NEW YORK, NY -- (Marketwired) -- 06/05/14 -- Resource Capital Corp. (NYSE: RSO) (the "Company") announced that its RSO 2013-CRE1, a $307.8 million CLO that closed in December of 2013, has been nominated as the Best CMBS of 2013 by GlobalCapital. The Company was also nominated by the same publication as the Best CMBS Issuer of 2013. RSO 2013-CRE1, is the securitization of a pool of floating rate commercial real estate first mortgage loans originated by wholly-owned subsidiaries of the Company. GlobalCapital, formerly known as EuroWeek, is a publication that covers capital market news, data and opinions internationally and is a publication of Euromoney Institutional Investor. The other transactions nominated for the Best CMBS of 2013 are Vornado's Eleven Penn Plaza, RBS Commercial Funding and Blackstone Invitation Homes. The winners will be announced at the awards ceremony on June 18, 2014 in New York City.
Dave Bloom, Head of Real Estate, said, "We were very pleased with our return to the CRE securitization market in late 2013 and the strong support we received. The nomination as the Best CMBS of 2013 by GlobalCapital confirms that and we look forward to continuing to term finance our self-originated commercial real estate loans in a similar manner."
About Resource Capital Corp.
Resource Capital Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial mortgage loans and other commercial real estate-related debt and equity investments. The Company also makes other commercial finance investments. The Company is externally managed by Resource Capital Manager, Inc., an indirect wholly-owned subsidiary of Resource America, Inc. (NASDAQ: REXI), an asset management company that specializes in real estate and credit investments.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Such statements include, but are not limited to, completion of the offering of the Series C Preferred Stock on the terms described in the registration statement, the prospectus supplement relating to this offering and the accompanying prospectus, if at all, and the intended use of proceeds from the sale of the Series C Preferred Stock. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the SEC. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events.
Source: Resource Capital Corp.