Kevin D. Gray, FRICS, is Lecturer in the Practice of Real Estate at Yale University and principal of Kevin D Gray Consulting (USA), a real estate advisory firm.  He is also co-founder of Stone Road Capital LLC, an advisory firm based in Dhaka, Bangladesh to raise capital for real estate and infrastructure projects in Asia.  He received his M. Arch from the University of Pennsylvania and his MBA from the Yale School of Management. Mr. Gray is a former managing director of real estate investment banking for PricewaterhouseCoopers Securities, and the editor, with John R. White, of Shopping Centers and Other Retail Properties as well as a licensed real estate appraiser and broker, and a registered architect. Recent publications include: “The Marine Etablissement: New Terrain for Central Amsterdam” (Yale 2016), with Isaac Kalisvaart published by the Yale Bass Studio Fund.  Mr. Gray is a Fellow of the Royal Institute of Chartered Surveyors, and a member of the International Council of Shopping Centers. Mr. Gray is on the faculty at both the Yale School of Management and the Yale School of Architecture where he teaches courses on real estate finance and investment, international real estate and the history of real estate patronage and ownership.