Core Insights - Toll Brothers, Inc. has announced a joint venture with International Capital, LLC to develop The Airedale, a luxury multifamily rental community in Charlotte, North Carolina, with a secured construction loan of $56.8 million from TD Bank [1][4] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, founded in 1967 and publicly traded since 1986, with its stock listed on the NYSE under the symbol "TOL" [5] - The company operates in over 60 markets across 24 states and offers a wide range of residential options, including luxury homes and rental communities [5] - Toll Brothers Apartment Living, the rental division of Toll Brothers, focuses on delivering high-quality multifamily communities in select markets [8] Project Details - The Airedale will feature 348 apartment homes with one-, two-, and three-bedroom floor plans, equipped with luxury finishes and smart home technology [2][3] - Amenities will include a resort-style pool, fitness center, pet spa, coworking suite, and a mini market, enhancing the living experience for residents [2] - The community is strategically located near major transportation routes and employment centers, providing residents with convenient access to various amenities and outdoor recreation [3] Strategic Importance - The Airedale marks Toll Brothers Apartment Living's first multifamily development in North Carolina, highlighting the company's expansion into high-growth markets [3][4] - The partnership with International Capital is seen as a significant step for both companies, emphasizing design quality and local culture integration in the project [4]