Company: CLPR
Filing Date: 2025-01-23
Form Type: S-3
Source: 0001437749-25-001690
Chunk: 103

Company: Clipper Realty Inc.
Filing Date: 2025-01-23
Form: S-3
Chunk 103
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 be passed upon for us by Blank Rome LLP and, with respect to certain matters of Maryland law, Venable LLP.

<div align='center'>EXPERTS</div>

The consolidated financial statements and the related financial statement schedule of Clipper Realty Inc. as of December 31, 2023 and 2022, and for each of the two years in the period ended December 31, 2023, incorporated by reference in this prospectus, and the effectiveness of internal control over financial reporting of Clipper Realty Inc., have been audited by PKF O’Connor Davies, LLP, an independent registered public accounting firm, as stated in their reports. Such consolidated financial statements and the related financial statement schedule are incorporated by reference in reliance upon the reports of such firm, given their authority as experts in accounting and auditing.

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INCORPORATION BY REFERENCE OF INFORMATION FILED WITH THE SEC</div>

The SEC allows us to “incorporate by reference” the information we file with the SEC, which means that we can disclose important information to you by referring to those documents. The information incorporated by reference is an important part of this prospectus and any accompanying prospectus supplement. Any statement contained in a document which is incorporated by reference into this prospectus and any accompanying prospectus supplement is automatically updated and superseded if information contained in this prospectus or any accompanying prospectus supplement, or information that we later file with the SEC, modifies or replaces this information. We incorporate by reference the following documents that we have filed with the SEC:

| ● | the description of our common stock contained in our registration statement on Form 8-A (File No. 001-38010) filed with the SEC on February 9, 2017, including any amendment or report filed for the purpose of updating such description. |

We are also incorporating by reference additional documents that we file with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act: (i) after the date of the initial registration statement of which this prospectus is a part and prior to effectiveness of the registration statement and (ii) after the date of this prospectus and prior to the termination of the offering of the securities described in this prospectus. We are not, however, incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed “filed” with the SEC, including any information furnished pursuant to