Sterling Real Estate Trustee Timothy Haugen Trims Holdings
The transaction reflects both direct divestment and retained exposure via indirect interests held through a family trust.
February 10, 2026
Equity Sale and Retained Stake
Timothy Haugen, a trustee of Sterling Real Estate Trust, recently reduced his direct holdings in the company while maintaining a significant position through indirect and derivative interests. According to the latest disclosure, filed with the U.S. Securities and Exchange Commission, Haugen sold 2,746 common shares on February 5, 2026, at a price of $25.50 per share. That sale brings his direct ownership to just over 46,000 shares.
He continues to hold an indirect position of 15,519 shares through his wife, keeping a meaningful stake in the trust’s equity. Beyond these common shares, Haugen also holds a combined 28,852 limited partnership units that are exchangeable into common shares. These derivative securities are held both directly and indirectly—some in his name, and others in a trust account listed under Beth Haugen with rights transferred on death to him.
Flexible Terms and Ongoing Involvement
There’s no expiration tied to these units. The terms allow for exchange or redemption under the governing partnership agreement, giving Haugen flexibility in how and when those shares are realized. It’s a structure that keeps the door open to future activity while signaling a continued connection to the issuer.
The report, signed on February 9, 2026, by Michael P. Carlson under a previously filed power of attorney, reflects a routine update in the trustee’s investment position. While the direct sale stands out, the overall filing shows that Haugen continues to hold a diversified mix of interests—across both traditional equity and convertible units—aligned with the trust’s capital structure and redemption plans.
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