Resource Real Estate joins forces with Channel Capital.

Resource Real Estate (RRE) today announced the launch of its institutional real estate global securities business via a joint venture with Channel Capital (Channel).

The joint venture known as RRE Global Property Securities (Australia), will offer global property securities investment from two key locations in Sydney and New York by expert portfolio managers, RRE’s Scott Crowe and John Snowden.

RRE is a wholly owned subsidiary of Resource America, a NASDAQ listed investment management company with around $15 billion under management. Channel will provide the funds management infrastructure to underpin the Australian investment offer.

“Resource Real Estate is excited to extend our global expertise in real estate and financial markets to Australian investors by offering the RRE Global Opportunity strategy,” said Alan Feldman, CEO of Resource Real Estate.

“In addition to our twenty year track record in direct real estate investment and loan origination, the combined experience of both Scott and John brings a global perspective to our real estate securities platform.”

Crowe joined RRE in 2012, and stalwart Australian global property securities investor, Snowden, was recently appointed to RRE’s global real estate team. With over 25 years in investment management, Snowden has held roles as Global Portfolio Manager for both Colonial First State and UBS. Snowden is responsible for the Asia Pacific region and Crowe, who oversees RRE’s entire real estate securities investing platform, is Portfolio Manager for the Americas and Europe.

Snowden and Crowe were former colleagues at UBS for many years and as a result, they share a common outlook and process methodology.

“The timing couldn’t be better for Scott and I to reunite. We see a great opportunity for investors to access the recovery phase of the global property cycle. Our approach selects the companies poised to benefit and is underpinned by a process developed over a decade to deliver strong returns for our clients.” said Mr Snowden.

The RRE Global Opportunity strategy provides institutional investors with unique access to global property securities by utilising Crowe and Snowden’s ‘next generation’ investment process.

Both have proven track records; Crowe developing his as Global Head of Real Estate Research at UBS and lead Global Portfolio Manager at Cohen & Steers in the US, while Snowden’s career includes responsibility for managing over $8 billion in funds under management for numerous specialist property funds in Australasia, London, Dublin, Hong Kong, Singapore and Japan.

“The RRE Global Opportunity Fund offers a highly differentiated approach. Our investment process identifies high quality growth companies at attractive valuations and our benchmark agnostic portfolio construction concentrates our client’s capital in the best opportunities globally,” said Mr Crowe.

The strategy will be officially launched to institutional investors with a series of meetings and events scheduled for late October.

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