CENTERSPACE — Director's Dealing 2013

Oct 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2013-10-07

Reporting Person: MIHALICK TIMOTHY P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-07	Common Shares of Beneficial Interest	P	1265.278	$7.9034	Acquired	101297.694	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	164.414	Indirect

Footnotes

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