Arbor's Looking Glass and Alexandria's Pipette Dreams

This week, it’s time to address the multifamily distress from the lens of the lender, specifically, one of the biggest ones: Arbor Realty Trust has been walloped on Wall Street- its stock is down 73% this year, it suspended its dividend, it’s the target of short sellers, and it’s been getting twice-bitten on some loans made at the peak. Can Ivan Kaufman pull off a great escape? Next, we put in a call to the men in the white coats: Alexandria Real Estate Equities is selling off large chunks of the life-sci empire it defined a whole category with.

Plus, our Punch List rundown of the newsiest industry happenings: Rafi Toledano's comeback; a data center-loving county; Rockpoint's skyscraper etch-a-sketch; Weil Gotshal's collapse; TPG's $5B raise; and BXMT's woes

Sponsors:
1) Pensford, the only interest-rate advisory focused exclusively on CRE
2) Bravo Capital, a leading HUD and bridge lender.
3) H Equities, your mid-market go-to on both sides of the capstack. Hit them up for bridge loans of up to $50M, or if you need a co-GP partner for that last 10-20% of equity.

Partner Content:
"Inside the Capstack" with Gibson Dunn's Eric Meer. Meer discusses the nuances of taking in preferred equity.

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Further Reading/Listening
Rafi Toledano Steps Back Into the Fray
Downtown Office Tower Sells At Foreclosure Auction For $260M
Weil E Coyote
TPG, ACORE Raise Billions For Opportunistic CRE Funds

Viceroy's dossier on Arbor Realty Trust
The Double Schlimazel, REO Edition