CENTERSPACE — Director's Dealing 2010

Oct 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2010-10-05

Reporting Person: Greenberg Charles A (SVP - Commercial Asset Mgmt)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-05	Common Shares of Beneficial Interest	P	166.052	$8.13	Acquired	4706.431	Direct

Footnotes

F1: Voluntary cash contribution purchase under the issuer's Distribution Reinvestment and Share Purchase Plan.