Investor profile - PA
Lacy Rice
Lacy Rice is a real estate investor and operator based in Philadelphia, PA-NJ-DE-MD. Public filings show activity across 6 properties held through 3 holding companies. Recent mortgage relationships include Capital One, JLL Real Estate Capital, and ARBOR REALTY MEZZ HOLDINGS.
Lacy's Activity
As of December 2025, public records show approximately $148.3M in recorded mortgage exposure linked to this investor across at least 14 mortgage filings and 6 properties held through 3 holding companies. Activity appears concentrated in multifamily assets recorded between 2012 and 2025.
Primary Geography
Philadelphia, PA-NJ-DE-MD
ZIP codes: 19103 and 19144
Most recorded activity for this investor appears in PHILADELPHIA.
Property Type Breakdown
Associated Entities (3)
PA · 0 properties · 6 mortgages
PA · 2 properties · 5 mortgages
PA · 10 properties · 3 mortgages
Mortgages (14)
Top Lenders
$80.5M · 1 loan
$55.0M · 1 loan
$12.7M · 2 loans
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 07/03/2025 | $55.0M | Open | JLL Real Estate Capital | 1616 WALNUT LP | 1616 WALNUT ST, PHILADELPHIA, PA 19103 24TH |
| 02/09/2022 | $9.0M | Closed | Arbor Realty Trust | FAIRMOUNT APARTMENT INVESTORS LLC | 345 W JOHNSON ST, PHILADELPHIA, PA 19144 |
| 01/14/2022 | $89.6M | Closed | Capital One | EDGEWATER OWNER LLC | 200 N 23RD ST, PHILADELPHIA, PA 19103 |
+11 more not shown
Owned Properties (6)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 345 W JOHNSON ST, PHILADELPHIA, PA 19144 | FAIRMOUNT APARTMENT INVESTORS LLC | Sold | $2.1M |
| 230 N 23RD ST, PHILADELPHIA, PA 19103 | EDGEWATER OWNER LLC | Owns - 6.5 yrs | $2.0M |
| 2323 RACE ST, PHILADELPHIA, PA 19103 512 | EDGEWATER OWNER LLC | Owns - 6.5 yrs | $116.0M |
+3 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in multifamily properties across Philadelphia, PA-NJ-DE-MD.
What companies is Lacy Rice associated with?
Lacy Rice is associated with 3 entities based on extracted signatures from public records. Key entities include FAIRMOUNT APARTMENT INVESTORS LLC, 1616 WALNUT LP, and EDGEWATER OWNER LLC.
How many properties are associated with this investor?
At least 6 properties are associated with Lacy Rice and the entities they control, based on signatures extracted from recorded documents connecting Lacy Rice to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Capital One, JLL Real Estate Capital, and ARBOR REALTY MEZZ HOLDINGS, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2012 through 2025, with the most recent mortgage recorded in 2025.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
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