Invesco Real Estate and UBS Global Wealth Management have acquired their first direct real estate asset for their partnership mandate since its formation in June 2021.
The acquisition is a $174 million multifamily property in Roseland, N.J., reported by IREI newsline earlier this week.
“Invesco is one of the few firms that has a truly global real estate platform with experience investing through multiple market cycles across the full risk-return spectrum,” said R. Scott Dennis, global CEO, Invesco Real Estate. “To have grown this partnership to $625 million within 10 months and created a truly diversified offering across the United States, EMEA and Asia demonstrates the appetite investors have for exposure to private real estate.”
