Langdon Park Capital Acquires Suburban Los Angeles Apartment Community for $48.6 Million

LOS ANGELES--(BUSINESS WIRE)--Langdon Park Capital (LPC), a Black-owned real estate investment company, today announced the $48.6 million acquisition of a 138-unit multifamily property in West Covina, California, a strong residential community just east of Downtown Los Angeles. The acquisition marks the firm’s fourth purchase in 2022 and further underscores LPC’s commitment to address the unmet demand for high-quality, workforce housing in underserved Black and Latino communities across the cou