Elizabeth Kelbel

Clarion Partners LLC

Clarion Partners is a leading pure-play U.S. real estate investment manager. The Firm is headquartered in New York with a presence in major markets across the United States and Europe. Our organization is built on a broad network of real estate professionals who bring knowledge of local markets to every investment decision. • Investments in high-quality properties, typically from the five key property types: office, retail, industrial, multifamily residential and hotel • Broad range of real estate strategies across the risk/return spectrum: core, core-plus, value-add and opportunistic • $81.6 billion in total assets under management • ~500 institutional investors both domestic and international • 1480+ properties across numerous U.S. and European markets • Investment options in both fund and separate account formats • Expertise in equity and debt structures • 300+ employees • SEC-registered investment adviser • Distinguished investment manager with 40+ year history We seek to provide investors with long-term real estate solutions to support their investment objectives, mindful of our obligations of accountability, transparency and trust. For more information, please visit our website, www.clarionpartners.com All information as of 3/31/2023.