SHAREHOLDERS' EQUITY	3 Months Ended
Mar. 31, 2019
Equity [Abstract]
SHAREHOLDERS' EQUITY	NOTE 9: SHAREHOLDERS’ EQUITY Preferred Shares Dividends: RAIT’s Board of Trustees (the “Board”) determined that it would suspend the dividend on RAIT’s outstanding preferred shares on June 12, 2018. The Board considers dividends on a quarterly basis. As of March 31, 2019, $20,250 of dividends on these shares were unpaid and in arrears. These dividends in arrears are included in (income) loss allocated to preferred shares on our consolidated statements of operations since they represent a claim on earnings superior to common shareholders, but have not been accrued as a liability since they have not been declared. Common Shares Dividends: The Board determined that it would suspend the dividend on RAIT’s outstanding common shares on November 1, 2017. During the three months ended March 31, 2019, we paid $29 of dividends on restricted common share awards that vested in this period. These dividends were declared during the vesting period but remained forfeitable prior to vesting and became payable upon vesting in accordance with the terms of these awards. Shareholders’ Equity Attributable to Common Shares: As of March 31, 2019, total shareholders’ equity attributable to common shares was a deficit of $186,915. Noncontrolling Interests RAIT Venture VIEs: During the year ended December 31, 2018, the 2017 RAIT Venture VIE, which elected to be taxed as a REIT and that was formed in 2017 to hold the junior subordinated notes of FL-6, sold 125 preferred shares of the 2017 RAIT Venture VIE to unaffiliated purchasers. The price was $1,000 per share and the 2017 RAIT Venture VIE received $76 of net proceeds. Acquisition of noncontrolling interests related to PlazAmericas Mall: On March 16, 2018, we acquired the noncontrolling interests related to PlazAmericas Mall, a retail real estate property, for $343, including transaction costs. These noncontrolling interests had a carrying amount of $3,582. As we previously held a controlling financial interest in PlazAmericas Mall, we accounted for the acquisition of the noncontrolling interests as an equity transaction.

SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2019

NOTE 9: SHAREHOLDERS’ EQUITY

Preferred Shares

Dividends:

RAIT’s Board of Trustees (the “Board”) determined that it would suspend the dividend on RAIT’s outstanding preferred shares on June 12, 2018. The Board considers dividends on a quarterly basis. As of March 31, 2019, $20,250 of dividends on these shares were unpaid and in arrears. These dividends in arrears are included in (income) loss allocated to preferred shares on our consolidated statements of operations since they represent a claim on earnings superior to common shareholders, but have not been accrued as a liability since they have not been declared.

Common Shares

Dividends:

The Board determined that it would suspend the dividend on RAIT’s outstanding common shares on November 1, 2017.

During the three months ended March 31, 2019, we paid $29 of dividends on restricted common share awards that vested in this period. These dividends were declared during the vesting period but remained forfeitable prior to vesting and became payable upon vesting in accordance with the terms of these awards.

Shareholders’ Equity Attributable to Common Shares:

As of March 31, 2019, total shareholders’ equity attributable to common shares was a deficit of $186,915.

Noncontrolling Interests

RAIT Venture VIEs:

During the year ended December 31, 2018, the 2017 RAIT Venture VIE, which elected to be taxed as a REIT and that was formed in 2017 to hold the junior subordinated notes of FL-6, sold 125 preferred shares of the 2017 RAIT Venture VIE to unaffiliated purchasers. The price was $1,000 per share and the 2017 RAIT Venture VIE received $76 of net proceeds.

Acquisition of noncontrolling interests related to PlazAmericas Mall:

On March 16, 2018, we acquired the noncontrolling interests related to PlazAmericas Mall, a retail real estate property, for $343, including transaction costs. These noncontrolling interests had a carrying amount of $3,582. As we previously held a controlling financial interest in PlazAmericas Mall, we accounted for the acquisition of the noncontrolling interests as an equity transaction.