CENTERSPACE — Director's Dealing 2015

Sep 25, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2015-09-24

Reporting Person: Reiling Mark W (EVP & Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-24	Common Shares of Beneficial Interest	P	2000	$7.6035	Acquired	81226.513	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	5500	Indirect

Footnotes

F1: 48,300 of the shares are held in his IRA.