Executive Vice President and Chairman
Jay Rollins is Chairman of WDIP. In addition to managing WDIP’s legacy funds, Mr. Rollins provides guidance to WDIP’s management team regarding investment strategy and execution. Mr. Rollins is also a voting member of the firm’s investment committees.
From 1999 to 2005, Mr. Rollins was a Managing Director at GMAC Commercial Mortgage, where he built a team of 17 professionals focused on making opportunistic loans to transitional multifamily, retail, office, land and industrial properties.
Prior to GMAC, Mr. Rollins was the President and Founder of Eastern Realty Corporation, a “Resolution Trust Company era” real estate investment company. Eastern Realty managed four partnerships, each purchasing assets from the RTC and financial institutions. As General Partner, Eastern Realty resolved, repositioned, and sold distressed notes and REO. These disposition efforts included debt restructurings, bankruptcy, litigation, and development, as well as note and property sales. In 1996 Mr. Rollins sold Eastern Realty to Crown NorthCorp and remained there as a senior executive until he joined GMAC.
Prior to Eastern Realty, Mr. Rollins was Director of Finance for a large public homebuilder, NVR LLC (“NVR”). As part of this position, he was responsible for establishing project-level lending relationships for the company. Mr. Rollins was also a key member of NVR’s internal restructuring team, which was responsible for loan workouts and restructurings with more than 20 project lenders. Prior to NVR, he was a real estate lender with three large regional banks in the Washington, D.C. metropolitan area: Dominion Bank, American Security Bank, and Sovereign Bank.
Mr. Rollins is a frequent speaker and guest lecturer on the topic of real estate finance at universities including the University of North Carolina, Virginia Tech University, and the University of Denver, as well as at professional symposia. Additionally, he has written numerous articles on the topic of commercial real estate finance. He is also the author of “Commercial Real Estate Finance Uncovered”. Mr. Rollins is a member of the Finance Advisory Board at the Pamplin College of Business at Virginia Tech.
Mr. Rollins holds a Master of Business Administration, specializing in finance, from George Washington University and a Bachelor of Science in finance and marketing from Virginia Tech.