Invesco value-add US property fund in talks to complete $440m deals | News
Invesco Real Estate is planning to invest $440m (€381.7m) in eight deals on behalf of its latest US value-add fund, according to Fresno County Employees’ Retirement Association’s meeting document.
According to the document, the Invesco Real Estate US Fund VI fund is currently in talks to make a $90m equity investment into the Cascade property in Seattle and also plans to invest $40m in a property in San Francisco.
Invesco is also planning to invest $75m of equity in a portfolio of cold storage assets in various locations. Other industrial deals in the pipeline include a $22m equity investment in San Antonio, a $40m equity investment in Phoenix and a $17m equity investment for a property in Salt Lake City.
The manager disclosed in the meeting document that it is in discussions to make a $75m equity investment in single-family rental assets in various locations and plans to…