Amendment: SEC Form SCHEDULE 13D/A filed by Howard Hughes Holdings Inc.

Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following information: "The information set forth in Item 4 of Amendment No. 24 is incorporated by reference into this Item 3 as if restated in full."

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information: "Reference is made to the New Proposal as described in Item 4 of amendment No. 23 to Schedule 13D filed on February 18, 2025 on behalf of the Reporting Persons relating to the Common Stock of the Issuer. On March 2, 2025, in furtherance of continuing discussions regarding the New Proposal, PSCM and the Issuer entered into a Standstill Agreement (the "Standstill Agreement") whereby, among other things, (1) the Issuer agreed not to undertake certain actions having the effect or intent of disenfranchising in any manner, or otherwise conditioning, limiting or restricting the rights of, its stockholders or make any public proposal or statement regarding the foregoing and (2) PSCM agreed not to acquire additional beneficial ownership of the Issuer, undertake certain extraordinary transactions involving the Issuer, solicit certain proxies from stockholders of the Issuer, seek to call a special meeting or present proposals for consideration by stockholders, propose a nominee for election to the Board of Directors or seek the removal of any member of the Board of Directors, or form, join or participate in a "group" with respect to the Issuer except as provided in Schedule 13D. The Standstill Agreement expires at 5:00 p.m. (Eastern Time) on March 13, 2025 unless extended by the parties thereto. Attached as Exhibit 99.25 to the Schedule 13D is a copy of the Standstill Agreement, which is incorporated herein by reference. The foregoing description of the Standstill Agreement is not necessarily complete and is qualified in its entirety by reference to Exhibit 99.25. No assurances can be given regarding the terms and details of any potential transaction, that the New Proposal or any other proposal made by the Reporting Persons regarding any potential transaction will be accepted by the Issuer or its Special Committee, that definitive documents relating to any such potential transaction will be executed, or that a potential transaction will be consummated in accordance with such documents, if at all. Neither the Schedule 13D nor the New Proposal is an offer to purchase or a solicitation of an offer to sell any securities. Any solicitation or offer will only be made through separate materials filed with the U.S. Securities and Exchange Commission. Holders of Common Stock of the Issuer and other interested parties are urged to read these materials when and if they become available because they will contain important information. Holders of Common Stock of the Issuer will be able to obtain such documents (when and if available) free of charge at the Commission's web site, www.sec.gov. The Reporting Persons reserve the right to modify or withdraw the New Proposal at any time. While the New Proposal remains under consideration by the Issuer, the Reporting Persons expect to respond to inquiries from, and negotiate the terms of the New Proposal with, the Special Committee of the Issuer's Board of Directors formed to evaluate the New Proposal and such Special Committee's representatives. The Reporting Persons may elect not to update or provide additional disclosures regarding the New Proposal until a definitive agreement has been reached, or unless disclosure is otherwise required under applicable securities laws."

Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following information: "The information set forth in Item 4 of Amendment No. 24 is incorporated by reference into this Item 6 as if restated in full."

Item 7 of the Schedule 13D is hereby amended and supplemented by adding a reference to the following exhibit: Exhibit 99.25 Standstill Agreement, dated as of March 2, 2025, by and between PSCM and the Issuer.