Invesco Real Estate Income Trust Fully Subscribes $85.7 Million DST Offering
Invesco Real Estate Income Trust Inc., a publicly registered non-listed real estate investment trust that invests primarily in stabilized, income-oriented commercial real estate in the United States, has fully subscribed IREX II Self-Storage Portfolio DST. The Delaware statutory trust offering raised $85.7 million in aggregate.
The IREX II Self-Storage Portfolio DST, which launched in October 2024, consists of eight self-storage properties diversified in four states – North Carolina, Oregon, Tennessee, and Texas – and 3,894 total rental units across 463,495 of net rentable square feet.
“The successful full subscription of IREX II reflects the growing interest among investors that are seeking tax deferral exchanges into institutional quality real estate assets,” said Kyle Connor, director, private markets and lead 1031 exchange specialist at Invesco Real Estate.
“We’re pleased to help investors retain their real estate exposure through IREX II, while potentially benefiting from a suite of tax advantages and estate planning opportunities,” he added.
The asset was sourced by Invesco Real Estate Income Trust Inc., or INREIT, which had a total asset value of $945.3 million as of May 31, 2025.
“The self-storage sector requires minimal ongoing capital expenditure and has demonstrated resiliency across market cycles. The successful completion of the IREX II offering demonstrates the confidence from investors looking for tax-advantaged solutions,” said Chase Bolding, president and lead portfolio manager of Invesco Real Estate Income Trust.
IREX II Self-Storage Portfolio DST allowed qualified investors to complete a like-kind exchange of property under Internal Revenue Code Section 1031. According to the company, the 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.
Invesco Real Estate had $85 billion in real estate assets under management, 605 employees, and 21 regional offices across the United States, Europe, and Asia Pacific as of Dec. 31, 2024. The company invests across the risk return spectrum from core to opportunistic, equity and debt, listed and direct, and locally and globally. With offices in more than 20 countries, Invesco managed $1.8 trillion in assets on behalf of clients worldwide as of March 31, 2025.
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