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 Sep 21, 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 Sep 15, 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 nine months to Jun 30, 2026 was $1.3M. In the nine months to Jun 30, 2026 it raised $2.4M from new shares, paid $208K in distributions.

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
Shares outstanding	200 shares	as of Jun 12, 2023	—	—	10-K · Mar 20, 2024

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Revenues	$5.6M	nine months to Jun 30, 2026	—	—	10-Q · Aug 7, 2026
Net income (loss)	$1.3M	nine months to Jun 30, 2026	−$311K	+524.4%	10-Q · Aug 7, 2026
Cash from operations	$704K	nine months to Jun 30, 2026	$0	—	10-Q · Aug 7, 2026
Interest expense	$2.7M	nine months to Jun 30, 2026	$0	—	10-Q · Aug 7, 2026
Management fees	$140K	nine 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	nine months to Jun 30, 2026	$3.3M	−27.0%	10-Q · Aug 7, 2026
Distributions paid to common	$208K	nine 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.

Get matched with a fiduciary adviser

Answer a few questions

A short questionnaire about your assets and goals, then introductions to advisers who are held to a fiduciary standard, meaning they are required to put your interests first. Free to you. No money moves and nothing is bought.

What we don't like: you are handing over your contact details and advisers will get in touch, so expect calls. We have not vetted any individual adviser and we are not endorsing one. Treat the introduction as a starting point, not a recommendation.

We are paid a referral fee if you complete the questionnaire, at no cost to you. We are not paid by, and take nothing from, any platform reviewed on this site.

Filing timeline.

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

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 ↗
Mar 30, 20268-K · Current reportItems 8.01EDGAR ↗
Mar 24, 2026ARS · FilingEDGAR ↗
Mar 18, 2026424B3 · Prospectus supplementEDGAR ↗

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

01721 Exchange: Which REITs Absorbing DSTs Still Let You Out (2026)Sep 10, 2026

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1959961, retrieved Sep 21, 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.

More files.

All vehicle files →

The weekly read

IPC Alternative Real Estate Income Trust, Inc.

Key figures, as filed.

Filing timeline.

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

More files.

1st stREIT Office Inc.

Apollo Realty Income Solutions, Inc.

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

Ark7 Properties Plus LLC

Arrived STR, LLC

BGO Industrial Real Estate Income Trust, Inc.

One platform, dissected, every Tuesday.