RAIT Financial Trust

RAIT Financial Trust (“RAIT”) is an internally-managed Maryland real estate investment trust, or REIT, focused on managing a portfolio of commercial real estate (CRE) loans and properties. RAIT was formed in August 1997 and commenced operations in January 1998. Today, RAIT utilizes its in-house commercial real estate asset management platform to manage and service a portfolio of commercial real estate assets totaling more than $1.5 billion. The loan portfolio RAIT manages was previously originated by RAIT and is secured by diverse property types, including apartment, office and light-industrial properties and neighborhood retail centers.