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: SCOTT W DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-06	Common Shares of Beneficial Interest	P	1902.369	$6.965	Acquired	58794.125	Direct

Footnotes

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