{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-017185","form_type":"8-K","ticker":null,"cik":"0001412502","company_name":"Sterling Real Estate Trust","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.978651+00:00","generated_at":"2026-06-09T02:17:34.998243+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sterling Real Estate Trust restates Q2 2023 financials; noncontrolling interest error, material weakness","bullets":["Determined on Oct 26, 2023 that unaudited Q2 2023 interim financial statements (June 30, 2023) should no longer be relied upon.","Error in recording noncontrolling interest of the operating partnership; total net income and FFO unaffected.","Material weakness identified in internal control over financial reporting due to ineffective controls around financial reporting process.","Amended Q2 Form 10-Q to be filed on or about Nov 7, 2023; remediation steps to be detailed in that filing."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-017185","json":"https://secwatch.observer/filing/0001558370-23-017185.json","markdown":"https://secwatch.observer/filing/0001558370-23-017185.md","text":"https://secwatch.observer/filing/0001558370-23-017185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1412502/000155837023017185/0001558370-23-017185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1412502/000155837023017185/sret-20231026x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T02:17:34.998243+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"feea8ab206668b976d5e4d13d8134802edbb51f5","claim":"Sterling Real Estate Trust reported that prior financial statements should not be relied upon.","evidence_excerpt":"On October 26, 2023, after discussions with its independent registered public accounting firm, RSM US LLP, Sterling Real Estate Trust (the \"Company\") determined that the Company's unaudited interim condensed financial statements for the quarter ended June 30, 2023 (the \"Q2 Financial Statements\") as included in the previously filed Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, as filed with the Securities and Exchange Commission on August 9, 2023 (the \"Q2 Form 10-Q\"), should no longer be relied upon.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1412502/000155837023017185/0001558370-23-017185-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"RSM US LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}