Resource America, Inc. (NASDAQ: REXI) (the "Company") announced today that its Board of Directors has appointed Richard Reiss, Jr. to its Board of Directors.

Mr. Reiss is Chairman of Georgica Advisors and its affiliated entities, Reiss Capital Management and Value Insight Partners. From 1978 until 1997, Mr. Reiss was a managing partner of Cumberland Associates and its affiliates. Mr. Reiss has served as a Director of O'Charley's, Grey Global, RFS Investors, Eller Media, LSSi Corporation and is currently the lead independent Director of the Lazard Funds. He is also the co-founder of a number of private businesses including Fairwood Hospitality, Capital Q Restaurants, and MCR Development. In addition, Mr. Reiss is Chairman of the Center on Law & Security at NYU Law School, Vice-Chairman of The New York Historical Society, a trustee of Prep for Prep, and is a member of the President's Leadership Council at Dartmouth College. He is a former trustee of New York University School of Law, The Manhattan Institute, The New School and Barnard College.

Jonathan Z. Cohen, the Company's President and Chief Executive Officer said, "Rick Reiss is widely respected in the business and philanthropic communities. The depth and breadth of his experience will provide additional perspectives to our Board and we are very pleased to welcome him."

Resource America, Inc. is an asset management company that specializes in real estate and credit investments. The Company's objective is to be best in class among asset managers in the real estate and credit sectors as measured by returns to investors and the quality of the funds and businesses it manages. Resource America's investments emphasize consistent value and long-term returns with an income orientation. For more information please visit our website at www.resourceamerica.com or contact Marketing and Investor Relations at pkamdar@resourceamerica.com.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. The Company undertakes no obligation to update or revise any forward looking statement to reflect new or changing information or events.