Douglas Elliman Inc. (NYSE: DOUG) is expanding its residential real estate brokerage services globally with the launch of Elliman International.
The new endeavor will focus on high-demand luxury destinations in Latin America, the Middle East, Europe, Asia Pacific, and other emerging wealth centers. In a statement, the New York City-based company said this initiative will enable it to directly serve its overseas agents, clients and developer without relying on third-party intermediaries. The company added it would begin to recruit teams and individual agents who will operate under the Elliman banner, to be followed by the establishment of office locations in key markets.
“Elliman International represents the natural progression of our legacy as America’s premier luxury real estate brokerage now becoming global,” said Michael S. Liebowitz, president and CEO of Douglas Elliman Inc. “From my first day as CEO, I recognized the need to establish our own international presence that preserves the high-level of service our clients expect. This isn’t just an expansion – it’s a transformation that positions Douglas Elliman as the truly global brand it is.”
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