Managing Portfolios

Every fund and separate account is directed by a senior membor of the firm who is responsible for portfolio strategy, management and investment performance.

Evans Anderson
Managing Director

Evans Anderson
Managing Director

Evans Anderson, equity owner and Managing Director, is an Assistant Portfolio Manager for one of Clarion’s sector-specific, open-end funds. Previously, he held positions of increasing responsibility at Jamestown, Colony Capital and GE Capital Real Estate. He joined Clarion in 2016 and has 13 years of real estate experience in acquisitions, asset management and business development. Evans is a member of PREA.

Education
University of Notre Dame, M.B.A. (2004)Villanova University, B.B.S. (1999)
Ralph J. (Jeb) Belford, III
Managing Director

Ralph J. (Jeb) Belford, III
Managing Director

Jeb Belford, equity owner and Managing Director, is a member of the Firm's Investment Committee and is the lead portfolio manager for Clarion Partners’ open-end core fund. Previously, Jeb was an acquisitions leader for the Firm, completing more than $3.5 billion in real estate transactions across a broad range of strategies. His background includes all aspects of investment management - acquisitions, asset management, leasing and operations, financing and sales – for assets of all property types and risk strategies totaling over $5.0 billion, in markets across the U.S. and in Latin America. Jeb joined Clarion Partners in 1995, and began working in the real estate industry in 1984.

Education
Dartmouth College, B.A. - Mathematics and Religion (1983)
Eric Bergwall
Managing Director

Eric Bergwall
Managing Director

Eric Bergwall is an equity owner and Managing Director at Clarion Partners. He is a Senior Portfolio Manager, currently responsible for overseeing three separate accounts with a total GAV of almost $3.0 billion. His primary responsibilities include account relations, portfolio construction, and portfolio performance. He joined Clarion Partners in 2015 and began working in the real estate industry in 1984.

Education
Dartmouth College, Tuck School of Business M.B.A (1993)Middlebury College, B.A. English (1984)
Thanh Bui
Managing Director

Thanh Bui
Managing Director

Thanh Bui is an equity owner and Managing Director at Clarion Partners. In her role as a Portfolio Manager of Subordinate Debt Investments, she is responsible for the origination and structuring of complex mezzanine, B-note and senior mortgage investments for development, transitional and stabilized properties. Thanh is also responsible for managing the underwriting and closing process. With 15 years of real estate investment management experience, Thanh joined Clarion Partners in 2012 from RREEF where she managed transactions and developed debt strategies for the firm. Prior to her career in real estate investment management, Thanh performed planning and development work for a community based, not-for-profit organization.

Education
University of Michigan, Masters – Urban Planning (1997) University of Michigan, B.A. – Psychology (1994)
Edward L. Carey
Managing Director

Edward L. Carey
Managing Director

Edward L. Carey, equity owner and Managing Director, is the Portfolio Manager for one of Clarion’s sector-specific, open-end funds. He is a member of the Firm's Executive Board. As Portfolio Manager, Ed has overall responsibility for Fund management and strategy, including the investment and operating policies of the Fund and monitoring the performance of the management team. He joined Clarion in 2007 and has more than 29 years of real estate experience in investment management, finance and strategic transactions. Ed is a member of several real estate organizations including the Wharton School Zell/Laurie Real Estate Center and the Urban Land Institute.

Education
University of Pennsylvania Wharton School of Business, M.B.A. (1985)University of Notre Dame, B.A. (1979)
David T. Confer
Managing Director

David T. Confer
Managing Director

David Confer, equity owner and Managing Director, is responsible for managing the Firm’s largest industrial portfolio, one of the largest private industrial funds in the United States. He oversees the investment results of properties in major industrial markets across the United States, Canada, and Mexico. Additionally, he is a member of Clarion Partners’ Compensation Committee and Career Management Committee and functions as the Head of Clarion Partners’ Dallas office. David joined Clarion Partners in 2003 and began working in the real estate industry in 1989. He is a member of the Warehousing Education and Research Council and the National Association of Industrial and Office Properties. David is also an active member of the National Association of Industrial and Office Properties’ National Industrial Development III Forum.

Education
Southern Methodist University, M.B.A. (1989) University of Oklahoma, B.B.A. (1986)
James L. Dean II
Senior Vice President

James L. Dean II
Senior Vice President

James Dean is a Senior Vice President and Portfolio Manager at Clarion Partners. In this role, Mr. Dean is responsible for client relations, developing and implementing fund strategy, investing new capital, executing disposition strategies and managing fund assets for one of Clarion’s separate account clients. Additionally, James is an Asset Manager responsible for the management of both separate account and fund assets. While at Clarion, James has overseen 27 transactions with a total market value of over $1.6 billion. He joined Clarion Partners in 2005 and began working in the real estate industry in 1992.

Education
Towson University, B.S. - Business Administration/Finance (1992)
Drew Fung
Managing Director

Drew Fung
Managing Director

Drew D. Fung is an equity owner, Managing Director and Head of the Debt Investment Group at Clarion Partners. He oversees the Firm’s investment activities in various types of commercial real estate debt instruments, including mezzanine loans, B-notes and select preferred equity interests. Drew is also Chair of the Debt Investment Committee. Drew joined Clarion Partners from RREEF and he has 25 years of real estate experience. This experience includes more than 18 years in the debt sector, with more than $2 billion in debt transactions in all commercial property types. He is a former Chair of a Urban Land Institute (ULI) Urban Development/Mixed-Use Council, a member of the Commercial Real Estate Finance Council (CREFC) Board of Governors, and is a frequent speaker at industry events.

Education
New York University – Leonard N. Stern School of Business, M.B.A. (1994) State University of New York at Albany, B.S. Finance (1987)
Jon Gelb
Managing Director

Jon Gelb
Managing Director

Jon Gelb, equity owner and Managing Director, is a Portfolio Manager for Clarion Partners’ flagship fund. Jon shares responsibility for all facets of Fund management including acquisitions and dispositions, asset management and investor communications. Previously, Jon served as Assistant Portfolio Manager on an open-end value-add fund and has had acquisitions and portfolio management responsibilities for other Clarion portfolios. Jon joined the Firm in 2007 and began working in the real estate industry in 2005.

Education
Harvard Business School, M.B.A. (2005) Wesleyan University, B.A. (1997)
Timothy Guy
Managing Director

Timothy Guy
Managing Director

Timothy Guy is an equity owner Managing Director at Clarion Partners, as well as a Portfolio Manager with responsibility for one of Clarion’s largest separately managed accounts as well as oversight of the office asset management sector. Tim oversees all phases of private market portfolio management, asset management financing and disposition activities for his clients. He joined Clarion Partners in 1996 and began working in the real estate industry in 1992. Tim is a member of REIAC, and NAIOP.

Education
Dartmouth College, B.A. - History (1990)
Bohdy Hedgcock
Senior Vice President

Bohdy Hedgcock
Senior Vice President

Bohdy Hedgcock is a Senior Vice President and Assistant Portfolio Manager for Clarion’s series of closed-end opportunistic investment vehicles, as well as for a number of Clarion's separate account relationships. Bohdy shares responsibility for all facets of Fund management, including acquisitions, dispositions, asset management and investor communications. Previously, he worked with the Firm’s Investment Research Group, where he was involved in the underwriting of more than $2.0 billion in acquisitions. Bohdy joined Clarion Partners in 2007 and began working in the real estate industry in 2001. He is a full member of the Urban Land Institute and a LEED-Green Associate.

Education
New York University, M.S. – Real Estate Finance and Investment (2009)University of Colorado – College of Architecture and Planning, Master of Urban and Regional Planning (M.U.R.P.) (2002)Southwestern University, B.A. – American Studies (1991)
John Killian
Managing Director

John Killian
Managing Director

John Killian is an equity owner and Managing Director at Clarion Partners as well as the Chief Financial Officer of the Firm's largest industrial portfolio. John is responsible for the accounting and financial functions of the Fund, as well as client services. He is also a member of the Firm’s Operating Committee. He joined Clarion Partners in 2003 and began working in the industry in 1989. John started his career as a Certified Public Accountant with PricewaterhouseCoopers.

Education
Southern Methodist University, B.A. (1989)
Charles R. Lathem
Managing Director

Charles R. Lathem
Managing Director

Chuck Lathem, equity owner and Managing Director, is the head of Clarion Partners’ Hospitality Investments Group. He is responsible for the oversight of the firm’s portfolio of investments in the hospitality sector; and also managing relationships with hotel operators and partners. During the course of his career, he has completed the acquisition and/or development of hotels totaling more than $3.5 billion, including $1.5 billion since joining Clarion Partners. His prior real estate investment management experience includes managing and restructuring the Teacher Retirement System of Texas’ $2 billion real estate portfolio. Chuck joined Clarion Partners in 2006 and began his career in the real estate industry in 1981. He is a member of the Pension Real Estate Association and the Hospitality Asset Managers Association.

Education
Millsaps College, B.B.A. (1981)
Kye Joon Lee
Managing Director

Kye Joon Lee
Managing Director

Kye Joon (KJ) Lee is an equity owner and Managing Director as well as the Head of Asia at Clarion Partners, based in New York. Spearheading Clarion’s efforts in Asia, KJ oversees direct and indirect institutional investments from Asia into the Americas. He is also an Assistant Portfolio Manager for a client separate account, managing assets of a large, Asian sovereign wealth fund. KJ has more than 15 years of real estate experience and has been active in both Asian and US markets with roles in development, acquisitions, and advisory services. With significant knowledge of both private real estate and cross‐border investments, KJ is a frequent speaker and contributor for industry and media groups. KJ joined Clarion Partners in 2013. He is a CFA charterholder and a member of the New York Society of Security Analysts.

Education
Columbia Business School, M.B.A. (2010) Yonsei University, B.Sc. in Architectural Engineering (1999)
Guilherme Palocci
Vice President

Guilherme Palocci
Vice President

Guilherme Palocci is a Vice President at Clarion Partners and is the Portfolio Manager for the Brazil Investment Platform, with responsibility for the strategy and management oversight of activities in Brazil. Guilherme is a native of Brazil and is based in Sao Paulo. His background experience in the real estate industry includes transactions of more than USD 1.5 billion for the acquisition, developing, retrofitting, financing, asset management and disposition of real estate assets and real estate operating companies, in all property types and risk strategies, across the market in Brazil. He joined Clarion Partners in 2012 and began working in the real estate industry in 2007.

Education
Ibmec Business School (Insper), B.A. – Business Administration (2007)
Onay Payne
Managing Director

Onay Payne
Managing Director

Onay S.P. Payne, equity owner and Managing Director, is the portfolio manager of Clarion Partners’ closed-end fund investing in Mexico and a large US-focused portfolio. She is a member of the Firm's Investment Committee. Onay joined the Firm in 2003 and began working in the real estate and finance industries in 1997. She is an active member of the Urban Land Institute (Commercial Retail Council member), was a 2013 recipient of the Toigo Foundation's “40 Under 40” and serves on the board of the Toigo Alumni Endowment. She was also recognized as one of Real Estate Forum Magazine’s “Women of Influence 2010.” Onay is fluent in Spanish.

Education
Harvard Business School, M.B.A. - General Management (2003) Harvard College, B.A. Magna Cum Laude - History and Literature/Latin America (1997)
Richard H. Schaupp
Managing Director

Richard H. Schaupp
Managing Director

Richard Schaupp, equity owner and Managing Director, is the Portfolio Manager for a series of closed-end funds and certain separate account relationships. He is a member of the Firm's Investment Committee. As portfolio manager, Rick has overall responsibility for the management and portfolio strategy of these relationships. From 2005-2012, Rick was the Assistant Portfolio Manager for Clarion’s series of closed-end opportunistic vehicles. Rick has participated in the acquisition, asset management, and development management of over $4.0 billion of real estate. He originally joined Clarion Partners in 2000 and began working in the real estate industry in 1995.

Education
Yale University, M.B.A. - Finance, Public Economics (2000) University of Notre Dame - B.Arch. (1995)
Donald D. Sheets
Managing Director

Donald D. Sheets
Managing Director

Donald Sheets is an Equity Owner and Managing Director with Clarion Partners, and a member of Clarion’s Debt Investment Committee. As Portfolio Manager of Special Situations Debt, he is responsible for the acquisition of performing/subperforming/nonperforming commercial real estate mortgage debt. Donald has 20 years of leadership, acquisition, asset management, capital formation, and restructuring experience, having acquired and managed over $3.6 billion of loans across multiple property types and geographies. Donald joined Clarion Partners in 2017 via Clarion’s acquisition of AlumCreek Holdings, a platform he founded in 2014, and began working in the real estate industry in 1998. Donald is a faculty member at Columbia University and NYU, and has actively lectured at MIT, Harvard, Georgetown, and George Washington University. He is a Board Member and Member of the Audit Committee of Educational Housing Services and has served on the Board of Governors of Commercial Real Estate Finance Council.

Education
Harvard Business School, M.B.A (2006)The George Washington University, B. B.A. – Accounting and Real Estate Finance (1999)
Katie Vaz
Managing Director

Katie Vaz
Managing Director

Katie Vaz, equity owner and Managing Director, is a Portfolio Manager for three of Clarion Partners’ separate account portfolios totaling over $1.2 billion in assets under management. For these portfolios, she has executed new investments totaling $900 million, dispositions totaling $750 million and financings totaling $800 million. Prior to focusing on separate account portfolio management, she was an asset manager of office product in the New York tri-state and Florida markets and also a portfolio management associate for Clarion Partners’ multifamily fund. Katie joined Clarion in 2005 and has over 10 years of experience in the real estate industry.

Education
New York University, Stern School of Business, M.B.A (2005) Princeton University, B.A. (2000)