Material Event - Form 8-K

Item 8.01 Other Events.

Distribution to Stockholders of Record as of March 31, 2024

The Board of Directors of IPC Alternative Real Estate Income Trust, Inc. (the "Company") has authorized a distribution on the Company's Class I common stock in the amount of $0.0885 per share to stockholders of record of the Company as of March 31, 2024, that the Company expects to pay on or about April 3, 2024. 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.