| Business Summary | | RAIT
Investment
Trust
(RAIT)
is
a
real
estate
investment
trust
(REIT)
that
conducts
its
operations
through
RAIT
Partnership,
L.P.,
a
limited
partnership
that
owns
substantially
all
of
the
Company's
assets.
RAIT
has
three
principal
business
activities:
making
real
estate
loans
directly
to
borrowers;
acquiring
real
estate
loans
from
others;
and
acquiring
real
properties
or
interests
in
real
properties.
The
Company
makes
real
estate
loans
directly
to
borrowers
whose
financing
needs
do
not
conform
to
the
criteria
of
institutional
lenders
that
securitize
loans.
RAIT
acquires
existing
real
property
loans
held
by
banks,
other
institutional
lenders
or
third-party
investors.
The
Company
also
acquires
real
property
either
directly
or
indirectly
through
ownership
of
an
interest
in
an
entity
that
itself
owns
real
property. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RAS
principal
business
activity
is
to
provide
or
acquire
loans
secured
by
mortgages
on
commercial
real
estate
property
or
similar
instruments
in
situations,
that,
generally,
do
not
conform
to
the
underwriting
standards.
For
the
six
months
ended
6/30/01,
revenues
rose
24%
to
$22.9
million.
Net
income
before
extraordinary
items
increased
32%
to
$8
million.
Results
reflect
increased
rental
income,
and
decreased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Betsy Cohen, 59 Chairman,
CEO, Trustee | $458K | Scott Schaeffer, 38 Pres,
COO | 46K | Ellen DiStefano, 35 CFO
and Vice Pesident | 218K | S. Peter Albert, 61 Trustee | -- | Edward Brown, 60 Trustee | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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