Ejf capital and toll brothers apartment living announce joint venture to create 313-unit multifamily community in downtown phoenix opportunity zone

Arlington, va.--(business wire)--ejf capital llc (“ejf”) and toll brothers inc. (nyse: tol), through its toll brothers apartment living (“tbal”) division, today announced the formation of a joint venture to develop henri (the “project”), a 313-unit multifamily community in downtown phoenix, az. the 2.32-acre site is in a “qualified opportunity zone” under the tax cuts and jobs act of 2017 (“tcja”), which offers investors potential tax benefits to invest into qualified opportunity zones with the
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