**Invesco Provides $355M Loan to Bridge Logistics for Nationwide Industrial Portfolio**
Invesco Commercial Real Estate Finance Trust, Inc. (INCREF) has announced a $354.6 million financing package for Bridge Logistics Properties, a subsidiary of Bridge Investment Group. The funding will be used to refinance a diversified portfolio of industrial assets totaling over 2.45 million square feet. The 24-property portfolio spans several key logistics markets including California, Washington, Texas, New Jersey, New York, and Florida.
“This financing aligns with INCREF’s strategy of originating high-quality, income-generating loans secured by institutional-quality assets in what we consider to be the most liquid markets around the U.S. and Europe,” said Yorick Starr, Managing Director for Invesco Real Estate. “We are deeply appreciative of our relationship borrowers, and Bridge Logistics Properties are exceptional investors and operators in these key logistics markets.”
Charlie Rose, President and Lead Portfolio Manager of INCREF and Global Head of Credit for Invesco Real Estate, added, “As a sub-70% loan-to-value loan secured by a diversified portfolio of well-leased, cash-flowing infill industrial, this loan is complementary to our existing portfolio of moderate leverage loans made to the highest-quality institutional sponsors in the industry.”
Pictured: A Bridge Logistics property located in Newark, California.
