Toll Brothers, through its Toll Brothers Apartment Living, and Equity Residential have plans to develop three new luxury rental communities totaling 1,053 units in the Dallas-Fort Worth metropolitan area.
“Dallas-Fort Worth is a dynamic market with a growing population of the affluent renter demographic that we are interested in capturing. We are expanding our presence in the market and believe that these properties will make excellent additions to our existing portfolio there,” said Mark J. Parrell, Equity Residential’s president and CEO.
These projects represent the first three joint ventures under the strategic relationship that Toll Brothers and Equity Residential established in 2021. Through the partnership, the parties initially intend to focus on selectively acquiring and developing sites for apartment rental communities in specific metro markets, including Dallas-Fort Worth, where both parties have a significant or growing presence. Under the partnership,
