Arbor Realty Trust Expands Presence in Boston, Opening Office in Historically Significant Building

Rhea-AI Summary

Arbor Realty Trust expands presence in Boston by opening a new office in a historically significant building. The move is driven by the expectation of team expansion and growth, as well as the thriving economy and talent pool in Boston's multifamily lending market.

Positive

• Arbor Realty Trust reports outstanding second quarter results and a dividend increase to $0.43 per share, reflecting a 12th increase in the last 14 quarters.

Negative

• None.

Multifamily Lender Strives to Leverage Strong Performance to Attract Top Boston Talent

BOSTON, July 31, 2023 /PRNewswire/ -- Arbor Realty Trust (NYSE:ABR) announces a new and larger office location at 501 Boylston St., a historically significant Class A property close to Copley Square in Boston's lively Back Bay neighborhood. 

Arbor Realty Trust Expands Presence in Boston, Opening Office in Historically Significant Building

Arbor, which has 15 offices in cities across the United States, moved its 88-member Boston team from 1 Lincoln St. in expectation of the team's expansion and growth, and with the recognition that Boston's thriving economy and talent pool is also creating opportunities in our core business of multifamily lending. Boston has had 8.5% annual rent growth through April 2023 and is presently the third-tightest multifamily rental market in the United States, our proprietary research reveals.

This past Friday, Arbor Realty Trust reported an outstanding second quarter and a dividend increase to $0.43, reflecting a 12^th increase in the last 14 quarters.

Join Us - Arbor is Hiring in Boston and Nationally
Are you interested in a career in multifamily lending? Arbor is hiring in Boston and at many other locations. Advance your career at a firm that encourages entrepreneurial drive, collaborative spirit, and the quest for excellence.
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About Arbor

Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS^® lender, Freddie Mac Optigo^® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor's product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Arbor is rated by Standard and Poor's and Fitch. In June 2023, Arbor was added to the S&P SmallCap 600^® index. Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

CONTACT: press@arbor.com

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SOURCE Arbor Realty Trust

FAQ

What is the reason behind Arbor Realty Trust's expansion in Boston?

The expansion is driven by the expectation of team expansion and growth, as well as the thriving economy and talent pool in Boston's multifamily lending market.

What were Arbor Realty Trust's second quarter results?

Arbor Realty Trust reported outstanding second quarter results and a dividend increase to $0.43 per share, reflecting a 12th increase in the last 14 quarters.

Is Arbor Realty Trust hiring in Boston?

Yes, Arbor Realty Trust is currently hiring in Boston and other locations. Interested individuals can browse their current job openings.