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Fortune 500 Luxury Home-Builder Expands into Myrtle Beach Market

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Fortune 500 Luxury Home-Builder Expands into Myrtle Beach Market

Home-building giant, Toll Brothers, Inc., announced plans Thursday to expand their reach into several key housing markets across the state of South Carolina. This expansion comes as part of a recent buyout of the Mount Pleasant based home-builder, Sabal Homes. In addition to Myrtle Beach, the Sabal Homes buyout expands Toll Brothers’ reach to include the cities of Charleston and Greenville.

Since opening in 2005, Sabal Homes has built more than 1,375 homes across South Carolina. In addition to 80 backlog homes, Toll Brothers has also gained nearly 1,600 lots as part of the Sabal deal.

“We are thrilled to be joining with Sabal Homes”, said Douglas C. Yearly, Jr., Chairman and CEO of Toll Brothers. “Myrtle Beach, Charleston and Greenville are vibrant Top-50 housing markets with favorable demographics and strong population growth.”

The Sabal Homes buyout is the latest in a series of acquisitions Toll Brothers has made in recent months across the Southeast. In May, the luxury home-builder acquired one of the largest private home-building companies in Atlanta in an effort to expand its presence into the state of Georgia.

Sabel Homes’ co-founder, Matt Jones, stated Thursday, “We are excited to join the Toll Brothers family and look forward to their support in expanding our operations in the South Carolina market. We are confident that the relationships we have built over the past 15 years, combined with Toll Brothers’ financial resources, will accelerate our growth here in South Carolina”.

Founded in 1967, Toll Brothers is the United States premier luxury home builder. Over the past five years, Toll Brothers has been consistently ranked #1 Home Builder Worldwide by FORTUNE Magazine’s “World’s Most Admired Companies®” list. Professional Builder Magazine has also honored them twice as Builder of the Year.

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