Term Sheet: Invesco’s fundraising drive, Delancey’s key hire, the secondary offices conundrum

Invesco Real Estate opts for an open-end structure for its first European debt fund; UK investor and developer Delancey hires Martin Farinola from Brookfield as it aims to grow its debt business; US lenders grapple with the future of the country’s Class B offices; and more in today’s briefing, exclusively for our valued subscribers.