San Francisco Bay Area's biggest developer files to go public

[dealmaker]

San Francisco Bay Area's biggest developer files to go public
Five Point Holdings LLC, the megadeveloper spin-off of Lennar Corp., has filed to go public. The Aliso Viejo-based developer is building the second phase of the San Francisco Shipyard and Candlestick Point, totaling 12,000 homes, as well as the 21,500-home Newhall Ranch project and 9,500-home Great Park Neighborhood in Southern California. (San Francisco Business Times)

 

[felixbocharov]

Might be a good buy, just for a diversification's sake.

 

[dealmaker]

Might be a good buy, just for a diversification's sake.

Developers are very susceptible during economic stagnation...

 

[Clubber Lang]

San Francisco Bay Area's biggest developer files to go public[/B]
Five Point Holdings LLC, the megadeveloper spin-off of Lennar Corp., has filed to go public. The Aliso Viejo-based developer is building the second phase of the San Francisco Shipyard and Candlestick Point, totaling 12,000 homes, as well as the 21,500-home Newhall Ranch project and 9,500-home Great Park Neighborhood in Southern California. (San Francisco Business Times)

Cashing out near the top?
Reminiscent of FIG, BX, etc going public in 2007 at ridiculous prices.

 

[peilthetraveler]

Cashing out near the top?
Reminiscent of FIG, BX, etc going public in 2007 at ridiculous prices.

Builders going public? Check!

Interest rates going up? Check!

Builder is about to double housing inventory in San Francisco? Check!

Buyers going nuts because San Francisco real estate "never goes down"? Check!

Boys...I think we may have spotted a top!

Any of you that have been here a while, remember this thread? Might be time to start part 3

https://elitetrader.com/et/threads/housing-rolling-along-2.44410/

 

[i960]

Might be a good buy, just for a diversification's sake.

More like a great short.

 

[felixbocharov]

More like a great short.

Why do you think that this is a great short?