Richard Schaupp is an equity owner and Managing Director with Clarion Partners and leads the Portfolio Management teams for a number of client accounts, including the Clarion Partners Real Estate Income Fund (CPREIF) and Clarion Value Qualified Opportunity Zone Partners (CV QOZP). As lead Portfolio Manager, Rick has overall responsibility for the management and portfolio strategy of these relationships. From 2005-2012, Rick was the assistant portfolio manager for the Clarion Ventures series and a separate account relationship. Rick has participated in the acquisition, asset management, and development
management of over $4.0BN of real estate.

Rick originally joined Clarion Partners in 2000 and began working in the real estate industry in 1995.

* Hidalgo and Company, White Plains, NY - Vice President (2003-2005)
* ING Clarion Partners, New York, NY - Vice President (2000-2003)
* Cooper, Robertson, & Partners, New York, NY - Senior Urban Designer (1995-1998)

Rick holds an M.B.A in Finance and Public Economics from Yale University, and a B.Arch from University of Notre Dame.