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Stock impact report

Five Point Holdings, LLC Announces the Sale of First Homesites at New Community in Los Angeles County

Five Point Holdings, LLC Class A Common Shares (FPH) 
Last five point holdings, llc class a common shares earnings: 8/8 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.fivepoint.com
Company Research Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH), in a major step forward to opening its newest master-planned community in Los Angeles County, announced the sale of 781 homesites at Valencia (formerly Newhall Ranch) in the fourth quarter of 2019. The Company closed on 711 of these homesites, and the balance is anticipated to close in the first half of this year. The proceeds from the closed homesites were approximately $135 million.“This is a milestone for the Company, as we have been waiting for this day for a long time,” said Emile Haddad, Chairman and CEO of Five Point. “These are the first deliveries of the approximately 21,000 homesites anticipated to be delivered next in Valencia, building on the reputation of one of the premier master-planned communities in the country that already has over 60,000 existing residents and 60,000 permanent jobs.”“Los Angeles is one of the most constrained housing markets in the country,” he Show less Read more
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