The howard hughes corporation® extends jdm partners' option period to reacquire stake in douglas ranch

Houston , april 18, 2022 /prnewswire/ -- the howard hughes corporation ® (nyse: hhc) today announced the extension of jdm partners' option period to reacquire a stake in douglas ranch—hhc's recently launched large-scale master planned community (mpc) in phoenix's west valley, which was acquired from jerry colangelo's jdm partners ("jdm") and el dorado holdings ("el dorado") in october for $600 million.  under the original agreement, jdm escrowed $33.8 million as a non-refundable deposit to secure a six-month option period expiring april 16, 2022.
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