Toll Brothers, Inc. Announces Toll Brothers Campus Living Division and Canam Capital Partner Formation of A New Joint Venture
October 25, 2021 at 08:30 am EDT
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Toll Brothers, Inc. through its Toll Brothers Campus Living division, and CanAm Capital Partners announced the formation of a new joint venture to develop Lapis, a 1,086-bed, 293-unit, luxury student housing community at Florida International University (FIU) in Miami, Florida. The joint venture has secured a $103 million construction loan facility from Ocean Bank. The debt and equity financing were arranged by Toll Brothers? in-house Finance Department. The venture was advised by Ackman Ziff Real Estate Group. Toll Brothers Campus Living develops communities that combine modern amenities and strategic community design to fit the needs and lifestyle of today?s students, creating innovative solutions for residents in which to live, thrive, and connect. Toll Brothers Campus Living will manage the development, construction, marketing, and asset management of Lapis.
Toll Brothers, Inc. is a builder of luxury homes. The Company designs, builds, markets, sells and arranges financing for an array of luxury residential single-family detached home, attached home, master-planned, and urban low-, mid-, and high-rise communities. The Company operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology and landscaping subsidiaries. It also develops master-planned and golf course communities as well as operate, in certain regions, its own lumber distribution, house component assembly and manufacturing operations. The Company also caters to urban and suburban renters under the brand names Toll Brothers Apartment Living and Toll Brothers Campus Living. It designs, builds, markets, and sells high-density, high-rise urban luxury condominiums with third-party joint venture partners through Toll Brothers City Living (City Living). The Company operates in approximately 24 states and in the District of Columbia.
TOLL BROTHERS, INC. 
