JRT Jer Investors Trust

MCLEAN, Va., March 3 /PRNewswire-FirstCall/ -- JER Investors Trust Inc. (NYSE:JRT) announced today that it intends to commence a public offering of $150 million of its common stock. JRT expects to use the net proceeds of the offering primarily to invest in senior investment grade tranches of commercial mortgage backed securities. JRT also intends to use approximately $15.6 million of the net proceeds to repurchase all of its outstanding trust preferred securities with an aggregate liquidation amount of $60.0 million, contingent on the completion of this offering. The shares of common stock will be offered pursuant to JRT's existing effective shelf registration statement on file with the SEC. This press release shall not constitute an offer to sell, nor a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement. About JER Investors Trust. JRT is a New York Stock Exchange listed specialty finance company that invests in commercial real estate structured finance products. JRT's target investments primarily include commercial mortgage backed securities, whole commercial mortgage loans, mezzanine loans and net leased real estate assets. JRT is organized and conducts its operations so as to qualify as a REIT for federal income tax purposes. For more information regarding JRT, please visit http://www.jer.com/. Forward-Looking Statements Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements. JRT can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from JRT's expectations include, but are not limited to, changes in the real estate and capital markets, our liquidity, our ability to source and fund new investments and other risks detailed from time to time in JRT's SEC reports. Such forward-looking statements speak only as of the date of this press release. JRT expressly disclaims any obligation to release publicly any updates or revisions to any forward- looking statements contained herein to reflect any change in JRT's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. CONTACT: J. Michael McGillis Chief Financial Officer JER Investors Trust Inc. (703) 714-8000 DATASOURCE: JER Investors Trust Inc. CONTACT: J. Michael McGillis, Chief Financial Officer of JER Investors Trust Inc., +1-703-714-8000 Web Site: http://www.jer.com/

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