Dray will work with Greg Nelson and Gary Dahse to managecommercial real estate investments for high net-worth individualsand other private investors. "Moody Rambin is investing a bit morein 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 managementexperience. Most recently, he was vice president and partner in BIOLand Management, a Houston-based industrial services firm that helaunched in the late 1990s. The company focused on land maintenancefor corporations, state and federal agencies and individuals.

Dray tells GlobeSt.com that he sold out of BIO Land Managementto join Moody Rambin. In his new role, Dray will focus on acquiringassets ranging in value from $5 million to $30 million. "Sixty-fivepercent will be retail and the rest will be small office," hesays.