Invesco Real Estate and Jera Asset Management has announced the formation of a strategic joint venture, Mercury Trust, to take advantage of the strong industrial markets. Mercury Trust will be based in Charlottesville, VA.

Mercury Trust was seeded with nearly $500 million of assets throughout the country that have been acquired or are under contract to be acquired in the near future. Invesco Real Estate, on behalf of an institutional client, made a significant equity commitment for investment in future acquisitions through Mercury Trust.  Mercury Trust has also obtained a credit facility totaling $675 million for current and future acquisitions.

“The newly formed Mercury Trust joint venture with Invesco Real Estate is a momentous occasion for all of us at Jera,” said David Kay, Managing Partner at Jera. “Our team has been in the net-lease industry for decades and were early to the industrial sector. This venture continues our strategy of partnering with world-class institutions that not only give us financial backing but scale that will enable us to be a leader in the industry.”