CRE REIT Says Stock Will Be Delisted on NYSE

JER Investors Trust Inc., a commercial real estate investment trust, said the New York Stock Exchange will permanently delist its common stock on Tuesday. The delisting will occur prior to the opening of trading that day, the REIT said. Its stock will continue to trade in the over-the-counter market. The delisting resulted from the REIT's failure to maintain a 30-day trailing average global equity market capitalization of at least $15 million as required by the NYSE. The REIT had $743.5 million in CRE mortgage-backed securities as of Sept 30, 2008. JER Investors Trust also said it has cancelled a previously planned public offering of $150 million in a new class A common stock due to market conditions. In addition, the REIT said it is discontinuing its regular quarterly dividend and will replace it with an annual dividend. JER is associated the J.E. Roberts Cos., McLean, Va.