Current Report Filing (8-k)
May 28 2020 - 8:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
May 28, 2020
Date
of report (date of earliest event reported)
FIVE POINT
HOLDINGS, LLC
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware
|
|
001-38088
|
|
27-0599397
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
15131 Alton Parkway, 4th Floor, Irvine, California
|
|
92618
|
(Address of principal executive offices)
|
|
(Zip Code)
|
(949) 349-1000
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below):
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
|
Title of each class
|
|
Trading
Symbol(s)
|
|
Name of each exchange
on which registered
|
Class A common shares
|
|
FPH
|
|
New York Stock Exchange
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☒
Item 7.01
|
Regulation FD Disclosure.
|
On May 28, 2020, Five Point Holdings, LLC (the Company) issued a press release announcing the sale of approximately 11 acres of land,
including an approximately 189,000 square foot building, at the Five Point Gateway Campus in Irvine, California. The land and building were sold for a purchase price of $108 million by the Companys
non-consolidated joint venture (the Gateway Venture) to City of Hope, which intends to develop and operate a comprehensive outpatient cancer care center and build a future acute care hospital
specializing in cancer on the property. The Company owns a 75% interest in the Gateway Venture, and the net proceeds from the sale generated a distribution to the Company of approximately $56.3 million. The Five Point Gateway Campus includes
approximately one million square feet planned for research and development and office space in four buildings, including the building sold to City of Hope that will be converted from an office building into the outpatient cancer center. The Gateway
Venture still owns the remaining three buildings. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01
|
Financial Statements and Exhibits.
|
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned duly authorized.
Date: May 28, 2020
|
|
|
FIVE POINT HOLDINGS, LLC
|
|
|
By:
|
|
/s/ Michael Alvarado
|
Name:
|
|
Michael Alvarado
|
Title:
|
|
Chief Legal Officer, Vice President and Secretary
|
Five Point (NYSE:FPH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Five Point (NYSE:FPH)
Historical Stock Chart
From Jul 2023 to Jul 2024