X0303 4 2010-03-03 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 2010-03-03 4 P 0 10000 1.52 A 303505 I By Solomon Investment Partnership, L.P. Common Shares of Beneficial Interest 593487 D Common Shares of Beneficial Interest 14475 I By 401(k) plan Common Shares of Beneficial Interest 151200 I By IRA f/b/o spouse 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. This amount includes 290,000 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 and the reporting person disclaims beneficial ownership in those Common Shares. /s/ Anders F. Laren, attorney-in-fact 2010-03-04