Certain Common Stock of Arbor Realty Trust, Inc. are subject to a Lock-Up Agreement Ending on 15-JUL-2021.
July 14, 2021
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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.
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.