Dray will work with Greg Nelson and Gary Dahse to manage commercial real estate investments for high net-worth individuals and other private investors. "Moody Rambin is investing a bit more in it investment services," Dray says. "With their current people, they just couldn't keep up with the work."
Dray has more than 16 years of investment banking and management experience. Most recently, he was vice president and partner in BIO Land Management, a Houston-based industrial services firm that he launched in the late 1990s. The company focused on land maintenance for corporations, state and federal agencies and individuals.
Dray tells GlobeSt.com that he sold out of BIO Land Management to join Moody Rambin. In his new role, Dray will focus on acquiring assets ranging in value from $5 million to $30 million. "Sixty-five percent will be retail and the rest will be small office," he says.
Currently, the Moody Rambin investment services team has a $60-million retail center in North Texas under contract for a client and an $80-million office project in the Carolinas under contract for another client. "We're in the middle of eight projects," Dray says.
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