EX-5 10 ex5-2.txt EXHIBIT 5.2 [TOLL BROTHERS LETTERHEAD] EXHIBIT 5.2 _________ __, 2005 Toll Brothers, Inc. Toll Brothers Finance Corp. 250 Gibraltar Road Horsham, PA 19044 Re: Registration Statement on Form S-4 ---------------------------------- Ladies and Gentlemen: I am Senior Vice President and General Counsel to Toll Brothers, Inc., a Delaware corporation (the "Company"). In connection with the registration by Toll Brothers Finance Corp., a Delaware corporation (the "Issuer"), of $300,000,000 in aggregate principal amount of 5.15% Senior Notes due 2015 (the "Exchange Notes"), and the registration by the subsidiaries of the Company listed on Schedule I hereto (the "Guarantors") of guarantees with respect to the Exchange Notes (the "Exchange Guarantees") on a Form S-4 registration statement (the "Registration Statement") to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "1933 Act"), you have requested my opinion with respect to the matters set forth below. The Exchange Notes and the Exchange Guarantees will be issued pursuant to an indenture dated as of November 22, 2002 by and among the Company, the Issuer, the Guarantors and J.P. Morgan Trust Company, National Association, as successor to Bank One Trust Company, N.A., as trustee (as supplemented or amended, as the case may be, by the Authorizing Resolutions attached as Exhibit A to the Joint Action of Persons Authorized to Act on Behalf of Each of Toll Brothers Finance Corp., Toll Brothers, Inc., and each of the entities listed on Schedule I thereto dated as of May 25, 2005, and as further supplemented by the First Supplemental Indenture dated as of May 1, 2003, the Second Supplemental Indenture dated as of November 3, 2003, the Third Supplemental Indenture dated as of January 26, 2004, the Fourth Supplemental Indenture dated as of March 1, 2004, the Fifth Supplemental Indenture dated as of September 20, 2004, the Sixth Supplemental Indenture dated as of October 28, 2004, the Seventh Supplemental Indenture dated as of October 31, 2004, the Eighth Supplemental Indenture dated as of January 31, 2005, the Ninth Supplemental Indenture dated as of June 6, 2005 and the Tenth Supplemental Indenture dated as of August 1, 2005 (collectively, the "Indenture")). Capitalized terms used herein without definition have the meanings given to them in the Indenture, a copy of which will be filed as an exhibit to the Registration Statement. In my capacity as Senior Vice President and General Counsel in connection with the preparation and filing of the Registration Statement, I am familiar with the proceedings taken and proposed to be taken by the Company, the Issuer and the Guarantors in connection with the authorization and issuance of Toll Brothers, Inc. Toll Brothers Finance Corp. _________ __, 2005 Page 2 the Exchange Notes and the Exchange Guarantees, and for purposes of this opinion, I have assumed such proceedings will be timely completed in the manner presently proposed and the terms of such issuance will otherwise be in compliance with law. As counsel, I have examined such matters of fact and questions of law as I have considered appropriate for purposes of rendering the opinions expressed herein. In my examination, I have assumed the genuineness of all signatures, the authenticity of all documents submitted to me as originals, and the conformity to authentic original documents of all documents submitted to me as copies. Subject to the foregoing and the other matters set forth herein, it is my opinion that, as of the date hereof, the Exchange Guarantees, when (i) the Exchange Notes have been authenticated by the Trustee and executed and delivered by the Issuer in accordance with the terms of the Registration Rights Agreement and the Indenture upon the exchange and (ii) the Exchange Guarantees have been authenticated by the Trustee and executed and delivered by the Guarantors in accordance with the terms of the Registration Rights Agreement and the Indenture, will constitute legally valid and binding obligations of the Guarantors, enforceable against the Guarantors in accordance with their terms. My opinion set forth above is subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance and transfer, moratorium or other laws now or hereafter in effect relating to or affecting the rights or remedies of creditors generally and by general principles of equity (whether applied in a proceeding at law or in equity) including, without limitation, standards of materiality, good faith and reasonableness in the interpretation and enforcement of contracts, and the application of such principles to limit the availability of equitable remedies such as specific performance. This opinion has been prepared for your use in connection with the Registration Statement and may not be relied upon for any other purpose. This opinion speaks as of the date hereof. I assume no obligation to advise you of any change in the foregoing subsequent to the effectiveness of the Registration Statement even though the change may affect the legal analysis or a legal conclusion or other matters in this opinion letter. I consent to your filing this opinion as an exhibit to the Registration Statement and the use of my name under the heading "Legal Matters" in the prospectus included therein. In giving this consent, I do not hereby admit that I come within the category of persons whose consent is required under Section 7 of the 1933 Act or the rules and regulations thereunder. Very truly yours, Don H. Liu Senior Vice President and General Counsel SCHEDULE I TABLE OF ADDITIONAL REGISTRANTS(1) State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Toll Holdings, Inc. Delaware 23-2569047 Amwell Chase, Inc. Delaware 23-2551304 Brentwood Investments I, Inc. Tennessee 04-3602308 Bunker Hill Estates, Inc. Delaware 23-2535037 Chesterbrooke, Inc. Delaware 23-2485513 Connecticut Land Corp. Delaware 23-2533514 Daylesford Development Corp. Delaware 23-2511943 Eastern States Engineering, Inc. Delaware 23-2432981 Fairway Valley, Inc. Delaware 23-2432976 First Brandywine Finance Corp. Delaware 23-2737486 First Brandywine Investment Corp. II Delaware 23-2731790 First Brandywine Investment Corp. III Delaware 23-2820213 First Brandywine Investment Corp. IV Delaware 61-1443340 First Huntingdon Finance Corp. Delaware 23-2485787 Franklin Farms G.P., Inc. Delaware 23-2486303 Frenchman's Reserve Country Club, Inc. Florida 56-2290261 HQZ Acquisitions, Inc. Michigan 38-3149633 MA Limited Land Corporation Delaware 23-2523560 Maple Point, Inc. Delaware 23-2551803 Maryland Limited Land Corporation Delaware 23-2499816 Mizner County Club, Inc. Florida 23-2970622 Mountain View Country Club, Inc. California 05-0567717 Polekoff Farm, Inc. Pennsylvania 23-2417142 The Silverman Building Companies, Inc. Michigan 38-3075345 SH Homes Corporation Michigan 38-3392296 SI Investment Corporation Michigan 38-3298884 Springfield Chase, Inc. Delaware 23-2538985 Stewarts Crossing, Inc. Delaware 23-2547222 TB Proprietary Corp. Delaware 23-2485790 TB Proprietary LP, Inc. Delaware 23-3066217 Tenby Hunt, Inc. Delaware 23-2682947 Toll Development Company, Inc. Michigan 38-3180742 Toll AZ GP Corp. Delaware 23-2815680 Toll Arizona LP Company, Inc. Delaware 56-2489926 Toll Arizona-II LP Company, Inc. Delaware 56-2489925 Toll Bros., Inc. Pennsylvania 23-2417123 Toll Bros., Inc. Delaware 23-2600117 Toll Bros., Inc. Texas 23-2896374 Toll Bros. of Arizona, Inc. Arizona 23-2906398 Toll Bros. of North Carolina, Inc. North Carolina 23-2777389 Toll Bros. of North Carolina II, Inc. North Carolina 23-2990315 Toll Bros. of North Carolina III, Inc. North Carolina 23-2993276 Toll Bros. of Tennessee, Inc. Delaware 51-0385724 (1) The address, including zip code, and telephone number, including area code, for each of the additional registrants is 250 Gibraltar Road, Horsham, Pennsylvania 19044, (215) 938-8000. i State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Toll Brothers AZ Construction Company Arizona 23-2832024 Toll Brothers Real Estate, Inc. Pennsylvania 23-2417116 Toll CA GP Corp. California 23-2748091 Toll California LP Company, Inc. Delaware 56-2489904 Toll CO GP Corp. Colorado 23-2978190 Toll Colorado LP Company, Inc. Delaware 56-2489913 Toll Connecticut LP Company, Inc. Delaware 51-1195212 Toll Connecticut-II LP Company, Inc. Delaware 56-2489901 Toll Corp. Delaware 23-2485860 Toll Delaware LP Company, Inc. Delaware 51-1195241 Toll Delaware-II LP Company, Inc. Delaware 56-2489912 Toll Finance Corp. Delaware 23-2978196 Toll FL GP Corp. Florida 23-2796288 Toll Florida LP Company, Inc. Delaware 51-1195251 Toll Florida-II LP Company, Inc. Delaware 56-2489909 Toll IL GP Corp. Illinois 23-2967049 Toll Illinois LP Company, Inc. Delaware 56-2489915 Toll Land Corp. No. 6 Pennsylvania 23-2417134 Toll Land Corp. No. 10 Delaware 23-2551776 Toll Land Corp. No. 20 Delaware 23-2551793 Toll Land Corp. No. 43 Delaware 23-2737488 Toll Land Corp. No. 45 Delaware 23-2737050 Toll Land Corp. No. 46 Delaware 23-2731483 Toll Land Corp. No. 47 Delaware 23-2737359 Toll Land Corp. No. 48 Delaware 23-2860557 Toll Land Corp. No. 49 Delaware 23-2860562 Toll Land Corp. No. 50 Delaware 23-2860513 Toll Land Corp. No. 51 Delaware 23-2959185 Toll Land Corp. No. 52 Delaware 23-2966099 Toll Land Corp. No. 53 Delaware 23-2978200 Toll Land Corp. No. 55 Delaware 23-2978124 Toll Land Corp. No. 56 Delaware 23-2978119 Toll Land Corp. No. 58 Delaware 23-3097273 Toll Land Corp. No. 59 Delaware 23-3097278 Toll Land Corp. No. 60 Delaware 23-3097277 Toll Management AZ Corp. Delaware 51-0385727 Toll Management VA Corp. Delaware 51-0385725 Toll Manhattan I, Inc. New York 20-2255686 Toll Maryland LP Company, Inc. Delaware 51-1195233 Toll Maryland-II LP Company, Inc. Delaware 56-2489896 Toll Massachusetts LP Company, Inc. Delaware 51-1195220 Toll Massachusetts-II LP Company, Inc. Delaware 56-2489898 Toll MD Builder Corp. Maryland 20-0355148 Toll MI GP Corp. Michigan 23-2917543 Toll Michigan LP Company, Inc. Delaware 56-2489914 Toll Michigan-II LP Company, Inc. Delaware 56-2489920 Toll Midwest LP Company, Inc. Delaware 56-2489924 Toll Midwest Note Company, Inc. Delaware 56-2489923 Toll MN GP Corp. Minnesota 20-0099962 Toll Mid-Atlantic LP Company, Inc. Delaware 51-1195257 Toll Mid-Atlantic Note Company, Inc. Delaware 51-1195252 Toll Nevada LP Company, Inc. Delaware 56-2489919 ii State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Toll New Hampshire LP Company, Inc. Delaware 51-1195125 Toll New Hampshire-II LP Company, Inc. Delaware 56-2489902 Toll New Jersey LP Company, Inc. Delaware 55-0883946 Toll New Jersey-II Company, Inc. Delaware 56-2489899 Toll New York LP Company, Inc. Delaware 51-1195218 Toll New York-II LP Company, Inc. Delaware 56-2489900 Toll NH GP Corp. New Hampshire 23-3048998 Toll NJ Builder Corp. New Jersey 74-3083211 Toll NJX-I Corp. Delaware 51-0413821 Toll NJX-II Corp. Delaware 51-0413826 Toll NJX-III Corp. Delaware 74-3083754 Toll NJX-IV Corp. Delaware 74-3083774 Toll NV GP Corp. Nevada 23-2928710 Toll NC GP Corp. North Carolina 23-2760759 Toll North Carolina LP Company, Inc. Delaware 51-1195249 Toll North Carolina-II LP Company, Inc. Delaware 56-2489910 Toll Northeast LP Company, Inc. Delaware 51-1195250 Toll Northeast Note Company, Inc. Delaware 51-1195240 Toll OH GP Corp. Ohio 23-2878722 Toll Ohio LP Company, Inc. Delaware 56-2489916 Toll Ohio-II LP Company, Inc. Delaware 56-2489918 Toll PA Builder Corp. Pennsylvania 87-0693313 Toll PA GP Corp. Pennsylvania 23-2687561 Toll PA II GP Corp. Pennsylvania 03-0395069 Toll Pennsylvania LP Company, Inc. Delaware 51-1195238 Toll Pennsylvania-II LP Company, Inc. Delaware 56-2489895 Toll Peppertree, Inc. New York 23-2709097 Toll Philmont Corporation Delaware 23-2526635 Toll Realty Holdings Corp. I Delaware 23-2954512 Toll Realty Holdings Corp. II Delaware 23-2954511 Toll Realty Holdings Corp. III Delaware 23-2954510 Toll Rhode Island LP Company, Inc. Delaware 51-1195217 Toll Rhode Island-II LP Company, Inc. Delaware 56-2489903 Toll RI GP Corp. Rhode Island 23-3020194 Toll SC GP Corp. South Carolina 23-3094328 Toll South Carolina LP Company, Inc. Delaware 51-1195245 Toll South Carolina-II LP Company, Inc. Delaware 56-2489911 Toll Southeast LP Company, Inc. Delaware 51-1195213 Toll Southeast Note Company, Inc. Delaware 51-1195261 Toll Southwest LP Company, Inc. Delaware 56-2489922 Toll Southwest Note Company, Inc. Delaware 56-2489921 Toll Texas LP Company, Inc. Delaware 56-2489928 Toll Texas-II LP Company, Inc. Delaware 56-2489927 Toll TN GP Corp. Tennessee 23-2886926 Toll TX GP Corp. Delaware 23-2796291 Toll VA GP Corp. Delaware 23-2551790 Toll VA Member Two, Inc. Delaware 51-0385726 Toll Virginia LP Company, Inc. Delaware 51-1195222 Toll Virginia-II LP Company, Inc. Delaware 56-2489897 Toll West Coast Note Company, Inc. Delaware 56-2489917 Toll West Coast LP Company, Inc. Delaware 59-3790049 iii State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Toll Wood Corporation Delaware 23-2533529 Toll YL, Inc. California 23-2898272 Valley Forge Conservation Holding GP Corp. Pennsylvania 73-1636768 Warren Chase, Inc. Delaware 23-2518740 Windsor Development Corp. Pennsylvania 23-2432983 110-112 Third Ave. Realty Corp. New York 13-1940046 51 N. 8th Street LP New York 23-2796304 Afton Chase, L.P. Pennsylvania 23-2760770 Audubon Ridge, L.P. Pennsylvania 23-2668976 Beaumont Chase, L.P. Pennsylvania 23-2910269 Belmont Land, L.P. Virginia 23-2810333 Bernards Chase, L.P. New Jersey 23-2796287 Binks Estates Limited Partnership Florida 23-2796300 The Bird Estate Limited Partnership Massachusetts 23-2883360 Blue Bell Country Club, L.P. Pennsylvania 23-2668975 Branchburg Ridge, L.P. New Jersey 23-2918996 Brass Castle Estates, L.P. New Jersey 23-2921715 Brentwood Investments, L.P. Tennessee 01-0616044 Bridle Estates, L.P. Pennsylvania 23-2855510 Broad Run Associates, L.P. Pennsylvania 23-2979479 Buckingham Woods, L.P. Pennsylvania 23-2689274 Bucks County Country Club, L.P. Pennsylvania 23-2878689 CC Estates Limited Partnership Massachusetts 23-2748927 Calabasas View, L.P. California 23-2785219 Charlestown Hills, L.P. New Jersey 23-2855658 Chellis Hill Limited Partnership Massachusetts 20-2489463 Cheltenham Estates Limited Partnership Michigan 23-2968590 Chesterbrooke Limited Partnership New Jersey 23-2485378 Cobblestones at Thornbury, L.P. Pennsylvania 23-2774674 Cold Spring Hunt, L.P. Pennsylvania 23-2702468 Coleman-Toll Limited Partnership Nevada 23-2928708 Concord Chase, L.P. Pennsylvania 23-2897949 Cortlandt Chase, L.P. New York 23-2928875 Dolington Estates, L.P. Pennsylvania 23-2760781 Dominion Country Club, L.P. Virginia 23-2984309 Eagle Farm Limited Partnership Massachusetts 23-2760777 The Estates at Brooke Manor Limited Partnership Maryland 23-2740412 Estates at Coronado Pointe, L.P. California 23-2796299 Estates at Princeton Junction, L.P. New Jersey 23-2760779 Estates at Rivers Edge, L.P. New Jersey 23-2748080 Estates at San Juan Capistrano, L.P. California 23-2796301 The Estates at Summit Chase, L.P. California 23-2748089 Fairfax Investment, L.P. Virginia 23-2982190 Fairfax Station Hunt, L.P. Virginia 23-2680894 Fair Lakes Chase, L.P. Virginia 23-2955092 Fairway Mews Limited Partnership New Jersey 23-2621939 Farmwell Hunt, L.P. Virginia 23-2822996 First Brandywine Partners, L.P. Delaware 51-0385730 Franklin Oaks Limited Partnership Massachusetts 23-2838925 Great Falls Hunt, L.P. Virginia 23-2719371 Great Falls Woods, L.P. Virginia 23-2963544 iv State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Greens at Waynesborough, L.P. Pennsylvania 23-2740013 Greenwich Chase, L.P. New Jersey 23-2709793 Greenwich Station, L.P. New Jersey 23-2816336 Hoboken Land LP New Jersey 20-1466751 Hockessin Chase, L.P. Delaware 23-2944970 Holland Ridge, L.P. New Jersey 23-2785227 Holliston Hunt Limited Partnership Massachusetts 23-2922701 Hopewell Hunt, L.P. New Jersey 23-2838289 Huckins Farm Limited Partnership Massachusetts 23-2740411 Hunter Mill, L.P. Virginia 23-2711430 Hunterdon Chase, L.P. New Jersey 23-2774673 Hunterdon Ridge, L.P. New Jersey 23-2944965 Huntington Estates Limited Partnership Connecticut 23-2855662 Hurley Ridge Limited Partnership Maryland 23-2954935 Kensington Woods Limited Partnership Massachusetts 23-2701194 Lakeway Hills Properties, L.P. Texas 23-2838579 Laurel Creek, L.P. New Jersey 23-2796297 Loudoun Valley Associates, L.P. Virginia 23-3025878 Mallard Lakes, L.P. Texas 23-2796298 Manalapan Hunt, L.P. New Jersey 23-2806323 Mill Road Estates, L.P. Pennsylvania 23-2774670 Montgomery Chase, L.P. New Jersey 23-2745356 Moorestown Hunt, L.P. New Jersey 23-2810335 Mount Kisco Chase, L.P. New York 23-2796641 NC Country Club Estates Limited Partnership North Carolina 23-2917299 Newtown Chase Limited Partnership Connecticut 23-2818660 Northampton Crest, L.P. Pennsylvania 23-2944980 Northampton Preserve, L.P. Pennsylvania 23-2901212 Patriots, L.P. New Jersey 23-2941041 The Preserve at Annapolis Limited Partnership Maryland 23-2838510 The Preserve at Boca Raton Limited Partnership Florida 23-2810339 Preston Village Limited Partnership North Carolina 23-2806570 Princeton Hunt, L.P. New Jersey 23-2747998 Providence Plantation Limited Partnership North Carolina 23-2855661 Regency at Dominion Valley, L.P. Virginia 45-0497498 River Crossing, L.P. Pennsylvania 23-2855516 Rolling Greens, L.P. New Jersey 23-2855583 Rose Hollow Crossing Associates Pennsylvania 23-2253629 Seaside Estates Limited Partnership Florida 23-2870057 Shrewsbury Hunt Limited Partnership Massachusetts 23-2912930 Silverman-Toll Limited Partnership Michigan 23-2986323 Somers Chase, L.P. New York 23-2855511 Somerset Development Limited Partnership North Carolina 23-2785223 Sorrento at Dublin Ranch I LP California 20-3337641 Sorrento at Dublin Ranch II LP California 20-3337654 Sorrento at Dublin Ranch III LP California 20-3337665 South Riding, L.P. Virginia 23-2994369 South Riding Amberlea LP Virginia 20-0383954 South Riding Partners, L.P. Virginia 23-2861890 South Riding Partners Amberlea LP Virginia 20-0384024 Southlake Woods, L.P. Texas 23-2869081 v State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Southport Landing Limited Partnership Connecticut 23-2784609 Springton Pointe, L.P. Pennsylvania 23-2810340 Stone Mill Estates, L.P. Pennsylvania 23-3013974 Swedesford Chase, L.P. Pennsylvania 23-2939504 TBI/Heron Bay Limited Partnership Florida 23-2928874 TBI/Naples Limited Partnership Florida 23-2883354 TBI/Palm Beach Limited Partnership Florida 23-2891601 TB Proprietary, L.P. Delaware 23-3070158 Timber Ridge Investment Limited Partnership Michigan 38-3413876 Toll at Brier Creek Limited Partnership North Carolina 23-2954264 Toll at Daventry Park, L.P. Ohio 23-2897947 Toll at Payne Ranch, L.P. California 23-2833118 Toll at Princeton Walk, L.P. New Jersey 23-2879954 Toll at Westlake, L.P. New Jersey 23-2963549 Toll at Whippoorwill, L.P. New York 23-2888554 Toll Brooklyn LP New York 20-1941153 Toll Bros. of Tennessee, L.P. Tennessee 51-0386723 Toll Brothers AZ Limited Partnership Arizona 23-2815685 Toll Brothers Maryland II Limited Partnership Maryland 23-3027594 Toll CA, L.P. California 23-2963547 Toll CA II, L.P. California 23-2838417 Toll CA III, L.P. California 23-3031827 Toll CA IV, L.P. California 23-3029688 Toll CA V, L.P. California 23-3091624 Toll CA VI, L.P. California 23-3091657 Toll CA VII, L.P. California 20-1972440 Toll CA VIII, L.P. California 20-2328888 Toll Cliffs Urban Renewal Company LP New Jersey 20-0383861 Toll CO, L.P. Colorado 23-2978294 Toll Costa, L.P. California 81-0602065 Toll CT Limited Partnership Connecticut 23-2963551 Toll CT II Limited Partnership Connecticut 23-3041974 Toll CT Westport Limited Partnership Connecticut 23-3048964 Toll DE LP Delaware 20-0660934 Toll-Dublin, L.P. California 23-3070669 Toll East Naples Limited Partnership Florida 23-2929049 Toll Estero Limited Partnership Florida 72-1539292 Toll FL Limited Partnership Florida 23-3007073 Toll FL II Limited Partnership Florida 73-1657686 Toll FL III Limited Partnership Florida 20-0135814 Toll FL IV Limited Partnership Florida 20-1158717 Toll FL V Limited Partnership Florida 20-2862720 Toll FL VI Limited Partnership Florida 20-3161585 Toll Ft. Myers Limited Partnership Florida 82-0559443 Toll Grove LP New Jersey 20-0215496 Toll Hudson LP New Jersey 20-0465460 Toll IL, L.P. Illinois 23-2963552 Toll IL II, L.P. Illinois 23-3041962 Toll IL III, L.P. Illinois 03-0382404 Toll IL HWCC, L.P. Illinois 75-2985312 Toll IL WSB, L.P. Illinois vi State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Toll Jacksonville Limited Partnership Florida 20-0204373 Toll Jupiter Limited Partnership Florida 20-3368529 Toll Land Limited Partnership Connecticut 23-2709099 Toll Land IV Limited Partnership New Jersey 23-2737490 Toll Land V Limited Partnership New York 23-2796637 Toll Land VI Limited Partnership New York 23-2796640 Toll Land VII Limited Partnership New York 23-2775308 Toll Land IX Limited Partnership Virginia 23-2939502 Toll Land X Limited Partnership Virginia 23-2774670 Toll Land XI Limited Partnership New Jersey 23-2796302 Toll Land XIV Limited Partnership New York 23-2796295 Toll Land XV Limited Partnership Virginia 23-2810342 Toll Land XVI Limited Partnership New Jersey 23-2810344 Toll Land XVII Limited Partnership Connecticut 23-2815064 Toll Land XVIII Limited Partnership Connecticut 23-2833240 Toll Land XIX Limited Partnership California 23-2833171 Toll Land XX Limited Partnership California 23-2838991 Toll Land XXI Limited Partnership Virginia 23-2865738 Toll Land XXII Limited Partnership California 23-2879949 Toll Land XXIII Limited Partnership California 23-2879946 Toll Land XXV Limited Partnership New Jersey 23-2867694 Toll Land XXVI Limited Partnership Ohio 23-2880687 Toll Livingston at Naples Limited Partnership Florida 71-0902794 Toll Marshall LP New Jersey 20-0215536 Toll MD Builder I, L.P. Maryland 20-0355209 Toll MD Limited Partnership Maryland 23-2963546 Toll MD II Limited Partnership Maryland 23-2978195 Toll MD III Limited Partnership Maryland 23-3044366 Toll MD IV Limited Partnership Maryland 71-0890813 Toll MD V Limited Partnership Maryland 81-0610742 Toll MD VI Limited Partnership Maryland 20-1756721 Toll MD VII Limited Partnership Maryland 20-2101938 Toll MI Limited Partnership Michigan 23-2999200 Toll MI II Limited Partnership Michigan 23-3015611 Toll MI III Limited Partnership Michigan 23-3097778 Toll MI IV Limited Partnership Michigan 20-1501161 Toll MI V Limited Partnership Michigan 20-2489523 Toll MN, L.P. Minnesota 20-0099987 Toll Naval Associates Pennsylvania 23-2454576 Toll NC, L.P. North Carolina 20-2087335 Toll NH Limited Partnership New Hampshire 23-3048999 Toll NJ, L.P. New Jersey 23-2963550 Toll NJ II, L.P. New Jersey 23-2991953 Toll NJ III, L.P. New Jersey 23-2993263 Toll NJ IV, L.P. New Jersey 23-3038827 Toll NJ V, L.P. New Jersey 23-3091620 Toll NJ VI, L.P. New Jersey 23-3098583 Toll NJ VII, L.P. New Jersey 20-2635402 Toll NJ VIII, L.P. New Jersey 20-3337736 Toll NJ Builder I, L.P. New Jersey 41-2089798 Toll Northville Limited Partnership Michigan 23-2918130 Toll Northville Golf Limited Partnership Michigan 23-2918224 vii State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Toll NV Limited Partnership Nevada 23-3010602 Toll Orlando Limited Partnership Florida 20-2862679 Toll PA, L.P. Pennsylvania 23-2879956 Toll PA II, L.P. Pennsylvania 23-3063349 Toll PA III, L.P. Pennsylvania 23-3097666 Toll PA IV, L.P. Pennsylvania 23-3097672 Toll PA V, L.P. Pennsylvania 03-0395087 Toll PA VI, L.P. Pennsylvania 47-0858909 Toll PA VII, L.P. Pennsylvania 68-0533037 Toll PA VIII, L.P. Pennsylvania 20-0969010 Toll PA IX, L.P. Pennsylvania 20-0969053 Toll PA X, L.P. Pennsylvania 20-2172994 Toll Park, LP New Jersey 20-0383903 Toll Peppertree, L.P. New York 23-2707709 Toll Realty Holdings LP Delaware 23-2954509 Toll Reston Associates, L.P. Delaware 23-3016263 Toll RI, L.P. Rhode Island 23-3020191 Toll RI II, L.P. Rhode Island 27-0043852 Toll SC, L.P. South Carolina 23-3094632 Toll SC II, L.P. South Carolina 82-0574725 Toll Stonebrae LP California 20-3192668 Toll TX, L.P. Texas 23-2984310 Toll TX II, L.P. Texas 23-3090949 Toll TX III, L.P. Texas 20-1262237 Toll TX IV, L.P. Texas 20-1869951 Toll VA, L.P. Virginia 23-2952674 Toll VA II, L.P. Virginia 23-3001131 Toll VA IV, L.P. Virginia 75-2972033 Toll VA V, L.P. Virginia 47-0887401 Toll VA VI, L.P. Virginia 20-1972394 Toll YL, L.P. California 23-3016250 Toll YL II, L.P. California 80-0014182 Trumbull Hunt Limited Partnership Connecticut 23-2855529 Uwchlan Woods, L.P. Pennsylvania 23-2838958 Valley Forge Conservation Holding, L.P. Pennsylvania 42-1537902 Valley Forge Woods, L.P. Pennsylvania 23-2699971 Valley View Estates Limited Partnership Massachusetts 23-2760768 Village Partners, L.P. Pennsylvania 81-0594073 Washington Greene Development, L.P. New Jersey 23-2815640 Waterford Preserve LP Virginia 20-2814766 West Amwell Limited Partnership New Jersey 23-2570825 Whiteland Woods, L.P. Pennsylvania 23-2833125 Wichita Chase, L.P. Texas 23-2855660 Willowdale Crossing, L.P. Pennsylvania 23-2879951 Wilson Concord, L.P. Tennessee 23-2887824 The Woods at Highland Lakes, L.P. Ohio 23-2948699 The Woods at Long Valley, L.P. New Jersey 23-2889640 ** Uses Employer Identification Number used by its sole member. viii State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- 5-01 - 5-17 48th Avenue LLC New York 23-2796295** 5-01 - 5-17 48th Avenue II LLC New York 23-2796295** 5-01 - 5-17 48th Avenue GC LLC New York 23-2796295** 5-01 - 5-17 48th Avenue GC II LLC New York 23-2796295** 51 N. 8th Street I LLC New York 23-2709097** 51 N. 8th Street GC LLC New York 23-2709097** 51 N. 8th Street GC II LLC New York 23-2709097** 110-112 Third Ave. GC LLC New York 13-1940046** 110-112 Third Ave. GC II LLC New York 13-1940046** 60 Industrial Parkway Cheektowaga, LLC New York 23-2796640** 700 Grove Street Urban Renewal, LLC New Jersey 20-0215496** 1500 Garden St. LLC New Jersey 20-1466751** 2301 Fallston Road LLC Maryland 23-2963546** Arthur's Woods, LLC Maryland 23-2963546** Arundel Preserve #6, LLC Maryland 20-2101938** Arundel Preserve #10a, LLC Maryland 20-2101938** Belmont Country Club I LLC Virginia 23-2810333** Belmont Country Club II LLC Virginia 23-2810333** Belmont Investments I LLC Virginia 23-2810333** Belmont Investments II LLC Virginia 23-2810333** Big Branch Overlook L.L.C. Maryland 23-2978195** Block 255 LLC New Jersey 20-1466751** Brier Creek Country Club I LLC North Carolina 23-2954264** Brier Creek Country Club II LLC North Carolina 23-2954264** CWG Construction Company LLC New Jersey 20-1104737 C.B.A.Z. Construction Company LLC Arizona 51-0385729** C.B.A.Z, Holding Company LLC Delaware 51-0385729 Component Systems I LLC Delaware 23-2600117** Component Systems II LLC Delaware 23-2600117** Creeks Farm L.L.C. Maryland 23-2978195** Dominion Valley Country Club I LLC Virginia 23-2984309** Dominion Valley Country Club II LLC Virginia 23-2984309** Feys Property LLC Maryland 23-2978195** First Brandywine LLC I Delaware 23-2485787** First Brandywine LLC II Delaware 23-2485787** First Brandywine LLC III Delaware 61-1443340** First Brandywine LLC IV Delaware 61-1443340** Frenchman's Reserve Realty, LLC Florida 23-2417123** Golf I Country Club Estates at Moorpark LLC California 23-2963547** Golf II Country Club Estates at Moorpark LLC California 23-2963547** Hawthorne Woods Country Club II LLC Illinois 75-2985312** High Point at Hopewell, LLC New Jersey 23-3098583** Hoboken Cove LLC New Jersey 20-1466751** Hunts Bluff LLC Maryland 23-2978195** Jacksonville TBI Realty, LLC Florida 23-2417123** ** Uses Employer Identification Number used by its sole member. ix State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- Lighthouse Point Land Company, LLC Florida 20-0135814 Long Meadows Properties LLC Maryland 23-3044366** Long Meadows TBI, LLC Maryland 23-3044366** Manalapan Hunt Investments I LLC New Jersey 23-2806323** Manalapan Hunt Investments II LLC New Jersey 23-2806323** Millbrook Investments I LLC New Jersey 23-2432983** Millbrook Investments II LLC New Jersey 23-2432983** Mizner Realty, L.L.C. Florida 23-2417123** Naples Lakes Country Club, L.L.C. Florida 23-2883354** Naples TBI Realty, LLC Florida 23-2417123** Palm Cove Golf & Yacht Club I LLC Florida 23-3007073** Palm Cove Golf & Yacht Club II LLC Florida 23-3007073** Palm Cove Marina I LLC Florida 23-3007073** Palm Cove Marina II LLC Florida 23-3007073** Phillips Drive LLC Maryland 23-3044366** Prince William Land I LLC Virginia 23-2774670** Prince William Land II LLC Virginia 23-2774670** Regency at Denville LLC New Jersey 23-2810344** Regency at Dominion Valley LLC Virginia 23-2984309** Regency at Long Valley I LLC New Jersey 23-3038827** Regency at Long Valley II LLC New Jersey 23-3038827** Regency at Mansfield I LLC New Jersey 23-3038827** Regency at Mansfield II LLC New Jersey 23-3038827** ** Uses Employer Identification Number used by its sole member. x State or Other Jurisdiction of I.R.S. Employer Exact name of Registrant as Specified Incorporation or of Identification in Its Charter Organization Number ------------------------------------- ------------------- --------------- The Regency Golf Club I LLC Virginia 23-2984309** The Regency Golf Club II LLC Virginia 23-2984309** The Ridges at Belmont Country Club I LLC Virginia 23-2810333** The Ridges at Belmont Country Club II LLC Virginia 23-2810333** Sapling Ridge, LLC Maryland 23-2978195** South Riding Realty LLC Virginia 23-2861890** SR Amberlea LLC Virginia 23-2861890** SRH Investments I LLC California 23-2879946** SRH Investments II LLC California 23-2879946** SRLP II LLC Virginia 23-2994639 Toll Cedar Hunt LLC Virginia 23-2994369** Toll DE X, LLC Delaware 82-0571193 Toll DE X II, LLC Delaware 20-1220599 Toll-Dublin, LLC California 23-3070669** Toll EB, LLC New Jersey 23-2810344** Toll Equipment, L.L.C. Delaware 23-2417123** Toll FL I, LLC Florida 23-3007073 Toll Glastonbury LLC Connecticut 23-3041974** Toll MD I, L.L.C. Maryland 23-2737488** Toll NJ I, L.L.C. New Jersey 23-3091620** Toll NJ II, L.L.C. New Jersey 23-3091620** Toll NJ III, L.L.C. New Jersey 23-2417123** Toll Realty L.L.C. Florida 23-2417123** Toll Reston Associates, L.L.C. Delaware 23-2551790** Toll Stratford LLC Virginia 20-3116806 Toll VA L.L.C Delaware 51-0385728** Toll VA III L.L.C. Virginia 23-2417123** Toll Van Wyck LLC New York 23-2796637** Toll Vanderbilt I LLC Rhode Island 23-3020194** Toll Vanderbilt II LLC Rhode Island 51-1195217** Vanderbilt Capital LLC Rhode Island 56-2421664 Virginia Construction Co. I, LLC Virginia 23-2417123** Virginia Construction Co. II, LLC Virginia 23-2417123** ** Uses Employer Identification Number used by its sole member. xi