UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 3, 1997
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Resource America, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-4408 72-0654145
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(State or other jurisdiction (Commission (IRS Employer
incorporation) File Number) Identification No.)
1521 Locust Street, 4th Floor, Philadelphia, Pennyslvania 19102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 546-5005
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Item 5. Other Events.
On September 3, 1997, Resource Asset Investment Trust ("RAIT"), a
Maryland real estate investment trust of which the registrant is the sponsor,
filed a registration statement with the Securities and Exchange Commission with
respect to a proposed offering of 10 million of RAIT's common shares of
beneficial interest. RAIT has been formed to acquire and provide mortgage and
other debt financing in situations that, generally, do not conform to the debt
underwriting standards of institutional lenders or sources that provide
financings through securitization.
Friedman, Billings, Ramsey & Co., Inc. will act as managing underwriter
for the offering. It is anticipated that the proposed offering will commence
on or about October 15, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RESOURCE AMERICA, INC.
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(Registrant)
Dated: September 10, 1997 By: /s/Nancy J. McGurk
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Nancy J. McGurk
Vice President - Finance and Treasurer
