"We are very pleased with the continued growth of our longstanding relationship with Toll Brothers and the support of JPMorgan and TD Bank in funding this excellent project," said Andrew Holm, Managing Director in the Ares Real Estate Group. "The construction of this best-in-class rental community continues Ares' history of developing high-quality properties across major markets in the United States."Please visit www.TollBrothersApartmentLiving.com for future updates and information regarding the community. ABOUT TOLL BROTHERS APARTMENT LIVING Toll Brothers Apartment Living is the apartment development division of Toll Brothers, Inc., the nation's premier builder of luxury homes. Toll Brothers Apartment Living is bringing the same quality, value, and service familiar to luxury home buyers throughout the country to upscale rental communities in select markets, including Boston, New York, Philadelphia, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of the nation's leading builder of luxury homes. In FORTUNE Magazine's 2016 Survey of The World's Most Admired Companies ® Toll Brothers was ranked #6 worldwide across ALL INDUSTRIES in Quality of Products/Services Offered after Apple, Walt Disney, Amazon, Alphabet, and Nordstrom, and before Netflix and Facebook. For more information on Toll Brothers Apartment Living and its other apartment communities, visit www.tollbrothersapartmentliving.com. ABOUT ARES MANAGEMENT Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $95 billion of assets under management as of June 30, 2016 and more than 15 offices in the United States, Europe and Asia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit www.aresmgmt.com.
CONTACT:Toll BrothersFrederick N. Cooper, IR/Financial Mediafcooper@tollbrothersinc.com (215) 938-8312Kira Sterling, General Mediaksterling@tollbrothersinc.com (215) 938-8220