Initiated an industrial joint venture development project in Sao Paulo, Brazil on behalf of an international investor.

Clarion Partners' executive team finalized management buyout of ING Group's private market investment management business in the Americas.

Separate account portfolio transitions totaling $1.2 billion.

Opened office in Sao Paulo, Brazil.

Fund assets exceeded separate account assets. Third in opportunistic, closed-end fund series launched.

Closed-end fund targeting value-added and opportunistic investments in Mexico launched.

Gables Residential Trust, a $3.0 billion public REIT acquired; apartment fund established. Value-added portfolio also established.

Second in opportunistic, closed-end fund series established.

Acquired Crow Holdings Industrial Trust, a $1.5 billion private industrial REIT; established Dallas-based industrial group. Industrial sector portfolio launched.

Flagship open-end fund created.

First in opportunistic, closed-end fund series launched.

ING Real Estate acquired Clarion Partners.

Active principals bought out their passive minority partners’ interest.

Purchased an interest in a REIT manager, Clarion Real Estate Securities, now a part of CBREI. Formed a public real estate debt manager, Clarion Capital, now Torchlight Partners.

Clarion Partners began building real estate portfolios for clients.