Electrical Parts Johnson owned a Starbucks chain and a small share in the Lakers. 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. 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. All right. Here I am a couple of years later, you know, with a real estate investment firm.. Justin Davis. 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. I just pulled up your Instagram. But like what type of stores are you looking for? 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. 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. Continuing to learn about the sports business ecosystem is a big motivation because Ive seen the trajectory change over the years, he said. And we do we do a lot. Try a week on us. And so the way CRCD has approached this our entire business model has actually surrounded that particular idea. They are nonprofit, affordable housing developers and holistic community developers. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. I see Derek smiling there, it might give you a chance to quickly get in on this. All rights reserved. What types of projects or types of properties are you investing in typically? 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. Are you in it to change lives, you're in it to transform communities? How creating impactful change in the areas that need it most can uplift the country as a whole. And I dont know if many of our individuals in leadership truly understand that, you know, but there are a lot of people out there that are struggling, and you saw this accelerated, you know, through COVID. Thank you Coach Rev for your leadership. Log In. WebLANDSPIRE GROUP, LLC is a Nevada Domestic Limited-Liability Company filed on June 4, 2019. 2023 Tarrant Capital IP, LLC, All Rights Reserved. See the Stanford Administrative Guide for more information. Was sports really important to you growing up? Josh: Yeah. 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. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. 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. Childress is also studying the trend of real-estate developments anchored by sports arenas and stadiums. 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. And I also grew up with my father on Vermont, and in the city of gardena. Josh Childress, Co-Founder & CEO, Landspire Group and Jon Winkelried, Co-CEO, TPG discuss how women and people of Sportico is a part of Penske Media Corporation. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. E-commerce entrepreneur leading innovation in online intimate apparel marketplace They have lenders, they have partners that they have to work with, and prove their intentions to also. Excited to see my brother, Josh Childress, represent #LandSpire at Walkers Legacys The Men Who Enterprise Digital Summit. How is Landspire group working to make this happen, creating equitable growth and community? Not only are we looking at making sure that people are stably housed, but we've got to make sure that they have the financial resources, the work, the career, the ability to be able to sustain that. Thanks for joining me today. Really appreciate it and welcome to the show. 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. LSGs investment strategy prioritizes urban revitalization, with an emphasis on increasing workforce and affordable housing and repurposing underutilized industrial centers. Filings. They took money at cash registers and, yes, flipped burgers. Contact. Click the play button below to listen to my conversation with Josh. Cinespace Toronto is home to acclaimed productions including The Handmaids Tale, Nightmare Alley and The Umbrella Academy. Alexis, the work that you're doing over at BRIDGE is all about preserving historic communities. In addition to its GP seed commitments, TPG has partnered with the National Association of Investment Companies (NAIC). So I have a very intimate relationship with the community, the understanding of it. And so I think it's practices that people can learn. 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. And Im always pretty responsive and try to get back to people as best I can. And so that's great to hear. And I would thoroughly enjoy that because I do enjoy, you know, working with Alex and Lisa and the team over there. Its a real-estate development firm that targets underserved communities. And there are players who can do that. In addition to its GP seed commitments, TPG has partnered with the National Association of Investment Companies (NAIC). 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. On average, about 45 current and former players participate in the various programs each summer. So go check out Josh on social media. #AllVoteNoPlay, Associate Head Men's Basketball Coach at Oregon State, #AllVoteNoPlay is gaining momentum. Jimmy: Can you tell me a little bit more about your investment thesis, your investment strategy? 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. Our latest development will bring four additional stages to our waterfront production hub in the Ports. WebExcited to see my brother, Josh Childress, represent #LandSpire at Walkers Legacys The Men Who Enterprise Digital Summit. Jarett, we're gonna start with you. 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. It went from making it to the NBA only to now making it to the NBA and becoming a businessman.. He walked away from McDonalds for Blaze Pizza because he could own a piece of the company. Stanford, California 94305. And I think, you know, this program, is that. There had never been an NBA player quite like LeBron, who expanded his business footprint during the prime of his playing career. The former lottery pick out of Stanford always balked at coaching jobs or front-office roles when he retired four years ago. You can update your choices at any time in your settings. When expanded it provides a list of search options that will switch the search inputs to match 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. Handle @jchiltingeton. Logging in lets you access other protected Stanford websites with this browser, not just the website you requested. 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. 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 Childress said he hasnt had the chance to meet the TPG chairman (Bonderman) yet but is interested in learning more about the business of sports and admires how former NBA stars like Dwyane Wade and Hill have successfully transitioned to team governorship. About me Specialties Buyer's agent Listing agent Relocation. Im gonna always give the knowledge if they want to meet with me because I want them to be successful, Johnson said. See Photos. Within 18 months of their original purchase, Bridgeman and Thompson purchased the remainder of the Wendys locations in Milwaukee. Justin Davis on LinkedIn Alex Bhathal on the Opportunity Zones Podcast Industry Spotlight: LandSpire Group LandSpire Group is a Los Angeles-based real 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. And we've got some special guests with us today. Justin Davis, MD is a emergency medicine specialist in Spartanburg, SC. Right? VamosVentures was founded in 2016 by investor and entrepreneur Marcos Gonzalez. But you know, how do we make sure that the needs of a program meet the needs of the community as well? 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. 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. 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? That's where Landspire our vantage point is first, we recognize the problem. 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? He also said he and Davis plan to start their venture-capital fund and raise $500 million initially. 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. And all find different kinds of success off the court.. As you said, its not the end all be all. Justin Davis is the COO of Landspire Group. And well look to expand that platform with more affordable housing, acquisitions, and developments over the next few years. The former NBA guard-forward is probably best known for leaving the league after four successful seasons in Atlanta to play in Greece in an uncommon move that made him the highest-paid player overseas. 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. He put on an apron, picked up a mop and dropped those French fries into a cauldron of boiling grease. Before we go, where can our listeners go to learn more about you and Landspire Group? Great to dive in today. 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. They cleaned toilets. Follow Joe on Twitter @joevardon, Junior Bridgeman and his daughter, Eden Bridgeman Sklenar, owner of Ebony, on stage at a gala for her magazine in October 2021. Jarett, you agree with that? 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. (Illustration: Wes McCabe / The Athletic; Photo: Dick Raphael / NBAE via Getty Images). But how do I do it? 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. I saw my peers doing some cool things, and after that, I told them I wanted to be on stage. How is a former NBA player leveraging Opportunity Zones to create impactful change? And then we're very specific about the things that people in this area and community are doing that makes housing unaffordable for them. 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. Thats just as much part of our mission as anything else.. Pat Connaughton has a real-estate business in Milwaukee. They built a few additional stores. What Ive seen with a lot of people, they think that because they were this or that in the NBA, theyre able to automatically go in and be successful at whatever endeavor they choose and it doesnt normally work like that, Bridgeman said. See Photos. 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. You can find the rest of the series on Apple podcasts Spotify and Google podcast. But there's even better opportunity to chase a community, there's a better opportunity when you're able to change lives and change generations of folks. 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. The partnership will provide VamosVentures with access to additional working capital and operating resources to help grow and scale its business. 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. 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. 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 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. Home Town Real Estate. 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 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. The partnership will provide VamosVentures with access to additional working capital and operating resources to help grow and scale its business. He is now the owner of the Charlotte Hornets and his worth is estimated to be north of $2 billion. Josh Childress and his former Stanford teammate, Justin Davis, started their real estate fund LandSpire Group in 2018. I mean, had I not had a gym near my house, I dont know what I would have done. And with that is sort of just recognizing that with any sort of development, or project or change that's happening with the community, there's going to be a influx and outflux of capital, our priority is making sure when any project that we do that we are building something that's not going to allow for the outflux of capital. So, you know, it was our intent to create Landspire Group, which is, you know, to inspire change to land development. And there youll find links to all of the resources that Josh and I discussed on todays show. The company's filing status is listed as Active and its File Number is E0258262019 So it's also about teaching the community as well as listening, because they're really intelligent people. Murman is the director of career development for the NBAs players union, a role shes held since 2006. Select Accept to consent or Reject to decline non-essential cookies for this use. Justin Davis. No, we work on career stability, income stability, and mental stability as well. And I think when you kind of identified that, or that part and to identify that, and hopefully it's more on the understanding of what can we do long term in terms of transformational change. 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? 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. There are too many stories like that.. 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. 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. Jimmy: Can I ask you more about your background, Josh? Bridgeman and Thompson worked 18-hour days, not in an office or a boardroom, but in the stores. And you've repeated it several times. Jimmy: Yeah, thats great. 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 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.
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