Chevy Chase, MD


FCP® congratulates Managing Partner Lacy Rice on his recognition as one of this year’s honorees at the Boys & Girls Clubs of Greater Washington (BGCGW) Youth in Real Estate event. His commitment to the organization and the youth it serves has helped numerous boys and girls find pathways to success. FCP also congratulates fellow honorees, W. Matt Kelly of JBG SMITHKimberly Driggins of Washington Housing Authority and Holly Sears Sullivan of Amazon.

Read Lacy Rice’s interview on the BGCGW blog here, where he summarized his advice to the young people served by the organization as, “Dream big. Work hard. Be passionate. View all people equally. Find the silver lining. Make adversity your accelerant. Study and emulate the smartest person in the room. Don’t be too proud to take the helping hand. Leave your ego at home. Go for it!”

Rice was a youth member of the Boys & Girls Clubs in his hometown of Martinsburg, WV and was also honored this year with the Boys & Girls Clubs of America Outstanding Achievement Award – Board Member of the Year as well as with the National Silver Medallion, which recognizes board members and volunteers who have provided outstanding and exemplary service to a Boys & Girls Club.

The mission of the Boys & Girls Clubs of Greater Washington is to help boys and girls of all backgrounds, especially those that need us most, build confidence, develop character and acquire the skills needed to become productive, civic-minded, responsible adults. Each year the Youth in Real Estate event pays tribute to industry leaders, developers, and architects committed to strengthening the community by making significant contributions to youth and to Boys & Girls Clubs in the greater Washington region. FCP is proud to be a Signature Sponsor for the 2020 Youth in Real Estate event.

Lacy Rice manages FCP’s for-sale and for-rent residential acquisitions. Rice has 34 years of experience in real estate investment and corporate finance and serves on FCP’s Investment Committee. Prior to founding FCP, he was a Principal at The Carlyle Group. He served on the company’s real estate fund’s Investment Committee. Prior to Carlyle, Rice worked at companies including Alex. Brown, Haas & Haynie Corporation and Chemical Bank. Rice is a member of the NMHC Affordable Housing Council and 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.

About FCP
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 income-producing 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