But from an investment perspective, our investment thesis really is, you know, first and foremost, do good deals with good people. 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. And I think it's a big part of your success. NBA 75: Business decisions after basketball have resulted in And like how can you use, like, the skills that you have to help a community continue to thrive what they want? And I would thoroughly enjoy that because I do enjoy, you know, working with Alex and Lisa and the team over there. TPGs Longstanding Commitment to Diversity, Equality & Inclusion. 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 so what I've always done is I think what Alexis is point was about listening, absorbing that input. Josh Childress isnt afraid to go against Date Filing Type Reported Sold Incremental Cash Davis Justin : Promoter : N/A Land Spire Group, Llc : Industry: Other Real Estate (See others in industry) Address: 2082 Michelson Dr., Suite 219 Irvine, CA, 92612 Phone: 949-316-1230 . They built a few additional stores. CRCD is doing a myriad of programming in the community. Right? Now, you really start to change what generational wealth really is all about? Thank you. 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. The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities. really key thing for us. 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. A lot of people in a lot of families are living check to check and, you know, below that poverty line. It was a $900,000 bet. 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: 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. Advancing Equitable Growth in the Affordable Housing LandSpire So it's also about teaching the community as well as listening, because they're really intelligent people. Filings. 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. 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. It isn't an extraction of resources. And well look to expand that platform with more affordable housing, acquisitions, and developments over the next few years. So, it was tough in the beginning.. I am a certified economic development finance professional by the National Development Council. The investment provided the firm with working capital and access to resources from across the TPG platform. 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. 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. Next up, we have Jared Moore, a project manager at the Coalition for Responsible community development. 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. WebJustin Davis; Firm: Address: 2082 Michelson Dr Ste 219 Irvine, CA 92612: Source No shortage of Opportunity Zones in those two locations. 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? 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. Bhathals firm owns the Kings Golden 1 Center and the surrounding entertainment district. 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. Use of this system is subject to Stanford University's rules and regulations. And you know, with the goal of providing quality affordable housing, we are involved with the Vermont Manchester project with CRCD. 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. These are people that graduated from Berkeley and Stanford, and just very passionate about wanting to see growth while sustaining the culture. 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 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. 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. Justin Davis-Rice on Twitter So it was intriguing to me from a young age and I continue to be even more intrigued as I got older. 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. The importance of engaging Opportunity Zone community residents as stakeholders in any OZ development deal. 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. And as a country, you know, if we arent uplifting and creating change in these areas and providing opportunities for more and more individuals to, you know, buy a home, get a good job and live, you know, above the poverty line, you know, that impacts us all in a positive manner. That's where Landspire our vantage point is first, we recognize the problem. 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. LANDSPIRE The Compton, Calif., native looks to expand his companys portfolio of multimillion-dollar projects, ranging from apartments in Las Vegas to movie studios in Chicago, thanks to some added horsepower and the expansive network at private equity firm TPG. justin davis landspire castle lake mastiffs; stetson open road knock off; new idea uni system history And we'll be building a transit Plaza and redeveloping a site that's been underutilized and kind of a blight on the community in the meantime. The hard work of making sure that the small businesses that we want to be present have their accounting together. Phone: (562) 243-5714. And so I understand the work, you know, of a credit analyst. Thanks for having me. 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. Jimmy: Excellent. 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 then we're building 180 units of affordable housing. His father worked in the steel mills, from Chicago to Gary, Ind. 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. The career summit really, really helped me because it was very educational, but it was also motivational, Childress said. And because of that, he is perhaps the best poster child (or grandfather, whichever you prefer) for todays NBA player hoping to make a second career in business. Josh: Yeah, I think, you know, when you think about these communities and them being left behind, you know, after the last recession, I take this back to sports, youre only as strong as your weakest link. I left that career summit feeling like I had to make some things happen, Childress said. This #BlackHistoryMonth, we are pleased to welcome the LandSpire team for a #TalksAtTPG to discuss their work & the importance of revitalizing communities of color. 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. LandSpire Before LeBron, athletes didnt think of themselves as being able to control their message, own their brands, make investments. With exceptional local crews to meet all your production needs, our Toronto campus continues to expand to deliver a comprehensive studio platform for clients. I dont want that whole thing of us coming in rich and then going out broke, you know? And so, what can we do, as a country to, you know, help people help themselves? Send us a tip using our anonymous form. And the Opportunity Zone legislation and the program, you know, can help with that. Subscribe to our Opportunity Zone newsletter. 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. I mean, this holistic approach is really critical. 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. 219 Irvine, CA, 92612 Phone: 949-316-1230 . Former NBA Player Josh Childress Establishes Scholarship at He actually, you know, took me around on a recruiting visit there. He is best known for his work as Lester White on HBO's multi-Emmy winning drama Boardwalk Empire. See 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. 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. Thanks so much for sharing that Jarett and Alexis for talking about the project. First up, I'd like to introduce Alexis Lang. Because not everyone feels comfortable joining a conference call, or maybe they can't join a call, depending on what time it is. 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. Well, thank you very much, Josh. 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. 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). 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. And, you know, our first deal that we actually ever tried to take on as a company was really ambitious, no question. LandSpire Newport, LLC. Congrats Jon Winkelried,Anilu Vazquez-Ubarri,Liz Stiverson,Justin Nunez, and Pamela Pavkov. Good looking smile. In this episode, Tunua sits down with three experts to explore the topic of advancing equitable growth in the affordable housing industry. 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. 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. 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. TPG PR:https://lnkd.in/eZqE9iA2 Jimmy: Very good. WebView the profiles of professionals named "Justin Davis - Ex-amazon" on LinkedIn. 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. If the average NBA player needs a role model like Bridgeman, then the superstar can use a guy like Magic. Jimmy: Yeah, I think thats so crucial with Opportunity Zone development. Josh Childress isnt afraid to go against the grain. Stanford University. The former lottery pick out of Stanford always balked at coaching jobs or front-office roles when he retired four years ago. 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. 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? You recently joined their Social Impact Council, what motivated you to join the council and what do you hope to achieve through your membership there? Justin Davis. Josh Childress and his former Stanford teammate, Justin Davis, started their real estate fund LandSpire Group in 2018. Sure, so BRIDGE housing has been around 30 plus years. And Im always pretty responsive and try to get back to people as best I can. 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. Justin Davis. I was able to walk away from the game with enough money to buy Wendys restaurants, and it took everything I had to buy those. Logging in lets you access other protected Stanford websites with this browser, not just the website you requested. The NPI number of this provider is 1487817946 and was assigned on July 2008. 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. Since then, TPGs portfolio companies have added more than 100 women directors. The impact that sports had on Josh from a young age. All Rights Reserved. WebSubeditor, Albany Law Review. In 2017, TPG launched an initiative to increase the gender diversity of its portfolio company boards. 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. Copyright ComplaintsTrademark Notice. As athletes, we are all competitive, and if we apply for the same work, the same motivation that helped us get to the NBA, we can do great things. 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. Davis has also appeared in other prime time dramas including Chicago Med, Manifest, FBI, The Politician, The Good Wife, The Sopranos and But my immediate social media handle is @jchillingeton, J-C-H-I-L-L-I-N-G-E-T-O-N on Instagram. Hello, and welcome to the latest episode of The changemakers la podcast presented by Liske LA. Justin Davis. 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.. 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. 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. 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. Justin Davis 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. northallerton coroners court address; hail storm in wichita ks 2020 Show sub menu. They learned not only their employees names but about their lives. Its one of the more prominent Opportunity Zone funds based in California. They are nonprofit, affordable housing developers and holistic community developers. Justin Davis. So thats where we have a competitive advantage, and where we will continue to focus efforts on some of the redevelopment opportunities. Stanford, California 94305. The partnership will build on the organizations shared commitment to addressing the industrys pipeline challenges through curated events, training, and other engagement opportunities.
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