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 and Angie
Stock, 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.
IN WITNESS WHEREOF, the undersigned has caused this Limited Power
of Attorney to be executed as of __________________, 2017.

/s/Joel S. Thomsen
______________
Joel S. Thomsen

STATE OF _____________)
COUNTY OF ____________)
On this ____ day of ______________, 2017, Joel S. Thomsen
personally appeared before me, and acknowledged that he executed
the foregoing instrument for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.


Notary Public

My Commission Expires: