8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT

        Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): July 11, 2005

Resource America, Inc.

(Exact name of registrant as specified in its chapter)

Delaware	0-4408	72-0654145
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
1845 Walnut Street, Suite 1000 Philadelphia, PA		19103
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: 215-546-5005

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

    On July 11, 2005, Resource Capital Corp. ("RCC") issued a press release announcing that it had filed a registration statement with the Securities Exchange Commission for the initial public offering of $287.5 million of its common stock. RCC is externally managed by Resource Capital Manager, Inc., a wholly-owned subsidiary of Resource America, Inc. A copy of the press release is attached as an exhibit hereto.

    A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

    The information in this Current Report is being furnished, not filed, pursuant to Regulation FD. The information in this Current Report, including the exhibit hereto, shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. The furnishing of the information in this Current Report is not intended to, and does not, constitute a determination or admission that the information in this Current Report is material, or that investors should consider this information before making an investment decision with respect to any security of RCC.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

99.1 Press release of Resource Capital Corp. dated July 11, 2005.

SIGNATURES

               Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Resource America, Inc.

Dated: July 11, 2005 /s/ Thomas C. Elliott           
Thomas C. Elliott
Senior Vice President,
Finance

EX-99

FOR IMMEDIATE RELEASE

Contact:	Thomas C. Elliott
	Senior Vice President
	Resource America, Inc.
	1845 Walnut Street, 10th Floor
	Philadelphia, PA 19103
	(215)546-5005
	(215)546-4785 (facsimile)

RESOURCE CAPITAL CORP. FILES REGISTRATION STATEMENT
FOR INITIAL PUBLIC OFFERING OF ITS COMMON STOCK

Philadelphia, PA - July 11, 2005 - Resource Capital Corp. ("RCC")announced today that it has filed a Registration Statement with the Securities and Exchange Commission for the initial public offering of $287.5 million of its common stock. RCC expects that a substantial majority of the stock to be offered will be newly issued stock and that the balance will be the stock of selling stockholders. RCC intends to elect and qualify to be treated as a real estate investment trust, or REIT, for federal income tax purposes. It intends to invest in a combination of real estate-related assets and, to a lesser extent, commercial finance assets. RCC’s investments will target the following asset classes: commercial mortgage-backed and residential mortgage-backed securities, B notes, mezzanine debt related to commercial real estate, syndicated bank loans, other asset-backed securities, equipment leases, trust preferred securities and private equity investments. RCC’s ability to execute its multi-asset class strategy will be subject to limitations imposed by REIT qualification standards and requirements for exclusion from regulation under the Investment Company Act. RCC began operations in March 2005.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

A copy of the prospectus for the offering, when available, may be obtained from Credit Suisse First Boston LLC, Eleven Madison Avenue, New York, NY 10010; Friedman, Billings, Ramsey and Co., Inc., 1001 Nineteenth Street North, Arlington, VA 22209; Citigroup Global Markets, Inc., 388 Greenwich Street, New York, NY, 10013; or J.P. Morgan Securities Inc., 277 Park Avenue, New York, NY 10172.