Howard Hughes Holdings, founded in 2010 as a spin-off from General Growth Properties, is a publicly traded real estate development and management holding company headquartered in The Woodlands, Texas. With Bill Ackman’s Pershing Square Capital as a key investor holding approximately 46.9% of the shares and 40% of voting power, the firm operates through its principal subsidiary, The Howard Hughes Corporation, focusing on master-planned communities and mixed-use assets. The company’s core business consists of three segments: Master Planned Communities (MPCs), Operating Assets, and Strategic Developments, along with a newly spun-out Seaport Entertainment division. Its MPCs include prestigious developments such as The Woodlands (Houston, TX), Summerlin (Las Vegas, NV), Columbia (Maryland), Bridgeland (Houston, TX), Ward Village (Honolulu, HI), and Teravalis (Phoenix, AZ)—six large-scale projects that together encompass over 34,000 acres of undeveloped land. Howard Hughes also controls approximately 7 million square feet of office space, 2.6 million square feet of retail, and manages around 5,855 multi-family units in five states, including Texas, Nevada, Maryland, Hawaii, and New York. This diversification provides strong recurring income from long-term leases across varied asset types. Following a strategic review in 2019, the firm sold over $2 billion of non-core assets and refocused on its core MPC portfolio. In 2023, it reorganized under a holding company structure and launched Seaport Entertainment to consolidate its New York City waterfront holdings, positioning it for an anticipated spin-off.