Kevin D. Gray, FRICS, received his MArch from the University of Pennsylvania and his MBA from the Yale School of Management. Mr. Gray is a former managing director of real estate investment banking for PricewaterhouseCoopers Securities, and the editor, with John R. White, of Shopping Centers and Other Retail Properties as well as a licensed real estate appraiser and broker, and a registered architect. Mr. Gray is a Fellow of the Royal College of Chartered Surveyors, and a member of the International Council of Shopping Centers. Mr. Gray is lecturer in real estate at the Yale School of Management and the Yale School of Architecture.