Clarion Partners Real Estate Income Fund Inc.
Sponsored by Clarion Partners. Interval Fund structure focused on private real estate.
Interval FundPrivate Real Estate
- Net assets
- $1.35B
source
Monthly portfolio report (Form N-PORT) · filed 2026-05-28 · period 2026-03-31
Net assets (N-PORT Part B, Item B.2)
Method Direct: read from a structured filing field
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $11.30
source
Repurchase offer notice (Form N-23c-3) · filed 2026-06-18 · period 2026-06-11
N-23c-3 informational NAV block
“NAV on June 11 , 2026 of the Class I shares (CPREX) was $11.30 per share. Class D shares (CPRDX) was $11.30 per share. Class S shares (CPRSX) was $11.30 per share. Class T shares (CPRTX) was $11.28 per share. Class U shares (CPRUX) was $11.28 per share . The NAV at which the Fund will repurchase shares will not be calculated until the Repurchase Pricing Date (defined below). The Fund’s NAV can fluctuate. Therefore, the NAV on the Repurchase Pricing Date may be higher or lower than the NAV stated”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
Canonical (canonical class) · 2026-06-11 - Net flows, last qtr
- +11.3% qtr ended 2026-03-31
- Distribution coverage (NII)
- 71% period ended 2025-12-31
- Leverage in use
- Not captured not captured
- Total return, 12m
- Insufficient history computed from NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
Redemptions accelerated to $52.3M from $35.4M the prior period (period ended 2026-02-28).
Redemptions accelerated to $52.3M from $35.4M the prior period (period ended 2026-02-28). (Rule C14: Redemption acceleration: repurchase/redemption dollars up >= 25%; Notify.)
Why it matters and what changed
Redemption dollars are accelerating period over period. This is the earliest provable symptom of the sentiment shift that, if it persists, ends in oversubscribed offers and pro-ration.
$35.4M -> $52.3M (up 47.9% vs prior period); trailing 4-period average $23.8M; same period prior year $1.5M; breach persisted 2 consecutive periods (escalated per the two-stage ladder)
Source: NPORT-P mon2Flow.redemption | https://www.sec.gov/Archives/edgar/data/1762562/000094040026021643/xslFormNPORT-P_X01/primary_doc.xml
NAV per share ($11.36) is 1.6% below its trailing four-observation average ($11.54) as of 2025-12-31.
NAV per share ($11.36) is 1.6% below its trailing four-observation average ($11.54) as of 2025-12-31. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)
Why it matters and what changed
Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average.
11.49 -> 11.36 (down 1.1% vs prior period); trailing 4-period average 11.54; same period prior year 11.60; breach persisted 5 consecutive periods (escalated per the two-stage ladder); comparison interval: ~6 months (2025-06-30 -> 2025-12-31; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)
Source: https://www.sec.gov/Archives/edgar/data/1762562/000113322826002419/cpreifi-efp22554_ncsr.htm | financial-highlights end-of-period NAV (fallback)
Historical findings (8)
NAV per share ($11.49) is 1.4% below its trailing four-observation average ($11.66) as of 2025-06-30.
NAV per share ($11.60) is 1.8% below its trailing four-observation average ($11.81) as of 2024-12-31.
NAV per share ($11.71) is 2.5% below its trailing four-observation average ($12.01) as of 2024-06-30.
NAV per share fell 2.4% from $12.12 to $11.83 (2023-12-31).
NAV per share fell 2.1% from $12.38 to $12.12 (2023-06-30).
NAV per share fell 2.1% from $12.65 to $12.38 (2022-12-31).
NAV per share fell 2.3% from $9.99 to $9.76 (2020-06-30).
Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Notify, 2020-05-31]
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
No structured portfolio-health series or position-change events have been captured for this fund.
Where exit demand met the cap.
The disclosed history shows no rationed period.
| Period | Requested | Filled | Cap used | Status |
|---|---|---|---|---|
| 2026-01-14 | Not disclosed | 100% | Not disclosed | filled |
| 2025-10-15 | Not disclosed | 100% | Not disclosed | filled |
| 2025-07-15 | Not disclosed | 100% | Not disclosed | filled |
| 2025-04-15 | Not disclosed | 100% | Not disclosed | filled |
| 2025-01-14 | Not disclosed | 100% | Not disclosed | filled |
| 2024-10-15 | Not disclosed | 100% | Not disclosed | filled |
| 2024-07-15 | Not disclosed | 100% | Not disclosed | filled |
| 2024-04-15 | Not disclosed | 100% | Not disclosed | filled |
| 2024-01-11 | Not disclosed | 100% | Not disclosed | filled |
| 2023-10-12 | Not disclosed | 100% | Not disclosed | filled |
| 2023-07-14 | Not disclosed | 100% | Not disclosed | filled |
| 2023-04-14 | Not disclosed | 100% | Not disclosed | filled |
| 2023-01-12 | Not disclosed | 100% | Not disclosed | filled |
| 2022-10-13 | Not disclosed | 100% | Not disclosed | filled |
| 2022-07-14 | Not disclosed | 100% | Not disclosed | filled |
| 2022-04-14 | Not disclosed | 100% | Not disclosed | filled |
| 2022-01-13 | Not disclosed | 100% | Not disclosed | filled |
| 2021-10-14 | Not disclosed | 100% | Not disclosed | filled |
| 2021-07-15 | Not disclosed | 100% | Not disclosed | filled |
| 2021-04-15 | Not disclosed | 100% | Not disclosed | filled |
| 2021-01-14 | Not disclosed | 100% | Not disclosed | filled |
| 2020-10-15 | Not disclosed | 100% | Not disclosed | filled |
| 2020-07-16 | Not disclosed | 100% | Not disclosed | filled |
| 2020-04-16 | Not disclosed | 100% | Not disclosed | filled |
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
No structured financing components have been captured for this fund.
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
No filed share-class terms have been captured for this fund; ownership type is therefore not inferred.
Management fee: 1.25% of avg daily net assets per year. source. Franklin Templeton Fund Adviser, LLC ('FTFA') is the Fund's investment manager; Clarion Partners, LLC is the Fund's investment subadviser. For its services, the Fund pays FTFA a management fee, payable monthly, in an amount equal to 1.25% of the Fund's average daily net assets. Clarion Partners receives an annual subadvisory fee, payable monthly, from FTFA equal to 70% of the management fee paid to FTFA (net of expense waivers/reimbursements) -- no subadvisory fee is paid by the Fund directly to Clarion Partners, so this is not an additional fund-level charge. The manager separately agreed to waive the Fund's management fee from April 1, 2021 through December 31, 2022 (a past, expired waiver).
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (1)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | Franklin Templeton Fund Adviser, LLC ('FTFA') is the Fund's investment manager; Clarion Partners, LLC is the Fund's investment subadviser. For its services, the Fund pays FTFA a management fee, payable monthly, in an amount equal to 1.25% of the Fund's average daily net assets. Clarion Partners receives an annual subadvisory fee, payable monthly, from FTFA equal to 70% of the management fee paid to FTFA (net of expense waivers/reimbursements) -- no subadvisory fee is paid by the Fund directly to Clarion Partners, so this is not an additional fund-level charge. The manager separately agreed to waive the Fund's management fee from April 1, 2021 through December 31, 2022 (a past, expired waiver). | 1.25 pct_annual_of_avg_daily_net_assets | Date not captured |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-06-18 | N-23C3A | 0001193125-26-275189 |
| 2026-05-28 | NPORT-P | 0000940400-26-021643 |
| 2026-03-19 | N-23C3A | 0001193125-26-115322 |
| 2026-02-27 | N-CSR | 0001133228-26-002419 |
| 2026-02-23 | NPORT-P | 0000940400-26-007252 |
| 2026-01-23 | SC TO-I/A | 0001193125-26-020543 |
| 2025-12-15 | SC TO-I | 0001193125-25-318810 |
| 2025-11-25 | NPORT-P | 0000940400-25-010360 |
| 2025-10-22 | SC TO-I/A | 0001193125-25-246149 |
| 2025-09-16 | SC TO-I | 0001193125-25-204987 |
| 2025-08-26 | NPORT-P | 0001752724-25-203528 |
| 2025-08-26 | N-CSRS | 0001133228-25-008939 |
| 2025-07-28 | SC TO-I/A | 0001193125-25-166139 |
| 2025-06-13 | SC TO-I | 0001193125-25-140513 |
| 2025-05-27 | NPORT-P | 0001752724-25-122389 |