The Baltimore Business Journal (BBJ) wrote a feature article on the Bozzuto Group’s partnership with Invesco Real Estate in a new $330 million real estate investment fund. Toby Bozzuto ’92, the company’s President and CEO, was central in securing the deal.

According to the article, the fund targets multi-family developments along the East Coast. Bozzuto Group and Invesco are focusing on multi-family developments in mid-sized cities like Fort Lauderdale and Tampa, and larger markets like Boston and Miami. The BBJ cites Mr. Bozzuto in sharing his company’s focus on multi-family projects built after 2000, classified as new construction and requiring minimal and actionable upgrades.

Bozzuto Group, headquartered in Greenbelt, Maryland, is one of the fastest-growing companies in the country with approximately 3,000 employees. Bozzuto shared with the BBJ that his company has more than 125,000 units under management. In looking ahead, he believes that the fund with Invesco "positions us to expand purposefully across the East Coast and acquire assets that align with our rigorous investment standards and operational capabilities.” Bozzuto offered more insight, saying “we can go in, buy an existing asset, take it over and improve the experience for the resident…[fix] things up and thus improve the development over time."

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