Douglas C. Yearley, Jr., Toll Brothers' chief executive officer, stated: "We are very excited to be bringing Toll Brothers' Active-Living brand to Anthem Ranch and the American West. Since 1999, when we entered the active-adult market, we have completed or have in development over 50 active adult communities totaling nearly 10,000 homes in 10 east coast and mid-western states. Today we have become the premier luxury brand in the 55+ buyer market. As waves of baby boomers continue to enter their 55+ years, we are expanding our Active-Living brand across the nation."
Jeff Handlin of Oread Capital, which, along with partner Wheelock Street Capital, acquired Anthem in 2011 from Del Webb, the original developer, stated: "Our goal has always been to maintain Anthem Ranch's standing as the No. 1 active-adult community in Colorado. Bringing a builder of the quality and stature of Toll Brothers to our community only enhances the appeal of Anthem Ranch to discerning, active-adult home buyers. Named Builder of the Year in 2012 by Professional Builder magazine, Toll Brothers is the only builder to have won the award twice."
Charles W. Bowie, Toll Brothers' Division President for Colorado, stated: "Having built move-up and empty-nester homes in the metro Denver market for over a decade, we believe Anthem Ranch is the ideal location for us to introduce our Active-Living brand in the western United States. We are thrilled to have closed on our first neighborhood and look forward to working with the Wheelock/Oread team to bring our beautiful homes to this magnificent community."
Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business 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 move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV