Arbor Realty Trust Announces the Appointment of Michael House, SVP of Loan Acquisitions
UNIONDALE, N.Y., June 19 /PRNewswire-FirstCall/ -- Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust focused on investing in real estate related bridge and mezzanine loans, preferred equity investments, mortgage related securities and other real estate related assets, announced today the appointment of Michael House to a newly created position, Senior Vice President of Loan Acquisitions. Mr. House will be dedicated to acquiring whole loans, B-notes, mezzanine loans and other real estate debt instruments from investment banks and commercial lending institutions.
"Michael has been involved in all facets of real estate finance, ranging from loan origination and portfolio management to loan workouts, portfolio analysis and ratings," said Ivan Kaufman, Chairman and Chief Executive Officer of Arbor Realty Trust. "He has extensive experience in underwriting and analyzing nearly all property types and has been involved with transactions across most of the nation's major markets. With his depth of knowledge, we look forward to the level of sophisticated expertise he will bring to Arbor."
Prior to joining Arbor Realty Trust, Mr. House was the Vice President and Group Head of Real Estate Capital Markets at Genworth Financial where he managed loan acquisitions and Real Estate Fund investments. Prior to that, he was the Regional Director of Loan Syndications at Mercedes Credit. During his career, he has also held positions at Standard & Poor's, Bank of New York and Marine Midland Bank.
Mr. House received a Bachelor of Science in Economics from the State University of New York, College at Oneonta. He will report to Gene Kilgore, Executive Vice President of Structured Securitization.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc. is a real estate investment trust which invests in a diversified portfolio of multi-family and commercial real estate related bridge and mezzanine loans, preferred equity investments, mortgage related securities and other real estate related assets. Arbor commenced operations in July 2003 and conducts substantially all of its operations through its operating partnership, Arbor Realty Limited Partnership and its subsidiaries. Arbor is externally managed and advised by Arbor Commercial Mortgage, LLC, a national commercial real estate finance company operating through 11 offices in the US that specializes in debt and equity financing for multi-family and commercial real estate.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor's expectations include, but are not limited to, continued ability to source new investments, changes in interest rates and/or credit spreads, changes in the real estate markets, and other risks detailed in Arbor's Annual Report on Form 10-K for the year ended December 31, 2006 and its other reports filed with the SEC. Such forward- looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.
Contact:
Arbor Realty Trust, Inc.
Investor Relations
516-506-4200
InvestorRelations@arbor.com
SOURCE Arbor Realty Trust, Inc.
(ABR)
