Langdon Park Capital, a Black-owned real estate investment company, and Eldridge, a holding company with a diversified network of businesses across finance, real estate, entertainment and technology, have today announced the formation of a new partnership in which Eldridge will acquire a minority interest in Langdon Park Capital. Eldridge will join global real estate investment company Kennedy Wilson (NYSE: KW), a founding investor in Langdon Park Capital, in supporting Langdon Park Capital’s mission to 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.
“We are excited to partner with the Langdon Park Capital team who have built the foundation for a scalable, institutional platform that creates lasting positive impact in Black and Latino communities,” said Eldridge Chairman and CEO Todd Boehly. “We look forward to supporting Langdon Park Capital in their continued success, and we are proud to begin our partnership at this transformative stage in the firm’s growth.”
“Langdon Park Capital is uniquely positioned to invest responsibly in diverse communities to strengthen the fabric of those neighborhoods while generating attractive financial returns,” said Kennedy Wilson Executive Vice President Matt Windisch. “We are pleased to invest alongside Eldridge, which shares our vision for supporting the talented Langdon Park Capital team and expediting their strategic initiatives to make a real, positive impact.”
Langdon Park Capital CEO Malcolm Johnson said, “Building something special requires amazing partners, a winning strategy, and a commitment to doing the right thing – even when it’s hard. Langdon Park Capital strives to be special by always doing what is right for our investors and the communities where we proudly own and operate properties. I am honored that Eldridge believes in the value we can create for often underserved communities. I look forward to scaling the Langdon Park Capital platform with Eldridge and Kennedy Wilson as trusted partners.
“Future investments by Langdon Park will support our mission to address the growing affordability crisis through the preservation of safe, clean and affordable housing that benefits families and provides durable income for investors. Our team possesses the professional skill set and the lived experience to address the market dynamics in neighborhoods where we invest. We are excited to continue building Langdon Park Capital and providing opportunities in communities that have been overlooked for too long, while driving real value for our investors,” said Johnson.
Langdon Park Capital was founded in 2021 by CEO Malcolm Johnson, who leads a diverse, dynamic leadership team that includes Deepa Janha (Head of Asset Management), Raymond Junior (Director of Residential Acquisitions) and Richmond McMurray (Head of Legal & Compliance) with expertise in real estate finance, asset management, impact investing and M&A.