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.