Debevoise & Plimpton LLP is advising Evercore as financial advisor to Resource America, Inc. in its sale to C-III Capital Partners LLC, a commercial real estate services company engaged in a broad range of activities. Under the terms of the agreement, Resource America stockholders will receive $9.78 per share in cash, or a total of approximately $207 million.
Resource America is the external manager of one publicly traded REIT, four non-traded REITs and two other registered investment companies and focuses on capital-raising activities through the independent broker-dealer network.
The Debevoise team is led by partner Jonathan E. Levitsky and includes associates Usman Arain and Adam Hankiss.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.