---
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"
generated_at: "2026-05-19T01:22:57.834350+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Five Point to acquire 75% stake in Hearthstone venture for $56.25M, expanding homebuilder capital solutions

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-143291
- JSON: https://secwatch.observer/filing/0001193125-25-143291.json
- Plain text: https://secwatch.observer/filing/0001193125-25-143291.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.