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Douglas Elliman Rapidly Expands Brooklyn Presence Via Acquisition, Leases and Recruitment

Date: Jun 22, 2017

DouglasElliman Rapidly Expands Brooklyn Presence Via Acquisition, Leases andRecruitment

New York’sLargest Residential Brokerage Continues its Expansion with Acquisition ofBrooklyn Hearth Realty; Two New Office Locations in Williamsburg andBedford-Stuyvesant and More than 50 New Agents

New York City, NY (June22, 2017) – Douglas Elliman expands company’spresence in Brooklyn with the acquisition of Brooklyn Hearth Realty, a highly respected firm founded in 2004 with offices in NorthSlope and Ditmas Park, and the addition of new offices in Williamsburg andBedford-Stuyvesant later this year.  Withthis expansion, Douglas Elliman brings its office count to 90 nationally,adding approximately 20 percent more agents to the firm for a total of morebthan 300 agents in Brooklyn.

Brooklyn Hearth boasts the skillset, proven track recordand marketing creativity that mirrors the work of Douglas Elliman, and we are delighted to officially welcome them to our firm,” said Howard M.Lorber, Chairman of Douglas Elliman Realty, LLC. “This acquisition, along withour new offices in Bedford-Stuyvesant and Williamsburg, significantly expand the reach we have in an ever-growing Brooklyn market.”

Brooklyn Hearth Realtybwas instrumental in the growing popularity amongst home buyers, sellers and investors in Ditmas Park, Windsor Terrace and sections of Park Slope over the past decade. All eight employees, including its three founding partners, Rebekah Carver, Jan Rosenberg and DeAnna Lenhart, will join Douglas Elliman and will continue to work from their locations at 207 Cortelyou Road in Ditmas Park and 43 Fifth Avenue in Park Slope, which will now be branded as Douglas Elliman locations.

“We are excited to be joining forces with the dedicated agents and founders of Brooklyn Hearth,” said Max Dobens, Senior Regional Executive Manager of Sales in Brooklyn for Douglas Elliman. “Their company values and philosophy align with ours: they really care about their clients and the neighborhoods in which they both live and work.”

Douglas Elliman’s other new Brooklyn offices will open in Bedford-Stuyvesant at 308 Malcolm X Boulevard in August, and in Williamsburg at 280 Metropolitan Avenue in November.

As part of a continuing growth strategy aimed at representing and serving the needs of clients, the acquisition and expansion will add dynamic new communities to Douglas Elliman’s national network of more than 6,500 professionals across 90 offices nationwide.

Beginning in 2004, Brooklyn Hearth helped ignite the once dormant co-op market in Ditmas Park and attracted new inhabitants by putting urban research about local Brooklyn neighborhoods into action. Rosenberg, a sociologist and former professor at Long Island University inBrooklyn, started the firm after she, along with others in the community, realized the neighborhood needed more vitality and new residents. She began a new career as a broker by starting Brooklyn Hearth and soon afterwards, Lenhart and Carver became involved with the business and became her partners in 2007. “After over a decade of rolling up our sleeves and growing the real estate transactions —both residential and commercial in Ditmas Park and Kensington — we're ready fora larger platform and support in which to do the work we love,” said Rosenberg,along with, Carver and Lenhart. All three reside in Ditmas Park.

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