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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Clarion Partners
  • Legg Mason Inc.
  • Real Estate Managers
  • January 22, 2016
  • $40 Billion

Seller Details

Clarion Partners, an SEC registered investment adviser and FINRA member firm, has been a leading U.S. real estate investment manager for 33 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC. With approximately $40 billion in total assets under management as of December 2015, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors.

Buyer Details

Legg Mason is a global asset management firm with $671.5 billion in assets under management as of December 31, 2015. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange.

Transaction Summary

The acquisition of Clarion Partners significantly expands Legg Mason's offerings across the alternative asset management category, adding differentiated real estate capabilities. Clarion Partners' management team has signed long term contracts in conjunction with the transaction. Clarion Partners will operate as the primary independent real estate investment affiliate for Legg Mason.  
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