Clipper Realty (NYSE:CLPR) is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.
The company’s primary activities include property acquisition, selective repositioning and asset management. Clipper Realty works to enhance cash flow and tenant retention through targeted capital improvements, leasing initiatives and professional on‐site management. Its portfolio encompasses approximately four million rentable square feet, diversified across both market‐rate and rent‐regulated apartment units as well as ground‐floor retail space.
Headquartered in New York City, Clipper Realty leverages a vertically integrated platform that brings together acquisitions, construction oversight, leasing, property management and financial reporting. This structure is designed to provide greater control over operating expenses and capital expenditures, while enabling the firm to respond nimbly to market conditions and tenant needs.
Under the leadership of Chief Executive Officer David S. Bistricer and a management team with deep experience in urban real estate, Clipper Realty aims to generate stable, long‐term income by growing and optimizing its portfolio. The company continues to pursue opportunities that align with its disciplined investment criteria and focus on high‐demand neighborhoods in New York City.
