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  "documentTitle": "Howard Hughes Corporation (HHC)",
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  "authorName": "William Ackman",
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      "kind": "callout",
      "text": "Donald Bren turned a minority investment in 1977 in a land development project in Southern California into a $15B+ personal fortune",
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      "text": "At the time of Bren’s investment, The Irvine Ranch was already an established MPC. One of the keys to investing in MPCs is avoiding the high-risk start up phase. In other words, you don’t want to be the first owner.",
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