M&A Deal Summary

Douglas Elliman Acquires Teles Properties

On August 2, 2017, Douglas Elliman acquired real estate company Teles Properties

Acquisition Highlights
  • This is Douglas Elliman’s 4th transaction in the Real Estate sector.
  • This is Douglas Elliman’s 4th transaction in the United States.
  • This is Douglas Elliman’s 1st transaction in California.

M&A Deal Summary

Date 2017-08-02
Target Teles Properties
Sector Real Estate
Buyer(s) Douglas Elliman
Deal Type Add-on Acquisition

Target

Teles Properties

Beverly Hills, California, United States
Teles Properties, Inc. is a provider of real estate services including marketing, buying and selling of residential and commercial properties. Teles Properties, Inc. was founded in 2007 and is based in Beverly Hills, California.

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Buyer(S) 1

Buyer

Douglas Elliman

New York, New York, United States

Category Company
Founded 1911
Sector Real Estate
DESCRIPTION

Douglas Elliman LLC is a residential real estate company nationwide. With more than 6,500 agents, the company operates approximately 90 offices in Manhattan, Brooklyn, Queens, New Jersey, Long Island, the Hamptons & North Fork, Westchester, Greenwich, South Florida, Colorado and Beverly Hills. Moreover, Douglas Elliman has a strategic global alliance with London-based Knight Frank Residential for business in the worldwide luxury markets spanning 59 countries and six continents.


DEAL STATS #
Overall 4 of 4
Sector: Real Estate M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-23 Brooklyn Hearth Realty

Brooklyn, New York, United States

Brooklyn Hearth Realty is a provider of real estate services. The company provides services to home buyers, sellers and investors in Ditmas Park, Windsor Terrace and sections of Park Slope over the past decade.

Buy -