Invesco Commercial Real Estate Finance Trust Inc., a perpetual life real estate investment trust focused on private credit secured by real estate, declared gross distributions for each class of its common stock in the amount of $0.31 for Classes D, I, E, and F. Class S and Class S-1 were subject to servicing fees that reduced those distributions to $0.3098 and $0.2924, respectively.
The gross distributions reflected a distribution of $0.16 per share for the month of September and a special distribution of $0.15 per share. The distributions were payable to stockholders of record immediately following the close of business on Sept. 30, 2024, and will be paid on or about Oct. 16. These distributions will be paid in cash or reinvested in shares of the REIT’s common stock for stockholders participating in its distribution reinvestment plan.
In other activity, the REIT’s board of directors approved the authorization, designation, and offering of Class D-1 common stock to be sold pursuant the company’s ongoing continuous private offering. In connection with the Class D-1 Shares, the board also approved the second amended and restated distribution reinvestment plan, which became effective on Aug. 20, and includes certain updates reflecting the issuance of Class D-1 Shares.
Over the summer, the REIT reported the closure of six loan transactions. These transactions increased the company’s aggregate loan originations to 22 loans totaling $1.4 billion in committed capital. Its portfolio includes 17 multifamily and five industrial loans, all secured by commercial real estate.
Invesco Commercial Real Estate Finance Trust Inc. is a continuous private offering exempt from the registration provisions of the U.S. Securities and Exchange Commission. It is managed by Invesco Advisers Inc., a subsidiary of Invesco Ltd. and the registered investment adviser for Invesco Real Estate, the real estate investment center of Invesco Ltd.
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