Resource America Inc : Resource Real Estate Opportunity REIT Declares Stock Distribution
02/14/2013| 09:55am US/Eastern
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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
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