Irvine-based FivePoint Holdings LLC (NYSE: FPH) has given $1 million to the USC Sol Price School of Public Policy to bolster support for real estate faculty and scholarships.
CEO Emile Haddad, also chairman of the USC Lusk Center for Real Estate’s advisory board, said the donation is an investment “in a partnership that will invite the leaders in the industry to collaborate with leading educators to create the vision of sustainable communities, balancing environmental justice and social equity.”
The master developer company, which has a $1.1 billion market valuation, said a majority of the donation will be used to recruit new faculty and create scholarships for “a more diverse student body” in real estate development.
FivePoint has said its mixed-use developments, including the Great Park Neighborhoods in Irvine, implements educational elements alongside commercial and residential components to create “sustainable communities of the future.”
