Real Estate Credit Over Yield at Invesco – Charlie Rose (EP.519)

Invesco's real estate credit arm avoids data center lending as too binary and AI-correlated, favoring relationship-sourced industrial and multifamily loans.

• Avoiding data centers: Invesco Real Estate Credit deliberately won't lend on data centers despite attractive yields, citing binary single-tenant risk and unclear functional obsolescence in 5-20 years.
• Credit over yield: The firm's core philosophy prioritizes higher-quality sponsors, lower leverage, and better covenants over chasing proceeds or pricing, since downside protection matters more than optimizing yield.

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