Douglas Elliman Property Management

What Douglas Elliman Property Management does

Douglas Elliman Property Management (DEPM) is a New York City-based residential property management firm founded in 1911, claiming the title of the oldest property management company in NYC and the #1 ranking among NYC residential management firms by portfolio size. The firm manages over 380 co-op, condo, and rental properties encompassing more than 56,000 units across the five NYC boroughs, Long Island, Westchester County, and Northern New Jersey, serving co-op boards, condo associations, rental property owners, and individual investors (including foreign buyers). Its service portfolio spans budgeting and financial reporting, regulatory compliance tracking, risk management, energy efficiency monitoring aligned with NYC climate mandates, in-house closings and transfers, and ancillary brokerage, title (DE Title), and mortgage consultation services.

The platform is built on third-party property management technology — primarily Yardi (Yardi, Yardi 7s, YardiOne) for financial and building management, and Domecile for the resident-facing properties and applications portal — supplemented by Microsoft Office 365 for communications. Residents access a fully digital interface for maintenance payments, service requests, package notifications, and online financial reports with electronic board approvals; DEPM does not maintain a native mobile app or proprietary AI systems. There is no evidence of API exposure, MCP availability, or in-house AI/ML capabilities; the technology posture is digital workflow orchestration on top of incumbent enterprise property management software.

DEPM operates a sales-led, relationship-driven GTM targeting property owners, co-op boards, and condo associations through direct executive outreach and referrals, with the Individual Unit Management division specifically targeting local and foreign investors via a dedicated Investor Relations Manager. The revenue model is predominantly recurring subscription-style management fees supplemented by transaction-based fees from closings, lease renewals, refinancing, affiliated brokerage, title insurance, and mortgage services; pricing is quote-based and not publicly disclosed. In October 2025, Douglas Elliman sold the property management business to PMG Holdings (an Associa subsidiary) for $85 million with a five-year brand licensing agreement, allowing the acquirer to operate under the Douglas Elliman brand while the parent brokerage pivots to an asset-light, globally scalable model.

Name

Douglas Elliman Property Management

Legal name

Douglas Elliman Property Management

Website

https://ellimanpm.com

Company type

Private

Founded year

1911

Operating status

Operating

Headcount range

101–250 employees

Short description

Douglas Elliman Property Management is the oldest and #1-ranked residential property management firm in New York City, managing over 380 co-op, condo, and rental properties comprising 56,000+ units across the NYC metro area for boards, owners, and individual investors.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Residential property management
• Co-op and condo management
• Rental property management
• Building financial reporting
• Closing and transfer services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Management Fees: Recurring management fees from co-op, condo and rental properties under management. Services include budgeting, compliance tracking, risk management, and financial reporting.
2. Closing and Transfer Services: In-house closing department overseeing apartment sales, lease renewals, refinancing and transfers with dedicated closing agents for each client.
3. Affiliated Services (Brokerage, Title, Mortgage): Revenue from affiliated divisions including brokerage services, title insurance services through DE Title, and mortgage consultation services.
4. Individual Unit Management: Customized property management services for individual investors including local and foreign investors in NYC real estate market.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Douglas Elliman Property Management provides full-service residential property management for co-ops, condos, and rental properties throughout the New York City metro area. Core services include budgeting and finance, compliance tracking, risk management, energy efficiency monitoring, online resident services, and an in-house closing department handling apartment sales, lease renewals, refinancing, and transfers. Affiliated divisions provide brokerage, title insurance, and mortgage/refinancing services, with each property receiving a dedicated managing agent supported by senior management and back-office staff.

Product overview

Douglas Elliman Property Management (DEPM) operates as a unified property management platform offering comprehensive residential management services for co-ops, condos, and rental properties across New York City and surrounding areas. The platform manages over 380 properties with approximately 56,000 units. Core services include property management, budgeting and financial reporting, compliance tracking, risk management, and energy efficiency monitoring. The product portfolio integrates ancillary services through affiliated divisions covering Brokerage, Title, and Mortgage, while the Closing Department handles sales, leasing, and refinancing transactions. Individual Unit Management provides customized services for property investors. The platform provides complete online digital services including maintenance payment processing, service request submission, financial report access, and package notifications through integrated third-party property management systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Management Core Services Full-service residential property management for co-op boards, condo associations, and rental property owners in the NYC metro area, including budgeting, financial reporting, compliance tracking, risk management, energy efficiency monitoring, and online resident services. Each property is assigned a dedicated managing agent with senior-management and back-office support.
• Closing Department Services In-house closing department overseeing apartment sales and closings, lease renewals, online applications, refinancing, and ownership/lease transfers, with dedicated closing agents assigned to each client transaction.
• Individual Unit Management Customized single-unit property management services for local and foreign investors in the NYC real estate market, including financial reporting, tenant relations, and investment property optimization, supported by a dedicated Investor Relations Manager.
• Title Insurance Services Real property title services offered through affiliated DE Title, including a Title Insurance Calculator to estimate transaction costs for property purchases and refinancings.
• Mortgage and Refinancing Services Free mortgage consultation and online payment calculator to help property buyers obtain optimal rates and determine affordability when purchasing or refinancing property.
• Brokerage and Leasing Services Residential sales and leasing support across the NYC metropolitan area, including full leasing services from tenant screening through collections to lease renewals, delivered via affiliated DE Brokerage offices throughout New York City.
• Digital Resident Services Platform 100% digital interface for residents and board members to pay monthly maintenance fees, report errors, request services, receive package notifications, and review and electronically sign off on financial reports, integrated with Yardi and Domecile systems.

Quantifiable outcome

• Ranked #1 among New York City's residential management companies
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship, core and supporting.

• PMG Holdings (Associa subsidiary)flagshipStrategic or Co-development Partner · 24 October 2025Douglas Elliman sold its property management arm to PMG Holdings, a subsidiary of Associa, for $85 million. The deal includes a five-year licensing agreement allowing PMG to use the Douglas Elliman brand. This follows Elliman's recent financial struggles and industry consolidation activities.
• Yardi SystemscoreTechnology or IntegrationProperty management technology partner providing software platforms (Yardi, Yardi 7s, YardiOne) for building management, financial reporting, and client portal services. Multiple Yardi login portals referenced for different property management functions.
• DomecilecoreTechnology or IntegrationTechnology platform provider for building management and property applications. DEPM uses Domecile for properties and applications portal.
• DE BrokeragecoreChannel Partner/ Reseller/ DistributorAffiliated Douglas Elliman real estate brokerage providing referrals for property management services during property sales, purchases, and leasing transactions. Part of the Douglas Elliman network.
• DE TitlesupportingChannel Partner/ Reseller/ DistributorAffiliated title insurance services division providing comprehensive real property title services and title insurance calculator. Part of integrated property transaction services.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• FirstService Residential: Largest residential property manager in North America, directly competing with DEPM in NYC and across major U.S. metros with similar co-op, condo, and rental management services.
• Maxwell-Kates: NYC-based property management firm specializing in cooperatives, condominiums, and rental buildings, overlapping with DEPM's core customer segments.
• The Andrews Organization: Long-standing NYC residential property management firm serving co-op and condo boards in Manhattan and surrounding boroughs, directly comparable to DEPM.
• Halstead Management: NYC property management arm affiliated with Halstead Real Estate, providing residential management to co-op and condo boards in the same market as DEPM.
• Brown Harris Stevens Residential Management: Affiliated with the Brown Harris Stevens brokerage, manages NYC co-op and condo buildings with integrated brokerage referrals similar to DEPM's pre-divestiture model.
• Midboro Management: Manhattan-based residential property manager for co-op, condo, and rental buildings, competing with DEPM for NYC board contracts.
• Rose Associates: NYC-focused residential property manager handling co-op, condo, and rental properties in the five boroughs, directly competing with DEPM for the same board and owner clients.
• Cooper Square Realty: NYC-based residential property management firm providing management services to co-op and condo buildings across Manhattan and the surrounding boroughs.
• AKAM (Associated Real Estate Services): Full-service residential property manager in NYC metro providing co-op, condo, and rental management, with comparable scale and service scope to DEPM.

Broad incumbents

• Associa: Parent of the acquiring PMG Holdings; the largest U.S. community association management company. Not a direct competitor in NYC but now the corporate parent, making it a structurally relevant comparable.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/douglasellimanpropertymanagement
• Xx.com/ellimanpm
• LinkedInlinkedin.com/company/douglas-elliman-property-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Douglas Elliman Property Management