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On the Record · Howard Hughes

Howard Hughes acquisitions, on the record

The businesses Howard Hughes bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
25% interest in JG Restaurant HoldCo LLC (Jean-Georges Restaurants)
Word for word“In March 2022, the Company acquired a 25 % interest in JG Restaurant HoldCo LLC (Jean-Georges Restaurants) for $ 45.0 million from JG TopCo LLC (Jean-Georges).” 10-K for 2023
acquisitionIn March 2022$ 45.0 million
Teravalis
Word for word“In October 2021, the Company acquired Teravalis, a new large-scale master planned community in the West Valley of Phoenix, Arizona.” 10-K for 2023
acquisitionIn October 2021—
50% interest in Trillium Development Holding Company, LLC (Floreo)
Word for word“In the fourth quarter of 2021, simultaneous with the Teravalis land acquisition, the Company closed on the acquisition of a 50 % interest in Trillium Development Holding Company, LLC (Floreo), for $ 59.0 million and entered into a Limited Liability Company Agreement (LLC Agreement) with JDM Partners and El Dorado Holdings to develop the first village within the new Teravalis MPC on 3,029 acres of land in the greater Phoenix, Arizona area.” 10-K for 2023
acquisitionIn the fourth quarter of 2021$ 59.0 million
The Outlet Collection at Riverwalk
Word for word“In June 2022, the Company completed the sale of the Outlet Collection at Riverwalk, a 264,080 -square-foot outlet center located in downtown New Orleans, Louisiana, for $ 34.0 million resulting in a gain on sale of $ 4.0 million, inclusive of $ 0.5 million in related transaction costs.” 10-K for 2023
divestitureIn June 2022$ 34.0 million
Ownership interest in 110 North Wacker
Word for word“In March 2022, the Company completed the sale of its ownership interest in 110 North Wacker for $ 208.6 million.” 10-K for 2023
divestitureIn March 2022$ 208.6 million
The Woodlands Resort, The Westin at The Woodlands, and Embassy Suites at Hughes Landing
Word for word“In September 2021, the Company completed the sale of The Woodlands Resort, The Westin at The Woodlands, and Embassy Suites at Hughes Landing for $ 252.0 million resulting in a gain on sale of $ 39.1 million, inclusive of approximately $ 2.9 million in related transaction costs.” 10-K for 2023
divestitureIn September 2021$ 252.0 million
Pershing Square Proposals / February 18 Pershing Square Proposal
Word for word“On February 18, 2025, Pershing Square announced that it had withdrawn the January 13 Pershing Square Proposal and submitted a modified proposal (the February 18 Pershing Square Proposal) under which it would purchase from HHH $900 million of HHH’s Common Stock for $90 per share.” 10-K for 2024
agreed divestiture—$900 million
Sale of MUD receivables
Word for word“In September 2024, the Company entered into a sales transaction of MUD receivables, in which it transferred the reimbursement rights to $ 186.0 million of existing MUD receivables and $ 9.3 million of related accrued interest, as well as $ 40.0 million of anticipated future MUD receivables, for total cash consideration of $ 176.7 million.” 10-K for 2024
divestitureSeptember 2024176.7 million
Waterway Plaza II office property and adjacent parking garage
Word for word“In June 2024, the Company acquired the Waterway Plaza II office property and the adjacent parking garage for $ 19.2 million in an asset acquisition.” 10-K for 2024
acquisitionJune 2024$ 19.2 million
Vantage Group Holdings Ltd.
Word for word“In December 2025, HHH announced that it had entered into a definitive agreement to acquire 100% of Vantage Group Holdings Ltd. (Vantage), a privately held specialty insurance and reinsurance company, for cash consideration of approximately $2.1 billion.” 10-K for 2025
agreed acquisitionIn December 2025approximately $2.1 billion
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$3.1 million

Deal filings since 2016

Read from Howard Hughes’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.