BNET Industries

Market Cap:$75.1M
Last Fiscal Year Sales:$155.9M
  • Public
  • US
Dow Jones Description

We are a specialized asset management company that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through the commercial finance, real estate and financial fund management sectors. As a specialized asset manager, we seek to develop investment funds for outside investors for which we provide asset management services, typically under long-term management arrangements either through a contract with, or as the manager or general partner of, our sponsored funds. We typically maintain an investment in the funds we sponsor. We have greatly expanded all three of our reporting segments since 2004. Assets under management have grown from $3.2 billion at September 30, 2004, excluding our former energy subsidiary, to $18.0 billion at September 30, 2008. We limit our fund development and management services to asset classes in which we have specific expertise. We believe this strategy enhances the return on investment we can achieve for our funds. In our commercial finance operations, we focus on originating small and middle-ticket equipment leases and commercial loans secured by business-essential equipment, including technology, commercial and industrial equipment and medical equipment. ...

CEO, President, Director
Jonathan Z. Cohen
Number of Employees 799
Contact Information

1 Crescent Dr Ste 203 Navy Yard Corp Ctr

Philadelphia, Pennsylvania 19112

resourceamerica...

(215) 546-5005

NAICS Code Portfolio Management: 523920

Recent Events

  • Resource America, Inc. To Report Operating Results for the Fourth Fiscal Quarter and Year Ended...

    11/10/09 - Financial Announcement - View Story

  • Business news in brief

    11/10/09 - New Investment - View Story

  • Resource America announces amendment of credit agreement with National City Bank

    10/05/09 - Joint Venture / Alliance - View Story

  • Resource America, Inc. Authorizes Payment of Quarterly Cash Dividend

    9/04/09 - Stock Split / Dividend - View Story

  • Resource America, Inc. Reports Operating Results for the Third Fiscal Quarter Ended June 30, 2009

    8/06/09 - Financial Announcement - View Story

News & Analysis

earnings and resource america inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jonathan Z. Cohen CEO, President, Director
Gretchen Bergstresser President and Senior Portfolio Manager of Apidos
Miles Herman President, Chief Operating Officer
Arthur J. Miller Vice President and Chief Accounting Officer
David J. Bryant Senior Vice President and Chief Financial Officer
Michael Yecies Chief Legal Officer & Secretary
Steven J. Kessler Chief Financial Officer
Jeffrey F. Brotman Executive Vice President
Crit S. Dement Senior Vice President
David E. Bloom Senior Vice President
Thomas C. Elliott Senior Vice President Finance
Kevin M Finkel President, Resource Capital Partners & Vice President
Pamela Schreiber Vice President
Anne McCarthy Managing Director of Apidos Capital Management
Christopher D. Allen Managing Director of Rffm
John Stelwagon Managing Director of Apidos Capital Management
Vikram M. Lokur Managing Director, Resource Financial Fund Mgmt
Purvi Kamdar Director of Marketing and Investor Relations
Brooke N. Bennett Broker
Edward E. Cohen Senior Officer
Shivan Govindan Senior Principal
Jeffrey C. Simmons Director

Board of Directors

Name (plus bio) Position
Andrew M. Lubin Chairman
Alan D. Schreiber Board of Directors
Carlos C. Campbell Board of Directors
Hersh Kozlov Board of Directors
John R. Sullivan Board of Directors
John S. White Board of Directors
Kenneth A. Kind Board of Directors
Michael J. Bradley Board of Directors

Jonathan Z. Cohen is Chief Executive Officer and a Director of Resource America, Inc. Jonathan has been Chief Executive Officer since 2004, President since 2003, and a Director since 2002. Previous roles include Chief Operating Officer from 2002 to 2004, Executive Vice President from 2001 to 2003 and Senior Vice President from 1999 to 2001. In addition, he has been Vice Chairman of the Managing Board of Atlas Pipeline Partners GP, LLC since its formation in 1999 and Vice Chairman and a Director of Atlas America, Inc. since its formation in 2000. Since 2003 he has been the general partner of Castine Partners, L.P., a financial services hedge fund. Mr. Cohen received a Bachelor of Arts degree from the University of Pennsylvania, and a Juris Doctor degree from American University's Washington College of Law. Mr. Cohen is a son of Edward E. Cohen.

Organization Position Status
Resource America, Inc. Chief Executive Officer Current
Resource Capital Corp. Chief Executive Officer Current
Resource Capital Corp. President Current
Atlas Pipeline Partners LP Vice Chairman & General Partner Current
Resource America, Inc. Senior Officer Current
Atlas Energy Resources, LLC Vice Chairman Current
Atlas Energy Management, Inc. Vice Chairman of the Board Current
Atlas America, Inc. Vice Chairman Current
Resource Capital Corp. Board of Directors Current
LEAF Financial Corp. Board of Directors Current
Atlas Pipeline Holdings, L.P. Vice Chairman Current
Resource America, Inc. Director Current
Atlas Pipeline Partners GP, LLC Vice Chairman Current
RAIT Financial Trust Vice Chairman & Secretary Current
Atlas Pipeline Partners LP President, CEO Former
Resource Properties, Inc. President Former
Resource America, Inc. Chief Operating Officer Former
Atlas Pipeline Partners LP Board of Directors Former
RAIT Financial Trust Secretary Former
American University Juris Doctor Degree Former

Organization Position Status
Apidos Capital Management, LLC President Current
Resource America, Inc. President and Senior Portfolio Manager of Apidos Current
Resource Capital Corp. Senior Vice President Current
Resource America, Inc. Board of Directors Current
Eaton Vance Management Cdo Portfolio Manager Former
Bank of Boston Vice President Former
Mjx Asset Management LLC Managing Director Former
Apidos Capital Management, LLC Senior Portfolio Manager Former
Mjx Asset Management LLC Manager Former
Eaton Vance Management Head Par Loan Trader Former
Boston University M.B.A. Former
The Pennsylvania State University M.S. In Chemistry Former
St. Lawrence University B.S. Former

President, Chief Operating Officer and a Director of LEAF Financial since January 2002. Mr. Herman held various senior operational offices with Fidelity Leasing, Inc. and its successor from 1998 to 2001, ending as Senior Vice President. From 1990 to 1998, he held various operational, marketing, program management, business development and sales positions with Tokai Financial, most recently as Director as Capital Markets. Before that, he served as Vice President, Operations and Sales at LSI Leasing Services, Inc. from 1989 to 1990, and as a manager of operations at Master Lease Corporation from 1984 to 1989.

Organization Position Status
Resource America, Inc. President, Chief Operating Officer Current

Organization Position Status
Resource America, Inc. Vice President and Chief Accounting Officer Current

Senior Vice President and Chief Financial Officer since June 2006. Mr. Bryant brings twenty five years of real estate industry accounting and SEC financial reporting experience to RCC. Prior to joining RCC, Mr. Bryant was Senior Vice-President, Real Estate Services, at Pennsylvania Real Estate Investment Trust (PREIT) for one year. Before that Mr. Bryant served as Senior Vice-President and Treasurer at PREIT for five years. Prior to that he served as Vice President, Financial Services, at PREIT Rubin, Inc., and The Rubin Organization, Inc.

Organization Position Status
Resource America, Inc. Senior Vice President and Chief Financial Officer Current
Resource Capital Corp. Chief Financial Officer, Senior Vice President Current
Pennsylvania Real Estate Investment Trust Senior Vice President, Real Estate Services Former

Senior Vice President since 2005 and Chief Legal Officer and Secretary since 1998. Vice President from 1998 to 2005. Attorney at Duane Morris LLP (an international law firm) from 1994 to 1998.

Organization Position Status
Resource America, Inc. Chief Legal Officer & Secretary Current
Resource Capital Corp. Chief Legal Officer and Secretary Current
Resource America, Inc. Senior Vice President Current
Resource Capital Corp. Secretary Current
Resource America, Inc. Secretary Current
Duane Morris Llp Attorney Former
Atlas Pipeline Partners LP Secretary Former
Atlas America, Inc. Secretary Former

Organization Position Status
Resource Capital Corp. CFO & Treasurer Current
Resource Real Estate Chief Financial Officer Current
Resource America, Inc. Chief Financial Officer Current
Resource America, Inc. Executive Vice President Current
GMH Communities Trust Executive Vice President Current
Resource Properties, Inc. CFO Former
Atlas Pipeline Partners LP Chief Financial Officer Former
Resource Capital Corp. Senior Vice President Former
Kravco Simon Company Vice President, Finance Former
Touche Ross & Co. Partner Former
Kravco Simon Company Developer Former
Temple University Bachelor of Science Degree In Accounting Former

Jeffrey F. Brotman has been a Director of LEAF Financial since April 2008. Mr. Brotman has also been Executive Vice President of Resource America since June 2007. Mr. Brotman was a co-founder of Ledgewood, P.C. (a Philadelphia-based law firm) and was affiliated with the firm from 1992 until June 2007, serving as its managing partner from 1995 until March 2006. Mr. Brotman is also a non-active Certified Public Accountant and an Adjunct Professor at the University of Pennsylvania Law School. Mr. Brotman was Chairman of the Board of Directors of TRM Corporation (a publicly-traded consumer services company) from September 2006 until September 2008 and was its President and Chief Executive Officer from March 2006 through June 2007.

Organization Position Status
Resource America, Inc. Executive Vice President Current
University of Pennsylvania Law School Adjunct Prof Current
LEAF Financial Corp. Board of Directors Current
TRM Corporation Chairman of The Board of Directors Former

Organization Position Status
LEAF Financial Corp. Chief Executive Officer Current
Resource America, Inc. Senior Vice President Current
Resource Capital Corp. Senior Vice President, Equipment Leasing Current
Resource America, Inc. Chairman of The Board of Directors Current
LEAF Financial Corp. Chairman Current
Fidelity Leasing Inc. President Former
Fidelity Leasing Inc. Chief Operating Officer Former

David E. Bloom, President. Mr. Bloom also serves Senior Vice President of Resource America, the parent company of Resource Real Estate. From 1999 to 2001 Mr. Bloom was a Senior Vice President of Colony Capital, LLC, a Los Angeles-based real estate fund as well as a Principal of Colony Capital Asia Pacific. While at Colony, Mr. Bloom established the firm's operations in South Korea, which acquired and managed a portfolio of non-performing real estate loans with a face value in excess of $1 billion. From 1998 to 1999 Mr. Bloom was a Director at Sonnenblick-Goldman Company, a New York based real estate investment bank. From 1992 to 1998, Mr. Bloom practiced law in the real estate and corporate departments of Wilkie Farr & Gallagher in New York and Drinker Biddle & Reath in Philadelphia. Mr. Bloom began his real estate career in 1987 as an Acquisitions and Development Associate with Strouse, Greenberg & Company, a regional full-service real estate company. Mr. Bloom received a Bachelor of Arts degree in American Public Policy from Ursinus College and a Juris Doctor with high honors from Rutgers University School of Law.

Organization Position Status
Resource Real Estate President Current
Resource Capital Corp. President Current
Resource America, Inc. Senior Vice President Current
Greenberg, Inc. Development Associate Current
Resource Properties, Inc. President Former
Colony Capital, LLC Senior Vice President Former
Resource Capital Corp. Senior Vice President, Real Estate Investments Former
Willkie Farr & Gallagher Llp Attorney Former
The Colony Former
Sonnenblick-Goldman, LLC Director Former
Rutgers School of Law Juris Doctor With High Honors Former
Ursinus College Bachelor of Arts Degree In American Public Policy Former

Organization Position Status
Resource Capital Corp. Chief Financial Officer, Chief Accounting Officer and Treasurer Current
Resource Capital Corp. Senior Vice President, Assets & Liabilities Management Former
Resource America, Inc. President, Finance and Operations Former
Fidelity Leasing Inc. Vice President Former

Organization Position Status
Resource Capital Corp. Vice President, Real Estate Investments Current
Resource America, Inc. President, Resource Capital Partners & Vice President Current
Resource Real Estate Officer Current
Deutsche Bank Securities Inc. Investment Banker Former
Barclays Capital Associate Former

Organization Position Status
Resource America, Inc. Vice President Current
Resource Capital Corp. Vice President for Investor Relations Current

Organization Position Status
Resource America, Inc. Managing Director of Apidos Capital Management Current
Apidos Capital Management, LLC Portfolio Manager, Managing Director Current
McKay and Company Research Associate Former
Fordham University M.B.A. Former
Rutgers College B.A. In Economics Former

Organization Position Status
Creative Logistics Solutions Vice President Software Development & Cto Current
Apidos Capital Management, LLC Chief Operating Officer and Senior Managing Director Current
Resource Capital Corp. Senior Vice President, Commercial Lending Current
Resource America, Inc. Managing Director of Rffm Current
Apidos Capital Management, LLC Board of Directors Current
Ischus Capital Management, LLC Board of Directors Current
Ischus Limited Board of Directors Current
Trenwith Securities, LLC President Former
Trenwith Securities, LLC Vice President Former
Apidos Capital Management, LLC Operating Officer Former
Citicorp Venture Capital, Ltd. Associate Former
Digital Electronics Corporation Former
New York University School of Law J.D. Former
Harvard University B.A. Former

Prior to joining Apidos in July 2005, Mr. Stelwagon was on the investment committee of Babson Capital Management's Bank Loan team and held a variety of positions including Head of Loan Research. He joined Babson Capital in June 2002 as a result of the company's acquisition of First Union Institutional Debt Management ("IDM"), where he was Head of Loan Research. Prior to joining IDM, he was a Director and Group Credit Officer at Societe Generale where he was responsible for primary level credit approval and portfolio management for the bank's Los Angeles, San Francisco, Dallas, Houston and Atlanta regional offices. Before that, he was a Relationship Manager in Societe Generale's East Coast Region. Prior to joining Societe Generale, he worked in National Australia Bank's Loan Restructuring Group. Prior to joining National Australia Bank, he was a Credit Analyst at CoreStates/New Jersey National Bank. He holds a B.A. from Lafayette College and is a CFA charterholder.

Organization Position Status
Apidos Capital Management, LLC Portfolio Manager, Managing Director Current
Resource America, Inc. Managing Director of Apidos Capital Management Current
Lafayette College B.A. Former

Organization Position Status
Resource America, Inc. Managing Director, Resource Financial Fund Mgmt Current

Director of Marketing and Investor Relations. Ms. Kamdar is responsible for coordinating fundraising and investor relations for Resource America, Inc. and its affiliates. Before joining Resource America, Inc., Ms. Kamdar worked with Sigma Capital, an S.A.C. hedge fund, and prior to that she worked at Bear, Stearns & Company. She received both an M.B.A. and B.S. in economics, magna cum laude, from The University of Pennsylvania's Wharton School of Business.

Organization Position Status
Resource America, Inc. Director of Marketing and Investor Relations Current
Sigma Capital, Inc Former

Brooke N. Bennett is a Broker with Resource America, Inc., a real estate brokerage firm owned by Resource Development, Inc. Resource America is involved in land acquisition and sales, leasing of commercial space, and property management for Jester properties. Ms. Bennett has worked for Jester-related entities for the past fi ve years and currently holds her Missouri Real Estate Brokers license. Ms. Bennett also has ten years of experience in the food, beverage and hospitality industry with Harlequin Dining, Applebee's, Interactive Hotel Solutions and Rio Bravo. As a result, she brings particular expertise in meeting the needs of tenants and prospective tenants from the dining, entertainment and hotel sectors. In addition to her advanced brokerage license, Ms. Bennett holds a B.S. in Administrative Management from Missouri State University.

Organization Position Status
Resource Development, Inc. Broker Current
Resource America, Inc. Broker Current
Missouri State University B.S. In Administrative Management Former

Edward E. Cohen has been our Chairman of the Board and Chief Executive Officer since our formation in 2006. He has been the Chief Executive Officer and President of Atlas America since its formation in September 2000. He has been Chairman of the Board of Resource America, Inc. (a publicly-traded specialized asset management company) since 1990 and was its Chief Executive Officer from 1988 until 2004, and President from 2000 until 2003. In addition, Mr. Cohen has been Chairman of the Managing Board of Atlas Pipeline Partners GP, LLC, the general partner of Atlas Pipeline Partners, L.P., since its formation in 1999, Chairman of the Board and Chief Executive Officer of Atlas Pipeline Holdings GP, LLC, the general partner of Atlas Pipeline Holdings, L.P., since its formation in January 2006. He is also Chairman of the Board of Resource Capital Corp. (a publicly-traded real estate investment trust) since its formation in September 2005, a Director of TRM Corporation (a publicly-traded consumer services company) since 1998 and Chairman of the Board of Brandywine Construction & Management, Inc. (a property management company) since 1994.

Organization Position Status
Atlas Pipeline Partners GP, LLC Chief Executive Officer Current
Atlas Pipeline Holdings, L.P. Chairman & CEO Current
Resource Capital Corp. Chief Executive Officer Current
Atlas America, Inc. Chief Executive Officer Current
Atlas Energy Resources, LLC Chairman & CEO Current
Atlas Energy Management, Inc. CEO Current
Resource Capital Corp. President Current
Atlas Pipeline Partners LP Chairman CEO & President Current
Resource America, Inc. Chairman of the Board of Directors Current
Atlas America, Inc. Chairman Current
Brandywine Construction & Management Chairman of the Board Current
Atlas Pipeline Partners GP, LLC Chairman Current
Resource Capital Corp. Director Current
Atlas Energy Management, Inc. Vice Chairman of the Board Current
Atlas America, Inc. Vice Chairman Current
Resource Properties, Inc. CEO Former
ACCESS TO MONEY, INC. Chief Executive Officer Former
Atlas Energy Ltd Chief Executive Officer Former
Resource Capital Corp. Chairman and Director Former
ACCESS TO MONEY, INC. President Former
Resource America, Inc. Executive Vice President Former
Atlas Pipeline Partners LP General Partner Former
Atlas Energy Management, Inc. Manager Former
Atlas Energy Ltd Chairman of the Board Former
Resource America, Inc. Board of Directors Former
RAIT Financial Trust Secretary Former
RAIT Financial Trust Vice Chairman Former
Atlas Pipeline Partners GP, LLC Vice Chairman Former
Atlas Pipeline Partners LP Board of Directors Former
ACCESS TO MONEY, INC. Board of Directors Former

Senior Principal of Resource Financial Institutions Group, Inc. (RFIG) since 2005, and Senior Vice President of (RFFM) since 2004 and Managing Director and Portfolio Manager of Trapeza Capital Management, LLC, since 2005. Prior to joining Resource America, Mr. Govindan was Principal of Beehive Ventures, LLC, a Deutsche Bank-seeded early stage private equity firm investing in companies providing products and services to the financial services industry. Prior to that, he served as Director of Corporate Development for IQ Financial Systems, Inc., a DB Ventures portfolio company. Mr. Govindan began his career structuring and selling fixed income derivatives at Bankers Trust.

Organization Position Status
Resource America, Inc. Senior Principal Current

Organization Position Status
Resource America, Inc. Chairman Current
Resource America, Inc. Board of Directors Current

Organization Position Status
TRM Corporation Board of Directors Current
Resource America, Inc. Board of Directors Current
LEAF Financial Corp. Board of Directors Current
Resource America, Inc. Member Former

Organization Position Status
Geo Genesis Group, Inc. Chairman, Advisory Board Current
Resource America, Inc. Board of Directors Current
Global Sealand Development Ltd. Director Current
Herley-CTI Director Current
Economic Development Assistant Secretary Former
Economic Development Board of Directors Former
Inter-American Development Bank Board of Directors Former
The Catholic University of America Master of City and Regional Planning Former
Michigan State University BS In Building Construction Management Former
U.S. Naval Postgraduate School Diploma In Engineering Science Former

Mr. Kozlov is a partner in the law firm WolfBlock's Business Litigation Practice Group, a member of the Executive Committee and the Managing Partner of the firm's Cherry Hill, N.J. office.

Organization Position Status
Resource America, Inc. Board of Directors Current

Jeffrey C. Simmons has been an Executive Vice President since January 2001 and was a director from January 2002 until February 2004. Mr. Simmons has been a Senior Vice President of Atlas Energy Management since its formation in June 2006 and Executive Vice President of Operations and a director of Atlas Resources since January 2001. Mr. Simmons has been a Senior Vice President of Atlas Energy Resources since April 2007. Mr. Simmons was a Vice President of Resource America from April 2001 until May 2004. Mr. Simmons joined Resource America in 1986 as a senior petroleum engineer and has served in various executive positions with its and our energy subsidiaries since then.

Organization Position Status
Atlas America, Inc. Executive Vice President Operations and A Director Current
Atlas Energy Management, Inc. Senior Vice President Current
Atlas Pipeline Partners LP Senior Vice President, Operations Current
Atlas Pipeline Partners LP Board of Directors Current
Resource America, Inc. Director Current
Resource America, Inc. Evpâ??Operations Former
Atlas America, Inc. Vice President of Operations Former
Resource America, Inc. Vice President Former
Resource America, Inc. Senior Petroleum Engineer Former
Atlas America, Inc. Director Former
Atlas Resources Director Former
Ashland University Masters Degree In Business Administration Former
Marietta College Bachelor of Science Degree Former

President and Senior Portfolio Manager of Ischus Capital Management LLC (Ischus), a wholly-owned subsidiary of RFFM. Before Joining Ischus, Mr. Sullivan headed up the trading of all structured finance, RMBS, and CMBS product for State Street Research and Management Company of Boston, MA. Mr. Sullivan has been the head of residential credit at Ischus Capital for the previous four years leading up to his current role. Mr. Sullivan is a CFA charter holder and a member of the Boston Securities Analysts Society. Mr. Sullivan has a B.S. in Finance from Providence College where he was a member of the Liberal Arts Honors Program.

Organization Position Status
Resource America, Inc. Board of Directors Current
Providence College B.S. In Finance Former

Organization Position Status
Resource America, Inc. Board of Directors Current

Organization Position Status
Medi-Promotions, Inc. Vice President Sales Current
Resource America, Inc. Board of Directors Current
Resource America, Inc. Vice President of Sales and Marketing Former
Temple University James E. Beasley School of Law Former

Organization Position Status
Atlas Pipeline Partners GP, LLC Board of Directors Current
Resource America, Inc. Board of Directors Current

Executive News

  • Atlas Energy Resources, LLC to Present at the Enercom Oil and Gas Conference

    Business Wire - 8/12/09 - View Story

  • Atlas Energy Reports Financial Results for the Second Quarter 2009; Substantially Increases Its Estimate of Potential Gross Reserves from Its Marcellus Acreage in Southwestern Pennsylvania to 9.125 TCFE

    Yahoo! Canada - 8/10/09 - View Story

  • Resource America, Inc. Reports Operating Results for the Third Fiscal Quarter Ended June 30, 2009

    Find Articles - 8/06/09 - View Story

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     REXI $4.04 +0.16 (4.12% )
Average Volume 26,137
Shares Outstanding 18.45M
Market Cap 74.6M
Year High 6.86
Year Low 2.68
Earnings Per Share -1.36
P/E Ratio -2.97
Dividend 0.12
Yield 2.97
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