As the founder of EMBREY, I wanted to create experiences that stood out from our competitors and I was lucky to learn early in my career that the way to achieve that is to hire the best people and create an environment where they could do their best work.
Walter Embrey, Jr. Founder & Chairman
At EMBREY, in keeping with our founding principles, we have always believed there is nobility in the work of designing and creating a sense of place and community in the real estate development work that we do. Some of the keys to our success include working hard to create relationships, a company culture and a team that embraces craftsmanship, dedication to design and attention to detail.
The results of this approach can be seen in our signature projects like 7600 Broadway and Tin Top Flats at The Creamery in San Antonio to The Packing District in Orlando to Ironhorse Retreat in Tennessee and more. Across all six states where we currently operate, we share the pride and achievement with our business partners, investors and team members in all of our divisions.
This year, we celebrate 50 years of continuous success and service to our communities in creating places where people want to live, work and call home. We are consistently recognized nationally for the highest level of quality in our projects and in our responsible stewardship of resources. This recognition year after year is not easily achieved in the cyclical world of real estate.
To always Do The Right Thing , even when it is not easy, is a cornerstone value and living legacy of our founder, Walter Embrey, Jr., who first set us on a course of becoming the company we are today. Walter always said the most important asset we have is our people. We should always hire the best and create an environment where they can do their best work which still stands true today.
Our celebration of 50 years is a tribute to those people throughout the years, and today, who share their talents and their dedication to building on the blueprints and promise of building communities.
I invite everyone who has been part of our journey—whether through what we do, where we have been, or what we have accomplished—to come together and celebrate 50 years of milestone achievements with us.
Trey Embrey President & Chief Executive Officer
CELEBRATING 50 YEARS. 50,000 HOMES. THE EMBREY WAY.
Designing the experience from concept to build to management. Today, we have more than 500 team members working on multiple projects across Texas, Arizona, Colorado, Florida, North Carolina and Tennessee with five distinct divisions:
Investments – builds strong relationships with our institutional and private investors and our business partners.
Development – acquires the land where we build and develops the concepts for our consistently award-winning communities.
Construction – builds for EMBREY and third-party clients through partnerships with subcontractors focused on delivering quality craftsmanship.
EMBREY Management Services – our nationally recognized team manages multifamily communities for EMBREY and for our thirdparty clients.
Corporate – develops our short- and long-term strategy and maintains a high-performance operational support team.
walter embrey, jr
Walter Embrey, Jr., founded EMBREY on the principle to always Do The Right Thing . His enduring philosophy has always been to elevate the neighborhoods where we build, a core aspect of what we call The EMBREY Way .
Walter has been deeply ingrained in the San Antonio community and has received numerous recognitions for his contributions. In 1995, Walter was named San Antonio’s Entrepreneur of the Year for his business and civic achievements. He received the Philip M. Barshop Founder’s Award in 2003 for excellence and leadership in the real estate industry. In 2022, Walter was inducted into the San Antonio Business Hall of Fame and earlier this year was asked to chair the Alamo Building Committee to advise the Alamo Trust as it embarks on a $600 million renovation and expansion of the historic Alamo. His community commitments include more than a decade of service on The Witte Museum Board of Trustees and the Board of Trustees for the Texas Biomedical Research Institute.
To honor Walter’s 50 years of connecting communities, EMBREY dedicated a bridge in Walter’s name near Tin Top Flats at The Creamery, our awardwinning community in San Antonio. The pedestrian bridge spans the San Antonio River connecting neighborhoods in the Museum Reach area. All of us at EMBREY join in recognizing Walter for the successful impact he has had building business and community.
THE EMBREY WAY BRIDGE DEDICATION
Current Project Timeline
under construction
Project Name
Atando Contour at NoDa
Bel Aire
Cantara at Legacy Pointe
Collection at Boerne
Collection Hunter Crossroads
Collection Schertz Station
Harker Heights
Heartwood at Vermillion
Oxbow
The Sullivan
Charlotte, NC
Lakewood, CO
Spring Hill, TN
Boerne, TX
Fort Worth, TX
Schertz, TX
Denver, CO
Huntersville, NC
Englewood, CO
Littleton, CO
The goal at EMBREY is always to bring our standards of development to help advance the sense of community.
Jimmy McCloskey Executive Vice President
of Development
Keene at The District │ CO
Collection at gruene │ tx
Citron at The Packing District
Senna at Canyon Trails
Seven Oaks
Southerly at LoSo
The Finch
7600 Broadway
Collection Champions Circle
Collection at Gruene
Finley on The Green
Hensley at The District
Keene at The District
Statler McMain’s Station
The Quincy at Kierland
The Upland
Tin Top Flats at The Creamery
Orlando, FL
Phoenix, AZ
Phoenix, AZ
Charlotte, NC
Denver, CO
San Antonio, TX
Fort Worth, TX
New Braunfels, TX
Charlotte, NC
Centennial, CO
Centennial, CO
Gallatin, TN
Phoenix, AZ
Austin, TX
San Antonio, TX
7600broadway.com
collectionchampionscircle.com
collectiongruene.com
liveatfinley.com thehensley.com
livekeene.com
livestatler.com thequincyatkierland.com
livetheupland.com
tintopsa.com
Our Partners in the Business
EMBREY’s performance over our 50-year history demonstrates the value of disciplined investing and smart analysis of the economic environment. With a keen eye for detail, EMBREY has consistently prioritized the best interests of our investors, using a collaborative approach to guide our vision and decisions.
We have partnered with both private and institutional capital partners on a diverse range of scalable investment options based on asset type, geography, duration, strategic scope and return requirements. And, we are most proud of building strong relationships with our financial partners that are enduring and long-lasting.
As we set a course for the next 50 years, we invite our investors to join us in the journey of building upon the successful legacy of our first 50 years.
Invest with EMBREY
EMBREY manages real estate development investments with an emphasis on solid fundamentals and risk mitigation. We focus on raising capital, deal underwriting, fund management and asset management across a diverse range of portfolios. With an abundance of investment opportunities, EMBREY offers our fund investors a variety of investment options that b est match their preferences around asset type, geographic focus, transaction size, duration and strategy.
Since EMBREY’s inception in 1974, we have never failed to complete a project or fulfill a guarantee.
FUNDING TYPES
Escape at Arrowhead Peoria, AZ
Limited Partner Funds : Specialized funds focused on a specific asset type, largest portion of equity on each deal, timing spec ific to asset type, with both longer and shorter investment duration options.
Co-Invest Funds : Invests alongside EMBREY as GP equity in portfolio of deals, small to medium commitments, both long-term and short-term investments.
The Cannery at The Packing District Orlando, FL
Joint Ventures : Investments in single assets provided as primary equity, institutional and private equity, timing specific to ass et type, with both longer and shorter investment duration options.
Land Contribution : Land sellers interested in investing their land value into the development, invest alongside EMBREY as GP equity in the deal, timing specific to asset type, with both longer and shorter investment duration options, returns matched to those of primary equity investor duration options.
For more information regarding investment opportunities, please reach out to Chief Investment Officer, Garrett Karam, at garrett@embrey.com.
Statler McCain’s Station Gallatin, TN
Westerly Littleton, CO
2024 Subcontractor Excellence Awards
A significant milestone in our journey was the founding of EMBRE Y Construction in 1976. Over the decades, EMBREY Construction has been at the forefront of building excellence, transforming visions into reality with unparalleled craftsmanship and dedication. From our early days to becoming a leader in the industry, EMBREY’s quality work and strong business relationships have defined The EMBREY Way .
This year, we held and celebrated the inaugural Subcontractor Excellence Awards, an event recognizing the outstanding contributions of our subcontractor partners who have been integral to our success. We partnered with each winner to make a monetary donation to their charity of choice, reflecting our shared commitment to make a me aningful impact.
A special thanks to our incredible subcontractors who are committed to delivering excellence on every project. Here’s to the next 50 years of building great things together.
PROJECTS
DONATION MADE TO STEWART services
Tin Top Flats at The Creamery Collection at Gruene Colection Schertz Station Collection at Boerne 7600 Broadway
St. Jude Children’s Research Hospital
DONATION MADE TO design plastering
PROJECTS
Seven Oaks
Senna at Canyon Trails
The Quincy at Kierland
St. Jude Children’s Research Hospital
Tin Top Flats at The Creamery - San Antonio, TX
seven oaks | Phoenix, AZ
colorado
north carolina
florida
PROJECTS
Bel Aire
Harker Heights
The Finch
DONATION MADE TO genesis framing
Keene at The District
Hensley at The District
Luxe at Mile High
Encore at Boulevard One
Denver Rescue Mission
DONATION MADE TO doggett concrete
PROJECTS
Atando Contour at NoDa
Heartwood at Vermillion
PROJECTS
Autism Strong
DONATION MADE TO
Patriot Team South
Citron at The Packing District
St. Jude Children’s Research Hospital
DONATION MADE TO preventia security
PROJECTS
Statler McCain’s Station
Hurricane Helene Victim Relief Fund
Citron at the packing district | Orlando, FL
mCcain’s station | gallatin, TN
Harker heights | DENVER, CO
Atando Contour at NoDa | charlotte, NC
signature projects
In multiple markets, EMBREY has created what have come to be known as signature projects, recognized for their unique character, attention to detail and tasteful integration with surrounding neighborhoods. Every project has a story of its own…
Like that time in Phoenix when we tunneled under a six-lane interstate to connect to water on the other side.
Or that time in Fort Worth when we meticulously moved and restored the historic Garvey and Talbott-Wall houses to make sure
neighborhood history would not be lost.
Or that time when we moved a house outside of San Antonio once occupied by Texas Rangers.
Or, our collaboration to preserve and align our design to the historic Borden Creamery.
Or… well, you get the idea. Every project has a story and part of EMBREY’s signature is working in partnership with local communities to preserve and advance their stories.
Tin Top Flats at The Creamery | San Antonio, TX
Each year, the CoStar Impact Awards honor exceptional commercial real estate projects that drive vibrancy, economic growth and innovation within communities. In 2024, EMBREY received the CoStar Impact Award for Multifamily Development of the Year in the San Antonio market for Tin Top Flats at The Creamery. This project is a key part of The Creamery District, a mixed-use redevelopment transforming the historic Borden Dairy plant into a dynamic space featuring retail, office, dining and public amenities. Tin Top exemplifies EMBREY’s commitment to community-focused development.
7600 Broadway | San Antonio, TX
7600 Broadway stands out as a mixed-use development that combines residential and office space, housing EMBREY’s corporate office. Situated on a distinctive corner lot, its unique design reflects innovation and commitment to design.
Encore at Boulevard One | Denver, CO
Encore at Boulevard One is a standout luxury apartment in Denver as a LEED Gold-certified, mixed-use urban community, showcasing EMBREY’s commitment to sustainability and thoughtful design. As the #2 developer in Denver, we are proud to contribute to the city’s vibrant growth with projects like this that blend innovation and community focus. 2019
The Cannery at The Packing District | Orlando, FL
Marking EMBREY’s return to Orlando after 20 years, The Cannery at The Packing District is a signature project. Chosen as the developer from more than 200 contenders, this community reflects EMBREY’s commitment to excellence and our ability to deliver exceptional results, even in competitive markets.
significant projects
Expected Construction Completion in June 2026
Expected Construction Completion in December 2024
Atando Contour at NoDa | Charlotte, NC
Keene at The District | Centennial, CO
Luxe at Mile High | Denver, CO
The Kelley at Samuels Avenue Ft. Worth, TX
Carillon | Nashville, TN
Hensley at The District | Centennial, CO
Expected Construction
Completion in 2025
Seven Oaks | Phoenix, AZ
Seven Oaks exemplifies EMBREY’s commitment to creating projects that respect and enrich the communities where we build. This development in Phoenix features a stunning nature-inspired mural by renowned local artist Tato Caraveo. The mural reflects the area’s rich tradition of public art and was born out of thoughtful collaboration during the zoning process.
This partnership not only highlights the vibrant character of the neighborhood but also underscores EMBREY’s dedication to supporting local artists and fostering community connections.
Craftsmanship in building is taking that extra time and attention to detail to elevate the work. EMBREY creates an environment where the highest quality is supported and expected.
Helena Finley Managing Director & Executive Vice President of Construction
President and Chief Executive Officer, Trey Embrey, with local Phoenix artist, Tato Caraveo.
WALTER EMBREY STARTS THE EMBREY COMPANY
DEVELOPS FIRST PROJECT OUTSIDE OF TEXAS Chesapeake - Tampa, FL
DEVELOPS FIRST COMMERCIAL PROJECT Northcross Park - San Antonio, TX
NATIONAL ASSOCIATION OF HOME BUILDERS NOMINATES EMBREY FOR ITS "PILLARS OF THE INDUSTRY" AWARD
EMBREY'S 50TH MULTIFAMILY PROJECT OPENED
Marley Run - Baltimore, MD
MULTI-HOUSING NEWS RANKS EMBREY #8 IN NATION'S TOP 25 MULTIFAMILY BUILDERS
EMBREY COMPLETES OVER 4 MILLION SQ FT OF COMMERCIAL PROJECTS
Building Relationships , Next Generation Leaders and Communities
EMBREY does not just build “in” a community… we build and strengthen communities.
An essential part of who we are is our commitment to investing time, energy and philanthropic support in community and professional service organizations, as well as in educational opportunities, for the next generation of industry leaders.
Throughout the year, EMBREY and its team members give back to the community, supporting causes such as Habitat for Humanity, Feeding America food banks, toy drives, back-to-school drives, United Way and many others.
Professionally, we are members of the national and San Antonio Chapters of the Urban Land Institute, Real Estate Council of San Antonio, National Multifamily Housing Council, National Apartment Association, greater: SATX and many others.
The Embrey Real Estate Finance and Development Program at The University of Texas at San Antonio was named after our founder, Walter Embrey, Jr., following his impactful contribution and he remains active on the program’s Founder’s Council today. EMBREY also invests in the UTSA Embrey CREW Scholars Endowment Scholarship that supports the advancement of women pursuing education and careers in commercial real estate.
A Legacy of Excellence
1995
“Entrepreneur of the Year” Award
1997
Multi-Housing News Ranks EMBREY #8 in Nation’s Top 25 Multifamily Builders
National Association of Home Builders Nominates EMBREY for its “Pillars of the Industry” Award
San Antonio Business Journal Ranks EMBREY One of the “Top 50 Privately Held Companies”
San Antonio Express News Names EMBREY “One of San Antonio’s Top Workplaces” 2014
SatisFacts Names EMBREY a Company Award Winner in Resident Satisfaction
2018
EMBREY Receives Healthy Workplace Recognition (Silver) by San Antonio Business Group on Health
NMHC Ranks EMBREY as a “Top 25 Builder”
Trey Embrey Receives C-Suite Award by San Antonio Business Journal
2019
EMBREY is Voted “Best Places to Work” by San Antonio Business Journal
EMBREY Receives Healthy Workplace Recognition (Gold) by San Antonio Business Group on Health
SatisFacts Names EMBREY a Company Award Winner in Resident Satisfaction
2020
EMBREY is Voted “Best Places to Work” by San Antonio Business Journal
SatisFacts Names EMBREY a Company Award Winner in Resident Satisfaction
2021
SatisFacts Names EMBREY a Company Award Winner in Resident Satisfaction
2022
EMBREY is Voted “Best Places to Work” by San Antonio Business Journal
SatisFacts Names EMBREY a Company Award Winner in Resident Satisfaction
2023
EMBREY is Voted “Best Places to Work” by San Antonio Business Journal
SatisFacts Names EMBREY a Company Award Winner in Resident Satisfaction
2024
San Antonio Business Journal Nominates EMBREY as a “Business of the Year” Finalist
EMBREY is Voted “Best Places to Work” by San Antonio Business Journal
EMBREY Summer Internship Program
Celebrating 10 Years
Class of 2024
EMBREY SUMMER Internship Program GUIDE
EMBREY is committed to mentoring the next generation of real estate leaders.
Since 2014, the EMBREY Internship Program has provided meaningful learning opportunities to paid interns for 10 weeks each year. Through a competitive, merit-based selection process where only one out of every 100 applications is accepted, EMBREY interns become fully immersed in our culture, working alongside our division teams on projects providing real-world applications in the areas of Investments, Development, Construction, EMBREY Management Services and Corporate Services.
The program has evolved over the past decade to include a wide range of students with diverse backgrounds, including women and first-generation college students across the six states we serve . The hands-on experience our interns receive equips these future leaders for successful careers, with many choosing to begin their professional journey at EMBREY.
As we celebrate 10 years of mentorship, we take pride in the impact the program has had, both on our interns and our organization, with 14 former interns now employed as full-time EMBREY team members.
Keys to Success: 25 Years of Property Management Excellence
EMBREY reaches its fullest potential when residents choose to move into our multifamily communities and call them home.
In 2025, EMBREY Management Services will celebrate 25 years of providing best-in-class service for residents and for our third-party clients who ask us to manage their communities. Our teams are known for managing, maintaining and providing leasing services as if we live there ourselves. Year after year, our properties are nationally recognized as being among the best in the industry.
“ For our EMS team, The EMBREY Way is not just a slogan or a set of values gathering dust on a shelf ,” says Allyson McKay, Managing Director and Executive Vice President of EMBREY Management Services. “ It’s something we live every day—focusing on the details and staying dedicated to making the places we create truly feel like home. ”
Square Feet of Commercial and Multifamily Real Estate
50 YEARS OF SUCCESS: 1974 - 2024
30+ Markets We’ve Worked In Since 1974
Walter has created a combined Units Managed
6,000+ openings 3 Units Leased 9,000+ KEY WINS OF 2024
2,000 groundbreakings
2 Team Members 500+ Units Under Construction or In Development
2 VOLUNTEER HOURS PROVIDED
3 loan CLOSINGS
12,000+ 50th anniversary video
6 land CLOSINGS
2 Completions
Congratulations to the entire team at EMBREY - Walter, what a great legacy you have left!
Incredible talent at EMBREY. Walter definitely lives by always doing the right thing. Congratulations EMBREY!
Ydette H.
Account Executive | Expert Recruiting Company
Congratulations to Walter Embrey, Jr. on 50 years of remarkable contributions and leadership in enhancing communities. The dedication of a bridge in his name is a fitting tribute to his enduring commitment to doing the right thing and connecting neighborhoods.
Laurie Griffith San Antonio Market President for Independent Financial
Once a multifamily community is completed, EMBREY empowers my team to manage it every day as if we live there and call it home.
Allyson McKay Managing Director & Executive Vice President of EMS
At EMBREY, we love what we do. And on every project, there is an impactful story behind the story.
Brad Knolle Executive Vice President of Development
They don’t come any better than the EMBREY team. Well done!
David McGee CEO Amergy Bank | Central Texas Region
I’ve always admired this company and the people I’ve had the pleasure of collaborating with in the past years. Congratulations!
Greta Malmin Owner | Malmin Design Group
Jason Rheinlaender
Experienced VP of Sales | Knight Office Solutions
The most respected man I know in the industry. What a legacy! Thank you Walter for 50 years of excellence! Congratulations!
Brett Mauthe Multifamily Construction Executive San Antonio
Success at EMBREY is truly a partnership and a relationship with those who invest in and trust our vision.
Garrett Karam
Chief Investment Officer
Since it was founded in 1974, EMBREY has been consistent year after year in upholding the highest standards and values that really make it unique among its competitors.
Rod Riordan Chief Financial Officer
CELEBRATING
CELEBRATING 50 YEARS. 50,000 HOMES. THE EMBREY WAY. 50,000
future forward
Anniversaries appropriately honor the achievements of the past.
Equally as important, anniversaries open a door that invites us to build upon legacy and success as we look ahead and envision our future pathways.
Walter Embrey, Jr.’s original vision in 1974 created opportunity for team members, investors, business partners, residents and communities to join his journey toward creating places where people want to be.
From commercial real estate projects to multifamily designs that created a sense of place and home, EMBREY made an enduring mark on 50 years of real estate history in Texas and an array of states including Arizona, Arkansas, Colorado, Florida, Illinois, Indiana, Kansas, Maryland, Tennessee and North Carolina.
When Trey rejoined EMBREY in 2010 and became President and CEO in 2017, his mission was to guide the company’s
adaptation in a rapidly changing real estate environment across a spectrum of new economic, digital and human resource imperatives.
“Trey’s job was really to translate a legacy of success into a strategy and plan for the next 50 years,” says Walter.
An essential part of that “future forward” strategy includes a renewed invitation to old friends and a new generation of team members, investors, business partners,
residents and communities to be part of the journey.
Our five decades of success are built on a “strong network of valued relationships,” says Trey. “We’ve learned that these relationships are as much a part of the formula of our success as innovative design, craftsmanship, attention to detail, and always doing the right thing. As EMBREY looks ahead to the future, we invite everyone who’s been part of our journey—and those who want to be—to join us in building what’s next.”
