Douglas Elliman Real Estate

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Arbor Realty Trust is a real estate investment trust that invests in a diversified portfolio of multi-family and commercial real estate related bridge and mezzanine loans, preferred equity investments, mortgage related securities and other real estate related assets. Arbor commenced operations in July, 2003, and conducts nearly all its operations through its operating partnership, Arbor Realty Limited Partnership and its subsidiaries. Arbor is externally managed and advised by Arbor Commercial Mortgage, a commercial real estate finance company that operates through 15 offices in the United States. Arbor Commercial Mortgage specializes in debt and equity financing for multi-family and commercial real estate. Arbor Realty Trust has headquarters in Uniondale, N.Y., and traded on the New York Stock Exchange under the symbol ABR.