Resource Real Estate Opportunity REIT Declares Cash Distributions
PHILADELPHIA--(BUSINESS WIRE)-- On March 22, 2013, the board of directors of Resource Real Estate Opportunity REIT (the “Company”) authorized three separate cash distributions each in the amount of $0.025 per share of common stock, $0.01 par value per share (“Common Stock”), to stockholders of record as of the close of business on April 30, 2013, May 31, 2013 and June 28, 2013. The Company expects to pay these distributions on May 1, 2013, June 3, 2013 and July 1, 2013, respectively. All distributions will be paid in cash or, for investors enrolled in our distribution reinvestment plan, reinvested in additional shares of Common Stock.
About Resource Real Estate
Resource Real Estate is a national real estate firm specializing in direct investments, commercial real estate lending and global real estate securities. Resource Real Estate has a long history of investing in, managing and resolving complex real estate investments.
Since 1991, Resource Real Estate and its affiliates have acquired, managed and harvested real estate assets for institutional and individual investors, joint venture partnerships as well as its own account. Resource Real Estate owns and manages a real estate portfolio with an aggregate value of approximately $1.7 billion, which includes over 24,000 apartment units. Headquartered in Philadelphia, Resource Real Estate has approximately 600 industry professionals with additional offices located in New York City, Los Angeles, Denver and Omaha.
Resource Real Estate is a wholly owned subsidiary of Resource America, Inc. (Nasdaq: REXI ) , a specialized asset manager. As of December 31, 2012, Resource America managed over $15 billion across various asset classes.
Gregory FCA for Resource Real Estate
Jimmy Moock, 610-228-2125
Marianne McGuire, 267-256-5964
Director of Marketing at Resource Real Estate
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