RAIT Investment Trust Sets Annual Shareholders’ Meeting Date

RAIT Investment Trust Sets Annual Shareholders’ Meeting Date

Business Editors

PHILADELPHIA–(BUSINESS WIRE)–March 25, 2004

RAIT Investment Trust (NYSE:RAS) has set its annual meeting date for Monday, May 10, 2004 at 10:00 a.m. at the offices of RAIT Investment Trust, 1818 Market Street, 28th floor, Philadelphia, PA 19103. Shareholders of record for RAIT’s common shares as of March 8, 2004 are entitled to notice of and to vote at the meeting.

About RAIT Investment Trust

RAIT, a real estate investment trust, is a specialty finance company focused on the mid-size commercial real estate industry. RAIT provides structured financing to private and corporate owners of real estate, including senior and mezzanine lending and preferred equity investments. RAIT also acquires real estate for its own account.

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