NEW YORK May 8 Billionaire investor William
Ackman discussed real estate development company Howard Hughes
Corp at the Sohn Investment Conference on Monday, citing
its strong management and desirable locations as reasons why it
should become more valuable over time.
Ackman's $11 billion Pershing Square Capital Management owns
8.85 percent of Howard Hughes and ranks as its biggest
shareholder. Ackman serves on the company's board.
Ackman has held shares in the company, which own Manhattan's
South Street Seaport, the Woodlands in Houston, Texas and
Summerlin in Las Vegas, for years.
(Reporting by Svea Herbst-Bayliss and Lawrence Delevingne;
Editing by Meredith Mazzilli)