About Investors Real Estate Trust

IRET is a multifamily real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily communities located primarily in select growth markets. As of July 31, 2017, IRET owned interests in 130 properties that were held for investment, including 88 multifamily properties consisting of 13,076 units and 42 commercial properties, which includes 29 healthcare properties, containing a total of approximately 2.6 million square feet of leasable space. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRETPRC, respectively). Additional information may be obtained through the Investors section of IRET's website at www.iretapartments.com or by contacting Investor Relations at 701-837-7104.