DJIA51538.47 188.49
S&P 5007725.61 21.48
NASDAQ27014.77 75.39
Russell 20002836.07 0.49
German DAX25396.22 129.69
FTSE 10010696.17 16.18
CAC 408077.80 -3.63
EuroStoxx 506297.20 24.25
Nikkei 22566364.20 850.21
Hang Seng24510.09 -251.04
Shanghai Comp3888.37 -48.15
KOSPI7080.92 63.01
Bloomberg Comm IDX144.57 -1.37
WTI Crude-fut98.88 -1.08
Brent Crude-fut91.63 -2.66
Natural Gas3.21 -0.07
Gasoline-fut3.23 -0.09
Gold-fut4316.30 8.10
Silver-fut64.49 0.29
Platinum-fut1782.20 14.00
Palladium-fut1265.00 -10.00
Copper-fut6.77 0.00
Aluminum-spot3195.00 0.00
Coffee-fut279.70 3.10
Soybeans-fut1315.25 -1.25
Wheat-fut698.25 -7.50
Bitcoin83907.07 -280.34
Ethereum USD2694.28 11.46
Litecoin69.78 -1.31
Dogecoin0.10 0.00
EUR/USD1.1378 -0.0009
USD/JPY158.89 0.60
GBP/USD1.3219 -0.0022
USD/CHF0.8288 0.0038
USD IDX100.94 -0.32
US 10-Yr TR5.187 0.025
GER 10-Yr TR3.5919 -0.0313
UK 10-Yr TR5.3587 -0.007
JAP 10-Yr TR3.08 -0.002
Fed Funds4 0
SOFR3.88 0.01
High-rise commercial buildings

Sub Markets

Topics

Alternative Assets  + Real Estate  | 
Invesco Lends $354.6M to Bridge Logistics 

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. 

Connect

Inside The Story

Invesco Commercial Real Estate Finance Trust, Inc. Bridge Investment Group

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.