Resource Real Estate ("RRE") has an ownership interest in and manages a real estate portfolio with an aggregate value of over $1.7 billion, which includes over 17,000 apartment units and 1.2 million square feet of commercial space located throughout the United States. RRE has over 350 employees across the United States with primary offices in Philadelphia, New York, Los Angeles, Denver and Omaha.

RRE employs an entrepreneurial approach to its acquisitions and an institutional approach to asset and property management. Our acquisition and 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.

RRE has extensive experience dealing with a wide array of equity and debt real estate investments in the multifamily, office, retail and hotel sectors. RRE's main areas of operation are acquisitions, asset management, property management, restructuring, legal, accounting, information technology and dispositions.

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 December 31, 2008, in the aggregate, Resource America has an ownership interest in or manages over $17.5 billion of real estate and financial service assets.