Howard Hughes Holdings Inc.

Howard Hughes Holdings Set to Join S&P SmallCap 600

CRH plc completed its acquisition of Arcosa (NYSE: ACA), with the deal closing on October 23, 2026. As a result, Arcosa will be deleted from the S&P SmallCap 600 effective prior to the open on October 28, with Howard Hughes Holdings (HHH) replacing it in the index. For ACA shareholders, the acquisition close marks the end of public trading in the stock.

•2d ago

Vantage Announces Appointment of Lucy Fato as General Counsel

Vantage Group Holdings, the re/insurance subsidiary acquired by Howard Hughes Holdings in June 2026, appointed Lucy Fato as its new General Counsel. Fato brings over three decades of legal and compliance experience, having previously served as Vice Chair and General Counsel of AIG and GC of S&P Global. She succeeds Bobbi Anderson and will serve as a strategic advisor to Vantage Executive Chairman Marc Grandisson, bolstering the subsidiary's leadership team as it integrates under HHH ownership.

•2mo ago

Howard Hughes Holdings Inc. Reports Second Quarter 2026 Results

Howard Hughes Holdings reported Q2 2026 net income attributable to common stockholders of $158.4 million, swinging from a net loss in the prior-year period. The quarter was highlighted by the June 4 closing of the $2.1 billion acquisition of Vantage Group Holdings, a specialty insurance and reinsurance company, which was partially funded by $1.0 billion of preferred stock issued to an affiliate of Pershing Square. Core real estate operations showed resilience, with Master Planned Communities EBT rising 32% year-over-year to $134.7 million and Total Operating Assets NOI increasing to $70.5 million.

•2mo ago

HHH: SCHEDULE 13D/A · offering registration

Howard Hughes Holdings Inc. filed an amended Schedule 13D disclosing a subscription agreement with Pershing Square Capital Management, L.P. (William Ackman) for 140,000 shares of Series A Non-Voting Exchangeable Perpetual Preferred Stock. The transaction values the preferred shares at approximately $7,142.86 per share, resulting in gross proceeds of roughly $1 billion to the issuer. The capital raised is designated as an equity commitment to fund the acquisition of Vantage Group Holdings Ltd. by a Howard Hughes subsidiary, InsuranceCo. This structure allows Pershing Square to provide the necessary equity capital for the deal while receiving preferred equity with exchange rights into InsuranceCo common units. The filing includes a Voting Proxy Agreement and Registration Rights Agreement, granting Pershing Square significant influence and liquidity rights. Howard Hughes has also agreed to reimburse Pershing Square for transaction expenses up to a $4.5 million cap, underscoring the strategic importance of this partnership.

SEC SCHEDULE 13D/A•4mo ago

REG-Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. Announces Completion of Investment in Howard Hughes Holdings Inc. Preferred Stock

Howard Hughes Holdings completed its acquisition of Vantage Group Holdings, a specialty insurance and reinsurance company, for approximately $2.1 billion in cash. The deal was financed using HHH's cash on hand and a $1 billion subscription for non-voting perpetual preferred stock by Pershing Square Holdings, HHH's largest shareholder. Pershing Square now holds ~28% of HHH common stock and ~46.9% total ownership, with the preferred stock offering a repurchase option tied to book value growth or a 4% annual compounded return.

•4mo ago

Vantage Group Holdings Completes Acquisition by Howard Hughes Holdings

Howard Hughes Holdings completed its acquisition of Vantage Group Holdings in an all-cash transaction valued at approximately $2.1 billion. The deal marks the closing of HHH's transformation into a diversified holding company, with Vantage serving as the cornerstone of its new insurance platform. HHH will provide a $200 million capital infusion to support Vantage's balance sheet, while Pershing Square Capital Management will manage the investment portfolio on a fee-free basis.

•4mo ago

Pershing Square Holdings, Ltd. Announces Completion of Investment in Howard Hughes Holdings Inc. Preferred Stock

HHH completed its $2.1 billion cash acquisition of Vantage Group Holdings, a privately held specialty insurance and reinsurance company being sold by Carlyle and Hellman & Friedman. The acquisition was financed by a combination of HHH's cash on hand and a $1 billion investment by Pershing Square Holdings in non-voting exchangeable perpetual preferred stock. The preferred stock ranks pari passu with HHH common stock and is split into 14 tranches that HHH can repurchase at a price equal to the greater of 1.5x book value or the original price plus a 4% annual increase. Pershing Square entities collectively own approximately 46.9% of HHH's common stock, with PSH alone owning about 28%.

•4mo ago

Howard Hughes Holdings Announces Closing of Vantage Group Holdings Acquisition

Howard Hughes Holdings (HHH) completed the $2.1 billion acquisition of Vantage Group Holdings, anchoring its transformation into a diversified holding company focused on real estate and specialty insurance. Pershing Square will manage Vantage’s investment portfolio on a fee-free basis, aiming to enhance investment returns and drive long-term value creation for HHH shareholders. The transaction was financed using cash on hand and $1 billion of non-voting exchangeable perpetual preferred stock issued to Pershing Square Holdings.

•4mo ago

The Park Ward Village® Opens, Underscoring Strong Demand For Design-Driven Living

Howard Hughes Communities opened The Park Ward Village, the ninth residential tower in its Honolulu master-planned community, with 97% of units pre-sold. The 546-home tower includes over 30,000 square feet of retail and dining space, contributing to the community's mixed-use vision. Management expects the project to generate more than $700 million in GAAP revenue recognition, underscoring strong demand and execution in a high-barrier market.

•4mo ago

Howard Hughes Holdings Inc. Reports First Quarter 2026 Results

Howard Hughes reported Q1 revenue of $235.9 million, up 18.4% year-over-year, driven by a 33% jump in Master Planned Communities EBT to $84.4 million. Operating Assets NOI grew 2% to $73.1 million, while the company maintained a strong liquidity position with $1.8 billion in cash. The $2.1 billion acquisition of specialty insurer Vantage remains on track to close in Q2, marking a strategic pivot to a diversified holding company structure.

•5mo ago