Ryan Gray

Ryan Gray
EVP – Investments
Carter Multifamily

Ryan Gray serves as Executive Vice President of Investments & Acquisitions at Carter Funds. In this role, Mr. Gray is responsible for the underwriting of all potential acquisitions and structuring investments to achieve targeted returns. He is also responsible for directing Capital Markets related activities for sourcing financing as well as third party equity when required to facilitate the acquisition process. Since joining Carter Funds, Mr. Gray has contributed to the growth of the platform by facilitating the acquisition and financing of $2B of multifamily assets.

Prior to joining Carter Funds, Mr. Gray most recently served as Senior Vice President of Capital Markets-Finance with Jones Lang LaSalle (“JLL”) working with the Multifamily Agency platform. Within the Capital Markets Platform, JLL services a debt portfolio of $18.15B and originates over $5B annually in Multifamily Agency Debt as a Fannie Mae DUS, Freddie Mac Seller/Servicer and FHA Map approved lender, annually. In this role, Mr. Gray was responsible for transaction review, structuring, pricing, as well as preparation of loan application packages, issuance of loan term sheets and transaction management from engagement to underwriting and closing. Since 2013, Mr. Gray executed over $5.5B of Agency Debt representing the financing of over 72,000 multifamily units.

Previously Mr. Gray served as Asset Manager with Grandbridge Real Estate Capital and was responsible for the daily servicing and asset management of multifamily loans originated under FHA programs 221(d)4, 223(a)7, 232(f). In addition, Mr. Gray oversaw BB&T Real Estate Funding’s $800M Bridge Loan Portfolio with responsibility for administering day to day loan advances associated with the development, rehabilitation and repositioning of Retail, Office, Multi-Family and Industrial Properties as well as oversight for monitoring credit risk for transactions and enforcing loan covenants. During his tenure Mr. Gray oversaw the funding and renovation of 6,065 multifamily units with a total capitalization in excess of $450M and average renovation cost per unit of over $22,000.

Mr. Gray has previously served as Managing Director of Office Leasing and Sales for Gramercy Capital Corp (formerly American Financial Realty Trust). As Managing Director, he was responsible for asset management as well as the development and execution of regional leasing and sales objectives. His focus encompassed over 253 assets containing 15.4 MM square feet situated in a 12 state region with major office towers in MSAs such as: St. Louis, Chicago, Charlotte, Asheville, Winston-Salem, Kansas City, Charleston, Atlanta, Jacksonville, Orlando and Miami. During his tenure at AFR, Mr. Gray successfully executed disposition transactions for over 2M square feet generating over $151M of sales revenue. He was supported by a team of four administrative personnel and over 70 third party brokers for which he was responsible for retaining and negotiating all terms of service contracts. This extensive network of independent brokers throughout the region contributed to the successful procurement of over 140 new lease transactions filling 337M square feet and generating over $4M in annual revenue.

Since 2002, Mr. Gray has structured and executed transactions in excess of $9.75 Billion. He received a Bachelor of Business Administration from Mississippi State University.