Inpoint Coml Real Estate Income Inc · OTC:ICRP
Inpoint Coml Real Estate Income — IPC Alternative Real Estate Income Trust — Investor Presentation (2026)
48 slides from Inpoint Coml Real Estate Income's investor presentation, 2026
Slide 1: A Demographic-Driven Real Estate Strategy
IPC Alternative Real Estate Income Trust, Inc. A Demographic-Driven Real Estate Strategy Self-Storage | Healthcare | Student Housing For Institutional Use Only. Not for distribution to the public. This sales and advertising literature is neither an offer to sell nor a solicitation of an offer to buy
Slide 2: Disclosure
Disclosure The words “we,” “us,” “our” and “ALT REIT” refer to IPC Alternative Real Estate Income Trust, Inc., a Maryland corporation, together with its consolidated subsidiaries, including IPC Alternative Real Estate Operating Partnership, LP (the “Operating Partnership”), a Delaware limited partne
Slide 3: Risk Factors
Risk Factors Investing in the common stock of ALT REIT involves a high degree of risk. Investors should purchase these securities only if they can afford the complete loss of your investment. Investors should carefully review the “Risk Factors” section of the prospectus for a more detailed discussio
Slide 4: IPC Alternative Real Estate Income Trust, Inc. (ALT REIT)
IPC Alternative Real Estate Income Trust, Inc. (ALT REIT) ALT REIT is Inland’s flagship investment solution focused on providing investors access to a diversified portfolio of demographic -driven alternative real estate Investment Strategy Investment Objectives Investor Experience • Construct a them
Slide 5: The ALT REIT Value Proposition
The ALT REIT Value Proposition Limited Exposure Attractive Entry Point Clients may be under allocated towards Reset in real estate valuations with alternative real estate compelling supply/demand dynamics Access to Inland’s Platform Enhanced Portfolio Expansion Leverage Inland’s vertically integrate
Slide 6: The Case for Private Real Estate
The Case for Private Real Estate
Slide 7: Private Real Estate as a Strategic Portfolio Allocation
Private Real Estate as a Strategic Portfolio Allocation Attributes include lower volatility and enhanced total returns NCREIF NPI Risk-Return Profile by Asset Class from 2000-2025, Annualized 12.0% Public Real Estate 10.0% S&P 500 Private Real Estate 8.0% Total Return 6.0% Municipal Bonds 10-Yr U.S.
Slide 8: Private Real Estate as a Strategic Portfolio Allocation
Private Real Estate as a Strategic Portfolio Allocation Attributes include increased diversification through reduced correlation Private Real Public Real Investment Municipal S&P 500 Estate Estate Grade Bonds Bonds 1.0 Private Real Estate 0.2 1.0 Public Real Estate (0.0) 0.6 1.0 S&P 500 (0.1) 0.3 (0
Slide 9: Capitalizing on a Generational Opportunity
Capitalizing on a Generational Opportunity Private real estate provided strong returns after repricing cycles while income generation remains positive for more than 30 years Avg Return: 12.8% Avg Return: 15.4% Avg Return: 12.2% Avg Return: 11.6% 25% 15% 5% -5% dot.com COVID Bubble -15% S&L Crisis Fe
Slide 10: It is Time to Rebalance
It is Time to Rebalance Real Time Snapshot as of 12/31/2025 S&P 500 has more than doubled since December 2019 creating an overweighting of equities in portfolio allocations Equities (S&P 500) • Reached all-time highs while Asset Comparison - Pre-COVID to Now (Indexed at $100) real estate has reprice
Slide 11: Inland: Investing with Integrity Since 1968
Inland: Investing with Integrity Since 1968
Slide 12: We Build, Finance & Manage
We Build, Finance & Manage Inland is one of the nation’s largest vertically integrated real estate groups. Founded in 1968, Inland delivers a comprehensive suite of commercial real estate services including acquisitions, asset and property management, development, and finance. $56 Billion $31 Billio
Slide 13: Inland's Depth of Alternative Real Estate Experience
Inland’s Depth of Alternative Real Estate Experience $6.6 Billion 312 127,755 35 Alternative Sector AUM Properties Units/Beds* States Properties/ Units/Beds/ $AUM Communities Square Feet Self-Storage $1.91 Billion 200 12,842,090 SF Student Housing $1.79 Billion 20 10,182 Beds Senior Housing $942.71
Slide 14: The Case for Alternative Real Estate
The Case for Alternative Real Estate Self-Storage Medical Outpatient Buildings Senior Living Student Housing The Senior Living and Student Housing photos shown are for illustrative purposes and are not owned by ALT REIT or the Operating Partnership.
Slide 15: Cycle-Tested Alternative Real Estate Sectors
Cycle-Tested Alternative Real Estate Sectors Why are institutional allocations to alternative real estate sectors increasing? ✓ Demand driven by life events ✓ Demographic tailwinds ✓ Proven resilience across market cycles ✓ Strong risk-adjusted returns ✓ Lower correlations to macroeconomic environme
Slide 16: Real Estate Allocations Continue to Shift
Real Estate Allocations Continue to Shift Private real estate fund allocations to alternative real estate have grown 3x in the last 10 years ODCE Allocations ODCE Sector Allocations 45% as of Q1 2026 40% 14% Alternatives 35% COVID-19 30% 26% Multifamily 25% 13% 20% Retail Retail Rise of E-commerce A
Slide 17: Demographic Demand Drivers
Demographic Demand Drivers Interplay between demographics and property types highlights sustained alternative real estate sector demand Gen Alpha Gen Z Millennial Gen X Baby Boomer Silent Generation 51 million 71 million 74 million 65 million 65 million 14 million (born 2013-Present) (born 1997-2012
Slide 18: Alternative Real Estate Sectors May Help Mitigate Downside Risk
Alternative Real Estate Sectors May Help Mitigate Downside Risk Sectors with lower sensitivity to GDP change typically have minimal response to macroeconomic events Historical Sensitivity to 1% GDP Change Green Street. Navigating the “Upside Down” in Commercial Real Estate. September 15, 2022. Per G
Slide 19: Alternative Real Estate Sectors Outperform Throughout Various Market Cycles
Alternative Real Estate Sectors Outperform Throughout Various Market Cycles Average Returns Over Different Market Cycles1 Average Volatility from 2008-20251 14% 14% Post-Great Recession 12% 12% 11.6% 12.3% 9.8% 10% 10% Covid/ Inflationary Era 8% 8.8% 8% 7.9% 6.0% 7.4% 6% 6% 6.6% Great Recession 3.6%
Slide 20: Alternative Real Estate Enhances Risk-Adjusted Returns
Alternative Real Estate Enhances Risk-Adjusted Returns 60% 40% 100% 100% Traditional Traditional 2010 - 2025 ODCE Traditional Alternative 40% 60% Real Estate Real Estate Alternative Alternative Average Annual Total Return 7.5% 8.0% 8.5% 8.8% 9.4% Return Relative to ODCE (bps) - 46 101 128 183 Sharpe
Slide 21: Alternative Real Estate's Outsized NOI Growth Contributes to Performance Dispersion
Alternative Real Estate’s Outsized NOI Growth Contributes to Performance Dispersion Indexed same store NOI growth (%) since 2008 downturn 190% 182% 170% 150% 130% 110% 90% 93% 70% 50% 30% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025F 2026F Traditional Sec
Slide 22: Alternative Real Estate Sector Overview
Alternative Real Estate Sector Overview Self-Storage Medical Outpatient Buildings Senior Living Student Housing
Slide 23: Self-Storage
Self-Storage Demand driven by life events persistent throughout economic cycles: • Dislocation • Downsizing • Divorce • Death Key Attributes: • Strong inflation hedge • High profit margins • Low capital expenditures • Low tenant sensitivity to repricing • Highly fragmented Devon Self Storage Montgom
Slide 24: Self-Storage
Self-Storage Household usage has nearly doubled in the last 20 years resulting in long-term rent growth Self-Storage Usage by Household1 Self-Storage Average Rents2 12% $200 Forecast 10% $180 Effective Rent 8% $160 '03-'20 Trend $140 6% $120 4% $100 2% $80 0% $60 2003 2006 2009 2012 2015 2018 2021 2
Slide 25: Healthcare
Healthcare All Baby Boomers will reach 65 by 2030 driving increased demand for healthcare real estate, including medical outpatient buildings and senior living communities An Aging Nation1 Annual Physician Office Visits and Healthcare Costs By Age2 % of Population $33,816 Per Year 2050 23% 7 Visits
Slide 26: Medical Outpatient Buildings
Healthcare Medical Outpatient Buildings Ironwood Cancer & Research Center Chandler, AZ • Primary care and specialty clinics • Imaging and diagnostic centers • Ambulatory surgery centers • Physical therapy and rehabilitation services • Cancer clinic/treatment centers Key Attributes: • Aging populatio
Slide 27: Medical Outpatient Buildings
Healthcare Medical Outpatient Buildings MOB’s long history of steady and resilient occupancy is further enhanced by increasing shift to outpatient care over inpatient care preferences. Average MOB Occupancy 1 Outpatient vs. Inpatient Services2 94% 93% 92% 91% 2Q2022 1Q2024 1Q2019 2Q2019 3Q2019 4Q201
Slide 28: Senior Housing
Healthcare Senior Housing • Private Pay Communities • Continuum of Care • Independent Living • Assisted Living • Memory Care • Active Adult (55+) Key Attributes: • Aging population • Extended longevity for healthy 80+ cohort • Increasing familial separation • Constrained supply • 5 consecutive years
Slide 29: Senior Housing Number of Units
Healthcare Senior Housing On pace towards a supply shortage of 560,000 units by 2030 with need to build 3x the current rate to meet demand1 Senior Housing Supply Crisis: A $275 Billion Investment Gap Projected by 2030 Number of Units 1 NIC Map Data. Senior Housing Market Outlook. 29
Slide 30: Senior Housing Communities by Age
Healthcare Senior Housing Wealthy Baby Boomers desire amenity-rich senior living communities, however majority of communities are 25 years or older Net Worth by Age1 Senior Housing Communities by Age of Units2 $180M Under 40 40-54 55-69 70+ 70% $160M 60% $140M $120M 50% Millions $ $100M 40% $80M 30%
Slide 31: Student Housing
Student Housing • Tier “1” university focus • Top rankings, athletics, research and brand recognition • Limited geographical footprint • Growing enrollment base • Amenity rich communities • Campus adjacent Key Attributes: • Historical recession resilience • Durable income streams • Parent guarantors
Slide 32: Student Housing Occupancy
Student Housing Student housing has exhibited long-term stable occupancy and strong rental growth Occupancy & Rent Growth1 New Student Housing Supply by Year2 Axiometrics 175 97.0% Averages Forecast 12.0% 150,000 Forecast Occupancy = 94.7% 96.0% Rent Growth = 3.0% 10.0% 130,000 2012-2020: Average 10
Slide 33: Student Housing Enrollment
Student Housing Enrollment at Power 4 Schools has grown 9.2X versus Non-Power 4 Schools Trailing 10-Year Average Annual Enrollment Growth1 Public Flagship Schools Generate 2x ROI 1.6 Compared to Private Schools2 1.4 1.4 Private 1.2 2.8x 1.0 Growth Public % 0.8 0.6 0.5 Elite Private 0.4 0.2 Public Fl
Slide 34: IPC Alternative Real Estate Income Trust, Inc.
IPC Alternative Real Estate Income Trust, Inc.
Slide 35: Key Portfolio Metrics as of June 30, 2026
Key Portfolio Metrics as of June 30, 2026 $417M Real Estate Investments 35 Properties 12 States 17 Markets Student Housing Self-Storage Healthcare Portfolio presented is that of the Operating Partnership. ALT REIT is the general partner of the Operating Partnership although ALT REIT has consolidated
Slide 36: Key Portfolio Metrics as of June 30, 2026
Key Portfolio Metrics as of June 30, 2026 ortfolio Healthcare | 81% of Total Portfolio e P r a Eye Care Dialysis c th No. of Properties 30 al Imaging & Student Housing e Ambulatory Radiology /H Total Square Feet 746,601 Surgery gs Self- ldin Leased 97.7% Dermatology Storage Outpatient Bui Student Ho
Slide 37: Medical Outpatient Building Portfolio at-a-Glance
Medical Outpatient Building Portfolio at-a-Glance 30 medical Consistently Stable cash 81% ($336.5M) of outpatient 746,601 total over 97% leased flow through current total building rentable square ft. to high quality long-term NNN portfolio properties tenants leases Medical Outpatient Building Geogra
Slide 38: Medical Outpatient Building Tenant Highlight: Ironwood
Medical Outpatient Building Tenant Highlight Ironwood Cancer & Research Centers Phoenix, AZ MSA • Eight properties across the Phoenix, AZ metropolitan statistical area (MSA) owned by ALT REIT • Ironwood Cancer & Research Centers is a leading private cancer-care provider, founded in 1993 • 14 locatio
Slide 39: Medical Outpatient Building Tenant Highlight: Memorial Hermann
Medical Outpatient Building Tenant Highlight Memorial Hermann Health System Houston, TX MSA • Two properties in the Houston, TX MSA owned by ALT REIT • One of the largest not-for-profit health systems in Southeast Texas, with 17 hospitals and 280+ care delivery sites • Our Kingwood and Houston prope
Slide 40: Inland's DST Exchange Program
Inland’s 721 DST Exchange Program
Slide 41: Multiple Engines of Growth
Multiple Engines of Growth ALT REIT’s portfolio construction includes the option to acquire properties through certain of Inland’s 721 DST programs at fair market value two years after 721 DST offering terminates 1 2 3 Investor sells a Invest sale proceeds ALT REIT, through its OP, property into 721
Slide 42: Inland's DST Program: The Parker
Inland’s 721 DST Program The Parker, Tucson, AZ Premier high-rise student housing community within walking distance to University of Arizona This property is not owned by ALT REIT. There is no guarantee that ALT REIT will own any property associated with the 721 DST program. 42
Slide 43: Inland's DST Program: The Balfour
Inland’s 721 DST Program The Balfour, Ann Arbor, MI Class “A” senior living community offering independent, assist living, and memory care services and managed by best-in-class operator This property is not owned by ALT REIT. There is no guarantee that ALT REIT will own any property associated with
Slide 44: Hypothetical Portfolio Progression
Hypothetical Portfolio Progression Self Senior Self Senior Living Storage Living Storage 11% 10% 12% 15% Self Student Storage Housing 6% 11% $414M $636M Student +$700M Housing Healthcare 27% Student Medical Outpatient 52% Healthcare Housing 48% 29% 88% | $323,230,000 Healthcare 80% Current State Acq
Slide 45: ALT REIT Offering Terms
ALT REIT Offering Terms Dealer Manager Inland Securities Corporation Structure Perpetual offering, public, non -traded REIT ALT REIT expects to invest substantially all of the net proceeds from this offering to acquire a diversified portfolio of sta bilized, income - generating commercial real estat
Slide 46: ALT REIT Share Classes
ALT REIT Share Classes Class T Class S Class D Class I Maximum Upfront Selling Commissions (1) 3.00% 3.50% 1.50% N/A Maximum Upfront Dealer Manager Fees (1) 0.50% N/A N/A N/A Ongoing Trail Commissions & Fees (2)(3)(4) Representative Distribution Commission (2)(3)(4) 0.65% N/A N/A N/A Dealer Distribu
Slide 47: The ALT REIT Value Proposition
The ALT REIT Value Proposition Limited Exposure Attractive Entry Point Clients may be under allocated towards Reset in real estate valuations with alternative real estate compelling supply/demand dynamics Access to Inland’s Platform Enhanced Portfolio Expansion Leverage Inland’s vertically integrate
Slide 48: ipcaltreit.com
INLAND ® ALTERNATIVE REAL ESTATE J INCOME TRUST ipcaltreit.com
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