Toll Brothers Expands in Atlanta With Sharp Residential Acquisition

May 22, 2019
Toll Brothers expands into the Peach State by entering the Atlanta market
Photo by A.R.T Paola on Unsplash

Atlanta was the largest single-family home market where Toll Brothers did not operate, but not anymore.

The Pennsylvania-based builder announced it acquired Sharp Residential, a company founded in 1991 by Tom Sharp that focused on Atlanta’s northern suburbs with homes for first time and luxury buyers at price points ranging from $300,000 to below $1 million. Toll Brothers does operate apartment communities in metro Atlanta but has not previously built single-family dwellings. 

According to the Atlanta Business Chronicle, Sharp held approximately $65 million in backlog, consisting of 125 homes with an average price of $520,000. The deal increases Toll Brother’s land holdings in the Atlanta area to about 900 lots owned and controlled.

Read More

 

Comments

Related Categories

PB-Builders,PB-New Home Sales
expand_less