CENTERSPACE — Director's Dealing 2014

Jul 9, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2014-07-07

Reporting Person: Holmes Ted E (SVP Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-07	Common Shares of Beneficial Interest	P	163.37	$8.5695	Acquired	25035.244	Direct

Footnotes

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