LIMITED POWER OF ATTORNEY FOR
SECTION 16 REPORTING OBLIGATIONS

Know all by these present, that the undersigned hereby makes, constitutes and
appoints each of Kenneth P. Regan, Joel S. Thomsen and Andrew Nick, each
acting individually, as the undersigned's true and lawful attorney-in-fact,
with full power and authority as hereinafter described on behalf of and in
the name, place and stead of the undersigned to:

(1)  prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5
(including any amendments thereto) with respect to the securities of
Sterling Real Estate Trust, d/b/a Sterling Multifamily Trust, a North
Dakota real estate investment trust (the "Trust"), with the United States
Securities and Exchange Commission, any national securities exchanges and
the Trust, as considered necessary or advisable under Section 16(a) of the
Securities Exchange Act of 1934 and the rules and regulations promulgated
thereunder, as amended from time to time (the "Exchange Act");

(2)  seek or obtain, as the undersigned's representative and on the
undersigned's behalf, information on transactions in the Trust's securities
from any third party, including brokers, employee benefit plan administrators
and trustees, and the undersigned hereby authorizes any such person to
release any such information to the undersigned and approves and ratifies
any such release of information; and

(3)  perform any and all other acts which in the discretion of such attorney
-in-fact are necessary or desirable for and on behalf of the undersigned
in connection with the foregoing.

The undersigned acknowledges that:

(1)  this Limited Power of Attorney authorizes, but does not require, each
such attorney-in-fact to act in their discretion on information provided to
such attorney-in-fact without independent verification of such information;

(2)  any documents prepared and/or executed by either such attorney-in-fact
on behalf of the undersigned pursuant to this Limited Power of Attorney will
be in such form and will contain such information and disclosure as such
attorney-in-fact, in his or her discretion, deems necessary or desirable;

(3)  neither the Trust nor either of such attorneys-in-fact assumes (i)
any liability for the undersigned's responsibility to comply with the
requirement of the Exchange Act, (ii) any liability of the undersigned
for any failure to comply with such requirements, or (iii) any obligation
or liability of the undersigned for profit disgorgement under Section
16(b) of the Exchange Act; and

(4)  this Limited Power of Attorney does not relieve the undersigned from
responsibility for compliance with the undersigned's obligations under the
Exchange Act, including without limitation the reporting requirements
under Section 16 of the Exchange Act.

The undersigned hereby gives and grants each of the foregoing attorneys-
in-fact full power and authority to do and perform all and every act and
thing whatsoever requisite, necessary or appropriate to be done in and
about the foregoing matters as fully to all intents and purposes as the
undersigned might or could do if present, hereby ratifying all that each
such attorney-in-fact of, for and on behalf of the undersigned, shall
lawfully do or cause to be done by virtue of this Limited Power of
Attorney.

This Limited Power of Attorney shall remain in full force and effect until
revoked by the undersigned in a signed writing delivered to each such
attorney-in-fact.  Notwithstanding the foregoing, if any attorney-in-fact
no longer serves as an executive officer of the Trust at any time while
this Limited Power of Attorney is in effect, the appointment of such
attorney-in-fact shall immediately be deemed revoked, and this Limited
Power of Attorney shall continue in full force and effect as to the
remaining attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Limited Power of
Attorney to be executed as of January 10, 2024.


				/s/ Megan E. Schreiner
				Megan E. Schreiner