HomeServices of America has acquired regional luxury home specialist Gloria Nilson & Co. Real Estate in a deal with undisclosed terms.
The acquisition gives HomeServices control of a regional brokerage serving central New Jersey and eastern Pennsylvania.
Gloria Nilson Chairman Dick Schlott and President Pat Bell will continue to lead Gloria Nilson's strategic planning and growth initiatives as well as manage its day-to-day operations.
HomeServices, a Berkshire Hathaway affiliate, facilitated residential real estate sales totaling more than $94 billion in 2016. With the addition of Gloria Nilson in Red Bank, N.J., it operates across 28 states. Gloria Nilson closed nearly $1.5 billion in sales last year.
Among the integrated real estate services that HomeServices' operating companies offer are mortgage originations provided through a network of local lending partners.