clarion partners lion industrial trust

CenterSquare Investment Management has been managing real estate securities portfolios since 1995 across multiple strategies and market cycles. Core Partners ("CBRE Core Fund") is an open-end core fund that purchases and operates high-quality, income-producing office, industrial, . Transparency, integrity,communication -- its how we do business. The firm last filed a Form D notice of exempt offering of securities on 2022-12-30. Errors are noted below: Thanks for reaching out. 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. Official MapQuest website, find driving directions, maps, live traffic updates and road conditions. Investment Strategy Geography; Real Estate; USA; . Kleiner, Perkins . Company profile page for Lion Industrial Trust including stock price, company news, press releases, executives, board members, and contact information As of the current SAI, Dr. Anderson and Mr. Propper owned no Fund shares. The result of those repurchase offers were as follows: Subsequent events after the date of the Statement of Assets and Liabilities have been evaluated through the date the financial statements were issued. By clicking on I accept, you consent to our Privacy Policy. Total returns are for the period indicated and have not been annualized and do not reflect the impact of sales charges. The Trustees also reviewed a memorandum from the Funds legal counsel that summarized the fiduciary duties and responsibilities of the Board of Trustees in reviewing and approving the Investment Advisory Agreement, including the types of information and factors that should be considered in order to make an informed decision. These inputs are categorized in the following hierarchy under applicable financial accounting standards: Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date; Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability at the measurement date; and. We believe Clarion's partnership culture, compensation system, and entrepreneurial spirit clearly differentiate us from our competition. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. The Fund has entered into a Distribution Agreement with ALPS Distributors, Inc. (the Distributor) to provide distribution services to the Fund. The Distributor serves as principal underwriter of shares of the Fund. At September 30, 2016, outstanding collateral amounted to $1,066,237,965. Fair valuation procedures may be used to value a substantial portion of the assets of the Fund. 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. Clarion Lion Industrial Trust is a real estate core fund managed by Clarion Partners. Application Filed: 2011-10-07. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. The Fund is considered an investment company for financial reporting purposes under GAAP. Adjusted for initial maximum sales charge of 5.75%. The Trustees noted that the Fund commenced operations on June 30, 2014, and continued to gather assets. In considering the investment performance of the Fund and CenterSquare, the Trustees discussed the performance of the public investments portion of the Fund. For the registrants last two fiscal year ended September 30, 2015 and September 30, 2016, the aggregate non-audit fees for services rendered to the registrant, the registrants investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant were $3,000 and $3,000, respectively. After further review and discussion, the Board determined that AHICs practices regarding brokerage and portfolio transactions were satisfactory. The returns shown above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or redemption of Fund shares. 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. There were no transfers between Levels 1, 2 and 3 during the year ended September 30, 2016. Sign up here. Walker Wellford. Sugar Hill Distribution Center. During the year ended September 30, 2016, the Fund incurred $435,329 of interest expense related to the BNP borrowings. Following further consideration and discussion, the Board indicated that the Advisers standards and practices relating to the identification and mitigation of potential conflicts of interests were satisfactory. Absent material conflicts, the President of the Adviser, in consultation with the Investment Committee, will determine how the Adviser should vote the Proxy in accordance with applicable voting guidelines (see below), taking into account the recommendation of the Portfolio Manager. All requests for information regarding proxy votes, or policies and procedures, received by any Adviser employee, officer, or director should be forwarded to the CCO. The fund is located in New York, New York and invests in the United States. Shareholders should not assume that the source of a distribution from the Fund is net profit. Aggregate Bond Index in each of the since inception, trailing one year, and year to date through May 31, 2016 periods. The voting rights of the Clients, as holders of interests in Underlying Funds, are generally contract rights set out in the organizational documents (e.g., the limited partnership agreement, limited liability company agreement, memorandum and articles of association of the Underlying Funds). Property Flyers. Management has determined that there were no other subsequent events to report through the issuance of these financial statements. CONTACT. The notice included securities offered of Equity,Pooled Investment Fund Interests Summary 13D/G Insider (Form 4) Form D 14 Elevate your investments Try it for free ACERA said the second $50m commitment was made to Lion Industrial Trust, a core-plus industrial fund managed by Clarion Partners. 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. Class A and Class I shares are not currently subject to a Distribution Fee. 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. Prior to Bluerock, Dr. Anderson was a founding partner of Franklin Square Capital Partners, the firm that pioneered the non-traded Business Development Company. 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. The views and information discussed in this commentary are as of the date of publication, are subject to change, and may not reflect the writers current views. 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. Under the terms of the sub-advisory agreements, the Adviser compensates the Sub-Advisers based on a portion of the Funds average daily net assets which they had been allocated to manage. The NFI-ODCE Index is capitalization-weighted and is reported gross of fees. Aon Hewitt Investment Consulting, Inc. (AHIC) provides advisory services to the Fund by recommending private investment securities in which to invest to the Adviser pursuant to an Investment Sub-Advisory Agreement. The Clients are permitted to place reasonable restrictions on the Advisers voting authority; Non-discretionary Clients may elect to retain full discretion regarding Proxies. 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. Average borrowings and the average interest rate for the days the Credit Suisse line of credit was outstanding during the year ended September 30, 2016 were $41,831,967 and 3.17%, respectively. HgCapital Renewable Power Partners. A large standard deviation implies that there have been large swings in the return series of the manager. Griffin Capital Advisor, LLC (the Adviser), as a matter of policy and as a fiduciary to the Clients, has responsibility for voting proxies for securities consistent with the best interests of Clients. A negative correlation of -1 indicates that the securities have moved in the opposite direction. It should not be assumed that any investment, in any property or other asset, was or will be profitable. Photos used in this website were selected based on visual appearance, are used for illustrative purposes only, and are not necessarily reflective of all the investments in a Clarion fund or portfolio or the investments a Clarion fund or portfolio will make in the future. A Fund can have distributions from net investment income and realized capital gains in years in which it incurs an economic loss due to unrealized losses not being recognized for tax purposes. We provide the hands-on service thatwe believe investorsneed to achieve their goals and move forward with confidence. Acording to a recently released investment document, the San Jose Police and Fire Department Retirement Plan committed $18.5 million to the investment vehicle, and the San Jose Police and Fire Retiree Health Care Trust Fund committed $1.7 million. Significant unobservable prices or inputs (including the Funds own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date. As of September 30, 2016, the Fund had $65,000,000 of outstanding borrowings relating to BNP. Clarion Partners, LLC : Group Fund Manager: Clarion Partners, LLC . Index performance does not represent actual Fund or portfolio performance. The Fund has entered into secured bank lines of credit through BNP Paribas Prime Brokerage International, Ltd. (BNP) and Credit Suisse (Credit Suisse) (collectively the Banks) for the purpose of investment purchases subject to the limitations of the 1940 Act for borrowings. 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. Glossary, videos, podcasts, research in the Resource Center. Created and designed to be the ideal specialized all-electric truck. For a description of a possible sales charge, please see (Note 1). Following further discussion of the Funds current and projected asset levels, expectations for growth, and levels of fees, theBoard determined that the Funds fee arrangements were fair and reasonable in relation to the nature and quality of the services provided by AHIC. After reviewing the foregoing information and further information in the memorandum from CenterSquare (e.g., CenterSquares Form ADV and descriptions of the Advisors business and compliance program), the Board concluded that the nature, extent, and quality of the services to be provided by CenterSquare were satisfactory and adequate for the Fund. The Fund was organized as a statutory trust on November 5, 2013 and under the laws of the State of Delaware. Find company research, competitor information, contact details & financial data for Banco Industrial of Plainfield, NJ. The Investment Committee is responsible for ensuring that the decision is communicated to the Portfolio Manager promptly. Within this role Mr. Propper provided portfolio management services to the Bluerock Total Income Plus Real Estate Fund. Get the full list, Morningstar Institutional Equity Research. ORGANISATIONAL UPDATES On July 31, 2020, Franklin Resources, Inc. acquired Legg Mason, Inc. and its specialist investment managers for $6.5 . The Trustees noted the Funds strong performance over the since inception, trailing one year, and year to date through May 31, 2016 periods. The Fund invests primarily in big-box warehouse and distribution . The Barclays Capital U.S. Previously, Mr. Propper was a Director at Lakemont Group, a boutique real estate investment banking and consulting firm. At a meeting of the Funds Board of Trustees on June 21, 2016 the Trustees approved the continuation of the Investment Advisory Agreement for a one-year term. The Adviser will maintain a record of the analysis of any potential conflict of interest and its resolution. Dr. Anderson and Mr. Propper receive a salary, retirement plan benefits and performance-based bonus from the Adviser. All text and design is copyright 2020 WhaleWisdom.com. USPTO Trademarks Clarion Partners, LLC Lion Industrial Trust Application #85442431. In the absence of specific voting guidelines from the particular Client, the Adviser will vote Proxies in the best interests of such Client. 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. The Administrator is also reimbursed by the Fund for certain out of pocket expenses. The CCO has responsibility for implementation and monitoring of the Advisers proxy voting policy, practices, disclosures and record keeping, including outlining voting guidelines in its procedures. In considering the Advisers practices regarding brokerage and portfolio transactions, the Trustees reviewed the Advisers standards, and performance in utilizing those standards, for seeking best execution for Fund portfolio transactions.

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