clarion partners lion industrial trust

To the Board of Trustees and the Shareholders of. The firm last filed a Form D notice of exempt offering of securities on 2022-12-30. The Fund's Class A shares commenced operations on June 30, 2014. No assurances can be given that the Fund will pay a dividend in the future; or, if any such dividend is paid, the amount or rate of the dividend. Trustees Consideration and Approval of continuation of Sub-Advisory Agreement with CenterSquare. Find nearby businesses, restaurants and hotels. The notice included securities offered of Equity,Pooled Investment Fund Interests. 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 Adviser may determine not to vote a Proxy if doing so would not be in a Clients best interest, such as when the Adviser determines that the cost of voting the Proxy exceeds the expected benefit to the Client. Description. For the year ended September 30, 2016, the Distributor received $1,550,339 in underwriting commissions for sales of the Funds Class A shares, of which $0 was retained by the principal underwriter or other affiliated broker-dealers. Clarion Partners | Global Real Estate Asset Management 2008-2023 Sovereign Wealth Fund Institute. Glossary, videos, podcasts, research in the Resource Center. The Adviser does not vote proxies regarding securities held by Underlying Funds but rather, may vote on issues regarding the Underlying Funds. The Adviser and the Fund have entered into an expense limitation and reimbursement agreement (the Expense LimitationAgreement) under which the Adviser has agreed contractually to waive its fees and to pay or absorb the ordinary annual operating expenses of the Fund (including organizational and offering expenses, but excluding taxes, interest, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) at least until January 31, 2017, so that the total annual operating expenses of the Fund do not exceed 1.91% per annum of Class A average daily net assets, 2.66% per annum of Class C average daily assets and 1.66% per annum of Class I average daily assets (the Expense Limitations). PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. ORGANISATIONAL UPDATES On July 31, 2020, Franklin Resources, Inc. acquired Legg Mason, Inc. and its specialist investment managers for $6.5 . Correlation is a statistical measure of how two securities move in relation to each other. Dry powder refers to cash reserves for purchasing assets or making acquisitions. As of September 30, 2016, the Fund had $65,000,000 of outstanding borrowings relating to BNP. The Funds Form N-Q may also be reviewed and copied at the SECs Public Reference Room in Washington, D.C., and information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. Partners is more than a word in our name. Actual results could differ from those estimates. Additionally, the chairperson of the Audit Committee shall be entitled to an additional retainer of $10,000 per year. Clarion to acquire Crow Holdings for $1.5 billion The audit committees pre-approval policies and procedures require that all services to be performed by the registrants principal accountant must be pre-approved by the registrants audit committee. The charts represent the diversification by sector and geography of the private fund holdings as of 10/3/16. 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. Based on an evaluation of the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the 1940 Act), the registrants principal executive officer and principal financial officer have concluded that the registrants disclosure controls and procedures are effective as of a date within 90 days of the filing date of this report. Effective February 1, 2016 each Trustee who is not affiliated with the Fund or the Adviser received a quarterly fee of $5,000, as well as reimbursement for any reasonable expenses incurred attending the meetings, and $500 per each special telephonic meeting. publication offers and more. Item 7. Item 5. Total returns are for the period indicated and have not been annualized and do not reflect the impact of sales charges. In response to any request from a Client or an Investor, the CCO will prepare a written response with the information requested. Clarion Lion Industrial Trust is a real estate core fund managed by Clarion Partners. Schiff Hardin LLP was paid $67,130 in connection with legal services. /aboutus/PublishingImages/about-clarion-hero-mobile.jpg, /aboutus/PublishingImages/InterstateLogistics_Image.jpg. The Trustees reviewed the balance sheet of the Adviser and discussed the financial stability and profitability of the firm. The NFI-ODCE Index is capitalization-weighted and is reported gross of fees. Clarion Lion Industrial Trust is an open-end vehicle, managed by Clarion Partners. Clarion Lion Industrial Trust (the "Fund") is a private REIT focused on the industrial property sector in North America. Additionally, at the Lakemont Group, Mr. Propper was responsible for overseeing projects for a variety of clients including pension funds, private equity firms and publicly traded real estate companies and specialized in structured finance, market analysis and strategic due diligence. Lion Properties Fund, Lion Industrial Trust, and Gables Multifamily Trust. Alameda County Employees slates $35m for Clarion Partners Lion Dr. Anderson also served as the Chief Economist and a Division President for CNL Real Estate Advisors, as the Chief Economist and Director of Research for the Marcus and Millichap Company where he served on the Investment Committee, and as Vice President of Research at Prudential Real Estate Advisors. Very Good. The fund seeks to own, develop, manage and strategically sell industrial warehouse properties and land in 25 U.S. markets. 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. In considering CenterSquares practices regarding brokerage and portfolio transactions, the Trustees reviewed CenterSquare standards, and performance in utilizing those standards, for seeking best execution for Fund portfolio transactions. Find company research, competitor information, contact details & financial data for Banco Industrial of Plainfield, NJ. The Distributor is an affiliate of the Administrator and the Transfer Agent. Class C and Class I shares are offered at net asset value. Dr. Anderson also served as the Howard Phillips Eminent Scholar Chair and Professor of Real Estate at the University of Central Florida where he directed the research and education institute. 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 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. Clarion Lion Industrial Trust is an open-end vehicle, managed by Clarion Partners. GS Infrastructure Partners (GSIP- Goldman Sachs) Good. Certifications required by Item 12(a)(2) of Form N-CSR are filed herewith as Exhibit 99.CERT. The CCO shall retain the following proxy records in accordance with the Advisers Recordkeeping Policy: These policies and procedures and any amendments; Each Proxy statement that the Adviser receives; A record of each vote that the Adviser casts; Any document the Adviser created that was material to making a decision how to vote Proxies, or that memorializes that decision; A copy of each written request from a Client or Investor for information on how the Adviser voted such Clients Proxies, and a copy of any written response. 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 Learn about our approachView our case studies, Read about our approach to asset management. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. After reviewing AHICs and the Funds performance, and other factors, the Board concluded that the investment performance of AHIC was satisfactory. In those instances, a portfolio manager may have an incentive to not favor the Fund over the Client Accounts. The largest outstanding borrowing during the year ended September 30, 2016 relating to Credit Suisse was $149,500,000. All rights reserved. The Trustees noted that, while the management fee remains the same at all asset levels, the Funds shareholders continue to benefit from the Funds expense limitation arrangement until the Funds assets grew to a level where the Funds expenses fell below the cap set by the arrangement and the Adviser begins receiving its full fee.

Kansas Laws On Drug Testing Newborns, Blind Wave Shane Resignation, Does Lake Eufaula Oklahoma Have Alligators, Huckleberry Pie Strain, Milou Name Pronunciation, Articles C