Toll Brothers will launch Ascente, a luxury home community in South Reno, with sales starting spring 2025.
Quiver AI Summary
Toll Brothers, Inc. announced the upcoming launch of its new luxury home community, Ascente by Toll Brothers, located near Mount Rose Highway in South Reno, Nevada. Construction of the Sales Center and model homes is currently in progress, with sales set to begin in spring 2025. The community will feature three collections of single-family homes priced from $1.1 million, ranging in size from 2,600 to over 6,300 square feet, showcasing high-quality craftsmanship and personalized design options. Residents will enjoy stunning mountain views, access to nature trails, and proximity to top schools and conveniences. The community will highlight innovative architectural designs and provide home buyers with a comprehensive selection experience at the Toll Brothers Design Studio.
Potential Positives
- Toll Brothers announced the upcoming launch of Ascente, a new luxury home community in South Reno, which aligns with their reputation as the nation's leading builder of luxury homes.
- The community will feature homes priced from $1.1 million, catering to the high-end market and potentially increasing the company's revenue and market share in the area.
- Ascente will offer unique personalization options and high-quality features, reinforcing Toll Brothers' commitment to craftsmanship and enhancing its brand image.
- The location provides residents with access to nature, top schools, and nearby amenities, making it an attractive option for prospective buyers and likely boosting demand.
Potential Negatives
- Announcing a new luxury community amidst the rising costs of housing could be perceived as insensitive to potential buyers facing affordability challenges in the current market.
- The projected sale prices starting at $1.1 million may limit the target demographic, potentially alienating a broader customer base amid economic uncertainty.
- The reliance on the luxury market might expose the company to greater risks during potential economic downturns, as luxury housing typically experiences more significant fluctuations in demand.
FAQ
When will sales begin at Ascente by Toll Brothers?
Sales for Ascente by Toll Brothers are expected to begin in spring 2025.
What types of homes will be available at Ascente?
Ascente will offer three collections of luxurious single-family homes ranging from 2,600 to 6,300+ square feet.
How much do homes at Ascente start in price?
Homes at Ascente by Toll Brothers will be priced from $1.1 million.
What personalization options are available for home buyers?
Home buyers can choose from a wide array of selections at the Toll Brothers Design Studio for personalization.
What amenities are included in the Ascente community?
Residents will enjoy trails for walking, hiking, and biking, as well as stunning views of Mount Rose.
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:
- DOUGLAS C. JR. YEARLEY (Chief Executive Officer) has made 0 purchases and 7 sales selling 212,584 shares for an estimated $32,000,793.
- MARTIN P. CONNOR (Chief Financial Officer) has made 0 purchases and 7 sales selling 63,813 shares for an estimated $9,116,108.
- ROBERT PARAHUS (President & COO) sold 6,900 shares for an estimated $1,018,423
- PAUL E SHAPIRO sold 3,837 shares for an estimated $514,697
- WENDELL E. PRITCHETT sold 3,000 shares for an estimated $442,169
- JOHN A MCLEAN sold 1,000 shares for an estimated $151,100
- CHRISTINE GARVEY has made 0 purchases and 2 sales selling 225 shares for an estimated $28,321.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TOL Hedge Fund Activity
We have seen 355 institutional investors add shares of $TOL stock to their portfolio, and 319 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 1,046,758 shares (+97.7%) to their portfolio in Q3 2024, for an estimated $161,713,643
- JPMORGAN CHASE & CO removed 821,081 shares (-46.8%) from their portfolio in Q3 2024, for an estimated $126,848,803
- POINT72 ASSET MANAGEMENT, L.P. removed 796,068 shares (-82.6%) from their portfolio in Q3 2024, for an estimated $122,984,545
- WESTFIELD CAPITAL MANAGEMENT CO LP added 722,130 shares (+inf%) to their portfolio in Q3 2024, for an estimated $111,561,863
- DIMENSIONAL FUND ADVISORS LP removed 697,184 shares (-25.8%) from their portfolio in Q3 2024, for an estimated $107,707,956
- BLACKROCK, INC. added 665,465 shares (+5.2%) to their portfolio in Q3 2024, for an estimated $102,807,687
- ALLIANZ ASSET MANAGEMENT GMBH removed 611,150 shares (-48.1%) from their portfolio in Q3 2024, for an estimated $94,416,563
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
RENO, Nev., Jan. 22, 2025 (GLOBE NEWSWIRE) --
Toll Brothers, Inc.
(NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community,
Ascente by Toll Brothers
, is coming soon to Fawn Lane near Mount Rose Highway in South Reno, Nevada. Construction of the Sales Center and model homes is currently underway, and sales will begin in spring 2025.
Ascente by Toll Brothers
is a sophisticated new home community in South Reno with breathtaking mountain views. The community will offer three distinct collections of luxurious single-family homes priced from $1.1 million. Homes will range from 2,600 to 6,300+ square feet with exceptional included features, an array of personalization options, and architecture inspired by the area’s rugged beauty. Each home will be built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known.
Home buyers will experience one-stop shopping at the
Toll Brothers Design Studio
. The state-of-the-art Design Studio allows home buyers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.
“Our new Ascente community will offer residents the unique opportunity to live amidst nature with stunning views of Mount Rose and the Sierra Nevada range,” said Donna O’Connell, Division President of Toll Brothers in Reno. “We are thrilled to introduce our exciting new architectural designs to home buyers in this area. With exceptional included features, expansive living spaces, and unrivaled personalization options, this community will redefine luxury living in South Reno.”
Residents will enjoy trails for walking, hiking and biking, with direct access to the surrounding natural beauty. The community’s location offers proximity to top schools of the Washoe County School District, plus convenient shopping, dining, and entertainment nearby.
For more information and to join the interest list for Ascente by Toll Brothers, prospective home buyers can call (855) 400-8655 or visit
TollBrothers.com/Reno
.
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/3e0060ca-8e55-453a-947a-31c0e935fe03
Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)
This article was originally published on Quiver News, read the full story.
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