Toll Brothers Campus Living and The Davis Companies Unveil Aperture, New Student Apartment Community in Orlando, Florida

Toll Brothers Campus Living opens Aperture, a luxury student apartment community near UCF, featuring 204 homes and extensive amenities.

Quiver AI Summary

Toll Brothers Campus Living and The Davis Companies have announced the opening of Aperture, a new student apartment community in Orlando, Florida, located near the University of Central Florida. Featuring 204 fully furnished apartment homes with a total of 680 beds, Aperture offers a variety of floor plans designed to cater to modern student needs, including quartz countertops, energy-efficient appliances, and smart home technology. The community's amenities enhance student life, including a resort-style pool, fitness center, tech-equipped study lounges, and social spaces such as an e-sports lounge and coffee house. Located less than 10 minutes from campus and conveniently accessible to downtown Orlando and the airport, Aperture aims to provide a balanced living experience for students. This development adds to Toll Brothers Campus Living’s expanding portfolio of student housing across the country.

Potential Positives

The opening of Aperture adds 204 apartment homes and 680 beds to the student housing market near the University of Central Florida, enhancing the company's presence in a strategic location.
Aperture features modern, fully furnished residences with a variety of floor plans and amenities specifically designed to meet the needs of today's students, potentially increasing demand and occupancy rates.
The community includes extensive amenities such as a resort-style pool, fitness center, and study lounges, which may attract students seeking a balanced academic and social lifestyle, enhancing the desirability of the property.
Toll Brothers Campus Living's growing portfolio, with nearly 2,400 additional beds in the development pipeline, signifies strong expansion and investment potential in the student housing sector.

Potential Negatives

The announcement of a new luxury student apartment community may imply a significant financial investment, raising concerns about potential risks associated with the return on investment in the current economic climate.
The mention of multiple previous developments being sold may raise questions about the long-term viability and sustainability of their student housing business model.
The reliance on high-end amenities and services could alienate a segment of potential residents who may be seeking more affordable housing options in a competitive market.

FAQ

What is Aperture in Orlando, Florida?

Aperture is a new elevated student apartment community near the University of Central Florida offering 204 apartment homes for students.

When did Aperture welcome its first residents?

Aperture welcomed its first residents in August 2025, marking the start of its student community experience.

What amenities does Aperture offer to students?

Aperture features a resort-style pool, fitness center, tech-equipped study lounges, gaming lounges, and more to enhance student lifestyles.

How is Aperture designed for student living?

Aperture includes fully furnished apartments with modern amenities, thoughtful designs, and smart home technology tailored for today's students.

Where is Aperture located?

Aperture is located at 12727 East Colonial Drive, less than 10 minutes from the University of Central Florida.

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 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

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

PAUL E SHAPIRO has made 0 purchases and 2 sales selling 10,812 shares for an estimated $1,311,619.
ROBERT PARAHUS (President & COO) sold 9,831 shares for an estimated $1,286,249
MARTIN P. CONNOR (Chief Financial Officer) sold 5,350 shares for an estimated $735,665
STEPHEN F. EAST sold 2,500 shares for an estimated $288,325
MICHAEL J. GRUBB (SVP & Chief Accounting Officer) has made 0 purchases and 2 sales selling 1,000 shares for an estimated $130,315.
CHRISTINE GARVEY sold 770 shares for an estimated $92,258

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$TOL Hedge Fund Activity

We have seen 352 institutional investors add shares of $TOL stock to their portfolio, and 411 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LONE PINE CAPITAL LLC removed 3,800,580 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $433,760,195
AQR CAPITAL MANAGEMENT LLC added 1,183,304 shares (+83.1%) to their portfolio in Q2 2025, for an estimated $135,050,485
D1 CAPITAL PARTNERS L.P. added 913,881 shares (+132.4%) to their portfolio in Q2 2025, for an estimated $104,301,238
INVESCO LTD. removed 905,008 shares (-77.4%) from their portfolio in Q2 2025, for an estimated $103,288,563
HOLOCENE ADVISORS, LP added 751,255 shares (+150.7%) to their portfolio in Q2 2025, for an estimated $85,740,733
DIMENSIONAL FUND ADVISORS LP added 701,739 shares (+32.5%) to their portfolio in Q2 2025, for an estimated $80,089,472
VICTORY CAPITAL MANAGEMENT INC removed 678,520 shares (-69.6%) from their portfolio in Q2 2025, for an estimated $77,439,487

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$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:

Wedbush issued a "Outperform" rating on 09/05/2025
Argus Research issued a "Buy" rating on 09/05/2025
Wells Fargo issued a "Overweight" rating on 08/21/2025
RBC Capital issued a "Outperform" rating on 08/21/2025
B of A Securities issued a "Buy" rating on 08/19/2025
Seaport Global issued a "Buy" rating on 07/23/2025
Raymond James issued a "Strong Buy" rating on 05/23/2025

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$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 $157.5.

Here are some recent targets:

Christopher Graja from Argus Research set a target price of $165.0 on 09/05/2025
Jay McCanless from Wedbush set a target price of $165.0 on 09/05/2025
Jade Rahmani from Keefe, Bruyette & Woods set a target price of $145.0 on 08/28/2025
Anthony Pettinari from Citigroup set a target price of $142.0 on 08/25/2025
Buck Horne from Raymond James set a target price of $160.0 on 08/25/2025
Mike Dahl from RBC Capital set a target price of $145.0 on 08/21/2025
Sam Reid from Wells Fargo set a target price of $160.0 on 08/21/2025

Full Release

ORLANDO, Fla., Sept. 09, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Campus Living , a division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and joint venture partner The Davis Companies today announced the opening of Aperture , an elevated student apartment community in Orlando, Florida. Strategically located near the University of Central Florida campus, Aperture offers 204 apartment homes totaling 680 beds. The community welcomed its first residents in August 2025.

Aperture’s apartment homes are available in a mix of studio, one-, two-, and four-bedroom floor plans. Each residence is fully furnished and thoughtfully designed to meet the needs of modern students. The kitchen and living area features include quartz countertops, energy efficient stainless-steel appliances, full-size washers and dryers, soft vegan leather couches and sectionals, and 58” smart TVs. Each bedroom includes a full XL mattress, an oversized closet, and a bathroom with LED backlit mirror. The apartment homes are equipped with smart home technology, including electronic app-enabled apartment and bedroom locks and USB charging ports. Select residences also include balconies.

“We’re thrilled to open Aperture, our second Toll Brothers Campus Living community in Florida,” said Richard Keyser, Vice President of Acquisitions and Development for Toll Brothers Campus Living. “With thoughtfully designed residences and immersive amenity spaces, we’re proud to offer a community that helps students thrive academically, socially, and personally.”

Aperture’s amenity offerings were designed to enhance both the college lifestyle and productivity. The community features a resort-style pool with a tanning shelf and a mini Jumbotron for outdoor viewing. The two-story fitness center includes cardio and strength equipment, an Echelon Reflect fitness mirror, and an outdoor turf area. Residents will find tech-equipped study lounges on every floor to accommodate various work styles, including private and group workspaces, in addition to a computer lounge with printing. Residents can gather with friends in the coffee house, the e-sports gaming lounge, the courtyard with firepits and grills, and the game lounge that features billiards, shuffleboard, and ping pong. Additional amenities include a gated dog park, secure garage parking, a private shuttle to and from campus, and community-wide Wi-Fi.

“Aperture reflects our dedication to developing exceptional student communities,” said John McCullough, President of Toll Brothers Apartment Living, the multifamily division of Toll Brothers which oversees its Campus Living division. “We designed Aperture to support today’s students, whose success is rooted in well-being, connection, and convenience, and we’re pleased to offer this unparalleled living experience to students at UCF.”

Located 12727 East Colonial Drive in Orlando, Aperture is a less than 10-minute drive from the University of Central Florida, offering flexibility between on-campus and off-campus life. The community is within a 30-minute drive from downtown Orlando and Orlando International Airport, making it a convenient hub for students balancing academics, recreation, and travel.

Aperture adds to Toll Brothers Campus Living’s growing portfolio, which includes The 87 at the University of Notre Dame, Kinetic at the Georgia Institute of Technology, and Lapis at Florida International University. In addition, the company previously developed The Yards at Old State at The Pennsylvania State University, which sold in 2024; Canvas at Arizona State University, which sold in 2023; and Terrapin Row at the University of Maryland, which sold in 2017.

For more information about Aperture, visit ApertureOrlando.com.

ABOUT TOLL BROTHERS CAMPUS LIVING

Toll Brothers Campus Living is the student housing development division of Toll Brothers, Inc., the nation’s leading builder of luxury homes. Toll Brothers Campus Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional student housing communities in select markets. Toll Brothers Campus Living communities combine the energy of collegiate locations with student-centric services, amenities, and the expertise of America’s Luxury Home Builder ^® to fit the needs and lifestyle of today’s students to live, thrive, and connect. Toll Brothers Campus Living has developed nearly 2,400 units and more than 7,000 beds nationwide, with nearly 2,400 additional beds in its development pipeline.

For more information visit tollbrothersapartmentliving.com/campus-living .

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]

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/590e7f6e-7700-47ce-b553-2ff3bad9e229
https://www.globenewswire.com/NewsRoom/AttachmentNg/d51f7d85-3308-4066-b252-ffcaf9da8e34
https://www.globenewswire.com/NewsRoom/AttachmentNg/82d74070-e997-48c9-b460-1df64a249c5d

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