TRANSFORMING VISION INTO VALUE. THAT’S THE EMBREY WAY.

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More important than any site location, building plan or resulting profit margin is our dedication to consistently do what’s right. Every decision is based on this simple, company-wide core value that investors, buyers, property owners and even tenants have come to expect. For over 35 years, our ability to develop relationships on a foundation of integrity and honesty has proven to be the most critical component in every single success story. We find that transparency nurtures collaborative problem solving and keeps everyone on the same page and on the same team. Our senior leadership in development, construction and property management stay heavily involved from start to finish because they’re not only partners in the company, they’re stakeholders with a vested interest in

the success of every project. This kind of loyalty, integrity and teamwork fosters creativity. We pride ourselves on incorporating creative thinking into design and construction so our developments are desirable to tenants, inside and out. The result? We’ve produced some of the highest rental values in the markets in which we develop and have established a reputation for excellence in style and craftsmanship. Our pattern of success in multifamily and commercial development is not based on a coincidental alignment of these factors, but on a purposefully fine-tuned process that integrates communication, integrity, strategy, creativity, excellence, valuable partnerships and strong relationships. This is the Embrey recipe for success.

Every Embrey venture is created with one strict development code.

Integrity.

Embrey Partners, Ltd.: Specializes in multifamily and commercial development throughout the country for direct investors and third parties.

Embrey Management Services, LLC: Provides experience in both lease ups and stabilized operations and delivers a unique combination of skills designed to maximize value for both internal and third party relationships.

Embrey Builders, LLC: Builds all Embrey properties.

Embrey Contractors, LLC: Builds for third parties.

“ I founded Embrey on the philosophy of always doing the right thing. It is the common thread that weaves throughout this company. It’s part of every employee, every process and every finished project. It makes us better developers, better builders and better managers.” — Walter Embrey, Jr.

THE EMBREY WAY

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enthusiasm for the real estate development business is ingrained in the company’s DNA and always will be. So it’s no surprise that his son Trey returned to Embrey after several years leading his own successful real estate investment and development company — an experience that gave him valuable insight into ownership and leadership. From development to construction to property management, the Embrey Partners culture is unique, and decades in the making. It’s “the Embrey influence” — the conservative process of measuring risk to balance all aspects of the business — which will enable this respected development organization to flourish for decades to come.

“ At Embrey we want to do everything right. We’ve learned that the only way to do things right is to truly understand what you are dealing with, whether it’s your competition, your market, development trends or construction processes. Understanding is the key to success.” — Trey Embrey

In 1974, Walter Embrey, Jr. launched Embrey Partners during one of the worst recessions in the industry. So how has the company managed a continual steady rise? By building a core of dedicated development partners that share in the same secret to success — always doing the right thing no matter what and operating with the utmost integrity. That’s still the cornerstone of the Embrey brand. Embrey Partners has been a respected industry player for several decades with a reputation for attracting strong leaders to its collaborative team. In fact, many of Embrey’s top management team offer long-standing tenures with the company and have been part of its ongoing success. Walter Embrey, Jr.’s

Embrey’s successful past is backed by strong leadership.

So is its future.

REDEFINING “SOLID FOUNDATION”

First multifamily project developed in San Antonio

1978

First commercial project developed

1977

First commercial project developed outside of Texas

1986

Meridian is nominated for NAHB Pillars of the Industry Award

1997

Founding of Embrey

1974

Opening of 50th multifamily project

The next generation of the Embrey family begins with the entries of Trey and Lisa to the industry

1989

First multifamily project developed outside of Texas

1985

Walter Embrey, Jr. becomes founding member of the Real Estate Council of San Antonio

1991

Embrey Management Services created

Opening of 75th multifamily project

2000

Completed over 4 million square feet of commercial projects

2001

Ranked one of the Top 50 Privately Held Companies by San Antonio Business Journal

2002

Walter Embrey, Jr. wins the prestigious Barshop Award

2003

Opening of 100th multifamily project

First mixed-use development in San Antonio – Quarry Village

2007

Quarry Village finalist for NAHB Pillars of the Industry Award

2010 2012

Trey Embrey isnamed President and Walter Embrey, Jr. transitioned to CEO

2011

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SPECIALIZING IN MULTIFAMILY AND COMMERCIAL SUCCESS STORIES.

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The Embrey development team could be described with one word. Vision. For over three decades, our partners have displayed the ability to “see” the value in locations others may have dismissed as challenging. Embrey Development’s success begins with this insightful site selection but certainly does not stop there. Research is conducted to analyze the surrounding market and determine the type of development that will create the best possible outcome for all parties involved including investors, partners, tenants, the community and buyers. Our ability to make the most of natural and man-made features is a hallmark of every Embrey project. Understanding the local area and what is physically possible with the land allows us to maximize creativity in the design phase with confidence. In fact, many third party developers draw on our experience for assistance in evaluating their own development and

property management opportunities. On the outside, Embrey creates aesthetically pleasing designs that stand out from the crowd with a subtle air of sophistication and class — often raising surrounding property values. On the inside, Embrey properties are designed for the ultimate living experience, considering important, behind-the-wall features that cannot be seen. This attention to design has allowed Embrey to create units that consistently attract and retain tenants while maximizing rental rates. The development team works closely with the construction and property management teams to improve the efficiency of the plans from the beginning, yet still provides that ideal living experience. Our seasoned Embrey development partners understand the importance of balancing function and creativity, and maintaining quality throughout the entire process. It’s why our investors come back.

We choose to set higher standards.Instead of meeting existing ones.

of multifamily and commercial square feet developed40,000,000

of successful development projects35+ YEARS

DEVELOPMENT CONSTRUCTION MANAGEMENT

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In true Embrey fashion, the construction team’s involvement begins during the development process, to collaborate on plans and site challenges. Embrey’s construction operation is dedicated to quality. Its meticulous construction processes with established subcontractors eliminate the unexpected during the construction phase. To ensure that projects achieve maximum value, Embrey’s construction team works extensively with subcontractors to develop and qualify their bids on every project. Bids typically reflect the value placed on our long-standing working relationships, our integrity and the desire to build for Embrey. This built-in value is passed on to our investors. But it doesn’t stop there. This attention to detail is what truly sets us apart and allows us to maintain a consistent, cost-efficient procurement of labor and materials

with minimal surprises down the road. Once the bid analysis is complete and we have secured contracts, we manage the building process. We place a strong emphasis on the management of plans, schedules and budgets. As our reputation for quality craftsmanship and comprehensive knowledge of the multifamily and commercial development building processes has grown, we have received inquiries from other developers and owners wanting to engage our construction talent. Embrey Contractors was created as a company dedicated to bringing the same Embrey value to third party development projects. You’ll find the same strong relationships and clear communication with consultants and subcontractors throughout the building phase, which is a hallmark of our construction process.

Every Embrey developmentis built with onestandard feature.

Value.

RELATIONSHIPS + EXPERTISE X 35 PLUS YEARS = VALUE

DEVELOPMENT CONSTRUCTION MANAGEMENT

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Perhaps the most valuable assets we have are our courteous, warm and professional onsite property management teams. They are truly the “face of Embrey” and provide such impressive service that many property buyers continue to contract with Embrey Management Services, LLC after the purchase. Behind our friendly frontline professionals is a seasoned powerhouse of property management knowledge. We gather and generate in-depth market information which gives us the ability to monitor our effectiveness, respond to market changes and track our results. We strategically position and proactively manage each property to enhance rental rates, which supports our impressive record of enhanced property values. Our diverse experience in the marketplace makes us

an established leader in the property management of contemporary and luxury multifamily apartment communities. The Embrey property management teams truly understand the intricacies involved with proactive marketing and its impact on leasing. Our system uses proven methodology, years of experience and streamlined processes to provide annual operating plans, budgeting and financial planning reports. Tenured accountants prepare customized, comprehensive information for each property. Every community maintained by Embrey Management Services, whether developed by Embrey or managed for a third party client, follows the Embrey tradition — “honesty and integrity in everything we do.”

The Embrey Property Management formula: Part golden rule. Part professional powerhouse.

The strength of Embrey Management Services lies in its ability to manage the expectations of both investors and residents.Embrey’s property management professionals embrace the entrepreneurial spirit of the broader Embrey organization,

which enables it to drive local market values instead of following them.

Market Knowledge

ManagementExperience

MarketingStrategies

ManagementMethodology

Tracking, Reporting& Accounting

Professional & Friendly Service

DEVELOPMENT CONSTRUCTION MANAGEMENT

Artessa at Quarry Village, San Antonio, Texas

Embrey’s multifamily and commercial development

project experience spans the country.

Inverness, Denver, Colorado

West End at City Center, Lenexa, Kansas

The Residences at FortyTwo25, Phoenix, Arizona

PARTNERING WITH EMBREYMARKET

COVERAGEThe expertise and professionalism within our three distinct areas are also utilized by third party developers and property owners.

Third Party ConstructionProjects

We know how to build with quality and craftsmanship while keeping an eye on budget and schedule. We bring outstanding value to every building project, whether it’s for Embrey — or for you.

Third Party ManagementServices

Our combination of experienced, results oriented leadership and professionally trained frontline staff can keep any property on track. That’s why third parties contract with Embrey Management Services.

Third Party Development Projects

Vision. Design. Process. Success. The Embrey development team has gained a reputation for its ability to orchestrate well-conceived and successful projects. Third parties tap into our experienced team of developers to help them realize their business objectives.

Embrey Development

Embrey Construction

Embrey Management

Services

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BUILDING UPON OUR LEGACY OF EXCELLENCE AND QUALITY,

EMBREY PARTNERS, LTD. USES THE PRINCIPLES OF GREAT DESIGN

TO BUILD THE BEST MULTIFAMILY COMMUNITIES

AND MANAGE THOSE COMMUNITIES TO MAXIMIZE VALUE

FOR OUR RESIDENTS AND OUR STAKEHOLDERS.

Our Mission

Embrey Partners, Ltd.1020 N.E. Loop 410, Suite 700San Antonio, Texas 78209Phone: 210.824.6044Fax: 210.824.7656

Embrey Management Services, LLCPhone: 210.826.3675Fax: 210.826.3661

www.EmbreyDC.com