Fundraising - JUNE 10, 2014

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Invesco launches fourth U.S. value-add fund

by Reg Clodfelter

Dallas-based Invesco Real Estate has launched Invesco U.S. Value-Add Fund IV with a $500 million fundraising goal, according to a filing with the SEC.

The value-added fund is seeking $500 million in equity and is reportedly targeting a 14 percent return by investing across property types in the United States, focusing on office purchases of $20 million and up and other property types that are at least $10 million.

Its predecessor, Invesco Real Estate Fund III, closed in July 2013 after raising $343 million in commitments.

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