Troubled Product

InPoint Commercial Real Estate Income

A non-traded REIT that makes real estate loans. Its value per share is down by more than a third from its 2020 price, its monthly payout was just cut by three-quarters, and buybacks are suspended.

The Angry Attorney · October 23, 2026

What It Is

InPoint Commercial Real Estate Income is a non-traded real estate investment trust that makes commercial real estate loans. Its adviser is an affiliate of Inland. Shares don't trade on an exchange; the main way out was the company's share repurchase plan.

How It Was Sold

Through Inland Securities Corporation and participating broker-dealers, in an offering of up to $2.35 billion. In October 2020, Class A shares cost $23.14, including a $1.29 selling commission and a $0.27 dealer manager fee. Class D shares cost $21.57.

What Went Wrong

The value fell. The company reported Class D net asset value of $13.56 a share at March 31, 2026, against the $21.57 Class D price in 2020. That's a drop of about 37 percent (our calculation).
The offering ended. The company says its public offering officially terminated on November 1, 2025.
The payout was cut. The monthly distribution was $0.1042 a share for the July 2026 record date and $0.026 for the September 2026 record date, a cut of about 75 percent (our calculation). The company told stockholders the old distribution was not well aligned with what the portfolio was earning.
No way out. The company lists the suspension of its share repurchase plan as a risk and says it plans to hire an investment bank to explore strategic options.

Its reported value per share was about $13.48 at September 30, 2026.

Sources

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