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Toll Brothers Apartment Living® and Pondmoon Capital Announce the Opening of Mirra, a New Luxury Apartment Community in Frisco, Texas

1. Toll Brothers opens Mirra, a luxury apartment community in Frisco, Texas. 2. The community comprises 285 units with upscale amenities and modern designs. 3. Construction began in January 2023; first residents are now moving in. 4. Toll Brothers Apartment Living continues to expand its luxury rental portfolio nationwide. 5. Mirra's location offers residents access to major attractions and employment centers.

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Why Bullish?

The launch of Mirra reflects strong demand for luxury rentals, potentially boosting TOL's revenues. Similar expansions in the past have positively influenced TOL's stock performance.

How important is it?

The establishment of Mirra showcases TOL's strategic growth in luxury rentals, likely positively affecting market sentiment and future profit outlook.

Why Long Term?

TOL's investment in high-demand areas like Frisco can drive sustained growth, as evidenced by other successful developments across the U.S.

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FRISCO, Texas, June 12, 2025 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with Pondmoon Capital, is pleased to announce the opening of Mirra, a five-story, 285-unit luxury apartment community located in the heart of Frisco Square near Dallas, Texas. Mirra offers a refined living experience with thoughtfully designed residences and an array of upscale amenities. Construction began in January 2023 and the community recently commenced the move-in of its first residents. “We are thrilled to welcome our first residents at Mirra in the vibrant community of Frisco,” said John McCullough, President of Toll Brothers Apartment Living. “Mirra was designed to provide residents with a sophisticated, connected, and comfortable community, reflecting our commitment to developing residences that deliver the quality and elevated lifestyle that today’s renters expect.” Mirra features a mix of studio, one-bedroom, and two-bedroom apartment homes, each crafted with high-end finishes and modern conveniences. Residents enjoy granite countertops with tile backsplashes, stainless steel appliances, designer lighting, oversized closets with built-in shelving, and smart home technology, including keyless entry and smart thermostats. Select residences offer kitchen islands, double bathroom vanities, glass-enclosed showers, and private balconies or patios, providing an ideal space for relaxation and elevated comfort. The community boasts an impressive suite of amenities designed to help residents balance life-on-the-go with relaxation. These include a resort-style pool with lounge seating and firepit, a two-story fitness center with a yoga and spin studio featuring Peloton® equipment, a clubroom with entertainment bar, a game lounge with billiards, and multiple coworking spaces with conference rooms. Additional amenities include a pet spa, bike storage, a social mailroom, and a covered parking garage with reserved parking and EV charging stations. “Mirra represents our dedication to creating communities that offer both luxury and a sense of belonging,” said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. “The community’s prime location in Frisco Square provides residents with unparalleled access to shopping, dining, entertainment, and major employment centers.” Located at 8320 Church Street, Mirra is situated in Frisco Square, offering easy access to dining, specialty stops, and a variety of local attractions, including Toyota Stadium, the National Soccer Hall of Fame, the Frisco Rail District, Kaleidoscope Park, Stonebriar Centre, and the Frisco Public Library. The community is also conveniently located near major thoroughfares, providing easy connectivity to the Dallas North Tollway, Legacy Business Park, The Star, and the new PGA of America headquarters. For more information about Mirra, visit MirraFrisco.com. ABOUT TOLL BROTHERS APARTMENT LIVING®Toll Brothers Apartment Living® is the apartment development division of Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500 company, and the nation's leading builder of luxury homes. Toll Brothers Apartment Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional rental and mixed-use communities in select markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of America’s Luxury Home Builder®. In 2024, Toll Brothers Apartment Living was named to the National Multifamily Housing Council’s Top 25 Largest Developers list, the fifth year it has been so recognized. The firm has completed over 10,000 units nationally, with more than 18,000 units in production. For more information visit TollBrothersApartmentLiving.com. ABOUT TOLL BROTHERSToll 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. From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b6ead4ac-c6ad-49fe-ba03-17242aa1f1e8 https://www.globenewswire.com/NewsRoom/AttachmentNg/102d241b-c40e-4cb6-b58d-d61da3c1b249 Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

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