Arbor Realty Trust reports plans for a public sale of its common stock

Offer consists of 3.5 million shares and greenshoe of 525,000 shares

By Devika Patel

Knoxville, Tenn., June 6 - Arbor Realty Trust, Inc. said it plans to price a public sale of stock with a 30-day greenshoe.

The company will sell 3.5 million common shares. The greenshoe will be for 525,000 additional shares.

Deutsche Bank Securities Inc. is the bookrunning manager.

Proceeds will be used to make investments, to repurchase or pay liabilities and for general corporate purposes, which may include the repayment of debt under the company's credit facilities.

Arbor Realty is a real estate investment trust based in Uniondale, N.Y., that invests in multi-family and commercial real estate-related bridge and mezzanine loans, preferred equity, discounted mortgage notes and mortgage-related securities.

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