Sterling Real Estate Trust dba Sterling Multifamily Trust filed an 8-K report on September 22, 2026, announcing two material changes to its corporate governance structure.
The company amended and restated its Unit Redemption Plan. Under the new terms, the mandatory holding period for units to be eligible for redemption has been increased from one year to two years, effective immediately on September 22, 2026. The filing notes that the description of the plan is qualified in its entirety by the Amended and Restated Unit Redemption Plan filed as Exhibit 10.1.
In a separate action on the same date, the company adopted its Fourth Amended and Restated Sterling Real Estate Trust Trustee Compensation Plan. The amendment clarifies that trustees who are not considered "independent" are eligible for compensation, provided they are not an officer or employee of the Trust, nor an officer, employee, member, manager, or other member of management of the Advisor or any Affiliate of the Advisor. The terms of this compensation plan are detailed in Exhibit 10.2.
