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<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001305319</cik>
        <entityName>Invesco Core Real Estate - U.S.A., L.P.</entityName>
        <issuerAddress>
            <street1>2300 N. FIELD STREET, SUITE 1200</street1>
            <city>DALLAS</city>
            <stateOrCountry>TX</stateOrCountry>
            <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
            <zipCode>75201</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(972) 715-7400</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Invesco Core Real Estate - U.S.A , L.P.</previousName>
            <previousName>INVESCO Core Real Estate - U.S.A , LLC</previousName>
            <previousName>INVESCO Core Real Estate U.S.A LLC</previousName>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>[Entity]</firstName>
                <lastName>IRI CORE I, L.P.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>[Entity]</firstName>
                <lastName>IRI CORE-GP, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of IRI Core I, L.P.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>[Entity]</firstName>
                <lastName>INVESCO REALTY, INC.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Sole Member of IRI Core-GP, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>R.</firstName>
                <middleName>SCOTT</middleName>
                <lastName>DENNIS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director, President, and Chief Executive Officer of Invesco Realty Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Terry</firstName>
                <middleName>Gibson</middleName>
                <lastName>VACHERON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1555 PEACHTREE STREET NORTH</street1>
                <street2>Ste 1800</street2>
                <city>Atlanta</city>
                <stateOrCountry>GA</stateOrCountry>
                <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                <zipCode>30309</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Invesco Realty Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tony</firstName>
                <lastName>Wong</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1555 PEACHTREE STREET NORTH</street1>
                <street2>Ste 1800</street2>
                <city>Atlanta</city>
                <stateOrCountry>GA</stateOrCountry>
                <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                <zipCode>30309</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director and Chairman of Invesco Realty Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Rivka</firstName>
                <lastName>Altman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tina</firstName>
                <lastName>CAREW</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1555 PEACHTREE STREET NORTH</street1>
                <street2>SUITE 1800</street2>
                <city>ATLANTA</city>
                <stateOrCountry>GA</stateOrCountry>
                <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                <zipCode>30309</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Secretary of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Chris</firstName>
                <lastName>CLEGHORN</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bert</firstName>
                <middleName>J.</middleName>
                <lastName>CROUCH</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Vice President of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>E.</firstName>
                <middleName>Elizabeth</middleName>
                <lastName>Day</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Assistant Secretary of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <lastName>FEINBERG</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>225 LIBERTY STREET</street1>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10281</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Foy</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
                <city>DALLAS</city>
                <stateOrCountry>TX</stateOrCountry>
                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Assistant Secretary of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>MARK</firstName>
                <middleName>W.</middleName>
                <lastName>GREGSON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1555 PEACHTREE STREET NORTH</street1>
                <street2>SUITE 1800</street2>
                <city>ATLANTA</city>
                <stateOrCountry>GA</stateOrCountry>
                <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                <zipCode>30309</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Controller of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephanie</firstName>
                <lastName>Holder</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
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                <zipCode>75201</zipCode>
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            <relatedPersonRelationshipList>
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            <relationshipClarification>Vice President of Invesco Realty, Inc.</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jay</firstName>
                <lastName>Hurley</lastName>
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                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
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                <zipCode>75201</zipCode>
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        <relatedPersonInfo>
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                <firstName>Daniel</firstName>
                <lastName>Kubiak</lastName>
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                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
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                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <lastName>PIROZZOLI</lastName>
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            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
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                <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                <zipCode>75201</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of Invesco Realty, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Courtney</firstName>
                <lastName>POPELKA</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2300 N. FIELD STREET, SUITE 1200</street1>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stephen</firstName>
                <lastName>SULLIVAN</lastName>
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                <street1>100 Federal Street</street1>
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            <relationshipClarification>General Counsel and Vice President of Invesco Realty Inc.</relationshipClarification>
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        <relatedPersonInfo>
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            <relationshipClarification>Assistant Treasurer of Invesco Realty Inc.</relationshipClarification>
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    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06c</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0002076298-25-000005</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2004-10-01</value>
            </dateOfFirstSale>
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        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
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        <typesOfSecuritiesOffered>
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            <isOtherType>true</isOtherType>
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        <businessCombinationTransaction>
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            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Invesco Distributors, Inc.</recipientName>
                <recipientCRDNumber>7369</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>11 GREENWAY PLAZA</street1>
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                    <city>HOUSTON</city>
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                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>77046-1173</zipCode>
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                <statesOfSolicitationList>
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                <recipientName>Invesco Hong Kong Limited</recipientName>
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                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>41/F Champion Tower Three Garden Road</street1>
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                    <stateOrCountry>K3</stateOrCountry>
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                    <zipCode>00000</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
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        </salesCompensationList>
        <offeringSalesAmounts>
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            <totalAmountSold>12592161171</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>306</totalNumberAlreadyInvested>
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            <clarificationOfResponse></clarificationOfResponse>
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        <signatureBlock>
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            <signature>
                <issuerName>Invesco Core Real Estate - U.S.A., L.P.</issuerName>
                <signatureName>/s/ Courtney Popelka</signatureName>
                <nameOfSigner>Courtney Popelka</nameOfSigner>
                <signatureTitle>Vice President</signatureTitle>
                <signatureDate>2025-12-22</signatureDate>
            </signature>
        </signatureBlock>
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</edgarSubmission>
