September 13, 2011



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Company Snapshot 

Volume XXXVII, Issue VII & VIII 

 

       - 21 - 



Segment Assets 

 

Source: HHC 10-Q, June 30, 2011 



 

 

 



The following table summarizes HHC’s master planned communities as of December 31, 2010: 

 

  



 

   

   

   

Total  

People Living   Remaining 

Saleable 

Acres 

(b)

  

 

   

Projected 

Community 

Community  

Location  

Ownership 

(%)  

Gross

Acres 

(a)

in Community 

(Approx. No.)   Residential

(c)

 Commercial

(d)

     Total    

Other 

Acres 

Sell-Out 

Date  

Summerlin  

Las Vegas, NV  

100.0  


22,500 

100,000    

5,995    

906  


   6,901    —  

2039  


Bridgeland  

Houston, TX  

100.0  

11,400 


3,750    

3,863    

1,226  

   5,089    —  



2036  

Maryland  

   

   


   

     


     

   


  

     


   

   


Columbia  

   


   

   


     

     


   

  

     



   

   


Town Center   Howard County  

100.0  


14,200 

100,000    

—    

—  


  

—     40 

(e)

2020 


(g)

  

Gateway  



Howard County  

100.0  


630 

—    


—    

121  


  

121    —  

2017  

Emerson  



Howard County  

100.0  


520 

2,000    

9    

68  


  

77    —  

2017  

Fairwood  



Prince George’s Cty   100.0  

1,100 


2,300    

—    


11  

  

11    24  



2013  

The Woodlands   Houston, TX  

52.5 

(f)


 

28,400 


97,000    

 1,013    

   973  

   1,986    —  

2022  

Total  


   

  78,750 

305,050    

10,880    

3,305  

  14,185   64  



   

(a)  Encompasses all of the land located within the borders of the master planned community, including parcels already sold, saleable parcels and 

non-saleable areas, such as roads, parks and recreation and conservation areas.  

(b)  Includes only parcels that are intended for sale or joint venture.  The mix of intended use, as well as the amount of remaining saleable acres, are 

primarily based on assumptions regarding entitlements and zoning of the remaining project and are likely to change overtime as the master plan is 

refined. Remaining saleable acres are estimates.  

(c)  Includes standard, custom and high density residential land parcels.  Standard residential lots are designed for detached and attached single- and 

multi-family homes, of a broad range, from entry-level to luxury homes.  At Summerlin, HHC has designated certain residential parcels as custom 

lots as their premium price reflects their larger size and other distinguishing features - such as being within a gated community, having golf course 

access, or being located at higher elevations. High density residential includes townhomes, apartments and condominiums.  

(d)  Designated for retail, office, resort, services and other for-profit activities, as well as those parcels allocated for use by government, schools, 

houses of worship and other not-for-profit entities.  

(e)  Reflects the number of net developable acres in raw land and subdivided land parcel available for new development, but which the Company 

currently intends to hold.  

(f)   Reflects HHC’s current economic interest. Our ownership interest is 42.5% and we make decisions with our joint venture partner.  

(g)  Reflects the projected redevelopment completion date.  

Source: HHC 10-K, December 31, 2010 

 



Company Snapshot 

Volume XXXVII, Issue VII & VIII 

 

       - 22 - 



The following table summarizes HHC’s retail operating assets as of December 31, 2010: 

 

  



 

Asset  

Location 

Existing  

Gross Leasable 

Area 

Size  

(Acres) 

 

Net Book  



Value  

(Millions)    

Acquisition 

Year 

Ward Centers  

Honolulu, HI  

1,000,817 

(a)  

60  


 

 $336.3    

2002  

South Street Seaport  



New York, NY  

298,759 


(b)  

11  


 

3.1    


2004  

Landmark Mall  

Alexandria, VA  

440,325 


(c)  

22  


 

23.5    


2004  

Park West  

Peoria, AZ  

249,168 


   

48  


 

82.0    


2006  

Rio West Mall  

Gallup, NM  

333,077 


(b)(d)  

50  


 

11.4    


1981 

(e)


 

Riverwalk Marketplace   New Orleans, LA 

194,452 

(b)  


11  

 

11.7    



2004  

Cottonwood Square  

Salt Lake City, UT       77,079 

(b)  


  21   

 

5.2 



  

2002 


 

Total  


 

2,593,677 

   

223  


 

 $473.2    

   

(a)  Excludes 153,928 SF related to ground leases of which HHC is the lessor.  



(b)  All of the project is on a ground lease where HHC is the ground lessee.  

(c)  Excludes 438,937 SF in project that is owned and occupied by Sears and Macy’s.  

(d)  Excludes 180,946 SF of outparcel improvements in project currently owned by tenant.  

(e)  Reflects the year that Rio West Mall opened.  

Source: HHC 10-K, December 31, 2010 

 

 



 

 

The following table summarizes HHC’s strategic development projects as of December 31, 2010: 



 

  

 



Asset  

Location  

GLA  

Size  

(Acres)  

Net Book  

Value  

(Millions)  

Acquisition 

Year  

Bridges at Mint Hill  

Charlotte, NC  

—  


162  

$ 12.4  


2007  

Circle T Ranch and Power Center 

(a)

   Dallas/Ft. Worth, TX 



—  

279  


9.0  

2005  


Elk Grove Promenade  

Elk Grove, CA  

—  

100  


10.7  

2003  


The Shops at Summerlin Centre  

Las Vegas, NV  

—  

106  


35.6  

2004  


Ala Moana Condo Project  

Honolulu, HI  

—  

—  


22.8  

2002 


(c)

 

AllenTowne  



Allen, TX  

—  


238  

25.4  


2006  

Cottonwood Mall  

Holladay, UT  

6,600  


54  

20.3  


2002  

Kendall Town Center  

Kendall, FL  

—  


91  

18.6  


2004  

West Windsor  

Princeton, NJ  

—  


658  

20.6  


2004  

Fashion Show Air Rights  

Las Vegas, NV  

—  


—  

— 

2004  



Alameda Plaza  

Pocatello, ID  

190,341  

22  


2.4  

2002  


Century Plaza  

Birmingham, AL  

169,072 

(b)


 

63  


4.5  

1997  


Village at Redlands  

Redlands, CA  

—  

5  


6.9  

2004  


Redlands Promenade  

Redlands, CA  

—  

10  


2.8  

2004  


Lakemoor (Volo) Land  

Lakemoor, IL  

—  

40  


0.3  

1995  


Maui Ranch Land  

Maui, HI  

—  

10  


— 

2002  


Nouvelle at Natick  

Natick, MA  

—  

—  


13.4  2007 

(c)


 

Total  


  366,013  

1,838  


$ 205.7  

   


(a)   Represents HHC’s 50% interest in these two development projects.  

(b)   Operating tenant space totals 16,706 square feet.  

(c)   Represents date of initial construction.  

Source: HHC 10-K, December 31, 2010 




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