Franklin Templeton and its real estate investment manager, Clarion Partners, have announced Clarion Partners Real Estate Income Fund Inc.’s (Nasdaq: CPREX) acquisition of four industrial outdoor storage (IOS) properties totaling approximately 26 acres and 219,000 square feet across four major U.S. markets: Atlanta, central New Jersey, Dallas-Fort Worth, and Houston. The acquisitions further expand the fund’s strategic allocation to the growing IOS sector.
The acquisitions reflect Clarion’s conviction in IOS as a critical component of the U.S. industrial real estate landscape. IOS properties support a broad range of users, including contractors, equipment rental companies, manufacturers, transportation providers, and other businesses that require outdoor storage, vehicle parking, equipment staging and access to industrial facilities. The subsector benefits from limited availability of industrial sites with sufficient yard space, particularly in infill locations near majo
