Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2018

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

RAIT Financial Trust

Schedule III

Real Estate and Accumulated Depreciation

As of December 31, 2018

(Dollars in thousands)

			Initial Cost				Cost of Improvements, net of Retirements				Gross Carrying Amount
Property Name	Description	Location	Land		Building		Land		Building		Land (1)		Building (1)		Accumulated Depreciation- Building			Encumbrances (Unpaid Principal)				Year of Acquisition	Life of Depreciation
Willow Grove	Land	Willow Grove, PA	$	307	$	—	$	—	$	—	$	307	$	—	$	—		$	—			2001	N/A
Cherry Hill	Land	Cherry Hill, NJ		307		—		—		—		307		—		—			—			2001	N/A
Corey Landings	Land	St. Pete Beach, FL		9,735		—		—		3,201		9,735		3,201		—			—			2009	N/A
Executive Mews - Willow Grove	Office	Willow Grove, PA		2,280		9,121		—		1,801		2,280		10,922		(3,774	)		(11,246	)	(2)	2010		30
Executive Mews - Cherry Hill	Office	Cherry Hill, NJ		1,980		7,920		—		3,157		1,980		11,077		(4,424	)		(8,410	)	(3)	2010		30
Beachcomber Beach Resort	Land	Daytona Beach, FL		5,151		—		—		43		5,151		43		—			(12,649	)	(2)	2011	N/A
Union Medical	Office	Colorado Springs, CO		2,448		17,595		—		2,458		2,448		20,053		—			(26,085	)	(2)	2014		30
Oakland Square	Retail	Troy, MI		6,031		11,462		—		128		6,031		11,590		(127	)		(16,048	)	(4)	2014		30
Oakland Plaza	Retail	Troy, MI		5,353		15,836		—		491		5,353		16,327		(382	)		(17,848	)	(4)	2014		30
Raritan Shopping Center	Retail	Raritan, NJ		3,313		6,338		—		136		3,313		6,474		(61	)		(29,000	)	(2)	2016		30
			$	36,905	$	68,272	$	—	$	11,415	$	36,905	$	79,687	$	(8,768	)	$	(121,286	)

(1) The aggregate cost basis for federal income tax purposes of our investments in real estate is $144,467 as of December 31, 2018.

(2) These encumbrances are held by our consolidated securitization, RAIT I.

(3) Of these encumbrances, $6,826 is held by third parties and $1,584 is held by RAIT.

(4) These encumbrances are held entirely by third parties.  

Investments in Real Estate	For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Balance, beginning of period	$	274,672		$	854,646
Additions during period:
Acquisitions		—			1,118
Improvements to land and building		2,684			9,362
Deductions during period:
Dispositions, impairments and deconsolidation of real estate		(160,764	)		(590,454	)
Balance, end of period:	$	116,592		$	274,672

Accumulated Depreciation	For the Year Ended December 31, 2018			For the Year Ended December 31, 2017
Balance, beginning of period	$	28,768		$	138,214
Depreciation expense		7,356			20,422
Dispositions and deconsolidation of real estate		(27,356	)		(129,868	)
Balance, end of period:	$	8,768		$	28,768