In 2021, Kennedy Wilson provided seed capital to a new minority owned business, Langdon Park Capital, that seeks to address the chronic undersupply of high-quality real estate in diverse communities across the U.S. The Los Angeles-based company is led by CEO 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 career based on assisting residents, businesses, schools, and nonprofits in accessing financial resources.
Johnson will manage a series of private funds with a focus on investing in housing and well-operated business facilities in Black and Latino communities. Through these fund platforms, the team will respond to growing interest form 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. LPC will also invest in workforce housing projects ideally positioned for below-market financing through tax-credits, tax-exempt bonds, and public subsidies.
Beyond providing capital for the company’s launch, Kennedy Wilson aims to invest in Langdon Park Capital’s initial fund vehicles.
“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 at Kennedy Wilson. “We have full confidence in Malcolm’s vision and we are excited to play a role in this high-impact enterprise. We look forward to enabling him to significantly scale the business in the years to come.”
