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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, February 15, 2020, Vol. 24, No. 45

                            Headlines

RAIT FINANCIAL: Incurs $43.35 Million Net Loss in December

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RAIT FINANCIAL: Incurs $43.35 Million Net Loss in December
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RAIT Financial Trust, a debtor affiliate of RAIT Funding, LLC,
filed with the U.S. Securities and Exchange Commission its monthly
operating report for December 1 to 31, 2019.

RAIT Financial Trust reported a net loss of $43.35 million on $0.63
million of total revenue for the month.

As of December 31, 2019, RAIT Financial Trust listed $163.43
million in total assets, $136.13 million in total liabilities, and
$27.31 million in total shareholders' equity.

RAIT Financial Trust had $4.24 million of total disbursements at
December 31, 2019.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/AXOUq9   

                  About RAIT Financial Trust

RAIT Financial Trust (OTC Pink: RASF) is an internally-managed real
estate investment trust ("REIT") focused on managing a portfolio of
commercial real estate (CRE) loans and properties. RAIT was formed
in August 1997 and commenced operations in January 1998.  Today,
RAIT utilizes its in-house commercial real estate asset management
platform to manage and service a portfolio of commercial real
estate assets totaling more than $1.5 billion.  The loan portfolio
RAIT manages was previously originated by RAIT and is secured by
diverse property types, including apartment, office and
light-industrial properties and neighborhood retail centers.

On Aug. 30, 2019, RAIT Funding, LLC (f/k/a Taberna Funding LLC) and
six affiliated companies, namely, RAIT Financial Trust, RAIT
General, Inc., RAIT Limited, Inc., Taberna Realty Finance Trust,
RAIT JV TRS, LLC, and RAIT JV TRS Sub, LLC., filed petitions in the
U.S. Bankruptcy Court for the District of Delaware seeking relief
under chapter 11 of the United States Bankruptcy Code.

The lead case is In re RAIT Funding, LLC (Bankr. D. Del. Lead Case
No. 19-11915.

The Company's bankruptcy petition lists both assets and liabilities
ranging from $100 million to $500 million.

The Debtors' jointly administered cases are assigned to Judge
Brendan Linehan Shannon.

Drinker Biddle & Reath LLP and Ledgewood, P.C., are acting as the
legal counsel; M-III Partners, L.P. is acting as financial advisor;
and UBS Securities, LLC is acting as investment banker to RAIT and
its affiliates in connection with the proposed sale and the
bankruptcy proceedings.  Epiq Corporate Restructuring, LLC, is the
claims agent, and maintains the Web site
https://dm.epiq11.com/rait

Stroock & Stroock & Lavan LLP and Young Conaway Stargatt & Taylor,
LLP, are acting as legal counsel to stalking horse bidder Fortress
Investment Group LLC and its affiliates.


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Troubled Company Reporter is a daily newsletter co-published
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