Paul S. Michaels has served as one of the directors of Invesco Real Estate Income Trust Inc. ("INREIT") since January 2019. Paul has over 40 years of real estate experience including both debt and equity transactions in industrial, multifamily, retail and office properties. He was employed by Invesco Real Estate from its inception in 1983 until he retired in March 2020. Paul served as Invesco Real Estate’s Director of North American Direct Real Estate from 2008 until his retirement. He served as Chairperson of Invesco Real Estate’s Investment Committee from 2008 to 2019 and also as Director of U.S. Portfolio Management from 1991 to 2008. Paul earned a B.B.A. in Finance and Real Estate from the University of Texas at Austin.