Material Agreement - Form 8-K

Item 1.01 Entry Into A Material Definitive Agreement

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Extension and Amendment to Advisory Agreement

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On March 21, 2024, Sterling Real Estate Trust (the "Company") adopted its Thirteenth Amended and Restated Advisory Agreement with Sterling Management, LLC, the Company's Advisor (the "Advisor"). The Thirteenth Amended and Restated Advisory Agreement, effective as of April 1, 2024, extends the term of the agreement for an additional year and includes terms and conditions that are substantially the same as the previous agreement.

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The description herein of the Thirteenth Amended and Restated Advisory Agreement is qualified in its entirety, and the terms therein are incorporated herein, by reference to the Thirteenth Amended and Restated Advisory Agreement filed as Exhibit 10.1 hereto.

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