Howard Hughes Holdings Inc.

Howard Hughes Holdings Inc. (NYSE: HHH) is a holding company that owns The Howard Hughes Corporation, a large-scale mixed-use real estate development platform. The company operates through three primary business segments: Operating Assets, Master Planned Communities (MPCs), and Strategic Developments. The company's website is www.howardhughes.com.

The Operating Assets segment comprises 77 properties including 13 retail properties, 37 office properties, 18 multifamily properties, and 9 other operating properties or investments, representing approximately 9.3 million square feet of retail and office space and 5,855 multifamily units. These assets are concentrated within the company's MPCs, providing competitive advantages through scale and operational synergies.

The Master Planned Communities segment develops and manages large-scale, mixed-use communities across five states. The portfolio includes Summerlin in Las Vegas, The Woodlands, The Woodlands Hills, and Bridgeland in the Houston region, and Teravalis in the Phoenix region. These communities encompass approximately 101,000 gross acres, with approximately 34,000 acres available for sale or development. The company generates revenue through the sale of finished lots and undeveloped superpads to residential homebuilders and developers, as well as commercial land sales and builder price participation arrangements.

The Strategic Developments segment consists of various development and redevelopment projects, including condominium towers at Ward Village in Hawai'i and The Woodlands. As of December 31, 2025, five properties were under construction and not yet placed into service. The company has opened or started construction on 11 condominium towers with approximately 99 percent of units sold or pre-sold.

The company employs approximately 500 individuals across various U.S. locations. In 2025, the company began executing a strategy to transition from a pure-play real estate company to a diversified holding company. In May 2025, the company sold 9 million newly issued shares to Pershing Square for $900 million. In December 2025, the company announced a definitive agreement to acquire Vantage Group Holdings Ltd., a specialty insurance and reinsurance company, for approximately $2.1 billion, expected to close in the second quarter of 2026.