New Valley Realty is the real estate investment subsidiary of New Valley LLC, a wholly owned subsidiary of Vector Group Ltd (NYSE: VGR.) New Valley invests in a wide range of asset classes that present unique opportunities for high returns and large investment multiples. Our investments include new ground up developments, renovations of existing properties, conversions of office and rental properties to condominiums, underperforming assets in need of capital to improve returns, land development and sales, resort and urban hotels, core rental buildings, and unique retail opportunities.
The projects are located in exceptional, irreplaceable, high barrier to entry locations. Our major markets are primarily Manhattan, the NYC metropolitan region, and Florida (Miami/Dade and Broward counties) though we are not geographically restricted.
New Valley’s partners are best in class in their respective markets and asset categories. Our investments generally retain strong managing partners who operate the properties and implement the respective business plans, enabling New Valley to diversify broadly and quickly when opportunities arise.
All of our “for sale” residential real estate investments retain Douglas Elliman, the dominant real estate brokerage company in the NYC and Miami metropolitan areas and also owned by New Valley LLC.