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Industry

Financial Services

Company Type

Real Estate

Size

$15 Million

Investment Type

Equity

Overview

Clippinger Investment Properties (“CIP”), a California real estate company, is seeking $15 million of equity to acquire and lease-up a new student housing project in Oakland, CA – construction expected to be completed before year-end

Highly versatile – experience with multifamily, mixed use developments, industrial and office space with very high quality, stable tenants under long-term lease (such as government entities)​


Equity on past projects has mostly been provided by the principal, Robert Clippinger, as well as close friends and family – over $70 million invested since inception​


Delivered an 18.3x MOIC on prior student housing investment – Fullerton, CA (19-year hold)

The Refuge – Student Housing

Over 56,000 total SF of new modular construction, with about 5,000 SF set aside for affordable housing


57 apartments, including studios and two and four-bedroom units, all with city views


Expected average rent of $5,500 per month, with leasing expected to begin in Q4


Common living areas, including gym, meeting rooms, and lounge – ground floor retail space


EV charging stations and short-term EV car rentals

Management

Founder & CEO

Robert Clippinger


  • Over 40 years of experience in commercial real estate across a wide variety of property types, such as multifamily, office, retail, hospitality, condo and mixed use
  • Formed Clippinger Investment Properties in 1994 and has owned and operated the company continuously since its founding
  • Began career at First Interstate Bank as an auditor in 1984
  • The following year moved into real estate as a broker for Cambio Investments and won awards for the most successful new agent in 1985 and 1986
  • Joined a commercial real estate startup investment firm, CapitalVest Realty, Inc., in 1986 and was involved in the growth and development, including acquisition structure, asset management, property management, property acquisition and disposition, general brokerage and capital funding for new projects
  • Involved in various charities and is also a former board member of Gateway Business Bank
  • BA, Real Estate Finance and Law, California State Polytechnic University
Learn More About Clippinger
Thank you for your interest in Clippinger. Please fill out your information and we will contact you shortly with more information on this opportunity.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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