Invesco Raises $97.6M for Carolinas Real Estate Portfolio

Invesco Real Estate Income Trust Inc. has raised $97.6 million in gross proceeds for a Delaware statutory trust that holds two properties in the Carolinas. The offering, IREX V Diversified Portfolio DST, launched in April 2026 and is now fully subscribed.

The portfolio includes a mixed-use office and retail property and an industrial property, with one asset in North Carolina and the other in South Carolina, totaling 353,257 net rentable square feet. Invesco reported 98.7% occupancy across the portfolio.

Invesco Real Estate Income Trust sourced both properties. The REIT reported $1.5 billion in total asset value as of Sept. 30.

“We believe the Southeast remains an attractive region for real estate investment, supported by continued population and employment growth in leading markets like Charlotte and Columbia,” said Chase Bolding, president of Invesco Real Estate Income Trust and head of North America for Invesco Real Estate.

IREX V is the REIT’s largest DST raise to date and continues a steady series of offerings, including IREX II, a self-storage portfolio that raised $85.7 million in 2025; IREX III, an industrial portfolio that raised $87 million in December 2025; and IREX IV, another industrial portfolio that raised $94 million in May.