Howard Hughes CEO presented at the Harbor Investment Conference earlier this year and it bought up some good memories of Howard Hughes (NYSE:HHC) and the still undervalued real estate they hold on their books.
Howard's three key properties includes its Hawaii, MPC and the South Street Sea Port holdings. The supply lag in Hawaii is promising, where Howard has the capability to meet this under covered market. The estimated supply lack is somewhere around 20,000 units.
One of Howard's staple properties is the South Street Seaport, which is the 26th most visited tourist site in the world.