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Winning in a Hot Real Estate Market: An Interview With Howard Hughes Corp.’s CEO


In this week’s edition of Industry Focus, hosted by Jason Moser, Fool.com contributor Matt Frankel, CFP®, sits down with David O’Reilly, CEO of The Howard Hughes Corp. (NYSE:HHC), one of the most interesting and unique real estate companies in the market. You’ll hear what the company does, where O’Reilly sees the biggest opportunities, why the master-planned community business is so attractive, and much more.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

This video was recorded on Oct. 25, 2021.

Jason Moser: It’s Monday, October 25th. I’m your host, Jason Moser. On today’s Financials show, we’re talking real estate with a special guest. Howard Hughes Corporation is one of the most unique real estate companies in the world. Recently, our own Matt Frankel sat down with CEO David O’Reilly to talk more about how the company generates market-beating returns. Why he thinks it has the best risk-adjusted return potential in the publicly traded real estate sector, and much more. We hope you enjoy their conversation.

Matt Frankel: We are joined by David O’Reilly. He is CEO of Howard Hughes Corporation, one of my favorite real estate companies. One that flies under the radar, because they are unique. With that in mind, David, first of all, thank you for joining us today.

David O’Reilly: Thank you for having me, good to chat with you, Matt.

Matt Frankel: So for those who don’t know what Howard Hughes does, you’re in a unique spot in real estate, you’re not quite a REIT, you’re not quite a real estate developer. Can you give us just a brief overview of what you do?

David O’Reilly: Absolutely. It is very unique and definitely unique within the public markets. But what we are is, we’re really a large-scale masterplan. We have communities across the country where we are dominant landowner. Those communities are the Woodlands and Bridgeland in Houston, which represent 28,000 and 11,000 acres, or in the Woodlands is roughly 1.5 time the size of the island in Manhattan. Downtown Columbia in Maryland, 22,000 acres known as Summerlin, just west of the Las Vegas Strip, Ward Village in Honolulu, and the Seaport in New York City. Really, what we do at the end of the day is we play SimCity within these masterplan communities. We decide where the mixed-use urban environments of tomorrow should be built. We did develop where housing is, public infrastructure, fire stations, police, as well as office retail, hospitals. Really creating a place where people and companies want to live, work, and play. It really drive some unique financial synergies for us in that the proceeds that we get from the sale of…



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