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Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We consent to the incorporation by reference in the Registration Statement on
Form S-8 (Registration No. 333-121461) pertaining to the registration of shares
of common stock of Arbor Realty Trust, Inc. issued pursuant to the Arbor Realty
Trust, Inc. 2003 Omnibus Stock Incentive Plan, as amended and restated, of our
report dated October 23, 2003, accompanying the consolidated financial
statements and schedule of the Structured Finance Business of Arbor Commercial
Mortgage, LLC and Subsidiaries, included in this annual report (Form 10-K) for
the year ended December 31, 2004.




/s/ GRANT THORNTON LLP

NewYork, New York
March 30, 2005
