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. And then now all of a sudden values are going up. Childress runs a for-profit company but says placing more capital in the hands of diverse allocators is at the forefront. Industry: Other Real Estate (See others in industry) Address: 2082 Michelson Dr. Ste. Our latest development will bring four additional stages to our waterfront production hub in the Ports. 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. See Photos. TPG Launches New Initiative to Seed Diverse Investors and With TPG as its anchor investor, Childress says LandSpire plans to launch a fund in the second half of this year with a target of raising $500 million. Its amazing how impactful sports can be especially for young kids. I love the game, and it has provided a fantastic life for me and my family, but I always felt like there was more to my story than the game of basketball.. Home Town Real Estate. 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. James is now an investor in, and therefore minority owner of, Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC. So this idea that not only are you bringing in capital and resources and changing the physical landscape, but to the extent that to bring that in, we want to make sure that that circulates in community. Everything he had. Logging in lets you access other protected Stanford websites with this browser, not just the website you requested. What Ive seen with a lot of people, they think that because they were this or that in the NBA, theyre able to automatically go in and be successful at whatever endeavor they choose and it doesnt normally work like that, Bridgeman said. Josh: Yeah, so we are a young company and, you know, we have invested really alongside great institutional partners to date. Subscribe to hear more conversations about the people and places that shape Los Angeles. 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. 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. 5.0 13 Reviews. Completely. 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. Jimmy: Very good. And then those residents that help beautify and help build that community. They learned not only their employees names but about their lives. All Rights Reserved. In 2017, TPG launched an initiative to increase the gender diversity of its portfolio company boards. Most for profit developers, I don't think they look through that lens, of seeing that there's a problem, they want to just address the problem. And you've repeated it several times. 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. How Do We Solve the Looming Eviction Crisis? Like, not everyone needs new backpacks, maybe they need better access to pens and paper or, you know, Wi Fi, like, understand, like, what are the actual key things that people need, and asking them first, versus coming in with your preconceived notions about what needs to happen. Justin Davis - Law Clerk - Dreyer Boyajian LLP | LinkedIn #AllVoteNoPlay, Associate Head Men's Basketball Coach at Oregon State, #AllVoteNoPlay is gaining momentum. 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. Industry: Other Real Estate (See others in industry) Address: 2082 Michelson Dr., Suite 219 Irvine, CA, 92612 Phone: 949-316-1230 . Justin Davis He sees his work as creating an aspirational pathway for his children, nieces, nephews and thousands more to succeed in their personal lives and generate Much appreciation Natalie Madeira He accepts multiple insurance plans, including Medicare. Very sound. I was in the gym every day. 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. It's just that the for profit, finance people within the company at Trader Joe's, they're looking at numbers, okay? And well look to expand that platform with more affordable housing, acquisitions, and developments over the next few years. WebTools. Much appreciation Natalie Madeira Cofield! 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. Alexis, the work that you're doing over at BRIDGE is all about preserving historic communities. 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. Thank you. And to that point, I mean, that deal didnt end up going our way, but it was a sports-focused deal where we had a sports and events center at the heart of the development. I dont want that whole thing of us coming in rich and then going out broke, you know? 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. This #BlackHistoryMonth, we are pleased to welcome the LandSpire team for a #TalksAtTPG to discuss their work & the importance of revitalizing communities of color. WebView the profiles of professionals named "Justin Davis - Ex-amazon" on LinkedIn. 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. And Jarett, what I heard in there is that you're putting the person first, in order to be able to have an impact on the community. 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. 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. He is now the owner of the Charlotte Hornets and his worth is estimated to be north of $2 billion. justin davis landspire Justin Davis is the COO of Landspire Group. At the end of 2019, TPG expanded the effort to focus on race and ethnicity and sexual orientation. Albany Law School. Josh Childress isnt afraid to go against the grain. WebJustin Davis. You know, the legislation was brought about to impact change and create some economic mobility in some of these areas that really need it. 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. How Opportunity Zone investing ties into LandSpire Groups mission and the social impact initiative at RevOZ Capital. So it was intriguing to me from a young age and I continue to be even more intrigued as I got older. She has four counselors and all of them are former players: T.J. Ford, Bobby Simmons, Lloyd Walton and Jeff Lamp. In the beginning, yes, there was a $90 million contract from Nike, and marketing deals from Sprite and McDonalds, among others. The partnership will provide VamosVentures with access to additional working capital and operating resources to help grow and scale its business. Josh: Yeah, so it goes back to something I said earlier. See Photos. CJ McCollum has a wine label. Landspire So thats where we have a competitive advantage, and where we will continue to focus efforts on some of the redevelopment opportunities. 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. What is the best way to promote resilience in our communities right now? It happened last summer. Justin D. on LinkedIn: #landspire #menwhoenterprise WebWelcome to Set'Em Free Bail Bonds +1 214-752-4000 info@setemfreedallas.com In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. Joining LISC LA for this conversation are: Alexis Laing is a Sr. Project Manager at BRIDGE Housing. So making sure that the heart and head are healthy, and are able to thrive as well. And like how can you use, like, the skills that you have to help a community continue to thrive what they want? The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities. Like looking at, it has to be affordable housing based on the design, and how the site was taken over. Over the past three years, the firm has made several enhancements to its recruiting and talent management processes and has invested in health and family benefits for parents, women, and LGBTQ+ employees. So what we have at CRCD, we have four departments. Aug 2022 - Present6 months. As the Chief Operating Officer Justin brings over a decade of experience chartering multi year investment strategies that target systems and structural change. And so, you know, having the mentality to do so is, you know, a large part of the battle. Childress is also studying the trend of real-estate developments anchored by sports arenas and stadiums. I want to thank Justin, Jared and Alexis for joining me in this conversation. 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.. San Francisco and Fort Worth, Texas March 18, 2021 TPG, a global alternative asset firm, announced today the launch of TPG NEXT, a newly branded initiative designed to back diverse talent. Now, you really start to change what generational wealth really is all about? And that the city came out with their RP, and it was five projects of similar size and a $50 million balance sheet. They have their tax returns, you know simple things supplier diversity. How did you all go about doing that with your Vermont Manchester property and for our listeners out there, maybe tell us a little bit about the Vermont Manchester property and how its development is so historic in the South LA community? Justin Davis-Rice @JustinDavisRice Chairman & CEO of Naked Brand Group (NASDAQ : NAKD), Chairman of Bendon Group. And you know, with the goal of providing quality affordable housing, we are involved with the Vermont Manchester project with CRCD. Bhathals firm owns the Kings Golden 1 Center and the surrounding entertainment district. He put on an apron, picked up a mop and dropped those French fries into a cauldron of boiling grease. For today, folks, we were really focused on talking about how to bring equitable growth and opportunity to community. 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. And, you know, I dont want to say that I couldnt have, but I most likely dont go to Stanford if I dont have that gym there. LandSpire Bellflower, LLC. She's a Senior Project Manager at BRIDGE housing. So company that, for example, they want a Trader Joes there, right? Pat Connaughton has a real-estate business in Milwaukee. Subscribe to our Opportunity Zone newsletter. If we can create better living conditions, create more job opportunities, allow for participation in some of the growth in these areas, then you start to see real change happening where, you know, everybody isnt in need of the $600 stimulus. But like what type of stores are you looking for? Click the play button below to listen to my conversation with Josh. But you know, you pointed to the mind. 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. But how do I do it? Here I am a couple of years later, you know, with a real estate investment firm.. What types of projects or types of properties are you investing in typically? TPG has partnered with LandSpire Group, a 100 percent Black-owned real estate firm focused on investment and development in secondary markets across the U.S. As part of the partnership, LandSpire co-founders Josh Childress and Justin Davis and internal legal counsel Treana Allen have formally joined TPGs real estate team for the next year as TPG NEXTs first Investors-in-Residence. But, you know, just like Malcolm Gladwell writes in his book, you put in 10,000 hours to become this.. And I think most for profit developers, unlike Landspire, they kind of want to know his first question, what's my return? Ive always found value in trying to create my own lane, he said. NBA 75: Business decisions after basketball have resulted in And, you know, so for us, you know, we are representative of the people in most of these communities, by and large, and we have to an extent, probably experienced many of the things that these people experienced in our youth at the very least. And then we're building 180 units of affordable housing. So it's being very intentional about what you're developing, and making sure that the people who are coming into that community want to come there with a understanding of where they're coming into an appreciation of what currently exists, and then wanting to contribute their capital to the growth of that community. 2023 Tarrant Capital IP, LLC, All Rights Reserved. Firm announces investments in LandSpire Group and VamosVentures, as well as a partnership with the NAIC; together with Harlem Capital, these companies form the inaugural TPG NEXT portfolio. LandSpire Group is the first ever Investor-in-Residence in the firm's history. And I think for many of us, on this call, is understanding if there's an issue, right, and we're trying to address the issue. When I got to the NBA, I was smart enough to put a good team around me who could help me develop into a businessman, and theyre still with me; were still doing our thing, Johnson said. WebJustin Davis; Firm: Address: 2082 Michelson Dr Ste 219 Irvine, CA 92612: Source Please sign, "like" and share the petition. He increased his investment 667 times over. Johnson retired from the NBA in 1991 after his HIV diagnosis and built Magic Johnson Enterprises, which includes a chain of movie theaters, a production studio and a marketing firm valued at more than $1 billion. Following a successful residency, TPG will make a strategic investment in LandSpire and its flagship fund, which is expected to launch in the first half of 2022. Johnson owned a Starbucks chain and a small share in the Lakers. And I think Manchester project is really at the crux of that this is like a living social experiment. There's a public boarding school that'll be ran by the C Foundation, which will provide a school setting for residents in the community. The key word in that question to me is holistic. What's it like working in community trying to bring people together, give them a chance to self determine, what can we share with friends out there who are like, I want to do that. Thanks for that. You mentioned equitable change, you mentioned creating economic mobility in these Opportunity Zone communities. LANDSPIRE What does equitable growth in communities look like for you? Justin Davis Justin Davis For more information, visit www.tpg.com and on Twitter @TPG. E-commerce entrepreneur leading innovation in online intimate apparel marketplace I am a certified economic development finance professional by the National Development Council. There's always going to be this push and pull and I think Justin spoke to it earlier about influx and outflux, where there's this strange relationship between beautifying the community, bringing amenities into the community. Justin Davis Before we go, where can our listeners go to learn more about you and Landspire Group? Its important work and you know, we hope to really continue to drive change. Josh: Absolutely. Last year, equity giant TPG agreed to incubate LandSpire with seed money, expertise and assistance in raising funds and targeting investments. 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. Continuing to learn about the sports business ecosystem is a big motivation because Ive seen the trajectory change over the years, he said. So we're trying to really address the actual human needs of people. You can find those show notes at opportunitydb.com/podcast. WebLANDSPIRE GROUP, LLC is a Nevada Domestic Limited-Liability Company filed on June 4, 2019. Landspire So always interested in meeting quality people and learning from individuals and finding ways to create, you know, impact in any way I can. Or LeBron. Advancing Equitable Growth in the Affordable Housing And it starts with our mantra, which is development without displacement, we believe that we can create new housing opportunities without displacing or changing the fabric of the culture within any particular community. On average, about 45 current and former players participate in the various programs each summer. 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. He has always been able to capitalize off the name and brand he built on the court to chart his path upon retirement. And many of our alumni and scholarship donors were successful business owners and that just was something that stuck with me over the years. Cinespace Toronto is home to acclaimed productions including The Handmaids Tale, Nightmare Alley and The Umbrella Academy. And we've got some special guests with us today. Stanford University. 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. Read full release here: Lets make this happen NOW! WebSubeditor, Albany Law Review. 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. So, it was tough in the beginning.. 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. Thank you very much for your time. Okay. That's essentially it. SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG, a global alternative asset firm, announced today the launch of TPG NEXT, a newly branded initiative designed to back diverse talent. So glad to see you all working on that. Jimmy: Can you tell me a little bit more about your investment thesis, your investment strategy? Jimmy: Welcome to the Opportunity Zones Podcast. Im your host, Jimmy Atkinson. But, you know, theres so much synergy in what were both doing, you know, for communities at large and I think theres a great opportunity for us to just create that change thats needed. So I have a very intimate relationship with the community, the understanding of it. The hard work of making sure that the small businesses that we want to be present have their accounting together. Justin Davis is a provider established in Kansas City, Kansas and his medical specialization is Neurological Surgery with more than 21 years of experience. And secondly, I forgot that when it snowed in Milwaukee, they measured it by feet, not by inches. A. degree from Stanford University and a M. S. from Stanford Graduate School of Business. WebDr. He currently practices at Medical Group of the Carolinas - Emergency Medicine and is affiliated with Pelham Medical Center. 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.. As Chief Operating Officer, Justin brings over a decade of experience chartering multi-year investment strategies that target systems and structural change. Justin Davis Stats, News and Video - RB | NFL.com So Justin, you know, our other colleagues on the line are with nonprofits. 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. 5 sales in the last 12 months. Im gonna always give the knowledge if they want to meet with me because I want them to be successful, Johnson said. They owned 16 stores and then 30. 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. Justin Davis is a Portfolio Manager at Roberts Enterprise Development Fund based in Los Angeles, California. And a chance to be the next Junior Bridgeman. See So one of the big things that BRIDGE does is looking at a lot of data collections, it's figuring out like, what do people want before you decide like, this is what needs to happen there? TPG NEXT has truly changed our trajectory. My name is Tunua Thrash-Ntuk and I'm the executive director of the local initiative support Corporation Los Angeles office. The former McDonalds All-American already owns a stake in an Australian pro basketball team, South East Melbourne Phoenix, alongside former NBA stars Zach Randolph and Al Harrington. What does the firm do and what are your big picture goals? Good looking smile. Are you simply in it for return? Sponsored By: What was it like growing up in Compton and, you know, how did you stay off the street when you were growing up? Those connections could assist him in diversifying his portfolio in sports franchise ownership. And for hoops fans listening, who are thinking to themselves, Hey, Josh Childress, that name sounds familiar. He also said he and Davis plan to start their venture-capital fund and raise $500 million initially. VamosVentures was founded in 2016 by investor and entrepreneur Marcos Gonzalez. He graduated from University Of Kansas School Of Med (kc/wich/sal) in 2002. Or we had community events when those were still available in the public and, you know, pre COVID, but no having lots of different types of access points to get people's opinion about what happens in their community. About: Justin Davis , producer, 3D Artist, Animator, Musician & Programmer of Space Dream VR, a cosmic experience driven by music visualization storytelling and gameplay. Thanks so much for sharing that Jarett and Alexis for talking about the project. And I also grew up with my father on Vermont, and in the city of gardena. Sure, so BRIDGE housing has been around 30 plus years. But I always love to, you know, meet good people, do deals with people and do good deals with good people. 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. Thank you Coach Rev for your leadership. It was a golf course redevelopment. Well, thank you very much, Josh. Justin Davis (gridiron football), American football player. Josh: Yeah, so what Opportunity Zones do as it relates to our mission is, you know, most of these zones, most of these qualified Opportunity Zone tracks are in under-resourced areas that, you know, werent necessarily a part of the growth about 10 or 12 years ago on a national scale. They built a few additional stores. Josh: Hey, Jimmy. 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?
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