Invesco, UBS partnership reaches $625m and expands to U.S. multifamily sector

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.”