Douglas Elliman

575 Madison Ave Ste 400, New York, NY 10022, United States

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About Douglas Elliman

Summary

Douglas Elliman is a leading American real estate brokerage, offering a wide range of services across the United States, particularly in luxury markets such as New York City, Miami, Los Angeles, and Aspen. The company specialises in residential sales and rentals, providing clients with expert assistance in buying, selling, and renting high-end properties.

It also manages commercial real estate transactions, focusing on the sale and leasing of commercial properties. Additionally, Douglas Elliman offers property management services to ensure the effective maintenance and profitability of both residential and commercial properties.

The company’s services extend to development marketing, where it plays a key role in promoting and selling new residential developments. It also provides title insurance and escrow services through its subsidiary, DE Title.

To support its clients with financial solutions, Douglas Elliman offers mortgage lending services via DE Capital Mortgage. With over 7,000 agents, the company operates around 113 offices across key US markets.

Douglas Elliman is committed to utilising property technology (PropTech) to enhance its agents’ tools and improve the client experience. The company has also expanded its reach internationally and is listed on the New York Stock Exchange under the ticker DOUG. In December 2021, the company was spun off from its parent company, Vector Group, and is now an independent entity. The company is currently led by CEO Michael Liebowitz, who took over in 2024.

History

Douglas Elliman was founded in 1911 by Douglas L. Elliman as a basement store at 421 Madison Avenue in Manhattan. The company quickly established itself as a significant player in New York’s real estate market. Douglas L. Elliman served as the company’s first president and remained its honorary chairman until his death in 1972. Under his leadership, the company grew into a recognised name in real estate.

In 1989, the company was sold to the Milstein family, specifically Seymour and Paul Milstein. The Milstein family led the company through a period of growth and further expansion. In 1999, Douglas Elliman was sold again, this time to Insignia Financial Group, which later became part of CB Richard Ellis (CBRE).

In 2003, Insignia sold Douglas Elliman to Montauk Battery Realty, an affiliate of Vector Group’s New Valley LLC subsidiary. The company continued to grow under new ownership, and in 2012, it dropped the “Prudential” from its name, reverting to its original 1911 name of Douglas Elliman. During this period, the company formed a partnership with the London-based Knight Frank LLP, further strengthening its presence in the global real estate market.

In December 2021, Douglas Elliman was spun off from Vector Group, becoming an independent public company. This marked a new chapter for the firm, with a renewed focus on its core real estate services and further expansion into luxury markets.

Today, Douglas Elliman operates in several states across the US, including New York, Florida, California, and Connecticut, and continues to be a major player in the luxury real estate sector.

Portfolio

The company holds a significant market presence in densely populated international finance and technology hubs, providing housing inventory at premium price points. As of September 2021, Douglas Elliman has approximately 100 offices and around 6,600 real estate agents. It offers extensive coverage in key U.S. markets, including the New York metropolitan region, Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas, serving both local and international clients.

Douglas Elliman’s business operations are divided into several key segments. Its Brokerage Services division handles residential and commercial sales, luxury rentals, and associated mortgage and title services. Through its Development Marketing division (DEDM), the company leads new development sales and marketing, offering expertise to high-profile developers and marketing properties to international audiences through its partnership with Knight Frank Residential.

The Property Management segment, operating under Residential Management Group, manages approximately 360 properties, representing around 56,500 units in key markets. Additionally, the company provides Title and Escrow Services through its subsidiaries, DE Title Services and Portfolio Escrow, offering licensed title insurance and escrow services in multiple states.

Douglas Elliman has demonstrated strong financial performance, particularly in the post-pandemic period. For the twelve months ending September 2021, the company reported revenue of $1.29 billion, with a gross transaction value reaching $47.7 billion.

The Douglas Elliman brand is widely recognised for its expertise in luxury markets and commitment to innovation. The company is frequently regarded as a leader in residential real estate, with its agents and executives being regularly cited by global media outlets. In 2021, Forbes recognised Douglas Elliman as one of America’s best large employers.

References

Douglas Elliman | Luxury Real Estate and Homes for Sale | Douglas Elliman
Douglas Elliman | Wikipedia
Douglas Elliman | Luxury Real Estate | Finest Residences
Douglas Elliman Office | HamptonsRE.com
Is Anywhere trying to buy Douglas Elliman? | Real Estate News
Douglas Elliman doesn’t want private listings to be the norm | HousingWire
Douglas Elliman LLC – Company Profile and News | Bloomberg
Douglas Elliman Inc. (DOUG) Stock Price Today | The Wall Street Journal
Douglas Elliman – Real Estate Agent in New York, NY | Zillow
Douglas Elliman | The Org
Douglas Elliman – Real Estate Agent in Your Area | Realtor

575 Madison Ave Ste 400, New York, NY 10022, United States

Website https://www.elliman.com/

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