Resource Real Estate Opportunity REIT Earns $11.9 Million Profit on Successful Property Sale

Resource Real Estate Opportunity REIT, Inc. (“Opportunity REIT”), a non-traded real estate investment trust sponsored by Resource Real Estate, Inc. (“Resource Real Estate” or “RRE”), today announced the successful sale of The Redford Apartments, an 856-unit multifamily residential community located in Houston, Texas.

Originally acquired in March 2012, The Redford benefited from RRE’s value-add strategy, professional management and capital infusion. As a result, The Redford was transformed into an optimized property that attracted a strong group of buyers. The sale of The Redford resulted in a cash profit of $11.9 million, and an average annual return of 15.5 percent.

Kevin Finkel, President and COO of the Opportunity REIT, notes, “We are very pleased with the physical and financial transformation that this property went through since we acquired it. The successful execution of the sale is beneficial for our investors and a strong indicator that our strategy continues to be validated.”

About Resource Real Estate Opportunity REIT

Resource Real Estate Opportunity REIT acquires and operates a portfolio of multifamily real estate throughout the United States. Opportunity REIT’s objectives are to provide capital preservation, current income and capital appreciation. Opportunity REIT is sponsored by Resource Real Estate, Inc., a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. Resource Real Estate is a wholly owned subsidiary of Resource America (NASDAQ: REXI).

About Resource Real Estate

Resource Real Estate (RRE) is a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. For over two decades, RRE and its affiliates have managed real estate assets for institutional and individual investors. RRE and its parent company have offices in New York, Los Angeles, Denver, London, Singapore, Sydney as well as its headquarters in Philadelphia and additional locations across the US.

RRE owns and manages real estate assets with an aggregate value of approximately $3.1 billion. RRE is a wholly owned subsidiary of Resource America (NASDAQ: REXI). As of September 30, 2014, Resource America managed $19.4 billion across various asset classes.