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PRNewswire 24-Oct-2018 9:05 AM
PR Newswire
UNIONDALE, N.Y., Oct. 24, 2018
UNIONDALE, N.Y., Oct. 24, 2018 /PRNewswire/ -- Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare, and other diverse commercial real estate assets, recently closed three single-family rental portfolio deals totaling $66.4M, spanning nine states under the Freddie Mac Single-Family Rental pilot.
"Arbor is firmly committed to the single-family rental market as it provides much-needed affordable housing to our nation's workforce," said Ivan Kaufman, Chairman, President & CEO of Arbor Realty Trust, Inc. "With more than half of the rental housing in the United States being comprised of single-family rentals, this is quickly becoming a recognized source of affordable housing for families throughout the country."
"These transactions continue Freddie Mac's Affordable Single-Family Rental pilot, providing low-income families in nine states with safe, decent and affordable housing," said David Leopold vice president, Targeted Affordable Sales & Investments at Freddie Mac Multifamily. "We were pleased to work with Arbor on this important transaction even as we prepare to sunset our pilot. Arbor's national reach allowed us to provide more than 1,300 low-income families with quality rental housing in locations ranging from the Southeast to the Midwest and all the way up to New England."
The transactions included:
Arbor and its predecessor companies have more than 30 years of experience in both multifamily and residential financing.
About Us
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor's and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility and dedicated to providing our clients excellence over the entire life of a loan.
Contact: Bina Handa
Tel: 516.506.4229
bhanda@arbor.com
View original content:http://www.prnewswire.com/news-releases/arbor-closes-66-4m-in-single-family-rental-portfolio-transactions-300736593.html
SOURCE Arbor Realty Trust, Inc.