NYW024 AS-AA 17:14 Arbor Realty Trust Declares Second Quarter 2007 Dividend
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08:30 07/25
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[STK] ABR [IN] RLT FIN
[SU] DIV
TO BUSINESS AND REAL ESTATE EDITORS:

            Arbor Realty Trust Declares Second Quarter 2007 Dividend

      UNIONDALE, N.Y., July 25 /PRNewswire-FirstCall/ -- Arbor Realty Trust,
Inc. (NYSE: ABR), a real estate investment trust focused on the business of
investing in real estate related bridge and mezzanine loans, preferred and
direct equity investments, mortgage-related securities and other real estate
related assets, today announced that its Board of Directors has declared a
quarterly cash dividend of $0.62 per share of common stock for the second
quarter ended June 30, 2007. The dividend is payable on August 27, 2007 to
common shareholders of record on August 15, 2007.

      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 sales and
origination support 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.



      Contacts:
      Arbor Realty Trust, Inc.
      Paul Elenio, Chief Financial Officer
      516-832-7422
      pelenio@arbor.com

      Investors:
      Stephanie Carrington
      The Ruth Group
      646-536-7017
      scarrington@theruthgroup.com

      Media:
      Bonnie Habyan, SVP of Marketing
      516-229-6615
      bhabyan@arbor.com

SOURCE  Arbor Realty Trust, Inc.
    -0-                             07/25/2007

/CONTACT: media, Bonnie Habyan, SVP of Marketing, Arbor Realty Trust, Inc.,
+1-516-229-6615, or bhabyan@arbor.com, or investors, Paul Elenio, Chief
Financial Officer, Arbor Realty Trust, Inc., +1-516-832-7422, or
pelenio@arbor.com, or Stephanie Carrington of The Ruth Group, +1-646-536-7017,
or scarrington@theruthgroup.com, for Arbor Realty Trust, Inc./
    (ABR)

CO:  Arbor Realty Trust, Inc.
ST:  New York
IN:  RLT FIN
SU:  DIV