Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Sep. 30, 2011

Schedule III Real Estate and Accumulated Depreciation [Abstract]

Schedule III Real Estate and Accumulated Depreciation

Resource America, Inc.

SCHEDULE III

Real Estate and Accumulated Depreciation

September 30, 2011

(dollars in thousands)

Column A	Column B		Column C		Column D		Column E		Column F		Column G		Column H	Column I
Description	Encumbrances		Initial Cost to Company		Cost Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period		Accumulated Depreciation		Date of Construction		Date Acquired	Life on Which Depreciation in Latest Income is Computed
			Buildings and Land Improvements		Improvements Carrying Costs		Buildings and Land Improvements Total
Real Estate Owned:
Hotel Savannah, GA	$	10,007	$	10,187	$	2,114	$	16,588	$	4,537		1853	6/30/2005	40 years

Commercial Philadelphia, PA		−		2,874		540		3,413		248		1924	1/09/2009	37 years

Office Building Moberly, MO		1,440		1,866		−		1,866		166		1998	11/30/2007	39 years

Assets of Consolidated
Variable Interest Entity (a):
Commercial Retail Elkins West, WV		−		1,600		−		1,600		656		1963	7/01/2003	40 years

	$	11,447	$	16,527	$	2,654	$	23,467	$	5,607

(a)	The date acquired reflects the date the Company adopted the provisions of FASB Accounting Standards Codification, or ASC, section 810-10. Amounts as reflected for the variable interest entity are on a one-quarter lag as permitted under ASC 810-10.

	Years Ended September 30,
	2011		2010		2009
Balance, beginning of year	$	23,234	$	25,241	$	22,132

Additions:
Acquired through foreclosure		−		−		2,874
Improvements		233		293		235
Other – basis adjustments		−		−		−
		23,467		25,534		25,241
Deductions:
Cost of real estate sold		−		2,300		−
Other − write-down		−		−		−

Balance, end of year	$	23,467	$	23,234	$	25,241

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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