RAIT Financial Trust Cira Centre, 2929 Arch Street, 17th Floor Philadelphia, PA 19104At Market Issuance Sales Agreement • May 25th, 2012 • RAIT Financial Trust • Real estate investment trusts
We have acted as your special Maryland counsel for the limited purpose of rendering certain opinions in connection with the transactions contemplated by the At Market Issuance Sales Agreement, dated May 21, 2012, between RAIT Financial Trust (the “Company,” “you,” or “your”) and MLV & Co. LLC (the “Sales Agreement”). Capitalized terms defined in the Sales Agreement and used (but not otherwise defined) herein, are used herein as so defined. This opinion is being rendered to you for submission to the Commission (as herein defined) as an exhibit to the Registration Statement (as herein defined). In regard to rendering the opinions herein, you should note that we did not participate in any aspect of the drafting or negotiation of the Sales Agreement.
RAIT FINANCIAL TRUST Preferred Shares (par value $0.01 per share) At Market Issuance Sales AgreementAt Market Issuance Sales Agreement • May 25th, 2012 • RAIT Financial Trust • Real estate investment trusts • New York
RAIT Financial Trust, a Maryland real estate investment trust (the “Company”), confirms its agreement (this “Agreement”) with MLV & Co. LLC (the “MLV”), as follows:
