CENTERSPACE — Director's Dealing 2012

Jun 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2012-06-26

Reporting Person: WENTZ THOMAS A JR (Director, SVP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-26	Common Shares of Beneficial Interest	A	8219	—	Acquired	52508.068	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	10364.942	Indirect
Common Shares of Beneficial Interest	220692.12	Indirect

Footnotes

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

F2: Shares owned by a partnership of which Mr. Wentz is the general partner; Mr. Wentz disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the parthership.