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Invesco Commercial AG真人官方 Estate Finance Trust, Inc. ("INCREF") Provides $354.6M To Refinance Industrial Portfolio

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Invesco Commercial AG真人官方 Estate Finance Trust (INCREF) has provided $354.6 million in financing to Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group (NYSE: BRDG), for refinancing an industrial portfolio. The portfolio consists of 24 properties totaling 2.45 million square feet across six states including California, Washington, Texas, New Jersey, New York, and Florida. The loan represents a sub-70% loan-to-value ratio and is secured by well-leased, cash-flowing infill industrial properties. This transaction brings INCREF's portfolio to 61 similar loans with over $3.6 billion in loan commitments across the US and Europe, demonstrating their focus on high-quality, income-generating loans in liquid markets.
Invesco Commercial AG真人官方 Estate Finance Trust (INCREF) ha concesso un finanziamento di 354,6 milioni di dollari a Bridge Logistics Properties (BLP), una controllata di Bridge Investment Group (NYSE: BRDG), per il rifinanziamento di un portafoglio industriale. Il portafoglio comprende 24 propriet脿 per un totale di 2,45 milioni di piedi quadrati distribuiti in sei stati: California, Washington, Texas, New Jersey, New York e Florida. Il prestito rappresenta un rapporto loan-to-value inferiore al 70% ed 猫 garantito da propriet脿 industriali ben locate e con flussi di cassa consolidati. Questa operazione porta il portafoglio di INCREF a 61 prestiti simili, con oltre 3,6 miliardi di dollari di impegni di prestito negli Stati Uniti e in Europa, evidenziando il loro focus su prestiti di alta qualit脿 e generanti reddito in mercati liquidi.
Invesco Commercial AG真人官方 Estate Finance Trust (INCREF) ha otorgado un financiamiento de 354.6 millones de d贸lares a Bridge Logistics Properties (BLP), una subsidiaria de Bridge Investment Group (NYSE: BRDG), para refinanciar una cartera industrial. La cartera consta de 24 propiedades que suman 2.45 millones de pies cuadrados en seis estados: California, Washington, Texas, Nueva Jersey, Nueva York y Florida. El pr茅stamo representa una relaci贸n pr茅stamo-valor inferior al 70% y est谩 garantizado por propiedades industriales bien arrendadas y generadoras de flujo de caja. Esta transacci贸n eleva la cartera de INCREF a 61 pr茅stamos similares con m谩s de 3.6 mil millones de d贸lares en compromisos de pr茅stamo en Estados Unidos y Europa, demostrando su enfoque en pr茅stamos de alta calidad y generadores de ingresos en mercados l铆quidos.
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Invesco Commercial AG真人官方 Estate Finance Trust (INCREF) a accord茅 un financement de 354,6 millions de dollars 脿 Bridge Logistics Properties (BLP), une filiale de Bridge Investment Group (NYSE : BRDG), pour le refinancement d鈥檜n portefeuille industriel. Ce portefeuille comprend 24 propri茅t茅s totalisant 2,45 millions de pieds carr茅s r茅partis dans six 脡tats, dont la Californie, Washington, le Texas, le New Jersey, New York et la Floride. Le pr锚t repr茅sente un ratio pr锚t-valeur inf茅rieur 脿 70 % et est garanti par des propri茅t茅s industrielles bien lou茅es et g茅n茅rant des flux de tr茅sorerie. Cette transaction porte le portefeuille d鈥橧NCREF 脿 61 pr锚ts similaires, avec plus de 3,6 milliards de dollars d鈥檈ngagements de pr锚ts aux 脡tats-Unis et en Europe, d茅montrant leur concentration sur des pr锚ts de haute qualit茅 g茅n茅rant des revenus sur des march茅s liquides.
Invesco Commercial AG真人官方 Estate Finance Trust (INCREF) hat Bridge Logistics Properties (BLP), einer Tochtergesellschaft der Bridge Investment Group (NYSE: BRDG), eine Finanzierung in H枚he von 354,6 Millionen US-Dollar f眉r die Refinanzierung eines Industrieportfolios bereitgestellt. Das Portfolio umfasst 24 Immobilien mit insgesamt 2,45 Millionen Quadratfu脽 in sechs Bundesstaaten, darunter Kalifornien, Washington, Texas, New Jersey, New York und Florida. Der Kredit entspricht einem Beleihungswert von unter 70 % und ist durch gut vermietete, einkommensstarke Industrieimmobilien gesichert. Diese Transaktion erh枚ht INCREFs Portfolio auf 61 盲hnliche Kredite mit einem Gesamtvolumen von 眉ber 3,6 Milliarden US-Dollar in den USA und Europa und unterstreicht ihren Fokus auf hochwertige, einkommensgenerierende Kredite in liquiden M盲rkten.
Positive
  • $354.6M refinancing strengthens BLP's logistics investment strategy execution
  • Portfolio spans 24 properties across 2.45M square feet in six major US markets
  • Sub-70% loan-to-value ratio indicates conservative leverage
  • Properties are well-leased and cash-flowing, suggesting stable income generation
Negative
  • None.

Insights

BRDG secured $354.6M refinancing for 24 industrial properties, strengthening its logistics strategy while maintaining conservative leverage.

This $354.6 million refinancing package for Bridge Logistics Properties represents a significant capital markets transaction that strengthens Bridge Investment Group's position in the competitive industrial real estate sector. The deal's structure is particularly noteworthy - as a sub-70% loan-to-value financing, it demonstrates both lender confidence in the portfolio and a conservative approach to leverage that preserves financial flexibility.

The portfolio's geographic diversification across six states (California, Washington, Texas, New Jersey, New York, and Florida) is strategically significant. These markets represent core logistics hubs with strong fundamentals driven by e-commerce growth, supply chain reconfiguration, and last-mile delivery demands. The 2.45 million square foot portfolio's footprint in these markets positions BLP to capitalize on continued industrial demand in supply-constrained coastal markets and high-growth sunbelt regions.

This transaction fits within BRDG's broader logistics investment thesis while demonstrating continued access to institutional capital. The fact that Invesco - a sophisticated institutional lender with $3.6 billion in loan commitments - provided this financing validates the quality of the underlying assets. For investors, this refinancing likely optimizes the capital structure of these assets without overleveraging, providing stability while preserving potential upside as industrial fundamentals remain strong in these key markets.

DALLAS, June 13, 2025听 /PRNewswire/ -- Invesco Commercial AG真人官方 Estate Finance Trust, Inc. ("INCREF"), a perpetual life real estate investment trust (REIT) focused on private credit secured by real estate, has provided $354.6 million in financing to Bridge Logistics Properties ("BLP"), a subsidiary of Bridge Investment Group (NYSE: BRDG), to refinance an industrial assets portfolio.

The portfolio comprises 24 properties, spanning 2,454,761 square feet of industrial assets in California, Washington, Texas, New Jersey, New York, and Florida.

"This financing aligns with INCREF's strategy of originating high-quality, income-generating loans secured by institutional quality assets in what we consider to be the most liquid markets around the US and Europe," said Yorick Starr, Managing Director for Invesco AG真人官方 Estate. "We are deeply appreciative of our relationship borrowers, and Bridge Logistics Properties are exceptional investors and operators in these key logistics markets."

"Each loan we have closed this year has been representative of our consistent focus on the highest quality segment of the floating rate real estate credit market.听 With this closing, the INCREF portfolio now totals 61 like kind loans representing over $3.6 billion of loan commitments across the US and Europe," said Charlie Rose, President and Lead Portfolio Manager of INCREF and Global Head of Credit for Invesco AG真人官方 Estate. "As a sub-70% loan-to-value loan secured by a diversified portfolio of well-leased, cash-flowing infill industrial, this loan is complementary to our existing portfolio of moderate leverage loans made to the highest quality institutional sponsors in the industry."

"This refinancing strengthens our ability to continue executing our logistics investment strategy across core U.S. markets," said Matt Berger, CFO at Bridge Logistics Properties. "We are proud to partner with Invesco in supporting long-term performance for this high-quality portfolio."

About INCREF
Invesco Commercial AG真人官方 Estate Finance Trust, Inc. is private perpetual-life real estate investment trust that originates, acquires, and manages a portfolio of loans secured by commercial real estate (and similar investments) primarily located in North America. INCREF is managed by Invesco Advisers, Inc. (the "Adviser"), a subsidiary of Invesco Ltd. and the registered investment adviser for Invesco AG真人官方 Estate, the real estate investment center of Invesco Ltd. This does not constitute an offer or solicitation to buy or sell any securities. An offering can only be made by the applicable offering memorandum.

About Invesco AG真人官方 Estate
Invesco AG真人官方 Estate is a global leader in the real estate investment management business with $85听 billion in real estate assets under management, 605 employees and 21 regional offices across the听 U.S., Europe and Asia Pacific as of December 31, 2024. With over a 40-year history, Invesco AG真人官方听 Estate invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed听 and direct; locally and globally. Invesco AG真人官方 Estate is a business name of Invesco Advisers, Inc., an听 indirect, wholly owned subsidiary of Invesco Ltd.

About Invesco Ltd.
Invesco is a global independent investment management firm dedicated to delivering an investment听 experience that helps people get more out of life. Our distinctive investment teams deliver a听 comprehensive range of active, passive and alternative investment capabilities. With offices in more听 than 20 countries, Invesco managed $1.8 trillion in assets on behalf of clients worldwide as of March听 31, 2025. For more information, visit invesco.com/corporate.

About Bridge Logistics Properties
BLP is a vertically integrated logistics real estate investment manager led by tenured, multi-disciplinary real estate professionals with experience navigating several economic environments over the past three decades. Its founding members and leadership team employ a disciplined investment strategy that is both cycle-tested and innovative. Founded in 2021, BLP is comprised of industrial real estate veterans with prior tenure at Brookfield, Prologis, IDI Logistics, Duke AG真人官方ty, Hines and KTR Partners.

BLP is a value-focused investment manager that is highly collaborative with its institutional capital partners. Leveraging its deep local relationships and its global operating experience, BLP uncovers and executes on investment opportunities in targeted coastal and gateway markets in the U.S. BLP executes its acquisition and development strategy in a vertically integrated regional structure across four offices located in New Jersey, Atlanta, Dallas and Los Angeles. Its steadfast focus on innovation and sustainable development promotes solutions that are both profitable and socially responsible. For more information, visit BridgeBLP.com.

About Bridge Investment Group
Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $49 billion of assets under management as of March 31, 2025. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. verticals across real estate, credit, renewable energy and secondaries strategies.

Contact: Matthew Chisum | 212-652-4368 | [email protected]

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SOURCE Invesco Commercial AG真人官方 Estate Finance Trust, Inc.

FAQ

What is the size of the refinancing loan provided by INCREF to Bridge Logistics Properties?

INCREF provided $354.6 million in financing to Bridge Logistics Properties for refinancing their industrial portfolio.

How many properties are included in Bridge Logistics Properties' refinanced portfolio?

The refinanced portfolio includes 24 properties spanning 2,454,761 square feet of industrial assets across six states.

What is INCREF's current total loan commitment portfolio?

INCREF's portfolio now totals 61 loans representing over $3.6 billion of loan commitments across the US and Europe.

What is the loan-to-value ratio for the Bridge Logistics Properties refinancing?

The refinancing is a sub-70% loan-to-value loan secured by the industrial portfolio.

Which states are the Bridge Logistics Properties assets located in?

The industrial assets are located in California, Washington, Texas, New Jersey, New York, and Florida.
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