Douglas Elliman announced that the firm’s nationwide network has reached 5,000 agents, with the recent acquisition of two brokerages — Miami Beach-based Majestic Properties, and Lloyd’s Realty on Long Island’s North Fork.
Douglas Elliman has over 70 offices in New York City, Long Island, the Hamptons, Westchester/Putnam, Los Angeles, and South Florida.
The firm is New York’s largest residential brokerage and is the fourth-largest real estate company in the United States.
“This milestone is a great achievement, and further demonstrates Douglas Elliman’s position as a leading residential brokerage nationwide,” said Dottie Herman, president and CEO of Douglas Elliman.
“Our continuous evolution, expansion, and successes in the ultra-competitive brokerage industry is a testament to our exceptional agents, managers and properties.”
The acquisition of Majestic Properties brought an additional 100 agents to the firm with further influx from the marriage of Elliman with Lloyd’s Realty.
Douglas Elliman has seen growth in its expanding markets with the opening of its first West Coast office in Beverly Hills last March and plans to expand to additional storefront offices in the area by the end of 2014.
The company continues to strengthen its presence in South Florida, as well as its home base of the New York City metropolitan area, including Westchester, Long Island and the Hamptons.
The company also controls a portfolio of real estate services, including Manhattan’s largest residential property manager, Douglas Elliman Property Management, as well as DE Title and DE Capital Mortgage.