About Us

Lexton was established in 1987 as a full service real estate asset management firm that provided asset management services to over 30 financial institutions. The portfolio for these clients was comprised of all types of commercial real estate properties with a collective value of around $300 million.  The company soon evolved into investing on its own account, and was successful in the purchase of several of real estate loan portfolios with a face value in excess of $150 million.

As the market and the prospect of opportunities improved, Lexton further evolved into a commercial real estate investment and development firm.  The investment philosophy of the company is based on conservative underwriting standards and sound capital structures.  As a result, a loyal group of investor/partners have participated in the acquisition or development of over $100 million of commercial real estate assets.

Lexton continues to maintain a commitment to integrity and excellence and has worked hard to earn its good reputation in the real estate industry.


J. Michael Lengen

Mr. Lengen has been a Principal and founding member of the Lexton Group since 1987. He has over 30 years experience in industries related to the real estate business. Mr. Lengen attended the University of Texas at Austin and received his Bachelors Degree in Business – Finance. He spent the early part of his career as a real estate lender with a large national bank in Houston, and later became a Project Manager and Vice President of a large commercial real estate firm, Century/Bland Development Company.

William H. Leifeste, Jr.

Mr. Leifeste is a Principal of The Lexton Group, and has in excess of 23 years of real estate finance experience encompassing all facets of institutional financing structures.  Bill has successfully held various major positions with The Prudential Life Insurance Company, Archon Financial (Goldman Sachs Mortgage Capital), JPMorgan Mortgage Capital, and Guaranty Bank.  He has originated first lien construction, mezzanine, bridge, tax-exempt, and permanent debt for on-book, and for securitization purposes.  He managed an underwriting team for JPMorgan, and managed a syndications group that actively marketed real estate debt for Guaranty Bank.  Additionally, he has managed portfolios of debt instruments, and has extensive workout experience, including asset management.  Over his career, Bill has originated over $1 Billion of real estate debt.

Bill received a Masters of Business Administration from The University of Texas at Austin in 1985.  He received a Bachelor of Engineering from Vanderbilt University in Nashville, TN in 1983.

Bill is a member of the Real Estate Council of Dallas, ICSC, and NAIOP.  He is a prior member of the Council of the Real Estate Finance and Investment Center at the McCombs School of Business at the University of Texas at Austin.

Jody Sikora, CPA

Ms. Sikora has been a licensed certified public accountant in the State of Texas since 1984.  She began her career in the Audit Department of Peat Marwick Mitchell and was later a senior staff member of Valero Energy.  She was also the CFO for a large merchant banking firm Best Associates.  She has held a position with the Lexton Group since the inception of the firm.



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