NEW YORK CITY-Resource Real Estate, Inc., a subsidiary ofResource America, Inc., reports it has launchedThe Resource Real Estate Diversified Income Fund.

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The company states that the fund offers an opportunity forinvestors to access real estate investments in both listed andunlisted markets, via equity and debt securities. The fund'sportfolio may include publicly traded REIT shares, private equityreal estate investments, preferred shares of REITs and non-tradedREIT shares purchased at net asset value or on the secondarymarket.

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RRE owns and manages real estate assets with an aggregate valueof approximately $1.8 billion.

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The fund is managed by real estate investment veteran ScottCrowe, who recently joined Resource Real Estate as a managingdirector to build its real estate securities investment platform.Crowe has 15 years of experience in real estate investing and wasformerly global real estate portfolio manager at Cohen &Steers, where he was responsible for more than $10 billion ininstitutional funds under management and led a team of more than 20portfolio managers and analysts in New York, London and HongKong.

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“The Resource Real Estate Diversified Income Fund employs aunique approach to real estate investing, allowing investors togain access to private equity investments in the same managedportfolio that includes select publicly-traded real estatesecurities,"states Chief Executive Officer AlanFeldman. "Furthermore, investors can take advantage of thefund's institutional and specialty investments with lower fees andminimums than if they invested in such investments separately,which may allow them to optimize their diversification andpotential returns.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.