{"id":1004135487,"date":"2016-01-25T06:58:32","date_gmt":"2016-01-25T14:58:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135487"},"modified":"2022-12-06T06:45:43","modified_gmt":"2022-12-06T14:45:43","slug":"legg-mason-diversifies-revenues-with-clarion-partners-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/","title":{"rendered":"Legg Mason Diversifies Revenues with Clarion Partners Buy"},"content":{"rendered":"<p>By Scott Baltic, Contributing Editor<\/p>\n<div id=\"attachment_1004135494\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004135494\" data-attachment-id=\"1004135494\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/legg-mason\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"legg mason\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg?w=800\" class=\"wp-image-1004135494 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg\" alt=\"legg mason\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004135494\" class=\"wp-caption-text\">Legg Mason headquarters at the Baltimore Inner Harbor. Photo credit: Benoit Syxx, Flickr<\/p><\/div>\n<p>Clarion Partners referred to it as getting a \u201cnew majority financial partner,\u201d while Legg Mason simply said that it will acquire a majority equity interest in Clarion Partners. Either way, for an estimated $585 million, Legg Mason, a global asset management firm with $671.5 billion in AUM as of Dec. 31, has bought itself a very significant entree into the CRE world. Legg Mason is the 21st-largest asset manager as ranked by worldwide assets, according to Pensions &amp; Investments, and this transaction marks the company&#8217;s interest in diversifying through acquisitions. In addition to this deal, last week Legg Mason acquired a minority equity stake in\u00a0Precidian Investments, a firm specializing in developing ETFs, Pensions &amp; Investments reported.<\/p>\n<p>Clarion\u2019s previous majority partner, Lightyear Capital, will sell its entire ownership stake to Legg Mason as part of the transaction, which is expected to close in the second quarter. (Earlier this month, CPE reported on the <a href=\"https:\/\/www.commercialsearch.com\/news\/rumors-of-deal-between-legg-mason-and-clarion-heat-up\/\" target=\"_blank\" rel=\"noopener\">rumors<\/a>\u00a0that Legg Mason and Clarion Partners had been working on a deal for some weeks and the subsequent <a href=\"https:\/\/www.commercialsearch.com\/news\/breaking-news-legg-mason-buys-clarion-partners\/\" target=\"_blank\" rel=\"noopener\">announcement<\/a> of the deal.)<\/p>\n<p>Clarion Partners, which invests exclusively in real estate strategies across the Americas, will join Legg Mason as one of its independent investment management affiliates. A \u201csignificant number\u201d of Clarion Partners\u2019 management team reportedly have signed long-term contracts in conjunction with the transaction.<\/p>\n<p>Headquartered in New York and with about $40 billion in AUM, Clarion Partners also has offices in Atlanta, Boston, Dallas, London, Los Angeles, S\u00e3o Paulo, Seattle and Washington, D.C.<\/p>\n<p>\u201cClarion, with a focus on strong performance through market cycles, a positive growth profile and differentiated product offerings, brings an important alternative asset class to our portfolio of investment managers,\u201d said Legg Mason Chairman and CEO Joe Sullivan.<\/p>\n<p>\u201cClarion is a world-class investment firm that has consistently delivered attractive performance across a number of strategies for its clients,\u201d Sullivan told CPE. \u201cThis business will diversify Legg Mason\u2019s assets and revenue stream to benefit our shareholders.\u201d<\/p>\n<p>\u201cIn fact,\u201d he added, \u201cClarion\u2019s asset base is highly and unusually diversified in and of itself, within the context of the real estate industry.\u201d (Clarion Partners manages investments across a broad range of real estate sectors, including office, industrial, retail, residential and hotel.)<\/p>\n<p>He concluded that, \u201cWhen you look at the fundamentals in commercial real estate, the supply-demand curve, increasing institutional allocations to real estate, and burgeoning retail and foreign demand, we see the potential for continued growth of their business.&#8221;<\/p>\n<p>Clarion Partners was advised by Morgan Stanley &amp; Co. LLC, King &amp; Spalding and Davis Polk &amp; Wardwell LLP, and the senior management team was advised by Grail Partners. RBC Capital Markets and Azrack &amp; Co. served as financial advisors to Legg Mason.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Legg Mason&#8217;s $585 million purchase of Clarion Partners &#8220;will diversify Legg Mason\u2019s assets and revenue stream to benefit our shareholders,&#8221; according to the company&#8217;s CEO.<\/p>\n","protected":false},"author":882,"featured_media":1004135494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,23891,21742],"tags":[],"class_list":["post-1004135487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Legg Mason Diversifies Revenues with Clarion Partners Buy - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legg Mason Diversifies Revenues with Clarion Partners Buy\" \/>\n<meta property=\"og:description\" content=\"Legg Mason&#039;s $585 million purchase of Clarion Partners &quot;will diversify Legg Mason\u2019s assets and revenue stream to benefit our shareholders,&quot; according to the company&#039;s CEO.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-25T14:58:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T14:45:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Legg Mason Diversifies Revenues with Clarion Partners Buy\",\"datePublished\":\"2016-01-25T14:58:32+00:00\",\"dateModified\":\"2022-12-06T14:45:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/\"},\"wordCount\":481,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/legg-mason.jpg\",\"articleSection\":[\"Deals\",\"Featured\",\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/\",\"name\":\"Legg Mason Diversifies Revenues with Clarion Partners Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/legg-mason.jpg\",\"datePublished\":\"2016-01-25T14:58:32+00:00\",\"dateModified\":\"2022-12-06T14:45:43+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/legg-mason.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/legg-mason.jpg\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/legg-mason-diversifies-revenues-with-clarion-partners-buy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Legg Mason Diversifies Revenues with Clarion Partners Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/scott-baltic\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Legg Mason Diversifies Revenues with Clarion Partners Buy - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/","og_locale":"en_US","og_type":"article","og_title":"Legg Mason Diversifies Revenues with Clarion Partners Buy","og_description":"Legg Mason's $585 million purchase of Clarion Partners \"will diversify Legg Mason\u2019s assets and revenue stream to benefit our shareholders,\" according to the company's CEO.","og_url":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-01-25T14:58:32+00:00","article_modified_time":"2022-12-06T14:45:43+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/"},"author":{"name":"Scott Baltic","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"headline":"Legg Mason Diversifies Revenues with Clarion Partners Buy","datePublished":"2016-01-25T14:58:32+00:00","dateModified":"2022-12-06T14:45:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/"},"wordCount":481,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg","articleSection":["Deals","Featured","National","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/","url":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/","name":"Legg Mason Diversifies Revenues with Clarion Partners Buy - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg","datePublished":"2016-01-25T14:58:32+00:00","dateModified":"2022-12-06T14:45:43+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg","width":800,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/legg-mason-diversifies-revenues-with-clarion-partners-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Legg Mason Diversifies Revenues with Clarion Partners Buy"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/legg-mason.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004135487"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135487\/revisions"}],"predecessor-version":[{"id":1004619044,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135487\/revisions\/1004619044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004135494"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004135487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004135487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004135487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}