Toll Brothers Apartment Living® and Gables Residential Announce Joint Venture to Develop 243-Unit Luxury Multifamily Community in Littleton, Colorado

Core Insights - Toll Brothers, Inc. and Gables Residential have formed a joint venture to develop Gables Angeline, a luxury multifamily rental community in Littleton, Colorado, financed by a $57 million construction loan from JPMorgan Chase [1][2][3] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across 24 states and the District of Columbia [5][9] - The company has been listed on the New York Stock Exchange under the symbol "TOL" since becoming public in 1986 and has a history of over 58 years in the industry [5] - Toll Brothers Apartment Living, the rental division of Toll Brothers, focuses on high-quality rental and mixed-use communities, having completed over 10,000 units nationally [9] Project Details - Gables Angeline will encompass 331,498 square feet with 243 luxury apartment units, offering a variety of floor plans from studio to three-bedroom [2] - The community will feature upscale amenities such as a resort-style pool, fitness center, pet park, and retail space, enhancing the living experience for residents [2][3] Strategic Importance - The project marks Toll Brothers Apartment Living's first development in Colorado, strategically located near major employment hubs and recreational areas, which is expected to attract residents seeking quality living [3][4] - The partnership with Gables Residential, which has been active in the Denver market since 2014, aims to leverage both companies' strengths to enhance living experiences in the area [4][11]