other material
confidence medium
sentiment neutral
materiality 0.25
IPC Alternative REIT issues 7,452 shares for $175k in private placement; files prior performance data for S-11
IPC Alternative Real Estate Income Trust, Inc.
- Issued 7,452 Class X-1 shares at $23.4833/share, raising $175,000 from accredited investors.
- Shares to be exchanged for Class X-2 upon meeting dealer-manager gross proceeds target.
- Filed prior performance tables of sponsor-affiliated programs for incorporation into Registration Statement on Form S-11.
- Prior programs with similar objectives include Inland Real Estate Income Trust, Inland Residential Properties, MH Ventures 2019-1, MH Ventures Fund II, and IVP MHC Fund III.
- MH Ventures 2019-1, LLC completed operations with 34% annualized ROI; Self-Storage Portfolio I DST returned 10.78% annualized.