JER Investors Trust Inc. (NYSE:JRT) announced today that, on April 2, 2008, it completed the previously announced sale of its remaining 50% interest in a portfolio of 12 public charter school properties for approximately $39.5 million.

About JER Investors Trust Inc.

JER Investors Trust Inc. is a New York Stock Exchange listed specialty finance company that originates and acquires commercial real estate structured finance products. The Company's target investments include commercial mortgage backed securities, mezzanine loans and B-Note participations in mortgage loans, commercial mortgage loans and net leased real estate investments. JER Investors Trust Inc. is organized and conducts its operations so as to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. For more information regarding JER Investors Trust Inc. and to be added to our e-mail distribution list, please visit www.jer.com.

JER Investors Trust Inc.
J. Michael McGillis
Chief Financial Officer
703-714-8182