PHILADELPHIA, May 5, 2025: Morgan Lewis is representing Howard Hughes Holdings Inc. (HHH) in agreement with Pershing Square Holdco, LP and its subsidiary, Pershing Square Capital Management, LP, through which Pershing Square will invest $900 million to acquire 9,000,000 newly issued shares of HHH.
Following the investment, HHH will become a diversified holding company focused on acquiring controlling stakes in high-quality, durable growth, public and private operating companies while continuing to invest and grow its core real estate development and Master Planned Communities business. Pershing Square is the parent holding company of PSCM, a New York–based SEC-registered investment advisor to investment funds.
Partners Justin Chairman, Richard Aldridge, and Erin Randolph-Williams, and associate Timothy Durbin advised HHH.