On both a macro and a micro level, a Toll-BB Living venture is a game-changer. Here’s how.
By John McManus | Builder
Toll Brothers and single-family rental community developer BB Living are close to an announcement of a large Toll strategic capital investment in BB.
Although Toll Brothers executives would not comment, an announcement could be coming within days as the two organizations clear final details to a deal, knowledgeable executives confirmed.
The venture–the first big marriage of its kind joining a top 10 single-family builder with a dynamic player in the fast-growing single-family built-to-rent category–runs consistent with luxury market leader Toll’s increasing diversification of income streams, its growing joint venture income, and its wide array of building types, mostly aimed at high-end customers, from student housing to retirement.