Invesco Real Estate Income Tru

Dallas, May 23, 2022 /PRNewswire/ — Invesco Real Estate Income Trust Inc. (“INREIT”), an institutionally managed, public unlisted REIT, announced today that it has acquired a controlling interest in Always Roseland, a 384,648-square-foot garden-style multifamily community with 360 units in 30 two-story buildings, following a partial sale to a subsidiary. The property is located at 28 Nob Hill Road in Rosenland, New Jersey and it is 95% leased. This acquisition is part of a joint venture with Skylight Real Estate Partners (“Skylight”), a regional, privately held real estate investment firm focused on multi-family investments and development.

“As the future of work transforms the traditional office commute, we continue to see strong demand for affordable, low-density multifamily housing close to the city core. Additionally, Roseland is a desirable community with fairly high barriers to new development and aligns with our multifamily investment strategy,” said R. Scott DennisPresident and Chief Executive Officer of INREIT.

year of construction 1980, Always Roseland is one of the largest apartment buildings in County of West Essex submarket. A subsidiary of Skylight had owned the property in a joint venture since 2017. Through the recapitalization of the asset, Invesco and Skylight will continue the unit’s renovation program, including upgrading the common areas and outdoor space. Skylight will also act as property manager Always Roseland.

Always Roseland is a well-functioning property with a variety of value-add strategies to unlock,” said Andreas Mueller, founding partner at Skylight Real Estate Partners. “We have started renovating units and building a supply center, which has helped modernize the building. We share the same vision as our partners at Invesco in continuing the transformation Always Roseland back to his Premier status.”

This investment expands INREIT’s multi-family portfolio into the Northeast United States. The transaction also establishes a relationship with new partner Skylight. This transaction was advised by JLL Capital Markets Debt Advisory Team and funded by US Bank. The JLL Capital Markets debt advisory team was led by Michael Klein, Matthew Pizzolato, John Rose and Gerald Quinn.

For more information on this investment and other INREIT properties, please visit

Invesco Real Estate Income Trust Inc. (“INREIT“) is an institutionally managed, public, unlisted monthly NAV REIT Investing in a diversified portfolio of quality, income producing properties spread throughout The United States. His thematic investment approach focuses on where people consume, live, innovate and connect. INREIT strives to invest in real estate with reliable potential for income and appreciation. INREIT expects to diversify its portfolio over time, including on a global basis. INREIT is managed by Invesco Advisers, Inc., a subsidiary of Invesco ltd and the Registered Investment Advisor for Invesco Real Estate, the real estate investment center of Invesco ltd For more information about INREITplease visit

About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business $91.8 billion in real estate assets under management, 582 employees and 21 regional offices in the USA, Europe and Asia Pacific (away December 31, 2021). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1983. Invesco Real Estate is the real estate investment center of Invesco Ltd., an independent investment management firm dedicated to providing an investment experience that helps people get more out of life. NYSE: IVZ;

About Skylight Real Estate Partners
Skylight Real Estate Partners is a privately held real estate investment firm with extensive experience in the acquisition, development and management of residential and commercial properties new York, New JerseyWashington DC., central u South Florida. The team’s management platform focuses on three complementary investment strategies: Value, Development and Distressed Opportunities. The founding partners have been investing together since 1998 $5.5 billion of equity in assets of over 16 billion dollars the gross asset value. This experience spans over 9,000 residential units and 20 million square feet of office and retail properties. Skylight offers its investors, tenants and partners deep market knowledge, long-standing relationships and institutional thinking, driven by a motivated and deeply experienced leadership team with a proven track record. Learn more about Skylight Real Estate Partners at

About JLL
JLL is a leading service company specializing in real estate and investment management. JLL is shaping the future of real estate for a better world, using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our employees and our communities. JLL is a Fortune 500 company with annual sales of $16.6 billionOffices in over 80 countries and a global workforce of more than 95,000 September 30, 2021. JLL is the brand name and registered trademark of JonesLang LaSalle Built-in. For more information, see

Contact: Jamie Braverman, [email protected]212-278-9630

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SOURCE Invesco Real Estate Income Trust Inc.

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