Five Point Holdings, LLC Business Summary

Five Point Holdings, LLC (FPH) operates as a prominent owner and developer of large-scale, mixed-use master-planned communities in coastal California, primarily generating revenue through the strategic sale of entitled land sites to residential and commercial builders. The company’s business model is diversified across four primary segments: Great Park (Irvine), Valencia (Los Angeles County), San Francisco (Candlestick/Shipyard), and the recently integrated Hearthstone, a residential land banking platform acquired in 2025. Beyond land monetization, FPH captures significant high-margin revenue through management service fees and incentive compensation from unconsolidated ventures, such as the Great Park Venture. Positioned as a land wholesaler and asset manager rather than a traditional retail homebuilder, FPH occupies a specialized niche in the market, competing directly with large-scale land developers and real estate service firms like Tejon Ranch Co., Newmark Group, and Marcus & Millichap. The leadership team is anchored by President and CEO Daniel Hedigan, a real estate veteran and former executive at the Irvine Company who took the helm in 2022 to streamline operations and capital allocation. He is supported by CFO Kim Tobler, an expert in real estate finance and tax who previously held senior roles at Ernst & Young and the Irvine Company, and COO Michael Alvarado, who also serves as Chief Legal Officer. The company was founded by Chairman Emeritus Emile Haddad, whose vision for California’s coastal development remains central to the firm’s identity. FPH maintains a high-pedigree board and investor base, led by Executive Chairman Stuart Miller—who also serves as Executive Chairman of Lennar Corporation—and notable board members such as Sam Levinson of Glick Family Investments, reflecting the company’s deep institutional ties to the national homebuilding and investment sectors.