Douglas Elliman Inc. secures $50 million growth investment from Kennedy Lewis Investment Management

Jul 02, 2024•about 1 year ago

Amount Raised

$50 Million

New YorkReal Estate

Investors

Kennedy Lewis Investment Management Llc

Description

Douglas Elliman Inc. announced the closing of a $50 million growth investment from Kennedy Lewis Investment Management LLC. The investment will strengthen Douglas Elliman’s balance sheet to fuel its strategic growth and expansion.

Company Information

Company

Douglas Elliman Development Marketing

Location

New York, New York, United States

About

Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, investors.elliman.com.

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