CENTERSPACE — Director's Dealing 2016

Jun 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2016-06-22

Reporting Person: BRYANTT DIANE K (COO and EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-22	Common Shares of Beneficial Interest	A	8736	—	Acquired	122392.383	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	6794.297	Indirect
Common Shares of Beneficial Interest	4104.769	Indirect
Common Shares of Beneficial Interest	4139.004	Indirect

Footnotes

F1: Share award was issued under the 2015 Incentive Plan. One third of the shares vest on each June 21, 2017, April 30, 2018 and April 30, 2019 if remains in the continuous employ of the Company or an affiliate through the applicable vesting date.