0000950123-05-000716 424B3 1 20050126 20050126 ARBOR REALTY TRUST INC 0001253986 6798 200057959 MD 1231 424B3 33 333-116223 05549621 333 EARLE OVINGTON BOULEVARD SUITE 900 UNIONDALA NY 11553 5168328003 333 EARLE OVINGTON BLVD STE.900 UNIONDALE NY 11553 424B3 1 y05140b3e424b3.txt FORM 424B3