JER Partners - Leadership




JER Partners is a management-owned firm. JER Partners' Management Committee consists of three senior executives with a combined average 28 years of experience that spans multiple real estate cycles. These individuals bring a wealth of experience across a broad spectrum of disciplines and extensive track records to focus on the strategic direction of the company.

Keith W. Belcher, Managing Director, CMBS Investments and Special Servicing

Keith W. Belcher

Managing Director, JER Partners

Mr. Belcher is a Managing Director of JER Partners and serves on the Management Committee, the North American Investment Committee, and the U.S. Debt Co-Investment Vehicle Committee.  Mr. Belcher has been responsible for all CMBS acquisitions made by the JER Partners funds and affiliates, which have exceeded $1.8 billion in purchase price with over 4,000 collateral loans. He  also oversaw the development and operation of JER Partners' Special Servicing platform. Prior to his current role, he was responsible for JER Partners' asset management contracts with the RTC. These contracts were comprised of both loans and REO assets from multiple failed financial institutions with a total portfolio size exceeding $3.5 billion. Mr. Belcher was responsible for the staffing and management of these contracts and directed the asset management and loan workout activities over a three year period through the contract completions.


Prior to joining JER Partners in 1991, Mr. Belcher served as Senior Asset Manager for the Federal Asset Disposition Association (FADA), overseeing a non-performing loan portfolio in excess of $800 million. Prior to FADA, Mr. Belcher was Vice President with InterFirst Bank in Dallas, responsible for a real estate portfolio averaging in excess of $100 million including acquisition and construction loans. In total, Mr. Belcher has more than 27 years of diverse real estate experience including loan workout, REO management, construction lending and portfolio liquidation.

Mr. Belcher is a graduate of Southern Methodist University with a B.B.A. degree in Finance and a B.A. in Economics. Mr. Belcher is a Director for the DeBusk Foundation, a charitable foundation providing grants for elementary educational programs.

J. Michael McGillis, Managing Director and Chief Financial Officer

J. Michael McGillis

Managing Director and Chief Financial Officer, JER Partners

Mr. McGillis is a Managing Director and the Chief Financial Officer of JER Partners and serves on the Management Committee, the North American Investment Committee and the U.S. Debt Co-Investment Vehicle Investment Committee. Mr. McGillis is responsible for the asset management, portfolio management, finance, accounting and investor relations functions of JER Partners.


Mr. McGillis has over 25 years of diverse experience involving real estate and corporate valuations, acquisitions, sales and financing as well as financial reporting, operations and administration in both public and private companies. Prior to his tenure at JER Partners, he worked at Freddie Mac, where he was a Vice President in finance from 2003 to 2006. Before Freddie Mac, Mr. McGillis was the Chief Financial Officer of Starcom Holdings/Constar International from 1999 to 2003. He has also worked in chief financial officer, portfolio management, corporate finance and audit capacities at AEW Capital Management/Copley Real Estate Advisors, Robertson Ceco Corporation and PricewaterhouseCoopers.

Mr. McGillis is a magna cum laude graduate of Northeastern University where he received a B.S. in Business Administration, and is a Certified Public Accountant.

Daniel T. Ward, Managing Director and General Counsel

Daniel T. Ward

Consultant, JER Partners

Mr. Ward is the General Counsel of JER Partners and serves on the Management Committee, the North American Investment Committee and the European Investment Committee.  Mr. Ward is responsible for all legal matters involving investment structuring, document negotiation and transaction closings and capital raising activities for JER Partners. After joining JER Partners in 1991, Mr. Ward served as General Counsel for the JER Partners/Goldman Sachs venture which acquired $7.4 billion in sellers' book value in distressed U.S. real estate and loans from the RTC, insurance companies and banks in both sealed bid auctions and privately negotiated transactions from 1991 through 1996. While at JER Partners, Mr. Ward has directed the closings for approximately 35 portfolios with over 2,100 assets and participated in the securitization of $568 million of non-performing loans and $270 million of performing loans.


Mr. Ward is a summa cum laude graduate of Villanova University, where he obtained a B.S. in Accounting. He received a J.D. with honors from The National Law Center, George Washington University. Mr. Ward is a member of the Washington, DC Bar Association and the Virginia State Bar Association.