By a News Reporter-Staff News Editor at Real Estate Weekly News -- On June 5, 2014, the board of directors of Resource Real Estate Opportunity REIT II authorized cash distributions to the stockholders of record at the close of business each day in the period commencing July 1, 2014 through and including September 30, 2014. The declared distributions will equal a daily amount of $0.00068493 per share of Common Stock. The July distributions are expected to be paid on August 1, 2014, the August distributions are expected to be paid on September 2, 2014, and the September distributions are expected to be paid on October 1, 2014.
The same day, the board of directors authorized a stock distribution of 0.00625 shares of our common stock, $0.01 par value per share (Common Stock), or 0.625 percent of each outstanding share of Common Stock to the stockholders of record at the close of business on June 30, 2014. The stock distribution is to be issued on July 14, 2014. About Resource Real Estate Opportunity REIT II Resource Real Estate Opportunity REIT II intends to acquire and operate a portfolio of multifamily real estate throughout the United States. The Opportunity REIT II's objectives are to provide capital preservation, current income and capital appreciation. The Opportunity REIT II is sponsored by Resource Real Estate, Inc., a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. Resource Real Estate is a wholly owned subsidiary of Resource America (NASDAQ: REXI).
Keywords for this news article include: Resource Real Estate Opportunity REIT II.
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