Blue Owl backs FivePoint on $1.7B land banking deal
FivePoint Holdings is committing to land banking with its latest partnership. Irvine-based FivePoint is teaming up with Blue Owl Capital to buy up to $1.7 billion of land in the U.S. housing market, the Orange County Business Journal reported. In exchange for committing capital to land acquisition efforts, Blue Owl-managed funds will be able to buy Five Point shares at $7 each once it meets contribution thresholds starting at $500 million. The partnership builds on FivePoint’s acquisition last year of Hearthstone Residential Holdings. Since acquiring a 75 percent stake in Hearthstone for nearly $59.3 million, FivePoint has been expanding into […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Newsoms list Sacramento-area mansion for $7.5M, plan to exit city governor once called 'so dull'
The White House’s $600 Million Ballroom Project Can Resume Construction
No concealing this: Cosmetics mogul Dean Factor slashes Brentwood ask by nearly $10M
Le Creuset Just Unveiled Its Newest Color
OC city seeks industry interest in redevelopment centered on blimp hangar
Trump Shares White House Renovations and New South Lawn Helipad
Mountain lions put 400-unit resi development in Valley on hold
Meghan Markle and Prince Harry Are Moving to Britain—But Their Chickens Are Staying Behind
This $3.7M Connecticut Compound Is Like a Tiny New England Village
Most Home Sales Close – Here’s How To Keep Yours on Track
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA