A proposal for Howard Hughes would direct proceeds from sales of selected property stakes to its insurance operation, while changing how the company handles its real estate business.
Outside investors would acquire 80% to 90% interests in selected properties, and the proceeds would fund the insurance operation. Its real estate arm would focus on managing assets.
The proposal points to a potential return on equity above 20% for the insurance operation. The figure describes a possible future result, not an achieved return.
