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…
The skinny
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