Real Estate Specialist Investment Manager

Clarion Partners We don't merely acquire value. We create it.

  • Research-driven approach with deep local market knowledge and property-level expertise spanning four decades of real estate cycles.
  • Scale and reach across the U.S. and Europe, managing ~1,420 properties and $73.7 billion in assets under management.
  • True partnership built on transparency, integrity, and aligned interests — management owns 18% of the firm.

At a Glance

  • Founded 1982
  • AUM $73.7B
  • Properties ~1,420
  • Investors ~500
Invest With Us
Assets Under Management
$73.7B
As of Sep 30, 2025
Founded
1982
Over 40 years of experience
Properties
~1,420
Global Offices
11
Across the U.S. & Europe

At a Glance

40+
Years of Experience
$73.7B
Assets Under Management
~1,420
Properties Managed
300+
Employees

Grounded in Research

Local and global market knowledge drives every investment decision, combining property-specific analysis with strategic perspective.

True Partners

Built on transparency, integrity, and open communication. Relationships with ~500 institutional investors worldwide.

Invested Together

Management owns 18% of the firm, ensuring aligned interests and a long-term commitment to investor outcomes.

Service-Oriented

Hands-on investor support with dedicated teams providing customized reporting and portfolio solutions.

“Our investment philosophy is grounded in the belief that real estate value creation comes from deep research, disciplined execution, and genuine partnership with our investors. We don't merely acquire value — we create it.”

— David Gilbert, CEO, Clarion Partners

Investment Strategies

Strategy Risk / Return Description
Core / Core-Plus Lower Diversified, stabilized properties in primary markets with predictable income streams.
Value-Add Medium Properties with upside potential through repositioning, lease-up, or capital improvement.
Opportunistic Higher Distressed assets, development, or complex situations offering higher return potential.
Debt Varies Real estate debt investments across the risk spectrum, including senior and mezzanine positions.
Opportunity Zones Tax-Advantaged Investment in designated distressed communities offering significant tax benefits.
European Logistics Core-Plus Pan-European logistics platform targeting prime distribution and last-mile assets.

Property Types

Industrial

Warehouses, distribution centers, and logistics facilities in key transportation corridors.

Multifamily

Apartment communities in high-growth markets with strong demographic fundamentals.

Office

Class A office properties in top-tier markets with strong tenancy and transit access.

Retail & Hospitality

Select retail and hotel assets in resilient, high-traffic locations.

Life Science / Lab

Purpose-built lab and research facilities in leading life science clusters.

Student Housing

Purpose-built student accommodations near major universities with strong enrollment trends.

~1,420
Properties
~500
Institutional Investors
6
Property Sectors
18%
Management Ownership

About Clarion Partners

Founded in 1982 by Stephen Furnary and John Weisz, Clarion Partners has grown from a boutique real estate advisor into one of the largest and most respected real estate investment managers in the world. The firm combines deep local market expertise with a disciplined, research-driven approach to create value for its institutional investor base.

Key Milestones

1982
Founded by Stephen Furnary and John Weisz in New York City as a real estate investment advisor.
1999
Surpassed $10 billion in assets under management, establishing national scale.
2000
ING Group acquires a majority stake, providing global capital and distribution resources.
2002
Expanded industrial strategy, capitalizing on early e-commerce logistics demand.
2005
Launched debt investment platform, diversifying across the real estate capital stack.
2015
Management-led buyback returns majority ownership to firm leadership, reinforcing alignment.
2019
Legg Mason acquires Clarion Partners; firm retains investment independence and brand identity.
2021
Franklin Templeton completes acquisition of Legg Mason; Clarion Partners becomes a specialist investment manager within the Franklin Templeton family.
2023
Expanded European logistics platform with acquisitions in key continental markets.
2025
AUM reaches $73.7 billion with ~1,420 properties across North America and Europe.

Office Locations

North America
  • New York (HQ)
  • Boston
  • Chicago
  • Dallas
  • Los Angeles
Europe
  • London
  • Amsterdam
  • Frankfurt
  • Jersey
  • Madrid
  • Paris

David Gilbert

Chief Executive Officer

David Gilbert serves as CEO of Clarion Partners, leading the firm's strategic direction and investment activities. Under his leadership, Clarion has grown its platform to over $73 billion in assets, expanded into European logistics, and maintained its position as one of the most trusted names in institutional real estate investment management.

Important Information

This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or investment product. Investments in real estate are subject to various risks, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental liabilities.

Past performance is no guarantee of future results. There can be no assurance that any investment strategy will achieve its objectives. Real estate investments are illiquid and may not be suitable for all investors. Investors should carefully consider the risks, charges, and expenses associated with real estate investments before investing.

Clarion Partners, LLC is a registered investment adviser and a wholly owned subsidiary of Franklin Resources, Inc. Assets under management as of September 30, 2025. Property counts and other figures are approximate and subject to change.

© 2026 Clarion Partners, LLC. All Rights Reserved.