Langdon Park Capital Announces Strategic Investment from Eldridge

  Langdon Park Capital Announces Strategic Investment from Eldridge

  Black-owned institutional real estate investment company addresses chronic
        undersupply of high-quality real estate in diverse communities

Business Wire

LOS ANGELES -- December 2, 2021

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.

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. To learn more about Langdon Park Capital,
please visit www.langdonparkcapital.com.

About Eldridge

Eldridge invests in businesses across the Insurance, Asset Management,
Technology, Mobility, Sports & Gaming, Media & Music, Real Estate and Consumer
landscapes. The firm seeks to build and grow businesses led by proven
management teams that have demonstrated leadership and experience to scale an
enterprise. Eldridge is headquartered in Greenwich, Connecticut, with
additional offices in Beverly Hills, New York and London. To learn more about
Eldridge, please visit www.eldridge.com.

About Kennedy Wilson

Kennedy Wilson (NYSE:KW) is a leading global real estate investment company.
KW owns, operates and invests in real estate through the company’s balance
sheet and through its investment management platform. KW focuses on
multifamily and office properties located in the Western U.S., U.K. and
Ireland. To learn more about Kennedy Wilson, please visit
www.kennedywilson.com.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20211202005617/en/

Contact:

Media Contact:
Laura Kerepesi
Langdon Park Capital
[email protected]
323.510.8978