It marks Berkshire’s first major purchase under new CEO Greg Abel.
The sport utility vehicles were manufactured between May 2022 and October 2025.
Two instances of rear toe link separation have been reported without any accidents or injuries.
“Renters are in a position to push for a better deal, and property managers are ready to give them one,” Zillow senior economist Kara Ng said.
The announcement to pause highway service in Miami, San Francisco, Los Angeles, and Phoenix follows a recall in May.
The new entity would own more than 180,000 multifamily housing units.
The company was aware of four incidents related to the issue, one of which resulted in a vehicle fire, but no injuries were reported.
The company’s net earnings fell by 4.2 percent year over year.
Nearly one-third of homebuilders in the United States slashed prices in May, according to the National Association of Home Builders.
The proposed manufacturing facility, dubbed ‘Project Orca,’ would create 2,000 new jobs, Toyota said.