Clipper Realty Inc. is a self-administered and self-managed real estate investment trust that acquires, owns, and operates multifamily residential and commercial properties in the New York metropolitan area, with a focus on Manhattan and Brooklyn. The company generates revenue primarily from apartment rents on its portfolio of residential buildings and from commercial and retail leases, and pursues a strategy of acquiring properties in premier submarkets, repositioning them to increase rents, and managing assets to enhance occupancy and rental rates. Clipper Realty competes in the supply-constrained New York market by leveraging its diverse portfolio, multifamily redevelopment expertise, experienced management team, and operational capabilities to drive rent growth and create value.