Resource America (REXI) 8-K This document and the related presentation may contain forward-looking statements within the meaning of the Private Securities

Resource America, Inc.

July 2014

Exhibit 99.1

2

This document and the related presentation may contain forward-looking statements within the meaning of the Private Securities

Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about Resource America,

Inc.’s ("REXI") plans, objectives, expectations, projections, illustrations and intentions with respect to future operations, and other

statements that are not historical facts. Forward-looking statements are sometimes identified by the words "may", "will", "should",

"potential", "predict", "continue", "project", “illustrate”, "guide", or other similar words or expressions. These forward-looking

statements are based upon the current beliefs and expectations of REXI’s management and are inherently subject to significant business,

economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally not within REXI’s

control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions

that are subject to change. REXI does not guarantee that the assumptions underlying such forward looking statements are free from

errors. Actual results could differ materially from the anticipated results or other expectations expressed in the forward-looking

statements and REXI urges you to review the underlying assumptions and the risk factors and other disclosure contained in filings by

REXI with the Securities and Exchange Commission ("SEC"), including, without limitation, REXI’s most recent annual and quarterly

reports

filed

with

the

SEC.

REXI’s

SEC

filings

are

available

on

its

website

at

www.resourceamerica.com.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation.

All subsequent written and oral forward-looking statements attributable to REXI or any person acting on its behalf are expressly

qualified

in

their

entirety

by

the

cautionary

statements

contained

or

referred

to

in

this

document

and

the

related

presentation.

Except

to

the extent required by applicable law or regulation, REXI undertakes no obligation to update these forward-looking statements to reflect

events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events.

This presentation is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the

securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or

sale

would

be

unlawful

prior

to

registration

or

qualification

under

the

securities

laws

of

any

such

state

or

jurisdiction.

A

registration

statement

relating

to

securities

offered

by

Resource

Real

Estate

Opportunity

REIT

II,

Inc.

was

declared

effective

by

the

SEC

February

6,

2014. A written prospectus relating to these securities may be obtained by contacting Resource Securities, Inc., 2005 Market Street, 15th

Floor, Philadelphia, PA 19103.

Safe Harbor

Resource America Overview

Equity Market Capitalization:

Investment Professionals:

66

Office Locations:

New York, Philadelphia, London

Los Angeles, Denver, Singapore

Fully Diluted Shares:

Net Corporate Debt:

$0

3

Resource America, Inc., (NASDAQ: REXI) (the “Company”) is an asset management company that specializes

in real estate and credit investments. The Company manages gross aggregate assets under management of

nearly $18 billion. 

Resource America’s objective is to be best in class among asset managers in the real estate and credit

sectors as measured by returns to our investors and the quality of the funds and businesses we manage.

Most of the senior management team has worked together for over 15 years.  Resource America’s

investments emphasize consistent value and long-term returns with an income orientation.

$

209

million

1

22,027,000

2

1- Based on fully-diluted shares using 7/1/14 price; 2-  As of 3/31/14

Assets Under Management

4

Sector

Product

Gross AUM (in MM) as of 3/31/14

Real Estate Debt

Resource Capital Corp.

$  1,269

Real Estate Equity

Opportunity REIT

701

$                     

Real Estate Funds

647

$  1,348

Credit

CVC Credit Partners

10,028

$              

ABS

4,223

$  14,251

Other

Various

$  924

Total

$  17,792

Real Estate Debt

* REXI earns a 1.5% fee based on equity capitalization. This number includes preferred equity as of 6/10/14

5

The Company is the external manager of Resource Capital Corp. (NYSE:RSO), a publicly traded

commercial mortgage REIT.  RSO has equity capitalization of $1.02 billion* including a $1.27 billion

real estate debt portfolio.

RSO has a powerful core platform and established management team in origination, acquisition, asset

management and securitization of real estate debt and debt securities.  The team focuses on

originating transitional real estate loans and managing commercial mortgage-backed securities. RSO

has consistently paid a cash dividend since inception in 2005.  It raised over $190 million of equity

capitalization in 2013 and has already raised $146 million so far this year.

Resource America earns a 1.5% base fee plus a 25% incentive fee over an 8% return, along with

expense reimbursements.

Real Estate Equity

The Company is the external manager of Resource Real Estate Opportunity REIT (“Opp. REIT I”), a publicly

registered non-traded REIT, that was sold through our extensive broker-dealer channel. Opp. REIT I closed

fundraising with a total of $635 million. The registration statement filed by Resource Real Estate Opportunity

REIT II, Inc. (“Opp. REIT II”), a newly formed publicly registered non-traded REIT, was deemed effective by the SEC

and launched in February 2014, to raise up to $1 billion, to be managed by Resource America.

Currently 36 Broker-Dealers with over 45,000 representatives have signed agreements to sell Resource Real

Estate Opportunity REIT II.  Resource America earns a 2% acquisition fee, a 1% annual asset management fee,

4.5% of gross rental income property management fees, and an incentive of 15% over a 7% hurdle.

8 Real Estate Partnerships that have invested in a total of 36 properties with a carried value of $569 million

6

Joint Venture focused on distressed real estate with Varde, a privately held $7 billion investment management 

company located in Minneapolis, MN. The JV has invested $168 million to date across 20 properties and currently

holds $18 million in assets across two properties.

Opportunity REIT

Real Estate Funds

Credit

CCP HAS RAISED $6.2 Billion

7

* As of 5/31/14

24 MONTHS

Over

the

last

two

years:

CCP has closed 9 CLO’s (8 in the US, 1 in Europe) with assets over $4.6 billion

Completed a $450 million European Initial Public Offering and a $150 million Secondary Offering for CVC

Credit

Partners European Opportunities Limited Fund

Closed $917 million in Global Managed Accounts

Raised $120 million in additional capital in CVC Credit Opportunities Fund

The Company owns 33% of CVC Credit Partners L.P., (“CCP”) a partnership jointly owned with CVC Capital

Partners, one of the world’s leading private equity and investment advisory firms.  CCP is an independent

credit asset management and investment group focusing on sub-investment grade corporate debt in the

United States and Europe. 

•

•

32 Vehicles (24 in the US, 8 in Europe)

Winner of the Creditflux Best CLO Manager Award for 2012 and 2014

$11.1 Billion in AUM ($7.7 Billion in the US, $3.4 Billion in Europe)

Portfolio Snapshot* 

ABS / New Products

ABS

•

The Company manages 22 securitizations for institutional investors comprised of Bank and Insurance Trust

Preferred Securities, ABS and CMBS.  The group that manages these securitizations also manages a series of

private equity funds that invest exclusively in US banks.

New

Products

•

The Company launched the Diversified Income Fund in Q2 2013, an alternative real estate income mutual fund

that invests across global securities, credit and unlisted real estate funds. The target market for this product is

affluent investors, to which we are currently distributing Opp. REIT II, although the Diversified Income fund will

be able to market to a wider audience given its mutual fund status.

•

The Company launched its institutional real estate global securities business with a joint venture with Channel

Capital, an affiliate of an Australian fund manager, Solaris Investment Management with several billion dollars

of institutional equity under management.

8

All Systems In Place

High Quality Investment Platforms

Long-term Track Record

Robust Distribution Channels

Capital Invested in Solid Infrastructure

Strong and Experienced Team

9

Right Markets, Right Time

•

This is a $105 billion equity market cap sector (Stanger, January 2014)

•

The annual investment rate of $24 billion in 2013 was an 84% increase from 2012 and that number is

expected to be much higher in the coming years. (Stanger, January 2014)

•

•

As of May 30, 2014 the US Mortgage REIT sector has a market cap of over $69 billion (NAREIT, May 2014)

•

access to this capital (NAREIT Investment Performance by Property Sector and Subsector, May 2014)

•

The number of deals and players in this market has been relatively constant, while the capital available

has increased year over year and is permanent

•

The credit fundraising market place is tremendous and expanding rapidly

•

The Company has partnered with CVC Capital, one of the world’s leading private equity and investment

advisory firms, which offers us introductions to large managed accounts

•

Our ability to grow increases exponentially with this partnership and gives us access to global markets

10

Credit

We are one of only 15 major players that actively accesses this capital and it is long-term “sticky” money

Our core competencies are in markets that are huge and expanding - real estate and credit products

YTD $7 billion was raised in the mortgage REIT space, and we are one of roughly 10 commercial players with

Core competencies and track record in managing and acquiring multifamily properties sets us apart from others

Market

Non-Traded

REIT

Market

Mortgage

REIT

Market

The Company Objectives

Currently acquiring assets for RRE Opportunity REIT I

Raising RRE Opportunity REIT II

Exploring and launching a new type of REIT asset class

Expanding the Interval Fund Platform for Alternative Investments

Growing Resource Capital Corp. through new originations and new platforms

Middle Market Lending

Residential Mortgages

11

Creating

value

now

for the

future

Strong Company –

Growth Business

Real Estate Equity Raised by Year

Successful Penetration of Fundraising Channels and Creation of New

Products

CAGR = 63%

12

0

100

200

300

400

500

600

700

2010

2011

2012

2013

Real Estate Business –

Increased Equity

Generates Greater Fees

As Our AUM Has Grown, so have the Fees that REXI receives

* Actual through 3/31/14, projected through 12/31/14

CAGR = 34%

13

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

2010

2011

2012

2013

2014*

Other

Real Estate Acquisition Fees

Incentive Management Fees

Base Management Fees

Real Estate Asset Management Fees

Adjusted Cash Flow From Continuing

Operations Equates to Shareholder Value

14

* Actual through 3/31/14, projected through 12/31/14

Range of

Guidance

-15.0

-10.0

-

5.0

0.0

5.0

10.0

15.0

20.0

25.0

2010

2011

2012

2013

2014*

Adjusted Cash from Operations

Incremental Fundraising Propels Exponential

Growth

15

Non

Traded

REIT

Growth

2% acquisition fee  (80% margin)

1% asset management fee (60% margin)

Disposition fees, debt financing fees, broker dealer fees, property management  fees

Outlook

Modest fundraising in 2014 with initiation of Opp. REIT II

Accelerated fundraising in 2015-2016 in Opp. REIT II

Fully invested Opp. REIT I will produce approximately $10 million in annual asset management fees

Beginning in 2015, modest incremental fundraising from new REIT product should increase dollars raised by 25-50%

CVC

Growth

CLOs -

50 bps collateral management fee (35% margin)

Managed Accounts -70 bps management fee (35% margin) plus 15% incentive above an 8% hurdle on certain accounts

Outlook

Expect to add $3 billion in CLO products each year, along with $1 billion in managed account products

At March 31, 2014:

Legacy CLO assets under management of $8.5 billion with a w/a management fee of 47 bps

Legacy managed account assets under management of $1.6 billion with a w/a management fee of 54 bps

RSO Growth

A 1.5% equity management fee (70% margin) plus 25% incentive above an 8% hurdle

Outlook

Expect to add between $50 -$175 million in new equity annually

At June 30, 2014, RSO’s equity base is approximately $ 940 million

We expect to more than double our pre-tax income over the next few years

Current run rate of $500 million invested per year should grow by $200 - $250 million a year

Fundraising for Opp. REIT II is expected to hit $1 billion over the next 2 - 3 years

Expect to achieve meaningful incentives for 2015 and beyond between $2 - $4 million

Continuing to invest funds raised from Opp. REIT I ($100 - $125 million per quarter)

Tipping Point

Fundraising is at a record pace in our core asset management businesses

We have developed these major platforms and solid distribution channels

Investments in infrastructure have now taken place in our platforms:

Greatly expanded the wholesale distribution force for our non-traded REIT Channel

Acquisition of property management platform with 500 professionals

16

We are in huge multi-billion dollar market places with access to lots of perpetual and “sticky” capital 

that produce fees for long periods of time

We have tremendous operating leverage across all of our businesses, additional funds raised produce

incremental revenues with higher margins

Margins are increasing and the fees the businesses generate are increasing as well through recurring asset

management fees, property management fees, acquisition fees, disposition fees, exit and performance fees

Invested in significantly experienced professionals from Goldman Sachs to build out our credit 

team and platform

Balance Sheet is Strong

•

Simplified the businesses

•

Significantly reduced debt, Effectively deleveraged the Company

•

Liquidity has increased

17

By Year

YE

YE

YE

YE

Q1

12/31/2010

12/31/2011

12/31/2012

12/31/2013

3/31/2014

Cash per financials

14,530

12,803

11,899

19,853

17,210

RSO stock

18,070

14,161

14,956

16,969

15,939

Potential Liquidation of Security Positions

2,433

2,981

8,547

7,333

7,175

Potential Liquidation of Fund Interests

4,594

3,577

3,847

5,289

4,883

Total adjusted liquidity

39,627

33,522

39,249

49,444

45,207

Senior Notes

18,820

10,000

10,000

10,000

10,000

TD Facility

12,793

5,303

-

-

-

Republic/Sovereign

-

-

-

-

-

Total debt

31,613

15,303

10,000

10,000

10,000

Cash and Liquidity Net of Debt

8,014

18,219

29,249

39,444

35,207

Corporate Credit Facility Availability

14,497

What will we do with this excess cash?

•

More dividends?

•

Continue to increase

dividends?

18

•

Continue to buy

back more stock?

•

Invest in

businesses?

USE OF

CASH