Clarion Partners Real Estate Income Fund Inc. (CPREIF) Closes on Mixed-Use Nashville Property The Sheds on Charlotte
Clarion Partners Real Estate Income Fund has enhanced its portfolio by acquiring The Sheds on Charlotte, a fully leased 85,032 square-foot office and retail complex in Nashville, TN. This strategic acquisition targets high-quality tenants in a dynamic market. Notable tenants include ForceX and Starbucks. The property’s prime location near major medical facilities and affluent neighborhoods reinforces its potential for stable income. As CPREIF grows its holdings, it aims to replicate this success to benefit investors in the long term.
- Acquired a fully leased property (The Sheds on Charlotte) with quality tenants.
- Located in a prime area of Nashville near major medical facilities.
- Strategic investment aligns with CPREIF's goal of expanding quality property holdings.
- None.
The Sheds on Charlotte is a
The Sheds on Charlotte is located in Nashville’s Midtown/
Most of the buildings in The Sheds on Charlotte complex feature high-bay ceilings, skylights, exposed steel beams up to 20’ and exterior courtyards. The two office tenants are ForceX, a subsidiary of defense contractor L3Harris, and entertainment business management firm
“This is an ideal opportunity to purchase a property with high-quality tenants in a strong, fast-growing market,” said CPREIF Portfolio Manager
About
CPREIF offers individual investors direct access to a portfolio of privately-held, income-producing commercial real estate properties through an innovative investment fund driven by
About
About
Investment Risks
The Fund is recently 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 value 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 and/or its subsidiaries employ 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.
Liquidity Considerations
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
Before investing, carefully consider a Fund’s investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at www.leggmason.com. Please read it carefully.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results.
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.
Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional.
INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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