Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Resource America Inc : Resource Real Estate Opportunity REIT Declares Stock Distribution

02/14/2013 | 09:55am US/Eastern

On February 13, 2013, the board of directors of Resource Real Estate Opportunity REIT (the "Company") authorized a stock distribution of 0.0075 shares of common stock per share, or 0.75 percent of each outstanding share of common stock, for stockholders of record as of the close of business on March 29, 2013. The Company expects to issue the shares of common stock on April 15, 2013.

About Resource Real Estate

Resource Real Estate is a national real estate firm specializing in opportunistic and value-add investing in, and financing of, commercial real estate assets with a particular emphasis on multifamily properties. Resource Real Estate has a long history of investing in, managing and resolving distressed and other complicated real estate investments.

Resource Real Estate currently has an ownership interest in and manages a real estate portfolio with an aggregate value of approximately $1.7 billion, which includes approximately 24,000 apartment units and more than 500,000 square feet of office, retail, industrial and hotel space located throughout the United States. Resource Real Estate has over 540 employees with primary offices located in Philadelphia, New York City, Los Angeles, Denver and Omaha.

Resource Real Estate is a wholly owned subsidiary of Resource America, Inc. (NASDAQ: REXI), a specialized asset manager. As of September 30, 2012, Resource America had $14.9 billion in assets under management.

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


© Business Wire 2013
React to this article
Latest news on RESOURCE AMERICA INC
07/06 RESOURCE AMERICA : Authorizes Payment of Quarterly Cash Dividend
07/01 RESOURCE AMERICA : to Report Operating Results for the Second Quarter 2015
06/30 Resource America, Inc. to Report Operating Results for the Second Quarter 201..
06/22 RESOURCE CAPITAL : Declares Quarterly Cash Dividends for Preferred Stock
06/22 RESOURCE CAPITAL : Declares Quarterly Cash Dividend
06/10 RESOURCE AMERICA : Real Estate Opportunity REIT Announces Estimated Net Asset Va..
06/05 RESOURCE AMERICA : Real Estate Opportunity REIT Acquires Yorba Linda Apartments ..
05/11 RESOURCE AMERICA : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION A..
05/08 RESOURCE AMERICA : Results of Operations and Financial Condition, Financial Stat..
05/07 RESOURCE AMERICA : Reports Operating Results for the First Quarter Ended March 3..
Advertisement
Chart
Duration : Period :
Resource America Inc Technical Analysis Chart | REXI | US7611952059 | 4-Traders