$1.6T investment management giant, Invesco Ltd., betting on Office comeback by seeing ‘How Much We Can Extract’ from REITs

  • 5/29/2024

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A $1.6T investment management giant is looking to buy into the office market as owners with maturing, lower-interest loans struggle to pay them off. Invesco is planning to inject capital into office properties, specifically in REITs, and is seeking more aggressive returns by offering double-digit annual interest rates, stronger covenants on high-yield debt and step-up payments if REITs get slashed to junk status, Invesco Head of North American Investment Grade Credit Matt Brill said on Bloomberg Intelligence’s Credit Edge podcast on May 23.

Invesco Ltd. (NYSE: IVZ)
Matt Brill, CFA | Head of North American Investment Grade Credit

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