Invesco Self-Storage DST Fully Subscribed – $85.7M

Invesco Real Estate Income Trust Inc. (INREIT), an institutionally managed public non-listed REIT, has announced the successful full subscription of its IREX II Self-Storage Portfolio Delaware Statutory Trust (DST), securing $85.7 million in total investor commitments. 

The IREX II Self-Storage Portfolio DST includes eight institutional-quality self-storage facilities located across Tennessee, Texas, North Carolina, and Oregon. The portfolio comprises 3,894 rental units spanning 463,495 net rentable square feet, providing diversification both geographically and by asset class. 

The transaction aligns with INREIT’s broader strategy of sourcing and managing alternative real estate solutions for tax-advantaged investors seeking 1031 exchange opportunities. As of May 31, 2025, INREIT manages a diversified portfolio valued at approximately $945.3 million across multiple property types and regions. 

“The successful full subscription of IREX II reflects the growing interest among investors that are seeking tax deferral exchanges into institutional quality real estate assets,” said Kyle Connor, director, private markets and lead 1031 exchange specialist, Invesco Real Estate. 

Chase Bolding, president and lead portfolio manager at INREIT, emphasized the resilience and income potential of the sector: “The self-storage sector requires minimal ongoing capital expenditure and has demonstrated resiliency across market cycles. The successful completion of the IREX II offering demonstrates the confidence from investors looking for tax-advantaged solutions.” 

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