Invesco Real Estate Income Trust Inc.
04/29/2024 | Press release | Distributed by Public on 04/29/2024 13:06
Material Agreement - Form 8-K
| Item 1.01 | Entry into a Material Definitive Agreement. |
Amendment No. 1 to Amended and Restated Advisory Agreement
On April 24, 2024, Invesco Real Estate Income Trust Inc. (the "Company"), Invesco REIT Operating Partnership LP (the "Operating Partnership") and Invesco Advisers, Inc. (the "Adviser") entered into Amendment No. 1 to the Amended and Restated Advisory Agreement (the "Advisory Agreement Amendment"). The Advisory Agreement Agreement amends the prior version of the agreement to outline the Advisers right to nominate, subject to the approval of such nomination by the Company's board of directors, two directors who are affiliated with the Adviser to the slate of directors to be voted on by the stockholders at the Company's annual meeting of stockholders. The Advisory Agreement Amendment also provides that such number of director nominees will be reduced as necessary by a number that will result in a majority of the directors being independent directors.
The summary of the Advisory Agreement Amendment set forth above does not purport to be complete and is qualified in entirety by reference to the Advisory Agreement Amendment, a copy of which is filed herewith and incorporated by reference.