SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*
DYKES ARCHIE R

(Last) | (First) | (Middle)
C/O ARBOR REALTY TRUST
333 EARLE OVINGTON BLVD, SUITE 900

(Street)
UNIONDALE | NY | 11553

(City) | (State) | (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/18/2006

3. Issuer Name and Ticker or Trading Symbol
ARBOR REALTY TRUST INC [ ABR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X | Director | | 10% Owner
| Officer (give title below) | | Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)
X | Form filed by One Reporting Person
| Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share | 2,000^(1) | D |

Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | | | |
Explanation of Responses:
1. 1,000 of such shares represent restricted shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2003 Omnibus Stock Incentive Plan, as amended and restated.
Remarks:
| /s/ Walter K. Horn, Attorney-in-Fact for Archie R. Dykes | 04/18/2006
| ** Signature of Reporting Person | Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

POWER OF ATTORNEY  

KNOW ALL PERSONS BY THESE PRESENTS that the

undersigned hereby constitutes, designates and appoints Walter K. Horn as

such person's true and lawful attorney-in-fact and agent, with full power

of substitution and resubstitution, for the undersigned and in the

undersigned's name, place and stead, in any and all capacities, to
execute, 
acknowledge, deliver and file any and all filings required by
the 
Securities Exchange Act of 1934, as amended, including Section 16 of
such 
act, and the rules and regulations thereunder, and requisite
documents in 
connection with such filings, respecting securities of Arbor
Realty Trust, 
Inc., a Maryland corporation including but not limited to
Forms 3, 4 and 5 
under such act and any amendments thereto.  

This
power of attorney 
shall be valid from the date hereof until revoked by
the undersigned.  

IN WITNESS WHEREOF, the undersigned has executed
this instrument as of 
the 18th day of April, 2006.  

/s/ Archie R.
Dykes  
Archie R. Dykes