JER Investors Trust Inc. Announces the Sale of CMBS Bonds and Repayment of JPMorgan Repurchase Agreement Borrowings

MCLEAN, Va., March 31 /PRNewswire-FirstCall/ -- JER Investors Trust Inc. (OTC Bulletin Board: JERT, "JERT") today reported the sale of its interest in $152.9 million of face amount of CMBS for proceeds of $5.5 million.  $4.7 million of proceeds from the sale were used to repay, in full, amounts outstanding, including accrued interest, on JERT's repurchase agreement with J.P. Morgan Securities Inc., which matured on March 29, 2010.  As of March 31, 2010, JERT has an unrestricted cash balance of $1.1 million and continues to be in default of its payment obligations under its ISDA Master Agreement, dated as of December 1, 2004 (as subsequently amended) with National Australia Bank Limited and its Junior Subordinated Notes due in 2037.

About JER Investors Trust Inc.

JER Investors Trust Inc. is a specialty finance company quoted on the OTC Bulletin Board that is primarily focused on managing a portfolio of commercial real estate structured finance products.  JERT's investments have included 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., please visit www.jer.com.

Forward-Looking Statements

This press release does not constitute an offer of any securities for sale. 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.  JER Investors Trust can give no assurance that its expectations will be attained.  Factors that could cause actual results to differ materially from JER Investors Trust's expectations include, but are not limited to, changes in the real estate and capital markets, our ability to maintain existing financing arrangements and other risks detailed from time to time.  Such forward-looking statements speak only as of the date of this press release.  JER Investors Trust expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in JER Investors Trust'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.
[phone]

SOURCE JER Investors Trust Inc.

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