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Resource Capital (RSO)Stock (REIT - Retail Industry, Real Estate Industry)Resource Capital Corp began operations as a REIT in March 2005. Resource Capital Corporation is a specialty finance company that is involved in commercial real estate assets and to a lesser extent commercial finance assets. The company invests in commercial real estate debt and other commercial finance assets. The company's investment strategy targets commercial real estate assets, commercial finance assets, and residential real estate and related assets. Commercial real estate assets include first mortgage loans, mezzanine debt, CMBS, and A-Notes. Commercial finance assets include senior corporate loans, asset backed securities, equipment leases, CDOs, and private equity investments. The company's residential real estate assets include investments in residential mortgage backed securities (RMBS). RSO earns money from the spread between revenues from assets less the cost to finance the assets. RSO is externally managed by Resource Capital Manager, which is a wholly owned subsidiary of Resource America (Nasdaq:REXI), an asset management company involved in financial fund management, real estate, and commercial finance. As of September 30, 2007, RSO had 75% of its equity capital invested in commercial real estate assets, 24% in commercial bank loans, and 1% in direct financing leases and notes.
Resource Capital2004 Data 2005 Data 2006 Data 2007 Data 2008 Data Most Recent Data Available [edit] References
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The Shelf
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