RAIT Financial Trust (RAS), a real estate investment trust (REIT), has augmented the operations of RAIT Securities LLC by hiring seasoned professionals and bringing on board invaluable experience. RAIT Securities offers commercial real estate advisory services to a host of clients.
In order to ramp up sales in RAIT Securities, RAIT Financial Trust has hired Steven Lewis and Daniel Hill. Steven Lewis served at Wells Fargo Securities for the last 25 years, while Daniel Hill served at Merrill Lynch for 27 years. Besides valuable market insights, the newly inducted management professionals also provided broad institutional issuer and investor relationships to facilitate more trading business for RAIT Securities.
The range of services currently offered by RAIT Securities include strategic advisory services to financial institutions and other investors, asset valuation, acquisition and disposal of assets, asset restructuring and repositioning, asset management, property management and loan servicing.
RAIT Financial Trust is primarily engaged in the lending and investment aspects of the real estate business. The company primarily invests in the following asset classes: 1) commercial mortgages and mezzanine loans 2) trust preferred securities 3) residential mortgage loans 4) mortgage-backed securities 5) real estate investments, and 6) preferred equity in entities that own real estate.
RAIT Financial Trust generates revenues from the interest and dividend income earned on its investment portfolio, origination and asset management fees. The company’s net investment income is the difference between interest income on the investment portfolio and the cost of financing the portfolio.
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