C-III Capital-backed Resource REIT II completed the acquisition of Resource REIT I and Resource REIT III.

C-III Capital-backed Resource Real Estate Opportunity REIT II, an asset management company that specializes in real estate investments, completed the acquisition of Resource Real Estate Opportunity REIT and Resource Apartment REIT III. Financial terms were not disclosed. “This has been a long, difficult and unrelenting past year for the country and for those around the world. At Resource, our team has been laser focused on operating our assets expertly throughout the pandemic and simultaneously working towards the successful completion of the mergers. The combined $3bn company with 51 apartment communities, located in some of the strongest suburban markets in the country, is well-positioned to take advantage of multifamily investment opportunities in the coming years,” Alan Feldman, Resource Chairman and CEO.