Douglas Elliman Property Management

At a glance

Firm: Douglas Elliman Property Management (DEPM) Ownership: Owned by Associa (through its subsidiary PMG Holdings) since October 2025, when Douglas Elliman sold its property-management arm for $85 million per the company's SEC filing; the firm continues to operate under the Douglas Elliman name through a five-year brand-licensing agreement Role: Managing agent for cooperative and condominium buildings — now a separate company from the Douglas Elliman residential brokerage, with a continuing referral relationship between the two Office: 909 Third Avenue, 11th Floor, New York, NY 10022 (per the firm's current contact page) Scale: One of the larger managing agents in the New York metropolitan area; the firm's own application portal lists hundreds of buildings across Manhattan and beyond Official website: ellimanpm.com · Contact / executive team · general inquiries info@ellimanpm.com

Who Douglas Elliman Property Management is

Douglas Elliman Property Management is the managing-agent business that operates under the Douglas Elliman name — and since October 2025 the two are separate companies. Douglas Elliman sold DEPM to PMG Holdings, a wholly-owned subsidiary of Associa — one of the largest community-management companies in the country, founded in 1979 and headquartered in Texas — for $85 million, per the company's SEC filing. DEPM continues to operate under the Douglas Elliman name through a five-year brand-licensing agreement, and the brokerage and the management firm maintain a referral relationship. The practical distinction was always worth drawing, and now it is structural: the Douglas Elliman brokerage lists and sells apartments, while DEPM — an Associa company — serves as the third-party managing agent retained by co-op corporations and condominium boards to run day-to-day operations: staffing, budgeting, accounting and financial reporting, board support, and transfer/closing administration.

For boards and residents, the ownership change is worth watching rather than worrying about at this stage: the buildings, the assigned managers, and the transfer processes carried over, and the name on the letterhead is unchanged for the license term. Over time, Associa ownership may bring platform changes — accounting systems, portals, staffing models — which is a fair question for a board or a buyer's attorney to put to the managing agent directly.

DEPM's portfolio is large and spans a wide range of Manhattan co-ops and condominiums, from prewar Fifth and Park Avenue cooperatives to newer downtown condominiums. The firm's own online application system lists hundreds of buildings, which is consistent with a full-scale institutional managing agent. As always, individual buildings hire and change managing agents over time, so the current agent on any specific building should be confirmed directly.

For a buyer or seller, DEPM's scale means you can generally expect standardized board-package, accounting, and transfer processes — but the building-level experience (staffing, responsiveness, turnaround) still depends on the specific property manager assigned and the board's own rules, which are the things to verify.

Common diligence questions

These are questions to raise with the board, managing agent, and your attorney — not judgments about the firm. The answers vary building by building, even under the same managing agent.

• Board-package turnaround: How long does this building's managing agent typically take to acknowledge a completed board package and schedule an interview or (for condos) process the waiver of right of first refusal?
• Access to financials, reserves, and minutes: How quickly can your attorney obtain the current audited financial statements, the reserve-fund position, and recent board-meeting minutes for review?
• Responsiveness and staffing model: Is there an on-site resident manager and staff, or is the building run primarily off-site? Who is the assigned property manager, and what is the escalation path for building issues?
• Closing, waiver, and move-in handling: How does the agent coordinate the closing, the condo waiver or co-op consent, and move-in scheduling, deposits, and rules?
• Assessments and capital projects: Are there current or anticipated assessments, and what major capital projects (facade/Local Law 11, elevators, mechanicals, roof) are underway or planned?
• Flip-tax administration: If the building has a flip tax (transfer fee), how is it calculated, who pays it, and how is it collected at closing?
• Certificate of insurance (COI) process: What are the agent's COI requirements and lead times for movers and contractors, and how are alteration agreements handled?

The Roebling Team

Buying or selling in a building managed by Douglas Elliman Property Management? Request building-specific guidance →

Corey Cohen, Principal · The Roebling Team at Compass 646.939.7375 · c.cohen@compass.com

Management-company assignments, building policies, contacts and procedures can change. Buyers and sellers should verify current information with the building, managing agent, board materials, and counsel. This page reflects publicly available information and building records on file; The Roebling Team at Compass does not represent Douglas Elliman Property Management. © 2026 The Roebling Team at Compass.