Toll Brothers Campus Living® Opens The 87, a New Luxury Student Apartment Community in South Bend, Indiana

Core Insights - Toll Brothers Campus Living, a division of Toll Brothers, Inc., has opened a new off-campus apartment community named The 87 in South Bend, Indiana, featuring 335 apartments and townhomes with a total of 810 beds [1][2] - The project was financed with a $91 million construction loan from Centier Bank, with construction starting in September 2022 and first occupancy in August 2024 [1][2] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and has been in operation for 57 years, becoming a public company in 1986 [7] - The company operates in over 60 markets across 24 states and offers a variety of housing options, including luxury homes and student housing [7] - Toll Brothers Campus Living has developed nearly 2,000 units and over 6,000 beds nationwide, with an additional 700 beds in the development pipeline [6] Project Features - The 87 offers a mix of studio to four-bedroom apartments, fully furnished with modern amenities such as 55" smart TVs and en-suite private bathrooms [2][3] - The community includes upscale features like stainless steel appliances, in-residence washers and dryers, quartz countertops, and keyless entry [2] - Amenities designed to support academic success and social connections include tech-enabled study lounges, a fitness center, and various outdoor spaces [3][5] Strategic Positioning - The opening of The 87 reflects Toll Brothers' commitment to developing student communities that provide a blend of off-campus living and proximity to prestigious colleges [2][5] - The project adds to Toll Brothers Campus Living's portfolio, which includes other developments at major universities, enhancing the company's presence in the student housing market [5]