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August 01, 2011 at 10:00 AM EDT
Independence Realty Securities, LLC Hires New National Accounts Manager

Independence Realty Securities, LLC (“Independence Securities”), a registered broker-dealer and wholly owned subsidiary of RAIT Financial Trust (“RAIT”) (NYSE: RAS), today announced the hiring of Jill McKenzie as its new National Accounts Manager. Jill will be responsible for developing and maintaining Independence Securities’ relationships with the independent broker dealer and financial advisor communities. She brings nine years of experience and deep relationships within these communities to Independence Securities.

Jill McKenzie was a founding member of the Financial Services Institute (“FSI”), an advocacy organization for independent broker-dealers and independent financial advisors. Prior to her time at FSI, she served as Corporate Relations Manager for the Financial Planning Association. Jill also spent ten years in sales management with Thompson Publishing Group. She is a graduate of the University of Mary Washington in Fredericksburg, Virginia.

About Independence Realty Securities, LLC

Independence Realty Securities, LLC, a registered broker-dealer (Member FINRA/SIPC), provides wholesaling, sales, promotional and marketing assistance services for real estate investment trusts (“REITs”) in connection with their securities offerings, including offerings by non-listed REITs sponsored by RAIT. RAIT is a publicly traded REIT that 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 throughout the United States.

Contacts:

Independence Realty Securities, LLC
Andres Viroslav, 215-243-9000
aviroslav@raitft.com
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