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. Compton has quiet areas, it that has really, really rough areas. Don't be afraid to take the time to educate people about the hard work of you know, finding people that are actually going to show up to the jobs that we make available. Jimmy: Absolutely, Josh. Last year, equity giant TPG agreed to incubate LandSpire with seed money, expertise and assistance in raising funds and targeting investments. The investment provided the firm with working capital and access to resources from across the TPG platform. Jimmy: Very good. Justin Davis. Industry: Other Real Estate (See others in industry) Address: 2082 Michelson Dr. Ste. Justin Davis. 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? That was my treat after I came home from school and got my schoolwork done was to be able to go to the gym and play. We also will run features such as this one to complement certain players and moments throughout our series. Filings. And tell us a little bit more about Landspire Group. 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. With that we believe that we can create more equitable housing outcomes and more equity opportunities for both people that currently exist in the community. Bloomberg:https://lnkd.in/eQ64vTKW. 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. 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. 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. Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; 2021-11-03 New: All right. There had never been an NBA player quite like LeBron, who expanded his business footprint during the prime of his playing career. 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. Logging in lets you access other protected Stanford websites with this browser, not just the website you requested. Jimmy: Absolutely, Josh. Subscribe to hear more conversations about the people and places that shape Los Angeles. Click the play button below to listen to my conversation with Josh. ), Get our latest stories in the feed of your favorite networks. 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. Within 18 months of their original purchase, Bridgeman and Thompson purchased the remainder of the Wendys locations in Milwaukee. 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. 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. 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. 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. 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. 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. The partnership will provide VamosVentures with access to additional working capital and operating resources to help grow and scale its business. And so I understand the work, you know, of a credit analyst. WebTools. And Im always pretty responsive and try to get back to people as best I can. 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. Thank you Coach Rev for your leadership. See Photos. So always interested in meeting quality people and learning from individuals and finding ways to create, you know, impact in any way I can. Its not a perfect tool, its not gonna solve all of our nations problem but its a great tool Opportunity Zones are. That's a great question. So making sure that the heart and head are healthy, and are able to thrive as well. WebWelcome to Set'Em Free Bail Bonds +1 214-752-4000 info@setemfreedallas.com I saw my peers doing some cool things, and after that, I told them I wanted to be on stage. 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. 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. 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. castle lake mastiffs; stetson open road knock off; new idea uni system history 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. #DevelopmentWithoutDisplacement, Founder & CEO - NALA | Y-Combinator '19 | Stanford MBA | Harvard Kennedy School of Government, Feeling grateful to be here in #Mozambique. Great to have you here. LandSpire Gramercy Fund I, LLC. Copyright ComplaintsTrademark Notice. 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. Congrats Jon Winkelried,Anilu Vazquez-Ubarri,Liz Stiverson,Justin Nunez, and Pamela Pavkov. So I passed by that corner, I don't know, three, four times a week for 10 years, 15 years. 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? And secondly, I forgot that when it snowed in Milwaukee, they measured it by feet, not by inches. Josh: Yeah, so it goes back to something I said earlier. Bridgeman was born in Chicago. 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. 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. 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. There is a self-selecting bias in the market that fundamentally disadvantages diverse talent. #LandspireGroup x #TPGNEXT You mentioned equitable change, you mentioned creating economic mobility in these Opportunity Zone communities. What is the best way to promote resilience in our communities right now? He actually, you know, took me around on a recruiting visit there. We partnered with Josh, Justin & Treana last year through #TPGNEXT, an initiative designed to back diverse talent. What types of projects or types of properties are you investing in typically? And I also grew up with my father on Vermont, and in the city of gardena. Josh is CEO of Landspire Group and a member of the RevOZ Capital Social Impact Council. See Photos. I couldnt agree more. Specifically, income inequality between Black and White households worsened. Josh: Yeah, understood. Wachter introduced them to Tom Werner, the TV mogul and principal partner in Fenway. That's right. 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 I think, you know, this program, is that. Jimmy: Excellent. 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. They have lenders, they have partners that they have to work with, and prove their intentions to also. But that vocal community doesn't represent everyone really taking the time to go out to the community to get other people's opinions, and having other ways for people to contact you. Soon after retiring, Bridgeman and a partner, Paul Thompson, purchased five Wendys restaurants in Milwaukee. It seems like those two firms, RevOZ Capital and Landspire Group, mesh very well together, a lot of overlap in terms of your missions. 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. But there is a space as well for for profit developers. The Athletics Bill Oram contributed to this story. 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. The hard work of making sure that the small businesses that we want to be present have their accounting together. WebJustin D. Expand search. Josh: Yeah, so you can learn more about me and Landspire Group at www.landspiregroup.com or on my social media handles. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. 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. In the beginning, yes, there was a $90 million contract from Nike, and marketing deals from Sprite and McDonalds, among others. Thanks for joining me today. Jimmy: Can you tell me a little bit more about your investment thesis, your investment strategy? The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities. Continuing to learn about the sports business ecosystem is a big motivation because Ive seen the trajectory change over the years, he said. 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+. In addition to its GP seed commitments, TPG has partnered with the National Association of Investment Companies (NAIC). For today, folks, we were really focused on talking about how to bring equitable growth and opportunity to community. How Josh transitioned from professional basketball player to business owner. Childress, alongside Davis and general counsel Treana Allen, are fully immersed in TPGs real estate team as the first Investors-in-Residence. TPG co-founder David Bonderman owns the NHLs Seattle Kraken and is a minority owner of the Boston Celtics. Sportico is a part of Penske Media Corporation. But we have to find where those objectives align. I appreciate it. Landspire Bellflower SPV Diverse Angels, a Series of Assure Labs 2021, LLC. Stanford University. Really appreciate it and welcome to the show. Try a week on us. Welcome to the NBA 75, The Athletics countdown of the 75 best players in NBA history, in honor of the leagues diamond anniversary. Sure, so BRIDGE housing has been around 30 plus years. 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. Its kind of the term. I appreciate you joining us today. 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+. Murman is the director of career development for the NBAs players union, a role shes held since 2006. 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. Well, thank you very much, Josh. My guest on the show today is Josh Childress. As you said, its not the end all be all. Justin Davis is a Portfolio Manager at Roberts Enterprise Development Fund based in Los Angeles, California. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. What does equitable growth in communities look like for you? Justin Davis on LinkedIn Alex Bhathal on the Opportunity Zones Podcast Industry Spotlight: LandSpire Group LandSpire Group is a Los Angeles-based real Thank you Justin Nunez and Liz Stiverson for your support and leadership with #TPGNEXT. Josh: Hey, Jimmy. How Do We Solve the Looming Eviction Crisis? And, you know, as I was transitioning my last couple of years of playing, I really wanted to step into a role that not only could create longevity for me professionally, you know, but also could impact my family in a positive manner. TPG Announces Launch of TPG NEXT to Seed and Support the Next Generation of Diverse Investors and Entrepreneurs. 5 sales in the last 12 months. But my immediate social media handle is @jchillingeton, J-C-H-I-L-L-I-N-G-E-T-O-N on Instagram. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. Josh: Absolutely. 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's investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. 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. He is worth an estimated $600 million, trailing only Michael Jordan and just ahead of Magic Johnson as the wealthiest person on the planet who at one time played pro basketball. And you've repeated it several times. 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. As Chief Operating Officer, Justin brings over a decade of experience chartering multi-year investment strategies that target systems and structural change. I think we all have different objectives. I like that for opportunity, Jarett, anything we want to share with people in terms of best practices. They cleaned toilets. Josh Childress, Co-Founder & CEO, Landspire Group and Jon Winkelried, Co-CEO, TPG discuss how women and people of 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. 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 Thank you. TPG PR:https://lnkd.in/eZqE9iA2 He put on an apron, picked up a mop and dropped those French fries into a cauldron of boiling grease. Jimmy: Yeah, I think thats so crucial with Opportunity Zone development. In addition to its GP seed commitments, TPG has partnered with the National Association of Investment Companies (NAIC). These are people that graduated from Berkeley and Stanford, and just very passionate about wanting to see growth while sustaining the culture. Guys that play the game are realizing that now we have the assets to get involved in things that maybe guys from my time only dreamed about, Bridgeman said in an interview with The Athletic, as part of our season-long project celebrating the NBAs 75th anniversary. But I think it was mainly positive, to give the athlete that willingness to want to be more.. Previously, Justin was a Principal In vestor In President at Kapor Center. You can update your choices at any time in your settings. So go check out Josh on social media. And you know, with the goal of providing quality affordable housing, we are involved with the Vermont Manchester project with CRCD. It's just that the for profit, finance people within the company at Trader Joe's, they're looking at numbers, okay? Hello, and welcome to the latest episode of The changemakers la podcast presented by Liske LA. 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. WebView the profiles of professionals named "Justin Davis - Ex-amazon" on LinkedIn. And that the city came out with their RP, and it was five projects of similar size and a $50 million balance sheet. 219 Irvine, CA, 92612 Phone: 949-316-1230 . Josh Childress isnt afraid to go against the grain. And, you know, we met with the city, we did all these things and did them in what we thought was the right way.

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