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About
The Howard Hughes Corp. engages in the development of master planned communities (MPC) and mixed-used properties. It operates through the following segments: MPC, Operating Assets, and Strategic Developments. The MPC segment consists of the development and sale of residential and commercial land, primarily in large-scale projects. The Operating Assets segment consists of properties, investments, and other assets, such as retail, office, multi-family, and hospitality properties. The Strategic Developments segment comprises of other real estate assets in the form of entitled and unentitled land and residential condominium developments. The company was founded on November 9, 2010 and is headquartered in Dallas, TX. | |||
Description
The Howard Hughes Corporation develops and operates master planned communities, and mixed-use and other real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land. It sells residential land designated for detached and attached single family homes ranging from entry-level to luxury homes to home builders; and commercial land parcels designated for retail, office, resort, high density residential projects, services, and other for-profit activities, as well as parcels designated for use by government, schools, and other not-for-profit entities. This segment owns approximately 12,000 acres of land. The Operating Assets segment owns 13 retail and 24office properties, 6 multi-family buildings, 4 hospitality properties, and 7 other operating assets and investments. The Strategic Development segment comprises residential condominium and commercial property projects. The company was founded in 2010 and is headquartered in Dallas, Texas. | |||
