Invesco Commercial Real Estate Finance Trust Secures $354.6 Million for Industrial Portfolio Refinancing

Invesco Commercial Real Estate Finance Trust, Inc. (INCREF), a leading perpetual life real estate investment trust focused on private credit, has taken a significant step in strengthening its financial position by providing $354.6 million in financing to Bridge Logistics Properties (BLP). This funding is aimed at refinancing an extensive portfolio of industrial assets.

Portfolio Overview

The refinancing deal covers a diverse portfolio consisting of 24 properties that encompass a massive 2,454,761 square feet of industrial space across key markets in the United States, including California, Washington, Texas, New Jersey, New York, and Florida. These markets are known for their liquidity and consistent demand, making them prime locations for industrial real estate investment.

According to Yorick Starr, Managing Director for Invesco Real Estate, this financing aligns perfectly with INCREF's strategy of originating high-quality loans backed by institutional-grade assets. He emphasized the importance of their collaborative relationship with borrowers, stating that Bridge Logistics Properties excels as both investors and operators in critical logistics markets.

Strategic Significance

Charlie Rose, President and Lead Portfolio Manager of INCREF, commented on the consistency and quality of their financing approach. He noted that this loan reinforces their portfolio, which now features 61 similar loans with total commitments exceeding $3.6 billion across both the U.S. and Europe. This particular loan is characterized as a sub-70% loan-to-value arrangement secured by a well-diversified portfolio of cash-flowing industrial assets, allowing INCREF to maintain a moderate leverage profile while backing high-quality sponsors in the industry.

Matt Berger, CFO at Bridge Logistics Properties, spoke about the positive impact of this refinancing on their logistics investment strategy. He expressed pride in their partnership with Invesco, which plays a vital role in sustaining the long-term performance of their high-quality portfolio.

About Invesco Commercial Real Estate Finance Trust

INCREF operates as a private, perpetual-life REIT that focuses on originating, acquiring, and managing loans secured by commercial real estate primarily located in North America. It is managed by Invesco Advisers, Inc., which is a subsidiary of Invesco Ltd. Notably, INCREF does not constitute an offer or solicitation for the purchase or sale of any securities, which can only be formally made through relevant offering documents.

About Invesco Real Estate

As a prominent player in the global real estate investment management sector, Invesco Real Estate boasts around $85 billion in assets under management. The firm, which employs over 605 professionals and operates 21 regional offices worldwide, has cultivated a rich history spanning more than 40 years. It invests across various sectors within real estate, moving from core holdings to opportunistic investments, thereby maintaining a flexible and robust portfolio strategy.

About Bridge Logistics Properties

Founded in 2021, Bridge Logistics Properties is a vertically integrated real estate investment manager specializing in logistics real estate. Its leadership team is composed of experienced professionals with extensive backgrounds in navigating various economic cycles. BLP prides itself on its value-focused investment strategy, which seeks out opportunities in vital coastal and gateway markets across the United States. The firm employs a highly collaborative approach with institutional partners, leveraging its regional offices in New Jersey, Atlanta, Dallas, and Los Angeles to execute effective acquisition and development strategies.

Conclusion

As INCREF continues to execute its investment strategy in the logistics sector, this refinancing deal not only reinforces its commitment to fostering high-quality assets but also highlights the solid relationship with Bridge Logistics Properties. Together, they aim to navigate the evolving market landscape, ensuring sustained growth and performance in the logistics real estate segment.