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Stock Trading History of Licht Raphael

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Licht Raphael since year 2005. The trader's CIK number is 1383119. At the time of this reporting, Licht Raphael is the CAO, CLO & Secretary of Rait Investment Trust . (stock ticker symbol RAS). See this page for all insider trading activities at Rait Investment Trust .

Stock purchases, sales, and option exercises reported by insider *Licht Raphael* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2008-11-14	RAS	Rait Investment Trust	Purchase	5,000	2.57	12,856
2008-05-29	RAS	Rait Investment Trust	Purchase	850	13.52	11,492
2007-08-06	RAS	Rait Investment Trust	Purchase	2,500	6.28	15,694
2007-01-24	RAS	Rait Investment Trust	Purchase	300	31.96	9,588

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Licht Raphael (CAO, CLO & Secretary of Rait Investment Trust at the time of this reporting) see the Securities and Exchange Commission (SEC) website.