People - MAY 13, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Clarion Partners founder retires

by Andrea Waitrovich

Frank Sullivan, one of the founders of Clarion Partners, has plans to retire as managing director at the end of the month.

Sullivan has 43 years of experience in the real estate business. After graduating from the Wharton School at the University of Pennsylvania in 1971, he was recruited by Provident National Bank to join the real estate finance group.

In 1979 Sullivan joined Citibank as a regional acquisition vice president and was promoted in 1982 to chief acquisition officer, all in the real estate investment management department.

Sullivan left Citibank with two others to found Clarion Partners in 1984. While at Clarion Partners, Sullivan worked to raise and invest capital. At the time of his announced retirement, he was still managing $4 billion in separate accounts.

Sullivan is a veteran of the business and saw the evolution of real estate as an investment class.


Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy