CENTERSPACE — Director's Dealing 2011

Jul 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2011-07-11

Reporting Person: BRYANTT DIANE K (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-11	Common Shares of Beneficial Interest	A	7150	—	Acquired	46497.632	Direct

Footnotes

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