Five Point launches Hearthstone land banking partnership with Blue Owl; warrants issued at $7.00

Five Point Holdings, LLC

Five Point (FPH) announces new residential land banking partnership via Hearthstone with funds managed by Blue Owl (OWL).
Five Point issued warrants to Blue Owl to purchase up to 1.5M Class A shares at $7.00, vesting on capital contribution thresholds from $500M to $1.7B.
If fully vested and exercised, warrants result in ~1% dilution; no immediate dilution or cash received.
Partnership targets acquisition of residential homesites in U.S. housing markets, leveraging Hearthstone's operating expertise.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Five Point Holdings, LLC issued up to an aggregate of 1,500,000 Class A common shares of warrant to certain affiliates of Blue Owl Capital Inc. for exercise price of $7.00 per Class A common share, subject to vesting and other terms and conditions of the Warrants.

Security: warrant
Shares: up to an aggregate of 1,500,000 Class A common shares
Purchaser: certain affiliates of Blue Owl Capital Inc.
Consideration: exercise price of $7.00 per Class A common share, subject to vesting and other terms and conditions of the Warrants

Exact text from the filing

On February 6, 2026, Five Point Holdings, LLC (the “Company”) issued to certain affiliates of Blue Owl Capital Inc. (collectively, the “Warrantholders”) warrants (the “Warrants”) to purchase up to an aggregate of 1,500,000 Class A common shares of the Company (the “Warrant Shares”) at an exercise price of $7.00 per Class A common share, subject to vesting and other terms and conditions of the Warrants.

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Five Point Holdings, LLC filing history →

Source: SEC EDGAR

accession 0001193125-26-044747

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