Our Team

The Principals of Graycliff Capital Partners bring tens of billions of dollars of combined real estate experience in capital markets, property management and construction to every single investment.

Our Principals

Paul Aiesi

Asset Management and Development

Paul Aiesi

Paul Aiesi

Asset Management and Development

Paul Aiesi has played an active role in every investment program that has been sponsored by Graycliff Capital since its founding. Paul works closely with the other members of the Graycliff team on Development, Acquisitions, Dispositions, and Asset Management.  During his tenure with the firm, Paul has played a key role in expanding into real estate development and also development of senior housing facilities to further diversify Graycliff’s established acquisition investment programs. Graycliff has successfully completed development projects utilizing traditional bank financing as well as HUD insured products, giving flexibility in finding the most attractive investment financing options.

Prior to joining Graycliff, Paul was the Chief Investment Officer for a national real estate syndication firm, where he was directly responsible for approximately $800 million in transaction volume.  He also was active in establishing that firm’s asset management platform and worked on numerous development projects.

An avid aviation enthusiast, Paul regularly flies both light airplanes and maintains qualifications as a professional pilot flying a Boeing 767 and 757 several days each month for a major international airline.

Paul graduated magna cum laude from Furman University in 1998 where he served as President of the Student Body and was a member of the Phi Beta Kappa honor society.

Andy Reiken

Capital Markets and Acquisitions

Andy Reiken

Andy Reiken

Capital Markets and Acquisitions

Andy Reiken has 30+ years of experience in structured real estate finance and strategic real estate investing.  Andy actively utilizes his comprehensive  industry relationships to originate direct investment opportunities and provide structuring expertise, financing experience and price structuring for all investments. Prior to co-founding Graycliff, Andy was at LaSalle Bank, where he was the head of large loan pricing and execution in addition to being in change of commercial mortgage distribution. Andy also spent over eight years at Goldman Sachs before joining LaSalle, where worked on all aspects of real estate lending and ultimately was the global head of commercial mortgage distribution.

Andy is a graduate of Union College and holds a Master of Science in Real Estate Valuation from New York University and a Master of Business Administration in Finance from Michigan State University.

Don Spalding

Capital Markets and Asset Management

Don Spalding

Don Spalding

Capital Markets and Asset Management

Don Spalding formed Graycliff Capital with Andrew Reiken in 2009. He has 35 years of experience in debt and equity origination and structuring. Don is active in overseeing the asset management process and is a voting member of the Investment Committee.

Prior to co-founding Graycliff Capital, Don was the Head of Production for North America for LaSalle Bank/ABN AMRO, where he was responsible for the origination, structuring and closing of real estate investments. Under his leadership, loan volume increased from $400 million in 2002 to over $12 billion in 2007, and revenues increased from $10 million to over $150 million. Before joining LaSalle, Don worked for GE Capital and PNC Bank in various capacities.

Don earned his Bachelor’s degree from Syracuse University’s School of Management. He also holds a Master’s in Public Management from Carnegie Mellon University, where he graduated Summa Cum Laude.

Taylor Davis

Property Management and Development

Taylor Davis

Taylor Davis

Property Management and Development

Taylor Davis has over 25 years’ experience in multi-family property management and development. He’s also the President of NHE, Inc., the property management firm that directly manages many of Graycliff’s investments. NHE has more than 45 years of expertise in real estate and over 35 years in the management of multi-family communities. It is a full-service real estate company that delivers property management, accounting, regulatory reporting, maintenance, leasing, and marketing to its portfolio.

NHE has extensive experience in apartment sectors including Market Rate Multi-family, Section 8 Multifamily, HUD Section 202 (Elderly), HUD Section 811 CMI, HUD Section 811/202 (Developmentally Disabled), Section 221(d)4, Section 515 (Elderly Rural Housing) and Condo Associations

Taylor is a graduate of Furman University.

Our Team

Caitlin Steelman

            Chief Financial Officer                  

Caitlin Meek-Steelman

Caitlin Meek-Steelman

Chief Financial Officer & Executive Director of Asset Management

Caitlin coordinates and oversees property management in regards to all financial aspects of an asset’s performance. She creates and oversees the business plans of assets, as well as oversees all transactions and sales. In addition, she provides monthly updates to the entire Asset Management team outlining future projections. Caitlin also manages corporate overhead and financials, including payroll/benefits, administrative expenses and annual budgeting. She coordinates, reviews and submits all tax returns, and oversees all treasury management and credit facilities.

Caitlin joined the Graycliff team with over a decade of accounting experience. Prior to coming to Graycliff, she worked as a Senior Tax Accountant for Denny’s Corporation, reviewing Federal and multi-state tax issues, managing all state and local income tax audits, and preparing Federal consolidated, state and local tax returns. She also spent many years at Elliott Davis, LLC/PLLC, starting as an intern and working her way up to Tax Manager, where her responsibilities spanned from managing audits for corporate clients to supervising and reviewing the work of staff and senior accountants.

Caitlin received her Bachelor’s of Science in Accounting and Legal Studies in 2006 from Clemson University, graduating Magna Cum Laude. She also received her Master’s from Clemson, graduating Cum Laude with a Master’s of Professional Accountancy with an Emphasis in Taxation.

Jennifer Moore

           Chief Operating Officer                    

Jennifer Moore

Jennifer Moore

Chief Operating Officer

Jennifer is responsible for managing the implementation of the company’s strategies and overseeing their success throughout many areas of the firm including client services, closing document and report preparation, contract negotiations, loan compliance, internal and affiliate process management as well as team development. She works closely with other executive positions within the firm as well as the affiliated companies to increase productivity and achieve company goals.

When she first joined the Graycliff team, Jennifer started out as a Real Estate Coordinator. She provided support to the executives and other key members of the team throughout all areas of the organization when needed. Her main responsibilities were under client services, acquisitions & dispositions, lender communication and office administrative duties. Jennifer was promoted to Director of Operations in November of 2014.

Jennifer graduated Summa Cum Laude from Clemson University in 2010, where she was an active volunteer in the local community and a member of the National Society of Collegiate Scholars. In 2017, she received her Masters of Business Administrations in 2017 from Clemson University.

Seth Peterson

Executive Director of Development

Seth Peterson

Seth Peterson

Executive Director of Development

As the Executive Director of Development, Seth is responsible for executing new construction development opportunities, including: deal origination, underwriting, due diligence, and design & programming.

Seth has +10 years of real estate experience in the industrial and multi-family sectors. Since joining Graycliff, he has been the lead developer on +1,100 new apartment units with an estimated total value of +$200 million.

Originally from Summerville, SC, Seth earned his Bachelor’s degree in Real Estate from the University of South Carolina and a Master’s in Real Estate Development (MRED) from Clemson University. He is a licensed South Carolina real estate broker, and an active member of Urban Land Institute (ULI) and the National Multifamily Housing Council (“NMHC”).

Bill Connor

Executive Director of Construction

Bill Connor

Bill Connor

Executive Director of Construction

Bill oversees the design and construction activities within Graycliff Capital’s new development line of business.  This includes site development, preconstruction services, development design and construction management.  Bill has 18 years of construction management experience and has been involved with over 4,500 units totaling over $600 million dollars.  He has also managed various industrial and commercial projects in the Southeast.

Prior to joining Graycliff Capital, Bill was a Director of Project Management for CBRE.  There he oversaw the Project Management of all South Carolina projects for CBRE.  Prior to his time in the CRE sector Bill worked in Project Management for some of the most reputable General Contractors in the Southeast.

Bill received his Bachelor of Science  in Civil Engineering and Bachelor of Arts in Business Management from the University of Kentucky.

Mary Craig

Director of Operations

Mary Craig

Mary Craig

Director of Operations

In her role as Director of Operations, Mary is responsible for coordinating and overseeing all operations for transactions, including acquisitions, dispositions, and refinances. She works closely with debt brokers, buyers, legal teams, business partners, and all Graycliff internal teams to manage operations throughout the full deal life cycle.

Prior to joining Graycliff, Mary lead a global sales organization for a multinational luxury hotel brand. She also previously ran sales and marketing for a digital marketing agency. Her experience in sales, brand management, general leadership, and organizational development is an invaluable asset in her current role.

Mary received her Master of Business Administration from Kellogg School of Management at Northwestern University, and graduated with a Bachelor of Arts from Bloomsburg University of Pennsylvania.

Katie Rustman

Operations Manager

Katie Rustman

Katie Rustman

Operations Manager

Katie provides support to all members of the team including areas of investor relations, real estate transactions, corporate data and marketing.  She assists with transaction operations, report preparation, compliance requirements and other corporate projects. Katie also manages the social media outlets and website for the Graycliff team. Her goal is to promote Graycliff Capital Partners in the Upstate area and beyond.

Prior to joining Graycliff, Katie worked at TruColor Printing and Marketing, as an account manager. She also worked as a Special Education teacher in Greenville, South Carolina.  She is a graduate of the University of Wisconsin, Madison.

Julie Strausbaugh

Real Estate Assistant

Julie Strausbaugh

Julie Strausbaugh

Real Estate Assistant

Julie provides integral support to all members of the team in areas including accounting, investor relations, real estate transactions and office management. She assists with report preparation, compliance requirements and other large-scale projects, while juggling them with superb accuracy and strong administrative skills. Her exceptional customer service, attention to detail and excellent problem solving skills make her an invaluable asset at Graycliff.

Prior to joining Graycliff, Julie worked as a tax attorney for 29 years, doing bookkeeping and trust administration. She is a graduate of the University of South Carolina.

Kelsey Spalding

Director of Acquisitions

Kelsey Spalding

Kelsey Spalding

Director of Acquisitions

As the Director of Acquisitions, Kelsey is responsible executing new acquisition opportunities including: identifying new markets, deal origination, financing, underwriting and due diligence.  Her primary focus is markets in the Rocky Mountain West but she works alongside Andy Reiken in markets on the East Coast as well.

Prior to joining Graycliff, Kelsey worked in credit and underwriting for Freddie Mac in Chicago. At Freddie Mac, she underwrote over 140 loans with volume in excess of $1.5 billion and has experience in underwriting conventional multi-family, student housing, preferred equity transactions, tax credits and abatements, pooled transactions, lease-up, mixed use properties, and TIC structures. Furthermore, she was part of a small cross-regional team that specialized in underwriting manufactured housing.

Kelsey graduated Magna Cum Laude from the University of Colorado Boulder in 2016, with a Bachelor of Arts in Anthropology and a minor in Business. Also, while studying at the University of Colorado she was a member of the mountain biking team.

Nick Parshall

Director of Asset Management

Nick Parshall

Nick Parshall

Director of Asset Management

As Director of Asset Management, Nick is responsible for helping coordinate and oversee property management in financial aspects and report preparation. In addition, Nick helps provide monthly updates to the entire Asset Management team regarding current operations.

Prior to joining Graycliff, Nick worked in asset management and underwriting for Armada Analytics. At Armada, he assisted with and completed third party underwriting for multiple clients including Freddie Mac, Capital One, Berkadia, KeyBank, and PGIM among others on multiple types of multifamily properties including affordable and MHC. Prior to his departure, he was working as the primary contact with Freddie Mac regarding Asset Summary Reports and ran a team of analysts which completed these reports. In 1.5 years, he completed over 750 asset summary reports for Freddie Mac, including over $5 billion in loan amount.

Nick graduated from Clemson University in 2016, with a Bachelor of Science in Accounting and a minor in Finance.

Seth Taylor

Senior Real Estate Analyst

Seth Taylor

Seth Taylor

Senior Real Estate Analyst

As a Senior Real Estate Analyst, Seth is responsible for aiding in the oversight and management of financial aspects for the firm’s new developments and lease-up assets.

Prior to joining Graycliff, Seth most recently worked at NAI Earle Furman as a Real Estate Analyst for the firm’s investment fund, Appian Investments. He was responsible for the preparation, analysis, and presentation of key information for new investment opportunities, while also providing critical support throughout the transaction and capitalization processes. Additionally, Seth has experience working in multifamily loan services as a third-party loan underwriter for Armada Analytics, serving as an underwriting representative for real estate clients including Freddie Mac, Capital One, Berkadia, KeyBank, and PGIM.

Seth graduated with a BBA in Finance from the University of Georgia in 2016.

Stormie Ellenburg

Senior Development Associate

Stormie Ellenburg

Stormie Ellenburg

Senior Development Associate

Stormie joined Graycliff in February 2020 and works closely with Graycliff’s development arm as a Real Estate Analyst. She is responsible for assisting the development team with overall operations, budgeting, bank draws, legal compliance, site feasibility, underwriting, and market analysis.

Before joining Graycliff, Stormie worked in a similar role as a Real Estate Analyst with Johnson Development’s Industrial Division. There she assisted the Industrial team with development, operations, lease-up, and sale of multiple Class “A” distribution centers along the East Coast and Texas.

Stormie graduated Cum Laude from University of South Carolina Upstate and received her Bachelor of Science in Business Administration with a concentration in Accounting. Stormie is also a licensed South Carolina real estate salesperson.

Makenzie Grose

Real Estate Associate

Makenzie Grose

Makenzie Grose

Real Estate Associate

In her role as Real Estate Associate, Makenzie serves as integral support to all development, construction, and asset management team members. She assists in transitioning projects from development to sale in an administrative capacity, leveraging her education in project management and her background in property management to support this transition.

Prior to joining Graycliff, Makenzie was employed as a leasing consultant with NHE, Inc., a strategic partner of Graycliff Capital under Taylor Davis’ leadership, at one of Graycliff’s new development properties in Greenville, SC. Her familiarity with Graycliff’s new construction, our NHE partnership, and the lease-up process is an invaluable asset to her role. In addition to her experience in property management, Makenzie also has a bachelor’s degree in Project Management from Georgia Southern University.

Shannon Bull

Director of Accounting

Shannon Bull

Shannon Bull

Director of Accounting

In her role as Director of Accounting, Shannon is responsible for corporate accounting duties and supporting the Graycliff Development Team. She oversees monthly reporting and financial analysis, in addition to budgets and draws for new construction.

Prior to joining Graycliff, Shannon worked as a Senior Manager in Audit at Elliott Davis, LLC. Here she specialized in compilations and reviews mainly with closely held businesses. Previously, Shannon worked as a controller for Wingfield Properties and as Audit Manager at Ernst & Young.

Shannon is a Certified Public Accountant and currently holds both a Bachelor of Science in Accounting and Master of Accountancy with emphasis in Auditing from the University of South Carolina.

Catie Smith

Senior Accounting Manager

Catie Smith

Catie Smith

Senior Accounting Manager

As the Senior Accounting Manager, Catie is responsible for tracking and computing transactions, corporate monthly reporting, tax returns, and all tax related items. She also creates projections, completes financial analysis, as well as assists the team with monthly reports and budgets for each asset.

Prior to joining Graycliff, Catie worked as the Corporate Tax Manager for Snap One, headquartered in Charlotte, NC. She prepared various US and international tax calculations, quarterly and year-end income tax provisions, assisted with financial statement disclosures for 10-K/10Q reporting, and reviewed Federal consolidated, state and local tax returns as well as managed all state and local income tax audits. She also spent several years at PricewaterhouseCoopers in the Private Company Services group, where her responsibilities spanned from managing tax compliance and consulting services for various corporate and individual clients and reviewing the work of staff and senior accountants.

Catie received her Bachelor’s of Science in Business Administration with a concentration in Accounting in 2015 from Presbyterian College. While studying at Presbyterian, she was a member of the soccer team. She also received her Master’s of Professional Accountancy from Clemson with an Emphasis in Taxation.

Ryan Nesbett

Senior Accountant

Ryan Nesbett

Ryan Nesbett

Senior Accountant

As a Senior Accountant, Ryan is a key member of the accounting team and provides support to all Graycliff teams. He handles payables and keeps track of the transactions between properties, as well as coordinating with the Development team to facilitate the draws for ongoing projects. Ryan also assists with budgets, distributions, and monitoring cash activity.

Prior to joining Graycliff, Ryan worked as a Project Accountant with Jacobs Engineering. There he worked on several international projects, mostly on conservation teams in the Northern Canadian region. Ryan graduated from the College of Charleston, where he received a Bachelor of Science in Accounting with a focus in Project Management.

Kristin Newell

Investor Relations

Kristin Newell

Kristin Newell

Investor Relations

In the Investor Relations role, Kristin serves as a key point of contact for investors and is responsible for coordinating raises, onboarding new investors, and producing investment performance reports. She also supports corporate branding and marketing strategy, including social media management and assisting with web content development. Kristin enjoys building relationships with our investors, as well as providing operational and administrative support as Graycliff continues to grow.

Prior to joining Graycliff, Kristin served concurrently as office manager and marketing manager for an industrial electronics distributor based in Atlanta, GA. She brings to Graycliff over a decade of experience in relationship management, business administration, communications, and strategic brand development.

Kristin graduated Summa Cum Laude from Colorado State University with a Bachelor of Science in Human Resources and a specialization in Strategic Communication.

James Houston

Project Manager

James Houston

James Houston

Project Manager

As Project Manager, James coordinates construction for multifamily development, from permitting to final delivery. He works alongside of the rest of the Graycliff development team to manage scheduling, pay applications, change orders, RFIs, and submittals for our new construction projects.

Prior to his role at Graycliff, James served as development manager for Johnson Development Associates, where he managed the development of over 1.7 million square feet of new construction. James has over 7 years of experience in construction and project management.

James earned his Bachelor of Science in Civil Engineering with a focus on Structural Engineering from The Citadel, The Military College of South Carolina, in 2016. During his degree program, James successfully completed the National Council of Examiners for Engineering and Surveying (NCEES) Fundamentals of Engineering (FE) exam.

Jared Porter

Project Manager

Jared Porter

Jared Porter

Project Manager

As Project Manager for New Development, Jared works closely with the Graycliff development team, project design teams, property managers, and general contractors to manage and coordinate development throughout the construction life cycle. Jared is responsible for schedule and budget management, design coordination, and ensuring that the project is completed to Graycliff’s high quality standards.

Prior to his role at Graycliff Jared worked with CF Evans, a leading multi-family general contractor in the region, for seven years. In this role he was directly responsible for the construction and delivery of over 1,500 units and was awarded by CF Evans for his dedication to his work.

Jared attended the University of South Carolina Honors College, where he received a Bachelor of Science from the Darla Moore School of Business. Jared majored in marketing and management, with a focus on entrepreneurship.