September 9, 2016
C-III Capital Partners LLC, best known as a special servicer of commercial mortgage backed securities, acquired Resource America Inc. The Irving, TX-based company paid approximately $207 million for Resource America, which no longer trades on NASDAQ.
Resource America is an asset management company, specializing in real estate and credit investments. The acquisition means C-III manages in excess of $13 billion in assets, and is a special servicer for $79 billion of commercial mortgage loans. The investment also brings one publicly traded REIT, four non-traded REITs and two additional registered investment companies into the C-III group.
“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.”
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