Sterling Real Estate Trust (Form: 4, Received: 03/09/2026 14:31:59)

FORM 4 ☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Wieland James	2. Issuer Name and Ticker or Trading Symbol Sterling Real Estate Trust [ NONE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) __X__ Other (specify below) TRUSTEE
(Last) (First) (Middle) 4340 18TH AVE S, SUITE 200	3. Date of Earliest Transaction (MM/DD/YYYY) 3/6/2026
(Street) FARGO, ND 58103	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares								13,000	I	Trustmark Enterprises, Inc. ⁽¹⁾
Common Shares								205,886.8515	D
Common Shares								1	I	Wieland Legacy Trust ⁽²⁾

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Limited Partnership Units	$25.5							⁽³⁾	⁽⁴⁾	Common Shares	11,665.016		11,665.016	I	James S. Wieland LLC ⁽⁵⁾
Limited Partnership units	$25.5							⁽³⁾	⁽⁴⁾	Common Shares	35,408.425		35,408.425	I	JKD, Inc. ⁽⁶⁾
Limited Partnership Units	$25.5							⁽³⁾	⁽⁴⁾	Common Shares	756,756		756,756	I	Wieland Legacy Trust ⁽²⁾
Limited Partnership Units	$25.5							⁽³⁾	⁽⁴⁾	Common Shares	122,830		122,830	I	GF Corporation ⁽⁷⁾
Limited Partnership Units	$25.5	3/6/2026		P ⁽⁸⁾		45,875		⁽³⁾	⁽⁴⁾	Common Shares	1,097,319.8131	$0	1,143,194.8131	D

Explanation of Responses:
(1)	The reporting person has an ownership interest in Trustmark Enterprises, Inc. (Trustmark) and has shared voting control of the shares held by Trustmark. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest in such securities.
(2)	The reporting person has voting control over these shares.
(3)	The units are subject to exchange or redemption pursuant to the terms of the LLLP Agreement and the applicable redemption plan.
(4)	These derivative securities do not have an expiration date.
(5)	The reporting person has voting control over these units.
(6)	The reporting person has an ownership interest in JKD, Inc.
(7)	The reporting person is a beneficial owner of GF Corporation.
(8)	The reporting person acquired the Limited Partnership Units in connection with an UPREIT on 3/6/2026.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Wieland James 4340 18TH AVE S SUITE 200 FARGO, ND 58103		X		TRUSTEE

Signatures
Michael P. Carlson, as Attorney-in-Fact for James S Wieland pursuant to Power of Attorney previously filed		3/9/2026
^**Signature of Reporting Person		Date

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