Invesco Real Estate Income Trust Completes $87 Million DST Offering Successfully

Invesco Real Estate Income Trust Inc. has reached a significant milestone by fully subscribing its IREX III Industrial Portfolio Delaware Statutory Trust (DST). Launched in May 2025, this offering attracted impressive interest, raising $87 million in gross proceeds.

The IREX III Industrial Portfolio consists of three fully occupied industrial properties located across two states: Ohio and Illinois. With a total of 795,825 net rentable square feet, these assets are 100% leased, showcasing the Trust's ability to secure reliable tenant occupancy in a competitive market.

According to Kyle Connor, Director of Private Markets and Lead Specialist for 1031 Exchanges at Invesco Real Estate, the strong interest in IREX III highlights a growing inclination among investors towards passive, tax-deferred investment strategies. This offering presents a promising pathway for investors to maintain their real estate exposure while benefiting from tax and estate planning advantages. Investors are continually seeking efficient strategies to manage their gains, and IREX III offers a compelling solution.

Chase Bolding, President of Invesco Real Estate Income Trust and Head of North America, noted that the Midwest industrial market has demonstrated healthy performance in terms of occupancy and rent growth. The diversified industrial portfolio not only serves to meet investor demand but also aims to create potential tax benefits for those involved in the exchange process.

One of the standout features of the IREX III Industrial Portfolio DST is its alignment with Internal Revenue Code Section 1031, which allows qualified investors to defer capital gains taxes through a like-kind exchange of properties. This presents a strategic method for potential investors looking to explore tax deferment while ensuring a diversified portfolio of institutional-quality assets.

Invesco’s approach emphasizes a thematic investment strategy focused on popular consumption, livability, innovation, and community connection. This thematic investment strategy allows INREIT to identify assets with strong income reliability and appreciation capacity. Investors can rest assured knowing they are gaining access to an asset controlled within a professional management environment.

As of October 31, 2025, the total asset value managed by Invesco Real Estate Income Trust stood at approximately $1 billion, reflecting the Trust’s solid foundation in the market and the strategic growth facilitated through offerings like IREX III.

Invesco Real Estate Income Trust Inc. operates under the auspices of Invesco Advisers, Inc., a well-established subsidiary of Invesco Ltd. With extensive experience and reach, Invesco Real Estate is recognized globally for its leadership in real estate investment management, overseeing a portfolio valued at approximately $87.2 billion as of June 30, 2025. The company prides itself on a disciplined approach to investing, encompassing a diverse range of real estate assets targeted for optimal performance.

Invesco Ltd.’s overall asset management capabilities reinforce its position amongst the world's leading investment management firms, addressing the financial needs of clients across over 120 countries.

This successful subscription of the IREX III Industrial Portfolio DST not only signals confidence in Invesco's strategic direction but underscores the growing trend among investors towards seeking diverse, tax-efficient alternatives in their real estate investments. As this asset class continues to evolve, Invesco stands ready to provide innovative solutions that meet the complex demands of today’s investors.

About Invesco Real Estate
Invesco Real Estate is dedicated to the management of real estate investments, offering clients a tailored experience in asset management, driven by insight, informed strategies, and a commitment to service excellence.

Contact Information
For additional inquiries, please reach out to:
Matthew Chisum | 212-652-4368
Brianna Stokes | 212-323-4588

This publication is for informational purposes only and does not represent an offer to sell or a solicitation for any securities.