Invesco Real Estate launches U.S. Fund VI, holds $700m first close

Invesco Real Estate has held a first close for Invesco Real Estate U.S. Fund VI.

To date, Fund VI has raised nearly $700 million of its $1.5 billion hard cap from nine U.S. investors. All of Fund VI’s third-party investors are existing Invesco Real Estate clients who have invested previously in the fund series.

Fund VI expects to invest primarily in similar property sectors as previous funds in Invesco Real Estate’s U.S. value-add fund series (industrial, senior housing, affordable multifamily, traditional multifamily, office, life sciences and retail) and to expand investment activities as compared to previous funds in the series to potentially include self-storage, single-family rental and data centers, along with the potential acquisition of subperforming/nonperforming debt and origination of preferred equity and debt investments. Similar to previous funds in the fund series, the geographic focus of Fund VI’s investment activities is expected to be primarily c