Invesco: IREX IV Industrial Portfolio DST
Investment Overview
The Invesco Real Estate Exchange Program is offering up to 100% of the Class I beneficial interests in IREX IV Industrial Portfolio DST (the "Trust"), which indirectly owns a portfolio of three industrial assets (the "Offering). These properties, located in Fort Pierce, FL, Concord, NC, and Mebane, NC, are strategically located, modern, functional industrial buildings. They are situated in growth-oriented markets with strong tenant demand, institutional-quality infrastructure, and excellent regional connectivity. The stabilized properties offer significant potential for income growth through below-market rents, and long-term tenancy.
Offering Strengths
Low fee structure: some credit rated tenants. Invesco is a top-tier institutional asset manager.
Offering Weaknesses
IREX is a newer DST sponsor and INREIT has a limited track record. Some leases set to expire in the first 4-5 years of the DSTs life. No mention of reserves in the Use of Proceeds table.
Key Facts
Sponsor: Invesco
Structure: Delaware Statutory Trust (DST)
Location(s): Florida, North Carolina
Property Type(s): Industrial
Assumable Loan: None; All-Cash
Estimated Hold Period: 2 Years
Key Features
1031 Exchange: Yes
721 Exchange/UPREIT: Yes; Investor Required
Cash-Out Refinance: No
Income Guarantee: Yes; Full
Distribution Forecast
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Investor Cash Flow | 4.33% | 4.33% | Sold | Sold | Sold | Sold | Sold | Sold | Sold | Sold |
Sponsor Overview
Invesco is an independent global investment management firm dedicated to delivering an investment experience that helps people get more out of life. Great ideas transcend borders at Invesco. With 8,000+ employees worldwide and an on-the-ground presence in 25 countries, we’re driven by a pure focus on investment, broad diversity of thought across our organization, and a passion to exceed. If you're looking for challenging work, smart colleagues, and a global employer with a high-performance culture, we invite you to explore your potential at Invesco.