Lacy Rice manages the company’s for-sale and for-rent residential acquisitions. Mr. Rice has 34 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. He served on the company’s real estate fund’s Investment Committee. Prior to Carlyle, Mr. Rice worked at companies including Alex. Brown, Haas & Haynie Corporation and Chemical Bank. Mr. Rice is an NMHC Board Member and member of the NMHC Affordable Housing Council and is a member of the Urban Land Institute. He serves on the Board of The Boys & 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. Rice was Board Chairperson of American Community Properties Trust (NYSE: APO), a public real estate company FCP purchased and took private. He received his MBA from Harvard Business School and BA from Princeton University.