Last Updated: July 20, 2010 ET

Toll Brothers Launches Gibraltar, Targets Distress

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HORSHAM, PA-Toll Brothers, a builder of luxury homes, has created a new unit called Gibraltar Capital and Asset Management to take over investment opportunities as well as real estate acquisition.

Gibraltar Capital will help out in acquisition as well as disposition of properties and loans, and in the development of site for sale to other constructors. The new unit will also assist developers and banks to deal with distressed assets. For the full story, go to Structured Finance.

Categories: Northeast, Development, Distressed Assets, Other, Philadelphia

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