Douglas Elliman assumes Miami HQ lease from Vector Group through 2028

Douglas Elliman Inc.

Assumed 12,390 SF office lease at 4400 Biscayne Blvd, Miami; base rent $44,035/month through April 2025.
Security deposit of $176,142 paid; rent increases 3.25% annually after April 2025.
Lease term runs through April 30, 2028; no renewal options or early termination allowed.
Audit Committee approved due to related-party relationship (Dr. Phillip Frost beneficial owner >5%).

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