Clarion Partners Real Estate Income Fund Inc. (CPREIF) Closes on Three Strategically Important Acquisitions

SAN MATEO, Calif.–(BUSINESS WIRE)–Oct 7, 2021–

Clarion Partners Real Estate Income Fund Inc. (CPREIF) has strategically expanded its property portfolio with three diversifying acquisitions: a multifamily property in Charlotte, N.C.; an industrial property in North Las Vegas, NV; and a multi-use property in a high-traffic area of downtown Austin, TX. Clarion Partners, LLC (“Clarion Partners”), a leading U.S. real estate investment manager, is one of Franklin Templeton’s specialist investment managers.

The three properties, all ideally situated within their growing markets, include:

Anker Haus (Charlotte, N.C.)

A 49-unit, build-for-rent townhome community located in the heart of the city’s Plaza Midwood neighborhood, less than four miles east of downtown. Resilient net migration, high barriers to new supply and strong employment growth have positioned East Charlotte as a high-growth sub-market. The project was designed as a “pocket neighborhood,” modeled after a European village. Its units feature modern finishes, with common amenities including a pool with adjoining cabana, fitness center, grilling area and dog park.

Congress Commons (Austin, TX)

A mixed-use asset that is 100% leased to Accenture, one medical tenant and three service-oriented retail tenants located along downtown Austin’s iconic Congress Avenue. The building’s interior features high-end, Class A finishes, and the location provides tenants excellent walkability to dining, entertainment and retail options. Click to read more at