Toll Brothers Apartment Living Opens Lumara: A New Luxury Apartment Community in North Phoenix

Toll Brothers Apartment Living opens Lumara, a luxury apartment community in North Phoenix, featuring modern amenities and designs.

Quiver AI Summary

Toll Brothers Apartment Living, in collaboration with Willton Investment Management, has unveiled Lumara, a new luxury apartment community in North Phoenix, Arizona, which recently welcomed its first residents. The four-story community comprises 456 modern apartment homes featuring one-, two-, and three-bedroom layouts equipped with high-end finishes such as gourmet kitchens, smart home technology, and optional work-from-home spaces. With amenities including resort-style pools, fitness centers, a rooftop lounge, and various recreational facilities, Lumara aims to offer a vibrant lifestyle for residents. Located conveniently near major employers and retail centers, this is Toll Brothers Apartment Living's fourth multifamily project in Arizona, enhancing the community's growth in the region. For more information, visit www.LumaraPhoenix.com.

Potential Positives

Announcement of the opening of Lumara, a luxury apartment community, enhances Toll Brothers Apartment Living's portfolio and showcases their commitment to providing high-quality living options.
Lumara features 456 modern apartment homes with upscale amenities, reinforcing the company's reputation for luxury and lifestyle-focused developments.
The community is strategically located near major employers and retail centers, making it an attractive choice for potential residents seeking convenient living.
Toll Brothers Apartment Living continues to expand its presence in Arizona, marking the company's growth and commitment to the multifamily housing market.

Potential Negatives

The press release indicates that Lumara is the fourth multifamily community developed by Toll Brothers Apartment Living in Arizona, suggesting a potentially limited market saturation for rental properties in the region.
No significant financial details or projections were provided, which may create concerns about the project's economic viability and expected return on investment.
Previous community Haverly was sold in 2023, which could imply a strategy that raises questions about the stability and long-term commitment to the rental market in Phoenix.

FAQ

What is Lumara in North Phoenix?

Lumara is a new luxury apartment community developed by Toll Brothers Apartment Living in North Phoenix, Arizona.

What amenities does Lumara offer?

Lumara features resort-style pools, fitness centers, a rooftop lounge, coworking spaces, dog parks, and more.

How many apartment homes are available at Lumara?

Lumara offers 456 apartment homes with one-, two-, and three-bedroom floor plans.

What are the key features of Lumara apartments?

Key features include gourmet kitchens, smart home technology, spacious layouts, and select units with work-from-home spaces.

Where is Lumara located?

Lumara is located at 25255 North 19th Avenue, close to major employers and retail centers in North Phoenix.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$TOL Insider Trading Activity

$TOL insiders have traded $TOL stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $TOL stock by insiders over the last 6 months:

PAUL E SHAPIRO sold 7,000 shares for an estimated $748,771
STEPHEN F. EAST sold 2,500 shares for an estimated $288,325
CHRISTINE GARVEY has made 0 purchases and 2 sales selling 1,190 shares for an estimated $138,703.
MICHAEL J. GRUBB (SVP & Chief Accounting Officer) sold 500 shares for an estimated $60,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$TOL Hedge Fund Activity

We have seen 302 institutional investors add shares of $TOL stock to their portfolio, and 382 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LONE PINE CAPITAL LLC added 3,800,580 shares (+inf%) to their portfolio in Q1 2025, for an estimated $401,303,242
BLACKROCK, INC. removed 1,137,785 shares (-8.9%) from their portfolio in Q1 2025, for an estimated $120,138,718
LONG POND CAPITAL, LP added 1,116,300 shares (+inf%) to their portfolio in Q1 2025, for an estimated $117,870,117
MILLENNIUM MANAGEMENT LLC added 767,715 shares (+232.6%) to their portfolio in Q1 2025, for an estimated $81,063,026
INVESCO LTD. removed 734,493 shares (-38.6%) from their portfolio in Q1 2025, for an estimated $77,555,115
JENNISON ASSOCIATES LLC removed 584,271 shares (-47.6%) from their portfolio in Q1 2025, for an estimated $61,693,174
VICTORY CAPITAL MANAGEMENT INC added 583,940 shares (+149.5%) to their portfolio in Q1 2025, for an estimated $61,658,224

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$TOL Analyst Ratings

Wall Street analysts have issued reports on $TOL in the last several months. We have seen 9 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Seaport Global issued a "Buy" rating on 07/23/2025
Wells Fargo issued a "Overweight" rating on 06/27/2025
Raymond James issued a "Strong Buy" rating on 05/23/2025
Evercore ISI Group issued a "Outperform" rating on 05/22/2025
RBC Capital issued a "Outperform" rating on 05/16/2025
Oppenheimer issued a "Outperform" rating on 05/15/2025
Wedbush issued a "Outperform" rating on 05/15/2025

To track analyst ratings and price targets for $TOL, check out Quiver Quantitative's $TOL forecast page.

$TOL Price Targets

Multiple analysts have issued price targets for $TOL recently. We have seen 12 analysts offer price targets for $TOL in the last 6 months, with a median target of $137.5.

Here are some recent targets:

Kenneth Zener from Seaport Global set a target price of $161.0 on 07/23/2025
Sam Reid from Wells Fargo set a target price of $135.0 on 07/08/2025
Jade Rahmani from Keefe, Bruyette & Woods set a target price of $120.0 on 05/23/2025
Buck Horne from Raymond James set a target price of $130.0 on 05/23/2025
Stephen Kim from Evercore ISI Group set a target price of $169.0 on 05/22/2025
Mike Dahl from RBC Capital set a target price of $133.0 on 05/16/2025
Tyler Batory from Oppenheimer set a target price of $155.0 on 05/15/2025

Full Release

PHOENIX, July 29, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living ^® , the rental subsidiary of Toll Brothers, Inc . (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with Willton Investment Management, is pleased to announce the opening of Lumara, a new luxury apartment community in North Phoenix, Arizona. Lumara, which welcomed its first residents this past week, sets a new standard for refined desert living with modern apartment homes and resort-style amenities.

The four-story community offers 456 apartment homes with a mix of one-, two-, and three-bedroom floor plans. Residences include gourmet kitchens with stainless steel appliances, quartz countertops, custom cabinetry, and spacious kitchen islands. Additional features include bathroom vanities with integrated LED lighting and smart home technology. Select residences feature built-in work-from-home spaces and private patios or balconies with desert views.

“We are thrilled to introduce Lumara to North Phoenix, marking our fourth multifamily community in Arizona,” said John McCullough, President of Toll Brothers Apartment Living. “Lumara represents our commitment to delivering exceptional living experiences with thoughtful design and unparalleled amenities. This community offers a lifestyle of comfort, convenience, and connection and we are proud to be part of the exciting growth of the North Phoenix region.”

Lumara's extensive amenity offerings include two resort-style pool decks with private cabanas, dual state-of-the-art fitness centers with yoga studios and on-demand fitness programming, a rooftop lounge with grills and firepits, and a sports lounge featuring an interactive simulator. Residents can also enjoy a clubroom with demonstration kitchen and private wine cellar, an Excursion Pub with a bar and gathering spaces, a coworking suite with individual and collaborative workspaces, a two-thirds-mile jogging trail, two dog parks and a pet spa, a maker space for creative pursuits, and various gaming lawns and outdoor lounge areas throughout the community. Additional conveniences include a package system with cold storage, rentable storage spaces, and a mini market.

“Lumara offers a unique blend of luxury and convenience, providing residents with a vibrant community in the heart of North Phoenix,” said Todd Bowden, Managing Director of Toll Brothers Apartment Living in the Southwest region. “Its location near major employers and retail centers makes the community the ideal choice for those seeking a dynamic lifestyle.”

Located at 25255 North 19 ^th Avenue, Lumara seamlessly connects residents to everyday adventures and the best of shopping, dining, and entertainment in North Phoenix. The community’s location offers easy access to I-17, The Shops at Norterra, and Happy Valley Towne Center, as well as regional employers. Lumara is a short drive from downtown Phoenix, Scottsdale, and outdoor recreation, including the Sonoran Preserve and Lake Pleasant.

Lumara is Toll Brothers Apartment Living’s fourth multifamily community in Arizona after Navona in Mesa, which opened in 2024; Callia in Phoenix, which opened in 2022; and Haverly in Phoenix, which was sold in 2023. For more information about Lumara, visit www.LumaraPhoenix.com .

ABOUT TOLL BROTHERS APARTMENT LIVING ^®
Toll Brothers Apartment Living ^® is the apartment development division of Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500 company, and the nation's leading builder of luxury homes. Toll Brothers Apartment Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional rental and mixed-use communities in select markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of America’s Luxury Home Builder®. In 2024, Toll Brothers Apartment Living was named to the National Multifamily Housing Council’s Top 25 Largest Developers list, the fifth year it has been so recognized. The firm has completed over 10,000 units nationally, with more than 18,000 units in production.

For more information visit TollBrothersApartmentLiving.com .

ABOUT TOLL BROTHERS
Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers has been one of Fortune magazine’s World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine.

For more information visit TollBrothers.com .

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

Photos accompanying this announcement are available at
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