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.

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UPDATE: Dow books meager gain as traders say Fed's Clarida sucked the life out of the stock market's Tuesday rally

4:30 pm ET May 5, 2020 (MarketWatch)

Stocks ended higher on Tuesday, but well off their best levels, as market participants said cautious comments about the health of the U.S. economy from Federal Reserve's No. 2, Richard Clarida, deflated much stronger gains. Investors had been upbeat as the easing of social restrictions put in place to stem the spread of the COVID-19 pandemic was fueling optimism on Wall Street. The S&P 500 rose 0.9% to 2,868. The Dow Jones Industrial Average climbed 133 points, or 0.6%, to 23,883, all on a preliminary basis. The Nasdaq Composite gained 1.1% to 8,809. Despite the pullback from the intrday high Tuesday stocks still have managed to shrug off the economic devastation across the U.S. as the reopening of some states and counties offers a glimpse of the recovery. In company news, shares of Hertz (HTZ) tumbled more than 16% after the Wall Street Journal reported that the car rental company had hired an additional adviser to help with an imminent bankruptcy filing.

-Sunny Oh; 415-439-6400;

(END) Dow Jones Newswires

May 05, 2020 16:30 ET (20:30 GMT)

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