Howard Hughes, together with its subsidiaries, operates in three business segments: Operating Assets, Master Planned Communities (MPCs) and Strategic Developments. The company's Operating Assets segment includes its investments in joint ventures and other assets, consisting of retail, office, multi-family, hospitality properties and other operating assets and investments. The company's MPC segment includes the development and sale of residential and commercial land, primarily in large-scale, long-term projects. The company's Strategic Developments segment consists of development or redevelopment projects.
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