Clipper Realty Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

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.

Closing Price
$7.95
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
0

10-day average volume:
85,695
0

Hertz stock falls nearly 20% after WSJ reports another bankruptcy adviser hired

5:31 pm ET May 4, 2020 (MarketWatch)
Print

Shares of Hertz Global Holdings Inc. (HTZ) fell nearly 20% in the extended session Monday after a report by The Wall Street Journal said the car rental company has hired an additional adviser (https://www.wsj.com/articles/hertz-hires-additional-restructuring-adviser-for-planned-bankruptcy-11588624992?mod=searchresults&page=1&pos=1) to help with a forthcoming bankruptcy filing. Amid a drop in demand with the coronavirus pandemic, Hertz has engaged FTI Consulting Inc. to advise it on efforts to streamline operations ahead of a filing, the report said, citing people familiar with the matter. The newspaper reported last month that Hertz had hired lawyers and investment bankers as advisers as it tries to renegotiate its $17 billion of debt. Shares of Hertz ended the regular trading day up 2.3%.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 04, 2020 17:31 ET (21:31 GMT)

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