IVZ - Mergers and acquisitions

AVANTA Residential is pleased to announce the closing of an $8 million preferred equity investment for the development of Boardwalk Village, marking the company's second preferred equity investment. This investment underscores Avanta's commitment to supporting the growth of the Build-to-Rent industry while reinforcing its strategic focus on preferred equity investing. Boardwalk Village will include 203 high-quality patio homes to meet the growing demand in the area. Strategically located 30 miles from downtown Houston and just north of the Woodlands, the community will benefit from access to the amenities of both areas via I-45. In addition, Boardwalk Village is in the Conroe Independent

AVANTA Residential is pleased to announce the successful closing of a $10.6 million preferred equity investment for the development of Ridgeline Vista Townhomes, marking the company's first preferred equity investment. This significant investment underscores AVANTA's commitment to expanding its geographic footprint in the build-to-rent (BTR) sector with this project in Brighton, Colorado. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241024473972/en/Ridgeline Vista Townhomes, Brighton, CO. (Photo: Business Wire) Ridgeline Vista Townhomes will include 116 high-quality town homes to meet the growing demand in the area. Strategical

AVANTA Residential (the "Company'), a private real estate firm focused exclusively on the Build-To-Rent (BTR) industry, announced a new preferred equity investment program designed to meet the capital needs of today's BTR sponsors, investors, and borrowers. Through its preferred equity investment program, AVANTA is looking to partner with qualified sponsors to finance ground-up developments, acquisitions, and recapitalizations. "The elevated interest rate environment coupled with changes in both debt and equity capital markets have created a need for high leverage preferred equity in the BTR space. Despite these challenges, certain sponsors continue to identify viable investment opportu

DALLAS, May 14, 2024 /PRNewswire/ -- Invesco Commercial Real Estate Finance Trust, Inc. ("INCREF"), a perpetual life real estate investment trust (REIT) focused on private credit secured by real estate, announced today that it has closed six loan transactions year-to-date, totaling $499.2 million in committed loans for multifamily properties situated in well-performing submarkets. These transactions increase INCREF's aggregate committed loans since inception to 16 loans totaling approximately $1.2 billion. "INCREF remains committed to originating loans that benefit borrowers and its portfolio alike," said Bert Crouch, Chief Executive Officer of INCREF and Head of North America for Invesco R

DALLAS, July 7, 2022 /PRNewswire/ -- Invesco Real Estate Income Trust Inc. ("INREIT"), an institutionally managed, public non-listed REIT, announced today two self-storage portfolio acquisitions consisting of five properties located in Bend, Oregon and Clarksville, Tennessee. The combined purchase price was $42 million, bringing INREIT's self-storage portfolio to over $128 million. "Self-storage continues to be a strategic sector for INREIT given the ability to increase cash flow relatively quickly," said R. Scott Dennis, President and Chief Executive Officer for INREIT. "These properties exhibit strong demand and are well-located in their respective markets. We look forward to providing qua

DALLAS, April 27, 2022 /PRNewswire/ -- Invesco Real Estate Income Trust Inc. ("INREIT"), an institutionally managed, public non-listed REIT, announced today it acquired a 100% interest in a 52,275 square foot, 491-unit self-storage facility located at 3975 University Parkway in Winston-Salem, North Carolina. Developed in 2008, the climate-controlled property is 99.1% leased and located less than 1.5 miles away from Wake Forest University. Winston-Salem has a growing population and is home to the headquarters of notable corporations, including Hanes Brands, Krispy Kreme Doughnuts, and Lowes Foods. "In today's capital market environment, self-storage assets with strong demand fundamentals are

DALLAS, Feb. 18, 2022 /PRNewswire/ -- Invesco Real Estate Income Trust Inc. ("INREIT"), an institutionally managed public non-listed REIT, announced today the acquisition of an industrial property and a grocery-anchored retail property. The combined purchase price was $94 million, bringing the gross assets of the INREIT portfolio to more than $850 million. "There continues to be strong demand for the industrial sector, which is benefiting from both secular and cyclical tailwinds. Investing in industrial properties is a strategic objective for INREIT and we are committed to finding the best ideas within the sector," said R. Scott Dennis, President and Chief Executive Officer for INREIT. "We c

DALLAS, Jan. 4, 2022 /PRNewswire/ -- Invesco Real Estate Income Trust Inc. ("INREIT"), an institutionally managed public non-listed REIT, announced today it acquired a 13-story, 384-unit (833-bed) student housing facility located at Arizona State University. Developed in 2017, the property is 100% leased for the current academic year and a less than five-minute walk to campus. "We are excited to acquire a high quality, 100% occupied student housing property at one of the nation's largest universities, and in a high-growth market like Tempe," said R. Scott Dennis, President and Chief Executive Officer for INREIT. "There continues to be strong demand for the student housing sector, and we are

BRONX, N.Y., Dec. 13, 2021 /PRNewswire/ -- Fairstead, a purpose-driven, vertically integrated real estate company committed to sustainable development and the creation and preservation of high-quality housing, and Invesco Real Estate, a global real estate investment manager, today announced the companies have acquired 1,904 affordable units across 48 buildings and 2.3 million square feet in the Bronx in what is the largest deal of its kind in New York this year by both portfolio and investment size. "Fairstead is committed to creating high-quality, sustainable housing, and an

DALLAS, Sept. 27, 2021 /PRNewswire/ -- Invesco Real Estate Income Trust Inc. ("INREIT"), an institutionally managed public non-listed REIT, announced today the acquisition of six properties in the student housing, industrial and self-storage sectors. The total purchase price is approximately $165 million, bringing the gross assets of the portfolio to more than $500 million. "There is strong demand and a favorable outlook for student housing, industrial and self-storage, and we believe these sectors will continue to perform well," said R. Scott Dennis, President and Chief Executive Officer for INREIT. "INREIT remains nimble, which allows us to execute on our best ideas within our highest conv