SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person* Invesco Realty, Inc. (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Invesco Commercial Real Estate Finance Trust, Inc. [ N/A ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 10/02/2023
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class E Common Stock, $0.01 par value	10/02/2023		P		199,063.605	A	$25.1176	1,052,463.605	D(1)
Class I Common Stock, $0.01 par value	10/02/2023		P		199,086.591	A	$25.1147	1,052,486.591	D(1)
Class S Common Stock, $0.01 par value	10/02/2023		P		199,086.591	A	$25.1147	1,052,486.591	D(1)
Class D Common Stock, $0.01 par value	10/02/2023		P		199,086.591	A	$25.1147	1,052,486.591	D(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Invesco Realty, Inc. (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Invesco Group Services, Inc. (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* OppenheimerFunds, Inc. (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* OPPENHEIMER ACQUISITION CORP (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* IVZ Inc (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* INVESCO HOLDING CO LTD (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Invesco Ltd. (Last) (First) (Middle) 1331 SPRING STREET, NW SUITE 2500 (Street) ATLANTA GA 30309 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The shares acquired on October 2, 2023 are owned directly by Invesco Realty, Inc., which is a wholly owned subsidiary of Invesco Advisers, Inc. (the issuer's adviser), which is a wholly owned subsidiary of Invesco Group Services, Inc., which is a wholly owned subsidiary of OppenheimerFunds, Inc., which is a wholly owned subsidiary of Oppenheimer Acquisition Corp., which is a wholly owned subsidiary of Invesco Holding Company (US), Inc., which is a wholly owned subsidiary of Invesco Holding Company Limited and which is a wholly owned subsidiary of Invesco Ltd., the ultimate parent entity. As a result, all entities other than Invesco Realty, Inc. are indirect beneficial owners.

Remarks:

	/s/ Liz Day, Attorney-in-Fact, for Invesco Realty, Inc.	10/04/2023
	/s/ Liz Day, Attorney-in-Fact, for Invesco Group Services, Inc.	10/04/2023
	/s/ Liz Day, Attorney-in-Fact, for OppenheimerFunds Inc.	10/04/2023
	/s/ Liz Day, Attorney-in-Fact, for Oppenheimer Acquisition Corp	10/04/2023
	/s/ Liz Day, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)	10/04/2023
	/s/ Liz Day, Attorney-in-Fact, for Invesco Holding Company Limited	10/04/2023
	/s/ Liz Day, Attorney-in-Fact, for Invesco Ltd.	10/04/2023
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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