Parc Westborough Apartment Community Opens in Westborough, MA

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Toll Brothers Apartment Living®, in a joint venture with The Davis Companies, announces opening of Parc Westborough, a new luxury rental community in Westborough, MA - First Upscale Apartment Community in the Boston Area For Luxury Home Builder’s Apartment Living Division

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Clubhouse at Parc Westborough

Toll Brothers, Inc. (NYSE: TOL) (http://www.tollbrothers.com), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living® subsidiary and its joint venture partner The Davis Companies (http://www.thedaviscompanies.com), an integrated real estate investment, development and management firm, announced today the opening and launch of leasing at Parc Westborough, a 249-unit luxury apartment community located in Westborough, MA. The development’s luxury one, two, and three bedroom apartments provide top-notch onsite amenities, as well as convenient access to area dining, shopping, and recreation.

The community offers an unmatched array of resort-style amenities including a saltwater pool with a sundeck, an outdoor fire pit, lounge, and grilling area, a resident lounge and game room, a fitness center with an interactive cardio room, and a pet spa. Each residence includes plank flooring, stainless-steel appliances, granite kitchen countertops, and a washer and dryer. Select homes also include exterior patios or balconies.

Parc Westborough is located less than two miles from the Westborough MBTA commuter rail station. Just 45 minutes outside of Boston, the town of Westborough sits at the intersection of the Mass Pike, Route 495 and Route 9, offering residents access to a number of top-ranked schools, extensive public services and ample, verdant outdoor space including the ski resort at Wachusett Mountain.

“We’re extremely excited to open our first luxury rental apartment community under the Toll Brothers Apartment Living brand in the Boston area and to partner with The Davis Companies,” said Charles Elliott, Managing Director of Toll Brothers Apartment Living. “This project has been incredibly well received, and we are looking forward to continuing our expansion in the residential rental market and across the Boston metro area.”

“Parc Westborough provides convenient, luxurious living in Westborough,” said Gary Hofstetter, Senior Vice President of Asset Management at The Davis Companies. “We enjoyed partnering with the esteemed Toll Brothers’ team to enhance Metro West resident life with this best-in-class apartment community.”

The Parc Westborough Leasing Center is located at 346 Turnpike Road, Westborough, MA 01581. Please call 508-258-3820 to schedule a tour to preview an apartment residence, or visit http://www.ParcWestborough.com for more information.

ABOUT TOLL BROTHERS APARTMENT LIVING®
Toll Brothers Apartment Living® is the apartment development division of Toll Brothers, Inc., the nation’s premier builder of luxury homes. Toll Brothers Apartment Living is bringing the same quality, value, and service familiar to luxury home buyers throughout the country to upscale rental communities in select markets, including Boston, New York, Philadelphia, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of the nation’s leading builder of luxury homes. In FORTUNE Magazine’s 2016 Survey of The World’s Most Admired Companies® Toll Brothers was ranked #6 worldwide across ALL INDUSTRIES in Quality of Products/Services Offered after Apple, Walt Disney, Amazon, Alphabet, and Nordstrom, and before Netflix and Facebook. For more information on Toll Brothers Apartment Living and its other apartment communities, visit http://www.tollbrothersapartmentliving.com.

ABOUT THE DAVIS COMPANIES
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested over $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.

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John Piedrahita
Toll Brothers, Inc
+1 (202) 378-3302
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