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Managed Fund Since 2019
Alternatives
CPREX Clarion Partners Real Estate Income Fund Inc.
- Access: Direct exposure in a commercial real estate portfolio.
- Simplicity: Innovative, easy-to-use solution designed with the investor in mind.
- Transparency: Daily valuation* and no incentive fee.
Popular Documents
Portfolio Occupancy
94.80%
As of 05/31/2026
Annualized Return Since Inception
8.16
As of 05/31/2026
* While the Fund is valued on a daily basis, redemptions are only offered quarterly and there is no guarantee that a shareholder will be able to sell all of their shares in the Fund that the shareholder desires to sell or at a favorable price.
Overview
Fund Facts
Fund description
Clarion Partners Real Estate Income Fund focuses on providing individual investors with direct exposure to a high-quality portfolio of income-producing private real estate and real estate related securities—leveraging Clarion's deep expertise in the field.
- Fund Inception Date
- 09/27/2019
- Total Assets
As of 05/31/2026 (Updated Monthly) - $1.69 Billion
- Total Net Assets
As of 05/31/2026 (Updated Monthly) - $1.40 Billion
- NAV
As of 06/29/2026 (Updated Daily) - $11.37
- Number of Investments
As of 05/31/2026 (Updated Monthly) - 45
- Leverage Ratio
As of 05/31/2026 (Updated Monthly) - 5.59%
Sales Charges, Expenses & Fees
- Max Sales Load
- N/A
- Dealer Manager Fee
- N/A
- Distribution/Servicing Fees
- N/A
- Performance Fee
- —
- Advisory Fee
- 1.25%
- Other Expenses Net of Waived Fees
- 0.53%
Identifiers
- Fund Number
- 7183
- Ticker
- CPREX
- CUSIP Code
- 180567406
Average Annual Total Returns As of 05/31/2026
Class I
- 5.15%1 Year
- 4.37%3 Years
- 8.13%5 Years
- —10 Years
- 8.16%Since Inception
09/27/2019
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Different minimums may apply to clients of certain service agents. See the Fund's prospectus for additional information.
Top Sectors
As of 05/31/2026 % of Gross Real Estate (Updated Monthly)
Industrial38.74% | |
Residential29.66% | |
Health Care22.46% | |
Mixed-Use3.65% | |
Office3.57% |
Additional Fund Info
- Share Class Inception Date
- 09/27/2019
- Lipper Classification
- Real Estate Funds
- Morningstar Category
3 - Direct Real Estate
- NAV Frequency
- Daily
Learn More about Clarion Partners Real Estate Income Fund
Access Now
Why private real estate
Learn MoreManager and Commentary
About the Team
Clarion Partners is one of the largest pure-play real estate investment managers offering a broad range of real estate strategies across the risk-return spectrum.
Commentary Highlights
March 31, 2026Access the latest commentary, performance review and market outlook in one place.
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Managed Fund Since 2019
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Managed Fund Since 2019
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Managed Fund Since 2024
Latest Clarion Partners Insights
December 8, 2025
November 26, 2025
Post-Fund Content Component
High conviction sectors
Multifamily housing sector
Anker Haus
The case for industrial warehouse
Performance & Distributions
Average Annual Total Returns
As of 05/31/2026
Selected Month May 2026
Class I - With Sales Charge (POP) (%)
Month End
As of 05/31/2026
Class I - Without Sales Charge (NAV) (%)
Month End
As of 05/31/2026
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Different minimums may apply to clients of certain service agents. See the Fund's prospectus for additional information.
Portfolio
Assets
As of05/31/2026 (Updated Monthly)
- Total Assets
- $1.69 Billion
- Total Net Assets
- $1.40 Billion
Positions
As of 05/31/2026 (Updated Monthly)
Number of Investments
- Fund
- 45
Portfolio Statistics
As of 05/31/2026 (Updated Monthly)
Portfolio Occupancy
- Fund
- 94.80%
- Fund
- 16.92%
- Fund
- 5.59%
Asset Allocation
As of 05/31/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Private Real Estate Equity | 59.99% |
Private Real Estate Debt | 23.06% |
Publicly-Traded Real Estate Securities | 16.96% |
Documents
Fund Literature
Factsheet - Clarion Partners Real Estate Income Fund
Product Commentary - Clarion Partners Real Estate Income Fund
Clarion Calls: 2026 Insights - Positioning for What's Ahead
Clarion Calls: A new chapter for US private real estate
Clarion Calls: Beyond the Ticker - Private vs. Public REITs
Flyer - Clarion Calls: Anchor Your Assets with Private Real Estate
Flyer - Clarion Calls: Healthcare: Long-term Themes Drive Strong Demand
Flyer - Clarion Calls: Housing: Durable Demand Driving Performance
Flyer - Clarion Calls: Industrial Outdoor Storage Provides Opportunity for Investors
Flyer - Clarion Calls: Private Real Estate Appears Undervalued
Flyer - Clarion Calls: Private Real Estate Dashboard
Flyer - Clarion Calls: Senior housing positioned for long term growth
Flyer - Clarion Calls: Signals point to a new private real estate cycle
Flyer - Clarion Calls: The Case for Industrial Real Estate
Flyer - Clarion Calls: Why Invest in Private Real Estate Now
Flyer - Clarion Partners Real Estate Income Fund - Estimated Tender Offer Schedule
Flyer - Clarion Partners Real Estate Income Fund - Final Return of Capital
Flyer - CPREX Six years of positive performance
Flyer - CPREX: A resilient approach to private real estate
Pitchbook - Clarion Partners Real Estate Income Fund
Snapshot - Clarion Partners Real Estate Income Fund
Brochure - Clarion Partners Real Estate Income Fund Holdings Profile
Investor Guide - Opening the Doors to Private Real Estate
Regulatory Documents
Annual Report - Clarion Partners Real Estate Income Fund
Semi-Annual Report - Clarion Partners Real Estate Income Fund
Prospectus - Clarion Partners Real Estate Income Fund
Statement of Additional Information - Clarion Partners Real Estate Income Fund
Fiscal Q1 Holdings - Clarion Partners Real Estate Income Fund
Fiscal Q3 Holdings - Clarion Partners Real Estate Income Fund
Clarion Partners Real Estate Income Fund Inc.
Ameriprise Letter
Clarion Partners Real Estate Income Fund Inc. Quarterly Repurchase Offer
Policy and Procedures - Audit Committee Charter
Policy and Procedures - Compensation Committee Charter
Policy and Procedures - Nominating Committee Charter February 2024
Risks
Investment Risks:
Past performance is no guarantee of future results. All investments involve risk, including loss of principal. Diversification does not ensure against loss. An investment should be considered long-term within a multi-asset portfolio and should not be viewed individually as a complete investment program. The Fund is subject to a high degree of risk; additional risk considerations are listed below:
Liquidity Risks:
Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for at least 5% of the Fund’s shares outstanding at net asset value. Although the Fund will conduct quarterly repurchase offers, there is no guarantee that a shareholder will be able to sell all of their shares in the Fund that the shareholder desires to sell or at a favorable price.
Real Estate Investment Risks:
The Fund’s investments are highly concentrated in real estate investments, and therefore will be subject to the risks typically associated with real estate, including but not limited to fluctuations in lease occupancy rates and operating expenses, variations in rental schedules, which in turn may be adversely affected by local, state, national or international economic conditions. Such conditions may be impacted by the supply and demand for real estate properties, zoning laws, rent control laws, real property taxes, the availability and costs of financing, and environmental laws.
Furthermore, investments in real estate are also impacted by market disruptions caused by regional concerns, political upheaval, sovereign debt crises, and uninsured losses (generally from catastrophic events such as earthquakes, floods and wars). Investments in real estate related securities, such as asset-backed or mortgage-backed securities are subject to prepayment and extension risks.
Private Market Investments Risks:
An investment in the Fund is suitable only for investors who can bear the risks associated with private market investments (such as private credit and private equity) with potential limited liquidity. Shares will not be listed on a public exchange, and no secondary market is expected to develop.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.