# Invesco Cuts Fees 20 Percent to Stop Investors From Pulling Money Out of Its Property Fund > The firm is cutting management fees on its 12.7 billion dollar core real estate fund through 2027 and offering a tender to exit at 95 percent of asset value, an attempt to work through a 2.2 billion dollar redemption queue. - Source: Continental - Canonical URL: https://continental.today/article/invesco-fee-cut-property-fund-redemptions - Author: Continental Newsroom - Section: Markets - Published: 2026-08-22T17:08:59.000Z - Updated: 2026-08-22T17:08:59.000Z - Tags: Invesco, Real Estate, Redemptions --- Invesco is cutting management fees by 20 percent for investors in one of its largest real estate funds, an attempt to stop a wave of redemption requests that has built into a sizable backlog. The cut applies to the Invesco Core Real Estate USA fund, a 12.7 billion dollar open ended vehicle, and will remain in place through 2027. The fund currently has a redemption queue of 2.2 billion dollars, investors who have asked to pull money out but have not yet been paid. Average yearly redemption payments have represented 5.3 percent of the fund's net asset value since 2022, up from a historical average of around 3.5 percent, a pattern that shows outflows becoming a more persistent drag on the fund rather than a temporary spike. Alongside the fee cut, Invesco is offering a tender that lets investors exit at 95 percent of net asset value, giving those who want out a faster path than waiting in the standard redemption queue, albeit at a discount to full value. Invesco and its leadership have also committed up to 150 million dollars of their own money to support the effort, a move meant to signal confidence in the fund even as it works through the backlog. Open ended real estate funds like this one have faced growing pressure across the industry as higher interest rates have weighed on commercial property values and made some investors, particularly institutions rebalancing their portfolios, more eager to reduce real estate exposure. When redemption requests outpace the cash a fund has on hand, managers are left choosing between selling assets into a soft market or asking remaining investors to wait longer, which is part of why fee cuts and discounted tenders have become common tools for managing the standoff. Whether the reduced fees are enough to slow the pace of redemption requests will become clearer over the next few quarters. For now, Invesco's move is one of the more direct examples of a real estate manager using both price and its own balance sheet to try to hold on to investors rather than simply letting the queue grow. --- Originally published by Continental. Free to cite with attribution and a link to https://continental.today/article/invesco-fee-cut-property-fund-redemptions.