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nvesco Commercial Real Estate Finance Trust, Inc. (INCREF) has provided $354.6 million in financing to Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group (NYSE: BRDG), to refinance an industrial assets portfolio. The 24-property portfolio spans 2.4 million square feet across California, Washington, Texas, New Jersey, New York, and Florida.

    "This transaction aligns with INCREF's strategy of originating high-quality loans secured by institutional quality assets in liquid markets," said Yorick Starr, Managing Director for Invesco Real Estate. "We appreciate our relationship with Bridge Logistics Properties, who are exceptional investors and operators in key logistics markets."

    The loan is a sub-70% loan-to-value secured by a diversified portfolio of well-leased, cash-flowing infill industrial properties. It complements INCREF's existing portfolio of moderate leverage loans made to high-quality institutional sponsors.

    "This refinancing strengthens our ability to execute our logistics investment strategy across core U.S. markets," said Matt Berger, CFO at Bridge Logistics Properties. "We're proud to partner with Invesco in supporting long-term performance for this high-quality portfolio."

    INCREF is a private perpetual-life real estate investment trust that originates and manages loans secured by commercial real estate primarily located in North America. The company has $3.6 billion of loan commitments across the US and Europe, with 61 like-kind loans.

    Invesco Real Estate is a global leader in the real estate investment management business, with $85 billion in assets under management as of December 31, 2024. Bridge Logistics Properties is a vertically integrated logistics real estate investment manager led by experienced professionals with a disciplined investment strategy.