Business
Five Point Holdings, LLC to Acquire Controlling Interest in New Landbank Venture With Hearthstone, Inc.
IRVINE, Calif., June 20, 2025--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.
About this update from Five Point Holdings, Llc
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