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CENTERSPACE Director's Dealing 2016

Jul 7, 2016

32208_dirs_2016-07-07_1749be37-0b15-4175-81b5-bc1d12e9f9d4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2016-07-05

Reporting Person: STENEHJEM STEPHEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-05	Common Shares of Beneficial Interest	P	474.308	$6.325	Acquired	113181.725	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	37859	Indirect
Common Shares of Beneficial Interest	12234.381	Indirect

Footnotes

F1: Acquired pursuant to automatic recurring cash investment with voluntary cash contributions under IRET's Distribution Reinvestment and Share Purchase Plan (DRIP).

F2: Includes 1,967.582 shares acquired on July 1, 2016 pursuant to distribution reinvestment under IRET's DRIP.