Resource Real Estate Opportunity REIT II, Inc. (“Opportunity REIT II”) announces that it is under contract with the intent to acquire a multifamily community in Fort Worth, Texas. Opportunity REIT II has concluded its due diligence on its second acquisition and it is expected to close within the next 30 days. However, Opportunity REIT II cannot guarantee that the acquisition will close.

In addition to the anticipated acquisition, Opportunity REIT II is pleased to report the strong performance of its initial property located in Dallas, TX. Since its acquisition, the average rent for new leases at the property has increased by approximately 9 percent for un-renovated apartment units. The property is currently 95 percent occupied and is on schedule to begin full interior unit renovations during the first quarter of 2015, with the goal of further increasing the property’s rents and ultimately its cash flow.

Kevin Finkel, President and COO of Opportunity REIT II, notes, “One of the primary goals of Opportunity REIT II is to acquire assets at a discount to their optimized value and then to increase cash flow potential through superior management and strategic improvements. Our goal to acquire income-producing multifamily assets continues to be met and we are pleased to see this growth in rental rates.”

On November 13, 2014, Opportunity REIT II’s board of directors authorized cash distributions to the stockholders of record at the close of business each day in the period commencing November 27, 2014, through and including January 29, 2015. The distributions will equal a daily amount of $0.00068493 per share of common stock for each day in the period commencing November 27, 2014, through and including November 30, 2014, and $0.00164384 per share of common stock for each day in the period commencing December 1, 2014, through and including January 29, 2015. Opportunity REIT II expects to pay these distributions on December 31, 2014 and January 30, 2015.

On November 19, 2014, Opportunity REIT II’s board of directors also authorized a special stock distribution of 0.00833333 shares of common stock, $0.01 par value per share, to the stockholders of record at the close of business on December 31, 2014. Such stock distribution will be issued on January 15, 2015.

About Resource Real Estate Opportunity REIT II

Resource Real Estate Opportunity REIT II, Inc. intends to acquire and operate a portfolio of multifamily real estate throughout the United States. Opportunity REIT II’s objectives are to provide capital preservation, current income and capital appreciation. Opportunity REIT II is sponsored by Resource Real Estate, Inc., a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. Resource Real Estate is a wholly owned subsidiary of Resource America (NASDAQ: REXI).

All statements and information other than statements of historical fact included in this press release regarding strategy, future operations, financial position, estimated revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. When used, the words "could," "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. You should not place undue influence on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved because of the number of risks and uncertainties, many of which are beyond our control, including but not limited to uncertainties concerning the properties being operated and sold or refinanced, leverage and meeting debt service obligations, operating properties in different locations throughout the U.S., general, market or business conditions and changes in laws or regulations. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.