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Invesco Real Estate Income Trust Inc. Acquires Industrial And Grocery-Anchored Retail Properties

Feb 18, 2022•almost 4 years ago

Acquiring Company

Invesco Real Estate

Acquired Company

Grocery-Anchored

Real EstateFinancial Services

Description

Invesco Real Estate Income Trust Inc. ("INREIT"), an institutionally managed public non-listed REIT, announced today the acquisition of an industrial property and a grocery-anchored retail property. The combined purchase price was $94 million, bringing the gross assets of the INREIT portfolio to more than $850 million.

Company Information

Company

Invesco Real Estate

About

Invesco Real Estate is a global leader in the real estate investment management business with $87.0 billion in real estate assets under management, 597 employees and 21 regional offices across the U.S., Europe and Asia Pacific (as of September 30, 2021). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1983. Invesco Real Estate is the real estate investment center of Invesco Ltd., an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.NYSE: IVZ; www.invesco.com. Contact: Jamie Braverman, jamie.braverman@invesco.com, 212-278-9630 SOURCE Invesco Real Estate Income Trust Inc.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed