Jim Harris's Allco Leasing and Financial Services sold to Resource America, Inc.'s LEAF Financial Corporation

PHILADELPHIA-)----Resource America Inc. (NASDAQ:REXI) announces that its wholly owned leasing subsidiary LEAF Financial Corporation ("LEAF") has expanded its lease origination capability and assets under management with the business acquisition of Allco Leasing and Financial Services of Lake Oswego, OR. The acquisition includes both a portfolio of leases with a value of $27 million bought on behalf of LEAF's investment partners and hundreds of long term customer relationships. In addition LEAF will be gaining experienced leasing personnel in a strategic West Coast location. After this acquisition, LEAF will manage approximately $250 million of leases for its own account, for institutions and for third party investors. The acquisition was facilitated by the investment banking services of Diversity Capital, LLC and bridge financing was provided by the Philadelphia office of National City Bank.

Allco Leasing and Financial Services is a commercial equipment finance company established in 1977, that specializes in small to mid-ticket equipment leasing and originates, funds, services, and acquires leases primarily in the western United States.

In its nearly thirty years of operations it has originated over $300 million in equipment leases. Jim Harris, President of Allco Enterprises, Inc. said, "The sale of our leasing operation to the LEAF Financial Corporation will allow Allco Leasing to continue to provide the same quality service to its existing customer base and expand the type of products it offers its referral sources."

Crit DeMent, Chairman and CEO of LEAF, said, "We are pleased to welcome the Allco team members to the LEAF family. Allco's strategy of originating business through referrals and building strong customer relationships will enhance the LEAF business model. We believe this strategy is scaleable and can be implemented nationwide. Not only will this enhance our origination capability but our investment partners will benefit from the quality of the assets generated by the Allco channel."

LEAF Financial Corporation is a commercial finance company headquartered in Philadelphia, PA. LEAF's business model is to originate small to middle ticket equipment leases and loans within the small to mid sized business market by forming strategic marketing alliances and other program relationships with equipment vendors, commercial banks and other financial institutions. After origination, LEAF manages the leases for its own account, institutions, and individual investors through investment partnerships and other investment vehicles.

Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the equipment leasing, structured finance, real estate and energy industries. For more information, please visit our website at www.resourceamerica.com, or contact investor relations at pschreiber@resourceamerica.com

Resource America, Inc., Philadelphia Pamela Schreiber, 215-546-5005 215-546-5388 (facsimile)