HHC

We recently added to our position in the Howard Hugest Corporation. The company continues to trade at an attractive discount to our long term estimate of fair value. Our investment thesis remains firmly intact. Howard Hughes Corporation possesses a very attractive, long-term oriented business model. The company was spun off from General Growth Properties following … Read more

The Howard Hughes Corporation specializes in developing master planned communities (MPCs); owning, managing, and redeveloping revenue-generating commercial real estate; and developing other real estate assets in form of entitled and unentitled land and residential condominium projects—for example, putting its assets to a higher and better use. Investment Thesis Howard Hughes emerged as a public company … Read more