Los Angeles-based Langdon Park Capital, a new real estate investment company focused on addressing “the chronic undersupply of high-quality real estate in diverse communities,” has launched. Malcolm Johnson, an ex-senior banker at JPMorgan Chase and Bank of America Merrill Lynch as well as a former NFL player, is serving as CEO.
LOS ANGELES, Calif. (April 26, 2021) – A newly launched minority-owned business, Langdon Park Capital, will help address the unmet demand for high-quality housing and well-operated business facilities in historically underserved Black and Latino communities across the United States.
Langdon Park Capital will look to manage a series of private funds on behalf of a mix of institutional investors, major U.S. universities, Fortune 500 companies, family offices and community residents, with a focus on commercial and multifamily real estate investments that create new opportunities for stakeholders while generating value and strong financial returns for investors.
The Los Angeles-based company is led by Chief Executive Officer Malcolm Johnson, a former senior banker at JPMorgan Chase and Bank of America Merrill Lynch with a proud history of real estate impact investing in diverse communities and assisting residents, businesses, schools and nonprofits in accessing financial resources.
“Throughout my career, I’ve witnessed first-hand how investing in diverse communities can generate attractive financial returns while strengthening the fabric of those neighborhoods. The Langdon Park Capital platform is fueled by growing interest in profitable, scalable platforms with the critical mission of uplifting Black and Latino communities and the undeniable demographic trends pointing to the acute need for resilient commercial facilities and affordable housing supply in these areas,” said Malcolm Johnson, CEO of Langdon Park Capital.
Immediately, Langdon Park Capital will begin raising capital for the initial fund platforms and concurrently identify and evaluate potential real estate investment opportunities in densely populated, ethnically diverse urban communities on both coasts, particularly in California and the Mid-Atlantic regions. Langdon Park Capital will also source Opportunity Zone transactions to allow mission-aligned investors with long term investment horizons to participate in the responsible growth of underserved communities and their deserving residents.
Through the future fund platforms, the team will respond to growing interest from corporate tenants, cities and community partners to work with mission-aligned operators and will initially focus on investing in distribution warehouses and logistics centers with global corporations as tenants.
Langdon Park Capital will target pre-leased development opportunities for corporate tenants in order to provide investors with durable cash flow with limited exposure to market and lease-up risk. These projects will provide meaningful roles for Black and Latino trades workers during construction. Corporate tenants will commit to providing permanent jobs at the completed facilities to locally sourced minority employees along with ongoing training and job skills. “We expect to generate outsized returns for these types of resilient business facilities due to shifting consumer demands and disruption to traditional supply chain and distribution channels,” Johnson remarked.
Langdon Park Capital will also invest in workforce housing projects ideally positioned for below-market financing through tax credits, tax exempt bonds and public subsidies. Raymond Junior, Langdon Park Capital’s Director of Residential Acquisitions, will lead the company’s efforts in responsibly sourcing residential investment opportunities. “Our investment hallmark will be acquiring and redeveloping residential communities and operating them in collaboration with local residents, small business owners and non-profit social service providers,” said Junior.
Kennedy Wilson (NYSE: KW), a global real estate investment company, has provided seed capital for the company’s launch and will invest in the initial fund vehicles, signaling their strong belief in the Langdon Park Capital management team and the company’s inclusive, impact-driven investment thesis.
“We are deeply committed to making a positive difference in communities where we operate, and our partnership with Langdon Park Capital is a natural next step as we continue to expand our focus on social impact investment,” said William McMorrow, Chairman and CEO of Kennedy Wilson. “Our support for Malcolm and the Langdon Park Capital team reflects our shared values, our emphasis on investing alongside good people and our deep desire to help create value and solutions that make our communities stronger.”
Born and raised in Washington, D.C., with a lifelong commitment to philanthropy and mentorship, Johnson brings cultural competency and a unique background in teambuilding from his playing career at the University of Notre Dame and with three NFL teams. Johnson’s finance career began with the commercial real estate banking group at Bank of America Merrill Lynch (2006-2012), and continued at JPMorgan Chase from 2012-2021, where he underwrote and arranged $3 billion in debt financing for institutional real estate developers and investment firms and led the firm’s efforts on a new platform that deployed equity into affordable and workforce housing projects in markets across the United States.
Johnson will lead Langdon Park Capital’s ongoing fundraising efforts for its investment strategies. Johnson and Director of Residential Acquisitions Raymond Junior are joined by veteran legal expert and dealmaker Richmond McMurray, who will serve as Langdon Park Capital’s Head of Legal & Compliance. McMurray’s prior experience includes public company reporting, securities regulations and compliance efforts, representing corporate entities in M&A transactions and a robust audit practice.
“We have begun assembling a top-tier team that is well-positioned to address the market dynamics in the communities where we invest as a result of our unique perspective and focus on diversity and cultural competency. We look forward to growing Langdon Park Capital and beginning our journey to create real value in communities that have been overlooked for too long, while driving real value for our investors,” said Johnson.
About Langdon Park Capital
Langdon Park Capital is a market-maker for profitable, sustainable and scalable real estate investments. Our competitive advantage is driven by a diverse management team focused on unique opportunities provided by Black and Latino communities, vendors and mission-aligned tenants. We responsibly source, develop and lease commercial buildings for large corporate tenants, and we acquire, renovate and operate affordable, workforce and value-oriented residential communities. Additionally, Langdon Park Capital opportunistically develops mixed-use projects where population density and underdevelopment create compelling opportunities.