CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
ASSETS
Master Planned Communities assets	$ 2,564,180	$ 2,511,662
Buildings and equipment	3,873,754	3,841,872
Less: accumulated depreciation	(1,016,906)	(949,533)
Land	304,290	302,446
Developments	1,705,973	1,341,029
Net investment in real estate	7,431,291	7,047,476
Investments in unconsolidated ventures	164,461	169,566
Cash and cash equivalents	557,635	595,696
Restricted cash	357,803	402,420
Accounts receivable, net	121,454	105,185
Municipal Utility District (MUD) receivables, net	389,828	463,799
Deferred expenses, net	140,868	139,350
Operating lease right-of-use assets	5,532	5,806
Other assets, net	239,705	279,495
Total assets	9,408,577	9,208,793
LIABILITIES
Mortgages, notes, and loans payable, net	5,223,852	5,127,469
Operating lease obligations	5,338	5,456
Deferred tax liabilities, net	140,867	143,107
Accounts payable and other liabilities	1,213,903	1,092,460
Total liabilities	6,583,960	6,368,492
Commitments and Contingencies (see Note 10)
EQUITY
Common stock: $0.01 par value; 10 shares authorized, 10 issued, and 10 outstanding as of June 30, 2025, 10 shares issued, and 10 outstanding as of December 31, 2024	0	0
Additional paid-in capital	2,941,923	2,955,247
Retained earnings (accumulated deficit) attributable to Howard Hughes Holdings Inc.	(183,548)	(182,462)
Accumulated other comprehensive income (loss)	(724)	1,968
Total equity attributable to Howard Hughes Holdings Inc.	2,757,651	2,774,753
Noncontrolling interests	66,966	65,548
Total equity	2,824,617	2,840,301
Total liabilities and equity	$ 9,408,577	$ 9,208,793