Douglas Elliman has announced a $50 million growth investment from Kennedy Lewis Investment Management. The investment comes in the form of senior secured convertible notes due July 2, 2029, with a 7.0% cash interest or 8.0% paid in kind. Preliminary Q2 gross transaction value is estimated between $10.25 billion and $11.25 billion, indicating a strong cash position. The investment will be used to fuel strategic growth and expansion, and Kennedy Lewis will gain the right to nominate one director to Douglas Elliman's board.