RAIT Financial Trust Sells Collateral Management Rights on Eight Taberna Securitizations

PHILADELPHIA--(Business Wire)--
RAIT Financial Trust ("RAIT") (NYSE: RAS) today announced that, as part of its
ongoing strategy to focus its resources on its core commercial real estate
platform, it has sold or delegated its collateral management rights and
responsibilities relating to eight Taberna securitizations with approximately
$5.9 billion in total assets under management to an affiliate of certain funds
managed by an affiliate of Fortress Investment Group LLC for $16.5 million.
These securitizations were not consolidated by RAIT and were comprised of
Taberna Preferred Funding II, Ltd. through Taberna Preferred Funding VII, Ltd.,
Taberna Europe CDO I, P.L.C., and Taberna Europe CDO II, P.L.C.

Scott Schaeffer, RAIT`s Chief Executive Officer, said, "This transaction and
corresponding cost savings are another positive step for RAIT as we continue to
focus RAIT`s business and resources on our vertically integrated commercial real
estate platform."

About RAIT Financial Trust

RAIT Financial Trust manages a portfolio of real estate related assets, provides
a comprehensive set of debt financing options to the real estate industry and
invests in real estate related assets. RAIT's management uses its experience,
knowledge and relationship network to seek to generate and manage real estate
related investment opportunities for RAIT and for outside investors. For more
information, please visit www.raitft.com or call Investor Relations at
215.243.9000.

RAIT Financial Trust Contact
Andres Viroslav
215-243-9000
aviroslav@raitft.com

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