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Company:
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RAIT FINANCIAL TRUST (RASFQ)
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Form Type:
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8-K
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Filing Date:
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10/9/2019
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CIK:
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0001045425
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Address:
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TWO LOGAN SQUARE
100 N. 18TH STREET, 23RD FLOOR
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City, State, Zip:
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PHILADELPHIA, Pennsylvania 19103
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Telephone:
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215-207-2100
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$0.03
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Change:
-0.013 (-30.16%)
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Trade Time:
Dec 13
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Market Cap:
$0.06M
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Description of Business
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We are an internally-managed Maryland real estate investment trust, or REIT,
focused on managing a portfolio of commercial real estate (CRE) loans and
properties. As explained further below, we are currently undertaking steps
intended to increase RAIT's liquidity and better position RAIT to meet its
financial obligations as they come due. We were formed in August 1997 and
commenced operations in January 1998. We conduct our business through our real
estate lending, owning and managing segment concentrated on lending, owning and
managing commercial real estate assets throughout the United States. We
incorporate the discussion of this business segment here from Note 17 of Notes
to Consolidated Financial Statements set forth in Part II, Item 8, "Financial
Statements and Supplementary Data.
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