Five Point Holdings to Acquire Controlling Interest in Hearthstone Residential Holdings
June 20, 2025
Five Point Holdings, LLC entered into a definitive agreement to acquire a controlling 75% interest in Hearthstone Residential Holdings, LLC, a newly formed entity that will include substantially all of Hearthstone’s operations. The venture is designed to expand access to flexible, off-balance sheet capital for U.S. homebuilders using land-light strategies, combining Five Point’s development expertise with Hearthstone’s capital solutions platform.
- Buyers
- Five Point Holdings, LLC
- Targets
- Hearthstone Residential Holdings, LLC, Hearthstone, Inc.
- Sellers
- Entities affiliated with Mark Porath (Hearthstone Founder and CEO)
- Industry
- Real Estate
- Location
- California, United States
- Transaction Type
- Buyout
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