CPREIF: Income, Diversification and Access

Rates are historically low and traditional relationships between asset classes uncertain, yet commercial real estate offers the potential for attractive yields and portfolio diversification.   CPREIF (Clarion Partners Real Estate Income Fund) offers direct access to a portfolio of privately held commercial properties through an innovative investment fund driven by Clarion's deep real estate expertise.

A Smarter Approach to Real Estate Investing

CPREIF offers investors direct exposure to a high-quality portfolio of income-producing commercial real estate and real estate-related fixed income securities.

Features
CPREIF
Non-Traded REIT

Direct exposure to a real estate portfolio

Daily valuation¹

 

No incentive fee

 

No dual fee layers²

Limited leverage³

 

1940-Act registered fund⁴

 


Source: Clarion Partners. For illustrative purposes only. Not an exhaustive list.
1 A majority of non-traded REITs disseminate a monthly NAV.
2 No additional underlying manager fee.
3 The 1940 Act limits fund leverage to 33 1/3% of total assets. However, the Fund may enter into investment management techniques that have similar effects as leverage, but which are not subject to the 33 1/3% limitation. Please see the prospectus for more information.
4 Registered under the Investment Company Act of 1940.

Simplicity

Innovative, easy-to-use solution designed
with the investor in mind.

Attractive Pricing

Competitive fee structure with 1.25% management fee and no incentive fee. 

Access

Direct investment in a commercial
real estate portfolio and broad access
to Clarion's instutional platform.

See Fund Performance and More
 

  • Performance

    Daily valuation, performance snapshot and historical NAV

  • Distributions

    Latest monthly distribution rates paid to shareholders

  • Management

    Details about Clarion Partners and CPREIF’s managers

“The real estate investment landscape is becoming increasingly dynamic based on changes in the way people live, work and play. By focusing on the big picture, Clarion Partners is able to identify potential that others may overlook and seize opportunities that others can’t always see.”

- David Gilbert, Chief Executive Officer and Chief Investment Officer, Clarion Partners

Investment Risks:

The Fund is newly organized, with a limited history of operations. An investment in the Fund involves a considerable amount of 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 involve interest rate, credit, inflation and reinvestment risks. As interest rates rise, the values of fixed income securities fall. High-yield bonds possess greater price volatility, illiquidity and possibility of default. 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 local, state, national or international economic conditions; including market disruptions caused by regional concerns, political upheaval, sovereign debt crises and other factors. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. The Fund employs leverage, which increases the volatility of investment returns and subjects the Fund to magnified losses if an underlying fund’s investments decline in value. The Fund may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance.

BEFORE INVESTING, CAREFULLY CONSIDER A FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. YOU CAN FIND THIS AND OTHER INFORMATION IN EACH PROSPECTUS, AND  SUMMARY PROSPECTUS, IF AVAILABLE, AT WWW.LEGGMASONFUNDS.COM. PLEASE READ THE PROSPECTUS CAREFULLY.