You might say that St. James Capital (SJC) was the forerunner of Campus Crest Communities. Information about SJC is sketchy, but Ted Rollins reportedly started the company with his cousin, R. Randall Rollins of Atlanta. SJC was a real-estate development company, and as seems to be the case with most Rollins businesses, it apparently involved significant dollars.
Ted Rollins hardly is a financial lightweight. But his cousin, Randall Rollins, is among the heaviest of heavyweights. Randall Rollins is the chairman of Rollins, Inc., the company that operates Orkin Pest Control and a number of other profitable ventures. Randall's younger brother, Gary W. Rollins, is president and CEO of Rollins, Inc.
How profitable are the Rollins enterprises? In 2004, The Atlanta Business Chronicle compiled a list of the city's "Stock Market Superstars." At No. 5 on the list was Gary Rollins, with a stock worth of $584.9 million. Right behind him, at No. 6, was Randall Rollins, worth a cool $546.4 (By the way, the No. 4 spot, just ahead of the Rollins brothers, was occupied by a fellow named Ted Turner--worth $843.3 million.)
The same publication compiled a "Barons of Business" for Atlanta in 2005. Gary Rollins was ranked No. 3 on that list, and his stock wealth had soared to $791 million. Randall Rollins was No. 4, with stock wealth of $763.8 million. The Rollins brothers clearly are among the "1 percent" who have done quite well in the Age of Bush. And they are Ted Rollins' cousins'.
Given Randall Rollins' track record, it's safe to say that a company he formed with Ted Rollins would be pretty successful. So how could that company, St. James Capital, disappear in the middle of Ted Rollins' divorce case?
We still are looking for answers to that question. But court documents make it clear that St. James Capital did indeed vanish while Rollins v. Rollins was litigated over about a seven-year period.
Sherry Rollins started the case in 2001 by filing for divorce in Greenville, South Carolina, where she and Ted Rollins lived with their daughters. What happened next? Here is how we described it in a previous post:
Sherry Rollins had sued for divorce in Greenville, South Carolina, where the family had lived, and adultery was one of the primary grounds she cited. A South Carolina judge had issued a temporary order that called for Ted Rollins to pay $3,355 a month in child support, $5,000 a month in alimony, and continue paying the mortgage, taxes, and insurance on the marital home.
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