Ryan Gray 240x240

Ryan Gray
Senior Investment Officers
Carter Multifamily

Ryan joined Carter Multifamily in August of 2018 as Senior Vice President of Investments and is tasked with identifying acquisition opportunities. In this role Ryan is responsible for the underwriting of all potential acquisitions and structuring investments to achieve targeted returns. Ryan 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. Prior to joining Carter Multifamily, Ryan 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 $18.15Billion 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, Ryan 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, Ryan executed over $5.5B of Agency Debt representing the financing of over 72,000 multifamily units. Additionally, Ryan assisted with identifying sources of equity, investors, and non-conventional lenders to enhance JLL’s value to its clients.

Previously Ryan 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, Ryan oversaw BB&T Real Estate Funding’s $800MM 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 Ryan oversaw the funding and renovation of 6,065 multifamily units with a total capitalization in excess of $450MM and average renovation cost per unit of over $22,000.

Ryan has previously served as Managing Director of Office Leasing and Sales for Gramercy Capital Corp (formerly American Financial Realty Trust). As Managing Director, Ryan was responsible for asset management as well as the development and execution of regional leasing and sales objectives. Ryan’s 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, Ryan successfully executed disposition transactions for over 2MM square feet generating over $151MM of sales revenue. Ryan 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 $4MM in annual revenue.

Since 2002, Ryan has structured and executed transactions in excess of $6.75Billion.