The Real Deal Miami

Toll forms new distressed property branch

July 19, 2010 12:45PM

Bob Toll

Luxury home builder Toll Brothers has formed a distressed real estate
investment group, according to Bloomberg news. Toll, the largest luxury
builder in the U.S., will use the new group, Gibraltar Capital and
Asset Management, to “pursue a broad range of real estate acquisition
and investment opportunities,” the company said. The company announced
the new venture today. Among the unit’s services will be the
acquisition of distressed loan and property portfolios, as well as
assisting developers in the workout of troubled real estate. [Bloomberg]