Chase Bolding

As a CIO, Chase Bolding knows his job begins and ends with efficient portfolio construction, not just individual deals. 

“It’s thinking empirically about the whole,” he said. “And sometimes that means passing on, quote-unquote, good deals, in isolation, because they don’t fit the bigger picture of what the portfolio is trying to do from a risk and a reward perspective.”

Despite his stated discipline, Bolding didn’t seem to pass on too many deals over the last 12 months, as he quarterbacked a flurry of acquisitions — $5.5 billion to be exact — that included $2.1 billion within health care asset classes, $2.4 billion across different housing sectors, and $600 million within industrial and logistics. 

The tone for the year was set in June 2025, when Invesco Commercial Real Estate Finance Trust, the private credit real estate investment trust owned by Invesco Real Estate, provided a $354.6 million loan to refinance a portfolio of 24 industrial assets. 

Then came the big kahuna in April 2026, when Invesco Real Estate acquired a majority stake and recapitalized a 25-asset, 3,632-unit Class A senior housing portfolio composed of U.S. independent living, assisted living and memory care facilities, a $2 billion deal which Bolding called “one of, if not the largest, transaction in our firm’s history.” He said he believes the deal will allow Invesco to capitalize on compelling demographic tailwinds and limited senior housing supply.

“We had to have a lot of conviction in that one, but that was a needle movement for us,” he said. “We think that will be a very good investment.”

Under his watch, in the last 12 months, Invesco also closed over $450 million of manufactured housing investments, a sector providing affordable housing for the workforce across the Pacific Northwest, West Coast and Sun Belt regions.

“We’ve been investing in the more fragmented sectors of manufactured housing and outpatient facilities,” said Bolding. “So, in the aggregate, each deal is not huge, but they do add up with volume to a pretty considerable exposure for our firm.”