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Schuler Homes Inc

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July 27, 1999 | Daryl Strickland
Schuler Homes Inc., one of Hawaii's largest home builders, has acquired privately held Rielly Homes Inc. of Newport Beach for an undisclosed amount. Rielly, founded in 1987 by Tom Rielly, sold about 160 homes last year, generating sales of about $50 million. Rielly, through land purchase options, controls the rights to develop more than 3,200 homes in Southern California and Phoenix. Rielly said he sold the company to link up with a better financed builder.
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BUSINESS
July 27, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
One of Hawaii's largest home builders, Schuler Homes Inc., said Monday it acquired Rielly Homes Inc. of Newport Beach, one of the few large independent home builders remaining in Orange County. Terms were not disclosed. Rielly sold 165 homes last year, primarily in Southern California and Arizona, generating sales of about $50.6 million. The privately held company does not disclose profits.
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