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ARLINGTON, Va.–(BUSINESS WIRE)–EJF Capital LLC (“EJF”) (www.ejfcap.com) and Toll Brothers, Inc, (NYSE: TOL) (www.tollbrothers.com) through its Toll Brothers Apartment Living (“TBAL”) division, today announced the formation of a joint venture to develop the Rafferty (the “Project”), a two-building, 218-unit multifamily community in the Santa Ana neighborhood of Orange County, CA. The development is located in an area certified as a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of
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