Loan originations at Invesco Real Estate jumped 112% year-over-year in the first half of 2026 as the investment management giant rides a rebound in transaction volume to $3.2B in global loan commitments.
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The debt is made up of 33 floating-rate senior loans for assets in North America and Europe, the company disclosed Thursday. That is just three more loans than the investment management giant underwrote during the same period a year prior.
Activity was bolstered by strong demand from existing customers during what Charlie Rose, Invesco Real Estate’s head of credit, said was the first year of a five-year, $3T loan maturity cycle.
"In this environment, we are seeing borrowers seek out certainty of execution, flexibility, and a partnership based approach to through-cycle lending," he said in a news release.
Multifamily and industrial assets make up 93% of year-to-date loan commitments, and Atlanta-based Invesco noted a strong uptick in activity in Europe.
The largest deal disclosed by Invesco Real Estate, which has $86B in assets under management and 21 offices on three continents, was a $459M, two-loan, floating-rate package to refinance 19 industrial properties in the northeastern U.S. Invesco Real Estate’s parent has more than $2.5T in assets under management.
It also provided roughly $400M across two loans to a single borrower to cover two industrial portfolios with a combined 4.3M SF in Germany, the Netherlands and the UK. It underwrote at least four other loans for more than $100M, including for a 564-unit build-to-rent project in England, an industrial outdoor storage portfolio, a high-rise apartment tower and a 299-unit multifamily property.
Invesco is following the crowd of capital piling into real estate debt in 2026, with the CBRE Lending Momentum Index, which tracks the pace of CBRE-originated loan closings over a rolling 36-month period, reaching its highest level since 2021 in the first quarter.
Alternative lenders like Invesco and mortgage REITs made up for 53% of nonagency loan closings in the first quarter, up from 19% of transaction volume a year prior. The asset class has become especially popular for private credit investors looking to hedge or cut their bets on the ongoing boom in financing for artificial intelligence firms.
