Resource America, Inc. - Management Team

Career Opportunities

Fwd resumes to Dean McQuirns, Resource America, Inc. One Commerce Square, 2005 Market Street, 15th Floor, Philadelphia, PA 19103.

SENIOR ASSOCIATE (New York, NY) Supervise & manage junior staff. Independently identify & structure private equity & debt investments in publicly traded & privately-held community banks. Independently perform extensive corporate financial modeling for banks (M&A transactions, FDIC failed bank acquisitions, organic growth, regulatory capital analysis, FASB 141 modeling) & for vehicles that could hold bank debt (structured products financial modeling). Independently originate community bank private equity investments. Perform due diligence on prospective investments including detailed loan review. Perform asset liability review. Responsible for regulatory compliance. Monitor companies subsequent to investment & maintain relationships w/ management teams, other investors & the sell side. Construct presentations for prospective issuers & for prospective capital sources (institutional investors). Req. MS in Finance or closely rel fld & 3 yrs exp analyzing & modeling US community banks & buy-side exp investing in community banks. Must incl at least 1 year of exp on the board of directors of community banks.

REAL ESTATE PRIVATE EQUITY FINANCIAL ANALYST – ACQUISITION GROUP

The Company: Resource Real Estate, Inc., headquartered in Philadelphia, PA, is a real estate investment and
asset management company focused on direct and indirect investments in distressed and income
generating real estate throughout the U.S. The Firm has over $1.5 billion of diversified real
estate assets under management and has historically generated returns in excess of 25% from its
investments. Equity is raised nationally from a wide group of independent full service broker
dealers as well as through a variety of joint venture partners.

Resource Real Estate is a wholly owned subsidiary of Resource America, Inc., a publicly traded
company (NASDAQ: REXI) with over $12 billion of assets under management. Resource America is a
specialized asset management company that uses industry- specific expertise to generate and
administer investment opportunities for its own account and for outside investors in real estate,
structured finance and equipment leasing.

The Position: RRE is currently seeking a highly energetic and motivated Financial Analyst to assist members of
the Acquisition Team in a broad range of real estate and financial activities. The candidate will
be primarily involved in the evaluation of multifamily real estate acquisition investment
opportunities. Specific duties will include underwriting property cash flows, market and
demographic research and the preparation of internal presentations and financial analysis. The
candidate will work closely with senior team members. The candidate will also interact with real
estate brokers and sellers, help recommend acquisitions pricing to senior management and assist in
the negotiation of acquisition terms, debt terms and the execution of property due diligence.
Selected Responsibilities:

- Underwrite (model) cash flows for potential investments
- Analyze location characteristics and demographic trends of potential investments
- Prepare “comp” valuation and market analysis, including sales and leasing comparables
- Monitor and review the acquisition transaction pipeline
- Produce PowerPoint slide shows and presentations
- Maintain deal and market information files
- Perform general research for acquisitions, asset management, capital raising and new business
- Perform financial due diligence, including assisting in lease audits to verify pro forma assumptions
- Create financial packages for debt providers and committee write-ups
- Interface with external partners/operators, contractors, senior lenders, property managers, leasing brokers, vendors and other consultants
- Monitor financial markets, real estate markets, the interest rate environment and overall economic condition in order to evaluate on-going risks and opportunities
- Visit properties when required

Qualifications: The candidate must be a detail-oriented person with excellent analytical and communication skills.
The candidate must be proficient with financial modeling in Excel. The candidate should also be
proficient with PowerPoint and Word. The candidate will need a proven history of being extremely
self-motivated, highly organized and an open communicator who is eager to work in a fast-paced,
entrepreneurial environment.

The ideal candidate will have an undergraduate degree, preferably in finance, real estate,
accounting or economics. Prior professional
experience in real estate is a plus, but not required.

REAL ESTATE PRIVATE EQUITY ASSOCIATE – ACQUISITION GROUP

The Position: RRE is currently seeking a highly energetic and motivated Associate to assist members of the
Acquisition Team in a broad range of real estate and financial activities. The candidate will be
primarily involved in the evaluation of multifamily real estate acquisition investment
opportunities. The candidate will report directly to the Senior Vice President of Acquisitions and
be expected to work on acquisition sourcing and underwriting sometimes with limited oversight.

Specific duties will include underwriting property cash flows, market and demographic research and
the preparation of internal presentations and financial analysis. The candidate will work closely
with other team members. The candidate will also interact with real estate brokers and sellers,
help recommend acquisitions pricing to senior management and assist in the negotiation of
acquisition terms, debt terms and the execution of property due diligence.
Selected Responsibilities:

-Underwrite (model) cash flows for potential investments
- Visit and evaluate potential investment locations
- Analyze location characteristics and demographic trends of potential investments
- Prepare “comp” valuation and market analysis, including sales and leasing comparables
- Coordinate and perform financial due diligence, including assisting in lease audits to verify pro forma assumptions
- Perform general research for acquisitions, asset management, capital raising and new business
- Create financial packages for debt providers and committee write-ups
- Interface with external partners/operators, contractors, senior lenders, property managers, leasing brokers, vendors and other consultants
- Monitor financial markets, real estate markets, the interest rate environment and overall economic condition in order to evaluate on-going risks and opportunities

The ideal candidate will have an undergraduate degree, preferably in finance, real estate,
accounting or economics. An MBA is
preferred. Prior professional experience in real estate is required.

REAL ESTATE PRIVATE EQUITY ANALYST – ASSET MANAGEMENT

The Company: Resource Real Estate, Inc., headquartered in Philadelphia, PA, is real estate investment and asset
management company focused on direct and indirect investments in distressed and income generating
real estate throughout the U.S. The Firm has over $1.5 billion of diversified real estate assets
under management and has historically generated returns in excess of 25% from its investments.
Equity is raised nationally from a wide group of independent full service broker dealers as well as
through a variety of joint venture partners.

The Position: RRE is currently seeking a highly energetic and motivated Financial Analyst to assist members of
the Acquisition team in a broad range of real estate and financial activities. A primary activity
will be evaluating the feasibility of multifamily real estate acquisition opportunities primarily
by underwriting property cash flows. Analyst will work closely with senior management in evaluating
real estate opportunities through analysis of market potential, specific property locations,
demographic trends and financial analysis. Analyst will also interact with real estate brokers and
sellers, recommend acquisitions pricing to senior management and assist in the negotiation of
acquisition terms, debt terms and the execution of property due diligence.

Selected Responsibilities:

- Monitor and review acquisition transaction pipeline
- Underwrite (modeling) cash flows for acquisition candidates
- Analyze market (comps), location, demographics of properties
- Prepare comparable valuation and market analysis, including sales and leasing comparables.
- Produce PowerPoint slide shows and presentations
- Perform general research for acquisitions, asset management, capital raising and new business
- Perform financial due diligence, including assisting in audits to verify pro-forma assumptions
- Create financial packages for debt providers and committee write-ups
- Monitor real estate market dynamics for asset management as well as acquisitions
- Maintain deal and market information files
- Interface daily with external partners/operators, contractors, senior lenders, property managers, leasing brokers, vendors and other consultants.
- Monitor financial markets, real estate industry, interest rate environment and overall economic condition in order to evaluate on-going risks and opportunities.
- Visit properties when required.

Qualifications: Applicant must be a detail-oriented person with excellent analytical skills and must be proficient
with financial modeling in Excel. The candidate should also be comfortable in creating PowerPoint
presentations. Candidate will need a proven history of being extremely self-motivated, highly
organized and an open communicator who is eager to work in a fast-paced entrepreneurial
environment.

The ideal candidate will have an undergraduate degree preferably in finance, real estate,
accounting or economics. Prior professional experience in real estate is a plus, but not required.

REAL ESTATE PRIVATE EQUITY – TRANSACTIONS MANAGER

The Company: Resource Real Estate, Inc., headquartered in Philadelphia, PA, is a real estate investment and
asset management company focused on direct and indirect investments in distressed and income
generating real estate throughout the U.S. The Firm has over $1.7 billion of diversified real
estate assets under management and has historically generated returns in excess of 25% from its
investments. Equity is raised nationally from a wide group of independent full service broker
dealers as well as through a variety of joint venture partners.

Resource Real Estate is a wholly owned subsidiary of Resource America, Inc., a publicly traded
company (NASDAQ: REXI) with over $14 billion of assets under management. Resource America is a
specialized asset management company that uses industry- specific expertise to generate and
administer investment opportunities for its own account and for outside investors in real estate,
structured finance and equipment leasing.

The Position: RRE is currently seeking a highly energetic and motivated Transactions Associate to develop and
implement exit strategies, from inception through closing, for the Firm’s national portfolio of
distressed real estate investments. The Associate will be responsible for maximizing sale proceeds
while minimizing investment hold periods through aggressive hands-on management, thorough financial
analysis and deal execution. Transactions will include broker-assisted auctions, loan workouts,
debt placements and recapitalizations. The ideal candidate will have related real estate experience
with strong knowledge of underwriting, operations and due diligence.
Key Responsibilities:

- Manage entire sale process including: broker selection, buyer selection, contract negotiations, pro rations and closing.
- Create and maintain deal-level and fund-level investment models which forecast cash flow, IRR and promoted returns.
- Oversee and assume responsibility for property-level financial performance for all deals in disposition pipeline.
- Communicate with all levels of the Firm’s in-house Property Management company, from Directors to Property Managers.
- Participate in annual creation of budgets, guiding Property Management towards disposition-related financial goals.
- Manage monthly capital calls and distributions to investors.
- Understand and approve all capital improvement projects.
- Monitor financial markets, real estate industry, interest rate environment and overall economic conditions in order to evaluate on-going risks and opportunities.
- Visit properties as necessary.

Qualifications:

- Undergraduate degree from a top tier institution; MBA preferred.
- 7-10 years of experience in relevant field
- Ability to analyze and interpret both financial statements and legal documents
-Detail-oriented with exceptional analytical skills and a mastery of financial modeling in Excel
- Proven history of self-motivation and organization
- Open communicator; eager to work in a fast-paced entrepreneurial environment

REAL ESTATE PRIVATE EQUITY ASSOCIATE – ASSET MANAGER

The Company: Resource Real Estate, Inc., headquartered in Philadelphia, PA, is a real estate investment and
asset management company focused on direct and indirect investments in distressed and income
generating real estate throughout the U.S. The Firm has over $1.7 billion of diversified real
estate assets under management and has historically generated returns in excess of 25% from its
investments. Equity is raised nationally from a wide group of independent full service broker
dealers as well as through a variety of joint venture partners.

The Position: RRE is currently seeking a highly energetic and motivated Associate to assist members of the Asset
Management team in a broad range of real estate and financial activities involved in the management
of a stabilized multi-family portfolio.
Selected Responsibilities:

- Create and manage business plans related to the investments within the portfolio.
- Maintain cash flow models in order to evaluate current and futures cash position, refinancing or disposition opportunities and capital improvement projects and present findings to senior members of the asset management team.
- Review and present monthly/annual operating statements and budgets including, variance analysis and forecasts to senior management.
- Interface daily with external partners/operators, contractors, property management team, leasing brokers, vendors and other consultants.
- Assist in the preparation and delivery of concise presentations to senior management including recommendations to preserve, enhance and maximize value.
- Review and process capital expenditure and construction draw requests.
- Monitor financial markets, real estate industry including the particular sub markets which we hold investments, interest rate environment and overall economic condition in order to evaluate on-going risks and opportunities.
- Review quarterly financial statements as well as assist in the preparation of materials provided to investors on a quarterly basis.
- Visit properties when required.

Qualifications:

- The ideal candidate will have an undergraduate degree preferably in finance, real estate, accounting or economics. Degree should be from a top tier institution with strong academic record.
- 3-5 years of experience in relevant field
- Detail-oriented with exceptional analytical skills and a mastery of financial modeling in Excel
- Proven history of self-motivation and organization
- Open communicator; eager to work in a fast-paced entrepreneurial environment.