CENTERSPACE — Director's Dealing 2014

Jan 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2013-12-13

Reporting Person: BRYANTT DIANE K (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-13	Common Shares of Beneficial Interest	G	5753.74	—	Acquired	58536.43	Direct
2014-01-07	Common Shares of Beneficial Interest	G	5959.476	—	Acquired	64495.906	Direct
2013-12-13	Common Shares of Beneficial Interest	G	154.915	—	Acquired	3495.189	Indirect
2013-12-13	Common Shares of Beneficial Interest	G	154.915	—	Acquired	3466.284	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	5760.997	Indirect