Toll Brothers, Inc. profile and corporate video
Toll Brothers, Inc. designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities. The Company is also involved, directly and through joint ventures, in projects where it is building, or converting rental apartment buildings into, high-, mid- and low-rise luxury homes. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in 19 states of the United States. As of October 31, 2010, the Company delivered 26,062 homes from 549 communities, including 2,642 homes from 265 communities. The Company operates its own land development, architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing operations. It also develops, owns and operates golf courses and country clubs. In November 2011, the Company acquired CamWest Development LLC. In December 29, 2011, the Company acquired 11 non-performing loans.”
“Toll Brothers overview
Toll Brothers in its present form was established in May 1986 through incorporation as a Delaware corporation, but descends from predecessor companies working in the same industry back to 1967.
Toll Brothers takes real estate projects from initial evaluation through land acquisition, land planning, entitlements, development, and completion. The company builds customized single-family homes, carriage homes and town homes, active adult communities, golf course communities, and midrise and high-rise projects, principally in suburban and urban locations. It targets first-time, move-up, empty-nester, active-adult, and second-home buyers.
On October 31, 2010, the company had over US$1.2 billion in cash, total assets of over $5.2 billion and shareholders’ equity of $2.6 billion. By November 2011, the company’s cash on hand remained in excess of US$1 billion. In November 2013, Toll Brothers purchased Shapell Homes (founded by Nathan Shapell) for $1.6 billion.
To support its real estate operations, the company operates its own land development, engineering, marketing, golf course development and management, architectural, mortgage, title insurance and landscape subsidiaries. The company acquires and develops commercial properties through Toll Commercial, and its affiliate, Toll Brothers Realty Trust, and purchases large distressed real estate portfolios through Gibraltar Capital and Asset Management.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “TollBrothers“