Resource Capital Corp. Reports Results for Three Months Ended March 31, 2012

FOR: RESOURCE CAPITAL CORP.

Posted: MAY 1, 2012 - 20:18 ET

NEW YORK, NY--(Marketwire - May 1, 2012) -

Highlights

Adjusted Funds from Operations ("AFFO") of $0.23 per share-diluted.
Common stock cash dividend of $0.20 per share.
Book value per share improved to $5.46 at March 31, 2012 from $5.38 at December 31, 2011.
GAAP net income of $0.18 per share-diluted.
Total revenues increased by $4.7 million, or 23% as compared to the three months ended March 31, 2011.
Provisions for loan losses decreased by 16% as compared to the three months ended March 31, 2011 and decreased 64% as compared to the three months ended December 31, 2011.
Cash on hand of $173.8 million at March 31, 2012, a decrease of $12.1 million from $185.9 million at December 31, 2011.

Resource Capital Corp. (NYSE: RSO) ("RSO" or the "Company"), a real estate investment trust, or REIT, whose investment strategy focuses on commercial real estate ("CRE") assets, commercial mortgage-backed securities ("CMBS"), commercial finance assets and other investments, reported results for the three months ended March 31, 2012.

AFFO for the three months ended March 31, 2012 was $18.6 million, or $0.23 per share-diluted. A reconciliation of GAAP net income to AFFO is set forth in Schedule I of this release.
GAAP net income for the three months ended March 31, 2012 was $14.5 million, or $0.18 per share-diluted as compared to $13.1 million, or $0.22 for the three months ended March 31, 2011.

Jonathan Cohen, CEO and President of Resource Capital Corp., commented, "During the first quarter, we closed $15.1 million of new real estate whole loans and committed to over $73.0 million of additional loans scheduled to close in the second quarter. Our commercial real estate loan pipeline remains strong, and we are committed to continuing and accelerating our lending activities going forward. Our core businesses performed well and we had $0.23 of AFFO and paid a $0.20 cash dividend while building book value through a balance sheet that includes assets we believe have appreciation prospects."

Additional highlights:

Commercial Real Estate

CRE loan portfolio is now comprised of approximately 87% senior whole loans as of March 31, 2012, as compared to 77% a year ago.
RSO closed $15.1 million of whole loans in the three months ended March 31, 2012 with a weighted average yield of 7.1%, as compared to $21.2 million with a weighted average yield of 6.4% originated during the three months ended March 31, 2011.
RSO has committed over $73 million for five new CRE whole loans that are expected to close in the second quarter of 2012 from an ongoing pipeline of potential CRE loan transactions of over $250 million.
In March 2012, a joint venture between RSO and an institutional partner focused on distressed real estate sold an investment with realized net cash proceeds and a net gain to RSO of $1.1 million.
RSO received paydowns on CRE loans of $904,000 for the three months ended March 31, 2012.

The following table summarizes RSO's CRE loan activities and fundings of previous commitments, at par, for the three months ended March 31, 2012 (in millions, except percentages):


	Three Months Ended March 31, 2012			12 Months Ended March 31, 2012			Floating Weighted Average Spread⁽¹⁾		Weighted Average Fixed Rate ⁽²⁾
Whole loans	$	15.1		$	129.0		3.32	%	9.67	%
Whole loans - future fundings ⁽³⁾		2.0			11.4
New loans production		17.1			140.4
Sale of real estate loans		-			(48.9	)
Payoffs		-			(36.0	)
Principal paydowns		(0.9	)		(7.0	)
Loans, net ⁽⁴⁾	$	16.2		$	48.5

⁽¹⁾		Represents the weighted average rate above the London Interbank Offered Rate ("LIBOR") on loans whose interest rate is based on LIBOR as of March 31, 2012. Of these new loans, $120.0 million have LIBOR floors with a weighted average floor of 3.21%.
⁽²⁾		Reflects rates on RSO's portfolio balance as of March 31, 2012.
⁽³⁾		Consists of fundings of previous commitments.
⁽⁴⁾		The basis of new net loans does not include provisions for losses on legacy CRE loans of $350,000 for the three months ended March 31, 2012.

CMBS Securities

During the three months ended March 31, 2012, RSO acquired $9.3 million, par value, of CMBS at a weighted average price of 101.4%. In addition, RSO acquired $7.1 million, at cost, of interest only CMBS at a weighted average price of 10.4%. All of these 2012 CMBS purchases were financed by RSO's Wells Fargo repurchase facility and were AAA rated by at least one rating agency.

Commercial Finance - Syndicated Bank Loans

RSO's bank loan portfolio, including asset-backed securities ("ABS") and certain loans held for sale, at the end of the first quarter of 2012 was $1.2 billion, at amortized cost, with a weighted-average spread of one-month and three-month LIBOR plus 3.32% at March 31, 2012. RSO's bank loan portfolio is 100% match-funded through four collateralized loan obligation ("CLO") issuances.
During the three months ended March 31, 2012, RSO bought bank loans through its four CLOs with a par value of $136.6 million, at a net discount of $2.6 million. These purchased loans have an aggregate weighted average unlevered annual yield of approximately 4.5%.
RSO, through its subsidiary Resource Capital Asset Management, earned $1.9 million of net fees during the three months ended March 31, 2012.

Book Value

As of March 31, 2012, RSO's book value per common share was $5.46, an increase from $5.38 per common share at December 31, 2011. Total stockholders' equity was $462.8 million as of March 31, 2012 as compared to $429.7 million as of December 31, 2011. Total common shares outstanding were 84,717,745 as of March 31, 2012 as compared to 79,877,516 as of December 31, 2011.

Investment Portfolio

The table below summarizes the amortized cost and net carrying amount of RSO's investment portfolio as of March 31, 2012, classified by interest rate and by asset type. The following table includes both (i) the amortized cost of RSO's investment portfolio and the related dollar price, which is computed by dividing amortized cost by par amount, and (ii) the net carrying amount of RSO's investment portfolio and the related dollar price, which is computed by dividing the net carrying amount by par amount (in thousands, except percentages):


			Amortized cost		Dollar price		Net carrying amount		Dollar price		Net carrying amount less amortized cost			Dollar price
March 31, 2012
Floating rate
RMBS			$	12,131	23.38	%	$	9,213	17.76	%	$	(2,918	)	-5.62	%
CMBS-private placement				28,216	100.00	%		11,213	39.74	%		(17,003	)	-60.26	%
Structured notes				26,872	42.36	%		34,088	53.73	%		7,216		11.37	%
Other ABS				-	0.00	%		23	0.28	%		23		0.28	%
Mezzanine loans ⁽¹⁾				53,915	99.98	%		53,108	98.48	%		(807	)	-1.50	%
Whole loans ⁽¹⁾				537,368	99.79	%		531,251	98.66	%		(6,117	)	-1.13	%
Bank loans ⁽²⁾				1,148,210	97.64	%		1,143,114	97.20	%		(5,096	)	-0.44	%
Loans held for sale				7,515	94.89	%		7,515	94.89	%		-		0.00	%
ABS Securities				29,973	88.76	%		28,746	85.13	%		(1,227	)	-3.63	%
	Total floating rate			1,844,200	94.00	%		1,818,271	92.67	%		(25,929	)	-1.33	%
Fixed rate
CMBS - private placement				144,970	73.98	%		141,795	72.36	%		(3,175	)	-1.62	%
B notes ⁽¹⁾				16,407	99.13	%		16,164	97.71	%		(243	)	-1.42	%
Mezzanine loans ⁽¹⁾				13,944	100.33	%		13,055	93.93	%		(889	)	-6.40	%
Whole loans ⁽¹⁾				6,982	99.74	%		6,982	99.74	%		-		0.00	%
Loans receivable-related party				9,429	100.00	%		9,429	100.00	%		-		0.00	%
	Total fixed rate			191,732	78.96	%		187,425	77.18	%		(4,307	)	-1.78	%
Other (non-interest bearing)
Investment in real estate				47,694	100.00	%		47,694	100.00	%		-		0.00	%
Investment in unconsolidated entities				48,171	100.00	%		48,171	100.00	%		-		0.00	%
	Total other			95,865	100.00	%		95,865	100.00	%		-		0.00	%
		Grand total	$	2,131,797	92.66	%	$	2,101,561	91.34	%	$	(30,236	)	-1.32	%

⁽¹⁾		Net carrying amount includes an allowance for loan losses of $8.1 million at March 31, 2012, allocated as follows: B notes ($0.3 million), mezzanine loans ($1.7 million) and whole loans ($6.1 million).
⁽²⁾		Net carrying amount includes an allowance for loan losses of $5.1 million at March 31, 2012.

Liquidity

At April 30, 2012, after paying RSO's first quarter dividend, RSO's liquidity of $127.9 million consisted of two primary sources:

unrestricted cash and cash equivalents of $21.2 million, restricted cash of $1.0 million in margin call accounts and $2.2 million in the form of real estate escrows, reserves and deposits; and
capital available for reinvestment in its six CDO entities of $103.5 million, of which $965,000 is designated to finance future funding commitments on CRE loans.

In addition, RSO has funds available through two CRE term facilities to finance the purchase of CMBS securities and to originate commercial real estate loans of $29.5 million and $150 million, respectively.

Capital Allocation

As of March 31, 2012, RSO had allocated its invested equity capital among its targeted asset classes as follows: 62% in CRE assets, 31% in commercial finance assets and 7% in other investments.

Supplemental Information

The following schedules of reconciliations or supplemental information as of and for the three months ended March 31, 2012 are included at the end of this release:

Schedule I - Reconciliation of GAAP Net Income to Funds from Operations ("FFO") and AFFO.
Schedule II - Summary of CDO and CLO Performance Statistics.
Supplemental Information regarding loan investment statistics, CRE loans and bank loans.

About Resource Capital Corp.

RSO is a diversified real estate finance company that is organized and conducts its operations to qualify as a REIT for federal income tax purposes. RSO's investment strategy focuses on CRE and CRE-related assets, and, to a lesser extent, commercial finance assets. RSO invests in the following asset classes: CRE-related assets such as commercial real estate property, whole loans, A-notes, B-notes, mezzanine loans, CMBS and investments in real estate joint ventures as well as commercial finance assets such as bank loans, lease receivables, other asset-backed securities, trust preferred securities, debt tranches of CDOs, structured note investments, and private equity investments principally issued by financial institutions.

RSO is externally managed by Resource Capital Manager, Inc., an indirect wholly-owned subsidiary of Resource America, Inc. (NASDAQ: REXI), 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 RSO's website at www.resourcecapitalcorp.com or contact investor relations at pkamdar@resourceamerica.com.

Safe Harbor Statement

Statements made in this release may include forward-looking statements, which involve substantial risks and uncertainties. RSO's actual results, performance or achievements could differ materially from those expressed or implied in this release. The risks and uncertainties associated with forward-looking statements contained in this release include those related to:

fluctuations in interest rates and related hedging activities;
the availability of debt and equity capital to acquire and finance investments;
defaults or bankruptcies by borrowers on RSO's loans or on loans underlying its investments;
adverse market trends which have affected and may continue to affect the value of real estate and other assets underlying RSO's investments;
increases in financing or administrative costs; and
general business and economic conditions that have impaired and may continue to impair the credit quality of borrowers and RSO's ability to originate loans.

For further information concerning these and other risks pertaining to the forward-looking statements contained in this release, and to the general risks to which RSO is subject, see Item 1A, "Risk Factors" included in its Annual Report on Form 10-K and the risks expressed in other of its public filings with the Securities and Exchange Commission.

RSO cautions you not to place undue reliance on any forward-looking statements contained in this release, which speak only as of the date of this release. All subsequent written and oral forward-looking statements attributable to RSO or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, RSO undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this filing or to reflect the occurrence of unanticipated events.

The remainder of this release contains RSO's unaudited consolidated balance sheets, unaudited consolidated statements of income, reconciliation of GAAP net income to FFO and AFFO and a summary of CDO and CLO performance statistics and supplemental information regarding RSO's CRE loan and bank loan portfolios.


RESOURCE CAPITAL CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)

			March 31,			December 31,
			2012			2011
			(unaudited)
ASSETS
	Cash and cash equivalents		$	37,562		$	43,116
	Restricted cash			136,211			142,806
	Investment securities, trading			43,301			38,673
	Investment securities available-for-sale, pledged as collateral, at fair value			174,834			153,366
	Investment securities available-for-sale, at fair value			6,943			4,678
	Property available-for-sale			1,934			2,980
	Investment in real estate			47,694			48,027
	Loans, pledged as collateral and net of allowances of $13.2 million and $27.5 million			1,763,674			1,772,063
	Loans held for sale			7,515			3,154
	Loans receivable-related party			9,429			9,497
	Investments in unconsolidated entities			48,171			47,899
	Dividend reinvestment plan proceeds receivable			8,000			-
	Interest receivable			9,452			8,836
	Deferred tax asset			626			626
	Intangible assets			18,831			19,813
	Other assets			4,249			4,093
		Total assets	$	2,318,426		$	2,299,627
LIABILITIES
	Borrowings		$	1,801,909		$	1,808,986
	Distribution payable			17,000			19,979
	Accrued interest expense			5,265			3,260
	Derivatives, at fair value			13,304			13,210
	Accrued tax liability			5,478			12,567
	Deferred tax liability			5,624			5,624
	Accounts payable and other liabilities			7,086			6,311
		Total liabilities		1,855,666			1,869,937
STOCKHOLDERS' EQUITY
	Preferred stock, par value $0.001: 100,000,000 shares authorized; no shares issued and outstanding			-			-
	Common stock, par value $0.001: 500,000,000 shares authorized; 84,717,745 and 79,877,516 shares issued and outstanding (including 1,656,273 and 1,428,931 unvested restricted shares)			85			80
	Additional paid-in capital			684,721			659,700
	Accumulated other comprehensive loss			(35,765	)		(46,327	)
	Distributions in excess of earnings			(186,281	)		(183,763	)
		Total stockholders' equity		462,760			429,690
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			$	2,318,426		$	2,299,627

RESOURCE CAPITAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except share and per share data)
(Unaudited)

				Three Month Ended March 31,
				2012			2011
REVENUES
	Interest income:
		Loans		$	23,615		$	21,250
		Securities			3,584			2,760
		Interest income - other			2,829			1,219
			Total interest income		30,028			25,229
	Interest expense				8,443			6,933
		Net interest income			21,585			18,296
		Rental income			1,919			23
		Dividend income			-			661
		Fee income			1,862			1,646
	Total revenues				25,366			20,626

OPERATING EXPENSES
	Management fees - related party				3,443			2,338
	Equity compensation - related party				868			460
	Professional services				1,352			919
	Insurance				158			177
	Rental operating expense				1,320			145
	General and administrative				1,063			800
	Depreciation and amortization				1,361			253
	Income tax expense				2,615			1,809
		Total operating expenses			12,180			6,901
					13,186			13,725

OTHER REVENUE (EXPENSE)
	Impairment losses on real property held for sale				(139	)		-
	Net realized gain on investment securities available-for-sale and loans				380			156
	Net realized and unrealized gain on investment securities, trading				2,144			1,806
	Provision for loan losses				(2,178	)		(2,606	)
	Other income				1,088			61
		Total other revenue (expense)			1,295			(583	)

NET INCOME				$	14,481		$	13,142

NET INCOME PER SHARE - BASIC				$	0.18		$	0.22

NET INCOME PER SHARE - DILUTED				$	0.18		$	0.22

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC					81,201,791			60,147,820

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - DILUTED					81,892,987			60,397,630

DIVIDENDS DECLARED PER SHARE				$	0.20		$	0.25

SCHEDULE I


RESOURCE CAPITAL CORP. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME TO FFO and AFFO ⁽¹⁾
(in thousands, except per share data)
(unaudited)
		Three Months Ended
		March 31,
		2012 ⁽³⁾
Net income - GAAP		$	14,481
Adjustments:
	Real estate depreciation and amortization		710
	Gains on sales of joint venture real estate interests ⁽²⁾		(1,087	)
FFO ⁽¹⁾			14,104
Adjustments:
Non-cash items:
	Impairment losses on real property held for sale		139
	Provisions for loan losses		1,584
	Straight line rental adjustments		8
	Share-based compensation		868
	Amortization of deferred costs (non real estate) and intangible assets		1,655
Cash items:
	Gains on sales of joint venture real estate interests ⁽²⁾		1,087
	Capital expenditures		(803	)
AFFO ⁽¹⁾		$	18,642
Weighted average shares - diluted			81,893
AFFO per share - diluted		$	0.23

⁽¹⁾		RSO currently evaluates its performance based on several performance measures, including FFO and AFFO (both non-GAAP measures), in addition to net income. RSO computes FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts as net income (computed in accordance with GAAP), excluding gains or losses on the sale of depreciable real estate, the cumulative effect of changes in accounting principles, real estate-related depreciation and amortization, and after adjustments for unconsolidated/uncombined partnerships and joint ventures.

		AFFO is a computation made by analysts and investors to measure a real estate company's cash flow generated by operations. RSO calculates AFFO by adding or subtracting from FFO: non-cash impairment losses resulting from fair value adjustments on financial instruments, non-cash provision for loan losses, straight-line rental effects, share based compensation, amortization of various deferred items and intangible assets, gains on sales of property through a joint venture and capital expenditures that are related to RSO's real estate owned.

		Management believes that FFO and AFFO are appropriate measures of RSO's operating performance in that they are frequently used by analysts, investors and other parties in the evaluation of REITs. Management uses FFO and AFFO as measures of RSO's operating performance, and believes they are also useful to investors, because they facilitate an understanding of RSO's operating performance after adjustment for certain non-cash items, such as real estate depreciation, share-based compensation and various other items required by GAAP, and capital expenditures, that may not necessarily be indicative of current operating performance and that may not accurately compare RSO's operating performance between periods.

		While RSO's calculation of AFFO may differ from the methodology used for calculating AFFO by other REITs and its AFFO may not be comparable to AFFO reported by other REITs, RSO also believes that FFO and AFFO may provide it and its investors with an additional useful measure to compare its performance with some other REITs. Neither FFO nor AFFO is equivalent to net income or cash generated from operating activities determined in accordance with GAAP. Furthermore, FFO and AFFO do not represent amounts available for management's discretionary use because of needed capital replacement or expansion, debt service obligations or other commitments or uncertainties. Neither FFO nor AFFO should be considered as an alternative to net income as an indicator of RSO's operating performance or as an alternative to cash flow from operating activities as a measure of its liquidity.

⁽²⁾		Amount represents gains on sales of joint venture real estate interests from a joint venture recorded by RSO.

⁽³⁾		Comparative FFO and AFFO data is not provided since RSO did not own depreciable real property during the comparable period in 2011.

SCHEDULE II


RESOURCE CAPITAL CORP. AND SUBSIDIARIES
SUMMARY OF CDO AND CLO PERFORMANCE STATISTICS
(in thousands)
(unaudited)

Collateralized Debt Obligations - Distributions and Coverage Test Summary

The following table sets forth cash distributions from RSO's CDO investments and a summary of coverage test compliance for the CDO issuers for the periods presented:

						Annualized
						Interest
		Cash				Coverage		Overcollateralization
		Distributions				Cushion		Cushion
		Year Ended		Three Months
		December		Ended		As of		As of		As of Initial
		31,		March 31,		March 31,		March 31,		Measurement
Name	CDO Type	2011 ⁽¹⁾		2012 ⁽¹⁾		2012 ⁽²⁾⁽³⁾		2012 ⁽⁴⁾		Date
		(actual)		(actual)
Apidos CDO I ⁽⁵⁾	CLO	$	9,305	$	2,089	$	9,951	$	13,685	$	17,136
Apidos CDO III	CLO	$	8,351	$	2,114	$	4,101	$	9,450	$	11,269
Apidos Cinco CDO	CLO	$	9,941	$	2,451	$	4,972	$	17,971	$	17,774
Apidos CLO VIII⁽⁶⁾	CLO	$	-	$	-	$	4,049	$	13,657	$	13,657
RREF 2006-1⁽⁷⁾	CRE CDO	$	11,637	$	3,289	$	11,714	$	56,406	$	24,941
RREF 2007-1	CRE CDO	$	10,743	$	2,969	$	10,830	$	39,825	$	26,032

⁽¹⁾		Distributions on retained equity interests in CDOs (comprised of note investment and preference share ownership).
⁽²⁾		Interest coverage includes annualized amounts based on the most recent trustee statements.
⁽³⁾		Interest coverage cushion represents the amount by which annualized interest income expected exceeds the annualized amount payable on all classes of CDO notes senior to RSO's preference shares.
⁽⁴⁾		Overcollateralization cushion represents the amount by which the collateral held by the CDO issuer exceeds the maximum amount required.
⁽⁵⁾		Apidos CDO I reinvestment period expired in July 2011.
⁽⁶⁾		Apidos CLO VIII, which closed in October 2011, had its first distribution in April 2012; RSO's share was $1.1 million.
⁽⁷⁾		RREF CDO 2006-1 reinvestment period expired in September 2011.

RESOURCE CAPITAL CORP. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
(in thousands, except percentages)
(unaudited)

Loan Investment Statistics

The following table presents information on RSO's impaired loans and related allowances for the periods indicated (based on amortized cost):

				March 31,			December 31,
				2012			2011
Allowance for loan losses:
	Specific allowance:
		Commercial real estate loans		$	600		$	17,065
		Bank loans			2,499			1,593
			Total specific allowance ⁽¹⁾		3,099			18,658
	General allowance:
		Commercial real estate loans			7,456			7,156
		Bank loans			2,598			1,704
			Total general allowance		10,054			8,860
	Total allowance for loans and leases			$	13,153		$	27,518
	Allowance as a percentage of total loans				0.7	%		1.5	%

Loans held for sale:
	Commercial Real Estate Loans:
		Commercial real estate loans at cost		$	-		$	-
		Commercial real estate loans provision			-			-
			Commercial real estate loans held for sale		-			-
	Bank Loans:
		Bank loans at cost			7,920			5,692
		Bank loans provision			(405	)		(2,538	)
			Bank loans held for sale		7,515			3,154
Loans held for sale				$	7,515		$	3,154

⁽¹⁾		Includes allowances on the following specifically reserved assets: commercial real estate loans of $0.6 million, at par, and bank loans of $5.6 million, at par.

RESOURCE CAPITAL CORP. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
(unaudited)

The following table presents commercial real estate loan portfolio statistics as of March 31, 2012 (based on par value):

Security type:
	Whole loans		86.6	%
	Mezzanine loans		10.8	%
	B Notes		2.6	%
		Total	100.0	%

Collateral type:
	Multifamily		37.4	%
	Hotel		27.4	%
	Retail		18.2	%
	Office		9.0	%
	Flex		1.1	%
	Self-storage		1.0	%
	Other		5.9	%
		Total	100.0	%

Collateral location:
	Southern California		27.4	%
	Northern California		13.7	%
	Arizona		9.0	%
	Florida		8.1	%
	Colorado		6.2	%
	Texas		6.1	%
	Washington		4.8	%
	New York		1.6	%
	Other		23.1	%
		Total	100.0	%

RESOURCE CAPITAL CORP. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
(unaudited)

The following table presents bank loan portfolio statistics by industry as of March 31, 2012 (based on par value):

Industry type:
	Healthcare, education and childcare		14.0	%
	Diversified/conglomerate service		10.0	%
	Broadcasting and entertainment		7.5	%
	Automobile		7.1	%
	Chemicals, plastics and rubber		5.5	%
	Retail Stores		5.0	%
	Electronics		4.5	%
	Telecommunications		4.3	%
	Hotels, motels, inns and gaming		4.1	%
	Leisure, amusement, motion pictures, entertainment		3.8	%
	Printing and publishing		3.1	%
	Personal transportation		3.1	%
	Other		28.0	%
		Total	100.0	%

CONTACT:
DAVID J. BRYANT
CHIEF FINANCIAL OFFICER
RESOURCE CAPITAL CORP.
712 Fifth Ave, 12^TH Floor
New York, NY 10019
212-506-3870

Jobs

Homes

All Listings

Copyright © by the El Paso Times and MediaNews Group and/or wire services and suppliers.
None of the content on this site may be republished or reused in any way without the written permission of the copyright holder.