CII Capital Partners merges the best of both worlds with its recent acquisition of Resource America Inc. CII Capital Partners was already known as a top commercial real estate company and this deal is sure to make them stronger. The deal gives Resource America stockholders 207 million in cash or $9.78 per share. The company’s common stock is set to stop trading on September 8,2016.
CIII Capital believes that this deal will help to expand their platform allowing them to provide commercial real estate debt and equity solutions to both real estate investors and global institutions too. They now manage over 13 billion in assets and services and over 79 billion of commercial mortgage loans. They also take care of 57,000 apartment units located throughout the United States.
The Chairman and CEO, Andrew L. Farkas believes that this deal will put the company in an excellent position for future growth and they will be able to better serve their customers in a diverse and changing market. They will have the best of both worlds on this acquisition by it showcasing a diverse suite of commercial real estate services as well as many investment options under the same management company.
CII Capital oversees defaulted CMBS loans for over 130 CMBS trusts. They are headquartered in Irving, TX and have offices in New York, NY, Greenville, SC, and Nashville, TN. They are one of the largest special services of commercial mortgage backed securities in the United States. They will benefit from Resource America’s existing Capital raising infrastructure through their independent broker network.
They add to their amazing portfolio 1 publicly traded REIT, 4 non-traded REIT’s, and 2 registered investment companies. This deal expands their coverage and services in the commercial real estate debt management realm and helps to solidify their place at the top of the competition. Current clients of this company should not be worried about a drop in level of service or professionalism but should expect the same quality services as before this acquisition deal.…