Arbor Realty Trust, Inc. Appoints Elliot Schwartz as Class III Director and to its Corporate Governance Committee
June 08, 2018 at 04:11 pm EDT
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Arbor Realty Trust, Inc. on June 7, 2018, the Board of Directors of appointed Elliot Schwartz as a Class III director, effective as of June 7, 2018, to fill the vacancy resulting from the end of the term of a former director. Mr. Schwartz was also appointed to serve on the Corporate Governance 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.