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The Miami Heat are an American professional basketball team based in Miami, Flordia. The team is a member of the Southeast Division in the Eastern Conference of the National Basketball Association (NBA). They play their home games at the American Airlines Arena in Downtown Miami. An expansion team formed in 1988, the Miami Heat began their early years with much mediocrity, only making the playoffs two times in their first eight years and falling in the first round both times. Formed in 1988 as one of the NBA's four expansion franchises, the Heat have won three league championships (in 2006, 2012 and 2013), five conference titles and 11 division titles. From February 3 to March 27, 2013, the Heat won 27 games in a row, the second-longest streak in NBA history (after the Los Angles Lakers' 33 wins). In 2013, Forbes valued the Heat at $625 million, sixth-most-valuable among NBA franchises. The Heat are not related to the Miami Flordians, an ABA team in the early 1970s, although the Heat have occasionally paid tribute to the older franchise