Research Sources

Arbor Realty Trust’s research articles and reports, developed in partnership with Chandan Economics, refer to and cite credible third-party sources, including: American Real Estate Society CoStar Fannie Mae Federal Deposit Insurance Corporation (FDIC) Federal Housing Finance Agency (FHFA) Federal Reserve Bank of Atlanta Federal Reserve Bank of New York Federal Reserve Board FINSIGHT Freddie Mac Moody’s CRE Morningstar DBRS MSCI Real Capital Analytics Nareit National Apartment Association National Association of Home Builders National Low Income Housing Coalition National Multifamily Home Council Novogradac Trepp U.S. Bureau of Economic Analysis U.S. Bureau of Labor Statistics U.S. Census Bureau U.S. Department of Housing and Urban Development (HUD) Zillow

Current Reports

Affordable Housing Trends Report 2026

Arbor Realty Trust’s Affordable Housing Trends Report, developed in partnership with Chandan Economics, explores a year marked by one of the most significant policy shifts in decades, with consequential developments in both the marketplace and the political arena. Our annual report finds that although affordability continues to present challenges, this year’s new initiatives are set to rebuild tomorrow’s pipeline.

Articles

HUD Expands FHA Financing Eligibility to Qualifying BTR Projects

The U.S. Department of Housing and Urban Development (HUD) recently announced a significant policy change that expands Federal Housing Administration (FHA) mortgage insurance eligibility to qualifying build-to-rent (BTR) communities. Effective immediately, professionally managed rental developments consisting of detached single-family homes, duplexes, and triplexes are eligible for FHA-insured financing under the same general framework as traditional multifamily properties.

Articles

Financing a Build-to-Rent Community Through Construction, Lease-Up, and Stabilization

Single-family rentals (SFR) now house 41% of the U.S. renter population, according to Rentometer Mid-Year Report 2025: National Trends in Single-Family Rental Markets. Arbor provides investors with short-term and long-term SFR financing to meet this growing demand. Whether a sponsor is developing a build-to-rent (BTR) community, holding an SFR portfolio long-term, or acquiring assets to rehab, Arbor finances build-to-rent (BTR) communities across construction, lease-up, and stabilization under one lender relationship, backed by the strength of an $802 million BTR collateralized loan obligation Arbor closed in May 2025.

Articles

Why Top Multifamily Lenders Practice Disciplined Underwriting

Every multifamily lender says it underwrites conservatively, but few follow a truly disciplined approach. Arbor Realty Trust’s own record is a case in point, with 19 consecutive years in the Top 10 Fannie Mae Multifamily DUS Lenders, a top-three ranking in Freddie Mac’s Conventional Small program, and an upgraded Commercial Special Servicer rating from Fitch Ratings in January 2026.

Investment

Special Report Fall 2026

Arbor Realty Trust’s Special Report Fall 2026, developed in partnership with Chandan Economics, leverages data-driven research to detail the state of the rental housing market. Amid headwinds, multifamily remained resilient in a selective investment environment favoring disciplined underwriting and market selection. Attractive entry points for well-positioned investors continue to populate the road ahead.

Analysis

U.S. Multifamily Market Snapshot — September 2026

The U.S. multifamily market remains on stable footing in a mixed macroeconomic climate. Rent growth continued to trend upward through the second quarter, while apartment fundamentals remained resilient amid slowing employment growth and elevated vacancies.

General: 800.ARBOR.10

Elliot Schwartz

Director
Headshot of Elliot Schwartz, Director
Elliot Schwartz joined Arbor Realty Trust’s Board of Directors in June 2018 and serves as a member of the Corporate Governance Committee and Compensation Committee.

Mr. Schwartz is the Co-Founder, Chief Executive Officer and General Counsel of Debt Recovery Solutions, LLC, a national accounts receivable management agency. Founded in 2002, the organization purchases and manages distressed consumer receivables in the financial, education, telecommunication and medical sectors. Mr. Schwartz manages all aspects of the company’s operation as well as its compliance with City, State and Federal rules and regulations that govern the industry, including the following: The Federal Fair Debt Collection Practices Act, The Fair Credit Reporting Act, Telephone Consumer Practices Act, Graham Leach Bliley Act, as well as the mandates imposed by the Consumer Financial Protection Bureau.

Prior to founding Debt Recovery Solutions, LLC, Mr. Schwartz served as Senior Vice President, General Counsel and Principal at Coldata, Inc., for more than a decade. The debt management company provided accounts receivable management services to various financial institutions as well as City, State and Federal governmental agencies throughout the United States. After Coldata was sold in 1999, Mr. Schwartz continued his responsibilities under the acquisition until 2002.

Mr. Schwartz is a member of the Nassau County Bar Association, New York State Bar Association, Receivables Management Association and the American Collectors Association. He earned a Bachelor of Arts from Brandeis University and a Juris Doctor from Hofstra University, Maurice A. Deane School of Law.

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