WASHINGTON – Perseus TDC, the Mid-Atlantic regional office of Transwestern Development Company, announces it has expanded its team with the addition of Toby Millman in a senior leadership role. As Regional Partner, Millman is responsible for strategic direction of the office, sourcing and executing development projects throughout the region with a primary focus on multifamily and mixed-use properties.
“We are excited about the addition of such a seasoned executive to help us build on our existing pipeline and capitalize on unique opportunities in the market,” said Carleton Riser, TDC President. “The Washington metro area has been a primary focus for TDC’s long-term growth, and we are confident Toby’s deep knowledge and outstanding relationships will be invaluable as we continue to build on recent successes.”
Millman was previously Senior Vice President for the Mid-Atlantic and Southeast regions for Brookfield Properties, where he oversaw the company’s development pipeline. Prior to joining Brookfield Properties, Toby was a Senior Vice President at Vornado Realty Trust, creating and leading the multifamily development group for Vornado’s Washington division. Throughout his nearly 30-year career, Toby also owned and operated Agora Development, a development and homebuilding company, and worked for Washington-area developers EYA and Abdo Development.
“I am excited to join a firm known for delivering high-quality apartment communities and desirable mixed-use environments in the Mid-Atlantic and across the country,” said Millman. “I look forward to joining the team and building on that momentum, enhancing Transwestern’s presence throughout the region.”
Millman earned a bachelor’s degree in urban and regional studies from Cornell University and a master’s degree in regional planning from the University of North Carolina, Chapel Hill.
Headshot available for download here.
About Perseus TDC
Perseus TDC, an affiliate of Transwestern Development Company, invests alongside its financial partners in well-located Washington, D.C., metro area properties, adding value through skilled entitlement planning, design, risk management and operations. The firm draws upon its principals’ expertise in developing office, hospitality, multifamily, retail and mixed-use real estate, refined through decades of experience. Based in Washington, D.C., Perseus TDC wields the capabilities of a national firm with the dexterity of a local developer. Visitperseustdc.com for more information.
About Transwestern Development Company
Transwestern Development Company (TDC®) creates value through the execution of development projects for itself, its partners and valued clients throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $9.07 billion.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Molly McMurtry
713.231.1571
molly.mcmurtry@transwestern.com
twmediarelations@transwestern.com
