Mr. Gronning is a Managing Principal of Normandy. Prior to Normandy, he held the position of Executive Director and Chief Financial Officer of Morgan Stanley’s real estate investing division. During his 12 years at Morgan Stanley, he was responsible for a $13 billion asset portfolio that served more than 100 clients. He was also instrumental in raising over $2.6 billion in capital for the Morgan Stanley Real Estate Funds (MSREF) and integrating the Lend Lease real estate investment business into the company. Mr. Gronning, a Certified Public Accountant, earned his Bachelor’s degree in Business/Accounting from Virginia Commonwealth University.