In 1992, Mr. Rice formed his own real estate brokerage firm, The Rice Realty Group, whose initial focus was brokerage sales. By 1993, he had added development to his services and founded FOG Development, specializing in the development of build to suit Walgreens Drugstores. To date, Mr. Rice has developed more than 100 Walgreens drugstores throughout the southeastern United States and Puerto Rico. In March 2002, Mr. Rice merged FOG Development with RMC Property Group, with a vision to become Florida’s most diversified commercial real estate company. Since the merger, he has been instrumental in the development of numerous Publix anchored shopping centers, mixed use projects, fast food restaurants, storage facilities, banks and gas stations.
In addition, Mr. Rice has expanded his efforts to include mixed-use projects. He completed the development of several grocery-anchored, vertically integrated communities throughout Florida, combining luxury condominiums with grocery stores, retail shops and office space. His approach to residential and retail proliferation made him a leader in the commercial development industry.
Mr. Rice is a member of the CRES (Center of Real Estate Studies) Advisory Board at the University of Florida and the Board of Directors of Bay Cities Bank. In addition to development and redevelopment efforts, he is extremely active in the community and considers that part of his mission. In 2004, he and wife Susie were co-honorees of Gulf Coast Jewish Family Services. They also are committed to making Tampa a “better place to live”, with their contributions to the Corporation to Develop Communities in East Tampa. At RMC Property Group, Mr. Rice promotes several charitable efforts and encourages full participation from the employees.
Over the years, RMC has been committed to such organizations as Meals on Wheels, The Children’s Cancer Center, and H. Lee Moffitt Cancer Center. Mr. Rice holds a Bachelor of Arts degree in political science from the University of Wisconsin.