Toll Brothers will open Raven Crest, a luxury townhome community in Summerlin, Las Vegas, with sales starting spring 2025.
Quiver AI Summary
Toll Brothers, Inc. announced the upcoming launch of its new luxury townhome community, Raven Crest, located in the sought-after Summerlin area of Las Vegas, Nevada. Set to open for sales in spring 2025, Raven Crest will feature upscale three- and four-story townhome designs with various amenities, including private elevators and rooftop terraces. Homes will vary in size from 2,300 to 2,640 square feet, offering 3 to 4 bedrooms and starting in the mid-$700,000s. Residents will enjoy access to numerous outdoor activities and community amenities. The Toll Brothers Design Studio will provide personalized home selection experiences for buyers.
Potential Positives
- Toll Brothers is set to open a new luxury townhome community, Raven Crest, in the desirable Summerlin area of Las Vegas, highlighting the company's continued expansion in a key market.
- The community will offer high-end features such as rooftop terraces, private elevators, and spacious multi-generational living suites, catering to a broad range of home buyers.
- Raven Crest's location provides access to extensive master plan amenities, enhancing its appeal to prospective homeowners looking for a luxurious lifestyle.
- The launch of the community reflects Toll Brothers' commitment to providing personalized home-buying experiences with their state-of-the-art Design Studio, which adds value for potential customers.
Potential Negatives
- High entry price point starting from the mid-$700,000s may limit appeal to a broader range of potential homebuyers, particularly in a competitive market.
- Potential challenges in attracting buyers in a community that requires substantial financial investment, amid rising interest rates and economic uncertainty affecting housing demand.
- Dependency on the success of the new community may expose Toll Brothers to financial risks if Raven Crest does not meet sales expectations upon its spring 2025 launch.
FAQ
What is Raven Crest by Toll Brothers?
Raven Crest is a new luxury townhome community in Summerlin, Las Vegas, offering spacious homes with high-end features.
When will Raven Crest open for sale?
The community is scheduled to open for sale in spring 2025.
What types of homes are available at Raven Crest?
Raven Crest offers three- and four-story townhome designs with 2,300 to 2,640 square feet, including multigenerational living options.
What amenities will Raven Crest residents enjoy?
Residents will access walking trails, parks, a community pool, and various outdoor recreation opportunities in the Summerlin master plan.
How can I get more information about Raven Crest?
For more information, visit RavenCrestByTollBrothers.com or call (855) 700-8655 to join the interest list.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TOL Insider Trading Activity
$TOL insiders have traded $TOL stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $TOL stock by insiders over the last 6 months:
- CHRISTINE GARVEY has traded it 2 times. They made 0 purchases and 2 sales, selling 225 shares.
- MARTIN P. CONNOR (Chief Financial Officer) has traded it 7 times. They made 0 purchases and 7 sales, selling 63,813 shares.
- PAUL E SHAPIRO sold 3,837 shares.
- DOUGLAS C. JR. YEARLEY (Chief Executive Officer) has traded it 7 times. They made 0 purchases and 7 sales, selling 212,584 shares.
- JOHN A MCLEAN sold 1,000 shares.
- ROBERT PARAHUS (President & COO) sold 6,900 shares.
- WENDELL E. PRITCHETT sold 3,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TOL Hedge Fund Activity
We have seen 358 institutional investors add shares of $TOL stock to their portfolio, and 309 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. removed 2,071,992 shares (-98.9%) from their portfolio in Q3 2024
- FMR LLC added 1,046,758 shares (+97.7%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 821,081 shares (-46.8%) from their portfolio in Q3 2024
- POINT72 ASSET MANAGEMENT, L.P. removed 796,068 shares (-82.6%) from their portfolio in Q3 2024
- WESTFIELD CAPITAL MANAGEMENT CO LP added 722,130 shares (+inf%) to their portfolio in Q3 2024
- DIMENSIONAL FUND ADVISORS LP removed 697,184 shares (-25.8%) from their portfolio in Q3 2024
- BLACKROCK, INC. added 665,465 shares (+5.2%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LAS VEGAS, Jan. 07, 2025 (GLOBE NEWSWIRE) --
Toll Brothers, Inc.
(NYSE:TOL), the nation’s leading builder of luxury homes, today announced that it will be opening a new community,
Raven Crest
, in the highly sought-after Summerlin area of Las Vegas, Nevada. This exclusive neighborhood will offer three- and four-story townhome designs with front entry courtyards, covered patios, rooftop terraces, and optional private elevators. Construction is underway, and the community is scheduled to open for sale in spring 2025.
Raven Crest brings exquisite low-maintenance townhome living to Summerlin’s Kestrel Commons Village. Six luxury Toll Brothers home designs offer spacious floor plans ranging from 2,300 to 2,640 square feet with 3 to 4 bedrooms, 2.5 to 3.5 baths, attached 2-car garages, and options for multigenerational living suites. The townhome designs feature three- or four-stories of luxury living with pricing anticipated to start from the mid-$700,000s.
Home buyers will experience unparalleled one-stop home personalization at the
Toll Brothers Design Studio
. The state-of-the-art Design Studio allows home buyers to choose from a wide array of curated selections for their new dream home with the assistance of their own Toll Brothers professional Design Consultant.
“We are excited to bring our newly released luxury townhome designs to the dynamic Summerlin master plan in the spring,” said Janet Love, Division President of Toll Brothers in Las Vegas. “Raven Crest will offer residents the very best of Toll Brothers quality and convenience in one of the most sought-after locations in Las Vegas.”
Raven Crest is ideally located with access to master plan amenities, including miles of walking trails, parks, and a community pool. Homeowners will also enjoy abundant outdoor recreation opportunities nearby.
This highly anticipated Toll Brothers community will be located on 11545 Hillrise Avenue in Las Vegas. For more information and to join the Toll Brothers interest list for Raven Crest, call (855) 700-8655 or visit
RavenCrestByTollBrothers.com
.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago 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 first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.
In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World's Most Admired Companies™ list and the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit
TollBrothers.com
.
From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.
Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | (215) 938-8169 |
ameck@tollbrothers.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9f3aa695-4668-49d7-9d29-edad343938ce
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
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