Langdon Park Capital and Standard Real Estate Investments Acquire 84-Unit Workforce Housing Community
The community will be rebranded as Langdon Park on Arrow and will operate under a long-term affordability structure designed to benefit working families. The acquisition is part of a broader strategy by Langdon Park Capital and Standard to preserve naturally occurring affordable housing in high-cost urban markets through innovative partnerships and impact-driven capital.
'This acquisition reflects our mission to deliver strong returns while expanding access to safe, high-quality housing in communities that matter to us. The San Gabriel Valley is a growing, diverse region that houses over two million residents, with functions critical to business in the L.A. Metro region,' said Malcolm Johnson, chief executive and founder of Langdon Park Capital, in a statement.
Founded in 2021, Langdon Park Capital's total assets under management now exceed $165 million. The joint venture secured equity financing from the Community Preservation Corporation, a nonprofit multifamily lender and investor. Financing for the acquisition also included a Fannie Mae loan arranged by Walker & Dunlop. The property features a mix of one-, two- and three-bedroom apartments. The new ownership group plans to invest in modest renovations to enhance the resident experience while maintaining affordability and minimizing displacement.
The property will benefit from a Welfare Tax Exemption through the California Municipal Finance Authority, made possible by the active participation of Housing on Merit, a California-based nonprofit serving as the managing general partner.
Information for this article was sourced from Langdon Park Capital.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Los Angeles Times
23 minutes ago
- Los Angeles Times
Wall Street finishes its latest winning week with a fade
NEW YORK — U.S. stocks edged back from their record levels on Friday in a quiet finish to another winning week. The Standard & Poor's 500 slipped 0.3% from the all-time high it set the day before, as it closed its fourth winning week in the last five. The Dow Jones Industrial Average flirted with its own record, which was set in December, before ending just below the mark with a rise of 34 points, or 0.1%. The Nasdaq composite dipped 0.4%, though it's still near its record set on Wednesday. The U.S. stock market reached all-time highs this past week as expectations built that the Federal Reserve will deliver a cut to interest rates at its next meeting in September. Lower rates can boost investment prices and the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment, but they also risk worsening inflation. A disappointing report about inflation at the U.S. wholesale level made traders pare back bets for coming cuts to interest rates on Thursday, but they're still overwhelmingly expecting them. Such anticipation has sent Treasury yields lower in the bond market, though they inched higher Friday following some mixed updates on the economy. One said shoppers boosted their spending at U.S. retailers last month, as economists expected, while another said that manufacturing in New York state unexpectedly grew. A third said industrial production across the country shrank last month, when economists were looking for modest growth. Another report suggested sentiment among U.S. consumers is worsening because of worries about inflation, when economists expected to see a slight improvement. 'Overall, consumers are no longer bracing for the worst-case scenario for the economy feared in April,' when President Donald Trump announced his stunning set of worldwide tariffs, according to Joanne Hsu, director of the University of Michigan's surveys of consumers. 'However, consumers continue to expect both inflation and unemployment to deteriorate in the future.' On Wall Street, UnitedHealth Group jumped 12% after famed investor Warren Buffett's Berkshire Hathaway said it bought nearly 5 million shares of the insurer during the spring, valued at $1.57 billion. Buffett is known for trying to buy good stocks at affordable prices, and UnitedHealth's halved for the year by the end of July because of a run of struggles. Berkshire Hathaway's own stock slipped 0.4%. Applied Materials helped lead Wall Street lower with a decline of 14.1% even though it reported better results for the latest quarter than analysts expected. The focus was on the company's forecast for a drop in revenue during the current quarter. Its products help manufacture semiconductors and advanced displays, and CEO Gary Dickerson pointed to a 'dynamic macroeconomic and policy environment, which is creating increased uncertainty and lower visibility in the near term, including for our China business.' Sandisk fell 4.6% despite reporting a profit for the latest quarter that blew past analysts' expectations. Investors focused instead on the data storage company's forecast for profit in the current quarter, which came up short of Wall Street's. All told, the S&P 500 fell 18.74 points to 6,449.80. The Dow Jones Industrial Average rose 34.86 to 44,946.12, and the Nasdaq composite sank 87.69 to 21,622.98. In stock markets abroad, indexes rose 0.8% in Shanghai but fell 1% in Hong Kong after data showed China's economy may have slowed in July under pressure from uncertainty surrounding Trump's tariffs. 'Chinese economic activity slowed across the board in July, with retail sales, fixed asset investment, and value added of industry growth all reaching the lowest levels of the year. After a strong start, several months of cooling momentum suggest that the economy may need further policy support,' ING Economics said in a market commentary. Japan's Nikkei 225 jumped 1.7% after the government said its economy grew at a better-than-expected pace in the latest quarter. European stock indexes finished mixed before Trump began his meeting with Russian President Vladimir Putin, which could dictate where the war in Ukraine is heading. In the bond market, the yield on the 10-year Treasury rose to 4.31% from 4.29% late Thursday. The two-year Treasury yield, which more closely tracks expectations for Fed action, rose to 3.75% from 3.74% late Thursday. Choe writes for the Associated Press.
Associated Press
24 minutes ago
- Associated Press
CS Disco, Inc. Investors: Company Investigated by the Portnoy Law Firm
Investors cancontactthe law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 15, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises CS Disco, Inc. ('CS Disco' or 'the Company') (NYSE: LAW) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. CS Disco investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. We are investigating potential claims against CS Disco, Inc. (NYSE: LAW) on behalf of long-term stockholders following a class action complaint filed against the company on September 19, 2023, covering the period from July 21, 2021, to August 11, 2022 (the 'Class Period'). The investigation concerns whether the board of directors of CS Disco breached their fiduciary duties to the company. The complaint alleges that during the Class Period, CS Disco repeatedly highlighted strong revenue growth driven by customer usage of its cloud-based electronic discovery platform and claimed to have reliable visibility into customer demand trends. However, the complaint further asserts that the company failed to inform investors of any indications of significant headwinds that could impact its growth, despite acknowledging that its rapid revenue growth was 'usage driven' and potentially volatile. The complaint also alleges that the truth began to emerge on August 11, 2022, when CS Disco reported second-quarter 2022 financial results that fell short of expectations. Notably, revenue growth slowed significantly compared to previous quarters, and the company informed investors that revenues from its largest customers would no longer be included in full-year guidance. On this news, CS Disco's stock fell approximately 53% on August 12, 2022, on heavy trading volume. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq. Admitted CA, NY and TX Bars [email protected] 310-692-8883 Attorney Advertising
Associated Press
24 minutes ago
- Associated Press
Be a Better Leader: A Situational Guide with Practical Tools to Empower Leaders at All Levels for Effective Leadership
Empowering Individuals to Lead with Purpose, Build Trust, and Foster Success in Any Environment, Regardless of Title CA, UNITED STATES, August 15, 2025 / / -- Leadership is not just for the privileged or the titled; it is for anyone in a position of influence. Whether you're managing a team, mentoring a peer, or even guiding your family, true leadership is about authenticity, connection, and action. This is the core message of Be A Better Leader: A Situational Guide, a new book by retired U.S. Army officers David H. McDowell and Bill Sprayberry. In this practical guide, McDowell and Sprayberry provide readers with the tools, principles, and relatable examples they need to lead in any environment—be it a corporate boardroom, a volunteer organization, or even in everyday life. The book breaks down the confusion between leadership, management, and administration, offering clear, actionable definitions and insights that readers can implement immediately. 'Leadership isn't about having authority; it's about creating the conditions for others to succeed,' says co-author David McDowell. 'We wrote this book to empower individuals at all levels—whether you hold a formal title or not—with the skills to lead authentically, effectively, and purposefully.' With Be A Better Leader, McDowell and Sprayberry present a comprehensive roadmap to becoming a lifelong learner, building trust, communicating effectively, and leading by example. The book is designed for those who want to step up, whether they're just starting their leadership journey or looking for ways to lead better in real-life situations. About the Authors David H. McDowell is a retired U.S. Army Lieutenant Colonel with over 21 years of military service, including deployments to Iraq, Afghanistan, and the Balkans. After retiring, he transitioned into the financial services sector, where he currently leads supplier enablement and sustainability initiatives. A passionate mentor and advocate for inclusive workplaces, McDowell is dedicated to developing future leaders. He holds degrees from West Point and The Ohio State University. Bill Sprayberry is a retired U.S. Army Colonel with 28 years of military experience, including combat deployments to Iraq. He has held leadership roles in both corporate and educational settings, and now dedicates his time to volunteer organizations and public speaking. Sprayberry holds degrees from Carson-Newman University, Central Michigan University, and Air University. About the Book Be A Better Leader: A Situational Guide is available for purchase on Contact Information Website: Atticus Publishing LLC Atticus Publishing LLC 888-208-9296 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
