- Medical facilities
- Nursing homes
Progress with Purpose
This year we are producing our seventh Annual Impact Report. In preparation of the report, we have been reflecting on our shared journey from the launch of the fund to our now mature portfolio of impactful assets.
Our reflections revealed that, throughout the life of our strategy, we have remained optimistic but not content, proud of our successes but humbled by the challenges ahead and steadfastly focused on delivering on our dual return mandate through ever-evolving market conditions.
Raymond J. Jacobs
Managing Director,
Franklin Real Asset Advisors
John G. Levy, CFA, CAIA
Managing Director, Impact
Franklin Real Asset Advisors
What is Social Infrastructure?
Social Infrastructure is real estate that maintains and strengthens social services.
Healthcare
Education
- Primary and secondary schools
- Further education and universities
Housing
- Social and affordable housing
- Student and public servant housing
Justice and Emergency
- Court houses
- Police and fire stations
Civic
- Community & local government facilities
Our commitment:
Nine values guide our approach to
impact investing
Realistic and material positive contributions
We seek to make a realistic and material contribution towards impact through investment and active ownership.
Measurable impact
Each investment must have measurable impacts.
System of measurement
We have a robust system for gathering and monitoring impact metrics.
Alignment to standards
We align our investment process with industry standards, including the United Nation’s Sustainable Development Goals (SDGs), the Sustainable Finance Disclosure Regulation (SFDR) Article 9, Impact Frontiers’ Five Dimensions of Impact, the Operating Principles for Impact Management and the Global Real Estate Sustainability Benchmark (GRESB).
Engagement and validation
We conduct site visits and engage with investees for real-time and transparent impact validation.
Oversight
Our advisory committee is responsible for periodic reviews.
Continuous improvement
We are committed to the continuous improvement of our impact-management process.
Thought leadership
We disseminate ideas and best practices through thought leadership participation at conferences and events.
Shared lessons
We share lessons learned with investors and other impact-investment practitioners.
Why choose our Social Infrastructure Strategy
We've taken the initiative with a strategy that addresses social and environmental challenges while offering the prospect of a market-rate return. Capital growth potential is underpinned by long-term, stable, inflation-linked cash flows.
The key differentiators of our strategy are its dual return objective, a diversified portfolio and its proprietary impact approach.
A Strategy with a Dual Return Objective
Opportunity to generate financial returns and have a positive social and environmental impact in the community
A Well-Balanced Pan-European Portfolio
Highly diversified portfolio across geography, sector, tenant, asset strategy and lease expiry
Proprietary Impact Management Framework
Impact integrated into each stage of the investment process through tools and frameworks based on best practices for impact management
Our Real Estate Portfolio
We invest across the main social infrastructure sectors, with a focus on healthcare, education and housing assets. With regards to geography, we invest across Europe, with a focus on the eurozone.
During 2025, the strategy completed the acquisitions of a mental health clinic in Paris, a university in Toulouse, a care home portfolio in France and a large care home portfolio in the United Kingdom. These new acquisitions added further portfolio diversification to a portfolio that now holds 33 individual or portfolio investments across over 75 locations in eight countries.
33
Individual portfolio investments
75+
locations
8
Countries
Impact Approach
The current portfolio has assets that aim to directly and materially contribute to the following SDG targets:
Annual Impact Report
Our seventh Annual Impact Report underscores our unwavering commitment to managing and measuring impact to the highest standards. The summary version contains:
- An overview of our impact management and measurement approach
- Top-level portfolio metrics including the latest net zero pathways
- Example impact evaluations for both an asset and a Sustainable Development Goal.
Download the Report
Resources
This disclosure describes Franklin Templeton’s alignment with the Impact Principles.
Operating Principles for Impact Management
Social infrastructure assets are defined as the properties where social services are provided to local communities.
Sourcing and Management Expertise Across Multiple Market Cycles
Franklin Real Asset Advisors (FRAA) is a premier real asset investment manager with a proven record of global investing spanning core, non-core and impact strategies. We are a rising leader in impact investing. Our disciplined investment process serves as a foundation for the successful implementation of a wide range of strategies, and drives strong outcomes for client.
1984
Date Established
4
Offices
New York, London, Frankfurt, Luxembourg
3
Strategies
Core, Non-Core and Impact Real Estate
Dedicated European Team
Franklin Real Asset Advisors (FRAA) have been investing in social infrastructure since 2005. We have a dedicated team managing social infrastructure assets across Europe:
Raymond J. Jacobs
Managing Director,
Franklin Real Asset Advisors
Louise Evans
Director, Asset Management
Franklin Real Asset Advisors
John G. Levy, CFA, CAIA
Managing Director, Impact
Franklin Real Asset Advisors
Gaston Brandes
Managing Director
Franklin Real Asset Advisors
Klaus Schmid
Managing Director, Acquisitions
Franklin Real Asset Advisors
Latest News
Important Information
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. All investments involve risks, including possible loss of principal. There is no guarantee that a strategy will meet its objective. Performance may also be affected by currency fluctuations. Reduced liquidity may have a negative impact on the price of the assets. Currency fluctuations may affect the value of overseas investments. Where a strategy invests in emerging markets, the risks can be greater than in developed markets. Where a strategy invests in derivative instruments, this entails specific risks that may increase the risk profile of the strategy. Where a strategy invests in a specific sector or geographical area, the returns may be more volatile than a more diversified strategy.
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