The Real Deal New York

Invesco’s NYC spree

The Dallas-based firm did seven big deals in 2012 and shows no sign of slowing down now

February 05, 2013 10:00AM
By Jeremy Herron

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Greg Kraus

From the February issue: Institutional investors have long coveted New York real estate, but as with most aspects of life in the city, the rules here are different. Prices are generally higher and deals move quickly, making it difficult for newcomers to break into the market. But some outside real estate firms have cracked the code. Just ask Invesco Real Estate. Two years ago, the Dallas-based investment firm had effectively no presence in New York City. Since then, however, Invesco has been involved in a dozen deals here worth about $2 billion. And it is planning to transact deals worth up to $1.5 billion this year. [more]

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