Prior to joining TerraCap as a Managing Partner, Mr. Gray spent 24 years in commercial real estate with Cantor Fitzgerald, Morgan Stanley, JP Morgan and Citicorp. Mr. Gray invested in TerraCap I, and subsequently decided to join our team to provide us with institutional real estate experience. Prior to joining TerraCap, Mr. Gray was with Cantor Fitzgerald & Co in the role of Senior Managing Director and Global Head of Merchant Banking. His role encompassed establishing, capitalizing and acquiring commercial real estate investing and operating companies globally.
Prior to joining Cantor Fitzgerald, Mr. Gray was a Managing Director at Morgan Stanley Real Estate Investing, a $60 billion real estate investment business. As the head of real estate capital markets for the real estate private equity investing business for the Americas, Mr. Gray ran a team responsible for sourcing and executing the capital structure for substantially all real estate investments in the United States, Canada, Mexico and Brazil. Mr. Gray also was responsible as Chief Investment Officer for the Morgan Stanley Mezzanine Partners Fund, a $1.5 billion global debt fund raised in the autumn of 2007. Previously, Mr. Gray served from 2002 to 2007 in the capacity of head of Real Estate Capital Markets for real estate investing throughout Europe. Mr. Gray was a voting member of the investment committee which required unanimous consent for investment approval.
Prior to joining Morgan Stanley, Mr. Gray worked for seven years at JP Morgan. He helped develop JP Morgans Commercial Real Estate Lending and Securitization Program in the United States, and eventually Tokyo and London. Mr. Gray was a voting member of the Global Credit and Capital Allocation Committee, and his vote was required for substantially all investment decisions. Mr. Gray had personal signature authority of $150 million.
Mr. Gray graduated from Columbia Business School with an MBA in finance and from Lehigh University with a Bachelor of Science in engineering.