AIP Realty Trust is an open-ended mutual fund trust specializing in owning and managing a portfolio of AllTrades branded Serviced Industrial Business Suites (SIBS) light industrial flex facilities in the United States. These properties cater primarily to small businesses and service industries, including contractors, skilled trades, suppliers, repair services, last-mile delivery providers, and small assembly and distribution firms. The Trust holds exclusive rights to finance the development of and purchase all completed and leased AllTrades properties across North America, with a current focus on the rapidly expanding Dallas-Fort Worth market and broader Sunbelt states. AIP Realty Trust aims to provide low-tenant turnover, stable cash flows, and growth opportunities through its uniquely tailored industrial properties designed to meet the specific needs of small-space users in service and trade sectors. It operates through various subsidiaries and partners with AllTrades Industrial Properties, LLC, to drive development and property management initiatives.