XML 105 R91.htm IDEA: XBRL DOCUMENT v3.25.3
Related Party Transactions - Narrative (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
Jul. 21, 2025
USD ($)
Sep. 30, 2025
USD ($)
shares
Jun. 30, 2025
USD ($)
shares
Mar. 31, 2025
USD ($)
shares
Sep. 30, 2024
USD ($)
shares
Jun. 30, 2024
USD ($)
shares
Mar. 31, 2024
USD ($)
shares
Sep. 30, 2025
USD ($)
quarter
shares
Sep. 30, 2024
USD ($)
shares
Sep. 30, 2022
Dec. 31, 2024
USD ($)
shares
Jul. 25, 2025
USD ($)
Related Party Transaction [Line Items]                          
Management fee     $ 776,000     $ 515,000     $ 2,089,000 $ 1,478,000      
Due to affiliates $ 23,453,000   23,453,000           23,453,000     $ 23,960,000  
Stock repurchased during period (in shares) | shares       252,024 355,115   279,136 258,624          
Common stock repurchased     7,125,000 $ 6,654,000 $ 9,505,000 7,492,000 $ 7,826,000 $ 7,363,000          
Administrative fees expense     300,000     200,000     1,000,000.0 800,000      
Other revenue     1,215,000     813,000     3,245,000 2,218,000      
Investment in affiliated fund $ 13,224,000   13,224,000           13,224,000     $ 21,342,000  
Wholly Owned Properties                          
Related Party Transaction [Line Items]                          
Loss retention, pro rata share of premium     100,000     100,000     400,000 200,000      
Joint Venture Properties                          
Related Party Transaction [Line Items]                          
Loss retention, pro rata share of premium     $ 33,000     $ 29,000     $ 100,000 100,000      
Everly Roseland | Multifamily                          
Related Party Transaction [Line Items]                          
Percentage of consolidated interest acquired 95.00%   95.00%           95.00%        
Homestead Communities, LLC                          
Related Party Transaction [Line Items]                          
Ownership percentage 50.00%   50.00%           50.00%        
Vida JV LLC | Invesco JV                          
Related Party Transaction [Line Items]                          
Ownership percentage 85.00%   85.00%           85.00%        
Non-controlling Interests in Consolidated Joint Ventures                          
Related Party Transaction [Line Items]                          
Ownership percentage 50.00%   50.00%           50.00%        
Everly Roseland Co-Invest                          
Related Party Transaction [Line Items]                          
Ownership percentage 60.00%   60.00%           60.00%        
Class E Common Stock                          
Related Party Transaction [Line Items]                          
Stock repurchased during period (in shares) | shares     17,336 13,853 18,180 15,383 8,542 15,463          
Class N Common Stock                          
Related Party Transaction [Line Items]                          
Stock repurchased during period (in shares) | shares     271,087     271,506              
Affiliated entity | Class E Common Stock                          
Related Party Transaction [Line Items]                          
Number of shares issued in transaction | shares                 961,397     960,015  
Affiliated entity | Class N Common Stock                          
Related Party Transaction [Line Items]                          
Number of shares issued in transaction | shares                 15,028,719     14,466,761  
Related Party                          
Related Party Transaction [Line Items]                          
Due to affiliates $ 23,453,000   $ 23,453,000           $ 23,453,000     $ 23,960,000  
Reimbursement term, organization and offering expenses                     60 months    
Accrued management fee | Related Party                          
Related Party Transaction [Line Items]                          
Due to affiliates 528,000   528,000           $ 528,000     375,000  
Management Fee and Performance Participation Interest - Incentive Rate, Pre-Incentive Fee Net Investment Income Threshold | Related Party | Class T, Class S and Class D                          
Related Party Transaction [Line Items]                          
Management and service fees, incentive rate                 8.75%        
DST Program Fees and Expenses, Selling Commissions | Related Party                          
Related Party Transaction [Line Items]                          
Management and service fees, rate                 5.00%        
DST Program Fees and Expenses, Manager Fees | Subsidiaries                          
Related Party Transaction [Line Items]                          
Management fee     47,000     $ 6,000     $ 100,000 19,000      
Management and service fees, rate                 0.15%        
DST Program Fees and Expenses, Manager Fees | Related Party                          
Related Party Transaction [Line Items]                          
Management and service fees, rate                 1.00%        
DST Program Fees and Expenses, Placement Fees | Related Party                          
Related Party Transaction [Line Items]                          
Management and service fees, rate                 1.00%        
DST Program Fees and Expenses, Investor Servicing Fee | Related Party                          
Related Party Transaction [Line Items]                          
Management fee     100,000     10,000     $ 200,000 31,000      
Management and service fees, rate                 0.25%        
DST Program Fees And Expenses, Organizational And Offering Expense Reimbursement | Related Party                          
Related Party Transaction [Line Items]                          
Other revenue     300,000     0     $ 600,000 0      
DST Program Fees And Expenses, Closing Cost Reimbursements | Related Party                          
Related Party Transaction [Line Items]                          
Other revenue     300,000     31,000     600,000 100,000      
Advanced Operating Expenses | Related Party                          
Related Party Transaction [Line Items]                          
Due to affiliates 5,386,000   5,386,000           5,386,000     5,386,000  
Advance of organization and offering fees, net asset value threshold 1,000,000,000   1,000,000,000           1,000,000,000        
Advanced organization and offering expenses | Related Party                          
Related Party Transaction [Line Items]                          
Due to affiliates 6,789,000   6,789,000           $ 6,789,000     6,789,000  
Reimbursement term, organization and offering expenses                 60 months        
Advance of organization and offering fees, net asset value threshold 1,000,000,000   1,000,000,000           $ 1,000,000,000        
Accrued Reimbursable Operating Expenses | Related Party                          
Related Party Transaction [Line Items]                          
Due to affiliates 2,514,000   2,514,000           2,514,000     4,898,000  
Accrued Reimbursable Organization and Offering Expenses | Related Party                          
Related Party Transaction [Line Items]                          
Due to affiliates 3,197,000   3,197,000           $ 3,197,000     1,403,000  
DST Program, Reimbursed Operating Expenses                          
Related Party Transaction [Line Items]                          
Related party transaction, amounts of transaction 1,100,000                        
Operating Expenses Reimbursement | Related Party                          
Related Party Transaction [Line Items]                          
Adviser fee, number of consecutive quarters, reimbursement period | quarter                 4        
Advance of Operating Expenses | Related Party                          
Related Party Transaction [Line Items]                          
Reimbursement of operating expenses threshold, percent of average invested assets over four quarters                 2.00%        
Reimbursement of operating expenses threshold, percent of net income over four quarters                 25.00%        
Accrued Affiliate Service Provider Expenses | Related Party                          
Related Party Transaction [Line Items]                          
Due to affiliates 0   0           $ 0     92,000  
Adviser Capital Markets Service, Financing Arrangement, Service Fee                          
Related Party Transaction [Line Items]                          
Related party transaction, amounts of transaction     100,000                    
Adviser Capital Markets Service, Mortgage Refinance Transaction, Fee                          
Related Party Transaction [Line Items]                          
Related party transaction, amounts of transaction   $ 200,000                      
Collateral For Revolving Credit Facility | Related Party                          
Related Party Transaction [Line Items]                          
Outstanding commitment $ 30,000,000   30,000,000           $ 30,000,000       $ 65,000,000
Reduction in commitment amount                         $ 35,000,000
The Adviser | Management Fee and Performance Participation Interest | Subsidiaries                          
Related Party Transaction [Line Items]                          
Management and service fees, base rate                 1.00%        
Management fee     $ 800,000     $ 500,000     $ 2,100,000 $ 1,500,000      
Number of shares issued in transaction | shares     25,908     17,341     68,254 48,992      
The Adviser | Management Fee and Performance Participation Interest | Subsidiaries | Class E Common Stock                          
Related Party Transaction [Line Items]                          
Stock repurchased during period (in shares) | shares     17,336     13,853     45,401 30,774      
Common stock repurchased     $ 500,000     $ 400,000     $ 1,300,000 $ 900,000      
The Adviser | DST Program Fees and Expenses, Placement Fees                          
Related Party Transaction [Line Items]                          
DST program, selling commissions     700,000     100,000     1,600,000 200,000      
Invesco REIT Special Limited Partner L.L.C. | Subsidiaries                          
Related Party Transaction [Line Items]                          
Performance participation interest     $ 0     $ 0     $ 0 $ 0      
Invesco REIT Special Limited Partner L.L.C. | Subsidiaries | Class E Common Stock                          
Related Party Transaction [Line Items]                          
Stock repurchased during period (in shares) | shares     10,172     30,005     71,205 87,970      
Common stock repurchased     $ 300,000     $ 900,000     $ 2,000,000.0 $ 2,600,000      
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Total Return Rate | Subsidiaries                          
Related Party Transaction [Line Items]                          
Management and service fees, incentive rate                 12.50%        
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Total Return Rate | Subsidiaries | Class N Common Stock                          
Related Party Transaction [Line Items]                          
Management and service fees, incentive rate                 10.00%        
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Annualized Hurdle Rate | Subsidiaries                          
Related Party Transaction [Line Items]                          
Management and service fees, incentive rate                 6.00%        
Invesco REIT Special Limited Partner L.L.C. | Management Fee and Performance Participation Interest - Incentive Rate, Annualized Hurdle Rate | Subsidiaries | Class N Common Stock                          
Related Party Transaction [Line Items]                          
Management and service fees, incentive rate                 7.00%        
Invesco Distributors, Inc.                          
Related Party Transaction [Line Items]                          
DST program, closing cost reimbursement percent                 0.50%        
DST program, organizational and offering expense     0     31,000     $ 0 100,000      
Invesco Distributors, Inc. | Affiliated entity | Class T, Class S and Class D                          
Related Party Transaction [Line Items]                          
Related party transaction, amounts of transaction                 200,000     $ 300,000  
Pine Tree Commercial Realty, LLC | Accrued Affiliate Service Provider Expenses                          
Related Party Transaction [Line Items]                          
Total expenses     $ 41,000     $ 44,000     $ 100,000 $ 100,000