justin davis landspire

Before joining BRIDGE, Alexis was a project manager for Thomas Safran & Associates where she managed the development and refinancing of affordable housing projects in LA County. The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities. TPGs Longstanding Commitment to Diversity, Equality & Inclusion. Coronavirus Resiliency and Racial Inequity, Black Business Excellence Technical Assistance (BBET) Initiative, Alexis Laing, Sr. project manager at BRIDGE Housing, Jarrett Moore, project manager at Coalition for Responsible Community Development and participant in LISCs 2020-2021 cohort of the Housing Development Training Institute (HDTI), {4:12} What CRDC is doing to expand and improve the affordable housing industry, {6:40} How Landspire Group is working to create equitable growth in the community, {8:40} The importance of preserving historic communities and how BRIDGE is working to redevelop the Vermont Manchester property, {12:51} How more for-profit developers can create affordable housing opportunities, {16:05} Best practices for advancing economic opportunity through affordable housing development. But early in his career, LeBron met Paul Wachter, a shrewd financial adviser to stars, who worked with LeBron to value equity over the splash of a typical endorsement deal. See the Stanford Administrative Guide for more information. LSGs investment strategy prioritizes urban revitalization, with an emphasis on increasing workforce and affordable housing and repurposing underutilized industrial centers. And with that is sort of just recognizing that with any sort of development, or project or change that's happening with the community, there's going to be a influx and outflux of capital, our priority is making sure when any project that we do that we are building something that's not going to allow for the outflux of capital. Bridgeman and Thompson worked 18-hour days, not in an office or a boardroom, but in the stores. You know, very few for profit developers get on a call with me and start talking about how can we change generational wealth opportunities? Jimmy: Yeah, thats an excellent goal, an audacious goal. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. LandSpire Bellflower, LLC. I am a certified economic development finance professional by the National Development Council. And I think it's a big part of your success. Jimmy: Very good. Thats just as much part of our mission as anything else.. 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. I think specifically at the Vermont Manchester site, you're gonna have a vocal community of people who want to be involved. WebDr. In addition to its GP seed commitments, TPG has partnered with the National Association of Investment Companies (NAIC). He currently practices at Medical Group of the Carolinas - Emergency Medicine and is affiliated with Pelham Medical Center. Childress, who played eight NBA seasons, says building relationships with municipalities and scaling his business with help from TPG is key before taking on similar multibillion-dollar projects. 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. Josh Childress and his former Stanford teammate, Justin Davis, started their real estate fund LandSpire Group in 2018. As the Chief Operating Officer Justin brings over a decade of experience chartering multi year investment strategies that target systems and structural change. 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. It also became a big pain in the ass because, after a while, everyone thought they could do it, which we know thats not the reality of it. WebJustin Davis; Firm: Address: 2082 Michelson Dr Ste 219 Irvine, CA 92612: Source 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. And I feel very blessed to have gone through my my financial training. Jimmy: Excellent. Because, you know, Alexis, this whole question was about how do you preserve communities, and a critical piece of that includes having the community be part of determining what goes on the site? Copyright ComplaintsTrademark Notice. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. It's great we've got nonprofits, people know that I'm definitely behind that. And, you know, it was our intent to be a part of these redevelopment opportunities to make sure that the social community and the stakeholders at large would also benefit from some of the upswing in the investment dollars that were pouring into these areas. Soon after retiring, Bridgeman and a partner, Paul Thompson, purchased five Wendys restaurants in Milwaukee. There was a 100-acre redevelopment site here in Orange County and Justin and I spent hours and hours creating a site plan for it. I left that career summit feeling like I had to make some things happen, Childress said. WebThis conversation catalyzed the 2018 creation of the LandSpire Group, an Orange County-based investment firm dedicated to establishing more affordable housing opportunities, The impact that sports had on Josh from a young age. LandSpire Gramercy Fund I, LLC. And so, that was my mentality and my focus there and Ive always just really enjoyed watching people, you know, build a building or build a business from the ground up and just see the growth that they can create and the scale that they can create in doing so. Albany, New York Metropolitan Area. LandSpire Groups investment thesis, goals, and why its important to do good deals with good people. and Prime Star development, which is a local commercial developer, and redeveloping a part of a site that's been mostly vacant since the 1990s civil unrest, Rodney King riots, that time period, the county and Mark Thomas is a former board supervisor got together they gathered the land and they are separating it into two separate projects. We partnered with Josh, Justin & Treana last year through #TPGNEXT, an initiative designed to back diverse talent. RevOZ Capital earlier this year launched a new social impact initiative with a commitment to invest $1 billion in Opportunity Zone projects over the next three years. Prior to that, Alexis was a municipal credit analyst for Standard & Poors where she provided financial and legal analysis of affordable housing and other tax-exempt bond issues, and served as the primary credit analyst for more than 10 state housing finance agencies and public housing authorities. For today, folks, we were really focused on talking about how to bring equitable growth and opportunity to community. You mentioned Alex Bhathal. 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+. There are too many stories like that.. The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities. Justin Davis-Rice @JustinDavisRice Chairman & CEO of Naked Brand Group (NASDAQ : NAKD), Chairman of Bendon Group. Sponsored By: At the end of 2019, TPG expanded the effort to focus on race and ethnicity and sexual orientation. First up, I'd like to introduce Alexis Lang. If you'd like to learn more, please visit us online awww.lisc.org/Los-Angeles and follow us on Twitter at LISC-LA L-I-S-C underscore LA. Contact. And because of that, he is perhaps the best poster child (or grandfather, whichever you prefer) for todays NBA player hoping to make a second career in business. The eighth overall pick of the Lakers in the 1975 NBA Draft, the most money Bridgeman made in any season was $350,000 which pales in comparison to todays average annual salary of $7.9 million but was a good number in the league when he earned it from the Clippers in 1985. TPG PR:https://lnkd.in/eZqE9iA2 #DevelopmentWithoutDisplacement, Founder & CEO - NALA | Y-Combinator '19 | Stanford MBA | Harvard Kennedy School of Government, Feeling grateful to be here in #Mozambique. But there is a space as well for for profit developers. The Athletics Bill Oram contributed to this story. This button displays the currently selected search type. Sign Up. Are you in it to change lives, you're in it to transform communities? 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. Welcome to the NBA 75, The Athletics countdown of the 75 best players in NBA history, in honor of the leagues diamond anniversary. Very sound. Really appreciate it and welcome to the show. The COVID-19 crisis has highlighted and exacerbated the growing income inequality that has left millions of households behind. 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. I think more players would have the same success in the business world if they just sort of thought back to what did it take for me to become an NBA player? I wasnt smarter than anybody else or anything like that. How can we change the outcomes for people's lives and community. Josh Childress, who played in the NBA for eight seasons and then retired from professional basketball overseas in 2018, hoped to start a real-estate business. For the non-Durants of the NBA, well, its Deborah Murmans job to make sure they have the tools they need to do what they want off the court, now or when they retire. If being an announcer, refurbishing apartments or building a lighter sneaker isnt in a players business plan, he can get one-on-one counseling, specifically tailored to the wine he wants to make or even the fast-food restaurant chain he wants to buy. Justin Davis. 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. Great to dive in today. 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. Learn more in our Cookie Policy. And a chance to be the next Junior Bridgeman. The importance of engaging Opportunity Zone community residents as stakeholders in any OZ development deal. So when it snowed 18 inches, and nobody was out to eat for really a day and a half, so you had no (customers), but you still had expenses and payroll and all those kinds of things. 2023 Tarrant Capital IP, LLC, All Rights Reserved. Within 18 months of their original purchase, Bridgeman and Thompson purchased the remainder of the Wendys locations in Milwaukee. 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. Okay. How is Landspire group working to make this happen, creating equitable growth and community? Black renters were twice as likely as white renters to be behind on rental payments and twice as likely to report being at risk of eviction. 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. LandSpire Group is a Los Angeles-based real estate investment fund that revitalizes communities of color that were once defined by small businesses, livable-wage jobs, and a thriving middle class. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Join us: The hard work of making sure that the small businesses that we want to be present have their accounting together. The first exposure for the players to Murman and staff is in May, ahead of the NBA Draft, when incoming rookies hear from them about what is available if theyre interested in business, and why maybe they should be if they arent. So I have a very intimate relationship with the community, the understanding of it. They are nonprofit, affordable housing developers and holistic community developers. There were years when he earned $7,000 in salary. Josh: Thanks so much, Jimmy. Bridgeman was born in Chicago. Im gonna always give the knowledge if they want to meet with me because I want them to be successful, Johnson said. Magic was able to do that, too, though his portfolio is more diverse and he was forced to go away from basketball to build his fortune. March 18th, 2021, 11:33 AM PDT. Justin Davis is a Portfolio Manager at Roberts Enterprise Development Fund based in Los Angeles, California. Our latest development will bring four additional stages to our waterfront production hub in the Ports. So the lenses are completely different. That's super exciting. They have their tax returns, you know simple things supplier diversity. (Illustration: Wes McCabe / The Athletic; Photo: Dick Raphael / NBAE via Getty Images). Specifically, income inequality between Black and White households worsened. For more information, visit www.tpg.com and on Twitter @TPG. Select the best result to find their address, phone number, relatives, and public records. Stanford University. I think that's where you're gonna see more for profit developers getting in to the space, and some simply are just gonna want to get into it because of the opportunity to make money. Here I am a couple of years later, you know, with a real estate investment firm.. Nearly three years into his venture, Childress said LandSpire has already invested in six projects worth a combined $1.5 billion (the projects, not his companys There is a self-selecting bias in the market that fundamentally disadvantages diverse talent. Cinespace Toronto is home to acclaimed productions including The Handmaids Tale, Nightmare Alley and The Umbrella Academy. 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. This #BlackHistoryMonth, we are pleased to welcome the LandSpire team for a #TalksAtTPG to discuss their work & the importance of revitalizing communities of color. The $10-billion asset manager is entering its second year incubating LandSpire through the TPG NEXT initiative, which provides growth capital to diverse businesses. That's fantastic. Josh: Yeah. Its not a perfect tool, its not gonna solve all of our nations problem but its a great tool Opportunity Zones are. All rights reserved. WebThe founder member of Davis Landscape Architecture with the responsibility of ensuring that continued growth of the company is achieved. The investment provided the firm with working capital and access to resources from across the TPG platform. But we have to find where those objectives align. And I think Manchester project is really at the crux of that this is like a living social experiment. Josh, how should we think about these issues, not just within the Opportunities Zones landscape, but with investing in real estate more broadly? TPG is a leading global alternative asset firm founded in 1992 with more than $91 billion of assets under management and offices in Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Mumbai, New York, San Francisco, Seoul, Singapore, and Washington, DC. 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. Continuing to learn about the sports business ecosystem is a big motivation because Ive seen the trajectory change over the years, he said. Empowering a more diverse group to become capital allocators will help to increase investment into diverse-led businesses, creating a positive ripple effect across the industry. Not only are we looking at making sure that people are stably housed, but we've got to make sure that they have the financial resources, the work, the career, the ability to be able to sustain that. The changemakers podcast is a tribute to the people and places that work to make Los Angeles neighborhoods good places to live, work and play. But you know, how do we make sure that the needs of a program meet the needs of the community as well? Jimmy: Can I ask you more about your background, Josh? Pat Connaughton has a real-estate business in Milwaukee. So company that, for example, they want a Trader Joes there, right? So having that deep understanding of the community needs, having boots on the ground, getting in there, and especially with you and Justin as you mentioned having lived a lot of the experience that these Opportunities Zones residents are going through right now when you were in your youth, its very important to make sure that those local community residents dont get left behind and that you really bring them in as stakeholders in what youre working on. Subscribe to our Opportunity Zone newsletter. But it was our intent to be a part of those opportunities to make sure that theres an impact and a responsibility component to all the dollars invested in these areas. Special thank you to everyone that participated and to Josh Childress for leading this program. Alexis, the work that you're doing over at BRIDGE is all about preserving historic communities. So I passed by that corner, I don't know, three, four times a week for 10 years, 15 years. Its amazing how impactful sports can be especially for young kids. This episode of changemakers la was made possible by our partner Citi Group, Inc. LISC-LA is committed to working with community groups and developers dedicated to preservation and development of affordable housing and sustaining housing projects in the region. They waded into the market in Madison, Wis. 5.0 13 Reviews. Paul is right; not everyone can pull off in business, media and self-marketing what LeBron achieved. 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. Albany Law School. And you know, with the goal of providing quality affordable housing, we are involved with the Vermont Manchester project with CRCD. Bridgeman retired from the Bucks in 1987 and knew hed been wise in saving his earnings. It also owned more than 100 Chilis restaurants and was a franchisee for Fazolis and Blaze Pizza (of which LeBron is an equity partner). Ill be sure to link to landspiregroup.com and all of Joshs social media handles, and Ill try to get a picture of Josh on there as well like I always do. There had never been an NBA player quite like LeBron, who expanded his business footprint during the prime of his playing career. 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. He attended the unions symposiums in 2019, declaring hed like to return one day as a speaker. Yeah, theyll make enough money where theyll be in that category of being able to supply wealth for their kids and grandkids and on and on, but Im talking about, you know, owning a significant, multibillion-dollar company that will go on and on, but, even more importantly, can influencewhat goes on in this country.. Josh Childress isnt afraid to go against And then now all of a sudden values are going up. So it's also about informing and educating the community. But then we also recognize that or we're very acutely aware of the opportunity, right, from being able to leverage the tax breaks, leverage the different partnerships, and know that there's a return to be made at the end of this. 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 I always love to, you know, meet good people, do deals with people and do good deals with good people. Jarett, we're gonna start with you. TPG NEXT partners will have access to the firms complete ecosystem, including its investment professionals, business development and capital formation functions, and services teams. These structural dynamics will continue unless we push ourselves to step outside of our traditional circles and invest behind people, ideas, and networks that are different, said Jon Winkelried, Co-CEO of TPG. And then we're building 180 units of affordable housing. Justin is also the founder of the Wayne Group, an Oakland-based real estate investment group that acquires two, three, and four unit rental properties, with a priority of keeping housing accessible and affordable to teachers, nonprofit leaders, and first responders.

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