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RAIT Financial Trust (RAS)

On Feb 9: 1.04 USD   0.00 (0.00%)  
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RAIT Financial Trust
Cira Centre 2929 Arch Street
17th Floor
Philadelphia, PA 19104
Phone: 215-243-9000
Fax: 215-243-9039
Web Site: http://www.raitft.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Property Management
Employees (last reported count): 61

BUSINESS SUMMARY
RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT) in the United States and Europe. The company, through its subsidiaries, provides a set of debt financing options to the real estate industry; and invests in real estate related assets. It manages and invests various assets, including commercial mortgages, mezzanine loans, and other loans; trust preferred securities and subordinated debentures; residential mortgage loans; and mortgaged-backed securities, including residential mortgage-backed securities, commercial mortgage-backed securities, unsecured REIT notes, and other real estate-related debt securities. The company also invests in real estate interests in entities that own real estate. RAIT Financial Trust qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. RAIT Investment Trust was founded in 1997 and is based in Philadelphia, Pennsylvania.
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    OFFICERS
      Pay Exercised
    Mr. Scott F. Schaeffer , 47
    Chief Exec. Officer and Pres
    $ 1.09M $ 0
    Mr. Jack E. Salmon , 56
    Chief Financial Officer and Treasurer
    $ 962.00K $ 0
    Mr. Plamen M. Mitrikov , 36
    Exec. VP of Asset Management
    $ 1.09M $ 0
    Mr. Raphael Licht , 42
    Chief Operating Officer and Sec.
    N/A N/A
    Mr. Samuel J. Greenblatt ,
    Exec. VP of Originations
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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