The Pearl at Boulder Creek is a 116-unit, 165,900 square foot property in Boulder, Colorado.
Fund to provide a senior loan to Dial Senior Living and its ownership group
NEW YORK, March 24, 2025--(BUSINESS WIRE)--Franklin Templeton and its specialist investment manager, Clarion Partners, are today announcing Clarion Partners Real Estate Income Fund Inc.’s (NASDAQ: CPREX) entry into the senior housing sector through a debt investment in The Pearl at Boulder Creek, a 116-unit, 165,900 square foot property in Boulder, Colorado. CPREX is a closed-end tender offer fund that provides individual investors with access to institutional-quality1 private real estate through stable, well-leased, cash flow-producing properties across the U.S.
The Pearl at Boulder Creek provides a vibrant and supportive senior living experience in a convenient location adjacent to the University of Colorado Boulder campus and its surrounding amenities. The property offers customized care and meticulously designed amenities including an indoor pool, salon and nail spa, full-service dining room, bistro and pub, fitness center, art studio and covered parking. Designed to appeal to a broad range of prospective residents seeking either independent or assisted living, the property provides a mix of both one- and two-bedroom options.
"CPREX is excited to enter the senior housing sector, where we expect demographic trends to contribute to continued strong user demand for high-quality projects such as The Pearl at Boulder Creek," said Clarion Partners Portfolio Manager Janis Mandarino.
About Clarion Partners
Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With over $73 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm’s global industrial team manages a 1,000+ property portfolio in the U.S. and Europe consisting of more than 255 million square feet. For more information visit www.clarionpartners.com.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.58 trillion in assets under management as of February 28, 2025. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.
1 An institutional-grade or institutional-quality property generally refers to a property of sufficient size and stature to merit attention from large national or international investors.
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The Fund should be viewed as a long-term investment, as it is inherently illiquid and suitable only for investors who can bear the risks associated with the limited liquidity of the Fund. Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for no more than 5% of the Fund’s shares outstanding at net asset value. There is no guarantee these repurchases will occur as scheduled, or at all. Shareholders may not be able to sell their shares in the Fund at all or at a favorable price.
Real Estate Investment Risks:
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