New Valley LLC, a wholly-owned subsidiary of Vector Group Ltd., in engaged in the real estate business and owns Douglas Elliman Realty, LLC. It also owns interests in numerous real estate projects across the United States and is seeking to acquire or invest in additional real estate services, technologies, properties or projects. New Valley has a 100% 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 sixth-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, the largest residential real estate brokerage company in the New York residential area and Douglas Elliman Property Management, a leading manager of rental, cooperative and condominium housing in the New York Metropolitan area. The principal executive office of New Valley is located at 4400 Biscayne Boulevard; 10th Floor, Miami, Florida 33137 and the telephone number is (305) 579-8000.