Real Estate 2023: TIMOTHY A. FAULKNER

PRESIDENT AND CEO, THE BREEDEN CO., VIRGINIA BEACH

Published August 30, 2023 by Virginia Business

Named CEO of Breeden in January 2022, Faulkner oversees a real estate development and property management company founded more than 60 years ago by Chairman Ramon W. Breeden Jr.

Faulkner previously served as chief operating officer and president of property management for Breeden, which has about 425 employees in Virginia. This year, the company’s Breeden Construction subsidiary broke ground on the $27 million Duplex Station apartment complex near Scott’s Addition in Richmond and the $46 million Ascend at Hilltop multifamily project in Virginia Beach. It also completed apartment communities in Albemarle County, Chester and Petersburg.

Prior to working for Breeden, Faulkner was president and COO of Lawton Lumber Co. He has also worked for American Coating Technologies and Procter & Gamble. Faulkner chairs the Virginia Symphony Orchestra’s board and serves on the Neptune Festival board.

HOW I UNWIND FROM WORK: I walk several miles every day, rain or shine, cold or hot. It’s a great stress reliever and I get to enjoy the beautiful city I live in.

HOBBY/PASSION: I am passionate about cooking. I’m not a fan of baking so much, but I love creating a wonderful meal for friends and family to share.

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