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: BRYANTT DIANE K (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-07	Common Shares of Beneficial Interest	P	632.639	$7.9034	Acquired	3340.282	Indirect
2013-10-07	Common Shares of Beneficial Interest	P	632.639	$7.9034	Acquired	3311.377	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	58169.071	Direct

Footnotes

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