Current Reports

Single-Family Rental Investment Trends Report Q3 2025

Arbor’s Single-Family Rental Investment Trends Report Q3 2025 documents the increasing strength and resiliency of the sector as it transitions to stable growth after a long period of rapid expansion. Rent growth remained positive last quarter, pushing up property-level yields as robust build-to-rent (BTR) construction activity continued to boost supply to a marketplace in need of quality rental housing.

Workforce Housing Financing

Take advantage of Arbor’s Fannie Mae and Freddie Mac workforce housing financing products with flexible loan terms and competitive pricing. Arbor’s Fannie Mae and Freddie Mac workforce housing programs offer competitive pricing, underwriting flexibility, and preservation incentives for the development of affordable housing solutions. Partner with a Freddie Mac Top Lender of Workforce Housing Rent Preservation financing to grow your portfolio to discover value-add workforce housing opportunities.

Articles

Build-to-Rent (BTR) Development Continues to Outpace Historical Highs

As single-family rental (SFR) demand has risen, build-to-rent (BTR) development has become more efficient at creating a distinct, community-focused experience for renters. Newly released U.S. Census Bureau data confirms that while the pace of SFR/BTR construction slowed during the second-quarter, development has remained robust compared to historical trends.

Articles

Arbor’s Innovative BTR CLO Delivers Key Competitive Advantages

Arbor Realty Trust, a perennial innovator in commercial real estate finance, closed a unique $802 million collateralized loan securitization (CLO) in May 2025 that cements the multifamily lender’s position at the forefront of build-to-rent (BTR) financing.

Articles

The Most Active Markets for New Multifamily Development in 2025

After the volume of multifamily permits fell nationally in 2023 and 2024, this year is on pace to be a year of stabilization for multifamily development. According to the U.S. Census Bureau, out of the top 100 largest U.S. metros by population, 47 had more multifamily permits through the first six months of 2025 than they did over the same period last year. Driven by strong underlying multifamily demand, attractive investment opportunities are leading to rebounding construction pipelines. As multifamily permitting rises, we explore the markets where new permits issued are most concentrated and where construction activity is gaining momentum.

Current Reports

Small Multifamily Investment Trends Report Q3 2025

Arbor’s Small Multifamily Investment Trends Report Q3 2025, developed in partnership with Chandan Economics, examines the factors behind the continued upward trajectory of the sector amid an ongoing capital markets recalibration. Several of its core performance metrics, including valuations, originations, and credit standards, have shown measurable improvement as a multifamily market-wide normalization takes shape. Supported by strong fundamentals, small multifamily stands tall despite economic uncertainty.

General: 800.ARBOR.10

Kenneth J. Bacon

Director
Kenneth J Bacon

Kenneth J. Bacon was appointed to Arbor Realty Trust’s Board of Directors in April 2020 and serves as a member on the Audit and Corporate Governance Committees.

Mr. Bacon is co-founder and managing partner of RailField Partners, an investment management firm that invests in and operates multifamily properties on behalf of institutional investors. Prior to forming RailField, he spent 19 years at Fannie Mae as the Executive Vice President of Multifamily Mortgage Business, where he grew the firm’s portfolio from $56 billion to more than $195 billion. He also managed the American Communities Fund at Fannie Mae, which was established to provide loans and equity to for-sale and rental housing developments to increase the supply of affordable housing and to revitalize communities. Before joining Fannie Mae, he was Director of the Office of Securitization for the Resolution Trust Corporation and held officer positions at Morgan Stanley and Kidder Peabody.

Mr. Bacon also serves as Chairman of the Board of Directors at Welltower and Washington, D.C.-based non-profit Martha’s Table and is also a board member at Comcast, Ally Financial, and the Urban Institute. He also serves on the Board of Directors for Dominium, one of the nation’s largest privately-owned affordable housing development and management companies. Mr. Bacon is active in several nonprofit and trade groups, including the Board of the Real Estate Executive Council, the National Multifamily Housing Council, and the Advisory Board of the Stanford Center on Longevity.

Mr. Bacon is an alumni and former trustee of Stanford University, where he received his Bachelor of Arts. He also has a Master of Science in International Relations from the London School of Economics, where he studied as a Marshall Scholar, and a Master of Business Administration from Harvard Business School. He was awarded the Order of the British Empire by the British government in recognition of his service to the Marshall Scholars program.

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