May 2nd, 2019, Author: Paul Gormont

Rick has an extensive legal background in tax planning and real estate transactions including installment sales, 1031 exchanges, qualified opportunity zone investments, joint venture structures, and government and governance issues.

Rick previously served as the Audit Committee Chair and as a founder board trustee for First Potomac Realty Trust (FPO), a NYSE REIT, where he helped guide the firm from owning one warehouse to a $1.5 billion portfolio of office and industrial properties in the mid-Atlantic.  He also served as Director, Acquisitions of United Dominion Realty (UDR) – also a NYSE REIT – where he led investment teams in six regional offices to grow the firm 10-fold over 10 years. Rick’s vast experience includes serving as a member of Pennsylvania General Assembly, President of American Realty Capital Markets, a Sergeant in the United States Marine Corps Reserve, Chair of the Commercial Real Estate Committee of the Virginia State Bar, President of the Real Estate Investment Securities Association (now ADISA), President of Encore Equities, and Director-1031 Transactions for NNN Properties.

Rick received his Bachelor of Science from the University of Pittsburgh and his Juris Doctorate from the University of Richmond School of Law, and is actively involved in the Carolina Virginia Business Brokers Association, the Richmond Association for Business Economics, Leadership Metro Richmond and the Virginia State Bar Real Estate Section.