justin davis landspire

I like that for opportunity, Jarett, anything we want to share with people in terms of best practices. They took money at cash registers and, yes, flipped burgers. The investment provided the firm with working capital and access to resources from across the TPG platform. #MenWhoEnterprise #WalkersLegacy You can find the rest of the series on Apple podcasts Spotify and Google podcast. Jimmy: Yeah, I think thats so crucial with Opportunity Zone development. Beyond that, Carter oversees LeBrons growing media company, SpringHill Entertainment. 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. 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. Although the median incomes of both Black and White households grew in the last decade, Black household incomes rose much more slowly. 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. 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. But you know, how do we make sure that the needs of a program meet the needs of the community as well? Jimmy: Absolutely, Josh. 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.. (Illustration: Wes McCabe / The Athletic; Photo: Dick Raphael / NBAE via Getty Images). Jarett, it looks like you wanted to get in there. 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. And then we're building 180 units of affordable housing. 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. So it was intriguing to me from a young age and I continue to be even more intrigued as I got older. And so, you know, its important for us to make sure that, at the local level, you get a better understanding of what the community needs are from a programming perspective and just in general, and, you know, making sure that you provide opportunities for those community people to participate in development in some capacity, whether thats through equity, whether thats through jobs, whether thats through job creation via bringing businesses there, but having a boots-on-the-ground presence where we feel comfortable and confident to proceed on a development. 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. The career summit really, really helped me because it was very educational, but it was also motivational, Childress said. The partnership will provide VamosVentures with access to additional working capital and operating resources to help grow and scale its business. 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. Johnson said stars like LeBron, Kobe Bryant, Stephen Curry, Dwyane Wade and Grant Hill also sought his counsel about branching out into business with their enormous capital and clout as NBA stars. It's great we've got nonprofits, people know that I'm definitely behind that. Actor: The Boys. Thank you Justin Nunez and Liz Stiverson for your support and leadership with #TPGNEXT. 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. 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 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. 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+. 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? 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. It was a golf course redevelopment. Josh Childress isnt afraid to go against the grain. And, you know, we saw the Opportunity Zone legislation and the impact that it would have in communities like the ones we grew up in, Im from Compton originally, and Justins from the Oakland area. 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. Sponsored By: Jimmy: Welcome to the Opportunity Zones Podcast. Im your host, Jimmy Atkinson. 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. But you know, your organization is a for profit development company. Next up, we have Jared Moore, a project manager at the Coalition for Responsible community development. Read full release here: Lets make this happen NOW! 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. 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. Its not a perfect tool, its not gonna solve all of our nations problem but its a great tool Opportunity Zones are. 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? With 1.4 million square at three major sites in Toronto, Cinespace Toronto is the largest studio operator with 29 stages across its West End campus, the Studio District and the Ports of Toronto. Like looking at, it has to be affordable housing based on the design, and how the site was taken over. So it's really on that individual to understand, what are you in it for? Home Town Real Estate. Try a week on us. You mentioned equitable change, you mentioned creating economic mobility in these Opportunity Zone communities. 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. Important Security Information: 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. So I passed by that corner, I don't know, three, four times a week for 10 years, 15 years. We also will run features such as this one to complement certain players and moments throughout our series. So spent a lot of time going by that intersection and hoping one day that it would be developed into something that we could be proud of. Bridgeman, the patriarch of a family conglomerate of Wendys franchises, Chilis restaurants, Coca-Cola bottling operations and African American-centric magazines like Ebony and Jet, also is a godfather among NBA players who went on to do great things in business. Davis has also appeared in other prime time dramas including Chicago Med, Manifest, FBI, The Politician, The Good Wife, The Sopranos and 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. 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. And so I understand the work, you know, of a credit analyst. 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. Thank you. 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. Our latest development will bring four additional stages to our waterfront production hub in the Ports. 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.. 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. How Josh transitioned from professional basketball player to business owner. Murman is the director of career development for the NBAs players union, a role shes held since 2006. 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. 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. Justin Davis is the COO of Landspire Group. Contact. 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. 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. Well Jarett, I understand your personal connection to Vermont Manchester I grew up just near there on 98th and Figaroa. 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. But there is a space as well for for profit developers. I dont want that whole thing of us coming in rich and then going out broke, you know? Filings. But I think to dive a bit deeper, you know, really target under-resourced communities and, you know, impact change in land development. Jarett, we're gonna start with you. Jarett, you agree with that? Or LeBron. Industry: Pooled Investment Fund (See others in industry) Address: 6510 S Millrock Drive Suite 400 Salt Lake City, UT, 84121 Phone: (801) 419-0677 . So go check out Josh on social media. Its not deal-specific, but its do good things with good people. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. WebJustin D. Expand search. The key word in that question to me is holistic. Use of this system is subject to Stanford University's rules and regulations. For our listeners who may not know Alex, hes the co-owner of the Sacramento Kings and managing partner at RevOZ Capital. The former lottery pick out of Stanford always balked at coaching jobs or front-office roles when he retired four years ago. Josh Childress, Co-Founder & CEO, Landspire Group and Jon Winkelried, Co-CEO, TPG discuss how women and people of And Im always pretty responsive and try to get back to people as best I can. But from an investment perspective, our investment thesis really is, you know, first and foremost, do good deals with good people. As Chief Operating Officer, Justin brings over a decade of experience chartering multi-year investment strategies that target systems and structural change. Best Match Powered by Whitepages Premium AGE 60s Justin Guy Davis Denver, CO (Far Northeast Denver) View Full Report Addresses Flanders Way, Denver, CO And what we do is we have wraparound services that integrate all of those particular fields, into our clientele into the community. Carter also is part of the Fenway business deal, and as the partnership between Werner, James and Carter grew, Fenway invested in SpringHill Company further solidifying LeBrons media business. The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities. Its amazing how impactful sports can be especially for young kids. He is one of the best, most-known players in the sport. 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. Josh Childress and his former Stanford teammate, Justin Davis, started their real estate fund LandSpire Group in 2018. Bridgeman was born in Chicago. 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. 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. 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. Prior to that, Alexis was a municipal credit analyst for Standard and Poor's, where she provided financial and legal analysis of affordable housing and other tax exempt bond issue, and she served as the primary credit analyst for more than 10 State Housing Finance agencies and public housing authorities. Previously, Justin was a Principal In vestor In President at Kapor Center. Formed more than 50 years ago, the NAIC is known today as the largest network of diverse-owned alternative asset managers, with a membership base of more than 115 firms who collectively manage more than $200 billion in assets. 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. Bloomberg:https://lnkd.in/eQ64vTKW. Josh: Yeah, so Landspire Group was founded by my partner, Justin Davis, and I. Justin was my teammate and roommate at Stanford, and so we have a long-standing history together. And, you know, we met with the city, we did all these things and did them in what we thought was the right way. I mean, had I not had a gym near my house, I dont know what I would have done. 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. 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. At the end of 2019, TPG expanded the effort to focus on race and ethnicity and sexual orientation. Josh, thanks for taking the time to join me today. You see, in 2018, almost half of all renters in the United States were considered to be either moderately or severely cost burdened, which means housing costs exceeded 30% of the family income. Send us a tip using our anonymous form. 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. And you know, with the goal of providing quality affordable housing, we are involved with the Vermont Manchester project with CRCD. 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. She's a Senior Project Manager at BRIDGE housing. 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. Justin Davis (gridiron football), American football player. Justin Davis on LinkedIn Alex Bhathal on the Opportunity Zones Podcast Industry Spotlight: LandSpire Group LandSpire Group is a Los Angeles-based real 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. WebThis conversation catalyzed the 2018 creation of the LandSpire Group, an Orange County-based investment firm dedicated to establishing more affordable housing opportunities, I appreciate it. It also owned more than 100 Chilis restaurants and was a franchisee for Fazolis and Blaze Pizza (of which LeBron is an equity partner). So Ive known him since I was 17 years old. And we've got some special guests with us today. 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. Welcome to the NBA 75, The Athletics countdown of the 75 best players in NBA history, in honor of the leagues diamond anniversary. 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. #AllVoteNoPlay, Associate Head Men's Basketball Coach at Oregon State, #AllVoteNoPlay is gaining momentum. 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. 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. Subscribe to The Athletic for in-depth coverage of your favorite players, teams, leagues and clubs. 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. 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. He is best known for his work as Lester White on HBO's multi-Emmy winning drama Boardwalk Empire. But you know, you pointed to the mind. They built a few additional stores. 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. TPG NEXT partners will have access to the firms complete ecosystem, including its investment professionals, business development and capital formation functions, and services teams. Select the best result to find their address, phone number, relatives, and public records. As a vintage extreme sports brand and household name, X Games is uniquely positioned for optimization as a standalone business. Josh: Hey, Jimmy. 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. A lifelong Southern California resident, Jarrett also brings his passion for business development, crime reduction, neighborhood beautification and housing affordability together in a concerted effort to fend off gentrification in traditionally AfricanAmerican neighborhoods. 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. 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. That's fantastic. At least 40 current NBA players have launched their businesses. 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. 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. Yeah, so you start with the, you know, just disabuse yourself of the notion that you're there to save, you're there to continue to facilitate what was already there, create all kinds of access points. What was it like growing up in Compton and, you know, how did you stay off the street when you were growing up? These were not great restaurants, so you had to turn them around, Bridgeman said. He also said he and Davis plan to start their venture-capital fund and raise $500 million initially. Josh: Thanks so much, Jimmy. Joe Vardon is a senior NBA writer for The Athletic, based in Cleveland. Childress, 38, believes more athletes should venture into commercial real estate, which provides the chance to create generational wealth if done properly. They waded into the market in Madison, Wis. 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? Thanks for that. Thirteen years later, Childress finds himself taking another unique pathrunning a real estate investment fast break. He joins Magic Johnson, Jim Jackson, Devean George, Grant Hill and other former NBA players who have turned their focus to economic inclusiveness via real estate. The Phoenix ownership group is headed by Los Angeles-based real estate investor and friend Romi Chaudhari. Copyright 20182023 OpportunityDb. Hosted by OpportunityDb.com founder Jimmy Atkinson, theOpportunity Zones Podcastfeatures guest interviews from fund managers, advisors, policymakers, tax professionals, and other foremost experts in opportunity zones. 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. For more information, visit www.tpg.com and on Twitter @TPG. WebJustin Davis Chief Operating Officer, Landspire Group Web Login Address Stanford Graduate School of Business Knight Management Center 655 Knight Way Stanford, But like what type of stores are you looking for? They owned 16 stores and then 30. 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. 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. 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. He walked away from McDonalds for Blaze Pizza because he could own a piece of the company. And for our listeners out there today, I will have show notes as always on the Opportunity Zones database website. They have their tax returns, you know simple things supplier diversity. 2023 Sportico Media, LLC. S. o Justin, I want to get you in on this conversation. But, you know, where we really provided value in that deal was, you know, having a deep understanding of the community needs and really addressing those in the development. #SSWAfrica17, National Basketball Players Association (NBPA). One of his business partners is RAJ Capital founder Alex Bhathal, a co-owner of the Sacramento Kings. 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. Your insights, I imagine will be invaluable to the community development space as we continue to try and figure out how do we respond to the income and wealth inequality in Los Angeles. My name is Tunua Thrash-Ntuk and I'm the executive director of the local initiative support Corporation Los Angeles office. No shortage of Opportunity Zones in those two locations.

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