Resource Capital Corp Fund Company Profile

Description

Resource Capital Corp., a diversified real estate investment trust, primarily focuses on originating, holding, and managing commercial mortgage loans and other commercial real estate-related debt and equity investments in the United States. The company invests in commercial real estate-related assets, such as first mortgage loans; first priority interests in first mortgage real estate loans; subordinate interests in first mortgage real estate loans; mezzanine debt; commercial mortgage-backed securities; commercial real estate; and residential mortgage loans and mortgaged-backed securities. It also invests in commercial finance assets, including middle-market secured corporate loans and preferred equity investments; asset-backed securities; debt tranches of collateralized debt obligations and collateralized loan obligations; structured note investments; senior secured corporate loans; and preferred equity investment in a commercial leasing enterprise. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it is not subject to federal corporate income tax to the extent that it distributes 100% of its REIT taxable income. Resource Capital Corp. was founded in 2005 and is based in New York, New York.