Clarion Partners is a real estate investment manager headquartered in New York City. Founded in 1982, the firm operates as a specialty investment manager within Franklin Templeton and manages approximately $72 billion in total real estate and debt assets as of December 31, 2025. The portfolio spans approximately 1,350 properties across 79 markets in the United States and Europe. Clarion serves nearly 500 institutional investors globally, including pension plans, insurance companies, and sovereign wealth funds, offering investment strategies across the risk-return spectrum: core, core-plus, value-add, and opportunistic. The firm's investment approach emphasizes property sectors including industrial, multifamily, retail, office, hotel, and alternative property types such as life science, medical office, student housing, and self-storage. Industrial assets represent the largest concentration at approximately $45 billion in AUM across 940 properties, followed by multifamily at $12 billion across 150 properties. Clarion maintains a presence in major U.S. markets and European cities through 11 offices, with additional locations in Boston, Chicago, Dallas, Los Angeles, London, Amsterdam, Frankfurt, Jersey, Madrid, and Paris. The firm's management team holds an 18% equity stake in the company, aligning employee interests with investor objectives. Clarion underwrites approximately $26 billion in potential investments annually and has completed multiple acquisitions across industrial, healthcare, and logistics sectors between 2024 and 2026.