January 10, 2022

The Breeden Company Announces CEO Transition

The Breeden Company, the nationally recognized Virginia Beach-based real estate development firm, today announced the transition of President and Chief Executive Officer from Mr. Ramon W. Breeden, Jr., the company's founder, to Mr. Timothy A. Faulkner, current Chief Operating Officer.

The company has experienced consistent growth over the last 10 years, in part due to Timothy’s expertise. The organizational change ensures the continuation of the current company culture and industry leadership in the construction, multifamily and commercial real estate fields. Executive leadership of the company remains unchanged.

Mr. Ramon W. Breeden, Jr., still The Breeden Company’s Chairman of the Board, will continue to have an active presence at The Breeden Company. He and C. Torrey remain owners of the company, and Torrey will continue in his role as Executive Vice President, focusing on land acquisition and development.

Ramon W. Breeden, Jr. founded The Breeden Company in 1961, building single-family homes, apartments and shopping centers in the Hampton Roads region. The company has grown from an organization of 20 to 425 today. The Breeden Company is also one of the few vertically integrated real estate development firms in the country with every division recognized statewide and/or nationally.

“Having created this company and serving nearly six decades in the top executive leadership role, I feel this is the right time for a leadership change. I am proud of The Breeden Company’s executive team and the businesses we are building.”

Timothy has held a key leadership role within The Breeden Company for more than 20 years.

“We look forward to what Tim will bring to the company as CEO,” stated Terry Marshall, The Breeden Company’s Chief Financial Officer. “Under Mr. Breeden’s leadership, the company has significantly grown revenues and profitability, and created a sustainable enterprise that is well-positioned for the future.”

Timothy Faulkner stated, “I am honored to be named the next President and CEO of The Breeden Company, and want to thank Ramon W. Breeden, Jr. and Torrey for the confidence they have placed in me to lead this strong organization. I welcome working with the executive leadership team and benefiting from everyone’s experience as we continue to grow the company.”

About The Breeden Company

Nationally recognized, with over 60 years of expertise in every facet of the industry, The Breeden Company is a vertically integrated real estate development organization that boasts market-leading divisions including commercial real estate, multifamily property management and construction. With a portfolio of over 20,000 apartments and 2 million square feet of retail and office space that have been owned, managed and developed, The Breeden Company is one of the premier real estate development firms in the nation. Breeden Realty is one of the top commercial real estate firms in Virginia (Virginia Business, 2021); Breeden Property Management is one of the top multifamily property management firms in the country (Multi-Housing News, 2021); Breeden Construction, the much-acclaimed multifamily general contractor for numerous third-party clients, is one of the top multifamily builders in the country (Multi-Housing News, 2020).
Media Contact
Christine Gustafson
Vice President of Marketing & Public Relations
(757) 486-1000