Howard Hughes, which has formed a committee to review any proposals from Pershing Square Holdings, has three master-planned communities in the Greater Houston area—The Woodlands, Bridgeland and The Woodlands Hills, according to its website. It develops residential, mixed-use and commercial real estate across the U.S., according to its website.
The details
According to the release, Pershing Square is the largest stockholder for Howard Hughes, owning 37.5% of the publicly traded Howard Hughes Holdings stock, and the company could purchase the remainder of the stock not owned by the company, according to the release.
If Pershing Square Holdings bought the remaining shares, it would take Howard Hughes Holdings private, according to the release.
Also of note
Pershing Square Holdings did not respond to a request from Community Impact for comment as of Sept. 24.
