# EDGAR Filing Document

**Accession Number:** 0001412502
**File Stem:** 0000000000-25-010127
**Filing Date:** 2025-9
**Character Count:** 4196
**Document Hash:** 7e2cb2abb0b5c9e67864cd6ff1e10f05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-010127.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000000000-25-010127

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250917

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sterling Real Estate Trust
- **CENTRAL INDEX KEY:** 0001412502
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 900115411
- **STATE OF INCORPORATION:** ND
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 000-54295

**BUSINESS ADDRESS:**
- **STREET 1:** 4340 18TH AVE SOUTH
- **STREET 2:** SUITE 200
- **CITY:** FARGO
- **STATE:** ND
- **ZIP:** 58103
- **BUSINESS PHONE:** 701-353-2720

**MAIL ADDRESS:**
- **STREET 1:** 4340 18TH AVE SOUTH
- **STREET 2:** SUITE 200
- **CITY:** FARGO
- **STATE:** ND
- **ZIP:** 58103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INREIT Real Estate Investment Trust
- **DATE OF NAME CHANGE:** 20070917
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001558370-25-003293

## Text-Extract

```

                                                            September 17, 2025

Megan E. Schreiner
Interim Chief Financial Officer
Sterling Real Estate Trust
d/b/a Sterling Multifamily Trust
4340 18th Ave S., Suite 200
Fargo, ND 58103

        Re: Sterling Real Estate Trust
            Form 10-K for the Year Ended December 31, 2024
            Form 10-Q For the Quarterly Period Ended June 30, 2025
            File No. 000-54295
Dear Megan E. Schreiner:

       We have limited our review of your filing to the financial statements
and related
disclosures and have the following comment.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Form 10-Q For the Quarterly Period Ended June 30, 2025
Liquidity and Capital Resources, page 43

1.     We note your disclosure here, and in Note 7, with regard to your lines
of credit. Please
       address the following:
           You indicate that you have a $19.8 million line of credit with Gate
City Bank
          expiring July 2025, while in Note 7 you indicate the expiration date
is September
          2025, and in the 10-K for the year ended December 31, 2024, you
indicate that the
          line is $14.8 million, expiring in July 2029. Please clarify the
amount of the line
          and when it expires.
           To the extent your line of credit with Gate City Bank expires within
the next 12
          months, please tell us and revise your discussion of liquidity in
future filings to
          address how you intend to repay the line at its expiration date.
           We note that you began to carry a balance on your lines of credit in
the 2nd
          quarter of 2024, and then draws have increased through the first 2
quarters of
 September 17, 2025
Page 2

          2025. Please tell us if you believe your change in the utilization of
your lines of
          credit represents a strategic shift in your financing strategy, or if
you still consider
          these lines of credit as a means to enhance treasury management
activities and
          more effectively manage cash balances.

        In closing, we remind you that the company and its management are
responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review,
comments,
action or absence of action by the staff.

       Please contact Eric McPhee at 202-551-3693 or Wilson Lee at 202-551-3468
with any
questions.

                                                              Sincerely,

                                                              Division of
Corporation Finance
                                                              Office of Real
Estate & Construction

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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