Meet Clarion leadership

<div class="ExternalClassAD2A72A2181E42C88C28C8A5946E494A"><p>​John DeBeradinis is a Senior Vice President and the Chief Financial Officer for Clarion’s core diversified fund. He oversees financial reporting, cash management, investor relations and the legal, tax and capital structure aspects related to the fund. John joined Clarion in 2016 and began working in the real estate industry in 2009. He held management positions at firms that specialized in both retail and residential real estate before joining Clarion. John is a Certified Public Accountant with the State of New York.&#160;<br></p></div>

<div class="ExternalClass876FAD7B7E6C4C449E628B035C224DC5"><p>​Janet Souk is an equity owner and Senior Vice President with Clarion Partners. She serves as a Portfolio Manager for the Clarion Real Estate Income Fund (CPREIF) and Clarion’s value-add/opportunistic platform. Her primary responsibilities include portfolio construction and performance, overseeing acquisitions, dispositions and asset management for her portfolios, and investor communications. She joined Clarion Partners originally in 2005 when she began working in the real estate industry, and then rejoined in 2019.&#160;<br></p></div>

<div class="ExternalClassF84FAAD561714F2ABFE4A573CCE06253"><p>​Janis Mandarino is a Senior Vice President at Clarion. She is a Portfolio Manager for the Clarion Partners Real Estate Income Fund (CPREIF) and oversees a number ofClarion’s separate account relationships. In her role, Janis has shared responsibility for formulating investment strategies and overseeing their execution through acquisitions, dispositions and financings. Prior to her current position, Janis was a member of the Firm’s acquisitions team focused on investment opportunities in the Northeast, Midwest, and Texas. In addition to acquisitions, Janis’ experience includes positions in portfolio management, asset management, and corporate finance. Janis joined Clarion Partners in 2006 and began working in the finance industry in 2000. She is a member of the Urban Land Institute (ULI).&#160;<br></p></div>

<div class="ExternalClass2650D9AC1B7748DBB55A782A6A404D35"><p>​Jason Glasser&#160;is an equity owner and Senior Vice President with Clarion Partners.&#160;He serves as&#160;a Portfolio Manager for CV QOZP and is also responsible for overseeing three of the Firm’s separate account relationships. Jason focuses on portfolio performance, overseeing transactions, asset management, and investor communications.&#160; At Clarion Partners, he has participated in the acquisition, disposition, financing and asset management of over $3 billion of real estate. Jason joined the Firm in 2007.&#160;<br></p></div>

<div class="ExternalClass3B8C5A7AF32D42EBB7E30D23F3DFFA8F"><p>​Kevin Bishop, equity owner and Managing Director, is a Product Specialist within the portfolio management team for Clarion’s open-end multifamily fund. Kevin shares responsibility for the management, strategy and marketing of the Fund, with a particular focus on business development and investor relations. Kevin joined Clarion in 2022 and began working in the industry in 1997. He holds Series 7 and 63 securities licenses, the Chartered Financial Analyst designation and is a member of the CFA Institute, the CFA Society Boston and the Pension Real Estate Association (PREA).&#160;<br></p></div>

<div class="ExternalClassCACA0F0FECB44EB0934C5779212979F2"><p>​John Turek is a Vice President and Account Executive in the Client Capital Management Group at Clarion Partners. John manages relationships with U.S. institutional investors based in the Southeast, working with them in allocating capital across Clarion’s strategies. He also leads capital raising in Latin America. Within Clarion Partners, he has worked in acquisition, asset management, and product development capacities. John joined Clarion Partners in 2013 and began working in the real estate industry in 2011. He currently serves on PREA’s Rising Leaders Committee.&#160;</p></div>

<div class="ExternalClass3BD99D3CC6454EF690591D9038C9A2F1"><p>​Reza Basharzad, equity owner and Managing Director, is a Senior Account Executive within the Client Capital Management group. Reza manages relationships with U.S. institutional investors, primarily on the west coast, and works with them in allocating capital across a broad range of real estate strategies. His experience includes institutional investor relations, underwriting, product development and risk assessment. Reza joined Clarion Partners in 2021 and began working in the real estate industry in 2003.&#160;<br></p></div>

<div class="ExternalClassEBBBE544FF2B4BFC99676E10EC8DD47F"><p>​Brad Davey, equity owner and Managing Director, is a senior acquisitions officer at Clarion Partners. Based in Dallas, he has acquisition and development responsibilities for the central region of the U.S. Brad has over 15 years of experience acquiring and managing industrial, multi-family, retail and office assets. During his career, he has participated in the acquisition and disposition of industrial, multi-family and office assets totaling over $2.5 billion. Brad joined Clarion Partners in 2013 and began working in the industry in 2006. He is a member of Urban Land Institute’s multi-family gold council. Before his real estate career, Brad was a Captain in the U.S. Army Military Intelligence Corps.</p></div>

<div class="ExternalClass26A07111D0DB4C37BACC04344BE1EC3D"><p>​Michael Marrone, equity owner and Managing Director, is a Senior Acquisitions Officer with the industrial transactions team. Based in Los Angeles, Michael is responsible for the originating, due diligence and the closing of industrial acquisitions and development in the Western Region of the United States. He joined Clarion Partners in 2013 and began working in the real estate industry in 2005.&#160;</p></div>

<div class="ExternalClass286116987A8942C5B646F58C0D396BC6"><p>​Christine Kang, equity owner and Managing Director, is an Asset Management Officer at Clarion Partners. Based in Los Angeles, Christine is responsible for the West Coast Office markets. In addition, she is the Assistant Portfolio Manager for one of Clarion’s major separate accounts. Christine is on the Steering Committee of the CP Women’s Leadership Network and on Clarion’s ESG Committee. She joined Clarion Partners in 2017 and has been working in the real estate industry since 2001.<br></p></div>

<div class="ExternalClass5361F88BCA5A48AF91484E485E13767C"><p>​Glenn Johnson, equity owner and Managing Director, is the Head of Strategic Partnerships for Clarion’s Industrial Platform. He focuses on expanding key tenant relationships and developing new relationships with strategic new industrial prospects. Glenn joined Clarion Partners in 2015 and has 30 years of direct experience in the private equity real estate business. His experience also includes more than 20 years as a public fund trustee. Glenn is a member of the National&#160;Association of Industrial and Office Properties (NAIOP) and holds Series 7 and 63 securities licenses.<br></p><p>Glenn has also served&#160;in volunteer leadership roles, including&#58;<br></p><div>New York State Common Retirement Fund - Real Estate Advisory Committee (2001-2015)<br></div><div><br></div><div>Massachusetts PRIM - Vice Chairman of the Board; Chairman, Real State Committee (1993-2001)<br></div><div><br></div><div>Dana Farber Cancer Institute – Trustee (2005-Present)​<br></div></div>

<div class="ExternalClassD18B30FDAD2C43F79952709A0F6AD5BE"><p>​Thomas James, equity owner and Managing Director, is a Senior Acquisitions Officer. Based in New York, Tom focuses on acquisition opportunities in the Mid-Atlantic and Southeastern regions of the United States. Prior to this, he was responsible for the asset management of multifamily properties in metro New York, Boston, Philadelphia and Jacksonville. Additionally, Tom managed office properties in the Northeast and a national medical office portfolio. He has held several positions in portfolio management for Clarion’s core open-end fund and was a member of the corporate finance team. Tom joined Clarion Partners in 2005 and began working in the financial industry in 1998. He is a member of the Urban Land Institute, a member of the National Multifamily Housing Council, a member of NAIOP and holds a CIPM designation.&#160;</p></div>

<div class="ExternalClass0BEA9B37199C46C2BC0800BAF1E76ADB"><p>​Nicole Welch, equity owner and Managing Director, is an Asset Management Officer at Clarion Partners. Based in Los Angeles, Nicole works with the Industrial Group and is responsible for managing the Western Region totaling over 55 million sq. ft. Nicole was previously with JLL for nine years as a broker focused on big box industrial in Southern California. Nicole joined Clarion Partners in 2017 and has been working in the real estate industry since 2004. Nicole is a Member of the National Association of Industrial and Office Properties (“NAIOP”) Inland Empire Chapter and also serves on the National NAIOP Membership &amp; Chapter Relations Committee.&#160;</p></div>

<div class="ExternalClass21A35529D99F432EA83C9CCE9386C18B"><p>Katie Vaz, equity owner and Managing Director, is a Portfolio Manager for Clarion's core open-end fund and a member of the Firm's Investment Committee. Katie shares responsibility for all facets of Fund management including acquisitions and dispositions, asset management and investor communications. Previously, she served as a portfolio manager for three of Clarion's separate account portfolios and also spent several years as a portfolio management associate for one of Clarion's sector-specific funds. Prior to focusing on portfolio management, she was an asset manager of office product in the New York tri-state and Florida markets.&#160; Katie is a member of Clarion's ESG Committee and is the founder and co-chair of Clarion Partners' Women's Leadership Network.&#160; Katie joined Clarion in 2005 and has 17 years of experience in the real estate industry.​<br></p></div>

<div class="ExternalClass92691CC393474BCB939254A7F0014377"><p>Jeroen Verheijden, equity owner and Managing Director, is the Head of EMEA​​​ Distribution within the Client Capital Management group. Jeroen is responsible for developing and servicing Firm client relationships throughout Europe and the Middle East, marketing both U.S. and European investment capabilities and products. He is a member of the Clarion Partners Europe Investment Committee. Jeroen joined Clarion Partners in 2012 and began working in the real estate industry in 2008.<br></p></div>

<div class="ExternalClassEC9BECB314224A33BF7B3B60DFCBD6BE"><p>​Joanne Vitale, equity owner and Managing Director, is a Senior Account Executive within the Client Capital Management group. She works closely with key institutional investors in allocating capital across a broad range of real estate strategies. Joanne joined Clarion Partners in 1996 and began working in the industry in 1978.​<br></p></div>

<div class="ExternalClass783600ECEBAF4010BED319F637759FA0"><p>​John Wanamaker, equity owner and Managing Director, is the Chief Technology Officer for Clarion Partners and a member of the Operating Committee. John oversees all aspects of technology infrastructure, applications and cyber security. John also leads the Asset Management and Portfolio Accounting Operations team. He joined Clarion Partners in 2005 and has over 30 years of experience as an IT professional.</p></div>

<div class="ExternalClass3DB5BA183F6246CCB8C9D01194C54CCA"><div>Brian Watkins, equity owner and Managing Director at Clarion, is a Portfolio Manager for the Clarion Partners Real Estate Income Fund (CPREIF), with primary focus on acquisitions and asset management for the Fund. Prior to his current role, Brian served as Clarion’s Head of Asset Management - U.S. and, before that, he led Clarion’s national investment team as Head of Acquisitions. He began his career as an Asset Manager responsible for investments across various funds and separate account clients. Brian joined Clarion Partners in 1996 and began working in the real estate industry in 1993. He is a member of the Urban Land Institute and the International Council of Shopping Centers. ​</div></div>

<div class="ExternalClass6D6096AEB72B41D1939F55ACCAD94FE4"><p>Patrick J. Tully, Jr., equity owner and Managing Director, is the Chief Financial Officer of Clarion Partners. Pat is responsible for all portfolio and corporate financial activities for the Firm and oversees the Firm’s information technology functions. He is a member of the Firm’s Executive Board and Chairman of the Operating Committee. Pat joined Clarion Partners in 1998, began working in the real estate industry in 1994, and is a former Board Member of the National Council of Real Estate Investment Fiduciaries (“NCREIF”). Additionally, he is a Certified Public Accountant in the State of New Jersey (inactive).</p></div>

<div class="ExternalClassDE48CAAE1A0C486484D62E3CFA85620A"><p>​Andrew Lowe, equity owner and Managing Director, is the Head of Industrial Asset Management at Clarion Partners overseeing a team of 23&#160;professionals responsible for managing in excess of 206&#160;million square feet. Prior to this, he was responsible for the team that asset manages the Central and Southwest industrial markets totaling approximately 58 million sq. ft.&#160; Andy is a member of the Investment Committee for the Clarion Gramercy European Industrial funds. He joined Clarion Partners in 2002 and began working in the real estate industry in 1994.&#160; Andy is a member of the National Association of Industrial and Office Properties (“NAIOP”) and is an active member on NAIOP’s E-Commerce III Forum. He is a Certified Public Accountant with the State of Texas.<br></p></div>

<div class="ExternalClass9AEB240538E14DC19AF9585C6B379CB1"><p>​Craig Tagen, equity owner and Managing Director, is the Head of Portfolio Management for Separate Accounts. In this role he is responsible for the oversight of the Firm's separate account clients and managing the associated portfolio management staff. Additionally, Craig is a Portfolio Manager leading several client portfolios, and is the portfolio manager for a closed-end, comingled fund.&#160;​​Craig is a member of the Firm’s Executive Board, as well as Clarion’s Investment, Operating and Valuation Committees. Craig joined the Firm in 1997 and began working in the real estate industry in 1984.&#160;</p></div>

<div class="ExternalClass692D8BD0C1CA4929A450D9235A548112"><p></p><div>Michael O’Connor, equity owner and Managing Director, is an Assistant Portfolio Manager for Clarion’s open-end multifamily fund where he&#160;shares responsibility for all facets of Fund management and strategy. Michael also directs Clarion's defined contribution strategies.&#160;Prior to joining Portfolio Management, Michael was an Acquisitions Officer with the Firm and structured investment transactions in the private&#160;market. He also previously served as a Vice President with Clarion’s Research Team. Michael joined Clarion Partners in 1997 and has over 30 years of real estate experience. He is a member of the Pension Real Estate Association and previously served as co-president of&#160;the Defined Contribution Real Estate Council.<br></div></div>

<div class="ExternalClassA38D3949736A412AB20FA4554DAE8E8A"><div>Richard Schaupp is an equity owner and Managing Director with Clarion Partners and leads the Portfolio Management teams for a number of client accounts, including the Clarion Partners Real Estate Income Fund (CPREIF) and Clarion’s value-add/opportunistic platform. As lead 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 the Clarion Ventures series and a separate account relationship. Rick has participated in the acquisition, asset management, and development management of over $4.0BN of real estate. He originally joined Clarion Partners in 2000 and began working in the real estate industry in 1995.&#160;​<br></div><div>​<br></div></div>

<div class="ExternalClass8324CCF077374C7BB1C8A80C1F80C993"><p>​Maqbool Mohamed is the Chief Financial Officer and Chief Operating Officer of Clarion Partners Europe. He oversees the operations, administration, and financial reporting of Clarion Partners Europe. Maqbool is a member of the Clarion Partners Europe Investment Committee. He joined Clarion Partners Europe in 2020 and began working in the industry in 1994. Maqbool has held senior finance roles at a number of reputable opportunity funds and has provided operational support and transactional oversight in approximately a dozen European countries (including landmark deals in Germany, Spain, and Greece). He was the chairman of the board for BoStad A/S from 2019 through 2020 and is a member of ULI. Maqbool is fluent in French, German, and Dutch.</p></div>

<div class="ExternalClass5D9BDF32069D4E45AB5DAA971E711531"><p>​Gwynne Murphy, equity owner and Managing Director, is the Head of Global Consultant Relations within the Client Capital Management group. Gwynne focuses on cultivating key institutional investor relationships and leads the Firm’s business development with institutional consultants. She has a long history of providing investment advice and counsel to institutional investors globally. Gwynne joined Clarion Partners in 2012 and began working in the real estate industry in 1996.</p></div>

<div class="ExternalClass8037F6AF574B492A9093924EFB5AB0D7"><p>​Hugh Macdonnell is an equity owner and Managing Director at Clarion Partners and is a member of the Firm's Executive Board, Investment Committee, and Operating Committee. As the Head of the Client Capital Management group, Hugh is responsible for the Firm’s global distribution efforts, including managing key client relationships, new product development, and all capital raising activities. As a senior partner, he also oversees a number of the Firm’s key funds and initiatives. He joined Clarion Partners in 2011 and began working in the real estate industry in 1991.</p></div>

<div class="ExternalClass8ED1C9E78C6F4CCBB79ADEE8ABD53E1B"><p>​Michelle Levy, equity owner and Managing Director, is the Chief Operating Officer of Clarion Partners’ Client Capital Management Group and a member of the Firm's Operating Committee. Michelle manages the team that leads Clarion’s efforts in capital raising, client management, and corporate communications and marketing. Her direct responsibilities focus heavily on new product development, strategic projects, and expansion of the Firm’s capital sources. Michelle’s broad experience in real estate includes portfolio management, capital management, and transaction execution in both debt and equity structures. She joined Clarion Partners in 2015 and began working in the real estate industry in 1988. Michelle is a member of WX New York Women Executives in Real Estate.&#160;​<br></p></div>

<div class="ExternalClass0D6B7C443DBC4E4CA7539A3F44D3695A"><p>​Kye Joon (KJ) Lee, equity owner and Managing Director, is the Head of Asia at Clarion Partners. Based in New York, KJ oversees direct and indirect institutional investments from Asia into the Americas. He is also a Portfolio Manager for the separately managed account of a large, Asian sovereign wealth fund. KJ has more than 20 years of real estate experience and has been active in both Asian and U.S. 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 charter holder and a member of the New York Society of Security Analysts.</p></div>

<div class="ExternalClass527AFF4CEC764320B3C98CBF78547A6C"><p>​Dave Kutayiah, equity owner and Managing Director, is the Head of Human Resources at Clarion Partners, responsible for managing all human capital activities for the Firm. His responsibilities include talent acquisition, management and development; compensation and benefits; employee engagement and social responsibility activities. He is a member of Clarion Partners’ Operating, Career&#160;Management, Social Responsibility Committees, Compensation Committee and an advisor to the Clarion Executive Board. Dave joined Clarion Partners in 2008 and began working in the financial services industry in 1996, supporting both public securities and private equity businesses.&#160;He is also an Adjunct Professor and Thesis Advisor (2014 to present) for the Human Resources Management Graduate Program in the School of Business at Mercy College, Dobbs Ferry, NY.</p></div>

<div class="ExternalClass0AC0E1F4DA064AFAA05EB0A8AA494E26"><p>​Charles Lathem, equity owner and Managing Director, is the Head of Hospitality Asset Management at Clarion Partners. In this role he is responsible for the Firm’s investments in the hotel sector. Additionally he serves as portfolio manager for a separate account relationship. Charles joined Clarion Partners in 2006 and began working in the real estate industry in 1981.<br></p></div>

<div class="ExternalClassD937462992DC4989A4487AD0BA8D6D4E"><p>​Karen Kasteel, equity owner and Managing Director, is a Senior Account Executive within the Client Capital Management group. Karen manages relationships with U.S. institutional investors and works with them in allocating capital across a broad range of real estate strategies. Her experience includes institutional investor relations, product development, and investment execution in commercial real estate. Karen joined Clarion Partners in 2019 and began working in the real estate industry in 2004.<br></p></div>

<div class="ExternalClass03446085427645179210F1C9CD8565A5"><p>​John Killian, equity owner and Managing Director, is the Chief Financial Officer of one of Clarion’s sector-specific open-end funds. 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.</p></div>

<div class="ExternalClassC9687F980A40460CBCF80CE485082506"><p>​Bohdy Hedgcock, equity owner and Managing Director, is the Head of Capital Markets for one of Clarion’s sector-specific open-end funds, overseeing investor relations and ESG initiatives. Previously, Bohdy had portfolio management responsibilities for a separate account and a series of value-add and opportunistic funds and worked with the Firm’s Investment Research Group. He 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.</p></div>

<div class="ExternalClass03724F5AC99A4F6788CFD546BA0D68DE"><p>​Lauren M. Holden, equity owner and Managing Director, is the Head of Retail Asset Management at Clarion Partners. She is responsible for Clarion’s retail portfolio which currently includes 142 properties, 26 million square feet and $7.0 billion under management. Lauren has been instrumental in the Firm’s retail acquisitions. She is on the Steering Committee of Clarion Partners Women’s Leadership Network (CPWLN), a member of Clarion’s Environmental Sustainability and Governance (ESG) committee, and an SEO Mentor. Lauren joined Clarion Partners in 2014 and began working in the real estate industry in 2003. She is a member of ICSC, ULI and WX New York Women Executives in Real Estate.<br></p></div>

<div class="ExternalClass6D80D94369664286842A99643FFA1787"><div>Heather Hopkins, equity owner and Managing Director is the Chief Financial Officer of Clarion Partners. Heather is responsible for all portfolio and corporate financial activities for the Firm and oversees the Firm’s information technology functions. She serves as controller to Clarion’s value-add/opportunistic platform and was previously the Chief Financial Officer of Clarion’s diversified core fund. Heather joined Clarion Partners in 2015 and began working in the real estate industry in 1996. She currently serves as the Co-Vice Chair of the NCREIF Accounting Committee and is a Certified Public Accountant with the State of New York.​<br></div></div>

<div class="ExternalClass3F0013AAEC38438FB9728F4EB41CC3EF"><p>​Josh Kane, equity owner and Senior Vice President, is a Senior Account Executive within the Client Capital Management group. Josh is focused on capital raising, business development, and customizing client solutions. His activities are focused on U.S. institutional investors and consultants, as well as Clarion Partners’ U.S. private wealth distribution efforts. Josh joined Clarion Partners in 2013 and began working in the real estate industry in 2008.</p></div>

<div class="ExternalClass0D386DA6B7AE4E6BA157D5B8A3F76000"><p>Jon Gelb, equity owner and Managing Director, is L​ead​&#160;Portfolio Manager for Clarion’s open-end core fund. Jon has&#160;responsibility for all facets of Fund management including acquisitions and dispositions, asset management and investor communications. He joined the Fund in 2014. Prior to 2014, Jon served as Assistant Portfolio Manager on the Firm’s open-end value-added fund. Prior to working in portfolio management, Jon worked in the Firm’s Acquisitions Group, where he underwrote East Coast transactions. Jon joined the Firm in 2007 and began working in the real estate industry in 2005.</p></div>

<div class="ExternalClass80C1A268A6C84CDCA5AE6D2D5EFA7FA6"><div style="line-height&#58;normal;margin-top&#58;0pt;margin-bottom&#58;3pt;margin-left&#58;0in;text-indent&#58;0in;direction&#58;ltr;unicode-bidi&#58;embed;word-break&#58;normal;">​David Gilbert is the Chief Executive Officer of Clarion Partners. He is a member of the firm’s Executive Board and Investment Committee. David is a member of the Board of Directors for Clarion Partners Holdings, LLC as well as a member of the Executive Board for Clarion Partners Management.&#160; He joined Clarion in 2007 and began working in the real estate industry in 1983. David is on the Board of Directors of the Pension Real Estate Association Foundation, and on the Board of Trustees for the Urban Land Institute. ​​​<br></div></div>

<div class="ExternalClass8B677B3BD3B04F0A98EE0C5DFD7BBFE0"><p>​Timothy Guy, equity owner and Managing Director, is the Portfolio Manager for separately managed accounts, investing across the major property types. Additionally, Tim serves on the Firm’s Debt Investment Committee and&#160;has coverage responsibilities for several strategic capital sources, working collaboratively with members of our Client Capital Management group. He joined Clarion Partners in 1996 and started in the real estate industry in 1992. Tim is a board member of the Boston chapter of NAIOP.</p></div>

<div class="ExternalClass065BA5399E444C918C56C75FA8DB8338"><p>​David Confer, equity owner and Managing Director, is the Portfolio Manager of the Firm’s largest industrial portfolio. Additionally, he is a member of Clarion Partners’ Executive Board, Compensation Committee and Career Management Committee and functions as the Head of Clarion Partners’ Dallas office. David oversees the investment results of properties in major industrial markets across the United States, Canada, and Mexico. He joined Clarion Partners in 2003 and began working in the real estate industry in 1989. David is a member of the Warehousing Education and Research Council and the National Association of Industrial and Office Properties (NAIOP). He is also an active member of the NAIOP National Industrial Development III Forum.&#160;</p></div>

<div class="ExternalClass4A1B19DA3F0742BC9E9BE076CB4F9E14"><p></p><div style="line-height&#58;normal;margin-top&#58;0pt;margin-bottom&#58;3pt;margin-left&#58;0in;text-indent&#58;0in;direction&#58;ltr;unicode-bidi&#58;embed;word-break&#58;normal;">​Dayton Conklin, equity owner and Managing Director, is the Head of Industrial Transactions at Clarion Partners. He is a member of the Firm’s Investment Committee. Dayton is responsible for U.S. industrial acquisitions, dispositions and development joint ventures. He has extensive experience executing real estate transactions (acquisitions, dispositions and developments) over the course of his career in markets across the U.S. Additionally, Dayton is the portfolio manager for one of Clarion’s industrial focused separate account relationships. He joined Clarion Partners in 2007 and has been active in the industrial real estate sector since 1992. Dayton is a member of the National Association of Industrial and Office Properties (“NAIOP”) and is an active member of NAIOP’s Industrial Acquisitions I forum.​​​​<br></div></div>

<div class="ExternalClass0526957BBB4D40C1B272E5F30F2307B1"><p>​Drew D. Fung, equity owner and Managing Director, is a portfolio manager within the Debt Investment Group. He oversees the Firm’s subordinate debt investment activities in various types of commercial real estate debt instruments, including mezzanine loans, B-notes and preferred equity interests. Drew is a member of the Debt Investment Committee, which approves all of the Firm’s financing activities, and a member of Clarion’s ESG Committee and Subcommittee on Resilience. Drew joined Clarion Partners in 2012 and began working in the real estate industry in 1987. He has comprehensive commercial real estate experience, including more than 20&#160;years focused on subordinate debt that includes all property types and capital structures. 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, a frequent speaker at industry events, and has provided expert testimony to the U.S. Senate Banking Sub Committee regarding the impact of regulation on commercial real estate financing markets.</p></div>

<div class="ExternalClass7130B7472446483D89E7A167446DE98E"><p>​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 and serves on Clarion’s Career Management Committee. As Portfolio Manager, Ed has overall responsibility for Fund management and strategy, including the investment and operating policies of the Fund and managing the performance of the portfolio and operating management teams. He joined Clarion in 2007 and has more than 33 years of real estate experience in investment management, finance and strategic corporate / asset-related transactions, including 21 years on Wall Street. Ed is a member of several real estate organizations including the Wharton School Zell/Laurie Real Estate Center and the Urban Land Institute.&#160;<br></p></div>

<div class="ExternalClassCAEAA943A4B54C438068F9B66D1366A7"><p>​Rory Buck is a Managing Director at Clarion Partners Europe. He manages the investment team and oversees the sourcing and acquisition of real estate assets across the continent. Rory is a member of the Clarion Partners Europe Investment Committee. He became part of Clarion Partners in 2019 via Clarion’s acquisition of Gramercy Europe. Rory joined Gramercy Europe in 2016 and began working in the industry in 2008.<br></p></div>

<div class="ExternalClass74B120E22E9B4879A0E01DE06E4857DE"><div>Thanh Bui is an equity partner and Managing Director at Clarion and co-manages the debt investment business for the Firm. She is a Portfolio Manager and is responsible for originating and structuring complex subordinate debt investments for core, value-add and development properties.&#160;Thanh is a member of Clarion’s Debt Investment and ESG committees.​&#160;Thanh joined Clarion Partners in 2012 and has 25 years of experience in real estate, portfolio management, real estate finance and investment management. She is the Co-Chair of the High Yield and Distressed Realty Assets Forum for CRE Finance Council (CREFC-HYDRA), Co-Chair of the Asian Pacific Islander Business Resource Group for Franklin Templeton, a member of the New York Women Executives in Real Estate (WX), and a Steering Committee member of the Clarion Partners Women's Leadership Network.<br></div><p><br></p></div>

<div class="ExternalClassC764F185E01C48CCB81183717E2554A2"><p>Alistair Calvert is CEO of Clarion Partners Europe, which was originally ThreadGreen Europe and then Gramercy Europe. He established the business in 2006, launching its first fund in 2007, with notable transactions of more than €2.2 billion of logistics and light industrial property. Alistair is a member of the Clarion Partners Europe Investment Committee. He became part of Clarion Partners in 2019 via Clarion’s acquisition of Gramercy Europe. Alistair began working in the real estate logistics sector in 2000.<br></p></div>

<div class="ExternalClass48529DABAD844BC29E1DCD047558E0DE"><p>Susan&#160;Boccardi, equity owner and Managing Director, is the General Counsel&#160;and Chief Compliance Officer of Clarion Partners, responsible for managing all legal and regulatory matters for the Firm.&#160;She is a member of the Executive Board and Operating Committee, and chair of the&#160; Risk Committee. ​She also serves as legal advisor to the Investment Committee.&#160;​ Susan joined Clarion Partners in 2019 and has practiced law since 1992 in the financial sector.​​​</p></div>

<div class="ExternalClass9B2A25B7D4D7489EB53D8EEEC24F6DF7"><p>​Evans Anderson, equity owner and Managing Director, is the Head of Americas Institutional Distribution for the Client Capital Management Group at Clarion Partners. He is a member of Clarion’s ESG Committee.&#160;​Prior to this role, Evans served as an Assistant Portfolio Manager for one of Clarion’s sector-specific open-end funds. Evans has over 17 years of real estate experience in acquisitions, asset management and business development. He joined Clarion in 2016 and began working in the industry in 2004.&#160;​<br></p></div>

<div class="ExternalClass347F10456BEC4D568E2EA9E7F39EF54E"><div style="line-height&#58;normal;margin-top&#58;0pt;margin-bottom&#58;3pt;margin-left&#58;0in;text-indent&#58;0in;direction&#58;ltr;unicode-bidi&#58;embed;word-break&#58;normal;"><span style="font-size&#58;10pt;"><span style="font-family&#58;arial;"></span></span><div style="line-height&#58;normal;margin-top&#58;0pt;margin-bottom&#58;3pt;margin-left&#58;0in;text-indent&#58;0in;direction&#58;ltr;unicode-bidi&#58;embed;word-break&#58;normal;">​​Jeb Belford, Managing Director, is the Chief Investment Officer of Clarion Partners. He is an equity owner in the Firm,&#160;chairman of the Firm’s Investment Committee, and a member of the Executive Board​. From 2013-2021 Jeb was the lead Portfolio Manager of the Firm’s open-end core fund, with overall responsibility for fund management and portfolio strategy. From 2005-2012, Jeb was the Portfolio Manager for&#160;the Firm’s value-add investment platform. Prior to becoming a portfolio manager, Jeb was a senior member of the Firm’s Acquisitions Group, completing investments across a broad range of strategies. His background includes all key aspects of portfolio management, including acquisitions, financing and sales totaling over $20 billion in all property types and risk strategies, in markets across the U.S., Brazil and Mexico. Jeb joined Clarion Partners in 1995 and began working in the real estate industry in 1984.​​<br></div><span style="font-size&#58;10pt;font-family&#58;arial;color&#58;#313e48;"></span></div></div>

<div class="ExternalClassF76295713F7A412CB529BBAA24171F71"><p>​Gary E. Rufrano, equity owner and Managing Director, is the Co-Head of National Acquisitions for the Firm. He focuses on acquisition and development opportunities on the East Coast and is responsible for sourcing, underwriting, negotiating and closing transactions. Gary joined Clarion Partners in 2001 and has 20+ years of real estate experience in asset management, portfolio management and acquisitions.</p></div>

<div class="ExternalClass27B442EAD97E4F0A8568CDC742C0E066"><p>Spence Sowa, equity owner and Managing Director, is the Head of Asset Management at Clarion Partners. He is a member of Clarion’s Investment and Operating Committees, and also serves as Head of the U.S. Office Sector.&#160; During his career, Spence has been involved in over $1.5 billion worth of transactions in various capacities, with concentrations in asset management, acquisitions, development, capital markets and construction management globally. Spence joined Clarion Partners in 2015 and began working in the real estate industry in 1999.&#160;​</p></div>

<div class="ExternalClass1A633657253947798272530B3393057F"><p>​Simon Allenby is a Managing Director at Clarion Partners Europe. He heads the European asset management operations from the company's office in Berlin. Simon became part of Clarion Partners in 2019 via Clarion’s acquisition of Gramercy Europe. He joined Gramercy Europe in 2016 and began working in the industry in 2005. Simon is a member of the Royal Institution of Chartered Surveyors and is fluent in German.</p></div>

<div class="ExternalClassBA208F4853AE4797ABFFC376445509F4"><p>​Khalid Rashid, equity owner and Managing Director, is a portfolio manager and member of the Firm’s Investment Committee. He has extensive transaction and leadership experience in portfolio and asset management, acquisitions and financings. Based in the Firm’s Los Angeles office, Khalid oversees separate account portfolios for several institutional investors. He is responsible for developing and implementing strategic initiatives for funds consisting of $3.5 billion GAV. Khalid also spearheads Clarion’s business development and co-investment partnership opportunities with diverse firms and is an active member of the Firm’s ESG Committee in which he oversees Clarion’s social initiatives with a focus on ensuring that our diversity objectives are a meaningful component of the selection criteria for services providers. Khalid joined the firm in 2008 and possesses more than 17 years of experience in the real estate industry. He currently serves on the Robert A. Toigo Fellowship (“RTF”) Alumni Endowment Board. Khalid is a RTF recipient, Real Estate Executive Council education committee member, and an active member of the Urban Land Institute’s Multifamily Product Council. He graduated from ULI’s Real Estate Associate Program in 2006 and was named the RTF’s “40 Under 40” in 2014.​​<br></p></div>

<div class="ExternalClassD6DA0DFD434C431F85B4033EE7E3402E"><p>​Dean Rostovsky, equity owner and Managing Director, is the Co-Head of National Acquisitions for the Firm. Based in Los Angeles, he oversees transaction activity across property types for the Western region. Dean sources and closes varied risk-strategy investments on behalf of Clarion’s approximately $56 billion of client-managed accounts. Dean has experience in both the private equity and fixed income sectors of the real estate market. He re-joined Clarion Partners in 2006 and began working in the real estate industry in 1993.</p></div>

<div class="ExternalClassF896D702EBD64E98A2FD25D89F6C2F70"><p>​Celia Ding, Senior Vice President at Clarion Partners, is a Senior Account Executive within the Client Capital Management group. Celia is based in Hong Kong and is focused on institutional client relationships in the Asia Pacific region. Her experience spans commercial real estate portfolio management, asset management, corporate real estate strategies, research, and development consultancy in North America and Asia. Celia joined Clarion Partners in 2019 and began working in the real estate industry in 2002.</p></div>

<div class="ExternalClass0910D3B2A1C449E4A5E7E10463836DC3"><p>​Timothy Bright, equity owner and Managing Director, is the Head of Multifamily Asset Management at Clarion Partners. He oversees the asset management group responsible for the investment results of over 75 assets (15,500 units) including core, value-add and development opportunities. Tim is responsible for reviewing acquisition underwriting, setting policy and directing all multi-family asset management activities at the Firm. Additionally, Tim is the portfolio manager for a value-add student housing fund that is co-sponsored by the Philadelphia-based student housing operator, Campus Apartments. His prior experience includes assignments as an Assistant Portfolio Manager and the asset management of office, retail and hotel investments. Tim has completed property disposition and financing transactions of nearly $2.0 billion. He joined Clarion Partners in 1999 and began working in the real estate industry in 1989. Tim is a member of the National Multi-Housing Council (“NMHC”).</p></div>

<div class="ExternalClass57E82DA79EA14EA69932FF08DACDCFB0"><p>Tim Wang, equity owner and Managing Director, is the Head of Investment Research at Clarion Partners. Tim leads the group in supporting the development of Firm-wide and business unit-specific investment strategy and advising on portfolio strategy through proprietary analytics and econometric forecasting. Additionally, he is responsible for macroeconomic analysis, market forecasting, and research support for capital raising and client services. He joined the Firm in 2006 and is a member of Clarion Partners’ Investment Committee.&#160;<br></p><p>Tim has published numerous real estate research articles and co-authored five real estate strategy books, including Active Private Equity Real Estate Strategy (2009), Guide to U.S. Real Estate Investing (2009), Emerging Market Real Estate Investment&#58; Investing in China, India, and Brazil (2010), Inside the Real Estate Fund Investor (2011), and Real Estate Mathematics (2011).&#160;He was an appointed Adjunct Assistant Professor of the Real Estate Development Program at Columbia University in 2018-2020. Tim&#160;​​​​​​is a frequent guest speaker at real estate investment conferences. He is a member of the Urban Land Institute and currently serves on the PREA Research Committee (Chair), the NCREIF Research Committee, and the Real Estate Research Institute Advisory Board.</p></div>