- Invesco Real Estate Income Trust (INREIT), subsidiary of Invesco ( NYSE: IVZ ), announced two self-storage portfolio acquisitions consisting of five properties located in Bend, Oregon and Clarksville, Tennessee.
- The combined purchase price was $42M, bringing INREIT's self-storage portfolio to $128M+.
- These investments mark the fourth and fifth self-storage transactions for INREIT, which continues to scale in the sector across growth markets nationally.
- Two single-story, drive-up self-storage properties were acquired in Bend, Oregon; while three single-story, drive-up self-storage properties were purchased in Clarksville.
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Invesco subsidiary INREIT acquired two self-storage portfolios for $42M