Five Point Holdings, LLC Announces Changes to its Board of Directors
Five Point Holdings, (NYSE:FPH), a developer of large mixed-use planned communities in coastal California, has announced changes to its Board of Directors. Sam Levinson, Chief Investment Officer at Glick Family Investments, has been appointed to the Board following Glick's acquisition of Castlelake's equity interests in the Company. Concurrently, Evan Carruthers of Castlelake will step down from the Board.
Stuart Miller, Executive Chairman, expressed gratitude for Carruthers' contributions. Sam Levinson stated his belief in the Company's potential and excitement about growth opportunities. CEO Dan Hedigan welcomed Levinson, citing his success and experience in real estate investments as valuable assets for the Company's future.
Five Point Holdings, (NYSE:FPH), un sviluppatore di ampie comunità pianificate a uso misto sulla costa della California, ha annunciato modifiche al suo Consiglio di Amministrazione. Sam Levinson, Chief Investment Officer di Glick Family Investments, è stato nominato nel Consiglio dopo l'acquisizione da parte di Glick degli interessi azionari di Castlelake nella Società. Contemporaneamente, Evan Carruthers di Castlelake si dimetterà dal Consiglio.
Stuart Miller, Presidente Esecutivo, ha espresso gratitudine per i contributi di Carruthers. Sam Levinson ha dichiarato di credere nel potenziale della Società e di essere entusiasta delle opportunità di crescita. Il CEO Dan Hedigan ha dato il benvenuto a Levinson, citando il suo successo e la sua esperienza negli investimenti immobiliari come risorse preziose per il futuro della Società.
Five Point Holdings, (NYSE:FPH), un desarrollador de grandes comunidades planificadas de uso mixto en la costa de California, ha anunciado cambios en su Junta Directiva. Sam Levinson, Director de Inversiones de Glick Family Investments, ha sido tras la adquisición de los intereses de capital de Castlelake en la Compañía por parte de Glick. Al mismo tiempo, Evan Carruthers de Castlelake dejará la Junta.
Stuart Miller, Presidente Ejecutivo, expresó su gratitud por las contribuciones de Carruthers. Sam Levinson declaró creer en el potencial de la Compañía y sentirse emocionado por las oportunidades de crecimiento. El CEO Dan Hedigan dio la bienvenida a Levinson, citando su éxito y experiencia en inversiones inmobiliarias como activos valiosos para el futuro de la Compañía.
파이브 포인트 홀딩스(NYSE:FPH)는 캘리포니아 해안에 대규모 복합 개발 커뮤니티를 건설하는 개발업체로, 이사회의 변화를 발표했습니다. 글릭 패밀리 투자(Glick Family Investments)의 최고 투자 책임자(Sam Levinson)가 글릭의 캐슬레이크(Castlelake) 주식 인수 후 이사로 임명되었습니다. 동시에, 캐슬레이크의 에반 카루서(Evan Carruthers)는 이사회를 사임할 것입니다.
스튜어트 밀러(대통령 겸 회장)는 카루서의 기여에 감사를 표했습니다. 샘 레빈슨은 회사의 잠재력에 대한 신뢰와 성장 기회에 대한 기대감을 표현했습니다. CEO 댄 헤디건은 레빈슨을 환영하며 그의 성공과 부동산 투자 경험이 회사의 미래에 귀중한 자산이 될 것이라고 언급했습니다.
Five Point Holdings, (NYSE:FPH), un développeur de grandes communautés mixtes planifiées sur la côte californienne, a annoncé des changements dans son conseil d'administration. Sam Levinson, directeur des investissements de Glick Family Investments, a été nommé au conseil suite à l'acquisition par Glick des intérêts en capital de Castlelake dans la société. Parallèlement, Evan Carruthers de Castlelake va démissionner du conseil.
Stuart Miller, président exécutif, a exprimé sa gratitude pour les contributions de Carruthers. Sam Levinson a déclaré croire au potentiel de la société et être enthousiaste à propos des opportunités de croissance. Le PDG Dan Hedigan a accueilli Levinson, soulignant que son succès et son expérience dans les investissements immobiliers constituaient des atouts précieux pour l'avenir de la société.
Five Point Holdings, (NYSE:FPH), ein Entwickler großer, gemischt genutzter geplanter Gemeinschaften an der kalifornischen Küste, hat Änderungen im Vorstand angekündigt. Sam Levinson, Chief Investment Officer von Glick Family Investments, wurde nach dem Erwerb von Castlelake's Eigenkapitalanteilen an dem Unternehmen durch Glick in den Vorstand berufen. Gleichzeitig wird Evan Carruthers von Castlelake zurücktreten.
Stuart Miller, Vorsitzender, drückte seine Dankbarkeit für die Beiträge von Carruthers aus. Sam Levinson erklärte seinen Glauben an das Potenzial des Unternehmens und seine Begeisterung für Wachstumschancen. CEO Dan Hedigan begrüßte Levinson und nannte seinen Erfolg und seine Erfahrung im Immobilienbereich wertvolle Vermögenswerte für die Zukunft des Unternehmens.
- Appointment of Sam Levinson, an experienced real estate investor, to the Board of Directors
- Acquisition of Castlelake's equity interests by Glick Family Investments, potentially bringing fresh perspectives and investment
- Departure of Evan Carruthers from the Board, potentially losing valuable insights and experience
The appointment follows the recent sale disclosed by Castlelake, L.P. and its affiliated funds (“Castlelake”) to GFFP Holdings, LLC, an entity controlled by Glick, of all equity interests owned by Castlelake in the Company.
Five Point also announced today that Evan Carruthers, Castlelake’s Managing Partner, Chief Executive Officer and Chief Investment Officer, will be stepping down as a member of the Company’s Board concurrently with the closing of the transaction.
Stuart Miller, Executive Chairman of the Board, said, “Evan’s insight and guidance have been valuable in building a foundation and shaping the direction of the Company. His contributions to the Board and the partnership of Castlelake as a long-time investor in Five Point led us through several key milestones and has helped position the Company for continued growth. I’m grateful for everything we’ve accomplished together with Evan and wish him all the best.”
Sam Levinson, Chief Investment Officer of Glick, said, “We believe in the Company’s potential, the value of its land holdings in prime
Dan Hedigan, Chief Executive Officer of Five Point, said, “We are very pleased to have Sam join the Five Point Board. He brings a history of success and extensive experience in real estate investments. I look forward to his insights as we move forward to create value for our shareholders.”
About Five Point
Five Point, headquartered in
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Five Point Holdings, LLC
Investor Relations:
Kim Tobler, 949-425-5211
kim.tobler@fivepoint.com
Media:
Eric Morgan, 949-349-1088
eric.morgan@fivepoint.com
Source: Five Point Holdings, LLC
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