News

Resource Credit Income Fund (RCIAX) Announces Quarterly Distribution

Posted on 10/10/2018 by Kay Mellinger

Philadelphia, PA (October 10, 2018) – Resource Credit Income Fund (the “Fund,” ticker RCIAX) today announced its quarterly distribution of $0.175* per share as of September 30, 2018. This represents a 6.3 percent annualized quarterly distribution – the Fund’s ninth consecutive distribution. The Fund began trading on April 17, 2015 and closed the quarter as of September 30, 2018 with an inception-to-date cumulative total return of 30.49 percent.

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Resource Real Estate Diversified Income Fund (RREDX) Announces Quarterly Distribution

Posted on 10/10/2018 by Kay Mellinger

Philadelphia, PA (October 10, 2018) – Resource Real Estate Diversified Income Fund (the “Fund,” ticker RREDX) today announced its quarterly distribution of $0.150* per share as of September 30, 2018. This represents a 5.8 percent annualized quarterly distribution, placing it in excess of the Fund’s five percent target.** The Fund began trading on March 12, 2013, and closed the quarter as of September 30, 2018 with an inception-to-date cumulative total return of 45.4 percent.

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Resource Apartment REIT III, Inc. Purchases The Park at Kensington; An Apartment Community Located at the Epicenter of the Growing Tampa Submarket

Posted on 9/17/2018 by Kay Mellinger

Philadelphia, PA (September 17, 2018) – Resource Apartment REIT III, Inc. (the “REIT”), through its operating partnership, completed the purchase of The Park at Kensington, an apartment community located in the prospering market of Tampa, Florida. Built in 1990, the 204-unit community features a resort-style, multi-level pool, remodeled clubhouse, lakeside family BBQ area, and lighted tennis court.

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Resource Apartment REIT III, Inc. Purchases Matthews Reserve; An Apartment Community in the Heart of Charlotte Metro’s Expanding Employment Footprint

Posted on 8/29/2018 by Kay Mellinger

Philadelphia, PA (August 29, 2018) – On August 29, Resource Apartment REIT III, Inc. (the “REIT”), through its operating partnership, completed the purchase of Matthews Reserve, an apartment community located in a diverse, growing suburb of Charlotte, North Carolina. Built in 1998, the 212-unit community features numerous amenities, including a swimming pool with sundeck, 24-hour fitness center, and expansive clubhouse.

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Resource Real Estate Diversified Income Fund (RREDX) Announces Quarterly Distribution

Posted on 7/11/2018 by Kay Mellinger

Philadelphia, PA (July 11, 2018) – Resource Real Estate Diversified Income Fund (the “Fund,” ticker RREDX) today announced its quarterly distribution of $0.15* per share as of June 30, 2018. This represents a 5.8 percent distribution, placing it in excess of the Fund’s five percent target.** The Fund began trading on March 12, 2013, and closed the quarter as of June 30, 2018 with an inception-to-date cumulative total return of 41.3 percent.

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Resource Credit Income Fund (RCIAX) Announces Quarterly Distribution

Posted on 7/11/2018 by Kay Mellinger

Philadelphia, PA (July 11, 2018) – Resource Credit Income Fund (the “Fund,” ticker RCIAX) today announced its quarterly distribution of $0.175* per share as of June 30, 2018. This represents a 6.3 percent distribution and is the ninth consecutive quarterly distribution. The Fund began trading on April 17, 2015 and closed the quarter as of June 30, 2018 with an inception-to-date cumulative total return of 28.0 percent.

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Island Capital Affiliate Sells Its Interest in the Montauk Yacht Club Resort Marina

Posted on 5/1/2018 by Kay Mellinger

New York, N.Y., May 1, 2018 – Island Capital Group LLC (“Island Capital”), a leading international real estate merchant bank, today announced that an affiliate has sold its interest in the historic Montauk Yacht Club Resort & Marina on New York’s Long Island. Montauk Yacht Club’s marina and operations were managed by Island Global Yachting (“IGY”), one of the world’s premier owners, developers and managers of luxury marinas and yachting lifestyle destinations. The Seller was represented by Black Brick LLC.

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Resource Credit Income Fund Reaches Milestone Anniversary

Posted on 4/17/2018 by Kay Mellinger

Philadelphia, PA (April 17, 2018) – Today, Resource Credit Income Fund (the “Fund”), a closed-end interval fund managed by Resource Alternative Advisor, LLC (“Resource”), celebrates its third anniversary, distinguishing its track record in the credit interval fund universe.

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Resource Apartment REIT III, Inc. Purchases Tramore Village

Posted on 3/23/2018 by Kay Mellinger

Philadelphia, PA (March 23, 2018) – On March 22, Resource Apartment REIT III, Inc. (the “REIT”), through a wholly owned subsidiary, completed the purchase of Tramore Village in Austell, Georgia. Built in 1999, the 324-unit community features numerous amenities, including two swimming pools, a fitness center, and a lighted tennis court. Tramore Village fronts the highly-trafficked East-West Connector, offering a quick commute to over 450,000 jobs and 25 million square feet of Class A office space along metropolitan Atlanta’s I-75 corridor.

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Resource Apartment REIT III, Inc. Under Contract to Acquire Tramore Village; An Apartment Community in the Atlanta Metropolitan Area

Posted on 2/14/2018 by Kay Mellinger

Philadelphia, PA (February 14, 2018) – On February 12, 2018, Resource Apartment REIT III, Inc. (the “Company”), through its operating partnership, entered into an agreement to purchase Tramore Village, a 324-unit apartment community located in Austell, Georgia, a fast-growing submarket of Atlanta.

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