Invesco CRE Finance Trust Sells $21.9 Million of Class I Stock, Topping Its Class S-1 Raise

Every class in the November sale was priced off a September 30 net asset value per share that came in below the August 31 figures behind the October sale.

November 9, 2026

Invesco Commercial Real Estate Finance Trust, Inc. sold $21.9 million of Class I common stock on November 2, 2026, more than it raised from its Class S-1 shares in the same monthly sale. The Class S-1 tranche brought in $18.1 million, and a small Class S sale added $56,100.

The trust sold shares in three classes:

• Class I: 878,432 shares at $24.9410 per share, for aggregate consideration of $21,908,994, with no upfront selling commissions.
• Class S-1: 717,906 shares at $24.9801 per share, for aggregate consideration of $18,069,904. The tranche carried $136,528 in upfront selling commissions.
• Class S: 2,211 shares at $24.8655 per share, for aggregate consideration of $56,100, with $1,100 in upfront selling commissions.

In its October 1 share sale, which included no Class S shares, the trust sold $15.5 million of Class S-1 stock and $13.2 million of Class I stock. Class I volume rose from 528,235 shares in October to 878,432 shares in November, while Class S-1 volume rose from 616,841 shares to 717,906.

Lower Per-Share Values

Each class was priced at its net asset value per share as of September 30, 2026, and those values came in below the August 31 figures used to price the October sale. Class S-1 shares moved from $25.0259 to $24.9801, and Class I shares moved from $24.9871 to $24.9410. Of the three classes sold in November, Class S carried the lowest per-share value.

The trust, a perpetual-life REIT sponsored by Invesco that originates and holds commercial real estate loans, sells its shares privately. The November sales relied on the Section 4(a)(2) exemption from registration under the Securities Act of 1933, as they did not involve a public offering, and none of the trust's shares are listed on an exchange.

Earlier this year, the trust reported a net asset value of approximately $1.26 billion as of April 30, 2026.