Toby Bozzuto promoted to CEO of family firm

Toby Bozzuto to be CEO of family's real estate firm

The Bozzuto Group on Wednesday named the son of its founder to be CEO, taking over day-to-day operations from his father.

Tom Bozzuto, who started the real estate firm in 1988 with three friends, is to remain chairman, while his son, company president Toby Bozzuto, adds CEO to his responsibilities.

The younger Bozzuto, who grew up in the area and still lives here, has been with the Greenbelt-based company for more than 14 years, heading its apartment development division since 2007 and serving as president since 2013.

The Bozzuto Group has acquired and built more than 38,000 homes and apartments since its inception and currently manages more than 50,000 apartment units. Its projects in Baltimore include the Union Wharf apartments in Fells Point, which it sold this spring, and the Fitzgerald in Mount Royal, as well as a stake in the $100 million, 292-unit Anthem House in South Baltimore that is under construction now.

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