RAIT Financial Trust (Resource Asset Investment Trust) is a real estate investment trust owned by Fortress Investment Group that manages commercial real estate loans and properties. It is headquartered at 130 West 42nd Street, New York City.[1]
History
RAIT was founded in August 1997 by Resource America, Inc. at which time it was led by Betsy Z. Cohen.[1][2]
In January 1998, the company became a public company via an initial public offering.[3]
In December 2006, the company merged with Taberna Financial Realty Trust.[4]