Timeline
Newhall Ranch Company established as a division of Newhall Land and Farming to create the next town to be called “Newhall Ranch”.
After 121 years of family ownership, Newhall Land and Farming as a family company ceased to exist – Lennar Corp. purchased Newhall Land and Farming, owned 50% by Lennar and 50% by LNR / Land Source Communities Development LLC. It ends being a publicly traded entity.
Lennar and LNR sold 34% interest in Land Source Communities to CalPERS for $970,000. Lennar retained 32% stake in Newhall Ranch with rights to the first option to purchase land owned by the mutual partnership.
LandSource and Newhall Land and Farming filed for Chapter 11 Bankruptcy – CalPERS lost its entire investment in NEWHALL RANCH because of the bankruptcy during the economic down turn at the time.
LandSource out of bankruptcy and under new control and new set of owners. Emile Haddad, former CFO of Lennar, to head the company. New Company is called “FIVE POINT”.LandSource out of bankruptcy and under new control and new set of owners. Emile Haddad, former CFO of Lennar, to head the company. New Company is called “FIVE POINT”.2015 Five Point Holding, Inc. announced it submitted a draft registration statement to the U.S. Securities and Exchange Commission for a possible initial public offering of Class A common Stock. Later declined offering.
Lennar entered into a Contribution and Sale Agreement to combine their entities and become part of Five Point Holdings, Inc. “Five Point”
Newhall Land formally “folded” into Five Point. The name Newhall Land will no longer exist.