CENTERSPACE — Director's Dealing 2012

Apr 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2012-04-05

Reporting Person: STENEHJEM STEPHEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-05	Common Shares of Beneficial Interest	P	423.125	$7.0901	Acquired	104090.985	Direct

Footnotes

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