The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in development of master planned communities and the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments. The Company operates its business in three segments: Master Planned Communities, Operating Assets and Strategic Developments. The Company's Master Planned Communities segment consists of the development and sale of residential land and the development of commercial land to hold, develop or sell. The Company's Operating Assets segment contains approximately 50 properties, investments and other assets, consisting of retail, office, multi-family and hospitality properties. The Company's Strategic Developments segment consists of over 30 development projects.