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nvesco Real Estate, a $88 billion global real estate investment platform, significantly accelerated its lending activity in 2024 with loan commitments totaling $3 billion across 45 unique loans in North America and Europe. Multifamily and industrial sectors dominated the group's transactions, accounting for 96% of deals.
"We've navigated market cycles for over 40 years, expanding into new sectors and geographies to uncover attractive opportunities," said Bert Crouch, Head of North America at Invesco Real Estate. "We're pleased to reach this milestone, reflecting our platform's strength, deep borrower relationships, and Invesco's commitment to innovation in real estate finance."
In the fourth quarter alone, the team closed $1 billion in loan commitments across 15 floating-rate senior loans in North America and one whole loan facility in Europe. Notably, seven loans were secured by industrial properties, five by multifamily properties, and four cross-collateralized loans by self-storage properties.
"Our approach remains grounded in our key principles: a focus on clients, people, and credit-over-yield mandate," said Charlie Rose, Global Head of Credit at Invesco Real Estate. "Our expertise across the capital structure, sectors, and regions informs our investment strategy, with multifamily and industrial rising to the top as the most attractive property types in 2024."
Since launching its dedicated real estate credit platform in 2017, Invesco Real Estate has committed $18 billion in capital across over 252 transactions in North America and Europe. The team's originations represented a 215% year-over-year increase in investment activity, with loan origination volume increasing sequentially for four consecutive quarters.
Notable 2024 loan highlights include:
* A €272 million floating-rate senior loan for the refinancing of three prime logistics warehouses in Barcelona, Paris, and Bristol.
* A $260.5 million industrial credit facility consisting of five cross-collateralized loans with properties in CA, NV, and IL.
* A $175.9 million floating-rate senior loan for the acquisition of an 8-property portfolio spanning 2 million square feet of highly functional industrial assets.
Invesco Real Estate is a global leader in real estate investment management, with $88 billion in real estate assets under management as of September 30, 2024. The company invests across the risk-return spectrum, from core to opportunistic, and has a 40-year history of delivering value to clients worldwide.
