DOUG Profile
Douglas Elliman Inc. is a prominent player in the U.S. real estate services sector, with a notable presence in both traditional brokerage operations and property technology investments. The company is divided into two key segments: Real Estate Brokerage and Corporate and Other. In its Real Estate Brokerage segment, Douglas Elliman focuses on residential real estate transactions, providing comprehensive brokerage services across a wide geographic area. This includes managing and facilitating property sales, purchases, and rentals through a network of experienced agents and offices.
The company's Real Estate Brokerage operations are extensive, with approximately 100 offices located in key markets such as the New York metropolitan area, Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas. Douglas Elliman employs around 6,500 real estate agents who are instrumental in driving its residential brokerage business. The firm's presence in these diverse and competitive markets underscores its significant role in the U.S. real estate industry.
In addition to its brokerage operations, Douglas Elliman Inc. is involved in property technology investments through its Corporate and Other segment. This segment includes the company's strategic initiatives and investments aimed at enhancing its technological capabilities and digital infrastructure. By integrating advanced technology into its operations, Douglas Elliman seeks to improve service efficiency, streamline transaction processes, and offer innovative solutions to its clients.
Founded in 1911 and headquartered in Miami, Florida, Douglas Elliman Inc. has a long history of influence in the real estate sector. The company operates independently of Vector Group Ltd. as of December 29, 2021, following a separation that allows Douglas Elliman to focus on its core real estate and technology ventures. As a publicly traded entity under the NYSE ticker DOUG, Douglas Elliman continues to evolve and adapt to the changing dynamics of the real estate market, reinforcing its position as a leading real estate service provider in the United States.
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