NEW YORK, NY--(Marketwire - November 18, 2010) - Resource Capital Corp. (
Dave Bloom, Senior Vice President of Real Estate Investments, commented, "We are very excited to be originating new loans again and to be participating in the real estate recovery. RSO is well capitalized and we are excited to be utilizing our national origination platform to be writing new loans. RSO has a full forward pipeline of transactions and looks forward to being an active capital provider for real estate sponsors and creating customized financing solutions for our borrowers."
About Resource Capital Corp.
Resource Capital Corp. is a commercial real estate specialty finance company that qualifies as a real estate investment trust, or REIT, for federal income tax purposes. RSO's investment strategy focuses on commercial real estate-related assets and, to a lesser extent, higher-yielding commercial finance assets. RSO invests in the following asset classes: commercial real estate-related assets such as whole loans, A-notes, B-notes, mezzanine loans, mortgage-related securities and real estate joint ventures, and commercial finance assets such as other asset-backed securities, senior secured corporate loans, lease receivables, trust preferred securities, structured notes and debt tranches of collateralized debt obligations.
RSO is externally managed by Resource Capital Manager, Inc., an indirect wholly owned subsidiary of Resource America, Inc. (
For more information, please visit the Company's website at http://www.resourcecapitalcorp.com or contact investor relations at pkamdar@resourceamerica.com.
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Resource Capital Corp.