Invesco Real Estate Income Trust Inc. Closes Successful IREX II Self-Storage Portfolio DST

Strategic Insights -

Invesco Real Estate Income Trust Inc. ("INREIT") has announced the successful full subscription of IREX II Self-Storage Portfolio Delaware Statutory Trust (DST), raising $85.7 million in aggregate. The IREX II Self-Storage Portfolio DST consists of eight self-storage properties diversified in four states (TN, TX, NC, and OR) with 3,894 total rental units across 463,495 of net rentable square feet. This acquisition reflects the growing interest among investors seeking tax deferral exchanges into institutional quality real estate assets.

Key Takeaways:

  • The IREX II Self-Storage Portfolio DST raised $85.7 million in aggregate, demonstrating investor confidence in the self-storage sector.
  • The portfolio consists of eight self-storage properties across four states, totaling 3,894 units and 463,495 of net rentable square feet.
  • INREIT has a diversified asset portfolio with a total asset value of $945.3M as of May 31, 2025.
  • The self-storage sector has demonstrated resiliency across market cycles, making it an attractive investment opportunity.
  • IREX II offered a compelling solution for investors seeking to defer capital gains and other taxes while diversifying real estate holdings.
  • INREIT's thematic approach to investing focuses on where people consume, live, innovate, and connect, highlighting the company's commitment to understanding emerging trends.
  • The company expects to diversify its portfolio over time, including on a global basis, indicating a long-term investment strategy.

Statistics:

  • $85.7 million: The aggregate amount raised by the IREX II Self-Storage Portfolio DST.
  • 8: The number of self-storage properties in the portfolio.
  • 4: The number of states in which the property is located (TN, TX, NC, and OR).
  • 3,894: The total number of rental units across the portfolio.
  • 463,495: The total net rentable square feet in the portfolio.
  • $945.3M: The total asset value of INREIT as of May 31, 2025.
  • $85 billion: The total real estate assets under management by Invesco Real Estate as of December 31, 2024.

Sources:

  • [Source: Invesco Real Estate](Source: Invesco Real Estate).
  • [Source: NCREIF Property Index (NPI) as of June 30, 2024](Source: Invesco Real Estate using data from NCREIF Property Index (NPI) as of June 30, 2024).
  • [Source: Invesco Real Estate Income Trust Inc.](Source: Invesco Real Estate Income Trust Inc.).