Description
Toll Brothers is a home construction company based in Fort Washington, Pennsylvania that specializes in building luxury homes. In 2020, the company was the 8th largest home builder in the United States, based on the number of homes closed. The company is ranked 426th on the Fortune 500. The company operates in 20 states.
History
Toll Brothers was founded in 1967 in Pennsylvania by Robert I. Toll and Bruce E. Toll. Bob received a law degree from University of Pennsylvania and his B.A. from Cornell University, while his brother Bruce had an accounting degree from the University of Miami. Their father, Albert, built homes and the brothers believed that the new home industry had more to offer. Bruce was 26 and Robert was 27 at the time.
In 1982 Toll Brothers expanded to New Jersey. In May 1986 where they developed property in Kinnelon, NJ, in cooperation with Michael Felkay. Toll Brothers was incorporated as a Delaware corporation with a public offering raising $40 million.
Toll Brothers are now the center of controversy in Philadelphia for their plans to build a residential tower in the Jewelers Row neighborhood of Philadelphia, one of the oldest diamond districts in America.
Executives
Doug Yearley joined Toll Brothers in 1990 and was promoted as Chief Executive Officer in June 2010. Doug also serves as Co-Chair of the Pennsylvania Chapter of American Cancer Society's CEO's Against Cancer.
Robert Toll now serves exclusively as Executive Chairman of the Board.
Richard Hartman joined Toll Brothers in 1980 and was promoted to Chief Operating Officer and Executive Vice President in January 2012.
Martin Connor was hired as Toll Brother's CFO in 2010.
