Leading multifamily owner Equity Residential and luxury home builder Toll Brothers, through its Toll Brothers Apartment Living division, have established a strategic partnership to develop new rental communities in key U.S. metro markets.
The partnership initially will focus on acquiring and developing sites for multifamily communities in markets where both Equity Residential and Toll Brothers have a significant or growing presence—Atlanta; Austin, Texas; Boston; Denver; San Diego and Orange County; and Seattle as well as Dallas-Fort Worth, where Equity Residential recently has reentered.
Both companies are bringing their strengths to the partnership. Equity Residential owns or has investments in 306 properties with 79,117 apartment units as of July 26. It ranks as the National Multifamily Housing Council’s fifth top apartment owner and 14th top manager for 2021. Toll Brothers ranks No. 11 on the 2021 Builder 100, and its Apartment Living division has developed more than 7,900 units, has more than 5,300 units under management, and has a pipeline of more than 14,800 units.
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