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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 wKwm7/GH1bdhX4oGxIeenQ==

<SEC-DOCUMENT>0000899140-06-000414.txt : 20060306
<SEC-HEADER>0000899140-06-000414.hdr.sgml : 20060306
<ACCEPTANCE-DATETIME>20060306160954
ACCESSION NUMBER:		0000899140-06-000414
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060302
FILED AS OF DATE:		20060306
DATE AS OF CHANGE:		20060306

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RESOURCE AMERICA INC
		CENTRAL INDEX KEY:			0000083402
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				720654145
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		1845 WALNUT STREET
		STREET 2:		SUITE 1000
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		215-546-5005

	MAIL ADDRESS:	
		STREET 1:		1845 WALNUT STREET
		STREET 2:		SUITE 1000
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE EXPLORATION INC
		DATE OF NAME CHANGE:	19890214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMTR CORP
		DATE OF NAME CHANGE:	19700522

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Shubin Stein Kenneth H
		CENTRAL INDEX KEY:			0001345051

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04408
		FILM NUMBER:		06667408

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-586-4198

	MAIL ADDRESS:	
		STREET 1:		1995 BROADWAY
		STREET 2:		SUITE 1801
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10023
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>stein_rexi4-030606ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-03-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000083402</issuerCik>
        <issuerName>RESOURCE AMERICA INC</issuerName>
        <issuerTradingSymbol>REXI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001345051</rptOwnerCik>
            <rptOwnerName>Shubin Stein Kenneth H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SPENCER  CAPITAL MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>1995 BROADWAY,  SUITE 1801</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10023</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2006-03-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3600</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>17.16</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1891879</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4 is filed on behalf of Kenneth H. Shubin Stein, MD, CFA, an individual (the &quot;Reporting Person&quot;).  The Reporting
 Person is the controlling person of the following funds: Spencer Capital Management, LLC, a Delaware limited liability
 company; Spencer Capital Opportunity Fund, LP, a Delaware limited partnership; Spencer Capital Partners, LLC, a Delaware
 limited liability company; Spencer Capital Offshore Opportunity Fund, Ltd., a Cayman Islands exempted company; Spencer
 Capital Offshore Partners, LLC, a Delaware limited liability company; Spencer Capital Small Cap Fund, LP, a Delaware limited
 partnership; and Spencer Small Cap Partners, LLC, a Delaware limited liability company (collectively, the &quot;Funds&quot;).</footnote>
        <footnote id="F2">As of the date of this filing the Reporting Person is the direct beneficial owner of 3,600 shares of common stock, par value
 $0.001 per share (&quot;Common Stock&quot;).  By reason of the provisions of Rule 16a-1 of the Exchange Act and the relationship of
 the Reporting Person with the Funds, the Reporting Person may be deemed to be the beneficial owner of an indeterminate
 portion of 1,888,279 shares of Common Stock.  The Reporting Person disclaims beneficial ownership of all the shares of the
 Common Stock, except to the extent of any direct or indirect pecuniary interest therein, and this Form 4 shall not be deemed
 an admission that any such person is a beneficial owner of the shares of Common Stock reported as beneficially owned herein
 for purposes of Section 16 of the Exchange Act or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kenneth H. Shubin Stein, MD, CFA</signatureName>
        <signatureDate>2006-03-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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