Land Resource Advisors, LLC
About Us

Hal Grayson, CCIM is President and Owner of Land Resource Advisors, LLC and Grayson Properties, Inc. and has 27 years of commercial real estate experience including , management, consulting, development and institutional. This multi disciplined background includes land, retail, multifamily, hotels, office and industrial with sales and development totaling over $1 billion.

Grayson formed Grayson Properties in 2001 and specializes in Land Brokerage and Development, Apartment Development, and Special Assets. Grayson Properties also provides Property Management and Asset Management Services.

Grayson has provided acquisition and fee development for over 15 multifamily apartment complexes including 9 student housing projects. Grayson has structured and participated in numerous private equity offerings for land and investment properties.

Prior to starting Grayson Properties, Grayson was the Regional Partner for RealtiCorp Investment Fund where he ran the Atlanta office for six years. Grayson acquired, developed and sold over $80 million of land with RealtiCorp where his responsibilities included identifying acquisition property, investment committee submittals, coordinating contracts, due diligence, design and permitting, entitlements, development, acquisition and dispositions and reporting to investors. Projects by Grayson in Atlanta include Brookside, a 207 acre mixed use development in Alpharetta, Satellite Place, a 40 acre automotive and retail development near Gwinnett Mall, Interstate West Business Park, a 110 acre industrial and retail development in Douglasville.

Before moving to Atlanta in 1992, Grayson was a commercial broker and development consultant with First Charleston Associates in Charleston, SC, for nine years where he specialized in retail, multifamily, condos and medical office leasing, management and development. In Atlanta, Grayson leased and developed medical buildings with the Richmond Development Group. Sensing an opportunity apartment development, Grayson then opened the Atlanta office for Estates, Inc., an apartment development company based in Columbia SC. While at Estates, Grayson developed 745 apartment units in Georgia, South Carolina and Florida (including Estates at Phipps in Atlanta) with a value totaling over $100 million. In addition to apartments, Grayson has brokered, developed or renovated over 400 residential condo units and 200 hotel/condos. In 2002, Grayson formed Land Resource Advisors, LLC which focuses on Timber Land and other specialized opportunities.

In 1990, Grayson earned the prestigious CCIM designation (Certified Commercial Investment Member). Grayson received a BS in Business from the College of Charleston, he is a member of the Atlanta Commercial Board of Realtors, Commercial Investment Real Estate Institute (CIREA), and a veteran of many ICSC conventions (International Council of Shopping Centers). Grayson recently served for four years on the Board of Directors and as VP of Parks for the Peachtree Heights East Neighborhood Association in the city of Atlanta. He is married and has two children. Hal Grayson is an Eagle Scout and supports the Boy Scouts of America. Current activities include golf, bicycling and running.


Wayne Godfrey, Advisory Board Member and Investor with over 30 years of commercial real estate experience on a national, regional and local basis, Godfrey has a diverse background in negotiating financial terms for various types of real estate transactions, as well as management of real estate assets; increasing value through creative management, with the ultimate goal of future development and disposition.

After graduating from Berry College in 1971, Godfrey began his career as a construction lender for a local bank, making acquisition and development loans.  In 1974, Godfrey joined Great American Mortgage Investors as Vice President in charge of real estate turnaround and crisis management for assets owned and managed by Great American Mortgage Investors, at that time, the third largest real estate investment trust in the country.  Godfrey formulated and implemented an asset exchange program that allowed the company to reduce its debt by more than 200 million dollars and substantially reduce the number of secured creditors.

 

Notable Transactions

 

Liquidation of the Caugus Savings and Loan of Puerto Rico: RTC contract to manage and liquidate all real estate holdings in North America and Puerto Rico ($125,000,000).

Liquidation, for Great American: multi-location hotel operating company with assets of $100 Million.

Liquidation, for Great American: retail shopping center portfolio in excess of $225 Million.

Liquidation, for Great American: multi-family portfolio $175,000,000.

Managing Member, for Louisiana Teachers & State Employees Retirement Fund: a 12,000 acre gas and oil exploration field, with revenues of $30 Million over a 6 year period.

 

 

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