Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 189

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 189
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,367 $23,868 $— AWC Real Estate Opportunity Partners I LP16,094 13,562 108,450 Fifth Wall Ventures15,861 14,490 — AMAC Holdings III LLC14,416 15,413 33,410 ARSR DPREF I LLC5,697 5,603 — Lightstone Value Plus REIT L.P.1,895 1,895 — The Park at Via Terrossa591 606 21,845 Docsumo Pte. Ltd.450 450 — JT Prime425 425 — West Shore Café— — 1,688 Lexford Portfolio— — — East River Portfolio— — — Total$71,796 $76,312 $165,393 Arbor Residential Investor LLC ("ARI"). We invested $9.6 million for a 50% interest in ARI, with our former manager, Arbor Commercial Mortgage, LLC (“ACM”), holding the remaining 50%. ARI was formed to hold a 50% interest in Wakefield Investment Holdings LLC (“Wakefield”), an entity that was formed with a third party to hold a controlling interest (initially 65%) in a residential mortgage banking business. During the six months ended June 30, 2025, we recorded a loss of $1.4 million and during the three and six months ended June 30, 2024, we recorded a loss of $0.8 million and income of $0.8 million, respectively, to income from equity affiliates in our consolidated statements of income. Additionally, during the three and six months ended June 30, 2025, we received distributions of $5.6 million and $6.1 million, respectively, and during both the three and six months ended June 30, 2024, we received distributions of $7.7 million, which were classified as returns of capital.In April 2025, Wakefield entered into an agreement to sell its interest in the residential mortgage banking business for $117.3 million. Based on the terms of this agreement, $22.0 million was allocated to us, which is equivalent to the carrying value of our investment, and therefore do not expect to record a gain or loss on the transaction. The transaction closed once the entire sales price was paid, which was due in installments as follows: $15.0 million on