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OFFON

CLIPPER REALTY INC.

(CLPR)
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Business Summary
Clipper Realty, Inc. is a real estate investment trust, which acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company's segments include Commercial and Residential. As of June 30, 2016, it owned two residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, referred to as the Tribeca House properties. As of June 30, 2016, it also owned a residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, referred to as the Flatbush Gardens properties or complex. As of June 30, 2016, it owned two primarily commercial properties in Downtown Brooklyn (one of which included 36 residential apartment units), referred to as the 141 Livingston Street property and the 250 Livingston Street property, and also owned the Aspen property.

Number of employees : 156 people.
Sales per Business
20192020Delta
USD (in Million)%USD (in Million)%
Residential87.3975.2%90.5473.7% +3.61%
Commercial28.7824.8%32.3126.3% +12.26%
Sales per region
20192020Delta
USD (in Million)%USD (in Million)%
United States116.17100%122.85100% +5.75%
Managers
NameAgeSinceTitle
David Bistricer702015Co-Chairman, President & Chief Executive Officer
Michael C. Frenz452019Chief Financial Officer & Secretary
J. J. Bistricer392006Chief Operations Officer
Shmuel David Levinson462015Co-Chairman
Howard Mark Lorber712015Independent Director
Robert J. Ivanhoe672018Independent Director
Harmon S. Spolan842018Independent Director
Richard N. Burger692018Independent Director
Jacob Schwimmer491992Chief Property Management Officer
Members of the board
NameAgeSinceTitle
David Bistricer702015Co-Chairman, President & Chief Executive Officer
Shmuel David Levinson462015Co-Chairman
Howard Mark Lorber712015Independent Director
Robert J. Ivanhoe672018Independent Director
Roberto A. Verrone512015Director
Harmon S. Spolan842018Independent Director
Richard N. Burger692018Independent Director
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 16,063,228 13,602,081 84.7% 0 0.0% 84.7%
Shareholders
NameEquities%
Indaba Capital Management LP 1,742,092 10.8%
Shmuel David Levinson 1,625,917 10.1%
David Bistricer 1,077,206 6.71%
Forward Management LLC 1,009,185 6.28%
Brigade Capital Management LP 874,724 5.45%
The Vanguard Group, Inc. 804,123 5.01%
Greenlight Capital, Inc. 730,772 4.55%
Fidelity Management & Research Co. LLC 691,626 4.31%
American Money Management Corp. 648,462 4.04%
Park West Asset Management LLC 478,928 2.98%
Company contact information
Clipper Realty, Inc.
4611 12th Avenue
Suite 1L
Brooklyn, NY 11219

Phone : +1.718.438.2804
Web : http://www.clipperrealty.com