
Invesco’s INCREF Closes $1.2B CRE CLO
Invesco Commercial Real Estate Finance Trust Inc. (INCREF) has closed a $1.2 billion managed commercial real estate collateralized loan obligation (CRE CLO), expanding its private credit platform.
The transaction, INCREF 2026-FL2, closed on June 16 and marks the perpetual-life REIT’s second CRE CLO issuance, following the successful completion of its inaugural $2025-FL1 transaction in May 2025.
Structured by Citigroup Global Markets Inc., the securitization is backed by a diversified portfolio of floating-rate commercial real estate loans. Multifamily assets comprise approximately 65% of the collateral pool, followed by industrial properties at 30%, office at 3%, and self-storage at 2%.
“This transaction reflects the strength of our global real estate platform and ability to leverage deep capital markets and credit expertise to deliver innovative real estate finance solutions,” said Scott Dennis, CEO of Invesco Private Markets.
Charlie Rose, chief executive officer of INCREF and Global Head of Credit for Invesco Real Estate, said the transaction demonstrates the continued growth of the firm’s real estate credit platform and its ability to deploy capital across the commercial real estate lending market.
The REIT is managed by Invesco Advisers Inc., a subsidiary of Invesco Ltd.
