Resource Real Estate LLC (New York)

Name: Resource Real Estate LLC
Address: 717 5 Th Avenue, New York, NY, 10022
Telephone: 212-506-3899

Resource Real Estate LLC is a large advisory firm based in New York. It manages $274.18 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018.

Resource Real Estate provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Resource Real Estate: assets under management

The assets under management (AUM) of Resource Real Estate LLC is $274.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $274.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $274.18 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Resource Real Estate LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Andrew Lawrence Farkas serves?

The only and largest group of clients of Andrew Lawrence Farkas is investment companies with 1 clients and $274.18 million of assets under management. Among the 10 most similar advisory firms, Resource Real Estate has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $274.18 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Resource Real Estate doesn't advise any private funds.

Careers at Resource Real Estate LLC

The company employs 113 people that are either part- or full-time employees. 11 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Andrew Lawrence Farkas has been acting as President since 1 Sep 2016. James Andrew Aston joined the executive team most recently as the Member Of Board Of Managers.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alan Frank Feldman	Chief executive officer	1 May 2004	Other	3150292
Llc Resource Real Estate Holdings	Sole member	1 May 2004	75% - 100%	65-1173932
Darshan Vishnu Patel	Senior vice president and chief compliance officer	1 May 2004	Other	4477767
David Edward Bloom	President & director	1 May 2004	Other	5909289
Michele Robin Weisbaum	Svp, general counsel, & secretary	1 Jan 2007	Other	5909480
Shelle Weisbaum	Svp, general counsel, & secretary	1 Jan 2007	Other	5909480
Thomas Charles Elliott	Senior vice president, treasurer	1 Jan 2008	Other	4885673
Steven Reed Saltzman	Senior vice president & chief financial officer	1 Jan 2014	Other	6620491
Darryl Hallowell Myrose	Senior vice president	1 Jan 2016	Other	2513780
Peggy L Gold	Senior vice president	1 Jan 2016	Other	5380884
Kyle Gervase Geoghegan	Senior vice president	1 Jan 2016	Other	3079343
Marshall Patrick Hayes	Managing director and executive vice president	1 Jan 2016	Other	3152486
Martin Caverly	Senior vice president	1 Jan 2016	Other	6759345
Yvana Rizzo	Senior vice president	1 Jan 2016	Other	6759349
Andrew Lawrence Farkas	Chairman	1 Sep 2016	Other	2364566
Frank Mcmurry Garrison	Executive vice president	1 Sep 2016	Other	1044606
Jeffrey Patrick Cohen	Executive vice president	1 Sep 2016	Other	4054078
George Edward Carleton	Executive vice president	1 Sep 2016	Other	5908634
Robert Cross Lieber	Executive vice president	1 Sep 2016	Other	711138
Matthew Jon Stern	Executive vice president	1 Sep 2016	Other	4554553
Lawrence Steven Block	Senior vice president, chief compliance officer & assistant secretary	1 Sep 2016	Other	3006613
Marc Levy	Executive vice president	1 Sep 2016	Other	6759934
Geoffrey Hamilton Woodward	Executive vice president	1 Sep 2016	Other	2731455
James Andrew Aston	Executive vice president	1 Sep 2016	Other	1680443
Paul Andrew Hughson	Executive vice president	1 Sep 2016	Other	2847756
John Snowden	Managing director	1 Aug 2017	Other	5840350
Paul Andrew Hughson	President	1 Mar 2018	Other	2847756
Marykathleen Foynes Gaza	Vice president-compliance and assistant secretary	1 Mar 2018	Other	2888464

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Resource America	Sole member	1 Feb 2003	75% - 100%	72-0654145
Andrew Lawrence Farkas	Member	1 Jul 2003	75% - 100%	2364566
Island Capital Group Llc	Member	1 Oct 2009	75% - 100%	36-4525612
Island C Iii Directives Llc	Managing member	1 Nov 2009	Other	27-1134955
Island C Iii Holdings Llc	Member	1 Feb 2010	50% - 75%	27-0457936
Island C Iii Manager Llc	Manager	1 Feb 2010	25% - 50%	27-1895025
Andrew Lawrence Farkas	Member of board of managers	1 Feb 2010	Other	2364566
Jeffrey Patrick Cohen	Member of board of managers	1 Feb 2010	Other	4054078
Frank Mcmurry Garrison	Member of board of managers	1 Feb 2010	Other	1044606
Sid B Reisman	Member of board of managers	1 Feb 2010	Other	5892645
Island C Iii Holdings Ii Llc	Member	1 Feb 2010	50% - 75%	27-0457936
Sidney Joseph Reisman	Member of board of managers	1 Feb 2010	Other	5892645
Anubis Advisors Llc	Member	1 Mar 2010	Other	27-2019792
Island Capital Group Llc	Member	1 Mar 2010	75% - 100%	36-4525612
Island C Iii Directives Ii Llc	Managing member	1 May 2010	Other	27-2594582
Island Capital Group Llc	Member	1 May 2010	Other	36-4525612
Island C Iii Holdings Ii Llc	Member	1 May 2010	25% - 50%	27-2594913
Michael Gershon Jesselson	Member of board of managers	1 May 2012	Other	1030833
C Iii Capital Partners Llc	Sole shareholder	1 Sep 2016	75% - 100%	27-1892368
James Andrew Aston	Member of board of managers	1 Jan 2019	Other	1680443

Based in New York

The principal office where Resource Real Estate LLC performs its advisory services is located at 717 5 Th Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Philadelphia, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-506-3899 or by fax 212-705-5001. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at resourceamerica.com.