Richard A. Gray, Jr. graduated with a BBA from Texas Tech University in 1970 and later accepted a position as a real estate broker with Hudson & Hudson Realtors, where he quickly became its number one salesman. In 1976, he became a partner of Hudson & Hudson Realtors and, in 1977, became President of the company. He was responsible for 16 salesmen with brokerage commissions of well over $5,000,000.00 per year. In 1980, he was nominated for the Stemmon’s Service Award for "The Most Outstanding Commercial Real Estate Broker" in the Dallas Metroplex. After both Alex and Jim Hudson passed way in 1985, the company was dissolved.
In 1985, Wiggins/Gray Interest was formed to develop retail and office properties in Dallas Fort Worth Metroplex, as well as office, industrial, land and retail brokerage. The development part of the business was dissolved in 1987 because of market conditions.
In 1987, he formed Gray & Co. Realtors, Inc. and the original focus was involved in the development, liquidation, the joint venture and management of commercial real estate and represented both U.S. and foreign investors. The Company has also been involved in raising venture capital for start-up and additional round funding for public companies in the technology sector.
In 2011, the Company became involved in acquiring real estate in the Willison basin in North Dakota, taking advantage of the oil shale play in the area. Since the end of 2011, the Company became involved in the salt water disposal (SWD) business in North Dakota, the Eagle Ford Shale in South Texas, as well as West Texas.
Mr. Gray has served as director of the Cystic Fibrosis Foundation, Migra Tech Corporation, Equitable Bank and Rumble On, Inc.