Invesco Real Estate Income Trust Inc. Fully Subscribes $94 Million DST Offering
IREX IV Industrial Portfolio DST consists of three industrial properties across two states –
"IREX IV underscores a broader shift in how investors are approaching real estate ownership amid changing market dynamics," said
The assets were sourced by Invesco Real Estate Income Trust Inc., or INREIT, which had a total asset value of
"The Southeast region has continued to experience healthy population and job growth, including
IREX IV Industrial Portfolio DST allowed qualified investors to complete a like-kind exchange of property under Internal Revenue Code Section 1031. This offering presented a compelling solution to aid in the deferment of capital gains and other taxes while providing the opportunity to diversify real estate holdings through the ownership of an institutional-quality asset.
About INREIT
Invesco Real Estate Income Trust Inc. ("INREIT") is an institutionally managed public non-listed monthly NAV REIT investing in a diversified portfolio of high quality, income producing properties located throughout the
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with
About Invesco Ltd.
Invesco Ltd. is one of the world's leading asset management firms with 8,300 employees helping clients in more than 120 countries. With
No Offer of Securities
This press release shall not be deemed an offer to sell, or a solicitation of an offer to purchase, any securities.
1 Class A refers to higher-quality industrial buildings within the respective market, typically characterized by modern construction specifications, newer vintage, strategic market location, and higher building functionality.
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SOURCE Invesco Real Estate Income Trust Inc.
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