Certain Common Stock of Arbor Realty Trust, Inc. are subject to a Lock-Up Agreement Ending on 15-JUL-2021. These Common Stock will be under lockup for 31 days starting from 14-JUN-2021 to 15-JUL-2021. Details: Former Manager and our directors and executive officers have entered into lock-up agreements with J.P. Morgan Securities LLC and JMP Securities LLC prior to the commencement of this offering pursuant to which each of these persons or entities, with limited exceptions (including the sale to us by the Sellers of an aggregate of 600,000 shares of our common stock (or 690,000 shares if the underwriters exercise their right to purchase additional shares from us in full), pursuant to the Purchase Agreement, for which we intend to use a portion of the net proceeds of this offering), for a period of 30 days after the date of this prospectus, may not, without the prior written consent of J.P. Morgan Securities LLC and JMP Securities LLC.