NOTICE IS GIVEN that one (1) share certificate representing one hundred percent (100%) of the limited liability company interests of Portfolio Real Estate New Kensington, LLC, a Delaware limited liability company ("New Kensington"), and all related rights (collectively, the "Sale Collateral") will be sold by RAIT CRE CDO I, Ltd., a Cayman Islands limited liability company (the "Secured Party"), to the highest qualified bidder at a PUBLIC SALE on Thursday, October 15, 2015 at 10:00 a.m. (ET) at Reed Smith LLP, Three Logan Square, 1717 Arch Street, Suite 3100, Philadelphia, PA 19103. New Kensington is the fee owner of the real estate and improvements located at 115 Hunt Valley Circle, New Kensington, Pennsylvania 15068. The purchase price of the Sale Collateral must be paid at the time of the sale in immediately available funds, except that the Secured Party may pay the purchase price by crediting it against the unpaid balance of the loan secured by the Sale Collateral. Any prospective purchaser must purchase the Sale Collateral for its own investment and account and not for subsequent resale or distribution. PROSPECTIVE PURCHASERS MAY PARTICIPATE IN THE SALE EITHER IN PERSON OR REMOTELY BY TELEPHONE. FOR MORE INFORMATION, CONTACT BRIAN M. SCHENKER, ESQ. AT 215-851-8100.
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