Applesway, investors delinquent on $60M linked to Westchase apartments [Yahoo! Finance]
Arbor Realty Trust (ABR)
Last arbor realty trust earnings: 2/14 08:15 am
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Source: Yahoo! Finance
The owners are 30 days delinquent on a $60 million floating-rate CMBS loan, according to data from Trepp. The lender is Arbor Realty Trust, which has been criticized for its reliance on “high-risk” multifamily bridge loans of short-term floating rate debt. Known as the Westchase Portfolio, it is composed of Class C complexes east of George Bush Park, near the Sam Houston Tollway: the Preserve at Westchase, at 10615 Meadowglen Lane; the Estates at Westchase, at 2305 Hayes Road; the Grand at Westchase, at 10881 Richmond Avenue; and the Vista at Westchase, at 3435 Walnut Bend Lane. An LLC with a business address linked to Applesway founder Jay Gajavelli acquired the Preserve, the Estates and the Grand in 2021. Westchase Houston MGR, a joint venture linked to a group of real estate investors — Matt Picheny founder of Picheny; Justin Martinez of Sky Castle Properties; and Brent Ritchie of EnRitch Investment Group, among others — bought the Vista the same year, according to Trepp.
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News
- Arbor Realty Trust (ABR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Arbor Realty Trust Reports First Quarter 2024 Results and Declares Dividend of $0.43 per Share [Yahoo! Finance]Yahoo! Finance
- Arbor Realty Trust Reports First Quarter 2024 Results and Declares Dividend of $0.43 per ShareGlobeNewswire
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Arbor Realty Trust, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- Can Arbor Realty (ABR) Retain Its Beat Streak in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
ABR
Earnings
- 5/3/24 - Miss
ABR
Sec Filings
- 5/3/24 - Form 8-K
- 5/3/24 - Form 424B5
- 5/3/24 - Form S-3ASR
- ABR's page on the SEC website