Ray Nixon has served as one of the independent directors of Invesco Real Estate Income Trust Inc. ("INREIT") since January 2019. Ray has over 45 years of industry experience and is the current Chairman of Nixon Capital, a value oriented investment management firm. Previously, he served as the Executive Director and Portfolio Manager at the $80 billion investment firm Barrow, Hanley, Mewhinney & Strauss, LLC from 1994 until his retirement in June 2019. Ray served as a member of Smith Barney, Inc.’s Investment Policy Committee and as the firm’s lead institutional stockbroker for the Southwest from 1979 to 1994. He has served on the Texas Health Resources Investment Committee for 20 years, including prior service as its chair for 15 years, which oversees an $8 billion fund. Paul has served as an independent director of Invesco Commercial Real Estate Finance Trust, Inc. ("INCREF") since March 2023. He is a Trustee of the UT Southwestern Foundation and a member of the investment committee, and also serves on the investment committee for a large family office. Paul spent nine years as a member of the board of directors of the $80 billion endowment for the University of Texas and Texas A&M University. He previously served as a research analyst for the Teacher Retirement System of Texas. He earned a B.A. and an M.B.A. from the University of Texas at Austin.