Sterling Office and Industrial Trust
Real Estate - Fargo, North Dakota, United States
Sterling Office and Industrial Trust Employees
Sterling Office and Industrial Trust Senior Management
Sterling Office and Industrial Trust Details
Sterling Office and Industrial Trust is an unincorporated North Dakota trust formed on March 2, 2016, to invest primarily in a diversified portfolio of freestanding, single or multi-tenant office and industrial properties net leased to creditworthy tenants and other real estate related assets. The Trust will elect to be taxed as a Real Estate Investment Trust ("REIT") under Sections 856-860 of the Internal Revenue Code.The Trust's financial services include the acquisition, disposition, investment, financing, ownership and management of office and industrial properties. Other financial services include, arranging for and managing real estate brokerage, rental, leasing, and property management.Sterling Office and Industrial Trust is an Umbrella Partnership Real Estate Investment Trust, and holds all of its properties in a separate partnership, Sterling Office and Industrial Properties, LLLP ("Sterling Office and Industrial Properties"). The Trust controls Sterling Office and Industrial Properties and acts as its general partner. The Trust uses Sterling Office and Industrial Properties to acquire properties, including through the exchange of limited partnership units for properties.Sterling Office and Industrial Trust operates under the direction of the Board of Trustees, the members of which are accountable to the Trust and its shareholders as fiduciaries. However, the Trust has no paid employees and therefore retains a management company to manage the Trust's, and Sterling Office and Industrial Properties' day-to-day affairs. Since inception, the Trust has relied upon Sterling Management, LLC as its external management company. Sterling Management has proudly served REITs for more than 15 years, its CEO, President, CIO and CAO serve concurrently as the Trust's executive officers.
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