July 7, 2015
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REAL ESTATE: Developer has 37.5% stake in Great Park land
FivePoint Communities Inc.’s transition into a publicly traded company will make its executive team rich and provide plenty of financial cover for the next housing downturn. It should also free up plenty of cash for future real estate acquisitions in and out of Orange County.
FivePoint Communities Inc. could raise nearly $600 million from its forthcoming initial public offering and a trio of concurrent private placement deals, according to new regulatory documents filed with the Securities and Exchange Commission.
Five Point Holdings LLC in Aliso Viejo refiled its registration to go public and set a placeholder value of $100 million on the offering.
Aliso Viejo-based Five Point Holdings Inc. said it’s planning an initial public offering.