-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WAHsqrXddc40vy8LnVzGL9wBvVR38dlylVvZGaIQpDSW4g2dfpySWKY5VCKJyGKh
 TrJH4ZW6sd1azIymFa2Aqg==

<SEC-DOCUMENT>0001018428-05-000002.txt : 20050317
<SEC-HEADER>0001018428-05-000002.hdr.sgml : 20050317
<ACCEPTANCE-DATETIME>20050317173004
ACCESSION NUMBER:		0001018428-05-000002
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050316
FILED AS OF DATE:		20050317
DATE AS OF CHANGE:		20050317

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RESOURCE AMERICA INC
		CENTRAL INDEX KEY:			0000083402
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		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:			BRADLEY MICHAEL J
		CENTRAL INDEX KEY:			0001018428

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04408
		FILM NUMBER:		05689860

	BUSINESS ADDRESS:	
		STREET 1:		C/O SOURCECORP INC
		STREET 2:		3232 MCKINNEY AVENUE STE 1000
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75204
		BUSINESS PHONE:		2147406500

	MAIL ADDRESS:	
		STREET 1:		1370 SOUTH LEOPARD ROAD
		CITY:			BERWYN
		STATE:			PA
		ZIP:			19312
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3mjb3172005_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-03-16</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001018428</rptOwnerCik>
            <rptOwnerName>BRADLEY MICHAEL J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1845 WALNUT STREET, 10TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19103</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>403</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The undersigned has received 403 units under the Resource America, Inc. 2002 Non-Employee Directors Deferred Stock and
Deferred Compensation Plan (the &quot;2002 Plan&quot;). Each unit represents the right to receive one share of the Company's
Common Stock upon termination of the undersigned as a director of the Company, subject to vesting provisions. The units in
the 2002 Plan vest on the later of (i) the fifth anniversary of the date he first became an Eligible Director and (ii) the
 first anniversary
of the grant of those units. The shares are receivable on account of the undersigned's service as a director and without
 additional consideration.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Michael J. Bradley</signatureName>
        <signatureDate>2005-03-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----