Ethos IRR:
Pioneering Real Estate Excellence with Integrity.
Where Your Future is Our Focus, Integrity Drives Results, and Returns Matter.
An Unwavering Commitment to Real Estate Excellence
Ethos IRR was created with a distinct purpose: to strategically carry out opportunistic real estate investments, aiming to deliver robust risk-adjusted returns to investors through the generation of appealing cash distributions and the actualization of growth in the fund’s investment value.
With an unwavering commitment to an “Investor First” approach and a dedication to transparency across all operational facets, Ethos IRR is steadfast in its mission to yield positive results while fostering enduring relationships.
We are dedicated to delivering positive results while creating long-lasting relationships.
A compelling opportunity for our investors
Investing with Ethos IRR presents a compelling opportunity for our investors. Ethos IRR is specifically designed to execute opportunistic investments, with a clear objective of delivering robust risk-adjusted returns. Our founders have a proven historical background of generating positive returns for investors, while instilling confidence in our ability to achieve results. Our commitment to an “Investors First” approach underscores our dedication to prioritizing the interests of our investors.
Monetary Alignment
Ethos IRR’s team is committed to
the success of the fund and is investing capital alongside our investors. Our goal is to continue with our core investors with multiple opportunities in the future.
the success of the fund and is investing capital alongside our investors. Our goal is to continue with our core investors with multiple opportunities in the future.
Qualified Deal Sourcing
Ethos IRR has a vast network of relationships with lenders, sponsors, brokers, and developers in Texas that provides exclusive opportunities for our investors.
Diverse Portfolio
The Fund is designed to give
investors access to diversified holdings of commercial real estate investments that can enhance the overall performance of their investment portfolio.
investors access to diversified holdings of commercial real estate investments that can enhance the overall performance of their investment portfolio.
Dynamic Management
A team with synergistic
capabilities and experiences in all facets of real estate risk underwriting, professional management, development, asset management and disposition of portfolios.
capabilities and experiences in all facets of real estate risk underwriting, professional management, development, asset management and disposition of portfolios.
Lengthy Track Record
With over 75 years of real estate experience, the team’s diverse skill sets in development, risk management, finance, and asset management help to achieve strategic, operational and financial objectives in our investments.
Full Transparency
Ethos IRR is committed to full transparency from investment selection to financial reporting. Investors are provided with professional reporting and financial statements that can be accessed at any time through our investor portal.
Generating positive results that stand the test of time
Check out Ethos IRR’s first podcast. We sit down and talk to the team and get an introduction into what Ethos IRR is all about and what we do.
In our follow-up episode, the team discusses everyone’s role along with the topics of integrity, transparency, and how information is received by an investor.
In this episode, we sit down with Brent Conlin (Managing Partner of Espada Real Estate) to discuss the role of a Developer, the components of a great deal, and financial challenges of development.
Brent Conlin of Espada Real Estate returns to walk through how capital stacks work, along with personal stories from his years in development.
Tray Rankin, President & CEO of Sage Capital Bank, sits down with the team to discuss the banker’s role in real estate development and finance.
In part 2, Tray Rankin continues the conversation on how lenders evaluate and finance real estate development.
Latest From Ethos IRR
Ethos IRR is a San Antonio private equity real estate firm focused on opportunistic commercial real estate across Texas.
— Ethos IRR (@ethosirrx) November 14, 2026
Investors First. Results Driven. Integrity Always.
Follow for Texas CRE market perspective, investment education, and firm news.
San Antonio’s industrial market showed positive momentum in Q3 2026.
— Ethos IRR (@ethosirrx) November 14, 2026
The latest CBRE research highlights why understanding leasing activity, vacancy, and market fundamentals matters in commercial real estate.
#EthosIRR #SanAntonio #TexasCRE
What builds long-term value in real estate?
— Ethos IRR (@ethosirrx) November 15, 2026
Ethos IRR Managing Member Mike Reyna points to experience, accountability, and disciplined leadership.
ethosirr.com #TheEthosTake #TexasCRE
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Guided by the principles of 'Investors First, Results Driven, Integrity Always,' we are committed to executing opportunistic real estate transactions that deliver strong risk-adjusted returns. Our focus is on providing attractive cash distributions and realizing growth in the value of our investments, ensuring a 'return of equity' followed by a 'return on equity' for our investors. With over 75 years of industry expertise, our team stands dedicated to transparent communication, up-to-date reporting, and the highest standards of personal integrity.
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