Toll Brothers To Serve As Exclusive Listing Agent For Hasentree's Custom Home Builders

Top Quote Custom Builders Sign With Nation's Leading Builder of Luxury Homes to Market and Sell Hasentree Community. End Quote
  • (1888PressRelease) July 13, 2010 - Raleigh, NC - Toll Brothers, (NYSE: TOL) (Tollbrothers.com) has announced that some of North Carolina's most prestigious custom homebuilders will have Toll Brothers market and sell their homes in the exclusive Hasentree community in North Raleigh. The builders, which include some of the most locally recognized names in the custom home construction field, will work exclusively with Toll Brothers to market and sell homes that have already been completed in the community as well as any future new home construction. Toll Brothers has brought together a highly-skilled in-house sales and marketing team to handle sales efforts for Hasentree home sites owned by Toll Brothers as well as home sites owned by custom home builders inside the community.

    Toll Brothers, the nation's leading developer of luxury homes, purchased the 805-acre Hasentree country club and golf course community earlier this year.

    Custom homebuilders who have signed exclusive listing agreements with Toll Brothers and currently have homes for sale include:

    Bost Custom Homes
    Stephen Dilger Custom Homes
    Premiere Homes
    Bluestone Builders
    Sundance Signature Homes
    Phil Miller Construction
    Thomas Gipson Homes
    Houseman Custom Homes

    "We are extremely pleased that Toll Brothers, a company that has earned an excellent reputation in the Triangle and nationally, is moving the Hasentree community forward again," said long-time Triangle estate homebuilder Rex Bost of Bost Custom Homes. "Toll Brothers has the skills and savvy to infuse new energy into the project and successfully market and sell homes. Their knowledge and expertise in the field will definitely be beneficial to everyone involved in the project."

    Toll Brothers has successfully marketed and sold homes in the Triangle for more than 16 years and is considered one of the nation's most successful builder/developers.

    "Toll Brothers looks forward to working with such a prestigious group of custom home builders," said Bobby Schooley, Division President for Toll Brothers. "We appreciate their confidence in our ability to market and sell their homes in the Hasentree community. This is an important step in the future of Hasentree."

    Hasentree, which opened in 2007, features the 13,000 sq. ft. Family Activity Club with swimming, tennis, spa, fitness center, playground, game/media room and kids corner, walking and bike trails, nature trails and a lake. The Tom-Fazio-designed championship golf course was ranked #2 in the Triangle and #28 in the state of North Carolina by the North Carolina Golf Panel.

    For more information on Hasentree, visit Hasentree.com.

    About Toll Brothers

    Toll Brothers offers spectacular new-home communities throughout the greater Triangle area, located in Cary, Durham, Raleigh and Wake County. Communities throughout the Triangle area include Brier Creek Country Club in Raleigh, Green Level Crossing in Cary, The Oaks at Meadowridge in the Cary Area, and The Hills at Southpoint in Durham. Toll Brothers sales centers and decorated model homes are open Sunday and Monday from 1 p.m. to 6 p.m. and Tuesday through Saturday from 10 a.m. to 6 p.m.

    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-nest, active-adult, and second-home buyers and operates nationwide.

    Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential, resort-style golf communities; and urban low-, mid-, and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.

    Toll Brothers, a FORTUNE 1000 Company, is honored to have won the three most coveted awards in the homebuilding industry: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award, and Builder of the Year. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information about Toll Brothers and its luxury communities throughout the Triangle, visit www.TollBrothers.com.

    This is not an offering where prohibited by law.

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