FivePoint Communities, Inc. an independent real estate development company jointly owned by Emile Haddad, formerly the Chief Investment Officer of Lennar Corporation, and the Lennar Corporation. FivePoint Communities acts as the development manager of Newhall Land Development, LLC (formerly LandSource), the redevelopment program for the former MCAS El Toro (now the Great Park Neighborhoods) and certain large-scale redevelopment communities in the San Francisco Bay Area. The major asset in Newhall Land Development is the 23,000 acre Newhall Ranch located in northern Los Angeles County. The Great Park Neighborhoods consist of approximately 2,400 acres of private development surrounding the 1,350 acre Great Park in the city of Irvine, CA.