{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-143291","form_type":"8-K","ticker":"FPH","cik":"0001574197","company_name":"Five Point Holdings, LLC","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.843368+00:00","generated_at":"2026-05-19T01:22:57.834350+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Five Point to acquire 75% stake in Hearthstone venture for $56.25M, expanding homebuilder capital solutions","bullets":["Purchase price $56.25M cash (up to $3M in Five Point shares) for 75% of Class A Units in Hearthstone Residential Holdings.","Hearthstone Group (founder Mark Porath) retains 25% and contributes co-investment assets valued at least $12.5M.","Hearthstone, founded 1992, manages $2.6B AUM; has funded $21B+ across over 173,000 homes/lots via 750+ transactions.","Closing expected by end of Q3 2025; Hearthstone's management team led by Mark Porath will continue to run the venture.","Five Point CEO cites new revenue streams and stronger homebuilder relationships; no financial guidance changed."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-143291","json":"https://secwatch.observer/filing/0001193125-25-143291.json","markdown":"https://secwatch.observer/filing/0001193125-25-143291.md","text":"https://secwatch.observer/filing/0001193125-25-143291.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574197/000119312525143291/0001193125-25-143291-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574197/000119312525143291/d934817d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T01:22:57.834350+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}