Michael Lengen has more than 40 years of experience in real estate development, management, and finance in the multi-family and commercial real estate business in Colorado and Texas.
Michael founded Lexton Group in 1987 as a full-service real estate asset management firm. The firm evolved into a real estate note acquisition and development firm and acquired more than $200 million in real estate secured notes. Additionally, Lexton Group developed more than 2,000 units of market rate apartments and 100,000 sq. ft. of retail and motels.
In 2015, Michael and Arthur McDermott formed Lexton McDermott as the successor firm to McDermott Properties and Lexton Group.
Lexton McDermott is one of the largest for-profit affordable housing developers in Colorado and takes pride in creating public-private partnerships. The firm represents more than 10 nonprofit partnerships, including the housing authorities of Denver, Arvada, Colorado Springs, Adams County, Commerce City, and Lakewood.
As a Principal of Lexton McDermott, Michael is responsible for all aspects of the development process including underwriting, design, entitlement, and finance. Additionally, as President and CEO of ComCap Management, Michael oversees all operations of its 22 properties with a total of more than 2,500 units.
Michael has been a licensed real estate broker for nearly 40 years. He is a graduate of the McCombs School of Business at the University of Texas at Austin and holds a Bachelor of Business Administration in Finance.