December 18, 2017 6:06 AM ET

Capital Markets

Company Overview of Resource America, Inc.

Company Overview

Resource America, Inc. operates as an asset management company. The company, through its subsidiaries, operates in three segments: Financial Fund Management; Real Estate; and Equipment Finance. The Financial Fund Management segment engages in the formation and collateral management of structured financial products and of issuers of collateralized debt obligations, such as trust preferred securities, asset backed securities, leveraged loans, private equity, commercial mortgage backed securities, residential mortgage backed securities, collateralized debt obligations, and home equity loans. The Real Estate segment focuses on the acquisition of multifamily properties on behalf of the limited pa...

Navy Yard Corporate Center

Suite 203

One Crescent Drive

Philadelphia, PA 19112

United States

Founded in 1966

704 Employees

Phone:

215-546-5005

Key Executives for Resource America, Inc.

Chief Executive Officer, President and Director
Age: 46
Chief Financial Officer and Executive Vice President
Age: 44
Chief Operating Officer and Executive Vice President
Age: 53
Senior Vice President and Chief Executive Officer of Resource Real Estate Inc
Age: 53
Chairman of Atlas Resources Inc., CEO of Atlas Resources&President of Atlas Resources
Age: 61
Compensation as of Fiscal Year 2017.

Resource America, Inc. Key Developments

Resource America, Inc. Files Form 15

Resource America, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.

Resource America To Be Delisted From NASDAQ

On September 8, 2016, Resource America, Inc. (“Resource America”) was acquired by C-III Capital Partners LLC (“C-III”), pursuant to the Agreement and Plan of Merger (the “merger agreement”), dated as of May 22, 2016, by and among Resource America, C-III and Regent Acquisition Inc., a wholly owned subsidiary of C-III (“merger sub”). Pursuant to the merger agreement, merger sub merged with and into Resource America, with Resource America continuing as the surviving entity and a wholly owned subsidiary of C-III (the “merger”). As a result of the merger, Resource America no longer fulfills the listing requirements of the NASDAQ Stock Market (the “NASDAQ”). On September 8, 2016, Resource America notified the NASDAQ that the transactions contemplated by the merger agreement had closed and that the merger was complete and requested that the NASDAQ suspend trading in shares of Company Stock and file with the SEC a notification of delisting of Company Stock on Form 25 under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As a result, the Company Stock is no longer listed on the NASDAQ. The Company intends to file with the SEC certifications on Form 15 under the Exchange Act to deregister the Company Stock under Section 12(g) of the Exchange Act and suspend the Company’s reporting obligations under Section 15(d) of the Exchange Act.

Resource America, Inc.(NasdaqGM:REXI) dropped from NASDAQ Composite Index

Resource America, Inc. has been removed from Nasdaq Composite Index.

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