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Jera Asset Management, Invesco Form Industrial Real Estate JV

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.”


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Invesco Real Estate

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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