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RAIT Financial Trust Schedules Second Quarter 2010 Financial Results Release Date and Conference Call

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PHILADELPHIA--([ BUSINESS WIRE ])--RAIT Financial Trust (NYSE: RAS) today announced that it expects to release its second quarter 2010 financial results before U.S. stock markets open on Friday, July 23, 2010 and invites investors and other interested parties to listen to its quarterly results conference call on Friday, July 23, 2010 at 10:00 a.m. Eastern time.

All interested parties can access the live conference call webcast from the home page of the RAIT Financial Trust website at [ www.raitft.com ] or by dialing 800.706.7741, access code 35733973. For those who are not available to listen to the live call, the replay will be available shortly following the live call on RAITa™s website and telephonically until Friday, July 30, 2010 by dialing 888.286.8010, access code 31239567.

About RAIT Financial Trust

RAIT Financial Trust manages a portfolio of real estate related assets, provides a comprehensive set of debt financing options to the real estate industry and invests in real estate related assets. RAIT's management uses its experience, knowledge and relationship network to seek to generate and manage real estate related investment opportunities for RAIT and for outside investors. For more information, please visit [ www.raitft.com ] or call Investor Relations at 215.243.9000.