The long-time chairman and largest shareholder of Douglas Elliman, Lorber set the stage to spin off Douglas Elliman from its public parent Vector Group to its own standalone public company on the New York Stock Exchange (NYSE: DOUG) in 2021. The move would give the nation’s sixth largest brokerage more direct access to the public markets and gives it a competitive boost as it joins other standalone public brokerage companies at the top of the leaderboard. Douglas Elliman has nearly 6,700 agents who do over $29 billion in annual sales.
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