Management Change/Compensation Form 8 K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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On September 26, 2024, the Board of Trustees (the "Board") of Sterling Real Estate Trust (the "Trust') appointed David E. Perkins, 42, as the Trust's Vice President. Since January 2023, Mr. Perkins has served as Governor to Sterling Management, LLC (the "Advisor"), which is responsible for managing day-to-day affairs, overseeing capital projects, and identifying, acquiring, and disposing investments on behalf of the Trust. Mr. Perkins has extensive experience and expertise in the areas of commercial property ownership and management. Mr. Perkins spent the first five years of his career with Credit Suisse as a product controller managing revenue recognition and expense recoveries in the banks, mergers and acquisitions department. Mr. Perkins received his Bachelor of Science degree in Finance from Minnesota State University Moorhead (now known as MSUM)and his Master of Business Administration from Wake Forest University in Winston Salem, North Carolina. He also holds a real estate license in North Dakota, currently inactive.

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Mr. Perkins is the nephew of Timothy Hunt, who is a member of the Board. With respect to Item 404(a) of Regulation S-K, there are no relationships or related transactions between Mr. Perkins and the Trust that would be required to be reported.

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