On December 24, 2014, Resource America, Inc. announced that it formed a 50/50 joint venture with Pearlmark Real Estate Partners LLC to expand its real estate asset management operations.
On December 24, 2014, Resource America, Inc. (NASDAQ: REXI) announced that it had expanded its real estate asset management operations by entering into a 50/50 joint venture with Pearlmark Real Estate Partners, LLC (“Pearlmark”), a Chicago based real estate investment manager. Pearlmark has committed approximately $4.5 billion of equity capital in various real estate related ventures, such as the acquisition, development and management of office, retail, industrial and multifamily properties, and has also invested in proprietarily originated high-yield real estate debt opportunities. The new joint venture will be known as Pearlmark Real Estate, L.L.C and will sponsor and manage all new funds and investment strategies under the Pearlmark banner.
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