The formation of Rivergate followed a distinguished 20-year brokerage career with global real estate service provider CB Richard Ellis (CBRE). A vice chairman at CBRE, Jay was actively involved in the sale and consulting assignments of more than 300 transactions, including the disposition of over 76,000 multifamily units in excess of $10 billion in consideration. The first ten years at CBRE were in a major market downturn from 1986 through 1996.  In this timeframe, Jay transacted over $2.5 billion in distressed and REO assets from many of the major financial institutions.  This included most major banks, savings and loans, Fannie Mae, Freddie Mac, and on behalf of government entities including RTC, FDIC, and FISLIC.  Transaction experience in this distressed environment included dispositions, acquisitions, consulting, financing, strategy, and asset management. In 2002 the condominium conversion wave hit Florida and many major cities in the U.S., which lasted through 2006.  Jay and his team participated in excess of $5 billion of condo conversion dispositions during this period.  

Transaction expertise covers a broad range of disciplines including the acquisition, disposition and financing of hospitality, multifamily and land assets. Experience includes: acquisitions, portfolio and single asset sales, financing, advisory assignments, land assemblages, exchanges, tax-exempt transactions, LIHTC investment / development and capital placement.

Jay started his career with Southeast Banks as a credit analyst.

University of  Miami – Citizens Board

National Multi-housing Council

Urban Land Institute – Council Member & Executive Board Member, South Florida

National Multi-housing Council – Board of Directors (past)

Greater Miami Chamber of Commerce – Workforce Housing Committee (past)

Cushing Academy, Ashburnham, Mass – Board of Directors (past)

 

Jay received his BBA from the University of Miami, Coral Gables, FL in Finance and Accounting.