The EMBREY Way Quarterly Newsletter | 2025 Issue 2
People often say the only thing that is predictable in life is change. It sure seems like it sometimes, considering the last few years managing our way through a wide range of change and adaptation related to the pandemic and swings in the economy.
Thinking about this prompted me to reflect on reaching a milesto ne of 50 years in business.
Throughout five decades, there was lots of change – expected and unexpected. But, EMBREY not only endured, we flourished. From our Texas base we expanded reg ionally and nationally. We’ve been consistently recognized over the years among the best in the business for our designs, our attention to detail, and our trustworthiness. We’ve been judged repeatedly as one of the best places to work.
So, while change is constant, so is our consistency in building value, positive reputation, and great places to live. Most importantly, though, we’ve built these thi ngs because of great people who do great work. That’s you and your teams.
I believe one of the best ways to manage change is to create a company environment where those who choose to work here can do their best work. We provide opportunity, encourage people to share their best ideas, and recognize and reward excellence.
Since Walter founded the company in 1974, EMBREY has focused on hiring great people and creating a place where people can build satisfying careers.
As I reflect on 50 years, I realize we’ve done a pretty good job – EMBREY has successfully managed change because we’ve always had a solid foundation of great peo ple.
As we celebrate 50 years, let’s make sure to celebrate each oth er.
I add my congratulations to each of you for jobs well done and your contribution to our success.
Trey Embrey President & Chief Executive Officer
Walter Embrey, Jr., Lifetime Achievement Honoree
SAN ANTONIO BUSINESS JOURNAL
In 1974, Walter Embrey, Jr. made a pivotal decision to move his young family from Austin to San Antonio to build a career in real estate development. With a family to support, he put everything he had into his first big idea. Now, 50 years later, the San Antonio Bu siness Journal honored Walter on May 13, 2025, with its Lifetime Achievement Award for his lasting contributions to developing and elevating the communities where EMBREY builds.
With attention to detail and dedication to design, building exceptional places for people to live and work is a value that has defined W alter’s professional and personal career. He will tell you the foundation of success is having a focus on hiring the best people and creating an environment where they can do their best work. A reflection of t his philosophy is proven by EMBREY consistently being recognized as one of the best places to work.
In his junior year at The University of Texas at Austin (UT), W alter made a pivotal decision that launched his career in real estate at age 20, taking a part-time job with one of Austin’s largest homebuilder s. There, he learned all aspects of homebuilding and land development. That led him to his next job as CEO of an Austin-based multifamily c ompany where, as partner, he led the development of more than 6,000 units in the Texas market.
Throughout his career, Walter has developed over 50 million square feet of real estate. Today, celebrating 50 years as a vertically integrated real estate investment company, EMBREY has developed more than 50,000 residential apartment homes and 6 million square feet of office, industrial and retail space across 11 states and more than 30 cities. EMBREY has served as developer, contractor, manager, acting owner and general partner of places designed to embrace the way people live and work. EMBREY projects have consistently been recognize d for design, attention to detail, quality and tasteful integration into surrounding communities.
Walter’s 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, is a hallmark of his success.
His donation to The University of Texas at San Antonio was the catalyst for the Embrey Real Estate Finance and Development program. He served as Founding Member and Co-Chairman of the Real Estate Finance Center at the UT Austin McCombs School of Business and
was a member of the Advisory Board for the UT Austin School of Architecture. Walter was also a Founding Member and President of the Real Estate Council of San Antonio (RECSA) and was a Board Memb er of the National Multifamily Housing Council.
His many community commitments include more than a decade of service as Chairman of the Facilities Committee and member on the Board of Trustees for both the Witte Museum and the Texas Biomedical Research Institute. He also currently serves as Chairman of the Alamo Building Committee, advising on their $600 million renovation and expansion of the historic Alamo.
In 2022, Walter was inducted into the San Antonio Business Hall of Fame by Junior Achievement. He has been recognized as San Anton io’s Entrepreneur of the Year and has been a recipient of the RECSA Philip M. Barshop Founder’s Award for excellence and leadership in the real estate industry.
Walter’s passion outside of real estate is his family. His son, Trey Embrey, currently serves as President & CEO of EMBREY. Daughter Lisa (Embrey) Nichols, is an award-winning custom home builder in San Antonio and the surrounding area. His daughter Stacey (Embr ey) Rubin, Ph.D., is a psychotherapist and in addition to her practice, has created four healthcare companies with her husband.
Congratulations, Walter!
South Texas Power Players: Influential Pros to Know in 2025
President and CEO, Trey Embrey, has been selected as a South Texas Power Player for his work in shaping the business landscape in San Antonio and across the state of Texas.
The San Antonio Business Journal’s curated list of power players includes business and community leaders who stand out amongst their peers for shaping the future of the region. The list includes “high-profile executives and civic leaders… the faces behind iconic brands, the change makers pushing policy, the connectors behind the scenes and the bold voices speaking up for what South Texas can become.”
“These are the people whose decisions, vision and influence are steering the economy, building community and redefining what leadership looks like across our cities and industries,” the newspaper said.
Trey shares, “ The EMBREY Way is built on a set of values to always do the right thing and to create opportunity for the talented people on our team to do their best work. While this recognition calls me out individually, this really is a statement about the team we’ve built here at EMBREY and the remarkable accomplishments we achieve together.”
Consistent and collaborative teamwork is the success story of 50 years in business and I am proud to build upon our legacy and lead Team EMBREY into a bright future.
Trey
Embrey
President & CEO
Leading... The EMBREY Way
MEET THE EXECUTIVE LEADERSHIP TEAM
At EMBREY, strong leadership is more than strategy, it’s about creating a culture where team members thrive. The core of ONE EMBREY is our people and our Executive Leadership Team (ELT) leads by example, embodying the values th at define EMBREY:
Do the right thing. Details matter.
Rise to the challenge. Own it.
With deep industry experience and a shared commitment to integrity, innovation and people-first values, this team guides every aspect of our busine ss, from development and investments to corporate support services.
Whether championing community partnerships, supporting professional growth or steering us into new markets, our leaders make EMBREY a place where people want to be.
Our Executive Leadership Team sets the tone for who we are, how we work and where we’re headed.
TREY EMBREY PRESIDENT & CEO
GARRETT KARAM CHIEF INVESTMENT OFFICER
ROD RIORDAN CHIEF FINANCIAL OFFICER
MCCLOSKEY CHIEF DEVELOPMENT OFFICER
JIMMY
Project Timeline
under construction
Project Name
Contour at NoDa
Cantara at Legacy Pointe
Collection at Boerne
Harker Heights
Heartwood at Vermillion Oxbow
The Sullivan Flats at The Hatchery
Charlotte, NC
Spring Hill, TN
Boerne, TX
Denver, CO
Huntersville, NC
Englewood, CO
Littleton, CO Austin, TX
At EMBREY, we create communities and we create a resident experience.
Allyson McKay Managing Director and Executive Vice President of Management Services
TOPPING OUT AT COLLECTION AT BOERNE & COLLECTION SCHERTZ STATION!
EMBREY’s Build-to-Rent communities in Texas—Collection at Boern e and Collection Schertz Station—celebrated exciting progress with topping out e vents at each site in late April and early May. Team members from the construction and development teams celebrated and recognized the contributions of our subcontractor partners. These milestones mark the completion of structural framing and bring us one step closer to delivering these vibrant homes to future residents.
Special thanks to our construction team members for coordinating two very successful events:
Nubia Sanchez, Howard Eickenhorst, Austin Roberts, Marcus Mancada, Ross Bedgood, Florencio Segura, Jr., Nathan Chew, Joe Delacruz, Noe Flores, Alfredo Arellano, Joaquin Gaston, Clayton Duecker and Mitchell Nichols, Jr.
To learn more about these properties, visit: www.collectionschertzstation.com www.collectionboerne.com
EMBREY CLOSES ON CONSTRUCTION FINANCING FOR MULTIFAMILY PROJECT ON LADY BIRD LAKE NEAR DOWNTOWN AUSTIN, TEXAS!
PRODUCT
5-story Podium with 344 apartment homes
LOCATION DETAILS
Located on the shores of Lady Bird Lake just east of downtown Austin, TX.
ESTIMATED PROJECT TIMELINE
Q2 2025
Construction Starts
MARKET HIGHLIGHTS
BOERNE: MARCH 28,
Q2 2027 First Units Q2 2028 Project Completion
Just minutes from downtown Austin, The Hatchery offers a unique, walkable enclave featuring multifamily, senior housing, office and retail space. This dynamic mixed-use neighborhood blends the energy of Austin’s vibrant core with the tranquility of a natural setting. The Hatchery benefits from robust job growth and its position within one of the nation’s top cities f or corporate relocation and cultural innovation.
Team EMBREY on the Project: INVESTMENTS
Garrett Karam, Sarah Carrol, Ellen Gillaspie, Monica Garza and Hunter Scott
DEVELOPMENT
Jimmy McCloskey, Casey Klein, Chris Alvarado, Jenna Stoetle, Jacob Shalley and Shelby Rowland
CONSTRUCTION
Helena Finley, Tye Burch, Andrew Wehlander, Nubia Sanchez, James LePage, Seth Stephenson, Luis Franco, Ross Bedgood, Mitchell Nichols, Jr., Ricardo Hernandez, Joseph Ponce, Megan Johnston, Douglas Latimer, Jacob Newton and Cynthia Olivan
The Hatchery rendering | Austin, tx
SCHERTZ: APRIL 11, 2025
COLLECTION HUNTER CROSSROADS ACHIEVED MAJOR MILESTONES!
In the months of April and May, our construction team and valued subcontractor partners came together to celebrate a series of m ajor milestones for Collection Hunter Crossroads in Fort Worth, TX. As part of EMBREY’s of Build-To-Rent Collection communities across Texa s, this project continues to move forward with strength and precision.
Thanks to the leadership and determination of Team EMBREY and the dedication of our subcontractors, the following has been achiev ed:
• All MEP rough-in inspections were completed 67 days ahead of baseline
• Drywall was finished an impressive 94 days early
• Clubhouse turned over to Management 18 days ahead of schedule
• Pool Courtyard turned over to Management 22 days ahead of schedule
• Turn 1 turned over to Management 13 days ahead of schedule
Even with 66 weather delay days, the team’s resilience and stro ng coordination enabled us to deliver these milestones ahead of schedule. This momentum is a direct result of EMBREY’s commitment to excellence and the exceptional teamwork happening on the ground every day. Congratulations to all!
To learn more about this community, visit: www.collectionhuntercrossroads.com
Q2 2025 Celebrations
NATIONAL PET APPRECIATION WEEK
Alexander Warner Nova
Stella, Frankie & Gimli
Ben Cloutier
Ziggy, Zola, Shadow, Riker and Hockley
Helena Finley
Odin Analysa Juarez
Major Kaylyn DeAnda
Mr.Sosa,EllieMae&Chico Korinda Serna
Bear Jamie Fash
Handsome Ashlee Johnson
Bailey & Astro Ashley Hodge
Momma, Pimp, Tulip, Blondie & Soxy
Annette Moses
Miss Chloe Emily Sullivan
Max Colin Keaton
Sammy Connie Benavides
Ellie Bean Mark Brandenburg
Buddy
Mack & Tito Megan Johnston
Miloh Amanda Garza
Kolache Esther Kinzie
Levi & Lilou Megan Jacob
Major,Macie&Milo JaimeWhiteside
Chloe & Precious Caleigh Teutsch
Gigi & Gia Daisy Pacheco
BrandonDora Cardenas
EMBREY Chief Barking Officer
Mario Rico
Kermit Jenna Stoeltje
Josephine & Moose
Harper Kaitlyn Winter Indy DarylNance
Roxy Jane Hart and Tarzan Flaco
Floralicia Contreras
Beyond the Blueprint TEAM EMBREY BRAG BOARD
Real Estate Council of San Antonio
Development Operations Manager, Samantha Gonzales , joined the Real Estate Council of San Antonio in 2024, where her “Project X” team earned first place for their group project regarding the development and construction of a 300 unit attainable housing project within the Brooks City Base area in San Antonio, TX.
Daughter of Penny Benavidez , Director of Communications and Brand Management, was a 2025 Magna Cum Laude graduate of O’Connor High School in San Antonio, Texas. Abbey was a member of the National and Science Honor Societies and captain of the Golduster Dance Team. Abbey will attend Texas Tech University this fall as a Presidential Merit Scholarship recipient, majoring in Pre-Nursing. Congratulations
Training Administrator, Camila Alba, bought her first home in San Antonio, TX. New Home!
Leasing Manager at Mission Hills Apartments, Mark Martinez, got married on May 5, 2025.
Congrats Grad
Technology Operations Manager, Jake Tovar, graduated with a bachelor’s degree in Cyber Security from Texas A&M San Antonio.
Congratulations
Field Superintendent, Xavier Ibarra , graduated from the University of Texas at Arlington with a bachelor’s degree in Construction Management.
Newlyweds
Daughter of Community Manager at Collection Schertz Station, Maria Soza , graduated high school in May and also earned her cosmetology license.
Congratulations
Investments Executive and Legal Assistant Monica Garza’s nephew, Brandon, recently proposed to his now fiancée, Denise, during a heartfelt trip to Japan. Denise is courageously battling cancer and their families have come together to help make her dream wedding a reality. A beautiful reminder that love always leads the way.
Congrats Grad
Assistant Project Manager Trainee, Betlhem Thomas, graduated from Colorado State University with a bachelor’s degree in Construction Management.
Congratulations
Community Manager at Trifecta Belmar, Mia Wood, married the love of her life and recently celebrated their one-year anniversary.
Congratulations
Housekeeper, Elizabeth Hernandez , bought her first home on May 5, 2025.
New Home!
Daughter of Community Manager at Retreat at Chelsea Park, Lacey Neet competed in the NEISD Elementary track meet in May and placed 3rd in Javelin.
3rd Place in
Javelin
Community Manager at The Green at Plum Creek, Caleigh Teutsch, welcomed her first baby on February 3rd, 2025 and named her Layla Grace.
Regional Manager, Deanna Dunn , became a first time grandmother. Her son and daughter-in-law welcomed Colter Ryan into the world in March.
Property Accountant, Giovanna Olguin, welcomed her first baby in December of last year. His name is Easton James.
national construction safety week recap
Through a series of initiatives, we emphasized our commitment to the health, safety and well-being of every individual on our jo b sites through this year’s Construction Safety Week. With a theme cent ered on awareness and proactive care, our teams across our markets came together to refresh, retrain and reinforce a culture of safety.
As part of our safety-first approach, all field team members were retrained in First Aid and CPR protocols to strengthen on-site emergency preparedness. In addition, new AED units were deployed to every active construction site to ensure rapid response capabilities in the event of a health emergency.
Below is a snapshot of our safety training progress as of May 2 025:
Safety standdowns held during Construction Safety Week
90% of field team members completed First Aid & AED online training
89 team members (90%) participated in SFI: OSHA Inspection Procedure Training
85 team members (80%) now hold up-to-date OSHA certifications
100% of team members completed EMBREY’s Injury & Incident Reporting Protocol training
Texas field teams participated in Heat Illness Prevention Training hosted by SFI in May
These milestones reflect not just compliance, but care. From preventive training to onsite equipment upgrades, we’re committ ed to creating safe, responsive environments where our people can do their best work and go home safely each day.
Thank you to our construction leaders and safety champions for your ongoing dedication to excellence.
Collection Hunter Crossroads | Fort Worth, TX
Flats at The Hatchery | Austin, TX
The Finch | Denver, CO
Collection Schertz Station | Schertz, TX
ONLINE STORE
TEAM EMBREY REPPIN’ IN STYLE!
EMBREY apparel and gear officially arrived across all six states where we live, work and build. From the corporate office to leasing offices and jobsite s, team members are now rocking the new look and showing off their Team EMBREY s pirit in style.
To celebrate, the corporate team gathered on Friday, May 9 for a pickup party. The highlight of the day... a special appearance from Buddy, EMBREY ’s Chief Barking Officer, who made sure every package was properly inspected and a pproved with tail wags and pup charm.
Thank you to everyone who sent in photos. The pictures say it a ll: Team EMBREY never looked better.
For questions, contact Director of Executive Support Services & Special Events, Michelle Southwell, at michelle@embrey.com
EMBREY Corporate Support Committees
Q2 UPDATE
CULTURE CLUB COMMITTEE
Alma Nicholson | Construction
Ashley Hodge | Communications & Brand Management
Brittany Ruhmel | Investments
Gabe Garcia | People Services
Hortencia Morales | Finance
Camila Alba | People Services
Jennifer Callender | Accounting Services
Jessica Cortez | People Services
Melissa Hayes | EMBREY Management Services
Mica Schnieder | Investments
Samantha Gonzales | Development
EMBREY’s Culture Club launched their first team events in March and set the tone for a Q2 filled with connection, celebration and giving back.
The fun kicked off with EMBREY’s annual participation in a compa ny-wide NCAA Bracket Challenge, which brought out some friendly competition across our six states. Congratulations to our top three winners:
• Alfredo Arellano, Field Superintendent
• Howard Eickenhorst, Construction Field Project Manager
• Mitchell Nichols, Jr., Construction Project Engineer
In April, the Culture Club partnered with United Way of San Antonio and Bexar County for the 11th Annual Shoebox Project in celebration of National Volunteer Week . Team members donated supplies and contributed funds to help assemble shoeboxes filled with essential care items for those in need. A Fiesta themed workshop was held featuring music, aguas frescas and creativity. A special thanks to United Way gu ests Gabriella Hernandez and Richard Hardy for joining us and sharing more about this impactful community effort. This effo rt allowed Team EMBREY to donate a total of 250 boxes!
Shortly after, the Culture Club hosted a coffeehouse-style pop-u p featuring the Reunion Coffee Cart and pastries from Alebrije Bakery. The Cocina transformed into a full café experi ence with games, conversations and a cozy atmosphere that brought team members together over fresh brews and great energy.
United Way Fiesta Shoebox Workshop: April 24
EMERGENCY RESPONSE TEAM COMMITTEE
Allison Hockersmith | Administrative Services
Alma Nicholson | Construction
Anna Ziegler | Finance
Ben Cloutier | Finance
Camila Alba | People Services
Dora Cardenas | Accounting Services
CPR Training: April 4
Garrett Fox | Development
Iliana Morales | Development
Rich Brinkman | Construction
Taylor Brown | EMBREY Management Services
Trent Aukerman | Investments
In April, our Emergency Response Team became officially certified in First Aid, CPR and AED through the American Heart Association. This training was made possible by our training partner, Cintas. From breathing emergencies and choking, to strokes, heart attacks, burns and other critical situations, our team trained to handle it all. They also got hands-on with the 5-step CPR and AED process. It is safe to say Team EMBREY is prepared, informed and ready to respond!
Special thanks to Allision Hockersmith for coordinating the training at our corporate office in San Antonio, TX.
The Standard Operating Procedures (SOP) Committee committee is making meaningful strides toward enhancing operational consistency and efficiency across the organization. A major milestone is the decision to partner with EMS to transition all SOP documentation from OneDrive to Policy Partner by Grace Hill. While implementation is still underway, the team is currently developing a timeline to identify and map key processes in Visio. From there, existing SOPs will be compiled for review—allowing the team to determine which SOPs s hould be removed, updated or newly created. This foundation will support the buildout of a streamlined, centralized SOP library in Policy Partner. Once implemented, the platform will enable easy access to policies through PerformanceHQ, automate assignments, increase compliance through secure acknowledgments and tie training directly to policies—ul timately reducing administrative effort while fostering a culture of clarity, consistency and high performance.
EMBREY Summer Internship Program
WELCOME CLASS OF 2025
Ashley Clingman
Accounting Services
San Antonio, TX
Texas A&M University
Francisco Ibarra
Construction Application (Corporate)
San Antonio, TX
University of Texas at San Antonio
Sabba Razag
EMS Operations (Corporate)
San Antonio, TX
University of Texas at San Antonio
Colten Molak
Construction | Field
Austin, TX
University of Arkansas
Kassandra Falcon
Communications & Brand Management (Corporate)
San Antonio, TX
Trinity University
Thomas Kurtz
Construction | Field
Charlotte, NC
Clemson University
CarolAnne White
EMS Operations (Corporate)
San Antonio, TX
Texas A&M University
Jacob Guerrero
Accounting Services
San Antonio, TX
University of Texas at San Antonio
Thaily Gonzalez
People Services (Corporate)
San Antonio, TX
University of Texas at San Antonio
Elliana Evans
EMS Operations (Corporate)
San Antonio, TX
Texas A&M University
Construction | Field Denver, CO
University of Denver
William Miller
Development (Corporate)
San Antonio, TX
Texas A&M University
Natalia Zuniga
Real Foundations and EMBREY team members across several departments continue working to set up Yardi for Corporate, Development and Construction Accounting activities. The existing EMS Yardi contract has been amended to include all of EMBREY. The team is focused on documenting the current processes and Sage setup, and then will formalize future processes for operating with Yardi. We are also currently meeting with integration vendors to connect existing support systems to Yardi. Thank you to all Project 50Plus team members for your valuable contributions to the project!
