Latest news with #FivePoint
Globe and Mail
2 days ago
- Business
- Globe and Mail
Five Point Holdings, LLC Sets Date for Second Quarter 2025 Earnings Announcement and Investor Conference Call
Five Point Holdings, LLC ('Five Point') (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2025 financial results at 5:00 p.m. Eastern Time on Thursday, July 24, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: [ A telephonic replay will be available starting approximately three hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live call and the replay is 13755037. The telephonic replay will be available until 11:59 p.m. Eastern Time on August 2, 2025. About Five Point Five Point, headquartered in Irvine, California, designs and develops large mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Five Point's communities include the Great Park Neighborhoods ® in Irvine, Valencia ® in Los Angeles County, and Candlestick ® and The San Francisco Shipyard ® in the City of San Francisco. These communities are designed to include up to approximately 40,000 residential homes and up to approximately 23 million square feet of commercial space.
Business Wire
2 days ago
- Business
- Business Wire
Five Point Holdings, LLC Sets Date for Second Quarter 2025 Earnings Announcement and Investor Conference Call
IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC ('Five Point') (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, will hold a conference call to discuss its second quarter 2025 financial results at 5:00 p.m. Eastern Time on Thursday, July 24, 2025. A live Internet audio webcast of the conference call will be available on the Five Point website at The conference call can also be accessed by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) or by clicking on the following link and requesting a return call: [ A telephonic replay will be available starting approximately three hours after the end of the call by dialing (844) 512-2921, or for international callers, (412) 317-6671. The passcode for the live call and the replay is 13755037. The telephonic replay will be available until 11:59 p.m. Eastern Time on August 2, 2025. About Five Point Five Point, headquartered in Irvine, California, designs and develops large mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Five Point's communities include the Great Park Neighborhoods ® in Irvine, Valencia ® in Los Angeles County, and Candlestick ® and The San Francisco Shipyard ® in the City of San Francisco. These communities are designed to include up to approximately 40,000 residential homes and up to approximately 23 million square feet of commercial space.
Los Angeles Times
30-06-2025
- Business
- Los Angeles Times
Irvine's Five Point Holdings Acquires Hearthstone Residential for $59.25 Million
Irvine-based Five Point Holdings agreed to acquire a 75% stake in Hearthstone Residential Holdings LLC from Hearthstone Inc. and The Mark and Lynn Porath 2000 Trust for $59.25 million. Five Point agreed to pay $56.25 million in cash and up to $3 million in stock. The acquisition is expected to close by the end of the third quarter. 'Hearthstone has built an impressive track record over more than three decades, consistently delivering value through changing market conditions, and we are very excited to bring this exceptional platform and talented team into Five Point,' said Dan Hedigan, chief executive and president of Five Point, in a statement. Hearthstone was founded in 1992 and is focused on managing institutional capital in residential for-sale housing. Its business consists of a land banking program that provides capital to public homebuilders, a joint venture financing program, and advisory services for real estate investors and financial institutions. It has over $2.6 billion in assets under management and has funded more than 173,000 homes and lots, totaling approximately $21 billion in investments in connection with approximately 750 transactions. Sullivan & Cromwell LLP acted as legal advisor for Five Point Holdings. Alston & Bird LLP acted as legal advisor for Hearthstone Inc. and Hearthstone Residential Holdings LLC. Information for this article was sourced from Five Point Holdings.
Business Wire
20-06-2025
- Business
- Business Wire
Five Point Holdings, LLC to Acquire Controlling Interest in New Landbank Venture With Hearthstone, Inc.
IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC ('Five Point' or the 'Company') (NYSE:FPH), an owner and developer of large mixed-use planned communities in California, today announced that it has entered into a definitive agreement to acquire a controlling interest in a newly formed entity that will include substantially all of the business and operations of Hearthstone, Inc. ('Hearthstone'), a provider of capital solutions to the U.S. homebuilding industry. The new entity, Hearthstone Residential Holdings, LLC (the 'Hearthstone Venture'), represents a strategic partnership between Five Point and Hearthstone designed to expand access to flexible, off-balance sheet capital for homebuilders pursuing land-light strategies. This marks a significant expansion of Five Point's capabilities, positioning it as a more active manager of capital solutions for the homebuilding sector through investment funds. The Hearthstone Venture will benefit from Five Point's deep development expertise, valuable long-term relationships with the homebuilding industry, and strong capital base, while leveraging Hearthstone's respected platform and experienced leadership. As part of the transaction, Hearthstone will contribute substantially all of its assets into the new venture, of which Five Point will own 75%, with the remaining 25% retained by entities affiliated with Mark Porath, Hearthstone's Founder and Chief Executive Officer. The Hearthstone Venture will continue to be led by its existing management team. Hearthstone was founded in 1992 and is focused on managing institutional capital in residential for-sale housing in select target markets across the country. Hearthstone's business consists of a land banking (or lot option) program that provides capital to public homebuilders, a joint venture financing program, and advisory services for real estate investors and financial institutions. With over $2.6 billion in assets under management, the firm has funded over 173,000 homes and lots, totaling approximately $21 billion in investments in connection with approximately 750 transactions. The acquisition is expected to close by the end of the third quarter, subject to customary closing conditions. 'Hearthstone has built an impressive track record over more than three decades, consistently delivering value through changing market conditions, and we are very excited to bring this exceptional platform and talented team into Five Point,' said Dan Hedigan, President and Chief Executive Officer of Five Point. 'We've had the opportunity to partner with Hearthstone on several transactions and have great respect for their disciplined execution and deep relationships across the homebuilding industry. This acquisition will create new revenue streams for Five Point, while connecting us to a broader network of capital providers and strengthening our relationships with builder partners. Hearthstone's market insight, innovative approach, and operational excellence are a strong complement to our land development platform, and both companies have established trust with their homebuilder partners. Together, we're positioned to scale Hearthstone's land banking business, while further supporting Five Point's asset-light growth strategy.' 'Partnering with Five Point is a strategic step forward for Hearthstone,' said Mark Porath, Founder and Chief Executive Officer of Hearthstone. 'This venture will allow us to scale our platform and broaden our impact while aligning with an industry leader that shares our long-term vision. We're entering this partnership to leverage the respective strengths of both companies, and my continued ownership stake reflects my confidence in the future of the business. Our builder clients will experience continuity in service—with the added advantage of expanded resources, enhanced capital solutions, and increased capacity to support their growth strategies.' About Five Point Holdings, LLC Five Point Holdings, LLC (NYSE: FPH) designs and develops large mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Five Point's communities include the Great Park Neighborhoods® in Irvine, Valencia® in Los Angeles County, and Candlestick® and The San Francisco Shipyard® in the City of San Francisco. About Hearthstone, Inc. Hearthstone, Inc. is a leading private investment partner in for-sale housing in the United States, with an uncompromising commitment to excellence, innovation, and integrity. Hearthstone's primary business is managing institutional capital in their investment in residential housing in select target markets. Forward-Looking Statements This press release contains forward-looking statements that are subject to risks and uncertainties. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. When used, the words 'anticipate,' 'believe,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'estimate,' 'project,' 'should,' 'will,' 'would,' 'result' and similar expressions that do not relate solely to historical matters are intended to identify forward-looking statements. Forward-looking statements include, among others, statements that refer to: our expectations of future home sales and/or builder sales; our future revenues, costs and financial performance, including with respect to cash generation and profitability; the expected timing, completion, and effects of the proposed transaction; the ability of the parties to consummate the transaction on the anticipated timeline or at all; anticipated benefits, synergies, or strategic advantages; and other statements that are not historical in nature. We caution you that any forward-looking statements included in this press release are based on our current views and information currently available to us. Forward-looking statements are subject to risks, trends, uncertainties and factors that are beyond our control. Some of these risks and uncertainties are described in more detail in Five Point's filings with the SEC, including Five Point's Annual Report on Form 10-K, under the heading 'Risk Factors.' Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. We caution you therefore against relying on any of these forward-looking statements. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. They are based on estimates and assumptions only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except as required by applicable law.
Business Wire
20-05-2025
- Business
- Business Wire
Jeff Eaton Joins Five Point Infrastructure as Partner
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC (formerly known as Five Point Energy, 'Five Point') today announced that Jeff Eaton has joined the firm as a Partner, bringing decades of experience in private capital advisory, energy and infrastructure investing. Jeff will play a key role in shaping firm strategy and enhancing client solutions, further strengthening Five Point's position as a leader in the energy infrastructure sector. Jeff joins Five Point after a distinguished career at Eaton Partners, where he was instrumental in growing the firm into one of the most respected private capital advisory and fund placement platforms in the industry. 'We are excited to welcome Jeff to Five Point,' said David Capobianco, CEO and Managing Partner at Five Point. 'His leadership, industry relationships, and strategic insight will be invaluable as we continue to expand our platform and provide best-in-class investment opportunities to our partners. We've known and worked with Jeff for over a decade, and we are excited to be adding him to our team.' For nearly two decades, Jeff advised top-tier private equity and infrastructure firms, helping to drive capital formation and long-term partnerships with institutional investors. In addition to leading and managing Eaton Partners, Jeff built Eaton's Real Assets business into an industry leader. After helping to lead the sale of Eaton Partners to Stifel Financial in 2016, Jeff continued in a leadership role until 2023, before transitioning into a position as a Senior Advisor to Stifel. Prior to Eaton Partners, Jeff held key roles at Constellation Energy, where he was focused on investments in the midstream energy infrastructure sector. Jeff expressed his enthusiasm for joining the firm, stating, 'I have always admired the Five Point team's vision, expertise, and ability to drive transformational investments in the critical infrastructure sector. They have built an exceptional platform, and I am eager to contribute to their continued success as a leader in infrastructure investing.' About Five Point Infrastructure Five Point Infrastructure LLC is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For more information about Five Point, please visit:
