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Invesco Plans to Exceed Last Year’s Commercial Real Estate Transaction Activity Topping $11B


By Jon Peterson

Dallas-based Invesco Real Estate is expecting to have a very active year in 2022 investing in properties across the country, including the West Coast. Overall, it plans to beat last year’s closed acquisitions.

“Invesco expects 2022 transaction activity to exceed the $11 billion [that] we closed in 2021. Developing logistics assets for long-term hold core accounts and selling for higher returning strategies will be a big part of our activity this year,” said Max Swango, managing director and global head of client portfolio management with Invesco Real Estate.

The real estate manager will be looking to invest in a variety of strategies and property types. “We will continue to invest across the risk/return spectrum from core to opportunistic, in equity and credit opportunities,” said Swango.

The investments planned by Invesco will include a multitude of property types. “Storage, dry, cold, self and data, residential led by multi & single-family, affordable and student housing are in favor with demographic and secular tailwinds also driving opportunities in healthcare and life science sectors,” said Swango.

Invesco’s plans will not leave behind some traditional property types in which it has invested in the past, however that will be driven primarily by market dynamics and tenant demand. “We will stay invested in retail and office assets positioned for strong demand from tenants in markets leading our post-crisis economy,” said Swango.

Invesco has been an active manager in many of the West Coast markets over the past 18 months. In the San Francisco Bay Area this has included markets like Fremont, Berkeley and Alameda. The property types it has been active with has included industrial, office, life science and apartments.

Its activity in a market in the Seattle area has involved a mixture of traditional and non-traditional property types. Some examples of this would be office buildings, apartments and self-storage in both Seattle and Bellevue.

Invesco has been an investor in both developments and existing assets in Southern California. This has included industrial, apartments and office in markets like Westlake Village and San Diego.

Atlanta-based Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life, according to the firm’s web site. The company manages over $1.6 trillion in assets on behalf of clients worldwide as of Dec. 31, 2021.