Clarion Partners Real Estate Income Fund (CPREX) Expands Healthcare Exposure

Franklin Templeton specialty investment manager acquires three inpatient rehabilitation facilities on behalf of fund investors

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton, a global investment leader and its specialist investment manager, Clarion Partners, today announced Clarion Partners Real Estate Income Fund Inc.’s (NASDAQ: CPREX) acquisition of three healthcare real estate properties across Texas, Florida, and Colorado. The acquisitions reflect Clarion’s continued focus on high‑quality healthcare real estate supported by durable demographic tailwinds, mission‑critical tenancy, and long‑term income visibility.

The investments further diversify the CPREX portfolio by geography, tenant, and healthcare sub‑sector, while complementing the Fund’s existing exposure across industrial, residential, and alternative real estate. The newly acquired assets include:

• Denton Medical – Denton, TX (Dallas – Fort Worth MSA)
  This 38,000‑square‑foot medical office and inpatient rehabilitation facility is located within a dense medical corridor and directly adjacent to an affiliated major hospital campus. The property is 100% leased on a long-term basis to a leading health system.
• PAM Health Rehabilitation Hospitals – Venice, FL and Greeley, CO
  This two-property portfolio consists of newly constructed, purpose‑built inpatient rehabilitation facilities totaling approximately 103,000 square feet. They are 100% leased on a long-term basis to a national post-acute care provider.

“Collectively, these properties provide exposure to essential healthcare infrastructure in markets benefiting from population growth, aging demographics, and proximity to established hospital systems,” said CPREX Portfolio Manager Rick Schaupp. “All three properties are fully leased to reputable health systems and providers, supporting long-term stability and income durability.”

Clarion Head of Healthcare Julie Robinson adds, “These acquisitions reflect our continued commitment to building a diversified healthcare real estate platform anchored by high‑quality assets in strong markets. These medical buildings play a critical role in the healthcare delivery ecosystem benefitting from the ongoing shifts in care delivery.”

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 $72 billion in total real estate and debt assets under management as of December 31, 2025, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion Partners is a specialty investment manager of Franklin Templeton.

For more information visit www.clarionpartners.com or follow us on LinkedIn.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] 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 partnerships, forward-looking insights, and continuous innovations – providing the tools and resources to navigate change and capture opportunity.

With more than $1.7 trillion in assets under management as of January 31, 2026, Franklin Templeton operates globally in more than 35 countries. To learn more, visit franklintempleton.com and follow us on LinkedIn.

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