**Langdon Park Capital and Standard Real Estate Acquire and Rebrand Workforce Housing in Azusa**
Langdon Park Capital, a real estate investment firm dedicated to preserving housing affordability in historically underserved communities, has partnered with Standard Real Estate Investments, a diversified middle-market investment manager, to acquire an 84-unit multifamily property in Azusa, California. While deal terms were not disclosed, the new ownership plans to operate the community under a long-term affordability structure aimed at benefiting working families.
The property will be rebranded as **Langdon Park on Arrow** and is part of a broader strategy by the joint venture to preserve naturally occurring affordable housing within high-cost urban markets.
“This acquisition reflects our mission to deliver strong returns while expanding access to safe, high-quality housing in communities that matter to us,” said Malcolm Johnson, founder and CEO of Langdon Park Capital. “The San Gabriel Valley is a growing, diverse region that houses over two million residents, with functions critical to business in the LA Metro region. This property provides a stable home for families who are the backbone of the local economy.”
The joint venture secured equity financing from The Community Preservation Corporation. Additional financing for the acquisition was provided through a Fannie Mae loan arranged by Walker & Dunlop.
The repositioning of the property aligns with both companies’ missions to provide sustainable housing solutions that bolster long-term community stability and economic resilience.
