FORT WASHINGTON, PA, May 5, 2022 (GLOBE NEWSWIRE) – Toll Brothers Apartment Living®, the leasing division of Toll Brothers, Inc., has been selected. (NYSE:TOL), the nation’s leading luxury home builder, was named one of the largest multifamily developers in the United States by the National Multifamily Housing Council (NMHC) 2022 NMHC 50, the annual ranking of the nation’s largest apartment owners, managers, developers, builders and assemblers . Toll Brothers Apartment Living is now ranked the 11th largest multi-family developer in the United States, with 3,621 units started during 2021.
“We are very proud to receive this recognition as one of the top multi-family developers nationwide,” said Charles Elliott, President of Toll Brothers Apartment Living. “This ranking underscores the extraordinary results of our national growth strategy, helping us to attract and retain the best from the multi-family industry in many of the key markets into which we are expanding.”
The number of units started in 2021 by Toll Brothers Apartment Living represents a 416% increase over the previous year; The largest one-year growth period in the company’s history. In addition to significant growth, the company has launched projects in more markets than ever before, continuing to expand its national platform.
This year marks the 33rd edition of the NMHC’s Top 50 lists. NMHC collaborates with Kingsley Associates, a leading real estate research and advisory firm, for NMHC 50 research and analysis. All apartment owners, managers, developers, builders, and subscribers are invited to answer a survey questionnaire asking about previous year’s activities. Apartment owners, managers, and subscribers are ranked based on their portfolio holdings (whether owned or managed) as of January 1, 2022, while developers and builders are ranked based on the number of units starting in 2021. For more details on NMHC 50, visit nmhc.org /The-NMHC-50/.
About Toll Brothers Apartment Living®
Toll Brothers Apartment Living is the apartment development division of Toll Brothers, Inc. (NYSE: TOL), the award-winning FORTUNE 500 company, is the nation’s leading luxury home builder. Toll Brothers Apartment Living offers the same quality, luxury and service that Toll Brothers is known for with its exceptional rental and mixed-use communities in select markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and America’s Luxury Home Builder® expertise. In 2022, NMHC Toll Brothers Apartment Living ranked it the 11th largest apartment developer in the United States. Today, the company has developed nearly 8,500 units, has nearly 4,500 units under management, and controls a national pipeline of more than 20,500 units. For more information, please visit TollBrothersApartmentLiving.com.
ABOUT TOLL BROTHERS
Toll Brothers, Inc. , a FORTUNE 500 company, is the country’s leading luxury home builder. The company was incorporated 55 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL”. The company serves first-time homebuyers, moving and vacant buyers, active adults, and second-home buyers, as well as urban and suburban renters. Toll Brothers is established in more than 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania , South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The company operates its architecture, engineering, mortgage, equity, land development, golf development, smart home technology and landscaping subsidiaries. The company also operates its lumber distribution, home component assembly and manufacturing operations.
Toll Brothers was named the world’s most admired homebuilder in the 2022 FORTUNE magazine’s survey of the world’s most admired companies, the seventh year in which it has been honored. The Toll Brothers was named Builder of the Year by Builder Magazine and is the first two-time recipient of the Professional Builder of the Year award from Professional Builder magazine. For more information, please visit TollBrothers.com.
Toll Brothers discloses information about its business, financial performance, and other matters, and provides links to its stock files, investor event notices, earnings and other news data, in the investor relations section of its website (investors.ollBrothers.com).
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About the National Multifamily Housing Council
Headquartered in Washington, DC, the National Multifamily Housing Council (NMHC) is the leader in the trillion-dollar apartment industry. We bring together prominent owners, managers, and developers who help create thriving communities by providing residential homes to 40 million Americans. The NMHC provides a forum for vision, advocacy, and action that empowers both members and the communities they help build to thrive. For more information visit nmhc.org.
Contact: Frederick N. Cooper (215) 938-8312 [email protected]