Clipper Realty Inc.: directors' dealings · United States · SEC (Form 4)

About Clipper Realty Inc.

Clipper Realty Inc. (ticker: CLPR) is a U.S.-listed real estate company traded on the NYSE and organized as a REIT. It acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio concentrated in Manhattan and Brooklyn. For international investors, this is a highly localised New York real estate play: performance is closely tied to apartment demand, rent growth, occupancy, office leasing conditions, and refinancing costs in one of the most competitive property markets in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001649096/000143774926005856/clpr20251231_10k.htm?utm_source=openai)) The company was incorporated in 2015 in Maryland and elected REIT status beginning with the tax year ended December 31, 2015. Its operating headquarters are in Brooklyn, New York. Clipper Realty describes itself as self-administered and self-managed, meaning it runs portfolio operations internally rather than relying on an external manager. That structure can support tighter asset-level control, but it also places a premium on operating discipline, capital allocation, and property-level execution. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001649096/000143774926005856/clpr20251231_10k.htm?utm_source=openai)) Clipper’s portfolio includes a mix of residential and mixed-use assets such as Tribeca House, The Aspen, Clover House, 141 Livingston, 250 Livingston, 233 Schermerhorn, Flatbush Gardens, Pacific House, and the Prospect House development at 953 Dean Street in Brooklyn. The company’s strategy combines ownership of stabilized income-producing properties with selective repositioning and development-oriented projects. In practical terms, CLPR sits between a pure income REIT and a value-add operator, with upside linked to leasing execution and asset improvement rather than broad geographic diversification. ([clipperrealty.com](https://clipperrealty.com/properties/?utm_source=openai)) From a competitive standpoint, Clipper Realty benefits from exposure to prime and infill New York locations, which can support pricing power and long-term demand. At the same time, its concentrated footprint makes earnings more sensitive than those of larger, diversified REIT peers to local regulation, property tax pressure, capital market volatility, and asset-specific issues. This concentration can be a strength when the market is strong, but it also increases downside risk when office or financing conditions deteriorate. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001649096/000143774926005856/clpr20251231_10k.htm?utm_source=openai)) Recent developments have been material. The company brought Prospect House into lease-up, sold 10 West 65th Street in May 2025, and worked through financing and lender issues at key office assets, notably 141 Livingston Street and 250 Livingston Street. In its February 2026 quarterly update, Clipper Realty highlighted strong residential demand, higher rents, and progress on office-related matters. For investors tracking SEC Form 4 insider activity, these operational and balance-sheet developments provide important context for assessing insider signals and management confidence. ([clipperrealty.com](https://clipperrealty.com/wp-content/uploads/2026/02/Q4-25-Supplemental-Financial-Information.pdf?utm_source=openai))