Articles

Build-to-Rent Activity Remained Elevated Amid Policy Uncertainty

Build-to-rent (BTR) development remained resilient in a complicated operating environment last quarter as production continued to normalize, according to newly released U.S. Census Bureau data. Despite political uncertainty, higher capital costs, and other headwinds, BTR maintained a historically high share of new single-family construction.

Articles

Where Multifamily Permitting is Intensifying and Accelerating

While national multifamily permitting stabilizes, the authorization of new apartment buildings with five or more units has become more heavily concentrated in smaller, rapidly growing metropolitan areas. From Durham, NC, to Fayetteville, AR, and Raleigh, NC, new U.S. Census Bureau data reveal where multifamily permitting was most concentrated and where it was accelerating fastest in the first half of 2026.

Articles

Small Multifamily Lending Volume Moves Steadily Higher

Small multifamily lending activity rose during the first half of 2026. According to the latest Small Multifamily Investment Trends Report from Arbor Realty Trust and Chandan Economics, originations on loans with original balances between $1 million and $9 million reached an annualized pace of $71.6 billion through the second quarter. At this pace, originations are running 2.8% above the $69.6 billion total for 2025, placing small multifamily on pace for a third consecutive annual increase.

Current Reports

Small Multifamily Investment Trends Report Q3 2026

Arbor Realty Trust’s latest Small Multifamily Investment Trends Report, developed in partnership with Chandan Economics, evaluates what’s driving this sector’s ongoing stability as macroeconomic conditions remain mixed. Loan originations rose last quarter, and valuations are rebounding, signaling that normalization is taking hold.

Articles

SFR Rent Growth Accelerated and Expanded in First Half of 2026

Single-family rental (SFR) conditions strengthened during the first half of 2026, with rents rising across all 50 of the nation’s largest metros between December 2025 and June 2026. Growth was broad-based but uneven, with many Northeast and Midwest markets outperforming major Sun Belt metros.

Articles

Multifamily Completions Shift to Larger, Lower-Rise Properties

This year’s data show that while multifamily completions moderated from 2024’s elevated pace, the sector’s shift toward larger properties continued. At the same time, larger has not necessarily meant taller, as lower-rise buildings continue to account for most new multifamily completions.

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George J. Tsunis

Director

George J. Tsunis rejoined Arbor’s Board of Directors in 2025 after previously serving as a director from 2016 to 2022.

Mr. Tsunis is the Founder, Chairman, and CEO of Chartwell Hotels, which owns, develops, and manages Hilton, Marriott, and InterContinental Hotels Group franchises across the Northeast and Mid-Atlantic. The firm’s work also involves community development and renewal projects, which help regions benefit from tourism, business travel, and other domestic and international investments.

Prior to founding Chartwell, Mr. Tsunis was a partner at the law firm Rivkin Radler LLP, Long Island, New York’s largest law firm. He has represented both private clients and municipalities in the practice areas of land use and zoning, real estate, corporate law, municipal law, and commercial litigation. Mr. Tsunis previously served as Chairman of The Battery Park City Authority, a New York State public benefit corporation that oversees Battery Park City, a 92-acre planned development on Manhattan’s lower west side.

Mr. Tsunis was the United States Ambassador to Greece from May 2022 to January 2025. He helped elevate the U.S. government’s relations with Greece and promoted energy connectivity and resiliency with the foreign government’s neighbors. In addition, he has been involved in philanthropic work that benefits Greece and its diaspora, including supporting and serving on the boards of several non-profit and scientific research organizations. His extensive background in real estate, finance, and public policy has led the Board of Directors to conclude that he should serve as our director.

Mr. Tsunis received his Bachelor of Arts degree from New York University and his Juris Doctor from St. John’s University School of Law.

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