IREX IV Industrial Portfolio
3 industrial properties in 2 states · sponsored by Invesco Real Estate Exchange
IREX IV Industrial Portfolio is a DST sponsored by Invesco Real Estate Exchange that owns 3 industrial properties in 2 states. Its latest Form D, filed Mar 10, 2026, lists a $93.9 million offering.
Key facts
- Minimum investment
- Not in the Form DFrom the Form D
- Offering size
- $93,978,495Equity offered, per the Form D
- Sold so far
- Form D, Mar 10, 2026; the % is our arithmetic85.2%
- Investors reported
- Form D, Mar 10, 202659
- Selling commissions
- Form D Item 15; the % is our arithmetic$5,638,710 · 6.0% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Can I still invest?
No new interests: the offering is reported fully subscribed.
By Top1031’s calculation from the latest Form D, filed Mar 10, 2026, 85.2% of the offering had sold.
Other Invesco Real Estate Exchange offerings on record
- IREX V Diversified Portfolio DST$250,000 minimum · $97,634,409 offeringActive offering · latest Form D Oct 13, 2026
Availability changes without a filing. The sponsor or a registered representative can confirm what is open.
Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.
Ask a 1031 specialist about this recordFree. About: IREX IV Industrial Portfolio. Top1031 is not a broker-dealer.No photo on record. Multiple property locations are on record; no single map.
What does IREX IV Industrial Portfolio own?
The Trust's buildings sit at 3800 Crossroads Parkway in Fort Pierce, Florida; at 6485 Buckhorn Industrial Parkway in Mebane, North Carolina; and at an unnamed address in Concord, North Carolina. JLL announced on September 29, 2025 that it had sold the 211,547-square-foot Interstate Commerce Center at the Fort Pierce address to Invesco Real Estate, though no filing names this Trust as buyer. No purchase price or closing date appears in the public record.
- Reported location
- Multi-state (2)
- Property size
- 537,947 SF (3 props)
How have sales gone?
The sponsor’s own numbers, with the caveat in Sales so far ↑.
How is it financed, and what did it cost to sell?
No trust-level lender or loan appears in any primary filing located; a Form D reports securities sold, not property debt. A distributor's offering page describes the Trust as all-cash with no in-place loan, a description no primary record confirms. 4 The offering documents settle it for an exchanger who must replace mortgage debt.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $5,638,710 · 6.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $931,784 · 0.9% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of offering and organizational expenses and closing costs that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 4 named in the Form D
Show the firms
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Morgan Stanley · CRD 149777
- Realized Financial, Inc. · CRD 22333
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Nov 26, 2025
- Minimum investment
- Not in the Form D
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind IREX IV Industrial Portfolio?
Invesco Real Estate Exchange LLC is the 1031 exchange arm of Invesco's real estate business and is named as sponsor on the Trust's Form D. 1 Invesco Real Estate Income Trust, the firm's non-traded REIT, sourced the assets and announced on May 12, 2026 that the offering, launched in October 2025, was fully subscribed with $94 million in gross proceeds. 3 Its June 30, 2026 quarterly report lists the Trust among DST-program entities it majority-owns, without stating a percentage. 2
- Sponsor
- Offerings on record
What does the SEC record show?
The original Form D and its amendments restated the same total offering amount while updating running sales and investor counts. 1 The latest amendment predates the sponsor's May 12, 2026 full-subscription announcement, so EDGAR does not yet reflect the completed raise. 3 Interests were offered privately, without general advertising, to accredited investors — those meeting SEC income or net-worth thresholds.
- Legal Trust name
- IREX IV Industrial Portfolio DST
- SEC CIK
- 2098000
- First Form D
- Dec 10, 2025
- Latest Form D
- Mar 10, 2026
- Filings on record
- 5
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $93,978,495 | $80,134,031+$38,651,694 | 59+33 | EDGAR | |
| Form D/A | $93,978,495 | $41,482,337+$7,934,043 | 26+9 | EDGAR | |
| Form D/A | $93,978,495 | $33,548,294+$8,482,939 | 17+8 | EDGAR | |
| Form D/A | $93,978,495 | $25,065,355+$19,582,461 | 9+5 | EDGAR | |
| Form D | $93,978,495 | $5,482,894 | 4 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- Can I still invest in IREX IV Industrial Portfolio?
- No new interests: IREX IV Industrial Portfolio is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
- What does the Trust actually own?
- Three industrial properties in Florida and North Carolina, reported 100% occupied in Invesco Real Estate Income Trust's May 12, 2026 release. Two have public street addresses: 6485 Buckhorn Industrial Parkway in Mebane, North Carolina, and 3800 Crossroads Parkway in Fort Pierce, Florida. The third is in Concord, North Carolina, and its street address does not appear in the public record. JLL announced on September 29, 2025 that it sold a 211,547-square-foot building at the Fort Pierce address to Invesco Real Estate, but no filing names this Trust as purchaser, so that transaction is a lead rather than a confirmed Trust-level acquisition.
- Who are the tenants, and how does rent reach investors?
- Sponsor and trade-press material identify STIHL, Artisan Design Group, and Cameron Ashley, with STIHL associated with the Mebane facility and Cameron Ashley with Fort Pierce. Mid-Atlantic STIHL announced an expanded Mebane distribution and training facility in April 2025, and Cameron Ashley announced a new Fort Pierce distribution center in May 2025. Invesco Real Estate Income Trust's quarterly report for the period ended June 30, 2026 lists this Trust among the DST entities it is involved with through master-lease agreements, so an affiliated master tenant stands between the occupants and the Trust. Lease expirations, renewal options, and the rent schedule appear only in the offering documents.
- Does the Trust use leverage?
- No primary record establishes the answer. As of September 30, 2026 no lender, loan amount, or debt-service schedule for this Trust appears in a filing, and a Form D reports securities sold rather than property-level debt. A third-party distributor's offering page describes the Trust as all-cash with no in-place loan, but that description is not confirmed by a filing. For an exchanger who must replace mortgage debt, the offering documents are the documents that state whether any loan exists and on what terms.
- Is there a 721/UPREIT exit?
- Nothing in the public record for this Trust documents a 721/UPREIT exit — the structure in which Trust interests are ultimately exchanged for operating-partnership units in a REIT rather than sold for cash. What the record does show is affiliation with Invesco's non-traded REIT: INREIT sourced the assets, announced the full subscription on May 12, 2026, and listed this Trust among the DST-program entities it majority-owns in its quarterly report for the period ended June 30, 2026. Any exit mechanics, including whether an affiliate holds a purchase option, are set out only in the offering documents.
- What is still unresolved in the public record?
- As of September 30, 2026: the Concord, North Carolina building's street address and tenant; purchase prices and individual closing dates for the three buildings; lease expirations and renewal terms; primary confirmation of whether the Trust carries any debt; and whether a final Form D amendment recording the completed raise will be filed, the latest on file being March 10, 2026. The address and tenant matches in Fort Pierce and Mebane come from trade press and third-party offering pages, not from a filing that names the Trust as owner. No bankruptcy, foreclosure, default, or litigation finding was located for this Trust in a primary record.
In the news
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.