Operator: Good morning, and welcome to the Toll Brothers Fourth Quarter Earnings Conference Call. The company is planning to end the call at 9:30 when the market opens.
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SAN DIEGO, CA - Toll Brothers, the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and PGIM Real Estate, the $208.7 billion real estate investment and financing business of PGIM, have announced a new joint venture to develop The Lindley, a 37-story, 422-unit multifamily rental community in San Diego, Calif. The Lindley, which is the first Toll Brothers Apartment Living project in the city of San Diego, is being financed through a $187.