Five Point Holdings, LLC is a prominent real estate development company focused on creating large-scale, mixed-use, master-planned communities in supply-constrained coastal California markets. The company operates through four primary segments: Valencia (Los Angeles County), San Francisco (Candlestick Point and The San Francisco Shipyard), Great Park (Orange County), and Hearthstone. Five Point's core business model involves acquiring land, securing necessary entitlements and permits, and installing critical infrastructure. Rather than constructing homes itself, the company sells finished residential and commercial land sites to third-party homebuilders, commercial developers, and commercial buyers, often utilizing profit-participation arrangements. Additionally, Five Point generates revenue by providing development and property management services, as well as asset management services to land banking funds through its Hearthstone segment. The company's communities are designed to encompass up to 40,000 residential homes and approximately 23 million square feet of commercial space over a multi-decade development horizon. By focusing on entitling and developing land in highly desirable California markets, Five Point positions itself as a key supplier of build-ready lots to major homebuilders.
