Latest Invesco Real Estate Income Trust Activity Generates Liquidity, Redeploys Capital

During the month ended Dec. 31, 2024, Invesco Real Estate Income Trust Inc. acquired an industrial portfolio in Lumberton, N.J., for $61.5 million. It also disposed of three properties for a total sales price of $130.2 million. These dispositions included two self-storage properties in Salem, Ore., and a student housing property in Kennesaw, Ga.

The company, a publicly registered non-traded real estate investment trust, invests primarily in stabilized, income-oriented commercial real estate in the United States.

According to the REIT, the latest transactions, alongside other notable acquisitions in the second half of 2024, such as: International Business 4535, an industrial warehouse in the Cabarrus County submarket of the Charlotte, N.C., metropolitan statistical area; and Elan at Bluffview apartments in Dallas, Texas, demonstrate its ability to generate liquidity within its existing portfolio, as well as redeploy capital into high-conviction sectors like industrial and multifamily.

The company reported that its aggregate net asset value minimally decreased in value by nearly 0.1% month-over-month. The NAV was approximately $624.5 million at the close of December 2024 and $625.1 million at the end of November 2024.

The transaction price for each class of common stock for subscriptions accepted as of Feb. 1, 2025 (and repurchases as of Jan. 31) is as follows:

Class T shares had a NAV per share of $26.6218, compared to $26.7516 the previous month, a decrease of 0.49%.

Class S shares had a NAV per share of $26.6770, compared to $26.8033 the previous month, a decrease of 0.47%.

Class D shares had a NAV per share of $26.6401, compared to $26.7692 the previous month, a decrease of 0.48%.

Class I shares had a NAV per share of $26.7738, compared to $26.9029 the previous month, a decrease of 0.48%.

Class E shares had a NAV per share of $28.3371, compared to $28.4430 the previous month, a decrease of 0.37%.

Shares were originally priced at $25.00 each. The REIT had approximately 22.7 million shares outstanding at the end of December.

The REIT launched its public offering, which seeks to raise up to $3 billion, in May 2021. The first follow-on offering commenced on Nov. 12, 2024, and as of Jan. 13, 2025, the company had sold $2.2 million worth of common stock shares in its primary offering and $0.4 million worth of common stock shares pursuant to its distribution reinvestment plan. Based on the REIT’s prior filing regarding the initial offering as of Nov. 11, 2024, the company had sold $212.2 million worth of common stock shares in its primary offering and $3.3 million worth of common stock shares pursuant to its distribution reinvestment plan.

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