X0202 4 2007-08-06 0 0001045425 RAIT Financial Trust RAS 0001168754 COHEN BETSY Z C/O RAIT FINANCIAL TRUST CIRA CENTRE, 2929 ARCH ST., 17TH FL. PHILADELPHIA PA 19104 0 0 0 1 Chairman & Trustee Common Shares of Beneficial Interest 398487 D Common Shares of Beneficial Interest 13031 I By 401(k) plan Common Shares of Beneficial Interest 2007-08-06 4 P 0 90000 5.865 A 141200 I By IRA f/b/o spouse Common Shares of Beneficial Interest 234314 I By Solomon Investment Partnership, L.P. This amount includes 108,463 common shares underlying the equivalent number of phantom units. This amount excludes 126,801 common shares held by a charitable foundation of which the reporting person serves as trustee because the reporting person has no pecuniary interest in those Common Shares. This is the average price at which these securities were acquired. These securities were acquired in multiple transactions on the transaction date with prices ranging from $5.66 to $6.04. The reporting person and her spouse are the sole shareholders, officers and directors of the corporate general partner of Solomon Investment Partnership, L.P., a limited partnership, and are the sole limited partners of this partnership. /s/ Anders F. Laren, attorney-in-fact 2007-08-06