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Development Background

40+ Years of Real Estate Success

Allante Development is helmed by CEO Darell Schmidt, who is personally responsible for more than $1B in residential and commercial development. Widely known for his honesty, transparency, dedication, and uncanny ability to identify ideal locations for development, Mr. Schmidt delivers insight and expertise based on more than 40 years of experience in the sector.

The development history below provides a representative view of the incredible depth and breadth of Mr. Schmidt’s real estate experience.

2019

Allante Development signs first contract with Katerra to develop Cascade Falls, Goodyear, in a suburb of Phoenix

Allante Properties delivers the Urban Park Apartments to the market

Urban Park Apartments
Urban Park Apartments

2018

Allante Properties sells Founders Ridge for $5.6M

Allante Properties acquires the Devonshire Place apartments in an up-and-coming location in uptown Phoenix, intending to fully renovate and rebrand the 104-unit property as the Urban Park Apartments (see 2019)

Founders Ridge
Founders Ridge
Devonshire Place - Rebranded to Urban Park. Picture before renovation.
Devonshire Place

2017

Allante Properties delivers Tennyson Place (81 Class A apartments featuring a mix of micro-units and studios), becoming a solid hit in the competitive Denver market

Tennyson Place
Tennyson Place

2016

Allante Properties acquires Founders Ridge, a single-tenant retail property in a fantastic Castle Rock location (see 2018)

Allante Properties acquires a walkable urban property at a tremendous location in Denver’s Capitol Hill neighborhood, slated to become Emerson Place, a 5-story, 85-unit apartment building

Emerson Place
Emerson Place

2015

Allante Properties sells the highly successful Highland Place for $24.5M, generating average annual returns of 13 to 14% for investors

Allante Properties acquires a walkable urban site in Denver’s Berkeley neighborhood which will ultimately be home to the Tennyson Place development (see 2017)

Allante Properties delivers the mixed-use development Highland Place (68 Class A apartments featuring a mix of micro-units and studios; 11,000 SF of retail) to the market, quickly achieving tremendous success with 98% of the units and 100% of the retail space leased

Allante Properties sells Fitzsimons Place for $6.5M, generating average annual returns of 26.81% for investors

Fitzsimons Place
Fitzsimons Place

2013

Allante Properties acquires a walkable urban site in Denver’s Highlands neighborhood which will ultimately be home to the Highland Place development (see 2015)

Highland Place
Highland Place

2012

Allante Properties becomes the first development company in the country to advertise for investors, enabling them to attract a larger investor pool via strategic media placements

Allante Properties acquires its first development project, Fitzsimons Place, a renovation of a 99-unit building, for $3M (see 2015)

The passage of the JOBS act eliminates the SEC restriction on using media advertising to attract private investors

Fitzsimons Place
Fitzsimons Place

2011

Darell Schmidt meets real estate attorney and developer Matt Gehrke when they are both looking at the same property (which Darell already has under contract); they decide to start working together, and Mr. Gehrke ultimately joins Allante Properties as General Counsel

Darell and Daren Schmidt found Allante Properties to focus on multifamily development in the Denver metro

Darell Schmidt, Matt Gehrke, Daren Schmidt
Darell Schmidt, Matt Gehrke, Daren Schmidt

2008-2009

Darell and son Daren Schmidt attend an apartment convention in Orlando, Florida, learning of the promising future for multifamily development

The Great Recession causes millions of Americans to lose their homes to foreclosure

2000-2001

Falcon Homes delivers the final single-family ranch home in the 69-townhome Plateau Park development ($16M in sales)

Darell Schmidt builds out a 1-acre site in Highlands Ranch with 10,000 SF of retail space (later sold in 2010 for $3.2M)

Elkhorn Lodge
Elkhorn Lodge

1997-1999

Falcon Homes delivers Marston Villas’ 104 luxury condominiums to the market ($15M in sales)

Falcon Homes delivers the final single-family home in the 70-home The Greens at Castle Pines development ($21M in sales)

Falcon Homes delivers Elkhorn Lodge (52 luxury condominium units priced up to $1.5M; $50M in total sales)

1995-1996

Falcon Homes delivers the final single-family home in the 402-home Wildcat Ridge development ($140M in sales)

Falcon Homes delivers the final single-family home in the 95-home Fairways at Lone Tree development ($37M in sales)

Falcon Homes acquires a 10-acre site in Jefferson County, Colorado, which will become Plateau Park (see 2001)

Falcon Homes delivers Elkhorn Lodge (52 luxury condominium units priced up to $1.5M; $50M in total sales)

1993-1994

In a joint venture with Prudential Home Building Investors, Falcon Homes acquires 160 acres in Douglas County, Colorado, to become the future home of the Wildcat Ridge development ($140M in sales) (see 1996)

Falcon Homes delivers the final single-family home in the 210-home Wildcat Ridge development ($58M in sales)

Falcon Homes delivers the final single-family home in the the 665-home Stonegate development ($163M in sales)

Falcon Homes acquires a 30-acre site in Lone Tree, Colorado, which will become the Fairways at Lone Tree (see 1996)

1991-1992

Falcon Homes acquires the parking lot for the Golf Club at Beaver Creek (adjacent to the planned Elkhorn Lift) to build a 7-story condominium building to be known as Elkhorn Lodge (see 1997)

Falcon Homes delivers the final single-family home in the 217-home Falcon Creek development ($60M in sales)

Falcon Homes delivers the final single-family home in the the 38-home Stratton Ridge development ($12M in sales)

Falcon Homes’ Stonegate development wins 12 MAME awards from an unprecedented 22 nominations, including the Grand Award for Merchandising Excellence; the Quality, Value, and Affordability Award from Builder Magazine; and a Golden Nugget Award of Merit as “Best in the West” from the Pacific Coast Builder Conference, the Western Builder Show, and Builder Magazine

1989-1990

Falcon Homes delivers Stonegate to the market, selling 60 homes in the first month

Falcon Homes acquires a 73-acre site in Jefferson County, Colorado, which will become the Ken Caryl development (see 1994)

Falcon Homes partners with Mobil Oil to co-develop a 217-acre, 665-home community in Stonegate, a community in Parker, Colorado, with Mobil Oil providing capital via an $8M credit guaranty (see 1991 and 1994)

Falcon Homes acquires a 13-acre site in Highlands Ranch, Colorado, which will become Stratton Ridge (see 1992)

1986-1987

Falcon Homes sells eight homes at Falcon Creek within the first month

Falcon Homes acquires a 1.8-acre site in Highlands Ranch, Colorado, which will become the Falcon Creek development (see 1992)

Darell Schmidt founds Falcon Homes

The Tax Reform Act of 1986 devalues commercial real estate, making financing virtually impossible

Falcon Ventures acquires a 1.1-acre site next to a Target which will become the 11,435 SF Clinton Shopette (ultimately sold in 2015 for $3.2M)

1981-1984

Falcon Ventures acquires a 4-acre site next to a K-Mart (considered a highly desirable tenant at the time) which will become the 48,678 SF Monaco Village Shopping Center

Darell Schmidt founds his own real estate development company, Falcon Ventures, two weeks after marrying his wife Re

Darell Schmidt joins forces with his mother, Zola, as he learns the ropes of real estate, specializing in income property listing and sales as Schmidt & Company

1976-1978

Darell Schmidt graduates from the University of Denver with his BS in real estate and construction management

He also earns the coveted Certified Commercial Investment Member (CCIM) designation, becoming only the 972nd member of the organization

Darell Schmidt joins a prominent Denver-area development company as Director of Leasing, a role he’ll hold until 1981

Darell Schmidt begins studying real estate at the University of Denver