Arbor Realty Trust Schedules First Quarter 2004 Earnings Date UNIONDALE, N.Y., April 30 /PRNewswire-FirstCall/ -- Arbor Realty Trust, Inc. , a real estate investment trust focused on the business of investing in real estate related bridge and mezzanine loans, preferred equity investments, mortgage related securities and other real estate related assets, today announced that the Company is scheduled to release first quarter financial results for the period ended March 31, 2004 before the market opens on Thursday, May 6, 2004. An accompanying conference call will be held on Thursday, May 6, 2004 at 10:00 a.m. ET. A live webcast of the conference call will be available online at http://www.arborrealtytrust.com/. Web participants are encouraged to go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. Listening to the webcast requires speakers and RealPlayer(TM) software, downloadable free at http://www.real.com/. Those without Web access should access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (888) 396-2356 for domestic callers and (617) 847-8709 for international callers. Please use participant passcode 36422598 After the live webcast, the call will remain available on the Company's Web site, http://www.arborrealtytrust.com/, through June 4, 2004. In addition, a telephonic replay of the call will be available from May 6, 2004 - May 13, 2004. The replay dial-in number is (617) 801-6888. Please use passcode 32249287. 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. The Company commenced operations in July 2003 and conducts substantially all of its operations through its operating partnership, Arbor Realty Limited Partnership. The Company is externally managed and advised by Arbor Commercial Mortgage, LLC, a national commercial real estate finance company operating through 15 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. The Company can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, continued ability to source new investments, changes in interest rates and/or credit spreads, changed in the real estate markets, and other risks detailed from time to time in the Company's reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor Realty Trust 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 the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based. Contacts: Investors: Rick Herbst, Chief Financial Officer Stephanie Carrington/ Denise Roche Arbor Realty Trust, Inc. The Ruth Group 516-832-7408 646-536-7017 / 7008 DATASOURCE: Arbor Realty Trust, Inc. CONTACT: Rick Herbst, Chief Financial Officer of Arbor Realty Trust, Inc., +1-516-832-7408, ; Investors - Stephanie Carrington, +1-646-536-7017, or Denise Roche, +1-646-536-7008, , both of The Ruth Group, for Arbor Realty Trust, Inc. Web site: http://www.arborrealtytrust.com/

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