Resource Real Estate ("RRE") has an ownership interest in and manages real estate portfolios with an aggregate value of over $1.7 billion, which includes approximately 15,000 apartment units and 1.3 million square feet of commercial space located throughout the United States.

Resource Real Estate is currently focused on acquiring income generating multifamily residential rental properties and debt investments that are secured by multifamily residential properties in markets across the country with real estate and demographic fundamentals thatmeet our investment strategy. Typical property acquisitions range in size from $10 million to $60 million, and investments can be structured as outright purchases, joint ventures or as preferred equity.

Resource Real Estate employs an entrepreneurial approach to its acquisitions and an institutional approach to asset management. Our acquisition and asset management methodologies are built upon extensive real estate expertise, access to capital, strong industry relationships and the ability to successfully execute complex transactions in a timely and disciplined manner.

Resource Real Estate is a wholly owned subsidiary of Resource America, Inc., a publicly traded company (NASDAQ: REXI). Resource America is a specialized asset management company that uses industry specific expertise to generate investment opportunities for its own account, institutional investors and individuals. As of June 30th, 2008, in the aggregate, Resource America has an ownership interest in or manages over $18.8 billion of real estate and financial service assets.