Invesco Real Estate Income Trust (INREIT), an institutionally managed public non-listed REIT, announced it has fully subscribed IREX II Self-Storage Portfolio Delaware Statutory Trust (DST), which raised $85.7 million in aggregate.
The IREX II Self-Storage Portfolio DST consists of eight self-storage properties diversified in four states (Tennessee, Texas, North Carolina, and Oregon) and 3,894 total rental units across 463,495 of net rentable square feet. The asset was sourced by Invesco Real Estate Income Trust, which has a $945.3 million total asset value as of May 31, 2025, diversified by geography and property type.
“The successful full subscription of IREX II reflects the growing interest among investors that are seeking tax deferral exchanges into institutional quality real estate assets,” said Kyle Connor, director, private markets and lead 1031 exchange specialist, Invesco Real Estate.
Chase Bolding, president and lead portfolio manager, INREIT, said
