Toll Brothers Update 07/07/23

Toll Brothers Names John A. McCullough President of its Toll Brothers Apartment Living Multifamily Division

Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, is pleased to announce John A. McCullough has been promoted to President of Toll Brothers Apartment Living®, the company’s multifamily division. In this role, McCullough is responsible for leading all acquisitions, development, branding, marketing, and operations across the company’s Toll Brothers Apartment Living and Toll Brothers Campus Living portfolios nationwide.

With more than two decades of real estate development and investment experience, McCullough’s leadership will enhance the company’s commitment to exceptional living experiences, quality, and design. He will collaborate closely with the Toll Brothers team to expand Toll Brothers Apartment Living’s nationwide footprint, forge strategic partnerships, drive profitability, and help solidify its position as a leader in the multifamily industry.

Commenting on the appointment, Douglas C. Yearley, Jr., Chairman and Chief Executive Officer of Toll Brothers, expressed his enthusiasm, stating, “We are thrilled to elevate John McCullough to his new role as President of Toll Brothers Apartment Living. His long tenure with Toll Brothers, along with his extensive industry knowledge, proven leadership, and strong focus on delivering exceptional results, align perfectly with our company’s core values. We are confident that under John’s guidance, Toll Brothers Apartment Living will continue to flourish.”

McCullough remarked, “I am honored and excited to take on my new role at Toll Brothers as the President of our multifamily division. I am proud to work with the remarkably talented people in Toll Brothers Apartment Living and drive the development of our exceptional luxury communities that elevate the apartment living experience.”

Previously, McCullough served as Senior Vice President and Managing Director of Toll Brothers Apartment Living from its inception in 2012 until his promotion to President in 2023. McCullough joined Toll Brothers in 2006 and spent his first six years as Assistant Vice President for Toll Brothers City Living® in New York City, where he was responsible for the development operations of several mixed-use, multi-phase condo developments. His responsibilities included overseeing project design, construction, marketing, and sales. During his tenure, he played an instrumental role in the development of more than 2,000 for-sale residential units, including Maxwell Place on the Hudson and The Hudson Tea Buildings in Hoboken, New Jersey.

Before joining Toll Brothers, McCullough worked for Tishman Speyer Properties, overseeing the operations of Class A mixed-use assets in New York, including Rockefeller Center. McCullough holds a Bachelor of Science degree in Economics from the United States Naval Academy, a Master’s in Business Administration from Boston University Graduate School of Management, and a Graduate Certificate in Real Estate from New York University.

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