CENTERSPACE — Director's Dealing 2020

May 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INVESTORS REAL ESTATE TRUST (IRET)
CIK: 0000798359
Period of Report: 2020-05-19

Reporting Person: CAIRA JEFFREY (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-19	Restricted Stock Units	$	A	1845	Acquired	2021-05-19	Common Shares of Beneficial Interest (1845)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of IRET common stock.