Howard Hughes Communities President of the Texas Region Jim Carman will transition to an advisory role at year-end as part of an organizational realignment.
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The president role will be restructured as part of the realignment, Howard Hughes Holdings said in a press release.
Drew Davis, chief operating officer of Howard Hughes Communities, will continue to oversee The Woodlands, Bridgeland and The Woodlands Hills. He will also be the primary contact for the company’s Houston-area communities.
Carman joined Howard Hughes in 2012 and led development across the three communities. During his tenure, Bridgeland, the master-planned community in the Cypress area northwest of Houston, grew from 6,000 to more than 30,000 residents.
“Jim’s contributions can be seen across The Woodlands, Bridgeland, and The Woodlands Hills, in the places he helped develop and the team he helped build,” Davis said in a statement. “We are grateful for his nearly 15 years of service and his help preserving that knowledge through his advisory role.”
Howard Hughes Communities is the real estate platform of The Woodlands-based Howard Hughes Holdings, which is undergoing a strategic shift. Executive Chairman Bill Ackman envisions a Berkshire Hathaway-style transformation.
Ackman’s Pershing Square Capital Management bought 9 million newly issued shares of HHH for $900M in May 2025, boosting its stake to about 47%. The deal followed months of Ackman trying to persuade the board to sell the firm.
Ackman’s strategy for HHH includes acquiring insurance companies and raising capital from outside sources, a major shift for the company that has traditionally financed its own acquisitions.
“We’re going to begin a process immediately to bring in partners to reduce our equity commitment to our real estate by as much as 80% and then turn Howard Hughes into more of a real estate asset management business with a lot of skin in the game,” Ackman told Bloomberg late last month.
Howard Hughes is a massive-scale developer with operations in five states. It has developed communities home to more than 400,000 people.
In 2024, the company spun off its New York and Las Vegas assets into a new company called Seaport Entertainment Group.
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