PHILADELPHIA--(BUSINESS WIRE)--Resource Real Estate (RRE), a subsidiary of Resource America (NASDAQ: REXI), has appointed Scott Crowe, Managing Director, to lead its newly formed real estate securities unit. Crowe joins RRE after serving as global real estate portfolio manager at Cohen & Steers, where he was responsible for more than $10 billion in institutional funds under management and led a team of more than 20 portfolio managers and analysts in New York, London and Hong Kong.
“Scott's deep understanding of global real estate securities and institutional investors will enable Resource America and Resource Real Estate to grow its existing $15 billion AUM. As former global head of real estate equity research at UBS, overseeing offices in Australia, London and New York, Scott brings global perspective to our real estate securities platform,” asserts Alan Feldman, CEO of Resource Real Estate.
“I’m thrilled to join a true real estate organization, where the leadership has worked together for more than two decades in creating a discipline for successful investing. Our collective vision is to build a world-class real estate securities platform to provide investment solutions for both institutional and mutual fund investors globally,” states Crowe.
Resource Real Estate and its parent have offices in New York, Los Angeles, London, Singapore as well as its headquarters in Philadelphia and additional locations across the U.S.
“Global investors seeking real estate opportunities through investing in public real estate investment trusts (REITs) will appreciate Resource Real Estate’s collective expertise across direct real estate investments, loan originations, CMBS investing, property and asset management and now public REIT investing. Our deep understanding of each real estate region and sector combined with Scott’s experience investing in global securities will allow us to provide superior portfolio management to both our institutional and mutual fund investors,” explains Resource Real Estate’s Executive Vice President Kevin Finkel.
Those interested in learning more about Resource Real Estate’s securities platform can call Scott Crowe at +1 (212) 506-3871 or email him at STCrowe@resourcerei.com for more information.
About Resource Real Estate
Resource Real Estate is a real estate firm specializing in direct real estate investments, commercial lending and CMBS securities. Resource Real Estate has a long history of investing, managing and resolving complicated and distressed real estate investments.
Resource Real Estate currently has an ownership interest in and manages a real estate portfolio with an aggregate value of approximately $1.7 billion, which includes approximately 24,000 apartment units and more than 500,000 square feet of office, retail, industrial and hotel space located throughout the United States. Resource Real Estate has over 525 employees and is a wholly owned subsidiary of Resource America, Inc. (NASDAQ: REXI). As of June 30, 2012, Resource America had $15 billion in assets under management.
About Resource America
Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the real estate, financial fund management and commercial finance sectors. For more information please visit our website at www.resourceamerica.com or contact Marketing and Investor Relations at pkamdar@resourceamerica.com.