RAIT Financial Trust has announced the dispostion of four apartment properties between December 2016 through January 6, 2017, in separate transactions, which generated gross proceeds of $109.2 million. The firm sold a a 369 unit property located in Tampa, Florida, a 98 unit property in Las Vegas, Nevada, a 300 unit property in Austin, Texas and a 396 unit property in Orlando, Florida. RAIT expects to recognize an aggregate gain of approximately $27.4 million associated with these sales. Since the beginning of 2016, the trust has generated $374.5 million in gross proceeds from property sales from its property portfolio and repaid $325.6 million of related debt.
