CENTERSPACE — Director's Dealing 2010

Jun 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2010-06-22

Reporting Person: BRYANTT DIANE K (SVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-22	Common Shares of Beneficial Interest	A	2930	—	Acquired	27886.494	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	3371.092	Indirect

Footnotes

F1: Grant of stock bonus exempt under Rule 16b-3; awarded pursuant to 2008 Incentive Award Plan of IRET and IRET Properties.