That's a great question. Josh: Absolutely. And, you know, theyve been great to work with so far, Ive really enjoyed my time with them and, you know, look to continue to build on this platform to make sure that the dollars are flowing into the community the right way, and that developments and redevelopments are happening in a responsible manner where the community at large is also benefiting from, you know, the economic investment thats happening there. You had to be successful, or you are gonna be another player that blew everything that he had.. Josh Childress is CEO of LandSpire Group and a member of the RevOZ Capital Social Impact Council. Bridgeman often tells the story of the day a Bucks fan recognized him behind the counter and called into local radio to lament how sad it was to see the ex-NBAer working at a fast-food restaurant. And well look to expand that platform with more affordable housing, acquisitions, and developments over the next few years. But there is a space as well for for profit developers. Click the play button below to listen to my conversation with Josh. I really appreciate it. She has four counselors and all of them are former players: T.J. Ford, Bobby Simmons, Lloyd Walton and Jeff Lamp. And finally, I'm thrilled to present Justin Davis, C0O of Landspire group. Filings. Well, Josh, it was great meeting you today and speaking with you today. really key thing for us. Webng k hc li xe B1.1-B2-C ti Hu; bachelor thesis example computer science; mahika name pronunciation; sarku japan teriyaki sauce ingredients As Chief Operating Officer, Justin brings over a decade of experience chartering multi-year investment strategies that target systems and structural change. Bhathals firm owns the Kings Golden 1 Center and the surrounding entertainment district. 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. And I think most for profit developers, unlike Landspire, they kind of want to know his first question, what's my return? The Athletics Bill Oram contributed to this story. So, it was tough in the beginning.. Thanks for having me. 2023 Tarrant Capital IP, LLC, All Rights Reserved. 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. 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. LandSpire Group is the first ever Investor-in-Residence in the firm's history. TPG has partnered with LandSpire Group, a 100 percent Black-owned real estate firm focused on investment and development in secondary markets across the Industry: Other Real Estate (See others in industry) Address: 2082 Michelson Dr. Ste. Right? That's right.
LandSpire Gramercy Fund I, LLC - fund raising filing And and I think, understanding this sector, you have to be mindful of all the different players that are involved, right? First up, I'd like to introduce Alexis Lang. The COVID-19 crisis has highlighted and exacerbated the growing income inequality that has left millions of households behind. Are you simply in it for return? WebJustin D. Expand search. 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. And so what I've always done is I think what Alexis is point was about listening, absorbing that input. Since then, TPGs portfolio companies have added more than 100 women directors. And part of the social experiment is integrated communities input, finding out ways that their needs, their demands are met, while also understanding the myriad of complications and complexity, and actually building something that tremendous. My name is Tunua Thrash-Ntuk and I'm the executive director of the local initiative support Corporation Los Angeles office.
Justin D. on LinkedIn: #landspire #menwhoenterprise Although the median incomes of both Black and White households grew in the last decade, Black household incomes rose much more slowly. And there are players who can do that. 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. When expanded it provides a list of search options that will switch the search inputs to match 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. 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. So I passed by that corner, I don't know, three, four times a week for 10 years, 15 years. 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. Thank you very much for your time. The median income for Black households in 2019 was $43,200roughly 60% of that of white households and the lowest of all other racial groups. It's something that you're bringing in. It was a $900,000 bet. Ive always found value in trying to create my own lane, he said. Justin Davis. It happened last summer. 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. 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. So thats where we have a competitive advantage, and where we will continue to focus efforts on some of the redevelopment opportunities. 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. So Ive known him since I was 17 years old. 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. 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 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. Jimmy: Yeah, I think thats so crucial with Opportunity Zone development. Important Security Information:
LandSpire We want to hear from you! Very sound. Before LeBron, athletes didnt think of themselves as being able to control their message, own their brands, make investments. Specifically, income inequality between Black and White households worsened. 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. Date Filing Type Reported Sold Incremental Cash Type Exemptions Link to Raw Filing; 2021-11-03 New: And so, you know, there was a high barrier to entry into many of these deals, but thats where, you know, we leverage our relationships and were able to partner with other groups. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Justin Davis on LinkedIn Alex Bhathal on the Opportunity Zones Podcast Industry Spotlight: LandSpire Group LandSpire Group is a Los Angeles-based real 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+. Industry: Pooled Investment Fund (See others in industry) Address: 6510 S Millrock Drive Suite 400 Salt Lake City, UT, 84121 Phone: (801) 419-0677 . At the end of 2019, TPG expanded the effort to focus on race and ethnicity and sexual orientation. 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. 5.0 13 Reviews. 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. 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. S. o Justin, I want to get you in on this conversation. See Photos. 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. WebPortfolio Manager at Redf. 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. What does equitable growth in communities look like for you? Justin Davis is a provider established in Kansas City, Kansas and his medical specialization is Neurological Surgery with more than 21 years of experience. Putting the community at the center, engaging them giving them an opportunity to self determine what goes there. I couldnt agree more. 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.
Justin Davis Jimmy: Yeah, thats great. For more information, visit www.tpg.com and on Twitter @TPG. Find your friends on Facebook. Childress is also studying the trend of real-estate developments anchored by sports arenas and stadiums. And the Opportunity Zone legislation and the program, you know, can help with that. And so I think it's practices that people can learn. 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. 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.
LANDSPIRE GROUP, LLC in Las Vegas, NV | Company 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. Ill be sure to link to landspiregroup.com and all of Joshs social media handles, and Ill try to get a picture of Josh on there as well like I always do. Filings. It also became a big pain in the ass because, after a while, everyone thought they could do it, which we know thats not the reality of it. Its amazing how impactful sports can be especially for young kids. He has always been able to capitalize off the name and brand he built on the court to chart his path upon retirement. Compton has quiet areas, it that has really, really rough areas. I hope this initiative continues to mobilize change within the finance sector and inspires a new wave of underrepresented alternative asset managers. So we're really working on that. 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. In the meantime, he looks to leverage his TPG relationships to bolster his companys overall commitment. The key word in that question to me is holistic. 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. 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. Stanford, California 94305. Jimmy: Absolutely, Josh. This event is the inaugural event for future initiatives supporting Black men in business and is designed to provide men with the resources and networks needed to be successful in business and beyond.