Lexton McDermott is a real estate development company based in Centennial, Colorado. Recognized as a leader in market-rate, affordable and senior housing, Lexton McDermott’s mission is to create public-private partnerships to develop high-quality affordable and market-rate housing that reduces housing costs for the communities they serve.
Since 1985, Lexton McDermott’s principals have developed more than 3,200 units of market rate, workforce, affordable and senior housing to communities across Colorado and North Texas.
Lexton McDermott, an affiliate of McDermott Properties, was founded in 2015 by Michael Lengen, Patrick Schultz and Arthur McDermott. The firm draws on the experience and track records of predecessor firms, McDermott Properties and the Lexton Group.
Additionally, Lexton McDermott leads a group of affiliated companies that help to service their portfolio properties including:
The firm has earned the trust of more than 10 housing authorities and nonprofit partners, including the housing authorities of Denver, Arvada, Colorado Springs, Adams County, Commerce City, and Lakewood.
Lexton McDermott leverages relationships with best-in-industry architects, engineers, and designers to meet the social, environmental, and financial objectives of each development.