RAIT Investment Trust, Philadelphia, has priced an offering of 2.0 million shares of common stock at $22.75 per share.The real estate investment trust estimated that its net proceeds will total $43.4 million, which will be used to repay debt, originate loans, and acquire loans and property interests. The co-managers of the offering were U.S. Bancorp Piper Jaffray Inc. and Stifel, Nicolaus & Co. The REIT can be found on the Web at http://www.raitinvestmenttrust.com.
RAIT Prices Stock Offering
October 23, 2003, 2:00 p.m. EDT 1 Min Read
