| x | ANNUAL REPORT PURSUANT TO SECTION      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF  1934 |
|---|--------------------------------------------------------------------------------------------|

| o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------------|

| Delaware                                                            |   | 13-3949418                                |
|---------------------------------------------------------------------|--------|-------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) |   | (I.R.S.      Employer Identification No.) |
|                                                                |   |                                      |
| 625      Madison Avenue, New York, New York                         |   | 10022                                     |
| (Address      of principal executive offices)                       |   | (Zip      Code)                           |

| Securities      registered pursuant to Section 12(b) of the Act: |
|------------------------------------------------------------------|
| None                                                             |

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| (c)  Exhibits.  |                                                                                                                                                                                                                                                                                                                           |
|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit No.                    | Exhibit Title                                                                                                                                                                                                                                                                                                                  |
|                           |                                                                                                                                                                                                                                                                                                                           |
| 23(a)                          | Consent of Deloitte & Touche LLP with respect to      incorporation by reference of its report relating to the 2008, 2007 and      2006 consolidated financial statements of American Mortgage Acceptance      Company and Subsidiaries in the Company's Registration Statements on Form      S-3, Form S-8 and Form S-11* |
|                           |                                                                                                                                                                                                                                                                                                                           |
| 24.1                           | Power      of Attorney (previously filed as part of the Company’s filing on Form 10-K      on March 10, 2009)                                                                                                                                                                                                            |
|                           |                                                                                                                                                                                                                                                                                                                           |
| 31.1                           | Chief Executive Officer certification pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002*                                                                                                                                                                                                                          |
|                           |                                                                                                                                                                                                                                                                                                                           |
| 31.2                           | Chief Financial Officer certification pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002*                                                                                                                                                                                                                          |
|                           |                                                                                                                                                                                                                                                                                                                           |
| 32                             | Certification pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002*                                                                                                                                                                                                                                                  |
|                           |                                                                                                                                                                                                                                                                                                                           |
|                           |                                                                                                                                                                                                                                                                                                                           |
|                           |                                                                                                                                                                                                                                                                                                                           |
| 99.                            | Additional Exhibits                                                                                                                                                                                                                                                                                                            |
|                           |                                                                                                                                                                                                                                                                                                                           |
| 99(a)                          | The 2008, 2007 and 2006 consolidated financial statements      of American Mortgage Acceptance Company and Subsidiaries, as required by      Regulation S-X, Rule 3-09*                                                                                                                                                        |
|                           |                                                                                                                                                                                                                                                                                                                           |
|                           |                                                                                                                                                                                                                                                                                                                           |
|                           |                                                                                                                                                                                                                                                                                                                           |
|                           | *  Filed      herewith                                                                                                                                                                                                                                                                                               |

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| Date:  |   | February      24, 2010 |   | By:    |   | /s/      Marc D. Schnitzer                                       |
|--------|--------|------------------------|--------|--------|--------|------------------------------------------------------------------|
|   |   |                   |   |   |   | Marc      D. SchnitzerPresident      and Chief Executive Officer |

| Date:  |   | February      24, 2010 |   | By:    |   | /s/      Robert L. Levy                         |
|--------|--------|------------------------|--------|--------|--------|-------------------------------------------------|
|   |   |                   |   |   |   | Robert      L. LevyChief      Financial Officer |

| Signature                        |                    | Title                                                        |   | Date                   |
|----------------------------------|-------------------------|--------------------------------------------------------------|--------|------------------------|
|                             |                    |                                                         |   |                   |
|  /s/      Marc D. Schnitzer |                    |                                                         |   |                   |
| Marc      D. Schnitzer           |                    | Managing      Trustee, Chief Executive Officer and President |   | February      24, 2010 |
|  /s/      Robert L. Levy    |                    |                                                         |   |                   |
| Robert      L. Levy              |                    | Chief      Financial Officer                                 |   | February      24, 2010 |
|  *                          |                    |                                                         |   |                   |
| Stephen      M. Ross             |                    | Managing      Trustee and Chairman of the Board              |   | February      24, 2010 |
|  *                          |                    |                                                         |   |                   |
| Jeff      T. Blau                |                    | Managing      Trustee                                        |   | February      24, 2010 |
|  *                          |                    |                                                         |   |                   |
| Robert      J. Dolan             |                    | Managing      Trustee                                        |   | February      24, 2010 |
|  *                          |                    |                                                         |   |                   |
| Jerome      Y. Halperin          |                    | Managing      Trustee                                        |   | February      24, 2010 |
|  *                          |                    |                                                         |   |                   |
| Robert      L. Loverd            |                    | Managing      Trustee                                        |   | February      24, 2010 |
|  *                          |                    |                                                         |   |                   |
| Robert      A. Meister           |                    | Managing      Trustee                                        |   | February      24, 2010 |
|  *                          |                    |                                                         |   |                   |
| Thomas      W. White             |                    | Managing      Trustee                                        |   | February      24, 2010 |
|   *                    | /s/      Robert L. Levy |                                                         |   |                   |   |
|                             | Attorney-in-fact        |                                                         |   |                   |   |

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