Resource Real Estate Crosses $100 Million Mark in Distressed Real Estate Investments

PHILADELPHIA, PA, Oct 29 (MARKET WIRE) --
Resource America, Inc. (NASDAQ: REXI) (the "Company"), today provided an
update on the distressed real estate activities of Resource Real Estate,
Inc. ("RRE"), its real estate asset management subsidiary. RRE manages a
total of approximately $1.7 billion as of June 30, 2009, and is focusing
its current efforts on distressed real estate investment opportunities as
well as managing a portfolio of 17,000 multi-family units on a nationwide
basis.

RRE has been active in distressed real estate since 1991. After several
years of managing previous distressed investments, it began seeking new
investment opportunities for distressed real estate in late 2007 and -- as
of this week -- it has invested approximately $110 million dollars of
equity with institutional partners and through other programs.

RRE is generally paid management fees and incentive fees for managing
these distressed investments. On average through the various ventures and
programs that it manages in this area, RRE receives at least 1% per year
of the gross assets under management as an asset management fee, and
typically earns at least 20% of the profits of the investments if they
exceed 12%. RRE also earns certain acquisition, property management,
debt placement and other fees which differ between programs and assets.

RRE's Chief Executive Officer Alan Feldman said, "We are pleased to have
now invested over $100 million of equity in distressed assets in this
cycle. The dislocations in the current real estate and credit markets,
combined with the frothy lending climate of the last few years, suggest
that we are in the early phase of commercial real estate distress and we
expect to capitalize on it."

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
commercial finance, real estate and financial fund management sectors. For
more information please visit our website at www.resourceamerica.com or
contact Marketing and Investor Relations at pkamdar@resourceamerica.com.

Certain matters discussed within this press release are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Although the Company believes the expectations reflected in
such forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained. Factors that
could cause actual results to differ materially from expectations include
financial performance, regulatory changes, changes in local or national
economic conditions and other risks detailed from time to time in the
Company's reports filed with the SEC, including quarterly reports on Form
10-Q, reports on Form 8-K and annual reports on Form 10-K. The Company
undertakes no obligation to update or revise any forward looking statement
to reflect new or changing information or events.

For more information:
Resource America, Inc.
www.resourceamerica.com
Marketing and Investor Relations
pkamdar@resourceamerica.com

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