Entity Name

1805 Old Alabama Road, LLC

1805 Old Alabama Road Manager, LLC

210-218 The Promenade North LLC

Apartments of Mandalay Bay, LLC

Aslan Centerpoint, LLC

Aslan Chalkville, LLC

Aslan Terrace, LLC

Autumn Grove Apartments Illinois, LLC

Autumn Grove Member, LLC

Beachcomber Florida, LLC

Belle Creek Apartments Colorado, LLC

Belle Creek, LLC

Belle Creek Member, LLC

Boca Yamato, LLC

Burton Holdings, LLC

Cardinal Florida, LLC

Colonial Parc Apartments Arkansas, LLC

Colonial Parc Member, LLC

Copper Mill Member, LLC

CP/GP, Inc.

Creeks at Copper Hills Apartments Texas, LLC

Creekstone Colony Lakes Member, LLC

Crestmont Apartments Georgia, LLC

Crestmont Member, LLC

Cumberland Glen Apartments Georgia, LLC

Cumberland Member, LLC

Daytona Florida, LLC

Del Aire Florida, LLC

Desert Wind Apartments Arizona, LLC

Desert Wind, LLC

Desert Wind Member, LLC

Eagle Ridge Apartments California, LLC

Eagle Ridge, LLC

Eagle Ridge Member, LLC

Embark On Burton LLC

Emerald Bay Apartments Nevada, LLC

Emerald Bay Manager, LLC

Emerald Bay Member, LLC

Executive Center Member, LLC

Executive Center Wisconsin, LLC

Grand Terrace Apartments California, LLC

Grand Terrace, LLC

Grand Terrace Member, LLC

Heritage Trace Apartments Virginia, LLC

Heritage Trace Member, LLC

ICP 3400, LLC (n/k/a McDowell Mountain Arizona, LLC)

Jupiter Communities, LLC

Lafayette English Apartments, LP

Lafayette English GP. LLC

Lafayette English Partner, LLC

Lafayette English Member, LLC

Las Vistas Apartments Arizona, LLC

Las Vistas, LLC

Las Vistas Member, LLC

Lexington Mill Mississippi Member, LLC

Lexington Mill Mississippi Owner, LLC

Long Beach Promenade Holdings, LLC

Madison Park Apartments Indiana, LLC

Madison Park Member, LLC

Mandalay Member, LLC

MGS Florida, LLC

Mineral Center Colorado, LLC

Mineral Center Member, LLC

Murrells Retail Associates, LLC

Murrells Retail Holdings, LLC

New Stonecrest Preferred, LLC

North Park Place Owner A, LLC

North Park Place Owner B, LLC

North Park Place Owner C, LLC

Orchid Tree Arizona, LLC

Orchid Tree Member, LLC

OSEB GP, Inc.

Oyster Point Apartments Virginia, LLC

Oyster Point Member, LLC

Penny Lane Apartments Arizona, LLC

Penny Lane Manager, LLC

Penny Lane Member, LLC

Pepper Mill Mississippi Member, LLC

Pepper Mill Mississippi Owner, LLC

Perkins Member, LLC

PRG-RAIT Portfolio Member, LLC

RAIT-401 Michigan, LLC

RAIT 500 Michigan, LLC

RAIT Amarillo, LLC

RAIT Aslan Centerpoint, LLC

RAIT Aslan Chalkville, LLC

RAIT Aslan Terrace, LLC

RAIT Asset Holdings II, LLC

RAIT Asset Holdings II Member, LLC

RAIT Asset Holdings, LLC

Rait Asset Management, LLC

RAIT Atria, LLC

RAIT Braden Lakes, LLC

RAIT Broadstone, Inc.

RAIT Capital Corp.

RAIT Capital Limited

RAIT Cornerstone, LLC

RAIT CRE CDO I, LLC

RAIT CRE CDO I, Ltd.

RAIT CRE Holdings, LLC

RAIT-CVI III Belle Creek, LLC

RAIT-CVI III, LLC

RAIT Equity Holdings I, LLC

RAIT Executive Mews Manager III, Inc.

RAIT Executive Mews Manager II, Inc.

RAIT Executive Mews Manager I, Inc.

RAIT Financial Trust

RAIT General, Inc.

RAIT-Hartford, L.L.C.

RAIT Jupiter Holdings, LLC

RAIT Loan Acquisitions I, LLC

RAIT Limited, Inc.

RAIT Lincoln Court, LLC

RAIT McDowell, LLC

RAIT Milwaukee, LLC

RAIT-Neenah, L.L.C.

RAIT North Park, LLC

RAIT North Park Place, LLC

RAIT Old Alabama Road, LLC

RAIT Old Town Investor, LLC

RAIT Partnership, L.P.

RAIT Preferred Funding II, LLC

RAIT Preferred Funding II, Ltd

RAIT Preferred Holdings II, LLC

RAIT Preferred Holdings I, LLC

RAIT-PRG Member, LLC

RAIT Promontory Point, LLC

RAIT Quito-B, LLC

RAIT Quito-C, LLC

RAIT Reuss B Member, LLC

RAIT Reuss C Member, LLC

RAIT Reuss D Member, LLC

RAIT Reuss Federal Plaza, LLC

RAIT Rogers Plaza, LLC

RAIT Rohrerstown, L.P.

RAIT Rutherford A, LLC

RAIT SAAR Company, LLC

RAIT Sabel Key Manager, Inc.

RAIT Securities, LLC

RAIT Securities (UK) Ltd.

RAIT SLH, Inc.

RAIT Stone Creek, LLC

RAIT Stone Creek Preferred, LLC

RAIT Stonecrest, LLC

RAIT Towne Square, LLC

RAIT-Two Rivers, L.L.C.

RAIT Urban Holdings, LLC

RAIT Willow Creek Apartments, LLC

RCMBS Investors I, LLC

Regency Meadows, LLC

Regency Meadows Nevada, LLC

Regency Meadows Nevada Member, LLC

REM-Cherry Hill, LLC

Remington Florida, LLC

Remington Florida Member, LLC

REM-Willow Grove, Inc.

REM-Willow Grove, L.P.

River View New York, LLC

Rutherford Plaza A Member III, LLC

Rutherford Plaza A Member II, LLC

Rutherford Plaza A Member I, LLC

Rutherford Plaza Manager, Inc.

Rutherford Preferred, LLC

Sandal Ridge Apartments Arizona, LLC

Sandal Ridge, LLC

Sandal Ridge Member, LLC

Saxony Florida, LLC

Sharpstown Mall Texas, LLC

Sharpstown Member, LLC

Silversmith Creek Florida Member, LLC

Silversmith Creek Florida Owner, LLC

Southgreen Apartments Indiana, LLC

Southgreen Member, LLC

Stone Creek Apartments Colorado, LLC

St. Pete Beach Holdings, LLC

Sunny Shores Florida, LLC

Taberna Capital (Bermuda) Ltd.

Taberna Capital Management, LLC

Taberna Equity Funding, Ltd.

Taberna European Capital Management, LLC

Taberna Funding Capital Trust I

Taberna Funding Capital Trust II

Taberna Funding LLC

Taberna IX Equity Trust, LLC

Taberna Preferred Funding IX, Ltd.

Taberna Preferred Funding VIII, Ltd.

Taberna Real Estate CDO I, Ltd.

Taberna Realty Finance Trust

Taberna Realty Holdings Trust

Taberna VII Equity Trust, LLC

Trails at Northpoint Mississippi Member, LLC

Trails at Northpoint Mississippi Owner, LLC

Treasure Island Florida, LLC

Tresa At Arrowhead Arizona, LLC

Tresa At Arrowhead Member, LLC

Tuscany Bay Member, LLC

Ventura Florida Owner, LLC

Ventura Florida Member, LLC

Willows at Lone Mountain West, LLC

Willows Member, LLC

Yamato Member, LLC