IREX IV Industrial Portfolio

Top1031 lists IREX IV Industrial Portfolio as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Probably not. Invesco Real Estate Income Trust announced on May 12, 2026 that the IREX IV Industrial Portfolio DST offering was fully subscribed, raising $94 million in gross proceeds. The most recent Form D amendment on EDGAR was filed March 10, 2026, before that announcement, so the public filing record does not reflect the completed raise. If you are mid-exchange, confirm current availability with the sponsor or your registered representative before identifying the Trust.

Three industrial properties totaling 537,947 net rentable square feet across Florida and North Carolina, reported 100% occupied in the sponsor's May 12, 2026 release. Two are identified by street address: 6485 Buckhorn Industrial Parkway in Mebane, North Carolina, and 3800 Crossroads Parkway in Fort Pierce, Florida — the 211,547-square-foot Interstate Commerce Center, which JLL reported sold to Invesco Real Estate in September 2025. The third building is described as being in Concord, North Carolina; its street address and tenant are not stated in public filings, and purchase prices for the individual buildings are not public.

The named occupants are STIHL Inc., Artisan Design Group and Cameron Ashley, with STIHL associated with Mebane and Cameron Ashley with Fort Pierce; public materials do not map every tenant to every building. An offering summary for this Trust reports the properties are 100% master-leased to a special-purpose master tenant wholly owned by Invesco REIT Operating Partnership LP, which subleases to the occupants, and INREIT's May 11, 2026 prospectus supplement states the applicable master lease is guaranteed by that operating partnership. In practice, the Trust's rent arrives from a sponsor affiliate rather than directly from the businesses using the buildings. Lease expirations, renewal options and the rent schedule are set out in the PPM, the private placement memorandum governing the offering.

SEC filings for this Trust do not address debt one way or the other. An offering summary published by Baker 1031 Investments for this exact Trust describes it as all-cash, with no in-place financing and no lender. That matters in a 1031 exchange because an investor who carried a mortgage on the relinquished property generally must replace that debt or offset it with additional cash. No primary filing confirms the debt-free structure, so verify the financing section of the PPM before relying on it.

That path exists at the sponsor's election. INREIT's prospectus supplement dated May 11, 2026 states that the Operating Partnership holds a discretionary fair-market-value purchase option, exercisable after two years from the applicable DST offering's closing, to acquire investor interests for OP Units or cash — the mechanics behind a 721/UPREIT exit, in which a real property interest is swapped for units in a REIT's operating partnership and becomes a security. The option is discretionary and belongs to the Operating Partnership, not the investor. The trust agreement and PPM govern how it works.

Several items. The Concord, North Carolina building's street address and tenant are not disclosed; individual purchase prices and closing dates for the three buildings are not public; property-level lease expirations and renewal options do not appear in the filings; and no Form D amendment has been filed on EDGAR after March 10, 2026 to record the completed raise. Those details live in the PPM and the sponsor's offering materials.