Invesco Real Estate Income Trust, an institutionally managed public non-listed REIT, has fully subscribed its IREX III Industrial Portfolio DST that launched in May 2025. The Delaware statutory trust offering raised $87 million in gross proceeds.
IREX III Industrial Portfolio DST consists of three industrial properties diversified across two states — Ohio and Illinois — and are 100 percent occupied across 795,825 of net rentable square feet.
The assets were sourced by Invesco Real Estate Income Trust, or INREIT, which had a total asset value of $1 billion as of Oct. 31, 2025.
IREX III Industrial Portfolio DST allowed qualified investors to complete a like-kind exchange of property under Internal Revenue Code Section 1031. This offering presented a compelling solution to aid in the deferment of capital gains and other taxes while providing the opportunity to diversify real estate holdings through the ownership of an institutional-quality asset.
