A
-algebra
is said to have the ideal property if each closed two-sided ideal of
is
generated as a closed two-sided ideal by the projections inside the ideal.
-algebras
with the ideal property are a generalization and unification of real rank zero
-algebras and unital
simple
-algebras.
It was long expected that an invariant that we call
, consisting of the scaled
ordered total
-group
(used in the real rank zero case), along with the tracial state spaces
for each cut-down
algebra
, as part of the
Elliott invariant of
(for each
), with
certain compatibility conditions, is the complete invariant for a certain well behaved class of
-algebras with the
ideal property (e.g.,
algebras with no dimension growth). In this paper, we construct two nonisomorphic
algebras
and
with the ideal
property such that
,
disproving this conjecture. The invariant to distinguish the
two algebras is the collection of Hausdorffified algebraic
-groups
(for
each
),
along with certain compatibility conditions. We will prove in a separate article that,
after adding this new ingredient, the invariant becomes the complete invariant for
algebras (of no dimension growth) with the ideal property.