Although they remain near historical lows, apartment vacancy rates in the U.S. have begun to climb. However, this recent reversal may be a temporary trend, driven by renter satisfaction and a slowdown in the pace of new construction.
UNIONDALE, NEW YORK – December 11, 2023 (GLOBE NEWSWIRE) – Arbor Realty Trust (NYSE: ABR), today announced that its Board of Directors has approved an increase to the Company’s share repurchase program authorizing the Company to repurchase up to $150 million of its outstanding common stock. The share repurchase program allows shares to be repurchased at management’s discretion from time to time in the open market, through privately negotiated transactions or otherwise in compliance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934. The share repurchase program also permits the Company to establish Rule 10b5-1 trading plans to repurchase its outstanding shares at times when it might otherwise be prevented from doing so. This share repurchase program does not obligate the Company to acquire any particular amount of its outstanding shares and the timing and exact amount of repurchases will depend on various factors, including the performance of the Company’s stock price, general market and other conditions, applicable legal requirements and other factors. This share repurchase program has no time limit and may be suspended, modified Read the full article…
While macroeconomic headwinds remain a constant challenge, the small multifamily sector has demonstrated its ability to bend rather than break.
At the eCore23 Summit in Miami in November, two long-time colleagues who first met in the 1990s, Arbor Chairman and CEO Ivan Kaufman and RXR Chairman and CEO Scott Rechler, hosted an exclusive, hour-long Fireside Chat before an intimate group of multifamily leaders.
Arbor’s Single-Family Rental Investment Trends Report Q4 2023, developed in partnership with Chandan Economics, explores a multifamily sector ending the year on a high note as demand climbs for quality single-family rental (SFR) homes. Even with interest rates high, more shovels went in the ground for SFR projects, increasing build-to-rent (BTR) construction’s market share to a new peak. In the third quarter, SFR’s robust rent collections and retreating cap rates also demonstrated the sector’s continued resiliency amid economic dislocation.
Fitch Ratings Recognizes Arbor’s Commitment to Excellence and Innovation Arbor Realty Trust (NYSE:ABR) NEW YORK, NEW YORK – November 29, 2023: Fitch Ratings has reaffirmed Arbor Multifamily Lending, LLC’s (Arbor) commercial primary and special servicer ratings, further solidifying Arbor’s position as a trusted partner in the multifamily lending industry. Concurrently, they have assigned a Positive Outlook to each rating, reflecting an unwavering commitment to excellence and innovation. Commercial primary servicer rating at ‘CPS2’; Outlook Positive; Commercial special servicer rating at ‘CSS3+’; Outlook Positive. “The assignment of the Positive Outlook reflects Fitch’s 12–24 month view on the trajectory of Arbor’s primary servicer rating, noting that as the new borrower website is fully realized and deployed and turnover within the primary servicing function continues to stabilize, positive rating movement is possible.” – Fitch Ratings Read more from Fitch about the key rating drivers behind this announcement. Direct inquiries to [email protected]. About Arbor Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial Read the full article…
In this video, Dr. Sam Chandan, Founding Director of the C.H. Chen Institute for Global Real Estate Finance at the NYU Stern School of Business and non-executive chairman of Chandan Economics, details the key takeaways of Arbor’s Special Report Fall 2023, which he co-authored with Ivan Kaufman, Chairman and CEO of Arbor Realty Trust.
The Federal Housing Finance Agency (FHFA) announced a $10 billion rollback of Fannie Mae and Freddie Mac’s volume cap for loan purchases for 2023 to $140 billion ($70 billion for each agency). This move aligns with industry expectations, given the anticipation of continued headwinds for the multifamily in 2024. Next year’s cap for the Government-Sponsored Entities (GSEs) is a reduction of approximately 7% from the $150 billion limit set for 2023 and a return to the level it was in 2021.
As one of the fastest-growing asset classes, the single-family rental (SFR) market presents a great investment opportunity. These articles provide research and insights on why you should consider SFR investment, the market’s performance and the top trends facing the market.
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