Resource Capital Corp. (NYSE:RSO) is a REIT that focuses on originating, underwriting, and investing in transitional commercial real estate loans, or bridge loans. While it is not categorized as an mREIT, it does have very similar characteristics. It provides financing primarily to borrowers in multi-family, office, retail, and hotel properties. It is externally managed by Resource Capital Manager Inc., a subsidiary of Resource America Inc., which manages over $17 billion in assets within comparable sectors as of 12/31/2013.
RSO generates income from the spread between revenues received from assets and the cost to finance the purchase of those assets. Revenues are generated from the interest and fees on whole loans, A notes, B notes, mezzanine debt, commercial mortgage-backed...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|