Arbor Realty: Upgrade To A Buy Based On Bottoming Housing Market

PM Images Dear readers, Arbor Realty Trust (NYSE:ABR) is a unique type of a mortgage REIT (mREIT) focused on providing short-term rehab-oriented bridge loans to multifamily borrowers and then off-loading these from their balance sheet through an agency business which creates long-term passive cash flow and allows Arbor to recapture the majority of their initial capital. This is a unique business model, quite frankly second to none, but it is also one that's quite complex and somewhat opaque. As a result, th ...