Clarion Fund Closes on Multifamily Property in Charlotte
Clarion Partners Real Estate Income Fund, Inc., has expanded its property portfolio with the diversifying acquisition of a multifamily property in Charlotte.
Anker Haus is a 49-unit, build-for-rent townhome community located in the heart of the Charlotte’s Plaza Midwood neighborhood, less than four miles east of downtown. Resilient net migration, high barriers to new supply and strong employment growth have positioned East Charlotte as a high-growth sub-market, according to Clarion Partners.
The project was designed as a “pocket neighborhood,” modeled after a European village.
Clarion Partners, a Franklin Templeton specialist investment manager, also purchased an industrial property in North Las Vegas and a multi-use property in a high-traffic area of downtown Austin.
“Anker Haus and (the Austin asset) provide fund investors with exposure to high-growth, amenity-rich, Sun Belt sub-markets, which are poised for further expansion,” said Onay Payne, Clarion Partners managing director and CPREIF portfolio manager.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.