
Franklin Templeton-distributed fund adds collection of individually curated industrial outdoor storage (IOS) properties to portfolio


Franklin Templeton and its real estate investment manager Clarion Partners are

<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Franklin Templeton-distributed fund adds collection of individually curated industrial outdoor storage (IOS) properties to portfolio</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton and its real estate investment manager Clarion Partners are today announcing <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alternativesbyft.com%2Fsolutions%2F92083%2FI%2Fclarion-partners-real-estate-income-fund&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=Clarion+Partners+Real+Estate+Income+Fund+Inc&amp;index=1&amp;md5=7d027585abc22270174ba3c3846a6058" shape="rect">Clarion Partners Real Estate Income Fund Inc</a>.’s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CPREX">CPREX</a>) acquisition of four industrial outdoor storage (IOS) properties totaling approximately 26 acres and 219,000 square feet across four major U.S. markets: Central New Jersey, Houston, Dallas-Fort Worth and Atlanta. The acquisitions further expand the Fund’s strategic allocation to the growing IOS sector.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260818542002/en/" rel="nofollow">https://www.businesswire.com/news/home/20260818542002/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260818542002/en/2877808/4/6500_Brittmoore_IOS_web.jpg" alt="Property image: 6500 Brittmoore, a ~12-acre, 140,200 sq. ft. crane-served campus located in Houston, TX, fully leased to a leading energy technology company."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Property image: 6500 Brittmoore, a ~12-acre, 140,200 sq. ft. crane-served campus located in Houston, TX, fully leased to a leading energy technology company.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
The acquisitions reflect Clarion’s conviction in IOS as a critical component of the U.S. industrial real estate landscape. IOS properties support a broad range of users, including contractors, equipment rental companies, manufacturers, transportation providers and other businesses that require outdoor storage, vehicle parking, equipment staging and access to industrial facilities. The sub-sector benefits from limited availability of industrial sites with sufficient yard space, particularly in infill locations near major transportation infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"This latest group of acquisitions reflects our continued focus on diversifying the Fund across property types, markets and demand drivers to enhance its risk-adjusted performance potential," said Portfolio Manager and Managing Director Brent Jenkins. "We believe adding well-located IOS assets in diversified markets strengthens the portfolio’s ability to generate durable income and long-term appreciation."

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The investments span markets with diverse but complementary demand drivers. Houston benefits from its energy-intensive manufacturing base, the Port of Houston and continued investment in industrial and manufacturing infrastructure. Dallas-Fort Worth continues to experience strong population and employment growth, while Atlanta serves as a major Southeast freight hub. In Central New Jersey, IOS demand is supported by proximity to the New York metropolitan population center and the Port of New York and New Jersey, combined with significant barriers to new supply.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"These acquisitions demonstrate Clarion’s continued focus on building a diversified IOS portfolio in markets where transportation connectivity, population growth and constrained supply can support long-term demand," said Managing Director and transaction lead Adam Wheeler. "We believe IOS represents an attractive opportunity within the broader industrial sector, particularly for well-located properties that serve essential operating needs."

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<b xmlns="http://www.w3.org/1999/xhtml">About Clarion Partners</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 $73.3 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 930+ property portfolio in the U.S. and Europe consisting of more than 249 million square feet as of March 31, 2026.

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For more information visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.clarionpartners.com&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=www.clarionpartners.com&amp;index=2&amp;md5=12c765641f32d67d8c4ed5982e7a265d" shape="rect">www.clarionpartners.com</a> and follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fclarion-partners-llc%2F&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=3a9db9054cd3eeefe8d46ae4d3b161a2" shape="rect">LinkedIn</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2F%40ClarionPartners&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=YouTube&amp;index=4&amp;md5=781ae0a0794dd2dadb2dc04d4ddc0047" shape="rect">YouTube</a>.

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<b xmlns="http://www.w3.org/1999/xhtml">About Franklin Templeton</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.

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With approximately $1.8 trillion in assets under management as of July 31, 2026, Franklin Templeton operates globally in more than 35 countries.

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To learn more, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2F&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=franklintempleton.com&amp;index=5&amp;md5=a0613e7379c121acb4bfae30198e7878" shape="rect">franklintempleton.com</a> and follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=6&amp;md5=2028212eb4052404c99bd39133d7bad4" shape="rect">LinkedIn</a>.

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Characteristics and holdings weightings are based on total portfolio, are subject to change at any time, and are provided for informational purposes only. Not to be construed as a recommendation to purchase or sell any security. There can be no assurance that any unrealized investment described herein will prove to be profitable. Please refer to the important disclosures at the end of this presentation.

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<b xmlns="http://www.w3.org/1999/xhtml">Investment risks</b>: All investments involve risk, including loss of principal. Past performance is no guarantee of future results.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Liquidity risk considerations</b>: 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 at least 5% of the Fund’s shares outstanding at net asset value. <b xmlns="http://www.w3.org/1999/xhtml">Although the Fund will conduct quarterly repurchase offers, there is no guarantee that a shareholder will be able to sell all of their shares in the Fund that the shareholder desires to sell or at a favorable price. </b>Shares tendered within 12 months of the original issue date will be subject to an early withdrawal fee of 2.00%. Please see the Fund prospectus for additional information.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Real Estate Investment Risks: </b>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 fluctuations in lease occupancy rates and operating expenses, variations in rental schedules, which in turn may be adversely affected by local, state, national or international economic conditions. Such conditions may be impacted by the supply and demand for real estate properties, zoning laws, rent control laws, real property taxes, the availability and costs of financing, and environmental laws. Furthermore, investments in real estate are also impacted by market disruptions caused by regional concerns, political upheaval, sovereign debt crises, and uninsured losses (generally from catastrophic events such as earthquakes, floods and wars). Investments in real estate related securities, such as asset-backed or mortgage-backed securities are subject to prepayment and extension risks.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Private Market Investments Risks: </b>An investment in the Fund is suitable only for investors who can bear the risks associated with private market investments (such as private credit and private equity) with potential limited liquidity. Shares will not be listed on a public exchange, and no secondary market is expected to develop.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Before investing, carefully consider a Fund&#39;s investment objectives, risks, charges and expenses. You can find this and other information in each prospectus or summary prospectus, if available, at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklintempleton.com&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=www.franklintempleton.com&amp;index=7&amp;md5=3e810b02da06d72a260dbd0bfa82b8d5" shape="rect">www.franklintempleton.com</a>. Please read it carefully.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 &#x7C; NO BANK GUARANTEE &#x7C; MAY LOSE VALUE &#xA9; 2026 Franklin Distributors, LLC, member FINRA/SIPC. Franklin Distributors, LLC, and Clarion Partners, LLC are all subsidiaries of Franklin Resources, Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260818542002r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260818542002/en/" rel="nofollow">https://www.businesswire.com/news/home/20260818542002/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Public Relations: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jennifer Shapiro: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jennifer@craftandcapital.com" shape="rect">jennifer@craftandcapital.com</a>

</p>

CPREX

Clarion Partners Real Estate Investment Fund Expands Strategic Industrial Outdoor Storage Platform Across Four U.S. Markets

Clarion IOS expansion may bolster CPREX income stability and long-term value

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Franklin Templeton-distributed fund adds collection of individually curated industrial outdoor storage (IOS) properties to portfolio


Franklin Templeton and its real estate investment manager Clarion Partners are</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Clarion Partners Real Estate Income Fund Inc (CPREX) is expanding its IOS exposure with four properties totaling about 26 acres and 219,000 square feet across NJ, Houston, Dallas–Fort Worth and Atlanta. The deals underscore growing IOS relevance in industrial real estate and could support durable income and longer-term value for CPREX, though fund liquidity remains limited and tied to quarterly repurchase offers.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Clarion Real Estate Income Fund adds four IOS properties totaling 219k sq ft.</li><li>Properties span Central New Jersey, Houston, Dallas-Fort Worth, and Atlanta.</li><li>IOS demand benefits from limited supply and infrastructure connectivity.</li><li>Fund aims to diversify across markets to improve risk-adjusted returns.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Clarion Partners Real Estate Income Fund Inc (CPREX)</strong>: Driver of the IOS acquisitions; CPREX expands IOS exposure.</li><li><strong>Franklin Templeton (BEN)</strong>: Sponsor and distributor backing CPREX; potential uplift to distribution network.</li><li><strong>Clarion Partners LLC (N/A)</strong>: Private manager expanding IOS portfolio; strategic partner to CPREX.</li><li><strong>Franklin Distributors, LLC (N/A)</strong>: Distributor network tied to CPREX; supports marketing and liquidity.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News on institutional real estate sector and IOS expansion; CPREX&#039;s portfolio tilt toward IOS could enhance income stability and long‑term value.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>IOS demand tailwinds from limited supply near major transport hubs.</li><li>Diversified markets (NJ, TX, GA) may improve income resilience.</li><li>CPREX liquidity is quarterly with at least 5% NAV repurchases; 2% early withdrawal if within 12 months.</li><li>Sponsor backing from Franklin Templeton and Clarion supports distribution and scale.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>IOS properties total 26 acres and 219,000 sq ft across four markets.</li><li>Markets: Central New Jersey, Houston, Dallas-Fort Worth, Atlanta.</li><li>Acquisition announced Aug 18, 2026 by Clarion Partners Real Estate Income Fund Inc (CPREX).</li><li>Liquidity: quarterly repurchase offers for at least 5% of shares; 2% early withdrawal fee within 12 months.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>CPREX likely to see modest upside over 2–6 weeks from IOS diversification.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Franklin Templeton-distributed fund adds collection of individually curated industrial outdoor storage (IOS) properties to portfolio</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton and its real estate investment manager Clarion Partners are today announcing <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alternativesbyft.com%2Fsolutions%2F92083%2FI%2Fclarion-partners-real-estate-income-fund&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=Clarion+Partners+Real+Estate+Income+Fund+Inc&amp;index=1&amp;md5=7d027585abc22270174ba3c3846a6058" shape="rect">Clarion Partners Real Estate Income Fund Inc</a>.’s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CPREX">CPREX</a>) acquisition of four industrial outdoor storage (IOS) properties totaling approximately 26 acres and 219,000 square feet across four major U.S. markets: Central New Jersey, Houston, Dallas-Fort Worth and Atlanta. The acquisitions further expand the Fund’s strategic allocation to the growing IOS sector.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260818542002/en/" rel="nofollow">https://www.businesswire.com/news/home/20260818542002/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260818542002/en/2877808/4/6500_Brittmoore_IOS_web.jpg" alt="Property image: 6500 Brittmoore, a ~12-acre, 140,200 sq. ft. crane-served campus located in Houston, TX, fully leased to a leading energy technology company."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Property image: 6500 Brittmoore, a ~12-acre, 140,200 sq. ft. crane-served campus located in Houston, TX, fully leased to a leading energy technology company.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
The acquisitions reflect Clarion’s conviction in IOS as a critical component of the U.S. industrial real estate landscape. IOS properties support a broad range of users, including contractors, equipment rental companies, manufacturers, transportation providers and other businesses that require outdoor storage, vehicle parking, equipment staging and access to industrial facilities. The sub-sector benefits from limited availability of industrial sites with sufficient yard space, particularly in infill locations near major transportation infrastructure.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"This latest group of acquisitions reflects our continued focus on diversifying the Fund across property types, markets and demand drivers to enhance its risk-adjusted performance potential," said Portfolio Manager and Managing Director Brent Jenkins. "We believe adding well-located IOS assets in diversified markets strengthens the portfolio’s ability to generate durable income and long-term appreciation."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The investments span markets with diverse but complementary demand drivers. Houston benefits from its energy-intensive manufacturing base, the Port of Houston and continued investment in industrial and manufacturing infrastructure. Dallas-Fort Worth continues to experience strong population and employment growth, while Atlanta serves as a major Southeast freight hub. In Central New Jersey, IOS demand is supported by proximity to the New York metropolitan population center and the Port of New York and New Jersey, combined with significant barriers to new supply.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"These acquisitions demonstrate Clarion’s continued focus on building a diversified IOS portfolio in markets where transportation connectivity, population growth and constrained supply can support long-term demand," said Managing Director and transaction lead Adam Wheeler. "We believe IOS represents an attractive opportunity within the broader industrial sector, particularly for well-located properties that serve essential operating needs."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Clarion Partners</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 $73.3 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 930+ property portfolio in the U.S. and Europe consisting of more than 249 million square feet as of March 31, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
For more information visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.clarionpartners.com&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=www.clarionpartners.com&amp;index=2&amp;md5=12c765641f32d67d8c4ed5982e7a265d" shape="rect">www.clarionpartners.com</a> and follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fclarion-partners-llc%2F&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=3a9db9054cd3eeefe8d46ae4d3b161a2" shape="rect">LinkedIn</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2F%40ClarionPartners&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=YouTube&amp;index=4&amp;md5=781ae0a0794dd2dadb2dc04d4ddc0047" shape="rect">YouTube</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Franklin Templeton</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.

</p><p xmlns="http://www.w3.org/1999/xhtml">
With approximately $1.8 trillion in assets under management as of July 31, 2026, Franklin Templeton operates globally in more than 35 countries.

</p><p xmlns="http://www.w3.org/1999/xhtml">
To learn more, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2F&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=franklintempleton.com&amp;index=5&amp;md5=a0613e7379c121acb4bfae30198e7878" shape="rect">franklintempleton.com</a> and follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=6&amp;md5=2028212eb4052404c99bd39133d7bad4" shape="rect">LinkedIn</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Characteristics and holdings weightings are based on total portfolio, are subject to change at any time, and are provided for informational purposes only. Not to be construed as a recommendation to purchase or sell any security. There can be no assurance that any unrealized investment described herein will prove to be profitable. Please refer to the important disclosures at the end of this presentation.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investment risks</b>: All investments involve risk, including loss of principal. Past performance is no guarantee of future results.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Liquidity risk considerations</b>: 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 at least 5% of the Fund’s shares outstanding at net asset value. <b xmlns="http://www.w3.org/1999/xhtml">Although the Fund will conduct quarterly repurchase offers, there is no guarantee that a shareholder will be able to sell all of their shares in the Fund that the shareholder desires to sell or at a favorable price. </b>Shares tendered within 12 months of the original issue date will be subject to an early withdrawal fee of 2.00%. Please see the Fund prospectus for additional information.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Real Estate Investment Risks: </b>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 fluctuations in lease occupancy rates and operating expenses, variations in rental schedules, which in turn may be adversely affected by local, state, national or international economic conditions. Such conditions may be impacted by the supply and demand for real estate properties, zoning laws, rent control laws, real property taxes, the availability and costs of financing, and environmental laws. Furthermore, investments in real estate are also impacted by market disruptions caused by regional concerns, political upheaval, sovereign debt crises, and uninsured losses (generally from catastrophic events such as earthquakes, floods and wars). Investments in real estate related securities, such as asset-backed or mortgage-backed securities are subject to prepayment and extension risks.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Private Market Investments Risks: </b>An investment in the Fund is suitable only for investors who can bear the risks associated with private market investments (such as private credit and private equity) with potential limited liquidity. Shares will not be listed on a public exchange, and no secondary market is expected to develop.

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<i xmlns="http://www.w3.org/1999/xhtml">Before investing, carefully consider a Fund&#39;s investment objectives, risks, charges and expenses. You can find this and other information in each prospectus or summary prospectus, if available, at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklintempleton.com&amp;esheet=54591217&amp;newsitemid=20260818542002&amp;lan=en-US&amp;anchor=www.franklintempleton.com&amp;index=7&amp;md5=3e810b02da06d72a260dbd0bfa82b8d5" shape="rect">www.franklintempleton.com</a>. Please read it carefully.</i>

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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 &#x7C; NO BANK GUARANTEE &#x7C; MAY LOSE VALUE &#xA9; 2026 Franklin Distributors, LLC, member FINRA/SIPC. Franklin Distributors, LLC, and Clarion Partners, LLC are all subsidiaries of Franklin Resources, Inc.

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<b xmlns="http://www.w3.org/1999/xhtml">Public Relations: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jennifer Shapiro: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jennifer@craftandcapital.com" shape="rect">jennifer@craftandcapital.com</a>

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Clarion Partners Real Estate Income Fund Inc (CPREX) is expanding its IOS exposure with four properties totaling about 26 acres and 219,000 square feet across NJ, Houston, Dallas–Fort Worth and Atlanta. The deals underscore growing IOS relevance in industrial real estate and could support durable income and longer-term value for CPREX, though fund liquidity remains limited and tied to quarterly repurchase offers.

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Clarion Partners Real Estate Investment Fund Expands Strategic Industrial Outdoor Storage Platform Across Four U.S. Markets

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