About - History - Jerry Goray
Jerry has been actively involved in the real estate development business for over twenty-five years. He began his career in 1966 as a real estate attorney in Michigan representing several large banks with the respect to their real estate and financing matters. He then served as the chief Michigan counsel to the U.S. Department of Housing and Urban Development with legal responsibility for HUD Housing Programs. In 1973 Jerry began developing in Detroit, Mi. for his own account.
As principal shareholder and President, Jerry incorporated Goray Development Co. in 1974 to provide real estate development and management services in connection with his various projects. Since then, Goray Development Co., Gerald A. Goray and affiliates have been involved in the development of thousands of residential housing units, including leading edge “Energy Efficient and Environment Friendly” communities. Jerry has also developed as a principal well over a million square feet of commercial space in Florida, Michigan and New England; including 12 premier self-storage projects and 5 luxury assisted living facilities. The various projects developed by Jerry have been highly successful combining award-winning designs with excellent economic results. In particular, his developments have been very cost-profit effective and at the same time architecturally superior, consumer responsive and with a positive impact on the local community.
Such developments include: (i) award winning home communities like the Aviary in W. Palm Beach, Fl, (ii) affordable apartment complexes including Cocoa Lakes Apts. in Cocoa, Fl, iii) rehabilitated vintage structures (converted into modernized senior citizen housing facilities), for example, Field Apts., Detroit, Mi, (iv) luxury apartment communities with state-of-the-art amenities, for example, Cypress Shores Apts. in Coconut Creek, Fl, (v) multi-family construction utilizing advanced steel form and poured concrete structural systems, i.e., Island Shores Apts. in W. Palm Beach, Fl (vi) The Country Club of Arkansas, a residential golf course community, (vii) assisted living facilities in Vermont, New Hampshire and Tequesta Terrace in Tequesta, Fl and “Energy Efficient and Environment Friendly” mixed-use developments such as Green Cay Village in Palm Beach County, FL. Jerry’s personal involvement in these developments includes personal investment capital, land acquisition, site and product planning, governmental approvals, financial structuring, construction, marketing, and property management.
Jerry holds a business degree Magna Cum Laude from the University of Detroit and a Juris Doctor degree from the University of Michigan. He has also published articles and lectured on real estate and financial matters and has been very active in community affairs as a Michigan Builder’s Association board member, a Michigan bank Board Director and has led several Michigan and Florida community organizations as President.
In addition to his many business ventures, Jerry is committed to providing affordable housing to both the farm worker and low income populations of Palm Beach County. As President of In the Pines, a nonprofit housing organization in Delray Beach, he was instrumental in negotiating with developers and contractors to secure necessary funding and licenses for the reconstruction projects building affordable housing. When the 25 year-old organization was in danger of closing, Jerry stepped up as its volunteer President and has helped In the Pines become a model for nonprofit property management. He has slowly brought In The Pines from a small nonprofit running on a shoestring budget to a stellar example of affordable housing in keeping with his commitment to helping the poorest among us improve their lives.