CENTERSPACE — Director's Dealing 2017

May 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2017-04-30

Reporting Person: Kirchmann John (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-30	Common Shares of Beneficial Interest	A	24671	—	Acquired	24671	Direct

Footnotes

F1: Share award was issued under the 2015 Incentive Plan. One third of the shares vest on each of April 30, 2018, April 30, 2019 and April 30, 2020 if recipient remains in the continuous employ of the Company or an affiliate through the applicable vesting date.