Resource Real Estate Opportunity REIT Declares Cash Distributions
PHILADELPHIA--(BUSINESS WIRE)-- On July 9, 2013, the board of directors of Resource Real Estate Opportunity REIT (the "Company") authorized three separate cash distributions each in the amount of $0.033 per share of common stock, $0.01 par value per share ("Common Stock"), to stockholders of record as of the close of business on July 31, 2013, August 30, 2013 and September 30, 2013. The Company expects to pay these distributions on August 1, 2013, September 3, 2013 and October 1, 2013, respectively. All distributions will be paid in cash or, for investors enrolled in our distribution reinvestment plan, reinvested in additional shares of Common Stock.
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, London, Singapore as well as its headquarters in Philadelphia and additional locations across the U.S.
RRE owns and manages real estate assets with an aggregate value of approximately $1.8 billion. RRE is a wholly owned subsidiary of Resource America (NAS: REXI) . As of March 31, 2013, Resource America managed $15.3 billion across various asset classes.
Gregory FCA for Resource Real Estate
Resource Real Estate
Director of Marketing
KEYWORDS: United States North America Pennsylvania
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