CENTERSPACE — Director's Dealing 2011

Oct 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (iret)
CIK: 0000798359
Period of Report: 2011-10-05

Reporting Person: Martin Andrew (SVP, Residential Property Mgmt)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-05	Common Shares of Benenfical Interest	P	152.501	$6.8852	Acquired	2087.87	Direct

Footnotes

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