Five Point Holdings Sells 26 Acres Of Entitled Land In Valencia For $60.6M

A 26-acre development site in Valencia, owned by Five Point Holdings, has been sold for $60.6 million. The site is entitled for 146 homesites and is located at 27426 Navigation Avenue. This transaction showcases Five Point Holdings' positive Q3 earnings and growing cash reserves, as well as the continued interest from home builders in their planned communities throughout Southern California.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $60,600,000
• Address: 27426 Navigation Avenue, Valencia
• Market: Valencia
• ACRES: 26
• Seller: Five Point Holdings - Dan Hedigan

The sale of this development site was a significant achievement for Five Point Holdings. With their continued success and the ongoing interest from home builders in their planned communities, Five Point Holdings is well-positioned for further growth in the Southern California real estate market.