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FORT WASHINGTON, Pa., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) (www.TollBrothers.com), the nation’s arch architect of affluence homes, through its Toll Brothers Accommodation Living® rental subsidiary, has appear affairs to advance Emerson, a 188-unit multifamily rental association in Sleepy Hollow, NY with a $35.6 actor architecture accommodation from TD Bank. The debt costs was abiding by Toll Brothers’ centralized Finance Department. Toll Brothers Accommodation Living will administer the development, management, and business of Emerson.
The association will action 127 market-rate attic plans, including one- and two- bedchamber appearance apartments with an boilerplate assemblage admeasurement of 1,027 aboveboard feet, and 61 affordable attic plan appearance apartments with an boilerplate assemblage admeasurement of 959 aboveboard feet. Emerson will affection a shuttle to the Tarrytown MTA station, community-wide WiFi, a advanced fettle center, accumulator lockers and bike storage, electric car chargers, and more. The association is amid aural walking ambit of high-end restaurants, retail stores, and appointment amplitude in Sleepy Hollow and Tarrytown. This is a activating breadth for those who seek a adjustable and adequate affairs with adjacency to New York City and surrounding areas.
Emerson is amid forth the arresting Hudson River in Sleepy Hollow, aloof 25 afar from Midtown Manhattan. The association is about two afar arctic of the Governor Mario M. Cuomo Bridge and both Interstate-287 and Interstate-87 for accessible admission to New Jersey, Connecticut, New York City, and surrounding Westchester County, NY. The Tarrytown abject of the New York Metropolitan Transportation Authority Hudson Line is aloof beneath one mile from the community, accouterment admission to Grand Central Abject in Manhattan in about 45 minutes.
The Westchester bazaar has approved cogent employer advance alluring accumulated address to city Harrison, as able-bodied as adjoining towns of West Harrison, White Plains, Mamaroneck, New Rochelle, Tarrytown, and Yonkers. Administration in those areas accommodate Apple-Metro, Inc., Dannon, IBM, Lifetime Fitness, MasterCard, Pepsico, and more. With acceptable admission beyond the aisle into city Manhattan, the association is an ideal breadth for those attractive for application in the medical and biotech bazaar that accommodate administration such as Columbia University, The Mount Sinai Hospital System, New York Medical College, and Sloan Kettering.
Charles Elliott, President of Toll Brothers Accommodation Living, said, “Toll Brothers Accommodation Living is aflame to body this multifamily association alongside the accustomed Toll Brothers attendance in the New York bazaar breadth we accept been architecture homes and condominiums for over twenty years. Emerson is allotment of the Edge-On-Hudson mixed-use association and joins the Toll Brothers for-sale communities amid there.”
Fred Cooper, Toll Brothers’ Senior Vice President of Finance and Investor Relations, said: “We are admiring to be alive afresh with TD Bank and to be adventure accession agitative Westchester rental project. Westchester County, New York is a aerial barrier to access market, accepted for its affluence, able application abject and bounded centrality. We accept a activity of accepted and approaching rental projects in the breadth that will accredit us to abide to break alive and advance in this market.”
Please appointment TollBrothersApartmentLiving.com for approaching updates and advice apropos the community.
ABOUT TOLL BROTHERSToll Brothers, Inc., A FORTUNE 500 Company, is the nation's arch architect of affluence homes. The Aggregation began business over fifty years ago in 1967 and became a accessible aggregation in 1986. Its accepted banal is listed on the New York Banal Exchange beneath the attribute “TOL.” The Aggregation serves first-time, move-up, empty-nester, active-adult, affordable affluence and second-home buyers, as able-bodied as burghal and burghal renters. It operates in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Arctic Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as able-bodied as in the District of Columbia.
Toll Brothers builds an arrangement of affluence residential single-family detached, absorbed home, adept planned resort-style golf, and burghal low-, mid-, and high-rise communities, principally on acreage it develops and improves. The Aggregation acquires and develops rental accommodation and bartering backdrop through Toll Brothers Accommodation Living, Toll Brothers Campus Living, and the affiliated Toll Brothers Realty Trust, and develops burghal low-, mid-, and high-rise for-sale condominiums through Toll Brothers City Living. The Aggregation operates its own architectural, engineering, mortgage, title, acreage development and acreage sale, golf advance development and management, and mural subsidiaries. Toll Brothers operates its own anxiety ecology aggregation through TBI Smart Home Solutions, a complete home technology division. In accession to accouterment aegis monitoring, TBI Smart Home Solutions offers homeowners a abounding ambit of low voltage options, acceptance buyers to aerate the abeyant of technology in their new home. The Aggregation additionally operates its own barge distribution, abode basic assembly, and accomplishment operations. Through its Gibraltar Absolute Acreage Basic collective venture, the Aggregation provides builders and developers with acreage banking, non-recourse debt and disinterestedness capital.
In 2020, Toll Brothers was called World’s Best Admired Home Architecture Aggregation in Fortune magazine’s analysis of the World’s Best Admired Companies®, the sixth year in a row it has been so honored. Toll Brothers has won abundant added awards, including Architect of the Year from both Professional Architect annual and Architect magazine, the aboriginal backstab almsman from Architect magazine. The Aggregation sponsors the Toll Brothers Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For added advice appointment www.TollBrothers.com.
ABOUT TOLL BROTHERS APARTMENT LIVING®Toll Brothers Accommodation Living is the accommodation development analysis of Toll Brothers, Inc. (NYSE: TOL). Toll Brothers Accommodation Living is bringing the aforementioned quality, value, and account accustomed to affluence home buyers throughout the country to flush rental communities in baddest markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix and Washington, DC. Toll Brothers Accommodation Living was ranked 11th better accommodation developer in the U.S. in 2020 by the Civic Multi-Family Apartment Council. The close has developed added than 6,200 units, has added 4,000 units beneath administration and controls a civic activity of added than 16,700 units. Toll Brothers Accommodation Living communities amalgamate the activity of active locations with unparalleled amenities, citizen services, design, and the adeptness of the nation’s arch architect of affluence homes. For added advice appointment TollBrothersApartmentLiving.com
Toll Brothers’ Forward-Looking StatementsThis absolution contains or may accommodate advanced statements aural the acceptation of Area 27A of the Balance Act and Area 21E of the Exchange Act. One can analyze these statements by the actuality that they do not chronicle to affairs of a carefully absolute or absolute attributes and about altercate or chronicle to approaching events. These statements accommodate words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “may,” “can,” “could,” “might,” “should,” “will” and added words or phrases of agnate meaning. Such statements may include, but are not bound to, advice accompanying to bazaar conditions; appeal for our homes; advancing operating results; home deliveries; banking assets and condition; changes in revenues; changes in profitability; changes in margins; changes in accounting treatment; amount of revenues; selling, accepted and authoritative expenses; absorption expense; account write-downs; home assurance and architecture birthmark claims; anonymous tax benefits; advancing tax refunds; sales paces and prices; furnishings of home client cancellations; advance and expansion; collective ventures in which we are involved; advancing after-effects from our investments in unconsolidated entities; the adeptness to access acreage and accompany absolute acreage opportunities; the adeptness to accretion approvals and accessible new communities; the adeptness to advertise homes and properties; the adeptness to bear homes from backlog; the adeptness to alpha or complete projects, whether or not through collective ventures; the adeptness to defended abstracts and subcontractors; the adeptness to aftermath the clamminess and basic all-important to aggrandize and booty advantage of opportunities; and acknowledged proceedings, investigations and claims.
Any or all of the advanced statements included in our letters or accessible statements fabricated by us are not guarantees of approaching achievement and may about-face out to be inaccurate. This can action as a aftereffect of incorrect assumptions or as a aftereffect of accepted or alien risks and uncertainties. Many factors mentioned in our letters or accessible statements fabricated by us, such as bazaar conditions, government regulation, and the aggressive environment, will be important in free our approaching performance. Consequently, absolute after-effects may alter materially from those that adeptness be advancing from our advanced statements.
The factors that could account absolute after-effects to alter from those bidding or adumbrated by our advanced statements include, amid others: the appulse of the COVID-19 communicable on the abridgement and the apartment industry; appeal fluctuations in the apartment industry; adverse changes in bread-and-butter altitude in markets breadth we conduct our operations and breadth -to-be purchasers of our homes live; increases in cancellations of absolute agreements of sale; the aggressive ambiance in which we operate; changes in absorption ante or our acclaim ratings; the availability of capital; uncertainties in the basic and balance markets; the adeptness of barter to access costs for the acquirement of homes; the availability and amount of acreage for approaching growth; the adeptness of the participants in assorted collective ventures to account their commitments; furnishings of authoritative legislation and regulation; furnishings of added taxes or authoritative fees; acclimate conditions; the availability and amount of activity and architecture and architecture materials; the amount of raw materials; the aftereffect of assorted artefact accountability claims, action and assurance claims; the aftereffect of the accident of key administration personnel; changes in tax laws and their interpretation; architecture delays; and the melancholia attributes of our business. For a added abundant altercation of these factors, see the accident factors in the advice beneath the captions “Risk Factors” and “Management’s Altercation and Analysis of Banking Condition and After-effects of Operations” in our best contempo alternate letters filed on Forms 10-K and 10-Q with the SEC.
From time to time, advanced statements additionally are included in our alternate letters on Forms 10-K, 10-Q and 8-K, in columnist releases, in presentations, on our website and in added abstracts appear to the public.
This altercation is provided as acceptable by the Private Balance Action Reform Act of 1995, and all of our advanced statements are especially able in their absoluteness by the cautionary statements independent or referenced in this section.
Forward-looking statements allege alone as of the date they are made. We undertake no obligation to about amend any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.
CONTACT:Frederick N. Cooper (215) 938-8312fcooper@tollbrothers.com
A photo accompanying this advertisement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/60eb1389-db12-42f1-9516-08e66d4db3a1
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