Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced that it has signed a definitive agreement to acquire substantially all the assets of Buffington Homes of Arkansas, a privately held home builder based in Fayetteville, Arkansas. The transaction is expected to close in the Company's fiscal third quarter.

The acquisition will augment Toll Brothers' national footprint by establishing a strong presence in the dynamic Fayetteville/Bentonville housing market in northwest Arkansas. Founded in 2010, Buffington Homes is the largest luxury home builder in northwest Arkansas with nine active selling/coming soon communities in the region. The company serves primarily first-time and move-up home buyers with prices ranging from the $400,000s to over $1 million, and currently owns or controls over 1,500 lots in the northwest Arkansas market.

"We are excited to be entering the vibrant and growing Fayetteville/Bentonv