Douglas Elliman (DOUG) Secures $50M Growth Investment
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Douglas Elliman Inc. Secures $50 Million Growth Investment From Kennedy Lewis Investment Management
July 2, 2024 8:33 AM EDTStrengthens balance sheet and fuels long-term strategic growth and expansion plans
Announces preliminary second quarter gross transaction value in the range of $10.25 billion to $11.25 billion and strong cash position
MIAMI--(BUSINESS WIRE)-- Douglas Elliman Inc. (NYSE: DOUG) today announced the closing of a $50 million growth investment from Kennedy Lewis Investment Management LLC (Kennedy Lewis), a leading credit-focused alternative asset management firm. The investment strengthens Douglas Ellimans balance sheet to fuel its strategic growth and expansion.
Douglas Elliman issued $50 million senior secured... More
