Jeff Dauray joined RLJ Development as a senior team member in February 2009 as Vice President of Acquisitions. He rapidly established himself with the team after having sourced and negotiated over $500 Million of compliant investments for RLJ Real Estate Fund III during a constrained market cycle. RLJ Real Estate Fund III became a fully-invested $1.2 Billion private equity fund that was included in the May 2011 roll-up and IPO of RLJ Lodging Trust (NYSE:"RLJ").
Jeff is currently responsible for sourcing and negotiating acquisitions for RLJ and works in close coordination with and under the direction of Ross Bierkan, RLJ's President and Chief Executive Officer. Jeff and Ross target investments in individual hotels, strategic asset portfolios, whole loans, joint ventures and entity level transactions.
A 26-year veteran of institutional investment real estate, Mr. Dauray's career is comprised of senior positions in RE private equity investment, hospitality sector brokerage, RE investment banking, and REO asset management. Since 1985 Jeff's individual real estate transaction volume exceeds US $6 Billion.
Prior to joining RLJ, Jeff covered the hospitality sector for CBRE's Investment Properties Institutional Group in New York, CBRE's top-producing investment sales team worldwide. From 1996 to 2000, Jeff was one of 3 principals directing investments for a $300 Million real estate opportunity fund sponsored by Bank of America's holding company. Beginning in 1990 and throughout the S&L crisis, Jeff was an asset manager and dispositions officer for NationsBank and subsequently Bank of America, where the team he ultimately directed in 1996 was responsible for the management and sale of non-performing Real Estate assets exceeding $3 Billion.
Mr. Dauray received his Bachelor of Science degree from Vanderbilt University. He is a member of the ULI, The New York Hospitality Council, The Capital Lodging Forum, and a voting member of the Commercial Real Estate Finance Council (CREFC) (formerly known as the Commercial Mortgage Securities Association).