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C-III Capital Partners Acquires Resource America

September 13, 2016

C-III Capital Partners Acquires Resource America

Under the transaction, Resource America stockholders will be entitled to receive $9.78 per share in cash, or a total of roughly $207 million.

September 12, 2016 | by Scott Baltic | Commercial Property Executive

Dallas—Leading CRE investment manager C-III Capital Partners LLC has completed its acquisition of Resource America Inc., both companies announced late last week. Common stock in Resource America (REXI) ceased trading on the NASDAQ last Thursday, Sept. 8.

Under the transaction, Resource America stockholders will be entitled to receive $9.78 per share in cash, or a total of about $207 million.

“This is a transformative acquisition for C-III,” chairman & CEO Andrew Farkas said in a prepared statement. “With our expanded platform, we are now able to provide commercial real estate debt and equity solutions to both institutions and retail investors.”

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More on Resource America on BlueVaultPartners.com

Resource America, Inc. Signs Definitive Agreement to Be Acquired by C-III Capital Partners LLC

Resource America, Inc. Closes Latest REIT Offering – Over Half a Billion Dollars Raised

 

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.