Franklin Templeton specialty investment manager acquires three inpatient rehabilitation facilities on behalf of fund investors
Franklin Templeton, a global investment leader and its specialist investment manager, Clarion Partners, today announced Clarion Partners Real Estate Income Fund Inc.’s (NASDAQ: CPREX) acquisition of three healthcare real estate properties across Texas, Florida, and Colorado. The acquisitions reflect Clarion’s continued focus on high‑quality healthcare real estate supported by durable demographic tailwinds, mission‑critical tenancy, and long‑term income visibility.
The investments further diversify the CPREX portfolio by geography, tenant, and healthcare sub‑sector, while complementing the Fund’s existing exposure across industrial, residential, and alternative real estate. The newly acquired assets include:
- Denton Medical – Denton, TX (Dallas – Fort Worth MSA)
This 38,000‑square‑foot medical office and inpatient rehabilitation facility is located within a dense medical corridor and directly adjacent to an affiliated major hospital campus. The property is 100% leased on a long-term basis to a leading health system. - PAM Health Rehabilitation Hospitals – Venice, FL and Greeley, CO
This two-property portfolio consists of newly constructed, purpose‑built inpatient rehabilitation facilities totaling approximately 103,000 square feet. They are 100% leased on a long-term basis to a national post-acute care provider.
“Collectively, these properties provide exposure to essential healthcare infrastructure in markets benefiting from population growth, aging demographics, and proximity to established hospital systems,” said CPREX Portfolio Manager Rick Schaupp. “All three properties are fully leased to reputable health systems and providers, supporting long-term stability and income durability.”
Clarion Head of Healthcare Julie Robinson adds, “These acquisitions reflect our continued commitment to building a diversified healthcare real estate platform anchored by high‑quality assets in strong markets. These medical buildings play a critical role in the healthcare delivery ecosystem benefitting from the ongoing shifts in care delivery.”
