Toll Brothers

Toll Brothers Company Overview:

Robert I. Toll
Chairman and Chief Executive Officer
Toll Brothers, Inc.
BA ‘63
Cornell University Program in Real Estate Advisory Board Member

The Cornell Program in Real Estate is pleased to have Toll Brothers, Inc. as a Corporate Sponsor. Toll Brothers, Inc. engages in the development, construction, and sale of residential homes. It designs, builds, markets, and arranges finance for single-family detached and attached homes in luxury residential communities. The company’s operations include land development, architectural, engineering, mortgage, title, security monitoring, landscaping, lumber distribution, house component assembly, and manufacturing. It also develops, owns, and operates golf courses and country clubs associated with various master planned communities. In addition, Toll Brothers builds or converts existing rental apartment buildings into high-, mid-, and low-rise luxury homes. It serves move-up, empty-nester, active-adult, and second-home buyers in 21 states of the United States. As of October 31, 2006, the company operated from 398 communities containing approximately 31,910 home sites that it owned or controlled through options. It also owned or controlled through options approximately 41,858 home sites in 300 proposed communities. Toll Brothers was founded in 1967 and is headquartered in Horsham, Pennsylvania and is currently building in Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia. Toll Brothers Inc., is the successor to three generations of home builders and is a publicly owned company whose stock is listed on the New York Stock Exchange (NYSE:TOL).

The Toll Fellowship at Cornell:

Joseph C. Achenbach (left)
Cornell Program in Real Estate ‘10
Johnson School of Management ‘10
2008 Toll Fellow

Maya L. Barrera (right)
Cornell Program in Real Estate ‘09
2008 Toll Fellow

Toll Brothers, Inc. has established a unique relationship with the Cornell Program in Real Estate by offering two fellowship positions for first year students. The formal internship program is designed to develop future Toll Brothers project managers from Cornell graduates. Students are given the opportunity to learn from the nation’s premier luxury homebuilder while Toll Brothers, Inc. has the opportunity to increasingly stand out among other builders for the quality of staff by finding highly educated employees from our premier program.

Student Fellows are selected through an initial Program in Real Estate screening that evaluates the career goals and experience of interested students. The Fellowship is designed to create a relationship between Toll Bros. executives and PRE students early on in their education at Cornell. This relationship is fostered with continuted communication throughout the academic year and financial support to attend professional conferences alongside Toll Brothers executives.

This fellowship program allows students to gain valuable exposure to the industry at large, while gaining insight into the daily operations of the nation’s premier luxury home building company. Fellows will have the opportunity to work in one of 22 locations around the country as well as at corporate (Horsham, PA), and can choose from urban infill or residential project locations for their summer exposure.

Following a successful summer internship, Toll Brothers Inc. expects that the fellowship experience will evolve into a permanent relationship for the students after graduation.