Clipper Realty Inc. Reaches Stabilization Milestone for Clover House Property
Clipper Realty Inc. (NYSE:CLPR) (the Company), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that its Clover House property has reached stabilization, following a three-month lease-up period.
- Clipper Realty Inc. (NYSE:CLPR) (the Company), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that its Clover House property has reached stabilization, following a three-month lease-up period.
- The Company currently anticipates that the property will be fully leased by the end of the year.
- David Bistricer, Co-Chairman and Chief Executive Officer, commented, We are very proud that our Clover House property is now stabilized.
- The rapid lease-up speaks to the quality and attractiveness of the building, and the operational excellence of our leasing team.