FCP℠ Managing Partner, Lacy Rice, will take part in an Urban Land Institute Philadelphia panel discussion, “Taking Stock: Repercussions of Rising Interest Rates”, on Tuesday, May 22, 2018 at PNC Bank, Center Hall at 1600 Market Street in Philadelphia, PA. The forum will tap Mr. Rice, along with other capital markets experts, to discuss the near-term forecast for interest rates and how the rising rates will impact real estate capital markets. Impacts on development costs, real estate appraisal values, and the capital available for real estate will all be examined along with strategies to limit exposure to rising rates. This event is open to both ULI members and non-members. Click here to register.
Lacy Rice manages FCP’s for-sale and for-rent residential acquisitions. Mr. Rice has 32 years of experience in real estate investment and corporate finance and serves on FCP’s Investment Committee. Prior to founding FCP, Mr. Rice was a Principal at The Carlyle Group. Mr. Rice serves on the Board of the Boys and Girls Clubs of Greater Washington and is a former member of the Board of Shepherd University, the BB&T Advisory Board, and the Mercersburg Academy Alumni Council. He received his MBA from Harvard Business School and BA from Princeton University.
FCP℠ is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in incomeproducing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.
ULI is a nonprofit research and education organization supported by its members. Founded in 1936, the Institute now has almost 40,000 members in 95 countries, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service – including leading property owners, investors, advisors, developers, architects, lawyers, lenders, planners, regulators, contractors, engineers, university personnel and students.
ULI Philadelphia is one of ULI’s largest and most robust District Councils, with about 1,000 members throughout the area, including regional satellites in Central Pennsylvania, Delaware, Lehigh Valley, and Southern New Jersey.