
Invesco Lends $354.6M to Bridge Logistics
Invesco Commercial Real Estate Finance Trust, Inc. (INCREF) has extended $354.6 million in financing to Bridge Logistics Properties, a subsidiary of Bridge Investment Group, to refinance a 24-property industrial portfolio totaling over 2.45 million square feet. The properties are located across key logistics markets in California, Washington, Texas, New Jersey, New York, and Florida.
“This financing aligns with INCREF’s strategy of originating high-quality, income-generating loans secured by institutional quality assets in what we consider to be the most liquid markets around the US and Europe,” said Yorick Starr, managing director for Invesco Real Estate.
The loan is secured by a diversified portfolio of well-leased, cash-flowing infill industrial assets and carries a sub-70% loan-to-value ratio. “This loan is complementary to our existing portfolio of moderate leverage loans made to the highest quality institutional sponsors in the industry,” added Charlie Rose, president and lead portfolio manager of INCREF and global head of credit for Invesco Real Estate.
