I mean, you all are private developers? And Justin, you pointed to this as well, which is how do we make sure that as we bring those resources, those resources stay there, and they circulate. He increased his investment 667 times over. Josh: Yeah, so it goes back to something I said earlier. And, you know, our first deal that we actually ever tried to take on as a company was really ambitious, no question. I thought if youre going to get involved in something, get involved in something that everybody has to have everybody has to eat, Bridgeman said. The former NBA guard-forward is probably best known for leaving the league after four successful seasons in Atlanta to play in Greece in an uncommon move that made him the highest-paid player overseas. And I would thoroughly enjoy that because I do enjoy, you know, working with Alex and Lisa and the team over there. Thank you Justin Nunez and Liz Stiverson for your support and leadership with #TPGNEXT. And I think it's a big part of your success. Josh, love the glasses. Select Accept to consent or Reject to decline non-essential cookies for this use. You know, the legislation was brought about to impact change and create some economic mobility in some of these areas that really need it. Stanford University. Interesting enough, I don't think my boss knew this when he assigned me to this project, but I grew up on Manchester, in the city Inglewood with my mother. LandSpire Group is the first ever Investor-in-Residence in the firm's history. How Do We Solve the Looming Eviction Crisis? Stanford, California 94305. The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities. TPG Announces Launch of TPG NEXT to Seed and Support the Next Generation of Diverse Investors and Entrepreneurs. So it's also about informing and educating the community. Justiin Davis has been described by The Huffington Post as "One to watch out for!" Weve had All-Stars and role players, guys who spent a lot of time in the league and guys who just spend a little bit of time in the league, come through our programs, Murman said. We provide a variety of flexible housing lending products designed to help local groups bring development projects to fruition, with loans and funds covering every phase of development from pre development to permanent financing. https://lnkd.in/gYhmksy, In March of 2021, TPG invested in LandSpire Group and created its Investors-in-Residence program, which has given me, Justin D., and Treana L. Allen, Esq. So growing up, you know, always really envisioned myself as a business owner, even at a young age, and, you know, having the opportunity to go to Stanford really allowed me to see, you know, business at a high level in Silicon Valley. Harlem Capital closed its inaugural fund in December of 2019 with more than $40 million in capital commitments. TPG NEXT partners will have access to the firms complete ecosystem, including its investment professionals, business development and capital formation functions, and services teams. And I really feel like this tool can really help impact the change we need in these communities all around the country. Through TPG NEXT, we believe we can bring the right combination of capital, operating resources, and expertise to help expand the traditionally narrow path to success in our industry and create and scale a differentiated category of diverse investing.. We don't want capital to leave the community, we want it to stay there. And so, what can we do, as a country to, you know, help people help themselves? It's something that you're bringing in. How are you all looking at holistically focusing on a housing instability to make sure we create more stable options for people in South Los Angeles? I mean, had I not had a gym near my house, I dont know what I would have done. He's been in the real estate industry for the past seven years and is also a part of this year's LISC cohort of 2020 2022 housing development training institute fellows. And, you know, having more individuals just get access to and exposure to the power of commercial real estate is a big goal of ours. You mentioned Opportunity Zones briefly a minute ago, you mentioned that your partner Justin is from Oakland and you yourself, Josh, you were brought up in Compton. So it's not just us coming into the community and saying like, this is how it needs to be. We were joined today by three professionals, one in the private sector focused on making sure that affordable housing not only provides a valuable return, but it's also something that provides a valuable return to community and to individuals, and to circulate and make sure that resources stay in community. So go check out Josh on social media. And, you know, we saw the Opportunity Zone legislation and the impact that it would have in communities like the ones we grew up in, Im from Compton originally, and Justins from the Oakland area. I left that career summit feeling like I had to make some things happen, Childress said. We also will run features such as this one to complement certain players and moments throughout our series. His father worked in the steel mills, from Chicago to Gary, Ind. Are you simply in it for return? WebView the profiles of professionals named "Justin Davis - Ex-amazon" on LinkedIn. More on our vision and the inaugural #TPGNEXT portfolio. In addition to its GP seed commitments, TPG has partnered with the National Association of Investment Companies (NAIC). Putting the community at the center, engaging them giving them an opportunity to self determine what goes there. We have a youth department. Logging in lets you access other protected Stanford websites with this browser, not just the website you requested. WebJustin D. Expand search. Joining LISC LA for this conversation are: Alexis Laing is a Sr. Project Manager at BRIDGE Housing. Pat Connaughton has a real-estate business in Milwaukee. By 2016, Bridgeman Foods Inc. was the second-largest franchisee for Wendys restaurants in the world. Bridgemans success story is much different from Jordans, or Magics, or even LeBron James (who is still playing), because he didnt have a multimillion-dollar war chest built from decades of lucrative endorsement deals that put his face on every billboard, TV commercial and print ad from New York to Los Angeles. Formed more than 50 years ago, the NAIC is known today as the largest network of diverse-owned alternative asset managers, with a membership base of more than 115 firms who collectively manage more than $200 billion in assets. And, you know, we have a 300-unit multifamily deal were doing in Las Vegas, we invested in a distressed hotel asset here in Newport Beach, and then in the process of going through entitlements on developing a 75-unit affordable housing project in Compton, California. Johnson said stars like LeBron, Kobe Bryant, Stephen Curry, Dwyane Wade and Grant Hill also sought his counsel about branching out into business with their enormous capital and clout as NBA stars. Send us a tip using our anonymous form. Right? About me Specialties Buyer's agent Listing agent Relocation. Its really been, obviously, a big touchpoint in the country, but creating more opportunities for people to provide for themselves and provide in a sustainable way, is, you know, what, I think is truly important and what is needed in this country. Jimmy: Absolutely, Josh. northallerton coroners court address; hail storm in wichita ks 2020 Show sub menu. He joins Magic Johnson, Jim Jackson, Devean George, Grant Hill and other former NBA players who have turned their focus to economic inclusiveness via real estate. And as a country, you know, if we arent uplifting and creating change in these areas and providing opportunities for more and more individuals to, you know, buy a home, get a good job and live, you know, above the poverty line, you know, that impacts us all in a positive manner. My guest on the show today is Josh Childress. And then now all of a sudden values are going up. What do people want? In today's episode, we'll be talking about the growing income inequality and what the affordable housing field is doing to advance equitable growth and communities. Handle @jchiltingeton. Thank you. TPG co-founder David Bonderman owns the NHLs Seattle Kraken and is a minority owner of the Boston Celtics. I was able to walk away from the game with enough money to buy Wendys restaurants, and it took everything I had to buy those. Jimmy: Very good. I understand that they are trying to do this the right way and as a firm and as an investment vehicle, thats all this you can ask for. So we focus on the location, which is South Central, and we're very specific about how we oppose South Central's needs. Alexis, the work that you're doing over at BRIDGE is all about preserving historic communities. A lifelong Southern California resident, Jarrett also brings his passion for business development, crime reduction, neighborhood beautification and housing affordability together in a concerted effort to fend off gentrification in traditionally AfricanAmerican neighborhoods. But I think when you're able to convince someone that, hey, there is a great opportunity in terms of return. WebClose Menu. And secondly, I forgot that when it snowed in Milwaukee, they measured it by feet, not by inches. Continuing to learn about the sports business ecosystem is a big motivation because Ive seen the trajectory change over the years, he said. Josh: Yeah, so Landspire Group was founded by my partner, Justin Davis, and I. Justin was my teammate and roommate at Stanford, and so we have a long-standing history together. And I also grew up with my father on Vermont, and in the city of gardena. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. March 18th, 2021, 11:33 AM PDT. WebJustin Davis Chief Operating Officer, Landspire Group Web Login Address Stanford Graduate School of Business Knight Management Center 655 Knight Way Stanford, That's super exciting. So the job, the contracts for small businesses, all of that, to the extent that it can, the goal is to keep that in community so that that equitable growth opportunity can take place. He is one of the best, most-known players in the sport. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. I think there's been a deepening and enriching to the understanding that when we're housing people that have housing instability, it has to be a complete and comprehensive process, because you have to work on the person as well as the process. Learn more in our Cookie Policy. We have a development department that is about case management, and getting people off the streets. Each summer, the career-development team hosts symposiums on broadcasting, real estate and, through a partnership with NASA, a technology summit in which players learn about patents and ways space science (how to make a proper, sleeker space suit, for instance) can help them develop better basketball shoes or knee braces. As you said, its not the end all be all. We partnered with Josh, Justin & Treana last year through #TPGNEXT, an initiative designed to back diverse talent. And you know, that gym has now provided me a life where I can provide for myself and my family quite well, and its the roots of, you know, having an outlet that is so crucial to many kids across this country. Josh Childress isnt afraid to go against the grain. Sign Up. And I think Manchester project is really at the crux of that this is like a living social experiment. Thirteen years later, Childress finds himself taking another unique pathrunning a real estate investment fast break. Subscribe to hear more conversations about the people and places that shape Los Angeles. Instead, Childress and his former Stanford teammate, Justin Davis, opted in 2018 to start their real estate fund, LandSpire Group, with the mission of revitalizing underserved communities of color. So the lenses are completely different. Bhathals firm owns the Kings Golden 1 Center and the surrounding entertainment district. Very excited to be a part of this with my team Josh Childress and Treana L. Allen, Esq. They learned not only their employees names but about their lives. And part of the social experiment is integrated communities input, finding out ways that their needs, their demands are met, while also understanding the myriad of complications and complexity, and actually building something that tremendous. In 2017, TPG launched an initiative to increase the gender diversity of its portfolio company boards. Thanks for having me. Filings. Justin Davis. In 2017, TPG launched an initiative to increase the gender diversity of its portfolio company boards. They are nonprofit, affordable housing developers and holistic community developers. Its a real-estate development firm that targets underserved communities. My name is Tunua Thrash-Ntuk and I'm the executive director of the local initiative support Corporation Los Angeles office. And so, you know, that took a kid like myself, you know, from having a bunch of other distractions to having one thing that I really enjoyed doing. And, you know, everyone, just make sure that you continue to follow the work that Landspire Group is doing in addition to the work that RevOZ Capital is doing. The career summit really, really helped me because it was very educational, but it was also motivational, Childress said. Its one of the more prominent Opportunity Zone funds based in California. And so, providing more children with opportunities to immerse themselves, you know, in sports whether it be basketball, football, soccer, volleyball, whatever it may be, you know, it number one, keeps kids off the street, you know, and out of trouble but also, you know, theres so many different positives from a personality and work ethic perspective that translate from Sports into real-world life. Before joining BRIDGE, Alexis was a project manager for Thomas Safran and Associates where she managed the development and refinancing of affordable housing projects in LA County. Jarrett Moore is a project manager at Coalition for Responsible Community Development who has been in the real estate industry for the past 7 years and is also in this years cohort of LISCs 2020-2021 Housing Development Training Institute (HDTI). TPG has made a strategic minority investment in VamosVentures, an early-stage venture firm that invests in companies led by diverse teams, with a special focus on the Latinx community. Are you in it to change lives, you're in it to transform communities? Completely. Murman is the director of career development for the NBAs players union, a role shes held since 2006. 219. Josh, how should we think about these issues, not just within the Opportunities Zones landscape, but with investing in real estate more broadly? Today, TPG NEXT received a $500M anchor commitment from CalPERS to supercharge its efforts to change the diverse-led fund manager landscape. The launch of TPG NEXT builds on the firms commitment to fostering a diverse, equitable, and inclusive culture within the firm and its ecosystem, and to using the influence and scale of this network to drive sustainable, long-term change across the industry. Since then, TPGs portfolio companies have added more than 100 women directors. Sports is one of the last types of programming that is much better to watch live or in person, and with content consumption at an all-time high, the landscape is evolving rapidly., (This story has updated its headline from a prior version. How is Landspire group working to make this happen, creating equitable growth and community? Josh joins us today from Irvine, California. We even have a financial coaching, supported by LISC, where we also work on income and stability as well. Really appreciate it and welcome to the show. Select the best result to find their address, phone number, relatives, and public records. That's right. And you've repeated it several times. If you search for Josh Childress, youll find me there with some glasses smiling away. Albany, New York Metropolitan Area. And then we're building 180 units of affordable housing. There are too many stories like that.. A lifelong Southern California resident, Jared also brings his passion for business development, crime reduction, neighborhood beautification, and housing affordability together in a concerted effort to fend off gentrification in traditional African American neighborhoods. TPG NEXT partners will have access to the firms complete ecosystem, including its investment professionals, business development and capital formation functions, and services teams. I just pulled up your Instagram. And you know, with the goal of providing quality affordable housing, we are involved with the Vermont Manchester project with CRCD. Well Jarett, I understand your personal connection to Vermont Manchester I grew up just near there on 98th and Figaroa. Special thank you to everyone that participated and to Josh Childress for leading this program. And many of our alumni and scholarship donors were successful business owners and that just was something that stuck with me over the years. So what we did was we created a Community Action Committee called VM CAC, that we bring in members of the community, some of more vocal others, some of them are older, some of them younger, some of them have their own companies or real estate properties, and everybody has these competing interests. LandSpire Group is a Black-owned real estate firm that focuses on investment and development in secondary markets across the U.S. Its co-founders, Josh The importance of engaging Opportunity Zone community residents as stakeholders in any OZ development deal. The median income for Black households in 2019 was $43,200roughly 60% of that of white households and the lowest of all other racial groups. Jimmy: Excellent. Cinespace Toronto is home to acclaimed productions including The Handmaids Tale, Nightmare Alley and The Umbrella Academy. WebLANDSPIRE GROUP, LLC in Irvine, CA | Company Info & Reviews Company Information Sponsored Links Company Contacts JOSH CHILDRESS Chief Executive Officer 2082 Michelson Dr. Suite 219 Irvine, CA 92612 JOSH CHILDRESS Manager 2082 Michelson Dr. Suite 219 Irvine, CA 92612 Reviews Write Review There are no reviews yet for this And I dont know if many of our individuals in leadership truly understand that, you know, but there are a lot of people out there that are struggling, and you saw this accelerated, you know, through COVID. Jordan, who most consider the greatest basketball player ever, built his wealth first through his shoe/apparel brand with Nike, from which he still earns roughly $100 million per year. The average NBA career lasts approximately 4.5 years, which means, of course, most players will not earn the nest egg nor build the cache to close his eyes, point his finger at whats next and turn it into hundreds of millions in earnings. Also, throughout his career, LeBron sought to empower his close friends in business. This #BlackHistoryMonth, we are pleased to welcome the LandSpire team for a #TalksAtTPG to discuss their work & the importance of revitalizing communities of color. And so it's really a fantastic blend and a challenge for us to sort of make sure that we can do to build the community are also presenting before. But you know, you pointed to the mind. In this episode, Tunua sits down with three experts to explore the topic of advancing equitable growth in the affordable housing industry. https://lnkd.in/e77C8b6, Proud of my Stanford brother Josh Childress and the impact LandSpireGroup.com is having in underresourced communities during these times. It's about bringing up and empowering young people and obviously the real estate business apartment where we actually do the nuts and bolts of creating buildings. Over the last seven years, the NBPA has hosted real estate programs during the off-season to help current and former players pursue career interests and maximize their platforms off the court. He attended the unions symposiums in 2019, declaring hed like to return one day as a speaker. See Photos. Log In. We are proud to be a part of TPG NEXT, a new initiative providing growth capital and operating resources to seed, support, and scale the next generation of diverse investors and entrepreneurs. Justin Davis. And, you know, the whole thesis surrounding the Opportunity Zone policy in the first place is that, well, while our nation as a whole recovered from the great recession of more than a decade ago now, the countrys poorest neighborhoods, or a lot of the countrys poorest neighborhoods at least, really got left behind in that recovery that ensued in the last decade. TPG NEXT will seek to reshape and expand the alternatives marketplace, introducing new and flexible avenues to strategic capital to develop, launch, and propel the next generation of diverse investors and entrepreneurs. So it's not that Trader Joe's doesn't belong there. Before we go, where can our listeners go to learn more about you and Landspire Group? He is best known for his work as Lester White on HBO's multi-Emmy winning drama Boardwalk Empire. Harlem Capital closed its inaugural fund in December of 2019 with more than $40 million in capital commitments. And I love that advice, doing good deals with good people. (Illustration: Wes McCabe / The Athletic; Photo: Dick Raphael / NBAE via Getty Images). How Opportunity Zone investing ties into LandSpire Groups mission and the social impact initiative at RevOZ Capital. So making sure that the heart and head are healthy, and are able to thrive as well. And so that's great to hear. LandSpire Bellflower, LLC. While he was playing and starring for the Bulls, he amassed a cavalcade of endorsements that stretched way beyond Nike, to include such iconic brands as Gatorade and McDonalds. Thanks for that. All rights reserved. WebJustiin Davis. TPG NEXT will provide flexible growth capital and operating resources to seed, support, and scale the next generation of diverse investors and entrepreneurs including women, people of color, and LGBTQ+. He currently practices at Medical Group of the Carolinas - Emergency Medicine and is affiliated with Pelham Medical Center. Justin Davis is a provider established in Kansas City, Kansas and his medical specialization is Neurological Surgery with more than 21 years of experience. TPGs Longstanding Commitment to Diversity, Equality & Inclusion. The NCAA needs to have a mandatory day off on the Federal Election Day to have a positive and lasting effect on the 460,000 #ncaa athletes and the steady decline is 18-24 year old voter participation. The partnership will provide VamosVentures with access to additional working capital and operating resources to help grow and scale its business. I think that, you know, having this council and having individuals who can provide real input, you know, is crucial to being, you know, a great investor. How can we change the outcomes for people's lives and community. TPG's investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. The emphasis in the household Junior grew up in was not on basketball or on making big bucks but on education, which Junior received by attending the University of Louisville. The firm has developed an internal database of more than 1,500 diverse director candidates with a breadth of sector and functional expertise. As athletes, we are all competitive, and if we apply for the same work, the same motivation that helped us get to the NBA, we can do great things. Joe Vardon is a senior NBA writer for The Athletic, based in Cleveland. TPG NEXT has truly changed our trajectory. And all find different kinds of success off the court.. Hosted by OpportunityDb.com founder Jimmy Atkinson, theOpportunity Zones Podcastfeatures guest interviews from fund managers, advisors, policymakers, tax professionals, and other foremost experts in opportunity zones. 2023 Tarrant Capital IP, LLC, All Rights Reserved. It was a golf course redevelopment. Josh: Yeah, so you can learn more about me and Landspire Group at www.landspiregroup.com or on my social media handles. So we don't just look at it like, Hey, here's this apartment, move in there, you're good to go. At the end of 2019, TPG expanded the effort to focus on race and ethnicity and sexual orientation. Wachter introduced them to Tom Werner, the TV mogul and principal partner in Fenway. The key word in that question to me is holistic. What is the best way to promote resilience in our communities right now? In 2018, almost half of all renters in the United States were considered to be either moderately or severely cost-burdened, which means housing costs exceeded 30% of the family income. Justin Davis, MD is a emergency medicine specialist in Spartanburg, SC. The Athletics Bill Oram contributed to this story. Josh: Absolutely. And Im always pretty responsive and try to get back to people as best I can. Jimmy: Welcome to the Opportunity Zones Podcast. Im your host, Jimmy Atkinson. A. degree from Stanford University and a M. S. from Stanford Graduate School of Business. And as best possible, what I've done as a member of the community, and as a credit analyst is to say, Okay, guys, I know you guys want the sun, the moon and the stars on the corner of Vermont and Manchester, but this is how it really works. Through TPG NEXT, we believe we can bring the right combination of capital, operating resources, and expertise to help expand the traditionally narrow path to success in our industry and create and scale a differentiated category of diverse investing.. That's fantastic. As a vintage extreme sports brand and household name, X Games is uniquely positioned for optimization as a standalone business. Justin Davis. Today, he is in the controlling ownership group of the Los Angeles Dodgers. Its not deal-specific, but its do good things with good people. VamosVentures was founded in 2016 by investor and entrepreneur Marcos Gonzalez. WebDr. You had to be successful, or you are gonna be another player that blew everything that he had.. Use of this system is subject to Stanford University's rules and regulations. WebPreviously owned by The Walt Disney Corporation, the X Games was co-acquired in 2022 by LandSpire Group (led by MSP Sports Capital), and marked LandSpires entry into the burgeoning sports asset class. Josh: Thanks so much, Jimmy. ), Get our latest stories in the feed of your favorite networks. Join us: Congrats Jon Winkelried,Anilu Vazquez-Ubarri,Liz Stiverson,Justin Nunez, and Pamela Pavkov. So what we have at CRCD, we have four departments. Josh Childress, Co-Founder & CEO, Landspire Group and Jon Winkelried, Co-CEO, TPG discuss how women and people of TPG NEXT will seek to reshape and expand the alternatives marketplace, introducing new and flexible avenues to strategic capital to develop, launch, and propel the next generation of diverse investors and entrepreneurs. #AllVoteNoPlay, Associate Head Men's Basketball Coach at Oregon State, #AllVoteNoPlay is gaining momentum. Josh was a standout college basketball player at Stanford and played for several years in the NBA with the Atlanta Hawks, Phoenix Suns, Brooklyn Nets, and New Orleans Pelicans. We've worked with the county in terms of the county put together RFP like what had to be on the site, but really working with the community and having multiple community meetings together. And, you know, RevOZ is committed to that, Landspire is committed to that, so, by and large, the two groups and our synergies and our overall outlook on this program create, I think, some great opportunities to invest in drive in areas that really need it. Formed more than 50 years ago, the NAIC is known today as the largest network of diverse-owned alternative asset managers, with a membership base of more than 115 firms who collectively manage more than $200 billion in assets. And creating an inclusive and an equitable and an urban-focused strategy, you know, is something that were trying to replicate at Landspire, and so there was just a great synergy there. Or LeBron. What does equitable growth in communities look like for you? You can find those show notes at opportunitydb.com/podcast. Date Filing Type Reported Sold Incremental Cash Davis Justin : Promoter : N/A Land Spire Group, Llc : Well, Justin, you know, I almost want to say you've you've got the heart of a nonprofit affordable housing developer, and we're glad that you're in the space as a result of that. The CEO is taking the challenge of recreating himself in this next phase of lifeleveraging his black-owned fund to impact the lives of minorities. In conjunction with the launch of the initiative, TPG has announced a series of new investments and partnerships that, together with Harlem Capital, form the inaugural TPG NEXT portfolio.
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