Arbor Realty Trust, Inc. Appoints Edward Farrell as Class I Director and Member of Audit Committee
June 22, 2018 at 04:11 pm EDT
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On June 22, 2018, the Board of Directors of Arbor Realty Trust, Inc. increased the size of the Board from eight directors to nine directors. In connection therewith, the Board appointed Edward Farrell as a Class I director in order to fill the newly created vacancy, effective as of June 22, 2018. Mr. Farrell was also appointed to serve on the Audit Committee.
Arbor Realty Trust, Inc. is a real estate investment trust. The Companyâs segments include Structured Business and Agency Business. Through its Structured Business, it invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge loans, in addition to mezzanine loans, junior participating interests in first mortgages and preferred and direct equity. It also invests in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Through its Agency Business, the Company originates, sells, and services a range of multifamily finance products through Fannie Mae and Freddie Mac, Ginnie Mae, Federal Housing Authority (FHA), and Housing and Urban Development (HUD). It originates, sells, and services a range of multifamily finance products.