Because most, if not all, of the Underlying Funds are privately placed, they generally do not issue proxies. Because the Portfolio Manager and the Associate Portfolio Manager may manage assets for other pooled investment vehicles and/or other accounts (including institutional clients, pension plans and certain high net worth individuals) (collectively Client Accounts), or may be affiliated with such Client Accounts, there may be an incentive to favor one Client Account over another, resulting in conflicts of interest. The Adviser will maintain a record of the analysis of any potential conflict of interest and its resolution. Form D contains basic information about the offering and the company. All rights reserved. Item 7. The CCO shall retain the following proxy records in accordance with the Advisers Recordkeeping Policy: These policies and procedures and any amendments; Each Proxy statement that the Adviser receives; A record of each vote that the Adviser casts; Any document the Adviser created that was material to making a decision how to vote Proxies, or that memorializes that decision; A copy of each written request from a Client or Investor for information on how the Adviser voted such Clients Proxies, and a copy of any written response. We will be in touch soon. Youll receive updates on upcoming events, special The tax character of the Funds distributions, in isolation, does not reveal much information about whether the distributions are supported by the Funds returns. Without the waiver the expenses would be 2.68%, 3.43% and 2.43% for Class A, Class C and Class I, respectively. 4. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, Name(s) of Parter, Manager, Trustee, or Director. The Oklahoma Municipal Retirement Fund (OkMRF) has approved a $30 million commitment to the open-end, value-add real estate Clarion Lion Industrial Trust fund. United States. Clarion Partners Lion Properties Fund ("LPF" or the "Fund") is an open-end, diversified Core real estate fund with a . By clicking on I accept, you consent to our Privacy Policy. Previously, Mr. Propper was a Director at Lakemont Group, a boutique real estate investment banking and consulting firm. Find company research, competitor information, contact details & financial data for Banco Industrial of Plainfield, NJ. After reviewing the foregoing information and further information in the memorandum from the Adviser (e.g., the Advisers Form ADV and descriptions of the Advisers business and compliance program), the Board concluded that the nature, extent, and quality of the services to be provided by the Adviser were satisfactory and adequate for the Fund. A negative correlation of -1 indicates that the securities have moved in the opposite direction. If the Funds NAV has increased, the Fund will have economically earned more than it has distributed, regardless of whether such distributions are reported as being from net investment income, net realized gains on investments or return of capital. The Funds investment adviser is Griffin Capital Advisor, LLC (the Adviser). After further review and discussion, the Board determined that the Advisers practices regarding brokerage and portfolio transactions were satisfactory. The largest outstanding borrowing during the year ended September 30, 2016 relating to Credit Suisse was $149,500,000. The term -. The Fund may use the fair value of a security to calculate its NAV when, for example, (1) a portfolio security is not traded in a public market or the principal market in which the security trades is closed, (2) trading in a portfolio security is suspended and not resumed prior to the normal market close, (3) a portfolio security is not traded in significant volume for a substantial period, or (4) the Adviser determines that the quotation or price for a portfolio security provided by a broker-dealer or independent pricing service is inaccurate. The Trustees noted that AHIC does not engage in portfolio transactions directly on behalf of the Fund and makes recommendations to the Adviser. The Fund pursues its investment objective by strategically investing across private institutional real estate investment funds as well as a diversified set of public real estate securities. One basis point is equal to 1/100th of 1%, or 0.01%. GRIFFIN INSTITUTIONAL ACCESS REAL ESTATE FUND. Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30th is available without charge upon request by calling toll-free 888-926-2688, or on the SECs website at http://www.sec.gov. You are leaving www.clarionpartners.com and being directed to a new site. Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. It also contained information on Fund expenses, including comparative expense ratio information for other investment companies with strategies similar to the Fund. TIAA-CREF lends $175m to Clarion Fund - Real Estate Capital Europe 602. Total returns are for the period indicated and have not been annualized. Trustees Consideration and Approval of continuation of Sub-Advisory Agreement with CenterSquare. In considering the costs of the services to be provided and profits to be realized by CenterSquare and its affiliates from the relationship with the Fund, the Trustees evaluated CenterSquares staffing, personnel, and methods of operating; the education and experience of CenterSquares personnel; CenterSquares compliance programs, policies, and procedures; the financial condition of CenterSquare; the level of commitment to the Fund and CenterSquare by the principals of CenterSquare; the current and projected asset levels of the Fund; and the overall expenses of the Fund, including the nature and frequency of advisory fee payments. Pursuant to Section 852 of the Internal Revenue Code, the taxability of distributions will be reported on Form 1099-DIV for 2016. Walker Wellford. Calculated using the average shares method. ACERA commits to PGIM, Clarion open-ended real estate funds Clarion to acquire Crow Holdings for $1.5 billion Based upon all of the foregoing considerations, the Board of Trustees, including a majority of the Independent Trustees, approved the continuation of the Investment Sub-Advisory Agreement with CenterSquare. The NFI-ODCE Index is capitalization-weighted and is reported gross of fees. In these offers, the Fund offered to repurchase up to 5% of the number of its outstanding shares as of the Repurchase Pricing Dates. To the Board of Trustees and the Shareholders of. Absent material conflicts, the President of the Adviser, in consultation with the Investment Committee, will determine how the Adviser should vote the Proxy in accordance with applicable voting guidelines (see below), taking into account the recommendation of the Portfolio Manager. Indexes are not actively managed and do not reflect deduction for fees, expenses or taxes. As of the end of last year, real estate accounted for 6.3% of ACERA's total 6.3% of the pension fund's total portfolio. Griffin Institutional Access Real Estate Fund A Without Load, Griffin Institutional Access Real Estate Fund A With Load*, Barclays Capital U.S.