Oct. 26, 2011
-- Toll Brothers, the nation’s leading builder of luxury homes, is proud to announce the appointment of Douglas Heppe as Vice President of Land Acquisition. Heppe’
s role will support the Company’s strategy of acquiring land to ensure growth and profitability. His duties will include purchasing entitled and raw land from developers, banks, hedge funds, redevelopment agencies, and other home builders with a focus on the East Coast and also in new markets.
“We are very excited for Doug’s return to Toll Brothers as he steps into this new position. His vast background and history with Toll Brothers will make this an easy transition,”
stated Doug Yearley, Toll Brothers CEO.
With almost 40 years experience in the real estate and home building industries, including 8 years as Toll Brothers Division President for the New Jersey and Michigan regions, Heppe has served in top leadership positions with public and private multi-state building companies. He brings hands-on experience in all facets of real estate development, ranging from serving as a foreman on a pipe-laying crew early in his career, to overseeing grand openings of communities with revenues exceeding $500 million, and supervising major litigation in federal and state courts. Heppe is a graduate of Vanderbilt University and currently resides in Central New Jersey.
Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business 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 move-up, empty-nester, active-adult, and second-home buyers and operates nationwide.
Toll Brothers builds luxury single-family detached and attached home communities;
master planned luxury residential, resort-style golf communities;
and urban low-, mid-, and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.
Toll Brothers was ranked #1 in 2011 and 2010 in Financial Soundness, Long-term Investment, and Quality of Product/Services in FORTUNE magazine‘s annual World’s Most Admired Companies survey in the home building category. The Company is also honored to have won the three most coveted awards in the home building industry: America’s Best Builder, the National Housing Quality Award, and National Builder of the Year. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, visit http://TollBrothers.com
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