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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 Real Estate LLC, the largest
residential real estate brokerage company in the New York residential
area, 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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