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The Howard Hughes Corporation® Promotes David Striph to Executive Vice President of Hawai'i

Press Contacts

Caryn Kboudi, The Howard Hughes Corporation, caryn.kboudi@howardhughes.com, (214) 741-7744

Striph to Continue Directing Operations at Ward Village®, a Master Planned Community in Honolulu

HONOLULU (November 9, 2015) - The Howard Hughes Corporation® (NYSE: HHC) announced the promotion of David Striph from Senior Vice President of Hawai'i to Executive Vice President of Hawai'i. Striph will continue to oversee the operating assets of the Hawai'i region, which currently center around Ward Village®, a master planned community that is currently undergoing a transformation into a thriving, integrated neighborhood.

"Since moving to Hawai'i to lead our Ward Village project in 2011, Dave has been instrumental in furthering our mission to create a vibrant, mixed-use neighborhood in urban Honolulu," said Grant Herlitz, President of The Howard Hughes Corporation. "We are pleased to acknowledge his passion and dedication for Ward Village and look forward to his continued leadership in Hawai'i."

Striph has over 25 years of experience in commercial real estate, specializing in finance, acquisitions and asset management. He was previously a Senior Managing Director at Westmount Realty Capital, a major real estate investor based in Dallas, TX, and thrived in senior positions at Fortress Investment Group, Fremont Investment & Loan and Amresco Capital Trust.

Striph has been recognized by Hawaii Business Magazine and the Honolulu Star-Advertiser for his leadership and valuable contributions to the community. He currently serves as President of the NAIOP Hawai'i Chapter Board of Directors and as an active board member for the Bishop Museum, HomeAid Hawaii, Child & Family Service, the Children's Discovery Center, Pacific Asian Affairs Council and the YMCA of Honolulu. Dave is also the 2014 and 2015 chairman of the March of Dimes March For Babies campaign. He received his Bachelor of Science in Accounting from Southern Illinois University in Carbondale, IL.

About Ward Village®

Developed by The Howard Hughes Corporation, Ward Village is a new 60-acre coastal master planned community in the heart of Honolulu located between downtown and Waikīkī in the Kakaʻako district. Ward Village includes two mixed-use residential towers – Waiea and Anaha – that are now under construction and will transform the popular shopping and dining district into a vibrant neighborhood that offers exceptional residences with incredible island and ocean views and a carefully curated mix of retail experiences set among dynamic public open spaces and walkable streets.

This growing community will include three additional developments: Ae'o at 1001 Queen Street, Gateway Towers and Ke Kilohana at 988 Halekauwila Street. Aeʻo at 1001 Queen Street is a 466-unit mixed-use condominium tower anchored by a flagship Whole Foods Market. The extraordinary first building of Gateway Towers on Ala Moana Boulevard will bring the architecture of world-renowned architect Richard Meier to the Honolulu skyline. Ke Kilohana will bring housing targeted for local residents and a 23,000 square foot Long's Drugs to the neighborhood.

The vision for Ward Village is consistent with the master plan approved by the HCDA in 2009, which allows for up to 9.3 million square feet of mixed-use development and will include over 4,000 residences and over 1 million square feet of retail space.

Ward Village is Hawaiʻi's only LEED-ND Platinum-Certified project and the largest neighborhood development in the country to receive such a prestigious certification. The Information Center and Residential Sales Gallery is located at the iconic IBM Building. For more information, visit www.wardvillage.com.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai'i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC with major offices in New York, Columbia, MD, Dallas, Houston, Las Vegas and Honolulu. For additional information about HHC, visit www.howardhughes.com.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as "will," "believe," "expect," "enables," "realize", "plan," "intend," "assume," "transform" and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation's filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

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ジはハワイ州ホノルル市において進められている主要都市開発計画であり、まだ完成しておりません。唯一の事業仲介者ワードビレッジ・プロパティーズ・エルエルシー(Ward Village Properties, LLC)。著作権 2017年。イコール・ハウジング・オポチュニティー。ケ・キロハナの唯一の事業仲介者ロケーションズ・エルエルシー。著作権 2017年。イコール・ハウジング・オポチュニティー。

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