Prudential Douglas Elliman Expands Global Presence Via Joint Referral Agreement With Knight Frank Residential
NEW YORK, May 16, 2011 /PRNewswire/ -- Prudential Douglas Elliman Real Estate, New York's largest residential brokerage and the fourth largest real estate company in the US, and Knight Frank Residential, the world's largest privately owned global property agency and consultancy, have entered into an exclusive strategic partnership for residential business in New York City, Long Island including the Hamptons, and now Westchester. Our global network with Knight Frank Residential brings over 12,500 of the world's best properties both for sale and to rent to our client's fingertips and most importantly enables unparalleled exposure of our exclusive listings in New York to a global audience. The International Global Search Feature attracts over 1 million visitors per month from 202 countries. This mutually beneficial agreement will bolster Prudential Douglas Elliman's global reach and allow Knight Frank Residential to expand their services into the United States.
"Knight Frank Residential is one of the world's most prestigious real estate firms and we're thrilled about this partnership with them," said Dottie Herman, President & CEO of Prudential Douglas Elliman. "With this relationship, we truly reinforce our global presence. We will be able to assist our clients well beyond the New York area," added Howard M. Lorber, Chairman of Prudential Douglas Elliman. Both Prudential Douglas Elliman and Knight Frank Residential anticipate significant business opportunities while strengthening their respected international customer service capabilities.
"We selected Prudential Douglas Elliman because they can provide our clients with access to the best properties in New York. Our companies share similar values and business practices to ensure the highest level of service for our clients," said Patrick Ramsay, Managing Partner of Knight Frank Residential.
Under this agreement, Prudential Douglas Elliman clients interested in acquiring, renting or selling international properties will be placed in the trusted hands of Knight Frank Residential, which has a global network encompassing 38 countries across six continents. Conversely, Knight Frank Residential will place their clients with the highly qualified agents of Prudential Douglas Elliman within their areas of New York City, Long Island, including the Hamptons and Westchester. Prudential Douglas Elliman is the number one company in the entire Prudential Network and is ranked among the top four real estate companies in the United States. Prudential Douglas Elliman is now designated as the official Knight Frank Residential affiliate within the State of New York.
Knight Frank Residential already has a separate commercial real estate relationship with Newmark which focuses solely on commercial business in New York.
About Prudential Douglas Elliman
Prudential Douglas Elliman Real Estate is New York's largest residential brokerage, with over 60 offices stretching from Manhattan to Montauk, and most recently expanded operations into Westchester. They have more than 3,800 real estate agents and a network of national and international affiliates. Prudential Douglas Elliman ranked in the top four of all real estate companies in the nation in 2007, 2008, and 2009 and is the number one Prudential affiliate in the network. The company also controls a portfolio of real estate services, including Manhattan's largest residential property manager, Douglas Elliman Property Management, as well as PDE Title, DE Capital Mortgage and Relocation and Destination Services. For more information on Prudential Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, visit the Prudential Douglas Elliman site at www.elliman.com.
SOURCE Prudential Douglas Elliman Real Estate
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