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Toll Brothers Pushes into Boise Market
Toll Brothers Inc. has entered the Boise, ID market with its acquisition of Coleman Real Estate Holdings for an undisclosed price. The acquisition provides Horsham, PA-headquartered Toll Brothers with approximately 1,400 lots owned and 350 lots controlled in Idaho’s Ada and Canyon Counties.
Coleman Homes builds single-family residences ranging from first-time to luxury homes, priced from $175,000 to $500,000. At the time of the acquisition, Coleman’s $40.8 million backlog consisted of 135 homes, with an average price of $302,000.
According to Toll Brothers’ CEO Douglas C. Yearley, the Coleman Homes acquisition will help his company serve “a slightly lower price-point niche in an upscale market.”
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- ◦Development
- ◦Sale/Acquisition
