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New Valley LLC, a Delaware limited liability company, is engaged in the
real estate business and is seeking to acquire additional operating
companies. New Valley has a 50% ownership interest in Douglas Elliman
Realty LLC, which operates the largest residential real estate brokerage
company in the New York metropolitan area and is the fourth-largest
residential real estate brokerage company in the United States based on
closed sales volume by the Real Trends broker survey. Douglas Elliman
Realty LLC owns Douglas
Elliman LLC, the largest residential real estate brokerage
company in Manhattan, Prudential Douglas Elliman Realty, the largest
real estate brokerage company on Long Island, Douglas Elliman
Property Management, a leading manager of rental, co-op and
condominium housing in the New York Metropolitan area and 49% of DE Capital Mortgage, a residential mortgage
broker. The principal executive office of New Valley is located at 100
S.E. Second Street, Miami, Florida 33131, and the telephone number is
(305) 579-8000.
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