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The Howard Hughes Corporation announced that Carlos Olea has been appointed as the company's Chief Financial Officer, effective January 12, 2022. Olea becomes CFO at a time of escalating growth and strong financial performance across the company's acclaimed portfolio of large-scale master planned communities (MPC) and mixed-use properties.
Olea has been with The Howard Hughes Corporation since 2017 and has served as the company's Chief Accounting Officer since 2019, overseeing the financial accounting strategy for the nation's largest portfolio of MPCs during a time of outstanding growth. Prior to joining HHC, Olea served as Chief Accounting Officer at Carr Properties, a Washington, D.C.-based owner-operator and developer. Previously, he was a Senior Manager with the Advisory Services practice of Ernst and Young and a Director of Technical Accounting and Financial Reporting with AvalonBay Communities in Arlington, Virginia.
Olea has a Master's in Real Estate degree with a concentration in finance from Georgetown University, and a B.S. in Accounting and Finance from ITESM, in Mexico.
"Carlos has been an integral part of HHC's senior team for the past four years, and we are fortunate to have him as our Chief Financial Officer," said David O'Reilly, Chief Executive Officer of The Howard Hughes Corporation.
The Howard Hughes Corporation's development pipeline is the largest in company history, with last year's announcement of over 2,000,000 square feet of new development across the portfolio—including in Downtown Columbia, Maryland; Ward Village in Honolulu; Summerlin in Las Vegas; and Bridgeland in the Greater Houston region—followed by HHC's recent acquisition of Douglas Ranch, its new 37,000-acre MPC in Phoenix's West Valley.
"I am excited for the opportunity to serve as HHC's Chief Financial Officer and help drive the company's success as we continue to accelerate growth across our portfolio," said Carlos Olea.
Source: The Howard Hughes Corporation
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