Toll Brothers, nationwide homebuilder lively in Denver, makes push into Colorado Springs

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Toll Brothers Inc., a nationwide luxurious homebuilder lively in metro Denver and Fort Collins, mentioned Monday that it’s increasing into the Colorado Springs market via the acquisition of Keller Houses, a builder in that metropolis.
“Keller is a capital-efficient firm that brings a stable provide of managed tons and a diversified presence throughout Toll’s luxurious, reasonably priced luxurious, and lively residing choices,” Mark Bailey, president of Toll Brothers Colorado Division, mentioned in a information launch.
Since Dave and Pam Keller launched Keller Houses in 1983, the corporate has constructed 4,000 properties. It has a backlog of 91 properties with a median worth level of $520,000 and controls 300 tons in three lively communities.
“We’re assured that the relationships we have now constructed over the previous 37 years, mixed with Toll Brothers’ monetary assets and luxurious model, will complement our platform right here in Colorado Springs,” Dave Keller mentioned within the launch.
Toll Brothers is a Fortune 500 firm primarily based in Horsham, Pa. It disclosed Monday that the variety of closed contracts it signed between Aug. 1 via Sept. 15 elevated 110% over the identical interval final 12 months, from 800 properties to 1,678 properties.
Phrases of the Keller Houses acquisition weren’t disclosed.

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