Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
COOPERMAN LEON G
  2. Issuer Name and Ticker or Trading Symbol
Resource Capital Corp. [RSO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
88 PINE STREET, WALL ST PLAZA 31ST FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2006
(Street)

NEW YORK, NY 10005
4. If Amendment, Date Original Filed(Month/Day/Year)
06/14/2006
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Commom Stock 06/12/2006   P   11,500 A $ 12.15 886,867 I By Managed Accounts (1)
Common Stock 06/13/2006   P   19,400 A $ 12 906,267 I By managed accounts (1)
Common Stock 06/12/2006   P   9,800 A $ 12.15 31,000 I As investment advisor to Omega Overseas (1)
Common Stock 06/13/2006   P   21,600 A $ 12 52,600 I As investment advisor to Omega Overseas (1)
Common Stock               1,222,300 I As controlling Partner of limited partnerships (2)
Common Stock               150,000 I As Trustee of charitable foundation (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
COOPERMAN LEON G
88 PINE STREET
WALL ST PLAZA 31ST FLOOR
NEW YORK, NY 10005
    X    

Signatures

 Alan M. Stark as attorney for Leon G. Cooperman, Power of Attorney on file   07/26/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The securities reported are held in accounts of an unregistersed investment entity over which the Reporting Personhas investment discretion by virtue of being the the controlling shareholder of the investment advisor of said accounts. The Reporting person has a pecuniary interest limited to his interest therein and his share of the incentive allocation attributable thereto.
(2) The securities reported are held in an account of unregistered investment entities over which the Reporting Person has investment discretion by virtue of being the general partner or controlling shareholder of said entities. The Reporting Person has a pecuniary interest limited to his interest therein and his share of the incentive allocation attributable thereto.
(3) The securities reported are owned by the Leon and Toby Cooperman Foundation, a charitable trust of which Mr. Cooperman is a Trustee. Mr Cooperman disclaims beneficial ownership of the securities.

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