The non-traded REIT sold shares across multiple classes in March and April while issuing nearly $9 million in reinvested distribution shares.

April 07, 2026

Invesco Commercial Real Estate Finance Trust, Inc., a Maryland-incorporated emerging growth company based in Dallas, Texas, disclosed two rounds of common stock sales and a series of distribution reinvestment plan issuances that together generated over $97 million in aggregate consideration.

March 2 Share Sales: $50.5 Million

The first round of sales occurred on March 2, 2026, when the company sold shares across four classes of common stock totaling approximately $50.5 million. Class S-1 led the round with roughly 1.1 million shares sold at $25.00 per share, raising about $27.9 million. Class I contributed approximately $22.5 million from nearly 900,000 shares at $24.97 per share. Class S added $151,000 from 5,890 shares, and Class E accounted for $10,000 from 388 shares.

Upfront selling commissions of approximately $180,000 were charged on Class S-1 and Class S shares, while Class I and Class E carried no commissions. Transaction prices were set equal to each class’s net asset value as of January 31, 2026.

April 1 Share Sales: $46.7 Million

The second round closed on April 1, 2026, bringing in approximately $46.7 million across the same four share classes. Class S-1 again dominated with about 1.1 million shares at $24.99 per share, raising approximately $28.3 million. Class I contributed roughly $18.3 million from about 732,000 shares. Class S added $100,000 and Class E brought in approximately $38,700.

Upfront selling commissions totaled about $191,000, again limited to Class S-1 and Class S. Pricing for this round was based on each class’s net asset value as of February 28, 2026.

Distribution Reinvestment Plan Issuances

In addition to the primary share sales, the company issued shares under its distribution reinvestment plan on two dates. On February 11, 2026, approximately 173,300 shares were issued across six classes — S-1, S, D, I, E, and F — with a combined value of roughly $4.4 million. On March 16, 2026, another approximately 177,600 shares were issued across seven classes, including D-1, totaling about $4.5 million. The reinvestment plan issuances collectively accounted for approximately $8.9 million.

All transactions were conducted as unregistered sales of equity securities, exempt from Securities Act registration requirements under Section 4(a)(2) as private offerings. The disclosure was signed by Clifford Stoops, the company’s Chief Accounting Officer.