Clipper Realty, a recently-formed REIT focused on multi-family and commercial properties in New York City, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The New York, NY-based company was founded in 2015 and booked $87 million in sales for the 12 months ended June 30, 2016. It plans to list on the NYSE under the symbol CLPR. FBR Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.
