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October 22, 2014

Toll Brothers Jumps into Student Housing

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Toll Brothers Jumps into Student Housing

Toll Brothers, known as one of the largest single-family homebuilders in the nation, is expanding its business into student housing. 

Toll Brothers announced it is acquiring land near colleges, such as Penn State and the University of Maryland, College Park, with intentions to build off-campus housing. 

“The student-housing sector is increasingly going upscale, with developers adding resort-like amenities including swimming pools with palm trees, ice skating rinks, and yoga studios,” The Wall Street Journal reports. “Today’s students, who likely grew up with their own bedroom and bathroom, are getting the same at college, along with custom furniture and kitchens boasting gleaming appliances and granite countertops.” 

Source: “Toll’s New Frontier: Student Housing,” The Wall Street Journal (Jan. 23, 2013)