Toll Brothers, Inc. designs, builds, markets, and arranges financing for detached and attached homes in luxury residential communities. The company also builds and sells homes in urban infill markets through Toll Brothers City Living (City Living). As of October 31, 2014, the company was operating in 19 states. The company is in the process of developing master planned communities in which the company intends to build homes on a portion of the lots and sell the remaining lots to other builders. Two of these master planned communities are being developed 100% by the company, and the remaining communities are being developed through joint ventures with other builders or financial partners. The company operates its own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The company develops, owns, and operates golf courses and country clubs. The company also operates through joint ventures. These joint ventures develop land for the joint venture participants and for sale to outside builders (Land Development Joint Ventures); develop for-sale homes (Home Building Joint Ventures); develop luxury for-rent residential apartments, commercial space and a hotel (Rental Property Joint Ventures); invest in commercial real estate opportunities; and invest in a portfolio of distressed loans and real estate (Structured Asset Joint Venture). As of October 31, 2014, the company was operating in the following major suburban and urban residential markets: Philadelphia, Pennsylvania, metropolitan area; Lehigh Valley area of Pennsylvania; Central and northern New Jersey; Virginia and Maryland suburbs of Washington, D.C; District of Columbia; Boston, Massachusetts, metropolitan area; Fairfield, Hartford, and New Haven counties, Connecticut; Westchester, Dutchess, and Ulster counties, New York; Boroughs of Manhattan and Brooklyn in New York City; Los Angeles, California, metropolitan area; San Francisco Bay, Sacramento, and San Jose areas of northern California; San Diego and Palm Springs, California, areas; Phoenix, Arizona, metropolitan area; Raleigh and Charlotte, North Carolina, metropolitan areas; Dallas, San Antonio, Houston, and Austin, Texas, metropolitan areas; Southeast and southwest coasts and the Jacksonville and Orlando areas of Florida; Las Vegas and Reno, Nevada, metropolitan areas; Detroit, Michigan, metropolitan area; Chicago, Illinois, metropolitan area; Denver, Colorado, metropolitan area and Fort Collins, Colorado; Minneapolis/St. Paul, Minnesota, metropolitan area; and Seattle, Washington, metropolitan area. As of October 31, 2014, the company had 556 communities containing approximately 47,167 home sites that the company owned or controlled through options. Of the 556 communities, 307 were residential communities under development (operating communities) containing 21,359 home sites and 249 were future communities, containing 25,808 home sites. Of the 21,359 home sites in operating communities, 17,680 were available for sale and 3,679 were under agreement of sale but not yet delivered. Of the approximately 47,167 total home sites that the company owned or controlled through options as of October 31, 2014, the company owned approximately 36,224 home sites and controlled approximately 10,943 home sites through options. As of October 31, 2014, the company was offering homes in 263 communities, for its traditional home building product, excluding customized options, lot premiums, and sales incentives. Homes In most of its detached home communities, the company offers different house floor plans, each with different architectural styles. The company’s traditional attached home communities offer different floor plans with two, three, or four bedrooms. In its Traditional Home Building Product communities, a selection of options is available to home buyers for additional charges. Major options include additional garages, extra fireplaces, guest suites, finished lofts, and other additional rooms. Customer Mortgage Financing The company maintains relationships with a diversified group of mortgage financial institutions. The company’s mortgage subsidiary provides mortgage financing for a portion of its home closings. Significant Events In February 2015, Brothers Inc., through its Toll Brothers Apartment Living subsidiary, and AECOM Capital, announced the launch of Provost Square, a 417-unit rental apartment tower located in Jersey City, N.J. The project is expected to break ground this spring with leasing projected to commence in early 2015. History Toll Brothers, Inc. was founded in 1967.
toll brothers inc (TOL:New York)
250 Gibraltar Road
Horsham, PA 19044
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