Invesco Real Estate’s partnership with Jera Asset Management will enable the JV to acquire up to $ 3 billion in assets over the next three to five years
Charlottesville, Virginia and DALLAS, June 14, 2021 / PRNewswire / – Invesco Real Estate, Global Real Estate Investment Manager, and Jera Asset Management (Jera), a national real estate investment firm specializing in net lease properties to quality credit tenants, have formed a strategic joint venture. Mercury Trust to take advantage of strong industrial markets.
The Mercury Trust received almost $ 500 million assets throughout the country that were acquired or under a contract to acquire in the near future. Invesco Real Estate, on behalf of an institutional client, has made significant commitments to invest in future acquisitions through the Mercury Trust. Mercury Trust also received a total of credit line $ 675 million for current and future acquisitions.
“The newly formed joint venture between Mercury Trust and Invesco Real Estate is a landmark event for all of us at Jera,” explains Jera Managing Partner David Kay. “Our team has been in the clean rental business for decades and was one of the first in the industrial sector. This venture continues our strategy of partnering with world-class institutions that not only provide us with financial support, but also allow us to be leaders. in branch “.
Carrington Guy, Managing Partner of Jera, said: “We are very excited about our partnership with Invesco Real Estate and the future opportunities offered by the Mercury Trust. Taken together, Invesco’s reputation as one of the world’s leading investment managers and a leader in commercial real estate, our ability to initiate industrial asset acquisitions and manage portfolios will significantly expand the Mercury Trust. ”
“We are delighted to enter into this partnership with Jera through the Mercury Trust and look forward to further development of the relationship,” commented Greg Kraus, Managing Director and Head of Transactions Department, Invesco Real Estate. “We share Jera’s positive view of industrial space and the opportunities this sector presents.”
About Mercury Trust
The Mercury Trust is a REIT that owns industrial assets that are leased net to investment grade and high quality non-investment grade companies throughout the country. The Mercury Trust specializes in distribution centers, logistics and cold storage facilities, and other industrial sites. It is managed externally through the Jera Asset Management joint venture and a separately managed Invesco Real Estate account. For more information visit www.mercurytrust.com
About Invesco Real Estate
Invesco Real Estate is a global leader in real estate investment management with $ 83.2 billion in real estate under management, 588 employees and 21 regional offices in the USA, Europe as well as Asia (as of March 31, 2021). Since 1992, Invesco Real Estate has been actively investing in basic, complementary and profitable real estate strategies. Invesco Real Estate is a trade name of Invesco Advisers, Inc., an indirect subsidiary of Invesco Ltd., wholly owned by Invesco Ltd., Invesco Ltd. an independent investment management firm dedicated to providing investment experiences that help people get more out of life. NYSE: IVZ; www.invesco.com…
About Jera Asset Management, LLC
Jera Asset Management, LLC. (a subsidiary of Jera Partners) is a commercial real estate investment firm specializing in real estate that is leased out as a net lease to quality credit tenants. With over 50 years of combined experience and $ 50 billion real estate transactions between his principals, David Kay as well as Carrington Guy… Jera Asset Management is committed to identifying, implementing and managing opportunities that create long-term value for its partners and investors through sound investment, management and high quality service. For more information visit www.jerapartners.com…
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SOURCE Jera Asset Management, LLC