Item 2. Properties
ITEM 2. PROPERTIES.
We conduct our principal business activities in facilities leased from unrelated parties at market rates. Our headquarters are located in Boca Raton, Florida. Our operating subsidiaries have properties which are material to the conduct of their business as noted below. In addition, our Capcos maintain offices in each of the states in which they operate.
Below is a list of our leased offices and space as of December 31, 2023 which are material to the conduct of our business:
Location Lease expiration Purpose Approximate square feet
4800 T Rex Avenue
Boca Raton, FL 33431 April 2026 Corporate headquarters and NSBF lending operations 7,800
1981 Marcus Avenue
Lake Success, NY 11042 April 2027 Lending operations, corporate operations, NY Capco offices and subsidiaries’ offices
44,800
14 East Washington Street
Orlando, FL 32801 Month to Month
Lending operations
1,700
1111 Brickell Avenue, Suite 135
Miami, Florida 33131 February 2027 Main office Newtek Bank
1,800
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