RAIT Investment Trust, Philadelphia, has priced 1.985 million shares of common stock in an offering expected to raise net proceeds of $53.9 million for the company.The offering was priced at $28.50 per share. Friedman, Billings, Ramsey & Co. was the sole underwriter. RAIT Investment Trust is a real estate investment trust that provides structured financing to private and corporate owners of real estate nationwide. The commercial REIT can be found online at http://www.raitinvestmenttrust.com.
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