Douglas Ellliman acquired Miami Beach-based real estate company Majestic Properties, the firm announced today.
As a part of the deal, Majestic’s Jeff Morr and his team — the firm’s top-producing group of agents — will be absorbed into the daily operations of Douglas Elliman’s Florida business.
“The acquisition of Majestic Properties is a prime opportunity to expand our network of agents with some of the best in the market,” Jay Parker, CEO of Douglas Elliman’s Florida brokerage, said. “Under Jeff’s leadership, Majestic has been one of the area’s premiere boutique operations for the past 20 years. We recognize how his insight and experience will help us reach our end goal to provide the strongest resources possible to buyers, sellers, and developers.”
Morr is credited with selling more than 3,000 condominiums valued at over $3 billion over the last 25 years.
“I started Majestic Properties in 1995. After two wonderful decades, I have decided to relinquish my management responsibilities and to focus on my favorite part of the business: brokering substantial residential and commercial transactions,” Morr said. “Douglas Elliman was my only choice when contemplating a new home for myself and for my agents.” — Christopher Cameron