SEC FORM 4/A

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Robert Joseph E JR

(Last)

(First)

(Middle)

C/O JER INVESTORS TRUST INC.

1650 TYSONS BLVD, SUITE 1600

(Street)

MCLEAN

22102

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
JER Investors Trust Inc [ JRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/21/2008

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock, par value $0.01 per share	05/19/2008		P		900	A	$8.26	1,818,898	D
Common stock, par value $0.01 per share	05/19/2008		P		1,100	A	$8.32	1,821,998	D
Common stock, par value $0.01 per share	05/19/2008		P		200	A	$8.33	1,821,998	D
Common stock, par value $0.01 per share	05/19/2008		P		100	A	$8.34	1,820,298	D
Common stock, par value $0.01 per share	05/20/2008		P		400	A	$8.26	1,820,698	D
Common stock, par value $0.01 per share	05/20/2008		P		1,600	A	$8.27	1,822,298	D
Common stock, par value $0.01 per share	05/20/2008		P		3,200	A	$8.28	1,825,498	D
Common stock, par value $0.01 per share	05/20/2008		P		200	A	$8.29	1,825,698	D
Common stock, par value $0.01 per share	05/20/2008		P		2,300	A	$8.3	1,827,998	D
Common stock, par value $0.01 per share	05/20/2008		P		600	A	$8.31	1,828,598	D
Common stock, par value $0.01 per share	05/20/2008		P		900	A	$8.32	1,829,498	D
Common stock, par value $0.01 per share	05/20/2008		P		100	A	$8.33	1,829,598	D
Common stock, par value $0.01 per share	05/20/2008		P		1,600	A	$8.34	1,831,198	D
Common stock, par value $0.01 per share	05/20/2008		P		5,100	A	$8.35	1,836,298	D
Common stock, par value $0.01 per share	05/20/2008		P		500	A	$8.37	1,836,798	D
Common stock, par value $0.01 per share	05/20/2008		P		2,700	A	$8.38	1,839,498	D
Common stock, par value $0.01 per share	05/20/2008		P		500	A	$8.39	1,839,998	D
Common stock, par value $0.01 per share	05/20/2008		P		7,000	A	$8.4	1,846,998	D
Common stock, par value $0.01 per share								659,792	I	By J & L Blend⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Mr. Robert is the president of Robert Family Inc., the general partner of Robert Family Partnership, L.P. ("RFPLP"). RFPLP is the manager of J&L Blend-I, LLC. ("J&LBLLC"). J&LBLLC is the general partner of J&L Blend, L.P., the purchaser of the common stock.

Remarks:

This amendment is being filed for the sole purpose of correcting the number of shares of common stock acquired by Mr. Robert on May 20, 2008. Mr. Robert acquired 5,100 shares of common stock at $8.35 per share rather than 5,600 shares of common stock, as previously reported.

	/s/ Daniel T. Ward, Attorney-in-fact for Joseph E. Robert, Jr.	06/18/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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