PHILADELPHIA, PA--(Marketwired - Jan 29, 2016) - Resource America, Inc. (NASDAQ: REXI) (the "Company") announced today that it will evaluate the Company's current strategic position and seek to identify and evaluate strategic and financial alternatives for the Company to enhance shareholder value and capitalize on the Company's established and respected asset management platforms. Such alternatives may include, but are not limited to, (i) adjusting the Company's businesses; (ii) monetizing non-core assets; (iii) expanding the Company's stock repurchase program; and (iv) sale of all or part of the Company. The Company has retained Evercore, a premier independent investment banking advisory firm, as financial advisor in connection with its exploration of strategic alternatives.

Jonathan Cohen, CEO and President, commented, "We are proud of our proven track record in product creation and fundraising, and we continue to see a very bright future. We think the current share price does not reflect the franchise value of our Company, and are determined to change that. We believe that having Evercore provide independent advice is a valuable step in achieving that goal."

The Company has not set a definitive timetable for completion of its evaluation, and there can be no assurances that the process will result in any transaction being announced or completed. The Company does not intend to provide updates or make any further comment until the outcome of the process is determined or until there are significant developments.

Resource America, Inc. is an asset management company that specializes in real estate and credit investments. The Company's objective is to be best in class among asset managers in the real estate and credit sectors as measured by returns to investors and the quality of the funds and businesses it manages. Resource America's investments emphasize consistent value and long-term returns with an income orientation. For more information please visit our website at or contact Marketing and Investor Relations at

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. The Company undertakes no obligation to update or revise any forward looking statement to reflect new or changing information or events.

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Resource America, Inc.