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. TPG, the Half Star logo, and related marks and logos are service marks or registered marks owned by Tarrant Capital IP, LLC. Its one of the more prominent Opportunity Zone funds based in California. 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 the Opportunity Zone legislation and the program, you know, can help with that. 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'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. Justin Davis. But you know, you pointed to the mind. 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. 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. And, you know, our first deal that we actually ever tried to take on as a company was really ambitious, no question. Josh, love the glasses. 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. There are too many stories like that.. And I think it's a big part of your success. 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. For today, let's discuss what can be done to make affordable housing more available and creative ways professionals in the field are approaching this subject and this complex issue in a holistic way. So, it was tough in the beginning.. And I would thoroughly enjoy that because I do enjoy, you know, working with Alex and Lisa and the team over there. 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. But I always love to, you know, meet good people, do deals with people and do good deals with good people. 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. He sees his work as creating an aspirational pathway for his children, nieces, nephews and thousands more to succeed in their personal lives and generate 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. Great to have you here. It also owned more than 100 Chilis restaurants and was a franchisee for Fazolis and Blaze Pizza (of which LeBron is an equity partner). 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. But I think to dive a bit deeper, you know, really target under-resourced communities and, you know, impact change in land development. You can find the rest of the series on Apple podcasts Spotify and Google podcast. See Photos. 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. Hello, and welcome to the latest episode of The changemakers la podcast presented by Liske LA. Compton has quiet areas, it that has really, really rough areas. Justin Davis is a Portfolio Manager at Roberts Enterprise Development Fund based in Los Angeles, California. First up, I'd like to introduce Alexis Lang. 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. Industry: Pooled Investment Fund (See others in industry) Address: 6510 S Millrock Drive Suite 400 Salt Lake City, UT, 84121 Phone: (801) 419-0677 . 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. As Chief Operating Officer, Justin brings over a decade of experience chartering multi-year investment strategies And, you know, if done the right way, its an incredibly powerful vehicle. I think that, you know, having this council and having individuals who can provide real input, you know, is crucial to being, you know, a great investor. But my immediate social media handle is @jchillingeton, J-C-H-I-L-L-I-N-G-E-T-O-N on Instagram. And finally, I'm thrilled to present Justin Davis, C0O of Landspire group. This site is protected by reCAPTCHA Enterprise and the Google. They are nonprofit, affordable housing developers and holistic community developers. Industry: Other Real Estate (See others in industry) Address: 2082 Michelson Dr. Ste. 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. Jimmy: Can you tell me a little bit more about your investment thesis, your investment strategy? James is now an investor in, and therefore minority owner of, Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC. JUSTIN 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. 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. They built a few additional stores. It was a $900,000 bet. 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. 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. 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. We also will run features such as this one to complement certain players and moments throughout our series. How Josh transitioned from professional basketball player to business owner. Justin Davis Stats, News and Video - RB | NFL.com 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. Justin Davis may refer to: Justin Davis (soccer) (born 1988), American soccer player. So it's also about teaching the community as well as listening, because they're really intelligent people. TPG NEXT has truly changed our trajectory. The importance of engaging Opportunity Zone community residents as stakeholders in any OZ development deal. 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. More on our vision and the inaugural #TPGNEXT portfolio. 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. I'd like to thank all of you out there for joining us today in this important conversation. Previously, Justin was a Principal In vestor In President at Kapor Center. His father worked in the steel mills, from Chicago to Gary, Ind. LandSpire Newport, LLC. He also said he and Davis plan to start their venture-capital fund and raise $500 million initially. Joe Vardon is a senior NBA writer for The Athletic, based in Cleveland. We had the pleasure of being able to hear from two other colleagues, both Alexis and Jarett, who talked about their project at Vermont Manchester, and how that project is a testament to being able to do equitable development opportunities. Right? The firm has developed an internal database of more than 1,500 diverse director candidates with a breadth of sector and functional expertise. And I love that advice, doing good deals with good people. Childress is also studying the trend of real-estate developments anchored by sports arenas and stadiums. In the meantime, he looks to leverage his TPG relationships to bolster his companys overall commitment. You can update your choices at any time in your settings. Thanks for having me. 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? 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. Important Security Information: 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? If the average NBA player needs a role model like Bridgeman, then the superstar can use a guy like Magic. So the lenses are completely different. And you've repeated it several times. Now, you really start to change what generational wealth really is all about? How can we change the outcomes for people's lives and community. And so I understand the work, you know, of a credit analyst. See Photos. Josh joins us today from Irvine, California. LandSpire Gramercy Fund I, LLC - fund raising filing 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. 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. 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. #DevelopmentWithoutDisplacement, Founder & CEO - NALA | Y-Combinator '19 | Stanford MBA | Harvard Kennedy School of Government, Feeling grateful to be here in #Mozambique. And tell us a little bit more about Landspire Group. I am a certified economic development finance professional by the National Development Council. Everything he had. They have their tax returns, you know simple things supplier diversity. No, we work on career stability, income stability, and mental stability as well. He is one of the best, most-known players in the sport. Her work experience includes working for Skid Row Housing Trust, where she managed the development of Psh permanent supportive housing for formerly homeless individuals. Industry: Other Real Estate (See others in industry) Address: 2082 Michelson Dr. Ste. 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. Josh Childress is CEO of LandSpire Group and a member of the RevOZ Capital Social Impact Council. Justin Davis MJ never had to cook a cheeseburger to get to where he is now. Justin Davis is the COO of Landspire Group. It went from making it to the NBA only to now making it to the NBA and becoming a businessman.. And, you know, I dont want to say that I couldnt have, but I most likely dont go to Stanford if I dont have that gym there. Yeah, theyll make enough money where theyll be in that category of being able to supply wealth for their kids and grandkids and on and on, but Im talking about, you know, owning a significant, multibillion-dollar company that will go on and on, but, even more importantly, can influencewhat goes on in this country.. Internet Explorer presents a security risk. In 2017, TPG launched an initiative to increase the gender diversity of its portfolio company boards. 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 we do we do a lot. In today's episode, we'll be talking about the growing income inequality and what the affordable housing field is doing to advance equitable growth and communities. 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. Welcome to the NBA 75, The Athletics countdown of the 75 best players in NBA history, in honor of the leagues diamond anniversary. Justin Davis - Wikipedia Josh, thanks for taking the time to join me today. The hard work of making sure that the small businesses that we want to be present have their accounting together. 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. So we're trying to really address the actual human needs of people. (Illustration: Wes McCabe / The Athletic; Photo: Dick Raphael / NBAE via Getty Images). Well, Justin, you know, I almost want to say you've you've got the heart of a nonprofit affordable housing developer, and we're glad that you're in the space as a result of that. 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.. Jarett, we're gonna start with you. So glad to see you all working on that. 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. A. degree from Stanford University and a M. S. from Stanford Graduate School of Business. You can find those show notes at opportunitydb.com/podcast. But you know, how do we make sure that the needs of a program meet the needs of the community as well? They learned not only their employees names but about their lives. And so, you know, having the mentality to do so is, you know, a large part of the battle. WebView the profiles of professionals named "Justin Davis - Ex-amazon" on LinkedIn. San Francisco and Fort Worth, Texas March 18, 2021 TPG, a global alternative asset firm, announced today the launch of TPG NEXT, a newly branded initiative designed to back diverse talent. How creating impactful change in the areas that need it most can uplift the country as a whole. Jordan, who most consider the greatest basketball player ever, built his wealth first through his shoe/apparel brand with Nike, from which he still earns roughly $100 million per year. 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. VamosVentures was founded in 2016 by investor and entrepreneur Marcos Gonzalez. Vermont is the second busiest line for the metro system. Josh, how should we think about these issues, not just within the Opportunities Zones landscape, but with investing in real estate more broadly? Since then, TPGs portfolio companies have added more than 100 women directors. And there youll find links to all of the resources that Josh and I discussed on todays show. 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.