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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.”
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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