Arbor Realty Trust Recognizes a $58 Million Gain Related to the 450 West 33rd Street Transaction

Arbor Realty Trust Recognizes a $58 Million Gain Related to the 450 West 33rd
Street Transaction

UNIONDALE, N.Y., July 21, 2014 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc.
(NYSE:ABR), today announced the recognition of a $58 million net gain related
to its investment in the 450 West 33^rd Street property. In 2007, the Company
received net proceeds of approximately $58 million from the closing of this
transaction and recorded a corresponding net deferred gain as a result of
guarantying a portion of the property's indebtedness. In July 2014, the
existing debt on the property was refinanced and the Company's portion of the
guarantee terminated, resulting in the recognition of the deferred gain for
GAAP purposes. The recognition of this gain will increase, on a proforma
basis, the Company's previously disclosed March 31, 2014 GAAP book value per
common share by $1.16 to $8.71 from $7.55 per common share.

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 is externally managed
and advised by Arbor Commercial Mortgage, LLC, a national commercial real
estate finance company operating through 14 offices in the US that specializes
in debt and equity financing for multi-family and commercial real estate. For
more information about Arbor Realty Trust, Inc., please visit
www.arborrealtytrust.com.

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, 2013 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.

CONTACT: Arbor Realty Trust, Inc.
         Paul Elenio, Chief Financial Officer
         516-506-4422
         pelenio@arbor.com
        
         Media:
         Bonnie Habyan, EVP of Marketing
         516-506-4615
         bhabyan@arbor.com
        
         Investors:
         Joseph Green
         The Ruth Group
         646-536-7013
         jgreen@theruthgroup.com
 
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