ALISO VIEJO, CA—FivePoint Communities, a spun-off unit of Lennar Corp., may be headed for an IPO, according to recent media reports.
The Orange County Register reported Tuesday that the Aliso Viejo firm had filed preliminary paperwork with the U.S. Securities and Exchange Commission for “a possible initial public offering of its class A common stock.”
Bloomberg said a spokesperson for the firm declined to comment on the report.
Five Point's Southern California communities include Newhall Ranch and Great Park Neighborhoods in Los Angeles. It is also involved in the Shipyard and Candlestick Point in San Francisco. Emile Haddad, formerly an executive at Miami-based Lennar, is chief executive officer of FivePoint, and would become Chairman CEO of the public company, the Register said.
Click Orange County Register to read the full story.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
