Resource Real Estate acquires real estate assets of Paladin

Resource Real Estate Opportunity REIT, a unit of Resource America, announced that it has acquired all of the real estate assets of Paladin Realty Income Properties. The acquired assets consist of interests in 11 joint ventures, encumbered by approximately $145M of debt. The Opportunity REIT paid $51.2M to Paladin in exchange for these assets. The 12 properties owned by these joint ventures contain a total of 2,513 apartment units and 75,518 square feet of office space.