Our Story
In winter of 2018, Darmetric Maloy constructed a business plan for a developmental company and pitched the idea to Frank Newsome to join into a partnership in building commercial property and giving us the position to have financial freedom, focusing on our community and the needs of the Pacific Northwest. In February of 2019, Signature Development was born with it’s first project named “Signature on 35th”, which is a 12-unit apartment complex. This project kicks off our plan to document our experience for mass production and repeatable processes. We combined all of our experiences with real estate and our professional careers to build a professional team. Signature on 35th LLC has a proven track record of successfully running multiple construction projects. We have led multiple roles throughout the life of the projects, provided extensive hands-on experience in all phases of design, construction, and project closeout. We are self-starters having demonstrated the ability to efficiently lead employees to finish projects on time and on budget.
Meet The Team
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Darmetric Maloy
Principle
I attended the University of Washington. While at the University, I completed several internships with local and federal government agencies, including working in Washington D.C. for Congressman Brian Baird. Congressman Baird was in the House of Representatives and covered the 3rd District of the State of Washington. I graduated from the University of Washington in 2006 with a bachelor’s degree in Political Science. In 2008, I joined the Multnomah County Sheriff’s Office and have been a deputy with this agency for 13 years. While working for the sheriff's office, I gained an interest in real estate. I have bought several properties and have been through the build process from start to finish with my current primary home. Darmetric Maloy and I began our journey into commercial real estate in 2019 when we formed our LLC, Signature on 35th. My role within the company is to function as the liaison between the company and the City of Tacoma. This includes working with a project manager with the City of Tacoma on the Multifamily Property Tax Exemption Incentive. I also work very closely with a business development manager, also with the City of Tacoma, on lining up and vetting potential sites for future developments. I would like to add that all our hard work paid off when we broke ground in late October 2021 on our first commercial real estate project. We are currently building a 12-unit complex in Tacoma, WA.
Darmetric Maloy is a native son of Seattle and the Pacific Northwest. But his introduction to homebuilding came at the age of 12 when he moved to Paris, Texas. He became an apprentice of sorts in his uncle’s carpentry shop. He accompanied him to job sites, fetching tools and supplies and watching
new homes erect to welcome new families. He has always maintained two careers: one corporate and one as a real estate investor. After returning to Seattle in 1998, Darmetric attended Washington State University, leaving after his junior year to work full-time for GE Energy. Eventually, Darmetric earned a degree in Business and Information Systems from the University of Phoenix and secured positions with B/E Aerospace and The Boeing Company, where he gained experience in global cost reduction, forecast management, auditing
and international contract negotiation. Over the years, he managed more than $2 billion in contracts with cost reductions and risk avoidances of more than $250 million. Currently, Darmetric is a Business Analytics Manager for ALEKO with primary responsibilities sourcing, developing, and implementing Enterprise Resource Planning software for the company.His real estate career began with a primary home purchase that became his initial investment in a buy and hold portfolio. Along with his business partner and fraternity brother, Frank Newsome IV, Darmetric created the Signature Development company focused on building commercial affordable housing. They currently have more than 30 units under development and construction. He plans to implement
financial literacy programs for people of color partnering with other established companies in the region. Darmetric, his wife Jamie, and son DJ like to spend free time vacationing with family and friends as they prepare for the arrival of a baby girl. He is also involved in community programs as a member of Alpha Phi Alpha Fraternity, Inc.
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Frank Newsome IV
Partner
