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  September 5, 2001
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Home > Company Index > Real Estate > REIT - Mortgage Investment > RAIT Investment Trust

RAIT Investment Trust
AMEX: RAS
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 PROFILE
RAIT Investment Trust (formerly Resource Asset Investment Trust) reaches out to those who have bad credit or cash flow dilemmas. The real estate investment trust (REIT) finances subprime mortgages passed over by other institutional lenders. It purchases or finances loans for apartment complexes, offices, and commercial properties; loan amounts are typically between $2 million and $30 million. Interest rates are higher because the loans are riskier. The REIT focuses on properties in Philadelphia and the Baltimore to Washington, DC, corridor, with an emphasis on mezzanine and wraparound loans. The firm also provides short-term bridge financing and owns some property, primarily apartment buildings in its key markets.

 COMPETITION
Anthracite Capital, Inc. (AHR)
CRIIMI MAE Inc. (CMM)
iStar Financial Inc. (SFI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 38.50
1-Yr. Sales Growth: 12.9%
Employees: 2
Revenue per employee: $19,250,000.00

 KEY PEOPLE
• Betsy Z. Cohen
    CEO
• Ellen J. DiStefano
    CFO

 CONTACT INFO
1818 Walnut St., 28th Fl.
Philadelphia, PA 19103
US
Phone: 215-861-7900
Fax: 215-861-7920
Online: Web Site

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