Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Resource America Inc    REXI   US7611952059

SummaryQuotesChart AnalysisNewsCalendarCompany 

Resource America Inc : Resource Real Estate Opportunity REIT Declares Common Stock Distributions

08/21/2013 | 09:45am US/Eastern
Recommend:
0

On August 14, 2013, the board of directors of Resource Real Estate Opportunity REIT (the "Company") authorized a stock distribution of 0.005 shares of common stock, or 0.5 percent of each outstanding share of common stock, to the stockholders of record at the close of business on September 30, 2013. This stock distribution is to be issued on October 15, 2013.

For stockholders of record on each of the distribution record dates during 2013, the combination of cash and stock distributions declared by the Company in the first nine months of 2013 equates to a 6.0 percent annualized rate based on a purchase price of $10.00 per share.

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, London and Singapore, as well as its headquarters in Philadelphia and additional locations across the U.S.

RRE owns and manages real estate assets with an aggregate value of approximately $1.9 billion. RRE is a wholly owned subsidiary of Resource America (NASDAQ: REXI). As of June 30, 2013, Resource America managed $16.1 billion across various asset classes.

Media Contact:
Gregory FCA for Resource Real Estate
Jimmy Moock, 610-228-2125
jimmy@gregoryfca.com
or
Company Contact:
Resource Real Estate
Marianne McGuire, 267-256-5964
Director of Marketing
mmcguire@resourcerei.com


© Business Wire 2013
Recommend :
0
React to this article
Latest news on RESOURCE AMERICA INC
1d ago RESOURCE AMERICA : Real Estate Opportunity REIT Purchases Addison Place Apartmen..
2d ago RESOURCE CAPITAL : to Report Operating Results for First Quarter 2014
04/14 RESOURCE AMERICA INC : ex-dividend day
04/11 RESOURCE AMERICA : Real Estate : Opportunity REIT Purchases Addison Place Apartm..
04/10 RESOURCE AMERICA : Real Estate : Diversified Income Fund (RREDX) Increases Quart..
04/09 RESOURCE AMERICA : Declares Quarterly Cash Dividend
04/04 RESOURCE AMERICA : Authorizes Payment of Quarterly Cash Dividend
03/25 RESOURCE CAPITAL : Declares Quarterly Cash Dividend
03/21 RESOURCE AMERICA : Capital Corp. : Declares Quarterly Cash Dividends for Preferr..
03/21 RESOURCE AMERICA : Capital Corp. : Declares Quarterly Cash Dividend
Advertisement
Chart
Duration : Period :
Resource America Inc Technical Analysis Chart | REXI | US7611952059 | 4-Traders
Dynamic quotes  
ON
| OFF