CENTERSPACE — Director's Dealing 2013

Jan 9, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2013-01-07

Reporting Person: STENEHJEM STEPHEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-07	Common Shares of Beneficial Interest	P	347.5	$8.6331	Acquired	63919.149	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	37859.589	Indirect
Common Shares of Beneficial Interest	9732.692	Indirect

Footnotes

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