PHILADELPHIA–(BUSINESS WIRE)–Resource Real Estate, Inc. and its affiliated broker-dealer, Resource Securities, Inc. (collectively, “Resource”), announced the expansion of its sales force from 12 to 17 territories. Ten recently hired external and internal wholesalers have joined the team and will be promoting all of Resource’s investment offerings.
Resource’s principal hiring initiative was targeted at external wholesalers, with seven new Regional Vice Presidents added in just the last two months. This larger external sales team enables Resource to more efficiently and completely service its advisor community and broker-dealer network.
Led by Senior Vice President and National Sales Director Russ Nesevich, the previously separate liquid alternatives and non-traded REIT sales teams have been combined to form a single integrated, expansive and comprehensive sales force. The move was made in response to feedback from advisors who expressed their preference for a single point of contact for all of the company’s offerings.
“Resource is even more committed to providing high-quality, innovative products to our investors and distribution partners. The expansion of our sales team provides better coverage for our clients and demonstrates our strong commitment to the retail channel,” said Mr. Nesevich.
In an effort to maintain scale, additional sales management roles have been added. Theodore Segal, who has been with Resource for nine years, has been promoted to the role of Eastern Division Sales Manager.
Resource’s platform currently includes two interval funds, one of which hit its three-year milestone in the first quarter, and a non-traded REIT that focuses on creative office assets. Resource also has plans to build upon its track record of multifamily offerings in the near future.
About Resource Real Estate
Resource Real Estate is a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. For over two decades, Resource and its affiliates have managed real estate assets for institutional and individual investors. Resource and its parent company have offices in New York, Los Angeles, Denver, London, Singapore, as well as its headquarters in Philadelphia and additional locations across the U.S.
Resource owns and manages real estate assets with an aggregate value of approximately $4.1 billion and is a wholly owned subsidiary of Resource America (NASDAQ: REXI). As of December 31, 2015, Resource America managed $21.7 billion gross assets under management across various asset classes.
About Resource Securities
Resource Securities is a broker-dealer registered with the Securities and Exchange Commission and is a member of FINRA and SPIC. Resource Securities is an affiliate of Resource Real Estate, Inc. and is a wholly owned subsidiary of Resource America, Inc. Shares of all Resource Real Estate products are offered though Resource Securities, Inc.