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Toll Brothers Apartment Living and Willton | MultifamilyBiz com

PHOENIX, AZ - Toll Brothers, the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Willton Investment Management have announced a new joint venture to develop Lumara, a four-story, 456-unit multifamily rental community in Phoenix, Ariz. The project is being financed through an $86 million construction loan facility from Santander Bank N.A. as agent and Alerus. The equity and debt were arranged by Toll Brothers’ in-house Finance.

Toll Brothers Apartment Living and Willton Investment Management Announce Joint Venture to Develop 456-Unit Luxury Rental Community in Phoenix, Arizona

Toll Brothers Apartment Living and Willton Investment Management Announce Joint Venture to Develop 456-Unit Luxury Rental Community in Phoenix, Arizona
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