CENTERSPACE — Director's Dealing 2012

Jan 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (iret)
CIK: 0000798359
Period of Report: 2012-01-06

Reporting Person: Martin Andrew (SVP-Residential Property Mgmt)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-06	Common Shares of Beneficial Interest	P	150.754	$6.965	Acquired	2238.624	Direct

Footnotes

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