Hugh L. Caraway, Jr. and Irma Caraway formed Internacional Realty in 1993 to acquire, develop, and manage apartment communities for its own account. Shortly thereafter, Internacional Realty developed its first project, a 160-unit luxury community in San Antonio named La Calera. The original corporate office was nothing more than the upstairs loft of an apartment community’s clubhouse and consisted of Hugh, Irma and an accounting clerk. Together they applied decades of real estate knowledge and experience to build a successful, dynamic organization that has since grown exponentially and includes apartment communities in major metropolitan areas across the nation. The corporate office relocated to the scenic riverwalk area of downtown San Antonio in 1998. Internacional Realty evolved into a group of companies whose disciplines include acquisitions and development, management, and investment. The collaborative effort of the companies, all under the umbrella of Internacional Realty, creates a result greater than the sum of its parts. The principals of the Internacional Realty Group of Companies still approach the business the same way they did back in the infancy of the organization, with attention to details, hard work, and pride in a job well done. With a focus on Class A Projects, Internacional Realty Investors will consider acquisition opportunities through either single-asset or portfolio transactions. Preference is for newly constructed, well-built garden, mid-rise or high-rise communities with 100 or more units. Cap rates, IRR requirements and other financial considerations vary depending upon real estate and capital market conditions at the time of acquisition, the property type and location, and the perceived risk of the transaction.
Multifamily |
Equity syndication/Club Deal |
JV partnership |
Acquisition/Fee Simple |
Core |
Core+ |
Development |
Mr. Caraway is responsible for strategic planning and supervising the acquisition, financing, construction and development of multifamily apartment communities for the Internacional Realty Group of Companies. Prior to forming Internacional Realty in 1993, Mr. Caraway spent ten years as a Senior Partner with Property Company of America, a nationwide real estate development and management firm. Prior to that, he spent five years as a partner with Lincoln Property Company. He has been involved in the development, acquisition, and management of over 27,000 apartment units. Before entering the real estate business, he was a Certified Public Accountant in public accounting with Arthur Andersen
Mrs. Caraway is responsible for supervising all property management functions, as well as corporate office accounting and administrative functions. Prior to forming Internacional Realty in 1993, Mrs. Caraway spent ten years with Property Company of America where she rose from a District Property Manager to Director of Property Management responsible for multifamily units in Austin, San Antonio, Houston, Chicago, Detroit and Las Vegas. Prior to that, she was with Lincoln Property Company for four years. Mrs. Caraway started her career in property management in 1975 as a leasing agent. She has held positions in all levels of property management, affording her a unique understanding of a successful management operation from the ground up. She obtained a degree from San Antonio College and has also taken additional coursework at the University of Texas at San Antonio. Mrs. Caraway is bilingual in Spanish, has accredited Resident Manager Designation and is a licensed Real Estate Broker in six states.
As Chief Executive Officer, Mr. Arce is responsible for the strategic position of the Internacional organization and all of its affiliated businesses. His scope includes new business development, sourcing of acquisition and development opportunities, and he is extensively involved in the asset and property managementfunction fo the company. He is responsible for establishing strategic joint venture partnerships with institutional and private capital firms. In his career he has been involved in more than 30,000 apartment units. Mr. Arce began at Internacional as a Financial Analyst in 1998. In the early 2000’s the organization experienced significant growth through acquisitions. In 2003 he was promoted to lead operations and acquisitions for the Dallas-Fort Worth region as the organization decentralized to sustain its growth projections. He relocated to Dallas Fort Worth. In 2006 Mr. Arce returned to the San Antonio headquarters to head up all acquisitions for the organization. In 2010 he was named Co-Chief Operations Officer to assist with new business development for operations as well as the sourcing of acquisition opportunities. In 2014 Mr. Arce earned his position as acting Chief Executive Officer for Internacional. Prior to joining Internacional in 1998, he was with Marriott International as the City Sales Manager of the San Antonio. During his time at Marriott he was honored with the Marriott Corporate Special Achievement award and the Golden Circle Award. Mr. Arce graduated from the University of Texas at San Antonio in 1996 with a degree in Business Administration. He is also a member of National Multifamily Council. Mr. Arce is the proud husband and father to a family of six.
As Co-Chief Operating Officer, Ms. Laws oversees the day-to-day property and asset management operations as well as supervising the corporate office, investor relations, human resources and accounting staffs. She also has overall responsibility for the due diligence functions related to acquisitions, development, and dispositions of multi-family assets. In her career she has been involved in the development, acquisition, disposition and property or asset management of more than 22,000 apartment units. Additionally, Ms. Laws holds an ownership interest and leadership role in several other Internacional Realty companies focused on multi-family investment. Prior to joining Internacional Realty in 1998, she spent five years with GE Capital where she received the Excellence Circle award, Rookie of the Year award, and several Six Sigma Quality awards during her tenure. She also led a “boundaryless” team of GE professionals focused on improving university facilities. Ms. Laws received a Bachelor of Arts from Vanderbilt University in 1992. She then worked briefly in Bogota, Colombia as an English teacher and at a public relations firm as the main liaison to the South American division of Sony Electronics. She has also studied abroad at the Universidad Complutense in Madrid, Spain. She is a full private member of the Urban Land Institute and has completed coursework toward her Texas Real Estate Commission salesperson’s license. Ms. Laws is a member of Concordia Lutheran Church and is member of the STARS fundraising committee for TMI-The Episcopal School of Texas.