-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DRyjL1qrHhF7+cYCnphauGn5vi3bAQs8OksRqnbnfsLii3eJLssXU1Pg+RQO/6qr
 QotgMMccufWZM2AyTuDCyQ==

<SEC-DOCUMENT>0001209191-03-035814.txt : 20031218
<SEC-HEADER>0001209191-03-035814.hdr.sgml : 20031218
<ACCEPTANCE-DATETIME>20031218171047
ACCESSION NUMBER:		0001209191-03-035814
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031216
FILED AS OF DATE:		20031218

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHAEFFER SCOTT
		CENTRAL INDEX KEY:			0001168758

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14760
		FILM NUMBER:		031063008

	BUSINESS ADDRESS:	
		STREET 1:		C/O RAIT INVESTMENT TRUST
		STREET 2:		1818 MARKET STREET 28TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2158617900

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAIT INVESTMENT TRUST
		CENTRAL INDEX KEY:			0001045425
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				232919819
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1818 MARKET ST
		STREET 2:		28TH FL
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2155465119

	MAIL ADDRESS:	
		STREET 1:		1521 LOCUST ST
		STREET 2:		6TH FL
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE ASSET INVESTMENT TRUST
		DATE OF NAME CHANGE:	19970904
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-12-16</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0001045425</issuerCik><issuerName>RAIT INVESTMENT TRUST</issuerName>        <issuerTradingSymbol>RAS</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001168758</rptOwnerCik><rptOwnerName>SCHAEFFER SCOTT</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>C/O RAIT PARTNERSHIP, L.P.</rptOwnerStreet1><rptOwnerStreet2>1818 MARKET ST., 28TH FL.</rptOwnerStreet2><rptOwnerCity>PHILADELPHIA</rptOwnerCity><rptOwnerState>PA</rptOwnerState><rptOwnerZipCode>19103</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>President &amp; COO</officerTitle></reportingOwnerR
elationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Shares of Beneficial Interest</value></securityTitle><transactionDate><value>2003-12-16</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>37500.0000</value></transactionShares><transactionPricePerShare><value>11.6500</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>87500.0000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><no
nDerivativeHolding><securityTitle><value>Common Shares of Beneficial Interest</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3378.0000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By 401(k) plan</value></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Shares of Beneficial Interest</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>3000.0000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By IRA</value></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Stock Option (Right to Buy)</value></securityTitle><conversionOrExerc
isePrice><value>11.6500</value></conversionOrExercisePrice><transactionDate><value>2003-12-16</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>37500.0000</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F1" /></exerciseDate><expirationDate><value>2010-11-01</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares of Beneficial Interest</value></underlyingSecurityTitle><underlyingSecurityShares><value>37500.0000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransa
ction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">These options vested as follows: 18,750 on each of 11/1/02 and 11/1/03.</footnote></footnotes><remarks></remarks><ownerSignature><signatureName>/s/ Scott F. Schaeffer</signatureName><signatureDate>2003-12-18</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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