Pershing Square Invests $900M in Howard Hughes to Launch Diversified Holding Company
CREtech
Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. Pershing Square, led by Bill Ackman, has committed $900 million to Howard Hughes Holdings (HHH) in a transformative deal that will see the real estate firm evolve into a diversified holding company. The investment includes the purchase of nine million newly issued HHH shares at $100 each—a 48% premium over the previous closing price—bringing Pers…