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National  + Student Housing  | 
Bixby Kennesaw student housing Kennesaw GA rendering courtesy Gilbane Building Company

Invesco REIT Expands National Holdings in Student Housing, Industrial and Storage

Invesco Real Estate Income Trust Inc. (INREIT) acquired six properties in the student housing, industrial and self-storage sectors. The total purchase price is approximately $165 million, bringing the gross assets of the non-listed REIT’s portfolio to more than $500 million. 

“There is strong demand and a favorable outlook for student housing, industrial and self-storage, and we believe these sectors will continue to perform well,” said R. Scott Dennis, president and CEO for Dallas-based INREIT. “INREIT remains nimble, which allows us to execute on our best ideas within our highest conviction sectors.” 

Among INREIT’s acquisitions are the following: 

  • A 98% interest in Bixby Kennesaw, a 179-unit student housing facility in Kennesaw, GA.  
  • A 95% interest in an industrial property located in Meridian Business Park in the Chicago suburb of Aurora, IL. 
  • A self-storage property at 300 South Loop East in Houston. INREIT also acquired three self-storage properties located throughout Salem, OR. 

Pictured: Bixby Kennesaw, courtesy of Gilbane Building Company.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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