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.

Analysis

U.S. Multifamily Market Snapshot — August 2025

The U.S. multifamily market stood on the cusp of a new cycle at the halfway point of 2025, as demand continued to be driven by favorable demographic trends and a structural need for housing.

Articles

Small Multifamily Continues Steady Price Growth

Small multifamily valuations realized positive year-over-year growth in the second quarter of 2025, demonstrating the sector’s ongoing resilience in an unsettled economic environment. Steady rent growth, improving operating expense ratios, and stable cap rates helped move price growth into positive territory.

General: 800.ARBOR.10

Research Reports

Affordable Housing Trends

from Arbor & Chandan Economics

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Our Affordable Housing Trends series examines the complex, yet critically important, affordable and workforce housing sectors. Published twice annually, these reports closely monitor key developments in the affordable housing market. Backed by proprietary research and analysis, our Affordable Housing Trends Reports enable investors, owners, developers, and other industry stakeholders to gain a clearer picture of the major trends currently shaping the sector.

Affordable Housing Archives

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Arbor’s Affordable Housing Trends Report Winter 2024/2025, developed in partnership with Chandan Economics, provides insight into a pivotal multifamily sector about to embark in a new direction.
Even with concerted public and private initiatives, the affordable housing shortage has persisted in cities and communities across the U.S.
Even with concerted public and private initiatives, the affordable housing shortage has persisted in cities and communities across the U.S.
As heightened housing demand and soaring inflation challenge low-income households, the affordable housing market sits at a critical juncture. Affordability has emerged as a primary concern for low-income earners living in naturally occurring affordable housing (NOAH).
The Housing Choice Voucher program is receiving increased attention and funding. The proposed 2023 federal budget calls for a 17.4% increase in program allocations, and bipartisan lawmakers are pushing legislation to retain private landlords.
The pandemic’s economic effects, combined with this year’s surging rent prices, have strained low-income renters, placing housing affordability back in the spotlight.