Articles

New York State’s 2025 Budget Advances Affordable Housing Goals

In April, New York State Governor Kathy Hochul announced a landmark budget agreement heralded as a giant step for affordable housing. New York’s FY 2025 Enacted Budget includes several key policy changes that could create thousands of affordable housing units across the state.

Articles

SFR East 2024: How Economics and Demographics Shape the Rental Market

IMN’s Single Family Rental Forum (East), the cornerstone gathering of the SFR industry, concluded on May 22, 2024, in Miami, FL. Over three days, 1,800 attendees listened to more than 280 speakers discuss all angles of the SFR industry. On the first day of the conference, Arbor’s Tres Seippel, Director, Construction Management, participated in a wide-ranging panel discussion examining economic and demographic forces influencing SFR and build-to-rent (BTR), which also featured Rick Dalton, President of the Dalton Group, Domonic Purviance of the Federal Reserve Bank of Atlanta, Wade McGuinn, CEO of McGuinn Hybrid Homes, and Heather Williams, VP at Willow Bridge Property Company.

Articles

Affordable Housing Market Snapshot — May 2024

As housing costs spiral, rental affordability has become a more urgent issue, burdening a greater number of Americans. With more funding on the way, policymakers and private market advocates are pressing ahead with plans to add units to an increasingly tight housing market.

Articles

The Probability Renters Will Keep Renting Hits Record High

The average renter thinks there is a three-in-five chance they will still be in the rental market in 2027, according to the New York Federal Reserve’s recently released 2024 SCE Housing Survey. Compared to last year, the probability of the average renter not becoming a homeowner in the next three years was up 4.3 percentage points, reaching its highest mark since the study began in 2015.

Current Reports

Small Multifamily Investment Trends Report Q2 2024

Small multifamily’s performance continues to conform to pre-pandemic norms typically seen before the historic boom years of 2021 and 2022. In the first quarter of 2024, cap rates and asset prices both improved quarter-over-quarter, Arbor’s Small Multifamily Investment Trends Report Q2 2024, developed in partnership with Chandan Economics, has found. The subsector’s fundamental strength will support steady growth amid tight credit conditions until interest rate relief invites increased investment activity.

Analysis

U.S. Multifamily Market Snapshot — May 2024

Key fundamentals of the U.S. multifamily remained strong to start 2024. Despite fears of oversupply, rent growth remained stable and vacancy rates remained near historical lows.

Articles

Arbor Marketing Campaign Wins Two Awards at Industry Gala

For more than 30 years, Arbor has been committed to building strong bonds with clients that lead to mutual success. This philosophy is at the heart of a unique Arbor marketing campaign, The Art of Growing Financial Partnerships, which received two awards at the 30th Annual Financial Communications Society (FCS) Portfolio Awards Gala in New York City on May 2. The campaign, which was featured in two private jet terminals, used original stained-glass pieces to build brand awareness among high-net-worth travelers.

General: 800.ARBOR.10

Ivan Kaufman on TD Ameritrade Network: Behind the Build-to-Rent Boom

Ivan Kaufman on TD Ameritrade Network

Arbor Realty Trust’s CEO discusses the factors contributing to the build-to-rent market’s growth and Arbor’s role in the space

While Arbor’s primary business is multifamily lending, it has an “extraordinarily large footprint in the single-family rental build-to-rent market,” noted Ivan Kaufman, founder, chairman and CEO of Arbor Realty Trust, Inc. (NYSE: ABR) in an interview on TD Ameritrade Network’s Morning Trade Live.

The asset class has been one of the most resilient parts of the market amid the pandemic, with strong fundamentals including stable rent growth. Increased demand for homes has resulted in surging prices, leaving those who can’t afford to buy to look into renting a home.

“That’s a phenomenon we’ll be experiencing in the next 12 to 24 months,” Kaufman forecasted.

Demographics are also supporting build-to-rent’s climbing market share. Millennials are starting to form families and looking for homes in more suburban areas. Builders are stepping up to meet this demand, developing communities of homes for rent or designating a portion of their single-family communities as for-rent homes.

Arbor identified the potential of the build-to-rent business in 2019, when it launched a proprietary Single-Family Rental Portfolio platform. Since then, it’s build-to-rent financing portfolio has grown from about $100 million last year to nearly $1 billion expected by the end of 2021, Kaufman noted.

The build-to-rent model has become “very viable, very cost-effective and now with people being priced out of homes or needing to move into homes because of covid, it’s going to explode,” he added.

Watch the full interview here.