Toll Brothers is a Horsham, Pennsylvania–based builder of luxury homes.

Company overview
Toll Brothers is a residential and commercial real estate development company with communities in 50 markets throughout 19 states. Since 1967, Toll Brothers has acquired, developed, marketed and operated a wide variety of residential and commercial real estate projects.

Toll Brothers takes real estate projects from initial evaluation through land acquisition, land planning, entitlements, development, and completion. The company builds customized single-family homes, carriage homes and town homes, active adult communities, golf course communities, and midrise and high-rise projects, principally in suburban and urban locations. It targets first-time, move-up, empty-nester, active-adult, and second-home buyers.

On October 31, 2010, the company had over US$1.2 billion in cash, total assets of over $5.2 billion and shareholders' equity of $2.6 billion. By November 2011, the company's cash on hand remained in excess of US$1 billion.
To support its real estate operations, the company operates its own land development, engineering, marketing, golf course development and management, architectural, mortgage, title insurance and landscape subsidiaries. The company acquires and develops commercial properties through Toll Commercial, and its affiliate, Toll Brothers Realty Trust, and purchases large distressed real estate portfolios through Gibraltar Capital and Asset Management.

Markets
Toll Brothers currently operates in the following major suburban and urban residential markets:
Philadelphia, Pennsylvania metropolitan area
Lehigh Valley area of Pennsylvania
Central and northern New Jersey
Virginia and Maryland suburbs of Washington, D.C.
Baltimore, Maryland metropolitan area
Eastern Shore of Maryland and Delaware
Richmond, Virginia metropolitan area
Boston, Massachusetts metropolitan area
Fairfield, Hartford, New Haven and New London Counties, Connecticut
Westchester, Dutchess, Ulster and Saratoga Counties, New York
Boroughs of Manhattan and Brooklyn in New York City
Los Angeles, California metropolitan area
San Francisco Bay, Sacramento and San Jose areas of northern California
San Diego and Palm Springs, California areas
Phoenix, Arizona metropolitan area
Raleigh and Charlotte, North Carolina metropolitan areas
Dallas, San Antonio and Houston, Texas metropolitan areas
Southeast and southwest coasts and the Jacksonville and Orlando areas of Florida.

Las Vegas and Reno, Nevada metropolitan areas
Detroit, Michigan metropolitan area
Chicago, Illinois metropolitan area
Denver, Colorado metropolitan area, and
Minneapolis/St. Paul, Minnesota metropolitan area
Seattle, Washington metropolitan area
Principal subsidiaries
TBI Mortgage; Westminster Insurance Agency, Inc.; Westminster Title Company, Inc.; Toll Integrated Systems (TIS); Toll Landscape; Toll Architecture; and ESE Consultants, Inc. (aka Eastern States Engineering) (ESE)

Principal competitors
Companies often competing in the same markets as Toll Brothers include private builders and public homebuilders like Woodmeister Master Builders, Pulte Homes, D.R. Horton, KB Home, Lennar Corporation, and Ryland Group Inc.

Criticism
Toll Brothers was sued in April 2007 by investors claiming they were misled by directors about demand for new home construction. The suit was later settled for $25 million, though Toll Brothers did not admit any wrongdoing.

Toll Brothers has also been accused of fraud and substandard construction by residents of the Northside Piers development in Williamsburg, Brooklyn. They have complained that "walls are leaky and poorly insulated; mold is growing in the walls; and there is faulty plumbing, sewage, heating and air-conditioning systems." The Northside Piers project gained notoriety in September 2007 when it caught fire during construction.