But I think when you're able to convince someone that, hey, there is a great opportunity in terms of return. It seems like those two firms, RevOZ Capital and Landspire Group, mesh very well together, a lot of overlap in terms of your missions. Jimmy: Very good. In the meantime, he looks to leverage his TPG relationships to bolster his companys overall commitment. It isn't an extraction of resources. They have lenders, they have partners that they have to work with, and prove their intentions to also. Joe Vardon is a senior NBA writer for The Athletic, based in Cleveland. Learn more in our Cookie Policy. Alexis, you and Jarett have had a chance to work on, you know, really advancing economic opportunity there at the Vermont Manchester of development, might you share any best practices or things that you learned along the way? Right? See the Stanford Administrative Guide for more information. Use of this system is subject to Stanford University's rules and regulations. 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. WebLA Downtown Share Currently, LandSpire serves as Investors-in-Residence at TPG through TPG Next, an initiative designed to back diverse emerging talent by providing This site is protected by reCAPTCHA Enterprise and the Google. I'd like to thank all of you out there for joining us today in this important conversation. #LandspireGroup x #TPGNEXT I would say that two of our three investments are not Opportunity-Zone-type investments, but its really about us gaining the experience and the track record to continue to build our business. You know, very few for profit developers get on a call with me and start talking about how can we change generational wealth opportunities? You have folks like myself, for profit developer, we have the CRCDs of the world, we have the LISC's of the world. 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. 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. Great to have you here. The firm has developed an internal database of more than 1,500 diverse director candidates with a breadth of sector and functional expertise. 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. The league and players union also has its version of Shark Tank, in which current or former players can pitch business ideas in the hope of getting seed money. So it's also about teaching the community as well as listening, because they're really intelligent people. Here I am a couple of years later, you know, with a real estate investment firm.. 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. In Maverick Carter, he entrusted the daily operation of, first, his relationship with Nike which is now cemented with a lifetime deal worth $1 billion. 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. 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. 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. Harlem Capital closed its inaugural fund in December of 2019 with more than $40 million in capital commitments. Funding for the program she runs with a staff of six is codified in the collective bargaining agreement between the NBA and the union and has been for two decades. Justin Nunez, a Business Unit Partner in TPG Public Equity Partners, and Liz Stiverson, a Principal and Chief of Staff in TPGs Executive Office, will oversee the day-to-day management of the initiative in partnership with a group of executive sponsors, including Winkelried, Jim Coulter, Kelvin Davis, and Anilu Vazquez-Ubarri. But how do I do it? Wachter introduced them to Tom Werner, the TV mogul and principal partner in Fenway. Josh: Yeah, so we are a young company and, you know, we have invested really alongside great institutional partners to date. The impact that sports had on Josh from a young age. The company's filing status is listed as Active and its File Number is E0258262019 How Do We Solve the Looming Eviction Crisis? 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. He also said he and Davis plan to start their venture-capital fund and raise $500 million initially. It was a $900,000 bet. Josh: Yeah. How is Landspire group working to make this happen, creating equitable growth and community? So, you know, it was our intent to create Landspire Group, which is, you know, to inspire change to land development. Jimmy: Absolutely, Josh. S. o Justin, I want to get you in on this conversation. And I think, you know, theres probably sometime in the near future where we come together and partner on a deal to make sure that there is complete alignment. No, we work on career stability, income stability, and mental stability as well. 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. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. The Phoenix ownership group is headed by Los Angeles-based real estate investor and friend Romi Chaudhari. 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. You can update your choices at any time in your settings. Before we go, where can our listeners go to learn more about you and Landspire Group? He increased his investment 667 times over. The COVID-19 crisis has highlighted and exacerbated the growing income inequality that has left millions of households behind. TPG PR:https://lnkd.in/eZqE9iA2 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. 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. Sign Up. Those connections could assist him in diversifying his portfolio in sports franchise ownership. Davis has also appeared in other prime time dramas including Chicago Med, Manifest, FBI, The Politician, The Good Wife, The Sopranos and Bloomberg:https://lnkd.in/eQ64vTKW. 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. Log in or sign up for Facebook to connect with friends, family and people you know. It also owned more than 100 Chilis restaurants and was a franchisee for Fazolis and Blaze Pizza (of which LeBron is an equity partner). She's a Senior Project Manager at BRIDGE housing. In this episode, Tunua sits down with three experts to explore the topic of advancing equitable growth in the affordable housing industry. There is a self-selecting bias in the market that fundamentally disadvantages diverse talent. Very excited to be a part of this with my team Josh Childress and Treana L. Allen, Esq. Try a week on us. Its about getting them more access and opportunity in the commercial real estate space and a greater understanding of the various lanes you can take to be successful, he said of the partnership, which also allows LandSpire to co-invest with TPG. 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. Thanks for that. Josh, thanks for taking the time to join me today. Date Filing Type Reported Sold Incremental Cash Davis Justin : Promoter : N/A Land Spire Group, Llc : Sponsored By: But my immediate social media handle is @jchillingeton, J-C-H-I-L-L-I-N-G-E-T-O-N on Instagram. Well Jarett, I understand your personal connection to Vermont Manchester I grew up just near there on 98th and Figaroa. Good looking smile. About me Specialties Buyer's agent Listing agent Relocation. Since then, TPGs portfolio companies have added more than 100 women directors. Electrical Parts Well, Josh, it was great meeting you today and speaking with you today. 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. 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. 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. A lot of the criticism surrounding the program involves stories of developers coming in and, you know, building up huge luxury hotels or luxury condominiums and maybe something that the local community residents dont really need. He is now the owner of the Charlotte Hornets and his worth is estimated to be north of $2 billion. 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. Harlem Capital closed its inaugural fund in December of 2019 with more than $40 million in capital commitments. 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. MJ never had to cook a cheeseburger to get to where he is now. The family business expanded to Coca-Cola bottling in 2017 and then to media in 2020. All rights reserved. What was it like growing up in Compton and, you know, how did you stay off the street when you were growing up? And you know, with the goal of providing quality affordable housing, we are involved with the Vermont Manchester project with CRCD. They are nonprofit, affordable housing developers and holistic community developers. Was sports really important to you growing up? The COVID-19 crisis has highlighted and exacerbated the growing income inequality that has left millions of households behind, specifically, income inequality between black and white households has worsened. You can find the rest of the series on Apple podcasts Spotify and Google podcast. Bridgeman, 68, who grew up humbly in East Chicago, placed that big bet and then did what any man would do after pushing so many chips into the center of the table. And so that's great to hear. March 18th, 2021, 11:33 AM PDT. Josh: Yeah, so it goes back to something I said earlier. Our latest development will bring four additional stages to our waterfront production hub in the Ports. 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. And tell us a little bit more about Landspire Group. Justin Davis is the COO of Landspire Group. And then now all of a sudden values are going up. 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. And so, it was a very strategic play on our part, not only because of our backgrounds but also because of what we felt like, you know, the impact could be on the kids and the adults in the community as well. 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. He accepts multiple insurance plans, including Medicare. Following the release of the game trailer, Space Dream VR achieved rank #4 out of over 7000 games on Steam Greenlight, and 2.6 million views on social media. Josh, turning back to you now, how does your work with Landspire and RevOZ, those two firms, how does that connect to the broader portfolio of projects that youre working on? 219 Irvine, CA, 92612 Phone: 949-316-1230 . And the Opportunity Zone legislation and the program, you know, can help with that. And, you know, obviously, we both have backgrounds in sports but also, you know, see the impact that sports had on our lives. It's it's part of our Jordan downs, redevelopment, you know, we have a very large community development group and like, you know, surveying the community to figure out what exactly do they need? 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. 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. And for hoops fans listening, who are thinking to themselves, Hey, Josh Childress, that name sounds familiar. In addition to its GP seed commitments, TPG has partnered with the National Association of Investment Companies (NAIC). 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. See Photos. And its interesting that you noted that that can actually give you a competitive advantage as well when youre coming in and performing some of these developments. 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 I think it's a big part of your success. TPG, the Half Star logo, and related marks and logos are service marks or registered marks owned by Tarrant Capital IP, LLC. 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. Childress runs a for-profit company but says placing more capital in the hands of diverse allocators is at the forefront. Justin Davis (gridiron football), American football player. 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 And I really feel like this tool can really help impact the change we need in these communities all around the country. 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. 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. And, you know, we met with the city, we did all these things and did them in what we thought was the right way. Everything you see these young guys in the NBA LeBron birthed that, said Rich Paul, James longtime friend and agent who started Klutch Sports on the strength of LeBron as his first client. 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. TPGs Longstanding Commitment to Diversity, Equality & Inclusion. Dr. Davis completed a residency at YORK HOSPITAL. Filings. Thirteen years later, Childress finds himself taking another unique pathrunning a real estate investment fast break. 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. And I wanted to have something tangible that I can pass down to my children, and creating businesses, investing in real estate, things of that sort are those types of assets. And finally, I'm thrilled to present Justin Davis, C0O of Landspire group. Copyright 20182023 OpportunityDb. I have lived in Northern Idaho for 28 years, and with how diverse and spread out real estate can be in our area it is a huge advantage to have an agent who grew up here. 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. Jarett, you agree with that? Justin Davis. Childress, alongside Davis and general counsel Treana Allen, are fully immersed in TPGs real estate team as the first Investors-in-Residence. 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. Kevin Durant followed LeBrons path with a diverse, growing business portfolio, all managed under Thirty Five Ventures (production, investments, charity) with his business partner, Rich Kleiman. How can we change the outcomes for people's lives and community. So it's not just us coming into the community and saying like, this is how it needs to be. 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. 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. Jarett, we're gonna start with you. northallerton coroners court address; hail storm in wichita ks 2020 Show sub menu. Jimmy: Yeah, I think thats so crucial with Opportunity Zone development. And I love that advice, doing good deals with good people. 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. In particular, a disproportionate number of communities with black and brown residents did not enjoy the same level of economic recovery as the rest of the United States, and the OZ policy is really meant to catalyze private investment into these very communities. Jimmy: Absolutely, Josh. And like how can you use, like, the skills that you have to help a community continue to thrive what they want? Everything he had. We don't want capital to leave the community, we want it to stay there. It went from making it to the NBA only to now making it to the NBA and becoming a businessman.. If you search for Josh Childress, youll find me there with some glasses smiling away. Irvine, CA, 92612. Sportico is a part of Penske Media Corporation. These are people that graduated from Berkeley and Stanford, and just very passionate about wanting to see growth while sustaining the culture. 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 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? Jimmy: Can I ask you more about your background, Josh? And we've got some special guests with us today. But there is a space as well for for profit developers. Soon after retiring, Bridgeman and a partner, Paul Thompson, purchased five Wendys restaurants in Milwaukee. And you've repeated it several times. Josh: Hey, Jimmy. 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. Best Match Powered by Whitepages Premium AGE 60s Justin Guy Davis Denver, CO (Far Northeast Denver) View Full Report Addresses Flanders Way, Denver, CO ), Get our latest stories in the feed of your favorite networks. So can you tell me about how do Opportunity Zones fit into what Landspire is doing and your greater mission there and what attracted you to Opportunity Zones in the first place? So we don't just look at it like, Hey, here's this apartment, move in there, you're good to go. So, it was tough in the beginning.. The WealthChannel Network:OpportunityDb | WealthChannel, Tax Planning With Opportunity Zones, With John Berlet, The Forthcoming Distressed Debt Opportunity For Investors, With Nathan Whigham, Live At OZ Pitch Day Spring 2023, With Ashley Tison, The 2023 Opportunity Zone Impact Survey, With Reid Thomas, Why We Started WealthChannel, With Andy Hagans, Alex Bhathal on the Opportunity Zones Podcast, The Opportunity Zones & Private Equity Show. But you know, you pointed to the mind. (Illustration: Wes McCabe / The Athletic; Photo: Dick Raphael / NBAE via Getty Images). Kevin Durant Signs Lifetime Contract WithNike, No Agent, No Problem: Lamar Jackson Takes Top NFL Contract on DraftDay, Patrick Mahomes Creeps Up on Tom Brady for Top Player ProductSales. 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. Childress, 38, started LandSpire Group with his college teammate from Stanford, Justin Davis. He walked away from McDonalds for Blaze Pizza because he could own a piece of the company. 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. Justin Davis is a Portfolio Manager at Roberts Enterprise Development Fund based in Los Angeles, California. So making sure that the heart and head are healthy, and are able to thrive as well. CJ McCollum has a wine label. It's something that you're bringing in. It's just that the for profit, finance people within the company at Trader Joe's, they're looking at numbers, okay? Justin Davis may refer to: Justin Davis (soccer) (born 1988), American soccer player. A. degree from Stanford University and a M. S. from Stanford Graduate School of Business. I think we all have different objectives. And I think most for profit developers, unlike Landspire, they kind of want to know his first question, what's my return? TPG NEXT has truly changed our trajectory. That's essentially it. Really appreciate it and welcome to the show. The NPI number of this provider is 1487817946 and was assigned on July 2008. So Justin, you know, our other colleagues on the line are with nonprofits. And then we're very specific about the things that people in this area and community are doing that makes housing unaffordable for them. Justin Davis on LinkedIn Alex Bhathal on the Opportunity Zones Podcast Industry Spotlight: LandSpire Group LandSpire Group is a Los Angeles-based real Ive always found value in trying to create my own lane, he said. Although the median incomes of both black and white households grew in the last decade, black household incomes rose more slowly, the median income for black households in 2019, was 43,200, roughly 60% of that of the white households and the lowest of all other racial groups. His father worked in the steel mills, from Chicago to Gary, Ind. WebLandspire Newport LLC; Firm: Fund # CIK # 0001879645: Sale: 2020-11-03 ($0.8 MM Offered, $0.8 MM Sold) Fund 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. 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. (Johnny Nunez / Getty Images for EBONY MEDIA), Lakers legend Magic Johnson is part of the ownership group of the Los Angeles Dodgers. Like looking at, it has to be affordable housing based on the design, and how the site was taken over. How creating impactful change in the areas that need it most can uplift the country as a whole. Justin Davis. Click the play button below to listen to my conversation with Josh. I appreciate you joining us today. They learned not only their employees names but about their lives. 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. 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. The former lottery pick out of Stanford always balked at coaching jobs or front-office roles when he retired four years ago. 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. He graduated from University Of Kansas School Of Med (kc/wich/sal) in 2002.

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