Clarion Partners acquires The Grand at Spokane, a newly delivered luxury Senior Living community in Washington state. 3 minutes read Franklin Templeton specialty investment manager continues its push into commercial real estate investment in the healthcare sector SAN MATEO, Calif.-(BUSINESS WIRE)-Franklin Templeton, a global investment leader and its specialist investment manager, Clarion Partners, today announced that Clarion Partners has acquired The Grand at Spokane, a newly delivered luxury senior living community and full-continuum senior care facility located in the Spokane, Washington area. The acquisition was made on behalf of one of Clarion's commingled funds and underscores the firm's continued focus on high-quality healthcare and specialized real estate investments in demographically compelling markets. Delivered in 2024 and developed by NexCore Group, The Grand at Spokane (formerly The Gallery at Spokane) is a luxury 137-unit, purpose-built senior care community offering independent living, assisted living, and memory care services. The property is fully licensed and designed to support residents as their care needs evolve, allowing for continuity of care within a single community. The Grand at Spokane features modern construction delivered in a unique architectural design, spacious floor plans, and upscale finishes that distinguish it from older competitive properties in the area. Offering a hospitality-driven experience tailored to discerning residents, the community offers a robust suite of amenities designed to support resident wellness, comfort, and engagement. From contemporary common areas like The Sky Lounge, which serves as a vibrant hub for resident programming, to restaurant-style dining with a culinary program managed by Chef Estevan Ruiz, the spaces are thoughtfully designed for entertainment, comfort and safety. Located in the South Hill area of Spokane, the facility services an affluent submarket characterized by strong household wealth, favorable long-term demographics, and limited new competitive supply. The surrounding area benefits from proximity to major healthcare institutions, neighborhood retail, and established residential communities, making it an attractive option for both residents and their families. The Grand at Spokane will continue to be operated by Stellar Senior Living, the property's incumbent operator. Stellar is a family-owned senior living platform with deep experience across independent living, assisted living, memory care, and skilled nursing communities throughout the Western and Mountain regions of the United States. Stellar manages a diversified portfolio of senior housing communities and is widely recognized for its ability to successfully lease up and reposition newly delivered or underperforming assets. The firm has demonstrated consistent operating performance across its portfolio, supported by a resident-centered care philosophy, strong clinical oversight, and disciplined operational execution. Strategic Alignment "This acquisition reflects our conviction in high-quality healthcare real estate supported by strong operators and favorable long-term demographics," said Julie Robinson, Head of Healthcare at Clarion Partners. "The Grand at Spokane exemplifies the type of asset we seek on behalf of our investors - new construction, located in a supply-constrained market, and operated by a best-in-class partner with a proven track record." Ray Henderson, CEO & President of Stellar Senior Living, adds: "Stellar is very excited to partner with Clarion Partners on The Grand at Spokane. Their investment and commitment to the community align well with Stellar's focus on delivering world-class senior living and strong operational performance. Together, we look forward to supporting residents, families, and team members while continuing to strengthen the community's impact in Spokane." About Clarion Partners Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With over $72 billion in total real estate and debt assets under management as of December 31, 2025, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion Partners is a specialty investment manager of Franklin Templeton. About Franklin Templeton Franklin Resources, Inc. [NYSE:BEN] is a trusted investment partner, delivering tailored solutions that align with clients' strategic goals. With deep portfolio management expertise across public and private markets, The AI Journal Ltd. combine investment excellence with cutting-edge technology. Since its founding in 1947, The AI Journal Ltd. has empowered clients through strategic partnership, forward-looking insights, and continuous innovation - providing the tools and resources to navigate change and capture opportunity. With more than $1.7 trillion in assets under management as of February 28, 2026, Franklin Templeton operates globally in more than 35 countries. Disclaimer Nothing herein constitutes an offer or solicitation of any product or service to any person or in any jurisdiction where such offer or solicitation is not authorized or is prohibited by law.

Clarion acquires dürrholz-based logistics facility. Clarion Partners Europe has acquired a 41,000m^2 (c. 441,320ft^2) logistics facility in Dürrholz, western Germany, on behalf of one of its co-mingled funds. Completed in phases between 2006 and 2019, the single-tenant property is occupied by European B2B tyre distributor Best4Tires on a long-term lease. The facility serves as Best4Tires' primary German storage and distribution facility and includes features such as LED lighting throughout and a BREEAM 'Very Good' rating. The property is located in the wider Koblenz market, within a short drive from the A3 highway, which connects two of Europe's largest economic areas - Rhein-Ruhr and Rhine-Main. Clarion Partners Europe has deployed over €890m (c. £777m) into the German logistics market in the last 36 months on behalf of its co-mingled funds. Clarion Partners Europe managing director, Thorben Schaefer, said: "Logistics Manager has high conviction in its long income programme, which offers long-dated, inflation-linked cash flows and a strong defensive profile. "We anticipate that ongoing macro uncertainty will present further acquisition opportunities across a number of sectors."

Clarion Partners has appointed Tim Olivos and Natalie Wynn as Senior Vice Presidents of Transactions to support its expanding healthcare real estate business. Both executives join from Ventas, bringing extensive industry experience across healthcare property investments. The firm's healthcare platform now totals $3 billion, with approximately $600 million in additional transactions underway. The platform focuses on senior housing, medical office, inpatient rehabilitation and related assets. Olivos, based in Chicago, will concentrate on outpatient medical, inpatient rehabilitation and life sciences. He previously led over $10 billion in acquisitions and development at Ventas. Wynn, stationed in New York, will focus on senior housing after leading over $6 billion in investments at Ventas. The appointments follow recent hires of Managing Director Julie Robinson and Senior Vice President Andrew Wantoch, reflecting Clarion's commitment to the healthcare sector.