Five Point Holdings, LLC (NYSE:FPH) Q4 2022 Earnings Call Transcript

Valencia we have actually some sites that are – I kind of call them really more of infill sites that were in the early parts of the Mission Village, which is what we kind of call the first area there. They’re actually ready to go. They’re all of them structures in them and everything is stubbed. And then we have some other areas that we need to go back that are still mass grading streets cut. The storm drains are in but we’re going to need to go back in and pay them out and put in wets and dries. But once again, we’re – the next areas we go into there, that’s kind of where we’re at. The mass grading, let’s say, streets are gutted. Storm drains are in. So we’re in pretty good shape there also, but it will take a little more capital there as we move forward.

Robert Heimowitz: Okay. Thank you.

Operator: Thank you. Ladies and gentlemen, this concludes the question-and-answer session. I’d like to turn the call back to Dan Hedigan for closing remarks.

Dan Hedigan: Thank you. On behalf of our management team, we thank you for joining us on today’s call and we look forward to speaking with you next quarter. Thanks everyone.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.