UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 0230, 2026

IPC Alternative Real Estate Income Trust, Inc.

(Exact name of Registrant as Specified in Its Charter)


Maryland	333-272750	87-1302380
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2901 Butterfield Road
Oak Brook, Illinois		60523
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: (630) 218-8000

    

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 38.0201 UnregisteredOther Sales of Equity SecuritiesEvents.

OnDistribution ~~March 2, 2026, IPC Alternative Real Estate Income Trust, Inc. (the “Company”) issued 6,471 shares of Class X-1 common stock at a price per share of $23.1788~~ to anStockholders ~~accredited investor in a private placement for an aggregate purchase price~~ of ~~$150,000.~~Record ~~The~~as ~~offer and sale~~ of ~~the~~March ~~Class X-1 shares is exempt from the registration provisions of the Securities Act of 1933~~31, as amended (the “Securities Act”), by virtue of Section 4(a)(2) thereof and Rule 506(c) of Regulation D promulgated thereunder. Such Class X-1 shares will be exchanged for Class X-2 shares without registration in reliance on the exemption from registration under the Securities Act afforded by Section 3(a)(9) thereof at an exchange rate based on the net asset value per share of each class as of the exchange date if the gross proceeds by the applicable distribution participant reaches the target specified by the Company’s dealer manager.2026

~~SIGNATURES~~The Board of Directors of IPC Alternative Real Estate Income Trust, Inc. (the “Company”) has authorized a distribution for each class of its common stock in the amount per share set forth below.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


March 31, 2026 Record Date
	Gross Distribution		Distribution Fee		Net Distribution
Class T Common Stock	$	0.1042	$	0.0169	$	0.0873
Class D Common Stock	$	0.1042	$	0.0050	$	0.0992
Class I Common Stock	$	0.1042	N/A		$	0.1042
Class X-1 Common Stock	$	0.1042	N/A		$	0.1042

			IPC ALTERNATIVE REAL ESTATE INCOME TRUST, INC.
Date:	March 5, 2026	By:	/s/ Jerry Kyriazis
			Jerry KyriazisChief Financial Officer

As of March 30, 2026, the Company had no outstanding shares of Class S, Class X-2 or Class A common stock. The net distributions for each class of common stock (which represent the gross distribution less any distribution fees for the applicable class of common stock) are payable to stockholders of record of the Company as of March 31, 2026 and will be paid on or about April 6, 2026. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			IPC Alternative Real Estate Income Trust, Inc.

Date:	March 30, 2026	By:	/s/ Jerry Kyriazis
			Jerry Kyriazis Chief Financial Officer

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