{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-002034","form_type":"8-K","ticker":null,"cik":"0001412502","company_name":"Sterling Real Estate Trust","filed_at":"2025-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.563213+00:00","generated_at":"2026-05-25T17:19:26.850003+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Sterling Real Estate Trust enters $10M revolving note at 5.25% due Dec 2025","bullets":["Borrower Sterling Properties, LLLP draws up to $10M from affiliate Sterling Office and Industrial Properties, LLLP.","Note bears variable initial rate of 5.25%, interest-only monthly payments starting April 10, 2025.","Maturity date December 31, 2025; lender has call option on 30 days' notice.","The Company guarantees the note; prepayment permitted without penalty.","Related-party transaction: Borrower and Lender are both controlled by Sterling Real Estate Trust."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-002034","json":"https://secwatch.observer/filing/0001558370-25-002034.json","markdown":"https://secwatch.observer/filing/0001558370-25-002034.md","text":"https://secwatch.observer/filing/0001558370-25-002034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1412502/000155837025002034/0001558370-25-002034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1412502/000155837025002034/sret-20250226x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T17:19:26.850003+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":"e44a9015adc9fcf1a4679b589d7bceb0736b3e30","claim":"Sterling Real Estate Trust incurred revolving credit of $10,000,000 with Sterling Office and Industrial Properties, LLLP at 5.25%.","evidence_excerpt":"On February 26, 2025, Sterling Real Estate Trust (the \"Company\"), through its operating partnership, Sterling Properties L.L.L.P. (the \"Borrower\") entered into a promissory note with Sterling Office and Industrial Properties, LLLP (the \"Lender\") pursuant to which the Borrower [has borrowed/borrow up to] the principal amount of $10,000,000 from the Lender.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1412502/000155837025002034/0001558370-25-002034-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$10,000,000"},{"label":"Counterparty","value":"Sterling Office and Industrial Properties, LLLP"},{"label":"Rate","value":"5.25%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}