Invesco Launches Core Plus Real Estate CIT for Defined Contribution Plans
Event summary
- Invesco launched the Core Plus Real Estate Trust, a collective investment trust (CIT) for defined contribution (DC) plans, on February 26, 2026.
- The CIT combines core plus private real estate with passive U.S. REITs for daily liquidity, managed by Invesco Real Estate.
- Invesco Private Markets manages $131 billion in AUM as of December 31, 2025, with Invesco Real Estate overseeing $84.2 billion in real estate assets as of September 30, 2025.
- The CIT is designed for large DC plans, pooled employer plans (PEPs), and managed account solutions.
The big picture
Invesco's launch addresses the long-standing gap in private market access for DC plans, where allocations remain under 1% according to industry surveys. The move reflects a broader trend of institutionalizing alternative investments for retail investors, leveraging Invesco's $2.2 trillion AUM and decades of real estate expertise. The CIT's daily valued structure aims to balance liquidity with long-term strategic allocations, potentially setting a new standard for private real estate offerings in retirement portfolios.
What we're watching
- Adoption Pace
- How quickly plan sponsors and participants will incorporate the Core Plus Real Estate Trust into DC plans, given the historical underallocation to private markets in this segment.
- Performance Differentiation
- Whether the CIT's core plus real estate approach will deliver sufficient diversification and returns to justify its inclusion in retirement portfolios.
- Competitive Response
- The likelihood of other asset managers launching similar CITs to capture the growing demand for private market access in DC plans.
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