RESOURCE CAPITAL CORP RESOURCE CAPITAL CORP
Sector: REIT - Retail
Latest Quote @ Sat May 5 22:31:56 (15 min delayed)
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Resource Capital Corp., through its subsidiaries, operates as a specialty finance company in the United States. The company focuses primarily on commercial real estate and commercial finance. Its commercial real estate-related investments include first mortgage loans, first priority interests in first mortgage real estate loans, subordinate interests in first mortgage real estate loans, mezzanine loans, and commercial mortgage-backed securities. The company invests in commercial finance assets, including senior secured corporate loans, other asset-backed securities, equipment leases and notes, trust preferred securities of financial institutions, debt tranches of collateralized debt obligations, and private equity investments. It also invests in residential mortgage-backed securities. The company is elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided the company distributes 90% of its taxable income to its shareholders. Resource Capital Corp. was founded in 2005 and is based in New York, New York.