The Ritz-Carlton Residences in The Woodlands, Houston has pre-sold 65% of its available units, representing $313 million of future revenue.

Judged against Howard Hughes Holdings' official disclosures from around August 2024 (the Q2 2024 earnings release, supplemental information, 10-Q or shareholder letter) on The Ritz-Carlton Residences, The Woodlands. True: those disclosures show about 65% of units pre-sold (63% to 67% is acceptable) and about $313 million of future or contracted revenue (within 3%). Mostly true: one figure is slightly off (percentage within 5 points, or revenue within 10%) and the other matches. Mixed: one figure matches and the other is materially off. Mostly false: both figures are materially off, but there was substantial pre-sales activity. False: the disclosures show far lower pre-sales or no pre-sales program at the time. The claim's description of the project as the first such luxury development in Houston is a secondary detail. A formally corrected figure governs.

Set before the research began.

1. E1 Document - SEC.gov U.S. Securities and Exchange Commission (filed by Howard Hughes Holdings Inc., Exhibit 99.1) · 26 July 2024

   “Contracted to sell 16 residences at The Ritz Carlton Residences, The Woodlands. At quarter end, 72 condos, or 65% of available units, were pre-sold, representing future revenue of $313 million.”

Howard Hughes Holdings filed its Q2 2024 earnings release with the SEC as Exhibit 99.1, dated 2024-07-26 [E1]. It states that at quarter end, 72 condos at The Ritz-Carlton Residences, The Woodlands, or 65% of available units, were pre-sold, representing future revenue of $313 million. Both figures exactly match the claim, so it meets the 'true' criteria. The claim's description of the project as the first luxury development of its kind in Houston is a secondary detail, and the evidence does not address it.