Industry Leader Builds on Decades of
Commitment to Transparency, Sustainability,
and Inclusivity
HOUSTON, Oct. 4, 2023
/PRNewswire/ -- Howard Hughes Holdings Inc. (NYSE: HHH) has
published its 2022 Communities Report, detailing the company's
decades-long commitment to inclusivity, sustainability, and
transparency through a look at initiatives and performance in 2022
that reinforce the company's thoughtful and innovative approach to
development.
For over 50 years, responsible stewardship has been at the core
of the Howard Hughes legacy—an essential component of ensuring the
long-term, sustainable growth of communities that today include
more than 387,000 residents spanning approximately 118,000 gross
acres across six regions. Howard Hughes operates the country's
leading portfolio of large-scale, mixed-use master planned
communities, including The
Woodlands® in Texas, which became in 2022 the world's
largest master planned community to achieve LEED Precertification
for excellence in sustainable development.
"At our foundation we are community builders, known for creating
the outstanding places where families want to live and businesses
choose to thrive," said David R.
O'Reilly, Chief Executive Officer of Howard Hughes. "This
report reflects the dedicated efforts of hundreds of team members
across the country—people who are not just employees but residents
and active participants in our communities, working to deliver a
positive impact so we can continue to meet the needs of how people
want to live, today and for generations to come."
Across its portfolio, the company has certified more than 90
buildings and spaces through voluntary frameworks like LEED and
ENERGY STAR, independently verifying the use of green building
strategies that promote environmental and occupant health. Howard
Hughes also uses industry-leading benchmarks such as the Global
Real Estate Sustainability Benchmark (GRESB) as well as globally
recognized frameworks including Global Reporting Initiative (GRI)
and Task Force on Climate-related Financial Disclosures (TCFD) to
communicate the impact of its business.
"Building best-in-class communities requires a thoughtful,
collaborative, and proactive approach—one that has the inherent
flexibility to adapt to advances in innovation and the opportunity
to effect positive change," said Gautami
Palanki, Senior Vice President, ESG Strategy at Howard
Hughes. "We plan and design all of our communities, not simply to
check a box in alignment with industry benchmarks and standards,
but to look ahead and be models for innovation, conservation, and
connection, with over 14,000 acres of open and green spaces that
Howard Hughes curates with year-round programs fostering social
cohesion."
The Howard Hughes 2022 Communities report is available for
download and review on the Howard Hughes website.
About Howard Hughes Holdings Inc.
Howard Hughes
Holdings Inc. owns, manages, and develops commercial, residential,
and mixed-use real estate throughout the U.S. Its award-winning
assets include the country's preeminent portfolio of master planned
communities, as well as operating properties and development
opportunities including: the Seaport in New York City; Downtown Columbia® in Maryland; The
Woodlands®, Bridgeland® and The
Woodlands Hills® in the Greater Houston, Texas area;
Summerlin® in Las
Vegas; Ward
Village® in Honolulu, Hawaiʻi; and Teravalis™ in the
Greater Phoenix, Arizona area. The
Howard Hughes portfolio is strategically positioned to meet and
accelerate development based on market demand, resulting in one of
the strongest real estate platforms in the country. Dedicated to
innovative placemaking, the company is recognized for its ongoing
commitment to design excellence and to the cultural life of its
communities. Howard Hughes Holdings Inc. is traded on the New York
Stock Exchange as HHH. For additional information visit
www.howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical
facts, including statements accompanied by words such as "will,"
"believe," "expect," "enables," "realize," "plan," "intend,"
"assume," "transform" and other words of similar expression, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on management's expectations, estimates, assumptions, and
projections as of the date of this release and are not guarantees
of future performance. Actual results may differ materially from
those expressed or implied in these statements. Factors that could
cause actual results to differ materially are set forth as risk
factors in filings made by Howard Hughes Holdings Inc. with the
Securities and Exchange Commission, including its Quarterly and
Annual Reports. Howard Hughes Holdings Inc. cautions you not to
place undue reliance on the forward-looking statements contained in
this release. Howard Hughes Holdings Inc. does not undertake any
obligation to publicly update or revise any forward-looking
statements to reflect future events, information or circumstances
that arise after the date of this release.
Media Contact
Cristina Carlson, 646-822-6910
SVP, Head of Corporate Communications
cristina.carlson@howardhughes.com
Investor Relations Contact
Eric Holcomb, 281-475-2144
SVP, Investor Relations
eric.holcomb@howardhughes.com
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SOURCE Howard Hughes Holdings Inc.