LMP Real Estate Income Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is high current income and the Fund's secondary objective is capital appreciation. The Fund invests at least 90% of its total assets in income-producing common shares, preferred shares, convertible preferred shares (preferred shares that, upon the passage of time or the happening of certain events, automatically convert into common shares) and debt securities issued by real estate companies, including real estate investment trusts (REITs). At least 80% of the Fund's total assets will be invested in income-producing securities issued by REITs. It may invest approximately 60% to 80% of its total assets in common shares issued by real estate companies and 20% to 40% of its total assets in preferred shares, including convertible preferred shares, issued by real estate companies. Legg Mason Partners Fund Advisor, LLC is the investment manager.