On August 14, 2013, the board of directors of Resource Real Estate
Opportunity REIT (the “Company”) authorized a stock distribution of
0.005 shares of common stock, or 0.5 percent of each outstanding share
of common stock, to the stockholders of record at the close of business
on September 30, 2013. This stock distribution is to be issued on
October 15, 2013.
For stockholders of record on each of the distribution record dates
during 2013, the combination of cash and stock distributions declared by
the Company in the first nine months of 2013 equates to a 6.0 percent
annualized rate based on a purchase price of $10.00 per share.
About Resource Real Estate
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 and
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 $1.9 billion. RRE is a wholly owned subsidiary of Resource
America (NASDAQ: REXI). As of June 30, 2013, Resource America
managed $16.1 billion across various asset classes.
Copyright Business Wire 2013