UNIONDALE, NY – Arbor Realty Trust, one of the nation’s leading multifamily lenders, launched an innovative $2 million rental help program to help thousands of tenants and families significantly impacted by the COVID-19 outbreak. The Arbor Rental Help Program (ARAP) is a unique goodwill initiative intended to supplement existing government rent relief programs and leverage private capital to fill critical gaps for people who are impacted by a loss of income due to COVID-19.
“As one of the most active lenders in the industry offering workforce housing loans, we want to do our part to help ease the burden for those who’ve been severely impacted by COVID-19,” said Ivan Kaufman, President and CEO of Arbor Realty Trust. “For those who have unfortunately lost income and are temporarily unable to meet their rent obligations, we are looking to provide some much-needed relief until they are able to stabilize their situations.”
What makes ARAP unique is its focus on incorporating a partnership with the Company’s ecosystem of borrowers and property owners. Arbor is contributing $1 million to the program and participating borrowers will match Arbor’s advances to its tenants in need to help fill the rent gap during the hard-hit months of May and June. Together, the partnership program will provide $2 million in relief, making financial stability not only for the tenants, but for the borrowers and property owners who provide affordable housing to working families across America.
The program will be offered to tenants at the properties Arbor finances across the country on a first-come, first-served basis.
“I commend Arbor for leading this effort and for making an approach that has the potential for helping so many people,” said Mark Osgood, President of MDO Capital, Inc. “By reaching out and collaborating during this time, as an owner, I am able to help people in a truly meaningful way that, in essence, helps the entire multifamily economic ecosystem.”
David Lynd, CEO of Lynd, which owns and operates more than 20,000 multifamily units across the country, added, “Crisis brings out the right character of human beings. With this program, Arbor has made a statement and we appreciate their efforts.”
“The apartments we finance are homes to millions of workers who comprise the backbone of this nation,” added Kaufman. “We’re all in this together, and if we all come together to help, we can make a notable difference with an eye towards the future and a recovery from this unprecedented health crisis.”

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ATLANTA, GA – Domain Capital Group, LLC, a comprehensive private investment management services firm, announced its subsidiary, Domain Capital Advisors, and Simpson Housing LLLP completed a joint venture with PFA Pension of Copenhagen, Denmark. PFA bought a 49% equity interest in a 13-asset, Class A multifamily portfolio for an aggregate value of $1.05 billion. Domain Capital Advisors will provide oversight and asset management of the newly formed REIT joint venture.
The multifamily portfolio, which was owned by Simpson Housing, is located in high-growth U.S. markets, including Austin, Charlotte, Denver, Houston, Nashville, Phoenix, Portland and Seattle. It is comprised of 3,487 units that are approximately six years ancient and more than 95% leased at closing. The portfolio serves a mix of urban and suburban lifestyles with both newly built and refurbished product offerings in proximity to transportation infrastructure.
We are excited about our new relationship with PFA Pension and look forward to growing our relationship with them through further acquisitions, said Patrick R. Leardo, executive managing director and chief executive officer of Domain Capital Group. Our team is also proud to continue its longstanding partnership with Simpson Housing. We have managed equity investments in their portfolio for more than 10 years, while providing asset management and advisory support to our operating partner.
Simpson Housing LLLP will serve as the portfolio s property manager on behalf of the joint venture. Accord Capital Partners LLC served as the exclusive financial advisor for the transaction. Terms of the transaction were not told.

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SMALL ROCK, AR – BSR Real Estate Investment Trust announced that it has sold three noncore properties, comprising 632 apartment units, as part of the REIT’s portfolio enhancement and capital recycling strategy. All dollar amounts in this news release are denominated in US currency.
The following properties were sold in Longview, Texas for yucky proceeds of $52.5 million: Summer Brook Apartments built in 1997; Summer Green I Apartments; and the second phase, Summer Green II, both built in 1984.
“The sale of the Longview properties is consistent with our stated strategy to capitalize on the historically low cap rate spread between primary and secondary markets in U.S. sunbelt states,” said John Bailey, Chief Executive Officer of BSR. “These sales follow the March acquisition of Ariza in our target market of Austin, Texas, and enable us to enhance the quality of our portfolio in primary markets, while also crystalizing the benefits of upgrades previously performed on the Longview properties on a tax-deferred basis. I am very proud of the BSR team for continuing to do efficiently during these uncertain economic times related to COVID-19, which is a testament to our management platform.”
Since BSR completed its IPO on May 18, 2018, the portfolio’s weighted average age has decreased by seven years to 22 years ancient, from 29 years, directly attributable to acquisitions and dispositions. The REIT’s nine acquisitions following the IPO added 2,562 apartment units with a weighted average year built of 2009 (11 years ancient) compared to the 19 dispositions totaling 3,414 apartment units with a weighted average year built of 1982 (38 years ancient). NOI from properties located in the REIT’s primary markets now comprises 79% of total NOI compared to 52% as of the fourth quarter of 2018 on a pro-forma basis.
The net cash proceeds of $51.2 million generated from these dispositions further enhance the REIT’s strong liquidity position, essential in the current uncertain economy. Total liquidity today is $77.0 million, including cash and equivalents of $9.6 million, $32.4 million of borrowing capacity under the REIT’s credit facility, and $35.0 million available under the REIT’s revolving line of credit. The REIT’s pro forma debt to yucky book value ratio is 46.6%.

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