Clipper Realty

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www.clipperrealty.com
Clipper Realty
Type Public
Industry Real State
Founded 2015
Headquarters New York, United States
Key people David Bistricer (CEO), Lawrence E. Kreider Jr. (CFO), J. J. Bistricer (COO), Jacob Schwimmer (Chief Property Manager)
Number of employees 177 [1]

Clipper Realty Inc is a real estate company that acquires, owns, manages, operates, and repositions multi-family residential and commercial properties in the New York metropolitan area. It operates through Commercial and Residential segments. The company is qualified as a REIT for U.S. federal income tax purposes. [2]

The Company owns:

  • Two neighboring residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, which is collectively referred to as the Tribeca House properties
  • One residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, which is referred to as the Flatbush Gardens properties or complex;
  • Two primarily commercial properties in Downtown Brooklyn (one of which includes 36 residential apartment units), which is referred to as the 141 Livingston Street property and the 250 Livingston Street property
  • One residential/retail rental property at 1955 1st Avenue in Manhattan, which is referred to as the Aspen property[3]


Controversies

None Reported

Top 5 Recent Tweets


Top 5 Recent News Headlines

  • Clipper Realty $144.00 million Fundraising. David Bistricer Submitted Aug 3 SEC Form - Clipper Realty was able to sell $15.34 million so far. That is 10.65% of the fundraising offer. [4]
  • BRIEF-Clipper Realty files for NYSE IPO of up to $100 mln - SEC filing - Will apply to list common stock on New York Stock Exchange under the symbol "CLPR". [5]
  • David Bistricer’s Clipper to pay $103M for E. Harlem rental - David Bistricer’s Clipper Realty is in contract to buy an East Harlem rental building for approximately $103 million. [6]
  • Clipper Realty Snags $70M for Acquisition of East Harlem Rental - Capital One has provided $70 million in acquisition financing for Clipper Realty’s purchase of The Aspen in East Harlem [7]
  • Clipper Equity’s David Bistricer to form REIT - Developer has raised $144M in equity to date; Lorber, Verrone on board of directors. [8]

Reference

  1. http://www.nasdaq.com/markets/ipos/company/clipper-realty-inc-972131-81856
  2. http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=306671588
  3. http://www.nasdaq.com/markets/ipos/company/clipper-realty-inc-972131-81856#ixzz4OC9lElZb
  4. http://www.octafinance.com/clipper-realty-144-00-million-fundraising-david-bistricer-submitted-aug-3-sec-form/128759/#ixzz4OCOmYiYN
  5. http://in.reuters.com/article/idINFWN1CD0HO
  6. http://therealdeal.com/2016/01/05/david-bistricers-clipper-to-pay-103m-for-ues-rental/
  7. https://commercialobserver.com/2016/06/clipper-realty-snags-70m-for-acquisition-of-east-harlem-rental/
  8. http://therealdeal.com/2015/08/12/clippers-david-bistricer-to-form-reit/

Verification history