Resource America, Inc.
REXI
NASDAQ9.78
USD
-0.01
- -
CIK
0000083402
CUSIP
761195205
Return %
Stock
S&P500
1Y
- -
18.99
3Y
- -
64.75
5Y
- -
71.84
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Jan 4, 2016
- CIK
- 0000083402
- Similar Companies
- Business
- Resource America, Inc. (REXI) operates as a specialized asset management company focused on real estate and credit investments; it evaluates, originates, services, and manages investment opportunities through its real estate, financial fund management, and commercial finance operating segments. The company offers commercial real estate ownership and management including multifamily and commercial properties, real estate mortgage loans such as whole loans, A-notes, B-notes, mezzanine loans, and distressed debt; financial fund management encompassing senior secured corporate loans or bank loans, trust preferred securities of financial institutions, and asset-backed securities; and commercial finance services including middle-market lending with first lien, second lien, unitranche, and mezzanine debt solutions. Resource America manages over $20 billion in gross assets, primarily through external management of one publicly traded REIT, four non-traded REITs, and other registered investment companies, with a focus on capital-raising via independent broker-dealer networks and operations spanning more than 20 U.S. states; founded in 1966 and headquartered in Philadelphia, Pennsylvania, it concentrates on value-added multifamily investments and secondary market opportunities for institutional and retail investors. In 2016, Resource America entered a definitive agreement to be acquired by C-III Capital Partners LLC for $9.78 per share in cash, totaling approximately $207 million, a transaction unanimously approved by its board following a strategic review and completed later that year, after which REXI was delisted from NASDAQ; its asset management businesses were retained and integrated into C-III's commercial real estate platform, marking a significant shift from public trading to private operations under C-III's broader suite of services including loan origination and property management.