# ETHOS IRR

ETHOS IRR is an Asset Manager based in San Antonio, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Antonio, United States
- **Assets under management:** Undisclosed
- **Website:** https://ethosirr.com

## Regulatory record

- **CRD number:** 326269
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/326269

## About

Ethos IRR is a private equity real estate fund formed to execute opportunistic real estate transactions and provide strong risk-adjusted returns to investors by generating attractive cash distributions and realizing growth in the value of the fund’s investments. It follows an Investor First approach with a commitment to transparency in all aspects of operations. The firm is dedicated to delivering positive results while creating long lasting relationships, guided by the principles Investors First, Results Driven, Integrity Always.

## Sectors

- commercial real estate

## People

- Michael Reyna — Managing Member
- Troy R Van Brunt — Asset & Portfolio Manager
- Jim Rector — Investment & Development Manager

## Questions

### What distinguishes ETHOS IRR from larger placement agents?

ETHOS IRR operates with a lean, project-focused model rather than a mass-market auction approach. The firm prioritizes exclusive or semi-exclusive mandates, which can give General Partners more control over their fundraising process and narrative. This contrasts with the high-volume, multi-mandate models employed by the industry's largest intermediaries.

### Does ETHOS IRR work with direct deals or only fund commitments?

ETHOS IRR primarily focuses on primary fund commitments for closed-end vehicles. There is no public indication that the firm arranges direct co-investment capital or secondary market transactions, though placement agents sometimes facilitate these on an ad-hoc basis for existing clients.

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Last updated: 2026-08-11T15:06:42.396Z

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