CENTERSPACE — Director's Dealing 2011

Jan 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2011-01-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-05	Common Shares of Beneficial Interest	P	159.574	$8.46	Acquired	4866.005	Direct

Footnotes

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