EJF Capital and Toll Brothers Apartment Living Announce Joint Venture to Create 313-Unit Multifamily Community in Downtown Phoenix Opportunity Zone
Toll Brothers, Inc. (TOL)
Last toll brothers, inc. earnings: 2/25 04:30 pm
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Source: Business Wire
The Project Will Meet Growing Demand for Downtown Living with Walkable Neighborhood and Robust Amenities, Coupled with Onsite Parking and Easy Freeway Access ARLINGTON, Va.--(BUSINESS WIRE)--EJF Capital LLC (“EJF”) and Toll Brothers Inc. (NYSE: TOL), through its Toll Brothers Apartment Living (“TBAL”) division, today announced the formation of a joint venture to develop Henri (the “Project”), a 313-unit multifamily community in downtown Phoenix, AZ. The 2.32-acre site is in a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas.The Project, expected to break ground in October 2022, is a joint venture between EJF OpZone Fund I LP and TBAL. Upon completion, the seven-story building will offer a unit mix of studio- through 3-bedroom apartments located in one of the only pre-automotive, walkable neighborhoods i
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TOL
Earnings
- 2/20/24 - Beat
TOL
Sec Filings
- 4/15/24 - Form 144
- 4/15/24 - Form 4
- 4/3/24 - Form 4
- TOL's page on the SEC website