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.

Articles

Dr. Sam Chandan’s Top Markets for Multifamily Investment Report Takeaways

In his latest Arbor Realty Trust video, Dr. Sam Chandan, a leading commercial real estate scholar, shares his insights into the findings of our latest Top Markets for Multifamily Investment Report, developed in partnership with Chandan Economics. The noted NYU professor outlines the market-level results of the Arbor-Chandan Opportunity Matrix, which spotlights multifamily markets that offer optimal value to commercial real estate investors.

Articles

Top Markets for Gen Z Household Formation Potential

Generation Z’s potential for household formation could soon reshape many U.S. metropolitan areas. From McAllen, TX, to Hartford, CT, explore the top multifamily markets where rental demand is set to rise as Gen Z leaves the nest.

General: 800.ARBOR.10

Hilary Burt Furnary

Senior Vice President, Structured Asset Management
Headshot

Hilary Burt Furnary has direct oversight and reporting responsibility for one of Arbor’s structured multifamily loan portfolios. She assists with investor reporting, loan modification, workouts, and the loan securitization process.

Ms. Furnary joined Arbor in 2020 and has more than 20 years of experience in commercial real estate. Prior to Arbor, she led the strategic oversight of Castle Lanterra’s value-enhancement asset management across the firm’s portfolio. Earlier in her career, Ms. Furnary held dual concurrent roles at Shamrock Communities as Managing Director of Acquisitions and Asset Management and as the Chief Operating Officer of the vertically integrated property management company associated with Shamrock Communities. Previously, she was part of Avalon Bay’s New York City development group, underwriting new acquisitions and preparing financial analyses for current projects.

Ms. Furnary received a Bachelor of Arts in Art History from Princeton University and a Master of Business Administration in Real Estate from Columbia Business School.

Grow Your Career at Arbor

Arbor employs exceptional individuals with a strong foundation to achieve success in their career.

Careers