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CENTERSPACE Director's Dealing 2011

Apr 7, 2011

32208_dirs_2011-04-07_bc5d06ca-4e12-4f1a-aea9-690ee09a1ad2.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2011-04-05

Reporting Person: MIHALICK TIMOTHY P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-05	Common Shares of Beneficial Interest	P	138.581	$9.02	Acquired	138.581	Indirect

Footnotes

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

F2: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.