LORI HYLAND: Real Estate Firm Buyout

There’s a shakeup under way at luxury residential real estate brokerage Hilton & Hyland. Lori Hyland, the widow of company co-founder Jeff Hyland, has purchased fellow founder Rick Hilton’s interest in the Beverly Hills-based company.

The financial terms of the deal were not disclosed. Lori Hyland now owns 100% of the shares in the company. The company’s name will remain Hilton & Hyland.

“Beverly Hills is the only inlet city of the major luxury markets, yet people come from all over the globe to build legendary estates here and add to its extensive history,” Hyland said in a statement. “It is such an honor to be centered in this treasured community, and I am deeply excited for what’s ahead as Hilton & Hyland continues to serve it.” Hyland previously worked in fine art.

Hilton & Hyland was founded in 1993 and has remained privately owned. It has one office in Beverly Hills and does not have other franchised offices, as some brokerages do.
Last year, the brokerage had 31% of the market share of homes priced above $20 million in L.A. and an annual sales volume of $4 billion.

The firm is the exclusive L.A. member, and a founding affiliate, of Forbes Global Properties.
“I entered the real estate business over 30 years ago. During those three decades, along with my partner, Jeff Hyland, we created and built ‘Hilton & Hyland,’” Hilton said in a statement. “Together, we turned our company into the finest boutique brokerage in the world.”

As Seen In | Los Angeles Business Journal
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