The early-October deal signals a growing M&A presence of patient capital platforms -- some of them global asset managers --backing operators as capital pressure mounts on private builders in a long-term bright-future backdrop for U.S. residential development.| The Builder's Daily
The $347 million sale of Toll Brothers’ Apartment Living platform to Kennedy Wilson transfers $5.2 billion in assets under management and a national development team. For Toll, it’s less about retreat than an embrace of its cultural pedigree of focus, discipline, and luxury market leadership.| The Builder's Daily