As previously reported, on May 9, 2017, in accordance with the terms of the Option Agreement, dated as of July 14, 2016, as amended on May 9, 2017 (the “Amended Option Agreement”), by and among Arbor Realty Trust, Inc., a Maryland corporation (the “Company”), Arbor Realty Limited Partnership, a Delaware limited partnership (the “Partnership”), Arbor Realty SR, Inc., a Maryland corporation (“ARSR”) and Arbor Commercial Mortgage, LLC, a New York limited liability company (“ACM”), the Partnership provided written notice to ACM to terminate the Third Amended and Restated Management and Advisory Agreement, dated as of July 14, 2016 (the “Management Agreement”), by and among the Company, the Partnership, ARSR and ACM, in accordance with the terms of the Amended Option Agreement. to the Management Agreement, ACM employed certain of the Company’s executive officers and other staff who were not directly related to the agency business of ACM and, therefore, remained ACM employees after the Company’s acquisition of the agency platform of ACM on July 14, 2016. On May 31, 2017, the Company paid ACM the exercise price of $25,000,000 plus certain accrued and unpaid compensation and reimbursable expenses and the Management Agreement was terminated in accordance with its terms.

About Arbor Realty Trust, Inc. (NYSE:ABR)

Arbor Realty Trust, Inc. is a specialized real estate finance company that invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The Company operates in the portfolio segment of commercial mortgage loans and investments. The Company invests primarily in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. The Company may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Its principal business objective is to maximize the difference between the yield on its investments and the cost of financing these investments to generate cash available for distribution, facilitate capital appreciation and maximize total return to its stockholders. The Company is externally managed and advised by Arbor Commercial Mortgage, LLC (ACM or its Manager).

Arbor Realty Trust, Inc. (NYSE:ABR) Recent Trading Information

Arbor Realty Trust, Inc. (NYSE:ABR) closed its last trading session up +0.05 at 8.25 with 670,603 shares trading hands.