RAIT Investment Trust, Philadelphia, has priced an offering of 1.75 million common shares at $20.75 per share.The real estate investment trust said it will use the estimated net proceeds of $34.7 million to repay debt, originate and purchase loans, and acquire property interests. RAIT has granted the underwriter, Friedman, Billings, Ramsey & Co. Inc., a 30-day option to buy an additional 262,500 shares to cover any overallotments. The REIT can be found online at http://www.raitinvestmenttrust.com.
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