RAIT Fails to Shed Light on Debt Deals

A RAIT representative didn't return calls for comment on the CDOs.

One last issue: RAIT's Taberna subsidiary this year put together its first CDO for European real estate debt. The total package is $600 million euros, equal to about $822 million U.S. dollars, based on the latest currency rates.

The deal was not consolidated as of March 31. It is believed that the CDO deal has not yet been fully sold to investors. If this is true, that means there is a large portion of real estate debt that RAIT has purchased from undisclosed real estate companies and hasn't resold yet. In general, it is becoming much more difficult to sell such notes.

How much of the deal might RAIT be left with? It's just one of several questions left for management to answer.

« Previous Page

1 2 3 4

Next Page »