Eric Gray, CEO
Eric Gray co-founded Millhouse in 2003 as a vehicle to seek out underperforming real estate assets, development and conversion opportunities in highly desirable urban locations throughout New York City.
In 1996 Mr. Gray was hired as the first employee at Taconic Investment Partners LLC, now a national real estate owner and developer, based in New York City. He was dynamically involved in acquiring, financing, developing, recapitalizing, and asset managing over $2 billion in real estate transactions during his tenure. Major transactions included the acquisition and redevelopment of 111 8th Ave, now the NYC headquarters of Google; who subsequently acquired the asset in 2010 for ~$2 billion. During Mr. Gray’s employment period, Taconic grew from an asset management firm responsible for one 350,000 square foot New York City office building and two suburban multi-family properties into an owner/developer of more than 8.5 million square feet of commercial and residential properties nationwide.
Prior to Taconic, Mr. Gray worked at Time Equities, Inc., an International real estate owner and developer. Mr. Gray earned a BA from the University of Wisconsin – Madison and attended the Masters in the Real Estate Investment and Development program at New York University.
Joshua Sacks, President
Josh Sacks co-founder of Millhouse joined the firm full-time in 2006. At Millhouse Mr. Sacks is responsible for capital markets and new acquisitions to the Millhouse portfolio. This includes properties the company's advisory services for 3rd party owners. Services include financial feasibility studies, project management, asset management, and owner’s representative services.
Some Millhouse projects include the Carriage House at 159 West 24th Street, 86 University Place NYC, 601 Hudson St NYC, 41 Academy Street Amsterdam, NY, 227-231 4th Ave Brooklyn, NY, 288 Court Street Brooklyn, NY, 118-120 Hudson Street NYC and 160 Franklin Street NYC.
Prior to joining full-time Mr. Sacks worked as a Senior Loan Officer at Doral Bank, where he directed construction and asset lending and was responsible for the allocation and management of over $100 million in loans. Mr. Sacks also worked as a mortgage broker and analyst at Icap Realty and at Time Equities, Inc. and as an appraiser at KTR Newmark. Mr. Sacks was graduated from the University of Vermont, and Columbia University with a Masters in Real Estate Development.