C-III acquires Resource America

A major change has occurred in the real estate market. Recently, Resource America announced that it would be sold to C-III Capital Partners. C-III is a commercial real estate services company that engages in several different business activities. They issue special and primary loans, the manage funds, they invest, and they participate in multifamily property management. Their business is extremely lucrative, and Resource America will be an amazing addition to the C-III portfolio. Resource America was bought for just $9.78 a share, for a total of $207 million. Resource America’s Board carefully considered the bid and unanimously agreed to the bid. The price per share was more than reasonable, and their investors should be extremely happy. C-III should benefit considerably from adding Resource America to their business. Resource America was known for asset management, and they had a huge portfolio. The currently manage an REIT, four non-traded REITs, and a couple other investment companies. They were talented at raising capital via their independent broker-dealer network. Currently, C-III manages $3.8 billion for their institutional investors. Their mortgage origination business has created $4.5 billion worth of commercial real estate loans since 2010. This company is a major player in the real estate market. The leadership of Resource America was extremely pleased with the transaction. Jonathan Z. Cohen, the President of Resource America, was extremely proud of the value that they received for their shareholders. He feels that this deal will position the companies to make money for years to come. He feels that the company should continue making quality investment products for several years to come. The leadership at C-III was...