IPC Alternative REIT Total NAV Dips Half a Percent
IPC Alternative Real Estate Income Trust Inc. – a non-traded real estate investment trust sponsored by Inland – reported a total net asset value of approximately $139.1 million at the end of August, an approximate decline of 0.5% in value month-over-month.
The monthly net asset value per share for its classes of common stock, as of Aug. 31, 2025, were as follows.
Class T shares had a NAV per share of $23.3219 at the end of August, compared to $23.4882 the previous month, a decline of approximately 0.71%.
Class D shares had a NAV per share of $23.2822, compared to $23.441 the previous month, a decline of approximately 0.68%.
Class S, I, X-1, and X-2 shares had a NAV per share of $23.2592, compared to $23.4187 the previous month, a decline of approximately 0.68%.
As of Sept. 15, the REIT had not sold any Class S, X-1, or X-2 shares. Until it sells shares of Class S, X-1, or X-2 common stock, the transaction price for these classes was based on NAV per share of its Class I shares as of Aug. 31.
Previously reported by AltsWire, the REIT initiated a private offering for the aforementioned Class I, X-1, and X-2 common stock through its affiliate, Inland Securities Corporation, which is acting as the dealer manager.
The fund’s new share classes are available exclusively to accredited investors through a select group of distribution participants. Unlike the firm’s public offerings, these private-placement shares are sold without upfront commissions or dealer-manager fees.
A unique aspect of this private offering is its incentive-based exchange program. Financial intermediaries who are initially approved to sell only Class I shares can become eligible to sell the more exclusive Class X-1 and Class X-2 shares if they reach a specific fundraising target.
The REIT is currently offering on a continuous basis up to $1.25 billion in shares of common stock, consisting of up to $1 billion in shares in its primary offering and up to $250 million in shares pursuant to its distribution reinvestment plan. As of Sept. 15, the company had issued and sold 446,484 shares of common stock in the primary offering for total proceeds of $10.9 million, and 3,761 shares of common stock pursuant to its distribution reinvestment plan for a total value of $0.09 million. It intends to continue selling shares in the offering on a monthly basis.
The company is focused on alternative sectors designed to deliver stable, tax-advantaged distributions to investors. It had approximately 5.9 million shares outstanding at the end of August.
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