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RAIT Financial Trust's Filing for Bankruptcy Protection Marks Rare Crash Since Recession

Fortress Investment Group Looks to Acquire Assets of Publicly Traded REIT
Among RAIT Financial Trust's assets to be sold through a bankruptcy auction is Oakland Plaza in Troy, Michigan. (CoStar)
Among RAIT Financial Trust's assets to be sold through a bankruptcy auction is Oakland Plaza in Troy, Michigan. (CoStar)
CoStar News
September 3, 2019 | 4:36 P.M.

RAIT Financial Trust's filing for Chapter 11 bankruptcy reorganization comes after a decade of struggles that may make it the first publicly traded real estate investment trust to seek such protection from creditors since the end of the Great Recession.

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