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Espada Capital Management is the investment management affiliate of Espada Real Estate.  Investors may login to the investor portal below or contact us for login credentials.




Brent Conlin, Managing Partner

Brent is a commercial real estate developer and private equity investor with 25+ years in professional real estate experience predominantly in San Antonio and South Texas. As a Managing Partner of Espada, he will oversee acquisition and development activities. He has served as Managing Partner of Espada Real Estate (formerly Reata Assets, Investments & Development) since its inception in 2012, after more than a decade of corporate real estate development and investment experience at the Trammell Crow Company.  In his role at Espada he has managed the company’s acquisition and development activities resulting in more than $130 million in privately held assets. Brent has a BBA and a MS in Land & Real Estate Development from Texas A&M University. He serves on the ULI San Antonio Advisory Council and is an active member in the San Antonio Real Estate Council and ICSC.

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Matt Murphy, Managing Partner

Matt is a private equity investor, operator, and advisor. Matt’s experience includes hands on operational leadership in community banks and information technology, as well as co-founding a Texas private equity fund. Matt oversees the day-to-day operations and administration of the Fund. Prior to his private equity and entrepreneurial career, Matt worked as a management consultant at McKinsey and Company and Accenture. Matt earned a BA from Abilene Christian University and an MBA from the Wharton School of the University of Pennsylvania.

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John Wright, Partner

John is a commercial real estate developer, investor and broker.  After nearly 10 years as a commercial broker focused on the representation of retail tenants and landlords at Trammell Crow Company and CBRE, John joined Reata Real Estate’s development and investment team where he was responsible for identifying opportunities, sourcing debt and equity and overseeing the execution of projects.  At Espada, John is focused on building a portfolio of real estate assets that produce superior risk- adjusted returns. John has a BA from Wake Forest University and an MBA from The Owen Graduate School of Management at Vanderbilt University.

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Michael Jersin, Partner

Michael is a commercial real estate developer, investor, broker, and equity investor in operating businesses. Prior to joining CBRE, Michael held leadership roles as CEO at Reata Real Estate (acquired by CBRE) and President of United Commercial Realty – San Antonio. With 30 years of experience in the commercial real estate industry, Michael has led many successful real estate developments, redevelopments and repositioning of commercial assets. His current role with Espada Real Estate is the co- management of the Espada owned assets and the pursuit of commercial real estate opportunities. At CBRE, Michael will continue to serve his clients in the greater San Antonio and suburbs of San Antonio market. Michael has a Bachelor of Business Administration from the University of Texas at San Antonio and a Master of Science from Trinity University.


Don Thomas, Partner

Don is a commercial real estate broker, developer, manager and equity investor in properties, restaurants and other operating businesses. Prior to co-founding Espada Real Estate and joining CBRE in 2019, Don co-founded Reata Real Estate Services in 2001. Prior to Reata, Don was a Partner/ Principal for The Trammell Crow Company for thirteen years. Don’s responsibilities include leasing, property management, development, acquisition and disposition. Don’s commercial real estate activity spans San Antonio, Austin, Dallas/ Fort Worth and Tulsa, OK. Don earned a BBA from Texas Christian University and currently serves on multiple nonprofit boards.

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Thomas Tyng, Partner

Thomas is a commercial real estate broker and investor with 30+ years of experience in tenant representation, project leasing and investment sales. Prior to co-founding Reata Real Estate Services in 2001, Thomas worked for three years at The Woodmont Companies in Fort Worth and for nine years at Trammell Crow Company in San Antonio. After the sale of Reata Real Estate Services to CBRE, Thomas and his Espada partners formed Espada Real Estate where his responsibilities include acquisitions, leasing oversight and assisting in asset management. At CBRE, Thomas will continue to serve clients in San Antonio, Austin, Laredo, Corpus Christi and the Rio Grande Valley. Thomas received his BBA from Texas Christian University.

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Cameron Powell, MD, Partner

Cameron is a physician, serial entrepreneur, and private equity investor.  His family has an extensive, multi-generational real estate development history in Texas.  At Espada, Cameron leads investor relations and sourcing investment opportunities for the Fund. Cameron has co-founded and invested in several tech enabled companies in multiple vertical markets such as healthcare, oil & gas, social media, video streaming, AI, big data, video / photo editing and manufacturing. Cameron has a BA from Brown University and an MD from the University of Texas Medical Branch.

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1160 E. Commerce Street, Suite 200

San Antonio, TX  78205


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