Kennedy Lewis Investment Management completed the $50m investment in Douglas Elliman.

Kennedy Lewis Investment Management, a credit-focused alternative asset management firm, completed the $50m investment in Douglas Elliman, a residential brokerage company. “Kennedy Lewis’ investment in Douglas Elliman is a testament to our agents, business model and strategic plan. With deep experience in residential real estate, we are pleased Kennedy Lewis has chosen to support Douglas Elliman’s strategic initiatives and look forward to tapping into the firm’s network and knowledge base as we work together to drive long-term stockholder value. We are also encouraged by stronger performance in the second quarter of 2024 compared to the prior quarter,” Howard M. Lorber, Douglas Elliman Chairman and CEO.