IPC Alternative Real Estate Income Trust launches private offering, creates Class X-1 and X-2 shares

IPC Alternative Real Estate Income Trust, Inc.

Private offering of Class I, X-1, and X-2 common shares began Aug 28, 2025; no dealer fees, commissions, or distribution fees.
Advisory fee: 1.00% of NAV for Class X-1, 0.75% of NAV for Class X-2 shares under amended advisory agreement.
Special Limited Partner gets performance allocation on Class X-1: 10% catch-up and 10% excess after 5% hurdle (high-water mark).
Articles of Amendment redesignated 100M shares each from Class T, S, D, I into Class X-1 and X-2; new conversion and liquidation rights set.
Share repurchase plan and distribution reinvestment plan amended to include Class X-1 and X-2 shares.

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