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RAIT Financial Trust history
RAIT Financial Trust company history timeline
RAIT was founded in August 1997 by Resource America, Inc. at which time it was led by Betsy Z. Cohen.
In July 2009, the company sold its residential mortgage portfolio to Angelo Gordon for $15.8 million and took a $62 million loss on the sale.
In November 2015, the company signed a lease to move its offices from the Cira Centre.
In May 2017, the company sold UBS Plaza for $14 million.
In December 2018, the company sold PlazAmericas.
In August 2019, after defaulting on its bonds, RAIT filed bankruptcy and agreed to be acquired by Fortress Investment Group for $174.4 million.
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RAIT Financial Trust competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Seritage Growth Properties | 2015 | $17.6M | 63 | - |
| Rockpoint | 2003 | $7.1M | 102 | - |
| EastGroup Properties, Inc. | - | $640.2M | 72 | 2 |
| RLJ Lodging Trust | 2000 | $1.3B | 77 | 4 |
| Kimco Realty | 1958 | $2.0B | 484 | 35 |
| Origen Financial | 1996 | $31.3M | 1 | - |
| Columbia Property Trust | 2003 | $300.6M | 95 | - |
| Nitya Capital | 2013 | $1.2M | 39 | - |
| The Hampshire Companies | - | - | - | - |
| National Equity Fund | 1987 | $860,000 | 50 | - |
RAIT Financial Trust history FAQs
Zippia gives an in-depth look into the details of RAIT Financial Trust, including salaries, political affiliations, employee data, and more, in order to inform job seekers about RAIT Financial Trust. The employee data is based on information from people who have self-reported their past or current employments at RAIT Financial Trust. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by RAIT Financial Trust. The data presented on this page does not represent the view of RAIT Financial Trust and its employees or that of Zippia.
RAIT Financial Trust may also be known as or be related to RAIT Financial Trust and Rait Financial Trust.