Resource Real Estate LLC (New York)


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.