LOS ANGELES–(COMMERCIAL THREAD) – Langdon Park Capital, a black property real estate investment management company, announced two new hires as part of its efforts to meet demand for high-quality housing and well-run commercial facilities in historically underserved black and Latino neighborhoods. Deepa Janha will be the first head of the company’s asset management and will also join the company’s investment committee. Ms. Janha holds an MBA from Northeastern University and a BA from the University of Massachusetts Amherst. Jose Alvarez joins the group as Senior Associate and will report to Raymond Junior (Director of Acquisitions, Residential). Ms Janha and Mr Alvarez will join Mr Junior and Richmond McMurray (Head of Legal and Compliance) at Langdon Park Capital, which was founded earlier this year by Malcolm Johnson, former senior banker at JPMorgan and longtime real estate trader.
Prior to working at Langdon Park Capital, Ms. Janha was Vice President of Asset Management at CenterCal Properties. She also previously held executive positions at Hidden Park Advisors and AEW Capital Management. Ms. Janha’s expertise in multiple asset classes on both coasts and her real estate acumen honed through multiple economic cycles will provide a tremendous boost to the value of Langdon Park Capital’s growing investment portfolio. . Additionally, Ms. Janha’s track record of raising women and people of color within her professional network and as an involved member of the community will help Langdon Park Capital meet the unique needs of families and employees at its properties.
Mr. Alvarez will be responsible for market research analysis, underwriting and due diligence on new transactions. Mr. Alvarez joins Langdon Park Capital in the CIT Group real estate finance team. His additional professional experience includes auditing real estate private equity firms at PriceWaterhouseCoopers. Mr. Alvarez is originally from the San Fernando Valley in Los Angeles and completed his undergraduate studies at Boston College.
Raymond Junior will continue to lead the residential platform of Langdon Park Capital. Mr. Junior has more than three decades of experience in the commercial real estate industry, including nineteen years with JPMorgan, where he was Director of the Company’s Community Development Banking group and regional underwriting manager. Mr. Junior is responsible for Langdon Park Capital’s residential investment opportunities, including supply agreements and the negotiation of partnership agreements and acquisition terms. Mr. Junior holds an MBA from UCLA Anderson School of Management and an Honors BS in Real Estate Finance from the University of Southern California.
âFor me this is a great opportunity to do something that I have always done and that I love to do and that I have been involved in, which is community development,â said Junior. âWe can really do our part by discovering rough diamond organizations that may not have had the opportunity to work with institutional funds and who will now be able to work with our company. It’s a win-win. We will obviously benefit from it, but the people who work with us will also benefit. ”
Richmond McMurray manages the company’s business risk and ensures it remains in compliance with federal and state laws and regulations. Mr. McMurray is also responsible for implementing legal strategies in the best interests of the firm, while promoting its core values ââof integrity, transparency and inclusion. Prior to Langdon Park Capital, Mr. McMurray was Vice President of Legal at Athene, a publicly traded insurance company. He was also previously a lawyer at Latham & Watkins LLP and director of audit practice at KPMG LLP. He holds an MBA from Harvard University and a JD from Harvard Law School.
âWhat attracted me was the connection I had with Malcolm and the sense of alignment and purpose that I had never known before and that I was looking for in addition to the underlying mission of organization, âMcMurray said. “I saw the opportunity at Langdon Park Capital to do something very meaningful, to use capitalism for good.”
Mr. McMurray and Mr. Junior share extensive knowledge of the types of communities Langdon Park Capital serves, as they hail from two of Los Angeles’ most ethnically diverse communities, South LA and Inland Empire, respectively. Ms. Janha notes that Langdon Park Capital’s management team’s first-hand knowledge of Black and Latino communities is what sets the company apart from its competitors: âOur management team grew up in predominantly Black neighborhoods and Latin Americans who were underserved and faced significant social and economic challenges. It’s personal when you have that as a childhood experience. Your motivations for social impact go beyond a social media hashtag or popular industry trend.
âOur differentiator is the execution ability of our team members and their belief in building bridges and uplifting entire communities,â said Mr. Johnson, CEO of Langdon Park Capital. âI am incredibly grateful to have assembled a management team that is excellent in every way and diverse, dynamic and grounded in the communities where we own and operate properties. We are committed to deploying capital and leveraging our relationships to empower the deserving people who live and work in our buildings.
Langdon Park Capital received a positive initial reception from institutional investors, including Kennedy Wilson (NYSE: KW), who committed significant capital to the company’s investing activities as well as seed capital for the Langdon Park Capital operating platform. Additionally, Langdon Park Capital has already identified deals in Los Angeles, Washington, DC and Chicago where the company can acquire existing properties and begin implementing physical renovations and social services that will increase their value and improve the lives of people. community residents.
At some properties in the portfolio, Langdon Park Capital’s immediate plans include implementing physical renovations, training residents for construction and maintenance work, supporting local public schools and nearby recreation centers, and reserving dedicated spaces in properties for programming for residents, including healthy cooking classes, after school enrichment programs and health screenings.
About Langdon Park Capital
Langdon Park Capital is a market maker for profitable, sustainable and scalable real estate investments. Our competitive advantage is built on a diverse leadership team focused on the unique opportunities offered by Black and Latino communities, vendors and tenants aligned with their mission. We responsibly buy, develop and lease commercial buildings for large corporate tenants, and we acquire, renovate and operate affordable, labor-driven and value-driven residential communities. In addition, Langdon Park Capital opportunistically develops mixed-use projects where population density and underdevelopment create attractive opportunities. More information is available at www.LangdonParkCapital.com.