Five Point Communities owns and develops large-scale mixed-use planned communities across California's major markets, including Valencia in Los Angeles County, Candlestick and The San Francisco Shipyard in San Francisco County, and Great Park Neighborhoods in Orange County, with a combined footprint of approximately 20 million square feet of commercial space and roughly 40,000 homes built or planned. The company generates revenue primarily by selling residential and commercial land sites to homebuilders and developers, often with participation provisions that allow it to share in homebuilder profits, as well as providing development management services for community infrastructure and amenities. Additionally, Five Point operates Hearthstone, a residential asset management platform that acquires entitled residential land and partners with homebuilders through option and development agreements across multiple states, generating fees for capital and asset management services while the company retains the option to selectively hold onto income-producing commercial or multi-family properties.