A brief introduction to our talented JMI team members.
Joined John Moores in 1998 to lead a multi-billion dollar redevelopment effort in Downtown San Diego.
In 1994, co-founded HomeGate Hospitality Inc. (“HomeGate”), an extended stay hotel company, which he later took public and subsequently sold to Prime Hospitality for approximately $192 million, generating an 81.5% net IRR and a 2.8x investment multiple for HomeGate’s original investors.
Began career at Trammell Crow Realty Advisors, where he led the acquisition of numerous multi-family properties during the early 1990’s recession in the real estate industry.
Since joining JMI Realty in 1998, Mr. Clay has been directly responsible for the acquisition and development of projects with a combined cost in excess of $325mm and a realized or current value of over $625mm.
Prior to joining JMI Realty, Mr. Clay worked with Mr. Kratzer at HomeGate, serving as Director of Development, where he developed eight hotels with more than 1,300 rooms in the cities of Denver, Albuquerque, Phoenix and Las Vegas.
Began career at Wyndham Hotels & Resorts where he underwrote hotel acquisitions during the mid-1990’s hotel market recovery and was an integral part of the team that took Wyndham public.
Messrs. Kratzer and Clay have worked together for 23 years.