<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019e2711-ec52-7f1a-b876-5dc2bb793bf9,g:1310fe01-85c1-4af6-ab1c-0d4958458e37-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:fph="http://fivepoint.com/20260630" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://fivepoint.com/20260630">
  <xs:import namespace="http://fasb.org/srt/2026" schemaLocation="https://xbrl.fasb.org/srt/2026/elts/srt-2026.xsd"/>
  <xs:import namespace="http://fasb.org/us-gaap/2026" schemaLocation="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd"/>
  <xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2026" schemaLocation="https://xbrl.sec.gov/dei/2026/dei-2026.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/ecd/2026" schemaLocation="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="fph-20260630_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="fph-20260630_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="fph-20260630_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="fph-20260630_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="CoverPage" roleURI="http://fivepoint.com/role/CoverPage">
        <link:definition>0000001 - Document - Cover Page</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONDENSEDCONSOLIDATEDBALANCESHEETS" roleURI="http://fivepoint.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS">
        <link:definition>9952151 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical" roleURI="http://fivepoint.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical">
        <link:definition>9952152 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONS" roleURI="http://fivepoint.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONS">
        <link:definition>9952153 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME" roleURI="http://fivepoint.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME">
        <link:definition>9952154 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONDENSEDCONSOLIDATEDSTATEMENTSOFCAPITAL" roleURI="http://fivepoint.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCAPITAL">
        <link:definition>9952155 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONDENSEDCONSOLIDATEDSTATEMENTSOFCAPITALParenthetical" roleURI="http://fivepoint.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCAPITALParenthetical">
        <link:definition>9952156 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CAPITAL (Parenthetical)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS" roleURI="http://fivepoint.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS">
        <link:definition>9952157 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BUSINESSANDORGANIZATION" roleURI="http://fivepoint.com/role/BUSINESSANDORGANIZATION">
        <link:definition>9952158 - Disclosure - BUSINESS AND ORGANIZATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BASISOFPRESENTATION" roleURI="http://fivepoint.com/role/BASISOFPRESENTATION">
        <link:definition>9952159 - Disclosure - BASIS OF PRESENTATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONS" roleURI="http://fivepoint.com/role/ACQUISITIONS">
        <link:definition>9952160 - Disclosure - ACQUISITIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REVENUES" roleURI="http://fivepoint.com/role/REVENUES">
        <link:definition>9952161 - Disclosure - REVENUES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTINUNCONSOLIDATEDENTITIES" roleURI="http://fivepoint.com/role/INVESTMENTINUNCONSOLIDATEDENTITIES">
        <link:definition>9952162 - Disclosure - INVESTMENT IN UNCONSOLIDATED ENTITIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NONCONTROLLINGINTERESTS" roleURI="http://fivepoint.com/role/NONCONTROLLINGINTERESTS">
        <link:definition>9952163 - Disclosure - NONCONTROLLING INTERESTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDVARIABLEINTERESTENTITY" roleURI="http://fivepoint.com/role/CONSOLIDATEDVARIABLEINTERESTENTITY">
        <link:definition>9952164 - Disclosure - CONSOLIDATED VARIABLE INTEREST ENTITY</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSNETRELATEDPARTY" roleURI="http://fivepoint.com/role/INTANGIBLEASSETSNETRELATEDPARTY">
        <link:definition>9952165 - Disclosure - INTANGIBLE ASSETS, NET &#8212; RELATED PARTY</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONS" roleURI="http://fivepoint.com/role/RELATEDPARTYTRANSACTIONS">
        <link:definition>9952166 - Disclosure - RELATED PARTY TRANSACTIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NOTESPAYABLENET" roleURI="http://fivepoint.com/role/NOTESPAYABLENET">
        <link:definition>9952167 - Disclosure - NOTES PAYABLE, NET</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="TAXRECEIVABLEAGREEMENT" roleURI="http://fivepoint.com/role/TAXRECEIVABLEAGREEMENT">
        <link:definition>9952168 - Disclosure - TAX RECEIVABLE AGREEMENT</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIES" roleURI="http://fivepoint.com/role/COMMITMENTSANDCONTINGENCIES">
        <link:definition>9952169 - Disclosure - COMMITMENTS AND CONTINGENCIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUPPLEMENTALCASHFLOWINFORMATION" roleURI="http://fivepoint.com/role/SUPPLEMENTALCASHFLOWINFORMATION">
        <link:definition>9952170 - Disclosure - SUPPLEMENTAL CASH FLOW INFORMATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTREPORTING" roleURI="http://fivepoint.com/role/SEGMENTREPORTING">
        <link:definition>9952171 - Disclosure - SEGMENT REPORTING</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SHAREBASEDCOMPENSATION" roleURI="http://fivepoint.com/role/SHAREBASEDCOMPENSATION">
        <link:definition>9952172 - Disclosure - SHARE-BASED COMPENSATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EMPLOYEEBENEFITPLANS" roleURI="http://fivepoint.com/role/EMPLOYEEBENEFITPLANS">
        <link:definition>9952173 - Disclosure - EMPLOYEE BENEFIT PLANS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INCOMETAXES" roleURI="http://fivepoint.com/role/INCOMETAXES">
        <link:definition>9952174 - Disclosure - INCOME TAXES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FINANCIALINSTRUMENTSANDFAIRVALUEMEASUREMENTSANDDISCLOSURES" roleURI="http://fivepoint.com/role/FINANCIALINSTRUMENTSANDFAIRVALUEMEASUREMENTSANDDISCLOSURES">
        <link:definition>9952175 - Disclosure - FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS AND DISCLOSURES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHARE" roleURI="http://fivepoint.com/role/EARNINGSPERSHARE">
        <link:definition>9952176 - Disclosure - EARNINGS PER SHARE</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACCUMULATEDOTHERCOMPREHENSIVELOSS" roleURI="http://fivepoint.com/role/ACCUMULATEDOTHERCOMPREHENSIVELOSS">
        <link:definition>9952177 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE LOSS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BASISOFPRESENTATIONPolicies" roleURI="http://fivepoint.com/role/BASISOFPRESENTATIONPolicies">
        <link:definition>9955511 - Disclosure - BASIS OF PRESENTATION (Policies)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BASISOFPRESENTATIONTables" roleURI="http://fivepoint.com/role/BASISOFPRESENTATIONTables">
        <link:definition>9955512 - Disclosure - BASIS OF PRESENTATION (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONSTables" roleURI="http://fivepoint.com/role/ACQUISITIONSTables">
        <link:definition>9955513 - Disclosure - ACQUISITIONS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REVENUESTables" roleURI="http://fivepoint.com/role/REVENUESTables">
        <link:definition>9955514 - Disclosure - REVENUES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTINUNCONSOLIDATEDENTITIESTables" roleURI="http://fivepoint.com/role/INVESTMENTINUNCONSOLIDATEDENTITIESTables">
        <link:definition>9955515 - Disclosure - INVESTMENT IN UNCONSOLIDATED ENTITIES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NONCONTROLLINGINTERESTSTables" roleURI="http://fivepoint.com/role/NONCONTROLLINGINTERESTSTables">
        <link:definition>9955516 - Disclosure - NONCONTROLLING INTERESTS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSNETRELATEDPARTYTables" roleURI="http://fivepoint.com/role/INTANGIBLEASSETSNETRELATEDPARTYTables">
        <link:definition>9955517 - Disclosure - INTANGIBLE ASSETS, NET &#8212; RELATED PARTY (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONSTables" roleURI="http://fivepoint.com/role/RELATEDPARTYTRANSACTIONSTables">
        <link:definition>9955518 - Disclosure - RELATED PARTY TRANSACTIONS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NOTESPAYABLENETTables" roleURI="http://fivepoint.com/role/NOTESPAYABLENETTables">
        <link:definition>9955519 - Disclosure - NOTES PAYABLE, NET (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIESTables" roleURI="http://fivepoint.com/role/COMMITMENTSANDCONTINGENCIESTables">
        <link:definition>9955520 - Disclosure - COMMITMENTS AND CONTINGENCIES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUPPLEMENTALCASHFLOWINFORMATIONTables" roleURI="http://fivepoint.com/role/SUPPLEMENTALCASHFLOWINFORMATIONTables">
        <link:definition>9955521 - Disclosure - SUPPLEMENTAL CASH FLOW INFORMATION (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTREPORTINGTables" roleURI="http://fivepoint.com/role/SEGMENTREPORTINGTables">
        <link:definition>9955522 - Disclosure - SEGMENT REPORTING (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SHAREBASEDCOMPENSATIONTables" roleURI="http://fivepoint.com/role/SHAREBASEDCOMPENSATIONTables">
        <link:definition>9955523 - Disclosure - SHARE-BASED COMPENSATION (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EMPLOYEEBENEFITPLANSTables" roleURI="http://fivepoint.com/role/EMPLOYEEBENEFITPLANSTables">
        <link:definition>9955524 - Disclosure - EMPLOYEE BENEFIT PLANS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHARETables" roleURI="http://fivepoint.com/role/EARNINGSPERSHARETables">
        <link:definition>9955525 - Disclosure - EARNINGS PER SHARE (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BUSINESSANDORGANIZATIONDetails" roleURI="http://fivepoint.com/role/BUSINESSANDORGANIZATIONDetails">
        <link:definition>9955526 - Disclosure - BUSINESS AND ORGANIZATION (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="BASISOFPRESENTATIONDetails" roleURI="http://fivepoint.com/role/BASISOFPRESENTATIONDetails">
        <link:definition>9955527 - Disclosure - BASIS OF PRESENTATION (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONSAdditionalInformationDetails" roleURI="http://fivepoint.com/role/ACQUISITIONSAdditionalInformationDetails">
        <link:definition>9955528 - Disclosure - ACQUISITIONS - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONSScheduleofAssetsAcquiredandLiabilitiesAssumedDetails" roleURI="http://fivepoint.com/role/ACQUISITIONSScheduleofAssetsAcquiredandLiabilitiesAssumedDetails">
        <link:definition>9955529 - Disclosure - ACQUISITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONSScheduleofProFormaInformationDetails" roleURI="http://fivepoint.com/role/ACQUISITIONSScheduleofProFormaInformationDetails">
        <link:definition>9955530 - Disclosure - ACQUISITIONS - Schedule of Pro Forma Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REVENUESScheduleofDisaggregationofRevenueDetails" roleURI="http://fivepoint.com/role/REVENUESScheduleofDisaggregationofRevenueDetails">
        <link:definition>9955531 - Disclosure - REVENUES - Schedule of Disaggregation of Revenue (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REVENUESAdditionalInformationDetails" roleURI="http://fivepoint.com/role/REVENUESAdditionalInformationDetails">
        <link:definition>9955532 - Disclosure - REVENUES - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTINUNCONSOLIDATEDENTITIESAdditionalInformationDetails" roleURI="http://fivepoint.com/role/INVESTMENTINUNCONSOLIDATEDENTITIESAdditionalInformationDetails">
        <link:definition>9955533 - Disclosure - INVESTMENT IN UNCONSOLIDATED ENTITIES - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTINUNCONSOLIDATEDENTITIESScheduleofSummarizedStatementofOperationsDetails" roleURI="http://fivepoint.com/role/INVESTMENTINUNCONSOLIDATEDENTITIESScheduleofSummarizedStatementofOperationsDetails">
        <link:definition>9955534 - Disclosure - INVESTMENT IN UNCONSOLIDATED ENTITIES - Schedule of Summarized Statement of Operations (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTINUNCONSOLIDATEDENTITIESScheduleofSummarizedBalanceSheetDataDetails" roleURI="http://fivepoint.com/role/INVESTMENTINUNCONSOLIDATEDENTITIESScheduleofSummarizedBalanceSheetDataDetails">
        <link:definition>9955535 - Disclosure - INVESTMENT IN UNCONSOLIDATED ENTITIES - Schedule of Summarized Balance Sheet Data (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NONCONTROLLINGINTERESTSAdditionalInformationDetails" roleURI="http://fivepoint.com/role/NONCONTROLLINGINTERESTSAdditionalInformationDetails">
        <link:definition>9955536 - Disclosure - NONCONTROLLING INTERESTS - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NONCONTROLLINGINTERESTSScheduleofRedeemableNoncontrollingInterestDetails" roleURI="http://fivepoint.com/role/NONCONTROLLINGINTERESTSScheduleofRedeemableNoncontrollingInterestDetails">
        <link:definition>9955537 - Disclosure - NONCONTROLLING INTERESTS - Schedule of Redeemable Noncontrolling Interest (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDVARIABLEINTERESTENTITYDetails" roleURI="http://fivepoint.com/role/CONSOLIDATEDVARIABLEINTERESTENTITYDetails">
        <link:definition>9955538 - Disclosure - CONSOLIDATED VARIABLE INTEREST ENTITY (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSNETRELATEDPARTYAdditionalInformationDetails" roleURI="http://fivepoint.com/role/INTANGIBLEASSETSNETRELATEDPARTYAdditionalInformationDetails">
        <link:definition>9955539 - Disclosure - INTANGIBLE ASSETS, NET &#8212; RELATED PARTY - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSNETRELATEDPARTYScheduleofFiniteLivedIntangibleAssetsDetails" roleURI="http://fivepoint.com/role/INTANGIBLEASSETSNETRELATEDPARTYScheduleofFiniteLivedIntangibleAssetsDetails">
        <link:definition>9955540 - Disclosure - INTANGIBLE ASSETS, NET &#8212; RELATED PARTY - Schedule of Finite-Lived Intangible Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONSScheduleofRelatedPartyAssetsandLiabilitiesDetails" roleURI="http://fivepoint.com/role/RELATEDPARTYTRANSACTIONSScheduleofRelatedPartyAssetsandLiabilitiesDetails">
        <link:definition>9955541 - Disclosure - RELATED PARTY TRANSACTIONS - Schedule of Related Party Assets and Liabilities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONSAdditionalInformationDetails" roleURI="http://fivepoint.com/role/RELATEDPARTYTRANSACTIONSAdditionalInformationDetails">
        <link:definition>9955542 - Disclosure - RELATED PARTY TRANSACTIONS - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NOTESPAYABLENETScheduleofLongtermDebtInstrumentsDetails" roleURI="http://fivepoint.com/role/NOTESPAYABLENETScheduleofLongtermDebtInstrumentsDetails">
        <link:definition>9955543 - Disclosure - NOTES PAYABLE, NET - Schedule of Long-term Debt Instruments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="NOTESPAYABLENETAdditionalInformationDetails" roleURI="http://fivepoint.com/role/NOTESPAYABLENETAdditionalInformationDetails">
        <link:definition>9955544 - Disclosure - NOTES PAYABLE, NET - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="TAXRECEIVABLEAGREEMENTDetails" roleURI="http://fivepoint.com/role/TAXRECEIVABLEAGREEMENTDetails">
        <link:definition>9955545 - Disclosure - TAX RECEIVABLE AGREEMENT (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIESScheduleofSupplementalBalanceSheetInformationDetails" roleURI="http://fivepoint.com/role/COMMITMENTSANDCONTINGENCIESScheduleofSupplementalBalanceSheetInformationDetails">
        <link:definition>9955546 - Disclosure - COMMITMENTS AND CONTINGENCIES - Schedule of Supplemental Balance Sheet Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIESAdditionalInformationDetails" roleURI="http://fivepoint.com/role/COMMITMENTSANDCONTINGENCIESAdditionalInformationDetails">
        <link:definition>9955547 - Disclosure - COMMITMENTS AND CONTINGENCIES - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUPPLEMENTALCASHFLOWINFORMATIONScheduleofSupplementalCashFlowInformationDetails" roleURI="http://fivepoint.com/role/SUPPLEMENTALCASHFLOWINFORMATIONScheduleofSupplementalCashFlowInformationDetails">
        <link:definition>9955548 - Disclosure - SUPPLEMENTAL CASH FLOW INFORMATION - Schedule of Supplemental Cash Flow Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUPPLEMENTALCASHFLOWINFORMATIONScheduleofCondensedCashFlowInformationDetails" roleURI="http://fivepoint.com/role/SUPPLEMENTALCASHFLOWINFORMATIONScheduleofCondensedCashFlowInformationDetails">
        <link:definition>9955549 - Disclosure - SUPPLEMENTAL CASH FLOW INFORMATION - Schedule of Condensed Cash Flow Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTREPORTINGAdditionalInformationDetails" roleURI="http://fivepoint.com/role/SEGMENTREPORTINGAdditionalInformationDetails">
        <link:definition>9955550 - Disclosure - SEGMENT REPORTING - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTREPORTINGScheduleofRevenuesandProfitLossDetails" roleURI="http://fivepoint.com/role/SEGMENTREPORTINGScheduleofRevenuesandProfitLossDetails">
        <link:definition>9955551 - Disclosure - SEGMENT REPORTING - Schedule of Revenues and Profit (Loss) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTREPORTINGScheduleofAssetsDetails" roleURI="http://fivepoint.com/role/SEGMENTREPORTINGScheduleofAssetsDetails">
        <link:definition>9955552 - Disclosure - SEGMENT REPORTING - Schedule of Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SHAREBASEDCOMPENSATIONAdditionalInformationDetails" roleURI="http://fivepoint.com/role/SHAREBASEDCOMPENSATIONAdditionalInformationDetails">
        <link:definition>9955553 - Disclosure - SHARE-BASED COMPENSATION - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SHAREBASEDCOMPENSATIONScheduleofSharebasedCompensationRestrictedStockandRestrictedStockUnitsActivityDetails" roleURI="http://fivepoint.com/role/SHAREBASEDCOMPENSATIONScheduleofSharebasedCompensationRestrictedStockandRestrictedStockUnitsActivityDetails">
        <link:definition>9955554 - Disclosure - SHARE-BASED COMPENSATION - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EMPLOYEEBENEFITPLANSDetails" roleURI="http://fivepoint.com/role/EMPLOYEEBENEFITPLANSDetails">
        <link:definition>9955555 - Disclosure - EMPLOYEE BENEFIT PLANS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INCOMETAXESDetails" roleURI="http://fivepoint.com/role/INCOMETAXESDetails">
        <link:definition>9955556 - Disclosure - INCOME TAXES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FINANCIALINSTRUMENTSANDFAIRVALUEMEASUREMENTSANDDISCLOSURESDetails" roleURI="http://fivepoint.com/role/FINANCIALINSTRUMENTSANDFAIRVALUEMEASUREMENTSANDDISCLOSURESDetails">
        <link:definition>9955557 - Disclosure - FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS AND DISCLOSURES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREAdditionalInformationDetails" roleURI="http://fivepoint.com/role/EARNINGSPERSHAREAdditionalInformationDetails">
        <link:definition>9955558 - Disclosure - EARNINGS PER SHARE - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREScheduleofEarningsPerShareDetails" roleURI="http://fivepoint.com/role/EARNINGSPERSHAREScheduleofEarningsPerShareDetails">
        <link:definition>9955559 - Disclosure - EARNINGS PER SHARE - Schedule of Earnings Per Share (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACCUMULATEDOTHERCOMPREHENSIVELOSSDetails" roleURI="http://fivepoint.com/role/ACCUMULATEDOTHERCOMPREHENSIVELOSSDetails">
        <link:definition>9955560 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE LOSS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="fph_TaxReceivableAgreementLiabilityNoncurrent" abstract="false" name="TaxReceivableAgreementLiabilityNoncurrent" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_OperatingPropertiesMember" abstract="true" name="OperatingPropertiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_AdjustmentstoAdditionalPaidinCapitalTaxReceivableAgreementInitialLiability" abstract="false" name="AdjustmentstoAdditionalPaidinCapitalTaxReceivableAgreementInitialLiability" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_NoncontrollingInterestAdjustmentFromNetEquityTransactionsFromShareBasedCompensationPlan" abstract="false" name="NoncontrollingInterestAdjustmentFromNetEquityTransactionsFromShareBasedCompensationPlan" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_AdjustmentstoAdditionalPaidinCapitalIncomeTaxFromTaxReceivableAgreement" abstract="false" name="AdjustmentstoAdditionalPaidinCapitalIncomeTaxFromTaxReceivableAgreement" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_GreatParkVentureMember" abstract="true" name="GreatParkVentureMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_GatewayCommercialVentureLLCAMember" abstract="true" name="GatewayCommercialVentureLLCAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_OtherEquityMethodInvestmentsMember" abstract="true" name="OtherEquityMethodInvestmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_PaymentUnderTaxReceivableAgreement" abstract="false" name="PaymentUnderTaxReceivableAgreement" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_TaxReceivableAgreementTextBlock" abstract="false" name="TaxReceivableAgreementTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="fph_AssetsAndLiabilitiesLesseeTableTextBlock" abstract="false" name="AssetsAndLiabilitiesLesseeTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="fph_FivePointOperatingCompanyLPMember" abstract="true" name="FivePointOperatingCompanyLPMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_FivePointLandLLCMember" abstract="true" name="FivePointLandLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_SanFranciscoVentureMember" abstract="true" name="SanFranciscoVentureMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_FPOVHIMemberLLCMember" abstract="true" name="FPOVHIMemberLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_TheSanFranciscoVentureMember" abstract="true" name="TheSanFranciscoVentureMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_FivePointOfficeVentureHoldingsILLCAcquisitionMember" abstract="true" name="FivePointOfficeVentureHoldingsILLCAcquisitionMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneResidentialHoldingsLLCMember" abstract="true" name="HearthstoneResidentialHoldingsLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HeritageFieldsLLCMember" abstract="true" name="HeritageFieldsLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_CommonStockNumberofVotesforEachShareOwned" abstract="false" name="CommonStockNumberofVotesforEachShareOwned" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_StockDistributionsPercentageOfDistributionToOtherShares" abstract="false" name="StockDistributionsPercentageOfDistributionToOtherShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="fph_SubsidiaryPercentageOwnership" abstract="false" name="SubsidiaryPercentageOwnership" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_NoncontrollingInterestStockholdersRighttoExchangeConversionRatio" abstract="false" name="NoncontrollingInterestStockholdersRighttoExchangeConversionRatio" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="fph_MarketCapitalizationAmount" abstract="false" name="MarketCapitalizationAmount" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_BusinessAcquisitionRightofDistributionsPercentage" abstract="false" name="BusinessAcquisitionRightofDistributionsPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_NumberofVotingMembers" abstract="false" name="NumberofVotingMembers" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_NumberofVotesManagement" abstract="false" name="NumberofVotesManagement" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_PercentageofVotingMembersRequiredForApproval" abstract="false" name="PercentageofVotingMembersRequiredForApproval" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_NumberofVotesCompany" abstract="false" name="NumberofVotesCompany" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_NumberofVotesEachMemberofCompany" abstract="false" name="NumberofVotesEachMemberofCompany" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_NumberOfVotingMembersAppointedByCompany" abstract="false" name="NumberOfVotingMembersAppointedByCompany" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_OtherNonoperatingIncomeMiscellaneous" abstract="false" name="OtherNonoperatingIncomeMiscellaneous" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_HearthstoneVentureMember" abstract="true" name="HearthstoneVentureMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_InvestorRelationshipsMember" abstract="true" name="InvestorRelationshipsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_JointVentureProjectsMember" abstract="true" name="JointVentureProjectsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_BusinessCombinationKeyAssumptionsFundLevelDistributionCashFlowsPercentage" abstract="false" name="BusinessCombinationKeyAssumptionsFundLevelDistributionCashFlowsPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_BusinessCombinationRecognizedAssetAcquiredInvestmentInDebtAndEquitySecurities" abstract="false" name="BusinessCombinationRecognizedAssetAcquiredInvestmentInDebtAndEquitySecurities" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_BusinessCombinationRecognizedAssetAcquiredOtherAssets" abstract="false" name="BusinessCombinationRecognizedAssetAcquiredOtherAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_BusinessCombinationRecognizedLiabilityAssumedAccountsPayableAndOtherLiabilities" abstract="false" name="BusinessCombinationRecognizedLiabilityAssumedAccountsPayableAndOtherLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_ValenciaMember" abstract="true" name="ValenciaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_SanFranciscoMember" abstract="true" name="SanFranciscoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_ContractAssetsLegacyIncentiveCompensationReceivableMember" abstract="true" name="ContractAssetsLegacyIncentiveCompensationReceivableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneVentureFundsMember" abstract="true" name="HearthstoneVentureFundsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HomesitesSoldMember" abstract="true" name="HomesitesSoldMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_FivePointGatewayCampusMember" abstract="true" name="FivePointGatewayCampusMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_DistributionMadeToLimitedLiabilityCompanyLLCMemberPercentageInterestsDistributionPaidAggregate" abstract="false" name="DistributionMadeToLimitedLiabilityCompanyLLCMemberPercentageInterestsDistributionPaidAggregate" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_ProceedsFromEquityMethodInvestmentAggregateDistribution" abstract="false" name="ProceedsFromEquityMethodInvestmentAggregateDistribution" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_EquityMethodInvestmentsNumberofGoverningIndividuals" abstract="false" name="EquityMethodInvestmentsNumberofGoverningIndividuals" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_NumberofBuildings" abstract="false" name="NumberofBuildings" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_AreaOfCampus" abstract="false" name="AreaOfCampus" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:areaItemType"/>
  <xs:element id="fph_SquareFootageOfBuilding" abstract="false" name="SquareFootageOfBuilding" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:areaItemType"/>
  <xs:element id="fph_AdditionalSquareFootageDevelopmentRights" abstract="false" name="AdditionalSquareFootageDevelopmentRights" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:areaItemType"/>
  <xs:element id="fph_LandSalesAffiliatedEntityAndThirdPartyMember" abstract="true" name="LandSalesAffiliatedEntityAndThirdPartyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_LandSalesMember" abstract="true" name="LandSalesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneVentureNoncontrollingInterestsMember" abstract="true" name="HearthstoneVentureNoncontrollingInterestsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_FivePointOperatingCompanyLLCMember" abstract="true" name="FivePointOperatingCompanyLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_ConversionofClassBCommonSharesIntoClassACommonSharesMember" abstract="true" name="ConversionofClassBCommonSharesIntoClassACommonSharesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneInc.AndAffiliatedTrustsMember" abstract="true" name="HearthstoneInc.AndAffiliatedTrustsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneVentureClassBUnitNoncontrollingInterestsMember" abstract="true" name="HearthstoneVentureClassBUnitNoncontrollingInterestsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneVentureClassAUnitNoncontrollingInterestsMember" abstract="true" name="HearthstoneVentureClassAUnitNoncontrollingInterestsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneVentureClassAUnitsMember" abstract="true" name="HearthstoneVentureClassAUnitsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_NoncontrollingInterestStockholdersRightToExchangeHoldingPeriod" abstract="false" name="NoncontrollingInterestStockholdersRightToExchangeHoldingPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="fph_CommonStockConversionRatio" abstract="false" name="CommonStockConversionRatio" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="fph_NumberofClassesOfMembershipUnits" abstract="false" name="NumberofClassesOfMembershipUnits" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="fph_LimitedLiabilityCompanyorLimitedPartnershipRedemptionThreshold" abstract="false" name="LimitedLiabilityCompanyorLimitedPartnershipRedemptionThreshold" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_AuthorizedRedemptionPercent" abstract="false" name="AuthorizedRedemptionPercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_AuthorizedRedemptionAmount" abstract="false" name="AuthorizedRedemptionAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_MaximumPayableAmount" abstract="false" name="MaximumPayableAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_SpendingAgreement" abstract="false" name="SpendingAgreement" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_HearthstoneProfessionalEntitiesNoncontrollingInterestsMember" abstract="true" name="HearthstoneProfessionalEntitiesNoncontrollingInterestsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_TemporaryEquityIncreaseDecreaseInUnitConversions" abstract="false" name="TemporaryEquityIncreaseDecreaseInUnitConversions" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_FPLPAndFPLMember" abstract="true" name="FPLPAndFPLMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_VariableInterestEntityDistributionPercentage" abstract="false" name="VariableInterestEntityDistributionPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_HearthstoneIntangibleAssetsMember" abstract="true" name="HearthstoneIntangibleAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_IncentiveCompensationMember" abstract="true" name="IncentiveCompensationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_ContractAssetsMember" abstract="true" name="ContractAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_OtherMember" abstract="true" name="OtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_ReimbursementObligationMember" abstract="true" name="ReimbursementObligationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_ContractAssetsNonLegacyIncentiveCompensationReceivableMember" abstract="true" name="ContractAssetsNonLegacyIncentiveCompensationReceivableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_DevelopmentManagementAgreementMember" abstract="true" name="DevelopmentManagementAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_ContractLiabilitiesLegacyIncentiveCompensationReceivableMember" abstract="true" name="ContractLiabilitiesLegacyIncentiveCompensationReceivableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_PerformanceFeeContractAssetsMember" abstract="true" name="PerformanceFeeContractAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_PerformanceFeeMember" abstract="true" name="PerformanceFeeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_PercentageOfDistributionsDuringInitialTerm" abstract="false" name="PercentageOfDistributionsDuringInitialTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_PercentageOfDistributionsAfterInitialTerm" abstract="false" name="PercentageOfDistributionsAfterInitialTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_OtherLiabilitiesPrincipalPayment" abstract="false" name="OtherLiabilitiesPrincipalPayment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_OtherLiabilitiesInterestPayment" abstract="false" name="OtherLiabilitiesInterestPayment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_SeniorNotesDue20308.000Member" abstract="true" name="SeniorNotesDue20308.000Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_VariableRateComponentAxis" abstract="true" name="VariableRateComponentAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="fph_VariableRateComponentDomain" abstract="true" name="VariableRateComponentDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_VariableRateComponentTwoMember" abstract="true" name="VariableRateComponentTwoMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_AggregatePaymentsforContractualObligation" abstract="false" name="AggregatePaymentsforContractualObligation" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_BlueOwlWarrantsMember" abstract="true" name="BlueOwlWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HuntersPointLitigationMember" abstract="true" name="HuntersPointLitigationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_InterestPaidCapitalizedOperatingActivities" abstract="false" name="InterestPaidCapitalizedOperatingActivities" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_OperatingLeaseExpenseNoncash" abstract="false" name="OperatingLeaseExpenseNoncash" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_RecognitionofTaxReceivableAgreementLiability" abstract="false" name="RecognitionofTaxReceivableAgreementLiability" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_NumberOfReportableSegmentsDisclosedByDefinitionFlag" abstract="false" name="NumberOfReportableSegmentsDisclosedByDefinitionFlag" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="fph_TotalOperatingSegmentsMember" abstract="true" name="TotalOperatingSegmentsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_HearthstoneMember" abstract="true" name="HearthstoneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_GreatParkSegmentMember" abstract="true" name="GreatParkSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_InventoryCostReimbursementAndRecoveries" abstract="false" name="InventoryCostReimbursementAndRecoveries" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_NotesPayableCarryingValue" abstract="false" name="NotesPayableCarryingValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_CommonClassAStockholdersShareOwnershipDistributionPercentage" abstract="false" name="CommonClassAStockholdersShareOwnershipDistributionPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="fph_PerformanceRestrictedStockUnitsRSUsMember" abstract="true" name="PerformanceRestrictedStockUnitsRSUsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="fph_AdjustmentsToNetIncomeLossAttributableToParent" abstract="false" name="AdjustmentsToNetIncomeLossAttributableToParent" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_AllocationOfNetIncomeLossToCommonStockholdersBasic" abstract="false" name="AllocationOfNetIncomeLossToCommonStockholdersBasic" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="fph_ReallocationOfIncomeLossToParentUponAssumedExchangeOfCommonUnitsDiluted" abstract="false" name="ReallocationOfIncomeLossToParentUponAssumedExchangeOfCommonUnitsDiluted" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
