Terra Holdings, LLC, the parent company of Brown Harris Stevens, is one of America's largest privately-held real estate services companies. Terra Holdings is the market leader in luxury residential real estate sales, rentals and property management in New York City as well as a leader in commercial property services, appraisals, consulting and insurance. With a total staff of more than 1,000, Terra Holdings is the parent of a group of nine major real estate companies that provide a broad spectrum of services to clients in the Metropolitan New York area and Florida with access to buyer and sellers throughout The United States and around the world.

Terra Holdings is New York city's largest residential brokerage firm – with $3.179 billion in annual residential property sales (as reported in Crain's New York Business, March 11, 2002) – and the premier manager of luxury cooperative and condominium buildings, serving a portfolio comprising more that 175 properties that include many of Manhattan's most prestigious addresses.

Terra Holding' companies include Brown Harris Stevens, founded in 1873, one of New York City's oldest and largest luxury residential and commercial real estate service providers, with offices throughout Manhattan and in Palm Beach, Florida: Halstead Property, another market leader and a significant innovator in residential brokerage and property management with more than 600 brokers.

Brown Harris Stevens is the exclusive affiliate of Christie's Great Estates in its markets, making available to clients the incomparable worldwide resources of this preeminent international luxury property firm with more than 7,500 residential sales brokers in 37 countries. The Brown Harris Stevens Commercial division offers services both for office and industrial tenants in Manhattan and on Long Island as well as retail and medical space.

The Terra Holdings headquarters is located in the Brown Harris Stevens Building at 770 Lexington Avenue where the constituent companies are served by a powerful central organization of 200 seasoned, knowledgeable professionals. This team provides expertise and support in a variety of disciplines, including finance, law, accounting, information technology, research, and human resources, and is equipped with a state-of-the-art computer and communications infrastructure that has consistently been the most sophisticated in the industry.

The Terra Holdings group is organized to support the agility and focus of its individual operating companies with the strength and reach of the parent. Its members all share their enormous wealth of combined experience, information and data as top companies in their respective fields. Terra Holdings also draws on these resources in authoritative and highly regarded reports and analyses of the residential real estate market, which are issued periodically. Terra Holdings executives are respected leaders in their profession. In just the last two years, nine have been honored by the Real Estate Board of New York with awards for outstanding professional achievement, and the presidents of two Terra Holdings companies serve as governors of the Board.

The principals of Terra Holdings include David A. Burris, Kent M. Swig, Arthur W. Zeckendorf and William Lie Zeckendorf, with Allied Partners. All are major figures in their own right as developers, investors and owner/managers of many significant commercial, residential and hotel properties in New York and throughout the United States. When they acquired Brown Harris Stevens, as only it third owners in a century and a half, they brought to its distinguished history their own extraordinary family traditions in real estate.

The Zeckendorf name has been associated for three generations with trend-setting large-scale development projects in New York and in many other North American locations. William Lie and Arthur W. Zeckendorf, as principals of Zeckendorf Realty, L.P., in association with The Whitehall Fund, have recently completed the $150 million development of 515 Park Avenue, a 43 –story condominium that is the most luxurious apartment house built in Manhattan in more than 50 years and commanded the highest per-square-foot prices in Manhattan real estate history. They have been active in development of $1 billion of real estate projects as well as significant acquisitions.

The Swig family carries forward its own venerable tradition. Kent Swig is a principal in the family-owned Swig Investment Company whose real estate and hotel portfolio includes more that 11 million square feet of prime commercial office space throughout the United States as well as two hotels in the prestigious Fairmont Hotels chain. He and Mr. Burris founded Swig Burris Equities, LLC, which, among other varied real estate enterprises, has completed a major renovation of the landmark 320,000-square-foot office building at 48 Wall Street.