PHILADELPHIA--(BUSINESS WIRE)--Resource Real Estate, Inc. (“Resource”) announced today the plan to convert Resource Innovation Office REIT, Inc. (the “REIT”) into an NAV REIT. The REIT suspended its public offering, effective as of April 21, 2017, while it prepares for the conversion.
The conversion to an NAV REIT is expected to result in a more diverse investment strategy that targets additional classes of real estate investments. This structure will also present a lower fee structure, provide pricing transparency and offer liquidity. In addition, the REIT will become a perpetual life entity.
As the market for investment products targeted for retail investors continues to evolve, Resource is focused on expanding and improving its platform. “We identify the need for investment options that deliver durable income, backed by institutional quality commercial real estate assets,” says Alan Feldman, Chief Executive Officer of Resource. “We then synthesize these strategies into unique real estate structures, such as NAV REITs.”
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
About Resource
Resource is an asset management company that specializes in real estate and credit investments. Its main objective is to be a best-in-class asset manager as measured by risk-adjusted returns to investors and the quality of the funds and business it manages. For over two decades, Resource has sponsored a range of investment vehicles, including limited partnerships, joint ventures with institutional partners, publicly traded and non-traded REITs, and interval funds. Resource is a wholly-owned subsidiary of C-III Capital Partners LLC, a leading real estate investment management and commercial property services company.
04/24/2017
