News

Resource Capital Corp. Reports Results for Three Months Ended March 31, 2018 and Announces Name Change

Posted on 5/3/2018 by in Exantas Capital Corp.

Resource Capital Corp . (NYSE:RSO) ("RSO" or the "Company") reports results for the three months ended March 31, 2018. Significant Items and Highlights GAAP net loss allocable to common shares of $(0.40) per share-diluted for the three months ended

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Island Capital Affiliate Sells Its Interest in the Montauk Yacht Club Resort Marina

Posted on 5/1/2018 by in Island Capital Group

New York, N.Y., May 1, 2018 – Island Capital Group LLC (“Island Capital”), a leading international real estate merchant bank, today announced that an affiliate has sold its interest in the historic Montauk Yacht Club Resort & Marina on New York’s Long Island. Montauk Yacht Club’s marina and operations were managed by Island Global Yachting (“IGY”), one of the world’s premier owners, developers and managers of luxury marinas and yachting lifestyle destinations. The Seller was represented by Black Brick LLC.

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Resource Credit Income Fund Reaches Milestone Anniversary

Posted on 4/17/2018 by in Resource Credit Income Fund

Philadelphia, PA (April 17, 2018) – Today, Resource Credit Income Fund (the “Fund”), a closed-end interval fund managed by Resource Alternative Advisor, LLC (“Resource”), celebrates its third anniversary, distinguishing its track record in the credit interval fund universe.

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Resource Apartment REIT III, Inc. Purchases Tramore Village

Posted on 3/23/2018 by in Apartment REIT III

Philadelphia, PA (March 23, 2018) – On March 22, Resource Apartment REIT III, Inc. (the “REIT”), through a wholly owned subsidiary, completed the purchase of Tramore Village in Austell, Georgia. Built in 1999, the 324-unit community features numerous amenities, including two swimming pools, a fitness center, and a lighted tennis court. Tramore Village fronts the highly-trafficked East-West Connector, offering a quick commute to over 450,000 jobs and 25 million square feet of Class A office space along metropolitan Atlanta’s I-75 corridor.

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Resource Capital Corp. Declares Quarterly Cash Dividend for Common Stock

Posted on 3/20/2018 by in Exantas Capital Corp.

Resource Capital Corp. (NYSE:RSO) (the “Company”) announced today that its Board of Directors has declared a cash dividend of $0.05 per common share for the quarter ending March 31, 2018. The dividend will be paid on April 27, 2018 to holders of record on March 30, 2018

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Resource Capital Corp. Declares Quarterly Cash Dividend for Series C Preferred Stock

Posted on 3/20/2018 by in Exantas Capital Corp.

Resource Capital Corp. (NYSE:RSO) (the “Company”) announced today that it will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock for the period from January 31, 2018 through and including April 30,

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Resource Capital Corp. Reports Results for Three Months and Year Ended December 31, 2017

Posted on 3/7/2018 by in Exantas Capital Corp.

Resource Capital Corp. (NYSE:RSO) reports results for the three months and year ended December 31, 2017.

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Resource Capital Corp. Announces Full Redemption of its Outstanding 8.25% Series B Cumulative Redeemable Preferred Stock

Posted on 2/21/2018 by in Exantas Capital Corp.

Resource Capital Corp. (NYSE:RSO) (the “Company”) today announced that on March 26, 2018 (the “Redemption Date”) it will redeem all shares of its 8.25% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) outstanding on the

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Resource Apartment REIT III, Inc. Under Contract to Acquire Tramore Village; An Apartment Community in the Atlanta Metropolitan Area

Posted on 2/14/2018 by in Apartment REIT III

Philadelphia, PA (February 14, 2018) – On February 12, 2018, Resource Apartment REIT III, Inc. (the “Company”), through its operating partnership, entered into an agreement to purchase Tramore Village, a 324-unit apartment community located in Austell, Georgia, a fast-growing submarket of Atlanta.

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Resource Real Estate Diversified Income Fund (RREDX) Announces Quarterly Distribution

Posted on 1/18/2018 by in Resource Real Estate DIF

Philadelphia, PA (January 18, 2018) – Today, Resource Real Estate Diversified Income Fund (the “Fund,” ticker RREDX) announced its quarterly distribution of $0.15* per share as of December 31, 2017. This represents a 5.9 percent distribution, placing it in excess of the Fund’s target of 5 percent.** This is the nineteenth consecutive quarterly distribution that has exceeded the Fund’s target yield. The Fund began trading on March 12, 2013, and closed the quarter as of December 31, 2017 with an inception-to-date cumulative total return of 34.9 percent.

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