Vehicle file · Non-traded REIT

IPC Alternative Real Estate Income Trust, Inc.

What its SEC filings show.

SEC CIK 1959961·Inc. MD·Fiscal year end 12/31·Data as filed · pulled Oct 12, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

IPC Alternative Real Estate Income Trust, Inc. is a non-traded REIT registered with the SEC under CIK 1959961 (incorporated in MD). Its most recent filing is a 424B3 (prospectus supplement) dated Oct 2, 2026. As of Jun 30, 2026 it reported total assets of $444.0M (up 5817.8% from $7.5M a year earlier) and stockholders' equity of $14.7M. Net income (loss) for the six months to Jun 30, 2026 was $1.3M. It raised $2.4M from new shares in the six months to Jun 30, 2026; paid $208K in distributions in the six months to Jun 30, 2026.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 71 other vehicles of this type we track.

Liabilities were 69% of total assets at Jun 30, 2026. It ranks 31st of the 51 vehicles of this type that report the same figures (1st = least leveraged).
The management fee ran at about 1.93% a year of stockholders' equity ($140K in the six months to Jun 30, 2026, annualised; our arithmetic). It ranks 10th of the 16 vehicles of this type that report the same figures (1st = lowest fee).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$444.0M	as of Jun 30, 2026	$7.5M	+5817.8%	10-Q · Aug 7, 2026
Real estate, net	$385.0M	as of Jun 30, 2026	—	—	10-Q · Aug 7, 2026
Cash and equivalents	$6.1M	as of Jun 30, 2026	$0	—	10-Q · Aug 7, 2026
Total liabilities	$307.6M	as of Jun 30, 2026	$189K	+162646.6%	10-Q · Aug 7, 2026
Long-term debt	$270.0M	as of Jun 30, 2026	—	—	10-Q · Aug 7, 2026
Debt (carrying amount)	$270.0M	as of Jun 30, 2026	—	—	10-Q · Aug 7, 2026
Stockholders' equity	$14.7M	as of Jun 30, 2026	$7.3M	+101.4%	10-Q · Aug 7, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Revenues	$5.6M	six months to Jun 30, 2026	—	—	10-Q · Aug 7, 2026
Net income (loss)	$1.3M	six months to Jun 30, 2026	−$311K	+524.4%	10-Q · Aug 7, 2026
Cash from operations	$704K	six months to Jun 30, 2026	$0	—	10-Q · Aug 7, 2026
Interest expense	$2.7M	six months to Jun 30, 2026	$0	—	10-Q · Aug 7, 2026
Management fees	$140K	six months to Jun 30, 2026	$0	—	10-Q · Aug 7, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$2.4M	six months to Jun 30, 2026	$3.3M	−27.0%	10-Q · Aug 7, 2026
Distributions paid to common	$208K	six months to Jun 30, 2026	$119K	+74.8%	10-Q · Aug 7, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

If you have real money in this, do not decide it alone.

We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded REIT you cannot sell at will, reading its filings to decide whether to hold, redeem or tender, that is the part that actually matters.

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Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Oct 2, 2026424B3 · Prospectus supplementEDGAR ↗
Sep 29, 20268-K · Current reportItems 8.01EDGAR ↗
Sep 25, 2026S-11 · Registration statementEDGAR ↗
Sep 15, 2026424B3 · Prospectus supplementEDGAR ↗
Aug 28, 20268-K · Current reportItems 8.01EDGAR ↗
Aug 14, 2026424B3 · Prospectus supplementEDGAR ↗
Aug 10, 2026424B3 · Prospectus supplementEDGAR ↗
Aug 10, 20268-K · Current reportItems 5.07EDGAR ↗
Aug 7, 202610-Q · Quarterly reportEDGAR ↗
Jul 30, 20268-K · Current reportItems 8.01EDGAR ↗
Jul 15, 2026424B3 · Prospectus supplementEDGAR ↗
Jul 7, 20268-K · Current reportItems 3.02EDGAR ↗
Jun 29, 20268-K · Current reportItems 8.01EDGAR ↗
Jun 15, 2026424B3 · Prospectus supplementEDGAR ↗
Jun 3, 20268-K · Current reportItems 3.02EDGAR ↗
May 28, 20268-K · Current reportItems 8.01EDGAR ↗
May 15, 2026424B3 · Prospectus supplementEDGAR ↗
May 13, 202610-Q · Quarterly reportEDGAR ↗
May 1, 20268-K · Current reportItems 2.01,9.01EDGAR ↗
Apr 29, 20268-K · Current reportItems 8.01EDGAR ↗
Apr 24, 2026424B3 · Prospectus supplementEDGAR ↗
Apr 15, 2026424B3 · Prospectus supplementEDGAR ↗
Apr 13, 2026EFFECT · FilingItems ,,EDGAR ↗
Apr 3, 2026POS AM · Post-effective amendmentEDGAR ↗
Apr 3, 20268-K · Current reportItems 3.02,8.01EDGAR ↗

Our reads on IPC Alternative Real Estate Income Trust, Inc..

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1959961, retrieved Oct 12, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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IPC Alternative Real Estate Income Trust, Inc.

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on IPC Alternative Real Estate Income Trust, Inc..

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