Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

24. Subsequent Events

Fourth Quarter 2013 Dividend

On February 11, 2014, the Company’s Board of Directors declared a quarterly cash dividend of $0.12 per share for the fourth quarter of 2013, payable on March 13, 2014 to Class A and Class B common stockholders of record as of February 27, 2014.

Controlled Equity Offering

Since December 31, 2013, the Company issued, pursuant to its controlled equity offering, 1.6 million shares of Class A common stock related to redemptions and exchanges of limited partnership interests as well as for general corporate purposes.

Repurchases

Since December 31, 2013, the Company has repurchased an aggregate of approximately 1.7 million shares of its Class A common stock at an aggregate purchase price of approximately $10.9 million for an average price of $6.45 per share.

Acquisitions

On January 21, 2014, the Company announced that it had entered into a definitive agreement to acquire the business of Cornish & Carey Commercial, Inc., the leading full-service commercial real estate services company in the San Francisco Bay area and Silicon Valley. The Company believes that this is a key strategic addition for NGKF in the fundamentally important Northern California marketplace.

On February 14, 2014, the Company completed the acquisition of HEAT Energy Group, an independent over-the-counter energy brokerage company focused on the regional term power markets and natural gas swaps.