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Multifamily Development
With over
three decades of development experience, innovative design and the
highest standards of construction, Embrey has earned a high degree
of success and an impeccable reputation. Each phase of every development
is infused with a fresh, creative energy combined with the insights
and solution-driven disciplines that the past thirty plus years
have taught us. From analytical site selection and acquisition to
unique design, quality construction and intense marketing, Embrey
ensures that each step of development is a defined and deliberate
approach to success. Intensive market and economic research, with
a strong fiscal foundation in tandem with some of the country's
top financial institutions, assure the viability of Embrey's products.
The result is more than 25,500 units of luxury apartment homes providing
quality residences for individuals who seek the "livability" and
desirability that Embrey developments represent.
Embrey is composed of several affiliated development entities. Embrey
Partners, Ltd. provides development services for market rate multi-family
rental properties and affordable multi-family rental properties.
Trinity Asset Development Company, Ltd. provides development services
for industrial distribution properties, build-to-suit office projects
and retail properties. Furthermore, Embrey, through its affiliates
Embrey Construction, LLC and Embrey Builders, LLC provides
general contracting for its own developments as well as third party
work. Embrey Management Services offers experienced management of
multi-family communities for Embrey properties in addition to various
other owners.
Embrey Investments, Inc. was established in 1974 by Walter M. Embrey,
Jr. The company's focus was on the development of multifamily rental
properties, for-sale condominiums and commercial properties in major
Texas cities. With the expanding demand for development in the early
1980's, the company entered new markets on a national scale. During
this period, Embrey conducted business in nine states and established
branch offices in Washington D.C., Tennessee, Florida and Chicago.
These offices developed multifamily, commercial and build-to-suit
ventures in the Southeast, the Midwest, and the Northeast.
During the late 1980's Embrey seized an opportunity to refocus its
development philosophy, and structured a new vision responding to
changing economic indicators. Embrey repositioned itself to capitalize
on the value-added capabilities of a boutique firm with national
development experience.
Within the last ten years, Southwest and Midwest developments have
included 3,578 units in San Antonio, 1,270 units in Austin, 2,414
units in Houston, 1,234 units in Dallas/Ft. Worth, 1,752 units in
Denver, 344 units in Indianapolis, 334 units in Kansas City, 260
units in Little Rock, 324 units in Memphis and 304 units in Phoenix.
The 248 unit Oakmoor Apartments in Houston began lease-up in April
2007 followed by the May 2007 opening of the 271 unit Verde Ridge
Apartments in San Antonio. In the construction phase are the Las
Colinas at Black Canyon Apartment Homes, with 304 units, in Phoenix
and both the 309 unit Inverness Apartment Homes and the 288 unit
Aurora Town Center in Denver. Also under construction is the 280
unit Artessa at Quarry Village. Artessa is part of Embrey's Quarry
Village mixed-use development in San Antonio which will also include
104,000 square feet of specialty retail, restaurants and office.
Cumulatively, Embrey, its principals and affiliates have been involved
in over 150 successful real estate projects throughout the continental
U.S. These developments include over 25,500 apartment and condominium
units, 6.0 million square feet of commercial space development and
several mixed-use projects. To date, developments have been completed
for individual investment purposes, on a third-party basis and through
joint venture transactions. Investor clientele includes major financial
institutions, pension funds, individual investors and Fortune 500
companies.
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Dennis
W. Elmore
Senior Vice President, Development
With more than twenty-eight
years of experience identifying the prospects of sites and markets
across the country, Embrey’s Senior Vice President of Development,
Dennis W. Elmore, leads the professional team making those critical
assessments. In the realm of multifamily development, the success
of each project is determined by the ability of the team to understand
and command the impact of the many facets of the development process.
Dennis’ team evaluates market conditions on a daily basis to include
demographic and economic factors as well as the native, aesthetic
characteristics of the land.
Following years of commercial site development for a leading retail
corporation and a successful career as a real estate broker and consultant,
Dennis joined Trammell Crow in 1982 as Partner and President of Development
and Construction in Texas, then Southern California. In 1989, Dennis
left the Crow organization to pursue other aspects of the residential
business, including lot development and single family home construction,
before joining the Embrey team in 1995.
A native San Antonian, Dennis is a 1973 graduate of Southwest Texas
State University.
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W.
Jeff Booth
Senior Vice President, Development
Twenty-five years in the
real estate industry have created a seasoned leader in Jeff Booth.
He has spearheaded the development of award winning multi-family units
spread over thirteen states overcoming zoning and development barriers
in difficult markets such as Boston, South Florida, Washington DC,
and the West Coast. Over the years he has also been involved in the
development of a broad spectrum of other properties including high-rise
office, hotel, condominiums, retail and single family housing.
Jeff’s residential experience in development and acquisitions over
the last twenty years with notable firms such as Tishman Speyer, Lokey
Properties, The Midway Companies, Lawford Real Estate, and The Finger
Companies (representing over 7,000 luxury residential units) has honed
a unique skill set. These skills cover the spectrum of development
issues including market evaluation, site selection, land use fundamentals,
economic evaluation, project design and construction. Embrey is known
for delivering high quality luxury apartments to the marketplace,
and Jeff has been a significant contributor to this reputation since
joining Embrey in 1997. His broad knowledge base and team approach
to development have armed Jeff with the creativity he needs to coordinate
resources on complex developments.
Currently, Jeff serves on the Executive Committee of the San Antonio
Real Estate Council. He earned his degree in Building Construction
from the College of Architecture at Texas A & M University in 1981
and played quarterback for the Aggies under Coach Emory Bellard.
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Suzanne
White
Vice President, Development Her
experience as a junior development partner on several multi-family
projects, and her disciplined attention to detail has prepared Suzanne
White for the task of orchestrating Embrey's activities on the complicated
Quarry Village mixed-use project. Suzanne is responsible for coordinating
all predevelopment and entitlement activities for Quarry Village.
She works closely with senior partners in retail development, multi-family
development and construction to set priorities and accomplish the
myriad of tasks required to process this first of its kind project
in San Antonio through entitlement. In addition to her internal responsibilities,
Suzanne has primary responsibility for directing the activities of
consultants and communicating with city and county officials.
Suzanne is a native of San Antonio and earned a BBA in Marketing from
Texas A&M University. She joined Embrey in 1997 and is a member of
the Real Estate Council of San Antonio, the Downtown Alliance and
is a lifetime member of the San Antonio Livestock Exposition.
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