clarion partners lion industrial trust

Prior to Bluerock, Dr. Anderson was a founding partner of Franklin Square Capital Partners, the firm that pioneered the non-traded Business Development Company. TIAA-CREF lends $175m to Clarion Fund - Real Estate Capital Europe A negative correlation of -1 indicates that the securities have moved in the opposite direction. We believe that our audits provide a reasonable basis for our opinion. The firm last filed a Form D notice of exempt offering of securities on 2022-12-30. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. Find company research, competitor information, contact details & financial data for Banco Industrial of Plainfield, NJ. The Trustees reviewed the balance sheet of CenterSquare and discussed the financial stability and profitability of the firm. The following is a summary of significant accounting policies followed by the Fund in preparation of its financial statements. The Trustees noted the Funds success in gathering assets and that its assets under management as of May 31, 2016 exceeded all but one Fund in its peer group. TIAA-CREF has provided a $175m fixed-rate loan to Clarion Partners' Lion Industrial Trust Fund. The fund seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets. Created and designed to be the ideal specialized all-electric truck. As a result, the Adviser may cast different votes on behalf of different Clients. The S&P 500 is an index based on market cap of the 500 largest companies having stock listed on the NYSE or NASDAQ. Situations may arise in which more than one Client invests in the same Underlying Fund. GRIFFIN INSTITUTIONAL ACCESS REAL ESTATE FUND. The Barclays Capital U.S. Pursuant to Section 852 of the Internal Revenue Code, the taxability of distributions will be reported on Form 1099-DIV for 2016. If the correlation is 0, the movements of the securities are said to have no correlation; they are completely random. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Intermodal Logistics Center | Taylor & Mathis All rights reserved. The Distributor is an affiliate of the Administrator and the Transfer Agent. Find nearby businesses, restaurants and hotels. Additionally, the chairperson of the Audit Committee shall be entitled to an additional retainer of $10,000 per year. The pension fund has slated $85 million of funds each for Carlyle Property Investors Fund, managed by Carlyle Group; Clarion Lion Industrial Trust, managed by Clarion Partners; and Principal Enhanced Property Fund, managed by Principal Global Investors. Kleiner, Perkins . Additionally, Dr. Anderson serves as the Chief Economist of Griffin Capital Corporation, a position he has held since joining Griffin Capital Corporation in 2014. By investing in the Fund, a shareholder will not be deemed to be an investor in any underlying fund and will not have the ability to exercise any rights attributable to an investor in any such underlying fund related to their investment. In recent years, numerous other pension fund investors have committed to the fund, including the Michigan Office of Retirement Services, the Oklahoma Municipal Retirement Fund, the Teachers' Retirement System of Louisiana, the San Jose Police and Fire Department Retirement Plan, and the San Jose Police and Fire Retiree Health Care Trust Fund. Aggregate Bond Index is a market value-weighted index of investment grade fixed-rated debt issues, including government, corporate, asset-backed and mortgage-backed securities with a maturity of one year or more. By clicking on I accept, you consent to our Privacy Policy. The Trustees noted that the Fund commenced operations on June 30, 2014, and continued to gather assets. Borrowings under the Credit Suisse arrangement bear interest at the 3 month LIBOR plus 250 basis points at the time of borrowing. GS Infrastructure Partners (GSIP- Goldman Sachs) Good. As of September 30, 2016, the Fund had $1,066,237,965 of the private and public securities pledged as collateral for its lines of credit. The Trustees also considered potential benefits for AHIC in managing the Fund, including promotion of AHIC name, the ability for AHIC to place small accounts into the Fund, and the potential for AHIC to generate soft dollars from Fund trades that may benefit AHICs other clients. Fully integrated OEM electric trucks (chassis, cabin & batteries) PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Management has reviewed the tax positions and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken in the Funds 2014 and2015 returns or expected to be taken in the Funds 2016 returns. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. /aboutus/PublishingImages/about-clarion-hero-mobile.jpg, /aboutus/PublishingImages/InterstateLogistics_Image.jpg. The graph shown above represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Shareholder servicing fees payable (Note 3), Lines of credit interest payable (Note 6), Investment advisory fees payable (Note 3), Accumulated net realized gain on investments, Net unrealized appreciation on investments, Net asset value, and redemption price per share, Shares of beneficial interest outstanding (unlimited number of shares, no par value common stock authorized), Maximum offering price per share ((NAV/0.9425), based on maximum sales charge of 5.75% of the offering price), Net asset value, offering and redemption price per share. This material does not constitute investment advice, nor does it constitute an offer in any product or strategy offered by Clarion Partners LLC or Clarion Partners Europe, and should not be viewed as a current or past recommendation to buy or sell any securities. Because most, if not all, of the Underlying Funds are privately placed, they generally do not issue proxies. U.S. The Fund elects to defer to the period ending September 30, 2017, late year ordinary losses in the amount of $9,522,584. Index performance does not represent actual Fund or portfolio performance. Clarion Lion Industrial Trust (the "Fund") is a private REIT focused on the industrial property sector in North America. The Trustees reviewed the balance sheet of the Adviser and discussed the financial stability and profitability of the firm. There were no significant changes in the registrants internal control over financial reporting that occurred during the registrants last fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. Adjusted for contingent deferred sales charge of 1.00%. Following further consideration and discussion of the foregoing, the Board concluded that the fees to be paid to AHIC by the Fund were fair and reasonable in relation to the nature and quality of the services provided by AHIC and that they reflected charges that were within a range of what could have been negotiated at arms length. If the Funds NAV has increased, the Fund will have economically earned more than it has distributed, regardless of whether such distributions are reported as being from net investment income, net realized gains on investments or return of capital. Clients can select from a broad range of debt and equity investment options to build their real estate portfolios, including diversified core portfolios, sector-specific accounts, core, core-plus and value-add products as . We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. 3. The Lion Industrial Trust seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets. Sign-up The Distributor acts as the Funds principal underwriter in a continuous public offering of the Funds shares. Clarion Partners Location New York, New York, United States Regions Greater New York Area, East Coast, Northeastern US Gender Male Website www.clarionpartners.com/ Jim Hendricks, equity owner and Managing Director, is the Chief Executive Officer for the Firm's largest industrial portfolio and head of Clarion Partners' Industrial Property Group. The Lion Industrial Trust had a net asset value of $14.4bn last year. The Fund is considered an investment company for financial reporting purposes under GAAP. The Fund's Class A shares commenced operations on June 30, 2014. Clarion Lion Industrial Trust is a real estate core fund managed by Clarion Partners. The Adviser supervises the investments of the Fund pursuant to an Investment Advisory Agreement. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Trust ORGANISATIONAL UPDATES On July 31, 2020, Franklin Resources, Inc. acquired Legg Mason, Inc. and its specialist investment managers for $6.5 . The Trustees then compared the fees and expenses of the Fund (including the management fee) to other funds comparable in terms of the type of fund, the nature of its investment strategy, and its style of investment management, among other factors. Clarion Lion Industrial Trust General Information. Form D is a form used to file a notice of an exempt offering of securities with the Securities and Exchange Commission. Portfolio Allocation Gross Asset Value ($B) Properties 4.8% AEW Core Property Trust $ 9.5 189 4.9% American Core Realty Fund 6.9 68 The inputs or methodologies used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities. Clarion Partners | Global Real Estate Asset Management The Funds private holdings include: Formerly known as the Cornerstone Patriot Fund. Unrated. The Fund has been successful in delivering on its stated objective, delivering returns comprised of income and appreciation with moderate volatility and low correlation to the broad markets. The tax character of distributions paid for the years ended September 30, 2016 and September 30, 2015 were as follows: As of September 30, 2016 the components of accumulated earnings/(deficit) on a tax basis were as follows: Other cumulative effect of timing differences. All Rights Reserved. Item 3. In general, the Adviser does not receive proxies to be voted due to the nature of its investments on behalf of Clients; this policy is intended to comply with Rule 206(4)-6 in the infrequent instance that the Adviser receives a proxy, or other action requiring a vote, from an Underlying Fund. The MSCI US REIT Index (RMZ) is an equity REIT index that serves as a proxy for publicly traded real estate. The Trustees determined that the management fee and net expense ratiowere higher than some, but not all, of the comparable funds and the peer group averages. We are not responsible for the content, views, or privacy policies of the third party website. The following is a summary of the inputs used in valuing the Funds investments as of September 30, 2016: Level 2 - Other Significant Observable Inputs, Private Investment Funds (Measured at net asset value). Clarion Lion Properties Fund Profile: Returns & Limited Partners Spencer Propper Mr. Propper serves as Vice President of Griffin Capital Advisor, LLC and Associate Portfolio Manager of Griffin Institutional Access Real Estate Fund. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliates Purchasers. Accumulated Net Realized Gain on Investments. To read this full article you need to be subscribed to Newsline. Griffin Capital Securities, Inc. does not accept any liability for losses either direct or consequential caused by the use of this information. New York Common injects $370m into industrial real estate The agreement can be extended at the discretion of the Adviser and the Trustees. The Portfolio Manager may take into account information provided by the Underlying Funds personnel regarding the nature of the proxy. SWFI is a minority-owned organization. Global Wealth Conferences - SWFI Event Series. An investment level within the fair value hierarchy is based on the lowest level input, individually or in the aggregate, that is significant to fair value measurement. Sign up to receive emails from IREI. Real estate money manager Clarion Partners has agreed to buy Crow Holdings Industrial Trust, a private REIT, for $1.5 billion. At a meeting of the Funds Board of Trustees on June 21, 2016, the Trustees approved the continuation of the Investment Sub-Advisory Agreement for a one-year term. James Hendricks - Managing Director @ Clarion Partners - CrunchBase Randy I. Anderson Ph.D. CRE Dr. Anderson serves as Chief Investment Officer of our advisor and Portfolio Manager of Griffin Institutional Access Real Estate Fund. Youll receive updates on upcoming events, special We have strategically shifted the portfolio composition in favor of managers whom we believe are best poised to deliver outsized growth of key operating metrics. Lion Industrial Trust Profile Use of this site is subject to, and your continued use constitutes your express agreement to be bound by, the Terms of Use and Privacy Statement. The returns shown above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or redemption of Fund shares. Dr. Anderson received his bachelors degree in Finance from North Central College in 1991 as a Presidential Scholar and holds a Ph.D. in Finance as a Presidential Fellow from the University of Alabama, where he graduated with highest distinction in 1996. The performance data quoted above represents past performance. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period. The Trustees also considered the portfolio turnover rate for the Fund; the process by which evaluations are made of the overall reasonableness of commissions paid; the method and basis for selecting and evaluating the broker-dealers used; any allocation of portfolio business to persons affiliated with the Adviser; and the extent to which the Fund allocates portfolio business to broker-dealers who provide research, statistical, or other services (soft dollars). The Barclays U.S. Financial Analyst - Clarion Partners, Lion Industrial Trust Finance Analyst - Citigroup Education MBA, Real Estate and Finance Concentrations, The Wharton School, University of Pennsylvania BBA, Major in Finance, University of Texas at Austin A positive correlation of 1 implies that as one security moves, either up or down, the other security will move in lockstep, in the same direction. PDF Office of the State Treasurer Summary of Responses to Request for - ct There can be no assurance that the Fund could purchase or sell a portfolio security at the price used to calculate the Funds Net Asset Value (NAV). In considering the extent to which economies of scale would be realized as the Fund grows and whether the advisory fee levels reflect these economies of scale for benefit of the Funds investors, the Trustees considered that the Funds fee arrangements with CenterSquare and noted that the sub-advisory fees contained break points, which caused the Adviser to pay CenterSquare lower fees at lower asset levels. Learn about Clarion Europe Careers at Clarion Given the amount of volatility and uncertainty surrounding the U.S. election, the United Kingdoms decision to leave the European Union (commonly referred to as Brexit) and U.S. Federal Reserve (Fed) policy this past year, we have remained overweight to private securities relative our long-term target allocation. The Adviser will provide conspicuously displayed information in its Disclosure Document summarizing this proxy voting policy and procedures, including a statement that the Clients and Investors may request information regarding how the Adviser voted a Clients Proxies, and that the Clients and Investors may request a copy of these policies and procedures. The fund seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets. Official MapQuest website, find driving directions, maps, live traffic updates and road conditions. $46,993 of additional Organizational Expenses were recorded subsequent to the May 21, 2014 Seed Audit Financial Statements. It also brings the total number of private real estate holdings to 17. The Expense Limitation Agreement will remain in effect at least until January 31, 2017, unless and until the Board approves its modification or termination. * Additional Information on Investments in Private Investment Funds: Written notice required for redemption, no minimum timeline required. Currently, no secondary market exists for the Funds shares, and the Fund expects that no secondary market will develop. Our research focus is local and global, property-specific and big picture, next year and next decade. The memorandum provided information about the Advisers finances, personnel, services to the Fund, investment advice, fees, and compliance program. Privacy and security policies of such site may differ from those practiced by Clarion Partners. Trademark Application Details. O: 678-819-2460 C: 404-966-2400 wwellford@taylormathis.com. Constructed between 2001 and 2005, the portfolio [] Clarion Partners offers investment options in both commingled fund and separate account formats for institutional investors. Following further consideration and discussion, the Board indicated that CenterSquares standards and practices relating to the identification and mitigation of potential conflicts of interests were satisfactory. (Certification provided in Exhibit A.) Over the past twelve months and through careful portfolio composition, we reduced our exposure to the multi-family sector by 603 basis points and increased our office exposure by 482 basis points. Sign up to receive emails from IREI. Previously, Dr. Anderson held several senior executive positions at Bluerock Real Estate LLC., including founding partner of the Bluerock Total Income + Real Estate Fund where he was the portfolio manager. Recognition of net investment income is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests. Sign up here. In considering the extent to which economies of scale would be realized as the Fund grows and whether advisory fee levels reflect those economies of scale for the benefit of the Funds investors, the Trustees considered that the Funds fee arrangements with the Adviser involved both the management fee and an Expense LimitationAgreement. Win whats next. Get the full list, Morningstar Institutional Equity Research. Demand continues to outstrip supply, which has helped keep vacancy rates below their long-term averages and prompt favorable conditions for landlords to increase rents for most asset types. San Jose Police and Fire funds back the Clarion Lion Industrial Trust
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