Resource Real Estate Company Profile
Resource Real Estate ("RRE") 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. RRE has a long history of successfully investing, managing and resolving distressed and other complicated real estate investments.
RRE currently has an ownership interest in and manages a real estate portfolio with an aggregate value of approximately $1.7 billion, which includes over 24,000 apartment units across 66 multifamily complexes in 18 states. RRE has over 550 employees with primary offices located in Philadelphia, New York City, Los Angeles, Denver and Omaha.
Since 1991, RRE and its affiliates have acquired, managed and harvested over $1 billion, representing 85 assets, in distressed real estate assets for institutional investors, individual investors and for its own account. RRE's primary operating divisions include acquisitions, asset management (including workouts and dispositions), onsite property management, legal, debt origination, commercial real estate securities and financial reporting. In addition to its own activities, RRE's parent company has sponsored two NYSE listed and publicly traded REITs.
Resource Real Estate is a wholly owned subsidiary of Resource America, Inc., a publicly traded company (NASDAQ: REXI). Resource America is a specialized asset management company that uses industry specific expertise to generate investment opportunities in real estate and financial services, including the banking industry. As of June 30, 2012, Resource America managed over $15 billion across various asset classes.
News from Resource Real Estate:
Resource Real Estate Opportunity REIT Buys Nob Hill Apartments
National real estate firm makes an opportunistic purchase near Winter Park, FL PHILADELPHIA, July 11, 2013 /PRNewswire/ — Today, Resource Real Estate Opportunity REIT, sponsored by Resource Real Estate, Inc. ("Resource Real Estate" or "RRE"), a national real estate firm specializing in opportunistic and value-add investing and financing, announced that it has purchased Nob Hill Apartments […]
Resource Real Estate Opportunity REIT Increases Line of Credit Capacity with Bank of America
Bank of America doubles the size of real estate investment trust's line of credit PHILADELPHIA, June 6, 2013 /PRNewswire/ — Today, Resource Real Estate Opportunity REIT (the "Company"), sponsored by Resource Real Estate, Inc., a national real estate firm specializing in opportunistic and value-add investing and financing, announces that the Company has significantly increased the size […]
Resource Real Estate Opportunity REIT Announces the Sale of Town Park
–National real estate firm sells asset in Birmingham, Ala. – PHILADELPHIA, May 21, 2013 /PRNewswire/ — Today, Resource Real Estate Opportunity REIT, sponsored by Resource Real Estate, Inc. ("Resource Real Estate" or "RRE"), a national real estate firm specializing in opportunistic and value-add investing and financing, announces that it has sold Town Park Apartments ("Town Park") […]
Resource Real Estate Opportunity REIT Buys Autumn Wood Apartments
National real estate firm purchases property in Birmingham, Ala. PHILADELPHIA, May 20, 2013 /PRNewswire/ — Today, Resource Real Estate Opportunity REIT, sponsored by Resource Real Estate, Inc. ("Resource Real Estate" or "RRE"), a national real estate firm specializing in opportunistic and value-add investing and financing, announces that it has purchased Autumn Wood Apartments ("Autumn Wood") in […]
Resource Real Estate Opportunity REIT Buys Armand Place
–National real estate firm purchases property in Houston, TX- PHILADELPHIA, April 19, 2013 /PRNewswire/ — Today, Resource Real Estate Opportunity REIT, sponsored by Resource Real Estate, Inc. ("Resource Real Estate"), a national real estate firm specializing in opportunistic and value-add investing and financing, announces that it has purchased Armand Place ("Armand") in Houston, TX. Armand is […]
