Ardent Residential has extensive experience in the development of resort properties, high-rise condominiums and multifamily residences.
Although past experience stretches from New York to San Francisco to the West Indies, Ardent currently focuses primarily on multifamily development in Austin, Texas.
UNITS COMPLETED TO DATE
UNITS IN PROCESS
YEARS IN REAL ESTATE INDUSTRY
UNITS MANAGED BY OUR PRINCIPALS TO-DATE
Ardent Principals have been involved in the Austin Real Estate community nearly 30 years. During this time they have served on the Board of the Real Estate Council of Austin (RECA) and on various task forces with City leaders to implement Commercial Design Standards and Affordable Housing in Austin. Ardent has developed strong relationships with City and civic leaders which have proven invaluable in navigating the City of Austin development process. The Ardent principals have developed over 16,000 apartment units throughout the country including 10,000 units in Austin.
The development process for Ardent projects includes the identification of desirable sites; management of the land entitlement process; production of architectural, interior design, civil, landscape, MEP and structural design plans; receipt of all required permits and governmental approvals; preparation and maintenance of project budgets; preparation of financial packages and coordination of project capitalization; negotiation of construction agreements and oversight of construction; coordination of property management and project leasing and lastly, disposition of stabilized properties. Ardent develops projects for its own account and in special situations, acts as a fee developer for third party real estate investors.
- Identifying and structuring development projects
- Managing the entitlement process
- Performing financial analysis and financial reporting
- Coordinating design
- Construction contracting
- Project management
- Coordination of marketing, sales and leasing
Before starting Ardent, Art Carpenter was the Principal of A.G. Carpenter, L.P. (2003 to 2005), Vice President of Development for Maritz, Wolff & Co. (2000-2003), Southwest Regional Partner for JPI (1993-2000) and Project Manager for The Zeckendorf Company in New York (1987-1992). While at Zeckendorf, Art was responsible for coordinating the development and sale of over 2,000 condominium residences in New York City. While at JPI, Art was responsible for the development of over 7,000 multifamily units. From 1983-1987, Carpenter was a commercial lender with Chemical Bank in New York. He is a 1983 graduate of Princeton University.
Before forming Ardent Residential with Art, Brett Denton was the Regional Vice President of Development for Gables Residential in Austin and Houston (2003 to 2005). Prior to Gables, Brett was Senior Vice President and Managing Regional Partner for JPI Development in Denver, Colorado and Vice President and Area Managing Partner for JPI in Austin and Houston (1997 to 2003). Brett has been involved in the development of nearly 7,500 multifamily units. Prior to focusing on the multifamily industry, Brett worked with Trammell Crow Company (D.C.), Simmons Vedder & Company (Austin) and Continental Homes (Austin). Brett is a 1987 graduate of Texas A&M University and a 1992 Graduate of the University of Chicago Graduate School of Business.
Prior to joining Ardent Residential as a Principal in October of 2006, Greg Smyrl was the Senior Vice President and Area Partner for JPI in Austin, focusing on acquisitions (2006). Prior to acquisitions, Greg was Senior Vice President of Asset Management for the West Coast and Central Divisions from 2003 to 2005 and served as Asset Manager from 1996 to 2002 overseeing 16,500 units in total. In all, Greg spent 14 years at JPI (1992-2006). Prior to JPI, Greg worked at Hall Financial Group (1989-1992). Greg graduated from Baylor University in 1989.