Invesco Commercial Real Estate Finance Trust (INCREF), a perpetual life REIT focused on private credit secured by real estate, announced that it closed its inaugural $1.2 billion managed commercial real estate collateralized loan obligation (CRE CLO), INCREF 2025-FL1, on May 7, 2025.
The CRE CLO is structured by Morgan Stanley with bookrunning support from Barclays, Citigroup and Wells Fargo, and is secured by a portfolio consisting of approximately 55 percent multifamily and 45 percent industrial loans.
INCREF is a monthly NAV nonlisted REIT managed by Invesco Advisers. The Invesco real estate platform is a large, active alternative lending program that leverages a property-first and “credit-over-yield” mandate when partnering with borrowers.
