Resource Real Estate (RRE), a firm that specializes in direct real estate investments, commercial real estate lending, and global real estate securities, announces the hiring of Martin Caverly as Senior Vice President focusing on RRE’s growing commercial office business.

Mr. Caverly brings over 25 years of U.S. and international office real estate investment and management experience to RRE. Specifically, he is an industry leader in the creative and innovative office sector. Most recently, Mr. Caverly was the CEO of EVOQ Properties (OTC: EVOQ), a former publicly- traded office real estate company that, at its peak, was one of the largest owners of real estate in downtown Los Angeles. Mr. Caverly led the company’s restructuring and repositioning, including the re-development of its landmark asset, Alameda Square, now one of the leading creative and innovative office hubs in Los Angeles.

“I’m excited to join a dynamic and growing real estate organization that is specifically focused on building a portfolio of quality and innovative commercial office investments with a national scale and scope,” stated Caverly.

“We are pleased to have Martin join the RRE team,” added Alan Feldman, Chief Executive Officer of RRE. “Resource has a long history of successful real estate investing and a great track record of commercial investments. Martin brings a deep and broad set of office real estate experiences, along with intimate knowledge of the nuances of innovative and creative office space. We believe he will be a tremendous asset and is joining RRE at a particularly exciting time.”

Prior to EVOQ, Mr. Caverly held senior positions at private equity firms O’Connor Capital Partners, Security Capital Group, and Tishman Speyer — where he served as head of European acquisitions, buying both core and opportunistic Class A office buildings in major Western European markets. In this role, Mr. Caverly worked with many companies across many industries that were on the leading edge of “creative office” — open, collaborative spaces that are a must-have for today’s innovative companies. He is a graduate of Harvard College and Northwestern’s Kellogg Graduate School of Management. He is an active member of numerous real estate organizations and is a frequent guest lecturer and panel speaker.

About Resource Real Estate

Resource Real Estate (RRE) is a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. For over two decades, RRE and its affiliates have managed real estate assets for institutional and individual investors. RRE and its parent company have offices in New York, Los Angeles, Denver, London, Singapore, Sydney as well as its headquarters in Philadelphia and additional locations across the US.

RRE owns and manages real estate assets with an aggregate value of approximately $3.1 billion. RRE is a wholly owned subsidiary of Resource America (NASDAQ: REXI). As of September 30, 2014, Resource America managed $19.4 billion across various asset classes.