Real Estate

Clarion Partners Real Estate Income Fund (CPREIF) Acquires Industrial Portfolio of Three Buildings in Inland Empire West Area

San Mateo, California–(business wire)– Clarion Partners Real Estate Income Fund, Inc. (CPREIF) acquires three 100% leased warehouse and distribution buildings totaling 109,644 square feet in Inland Empire West (“IE West”) in Chino, California By doing so, we have strategically increased our assets. ”) Submarkets*. The transaction was sold by JLL Capital Markets.

The Chino Micro Market is a highly desirable location within IE West due to its excellent highway access and lower transportation costs than many other Inland Empire Micro Markets. The property is within 10 miles of SR 71, SR 60, and I-10, all of which provide connectivity to major Southern California infrastructure. The property is located 10 miles west of Ontario International Airport and approximately 50 miles from the ports of Los Angeles and Long Beach.

Janet Souk, Senior Vice President, Clarion Partners and CPREIF Portfolio Manager, said: “Clarion Partners, on behalf of its institutional and industrial funds, already oversees a 4.5 million square foot stable portfolio at IE West (with a 7 million square foot development pipeline underway). Inland Empire The industrial sector continues to experience low vacancy rates while demand remains stable.”

Mark Detmer, Senior Managing Director and Industrial Group Leader, JLL Capital Markets, said: “Demand for affordable, well-maintained industrial properties remains strong in the Inland Empire, and smaller bay buildings such as those in this portfolio are important in providing operating space for local businesses here in Southern California. The buyer and seller are delighted with the results and are grateful that the private seller trusted us to handle this generational sale on our behalf.”

Constructed in 1997-1998, the three buildings sit on 5.74 acres, are 24 feet high, have a sizeable track court, and ample parking space. The new management team will invest additional capital in maintenance items such as new paint on all building exteriors, new roof coating and new skylights on Building 1.

click here See Clarion Partners’ latest outlook for the US industrial sector.

Clarion Partners, a leading U.S. real estate investment manager, is part of Franklin Templeton’s Alternatives business, with a broad range of strategies including real estate, private credit, hedge funds, secondary private equity and co-investments with approximately $224.8 billion in assets. straddling. Under management as of June 30, 2022.

About Clarion Partners Real Estate Income Fund (CPREIF)

CPREIF gives retail investors direct access to a portfolio of income-generating private commercial real estate through innovative investment funds backed by Clarion’s deep real estate expertise. CPREIF is a non-diversified, closed-end investment firm that offers recurring common stock. The Fund’s investment manager, Legg Mason Partners Fund Advisor, LLC, is an indirect wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”) and the Fund’s investment sub-advisor, Clarion Partners, is a majority-owned Indirect subsidiary. of Franklin Resources. In addition, Western Asset Management, the Fund’s securities sub-advisor, is also an indirect wholly-owned subsidiary of Franklin Resources. A hard copy of the fund’s complete audited financial statements is available free of charge upon request. For more information on CPREIF, please visit: CPREIF.com.

About Clarion Partners

Clarion Partners is an SEC-registered investment manager with FCA-licensed and FINRA member affiliates and has been a leading real estate investment manager in the United States for 40 years. Headquartered in New York, we maintain offices strategically located in the United States and Europe. With his $81.4 billion in assets under management, Clarion Partners provides over 500 domestic and international institutional investors with a wide range of real estate strategies spanning risk and return. Clarion has established a US is a leader in industry portfolio operators. and Europe. For more information about the company, please visit: www.clarionpartners.com.

About JLL

JLL (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. JLL is shaping the future of real estate for a better world by using cutting-edge technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our customers, employees and communities. is shaping JLL is a Fortune 500 company with operations in more than 80 countries and more than 100,000 employees as of March 31, 2022. JLL is a brand name and registered trademark of Jones Lang LaSalle Incorporated. For more information, visit his website at: jll.com.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] operates as Franklin Templeton and is a global investment management organization with subsidiaries serving clients in more than 155 countries. Franklin Templeton’s mission is to help clients achieve better results through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the firm offers boutique expertise on a global scale, bringing a broad range of capabilities across fixed income, equities, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based firm has 75 years of investment experience and approximately $1.4 trillion in assets under management as of June 30, 2022. I own For more information, visit his website at: franklinresources.com and follow us LinkedIn, twitter When Facebook.

*Acquisition of Chino Industrial Portfolio in Chino, CA represents 7% of total portfolio ownership (100%) as of August 17, 2022. Characteristics and holdings are based on the entire portfolio and are subject to change. at any time; they are provided for informational purposes only. This information is not a recommendation to buy or sell securities. There is no guarantee that any unrealized investments described herein will be profitable.

investment risk

The fund is recently formed and has limited track record. Investing in the Fund involves considerable risk. The Fund is designed primarily for long-term investors and an investment in the Fund should be considered illiquid. Shareholders may not be able to sell their shares in the Fund at all or at a favorable price. Fixed income securities are subject to interest rate, credit, inflation and reinvestment risks. As interest rates rise, the value of fixed income securities declines. High yield bonds are volatile, illiquid and subject to default. The Fund’s investments are highly concentrated in real estate investments and are therefore exposed to risks normally associated with real estate, including, but not limited to, local, state, national or international economic conditions. This includes market turmoil caused by regional concerns, political turmoil, sovereign debt crises, and other factors. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risk. The Fund and/or its subsidiaries employ leverage. This increases the volatility of investment returns and magnifies losses for the fund if the value of the underlying fund’s investment declines. The Fund may use derivatives such as options and futures, which are illiquid and may disproportionately increase losses, which can significantly affect the performance of the Fund.

Liquidity considerations

The Fund should be considered a long-term investment as it is inherently illiquid and suitable only for investors who are able to bear the risks associated with the Fund’s limited liquidity. Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers not exceeding his 5% of the Fund’s outstanding shares by net asset value. There is no guarantee that these buybacks will occur on time or not at all. The shares will not be listed on public exchanges and no secondary market is expected to develop.

Please carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. This and other information can be found in each prospectus or summary prospectus (if available). www.franklintempleton.com. Please read well.

All investments involve risks, including loss of principal. Past performance is no guarantee of future results.

Any information, statements or opinions expressed herein are of a general nature and are not directed at or based on the financial circumstances or needs of any particular investor and are not intended as investment advice, It does not constitute a prediction of future events and should not be construed as such, a guarantee of future results or a recommendation regarding a particular security or investment strategy or retirement account type. Investors seeking financial advice regarding the suitability of investing in securities or investment strategies should consult a financial professional.

INVESTMENT PRODUCT: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

©2022 Franklin Distributors, LLC, Member FINRA, SIPC. Franklin Distributors, LLC and Clarion Partners, LLC are all subsidiaries of Franklin Resources, Inc.

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