Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 193

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 193
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 AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Note 8 — Investments in Equity Affiliates

We account for all investments in equity affiliates under the equity method. A summary of these investments is as follows (in thousands):Investments in Equity Affiliates atUPB of Loans to Equity Affiliates at September 30, 2025Equity Affiliates September 30, 2025December 31, 2024AWC Real Estate Opportunity Partners I LP$17,908 $13,562 $108,450 Fifth Wall Ventures16,461 14,490 — AMAC Holdings III LLC13,666 15,413 33,410 ARSR DPREF I LLC5,643 5,603 — Lightstone Value Plus REIT L.P.1,895 1,895 — The Park at Via Terrossa585 606 21,845 Docsumo Pte. Ltd.450 450 — JT Prime425 425 — The Cypress at Wesley Park265 — 14,964 Arbor Residential Investor LLC— 23,868 — West Shore Café— — 1,688 Lexford Portfolio— — — East River Portfolio— — — Total$57,298 $76,312 $180,357 AWC Real Estate Opportunity Partners I LP. In the first quarter of 2025, in accordance with the fund’s objectives, AWC brought in an additional capital partner who committed to a $3.0 million investment. The new partner further diluted our interest in the fund to a 46% limited partnership interest, from 49% at December 31, 2024. Certain investments made by AWC were in qualified properties that have outstanding bridge loans originated by us totaling $108.5 million and a $13.0 million Fannie Mae DUS loan we continue to service. During the three and nine months ended September 30, 2025, we made contributions of $2.4 million and $6.1 million, respectively, and recorded a loss of $0.6 million and $0.8 million, respectively, related to this investment. During the nine months ended September 30, 2025, we received distributions of $1.0 million, which were classified as returns of capital. Interest income recorded from the