Clipper Realty (NYSE:CLPR) is a publicly traded real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker CLPR. The company specializes in the ownership, operation, and acquisition of multifamily and office properties, with a primary focus on value‐add opportunities in select neighborhoods. Clipper’s strategy combines targeted investments in under‐capitalized properties with proactive asset management and leasing initiatives to enhance cash flow and long‐term equity growth.
Founded in 1994, Clipper Realty began as a privately held partnership before transitioning to a public company via an initial public offering in 2018. Over the years, the firm has built a diversified portfolio through strategic property acquisitions, ground-up developments, and repositioning of existing assets. This historical emphasis on disciplined underwriting and opportunistic growth has allowed Clipper to expand its holdings and evolve alongside shifting market dynamics.
Today, Clipper’s portfolio spans primarily New York City, with concentrations in Brooklyn, Queens, and Manhattan. The company owns and operates a broad mix of residential, retail, and office properties, ranging from walk‐up apartment buildings to multi-story commercial assets. Clipper complements its core real estate activities with in-house property management, leasing, and construction oversight, enabling tight cost control and rapid responsiveness to tenant needs.
Leadership at Clipper Realty is anchored by Chairman and Chief Executive Officer Kenneth Bernstein, who brings decades of real estate investment experience to the organization. Supported by a senior management team overseeing finance, operations, and asset management, Bernstein’s vision has guided Clipper’s expansion and operational execution. Headquartered in New York City, the company remains committed to sustainable growth, community engagement, and delivering long-term value for its shareholders.
