FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * MARTELLO JOSEPH 2. Issuer Name and Ticker or Trading Symbol ARBOR REALTY TRUST INC [ ABR ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
C/O ARBOR REALTY TRUST, INC., 333 EARLE OVINGTON BLVD., STE. 900
3. Date of Earliest Transaction (MM/DD/YYYY)
12/3/2020
(Street)
UNIONDALE, NY 11553
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share  12/3/2020    D(1)    85000  D $13.30 (1) 100000 (2) I  By: The KFT 2018 NY Trust 
Common Stock, par value $0.01 per share                 40000 (2) I  By: The KFT DT LLC 
Common Stock, par value $0.01 per share                 120114  D   
Special Voting Preferred Stock, par value $0.01 per share  12/3/2020    D(1)    40599  D $13.30 (1) 782496 (2) I  By: The KFT 2018 NY Trust 
Special Voting Preferred Stock, par value $0.01 per share                 3000000 (2) I  By: The KFT DT LLC 
Special Voting Preferred Stock, par value $0.01 per share                 82902  I  By: The Living Trust of Joseph Martello 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Partnership Common Units   (3) 12/3/2020    D (1)       40599    (3)  (3) Common Stock, par value $0.01 per share  40599  $13.30 (1) 782496 (2) I  By: The KFT 2018 NY Trust 
Partnership Common Units   (3)                  (3)  (3) Not Applicable (3)  (3)   3000000 (2) I  By: The KFT DT LLC 
Partnership Common Units   (3)                  (3)  (3) Not Applicable (3)  (3)   82902  I  By: The Living Trust of Joseph Martello 

Explanation of Responses:
(1)  As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its November 13, 2020 public offering of 7,000,000 shares of common stock (the "Offering") to purchase an aggregate of 125,599 shares of the Company's common stock and Partnership Common Units held by The KFT 2018 NY Trust for $13.30 per share, which is the same price at which the underwriters purchased the shares in the Offering.
(2)  These estate planning vehicles were set up for the benefit of the immediate family of the Company's Chief Executive Officer, Ivan Kaufman. Mr. Martello shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.
(3)  Not applicable.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MARTELLO JOSEPH
C/O ARBOR REALTY TRUST, INC.
333 EARLE OVINGTON BLVD., STE. 900
UNIONDALE, NY 11553
X



Signatures
/s/ Joseph Martello 12/4/2020
**Signature of Reporting Person Date