Buying Is The New Building: Why Multifamily Developers Are Shifting To Acquisition Mode

Barchart·12/05/2025 03:20:18

Some of the mid-Atlantic's largest developers are putting away their shovels and taking out their checkbooks.  Because acquiring apartments is cheaper than developing ground up, investors and developers — even those whose bread-and-butter has been ground-up development — are going all-in on buying existing apartments. “I have a voracious appetite to buy new buildings,” Bozzuto Group CEO Toby Bozzuto said Tuesday at Bisnow’s Multifamily Annual Conference East, held at the Bethesda North Marriott Hotel & Conference Center.