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High-rise commercial buildings

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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. 

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Inside The Story

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

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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