C-III Capital Partners LLC Completes Acquisition of Resource America, Inc.

New York, NY- September 8, 2016— C-III Capital Partners LLC (“C-III”), a leading commercial real estate investment management company, announced today that it has successfully completed its acquisition of Resource America, Inc. (NASDAQ: REXI) (“Resource America”) as of September 8, 2016.

Pursuant to the transaction, Resource America stockholders will be entitled to receive $9.78 per share in cash, or a total of approximately $207 million. Resource America’s common stock will cease trading on the NASDAQ effective September 8, 2016.

“This is a transformative acquisition for C-III,” said Andrew L. Farkas, Chairman and CEO of C-III. “With our expanded platform, we are now able to provide commercial real estate debt and equity solutions to both institutions and retail investors. Today, we are well-positioned for further growth and to better serve the needs of our clients, and as well as those of the evolving commercial real estate industry.”

The combination of C-III and Resource America draws on the best of both legacy organizations to create a diverse suite of commercial real estate services with a broad platform of investment products. C-III’s expanded platform now manages in excess of $13 billion in assets, is the named special servicer for $79 billion of commercial mortgage loans and manages over 57,000 apartment units across the U.S. Through the acquisition of Resource America, C-III adds one publicly traded REIT (Resource Capital Corp.; NYSE: RSO), four non-traded REITs and two other registered investment companies to its portfolio, and will be able to leverage Resource America’s existing capital-raising infrastructure through the independent broker-dealer network.

Current clients of C-III’s commercial mortgage servicing, commercial real estate lending, investment management, property management and real estate brokerage subsidiaries will continue to receive the same level of high-caliber service.

About C-III Capital Partners LLC

C-III Capital Partners LLC is a leading real estate investment management and commercial property services company engaged in a broad range of activities. As one of the largest special servicers of commercial mortgage backed securities in the U.S., C-III utilizes its real estate expertise to resolve defaulted CMBS loans for over 130 CMBS trusts comprising $79 billion of commercial real estate loans. C-III manages approximately $4 billion in funds and structured product vehicles that focus on commercial real estate equity and debt investments, including nine real estate debt funds, four real estate equity funds, one hybrid debt and equity fund and a private REIT, along with CRE-CDOs and ReREMICs. In addition, since its founding in 2010, C-III has originated $5.2 billion in mortgages and manages funds that have acquired approximately $10 billion face amount of CMBS bonds. Through U.S. Residential, its wholly-owned subsidiary, C-III manages over 40,000 multifamily units nationwide. With the NAI Global brand also owned by C-III, the company’s member firms have more than 375 offices worldwide, with over 6,700 professionals, managing over 380 million square feet of property. C-III’s online marketplace, Real Capital Markets, has closed $1.7 trillion in real estate asset and loan sales since inception in 1999. C-III is headquartered in Irving, TX, and has additional offices in New York, NY, Greenville, SC, and Nashville, TN.

About Resource America, Inc.

Resource America, Inc. is an asset management company that specializes in real estate and credit investments. The Company’s objective is to be best in class among asset managers in the real estate and credit sectors as measured by returns to investors and the quality of the funds and businesses it manages. Resource America’s investments emphasize consistent value and long-term returns with an income orientation. Resource America has approximately $9 billion in assets under management as of June 30, 2016, and manages approximately 17,000 multifamily units in more than 20 states. It has raised approximately $1.4 billion in the aggregate through the independent broker-dealer network, including $635 million in capital for Resource Real Estate Opportunity REIT and $556 million for Resource Real Estate Opportunity REIT II. For more information please visit the company’s website at www.resourceamerica.com or contact Marketing and Investor Relations at pkamdar@resourceamerica.com.

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