Company 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.
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.
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