<SEC-DOCUMENT>0001104659-17-006164.txt : 20170202
<SEC-HEADER>0001104659-17-006164.hdr.sgml : 20170202
<ACCEPTANCE-DATETIME>20170202164058
ACCESSION NUMBER:		0001104659-17-006164
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170131
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170202
DATE AS OF CHANGE:		20170202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVESTORS REAL ESTATE TRUST
		CENTRAL INDEX KEY:			0000798359
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				450311232
		STATE OF INCORPORATION:			ND
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35624
		FILM NUMBER:		17568854

	BUSINESS ADDRESS:	
		STREET 1:		1400 31ST AVENUE SW, SUITE 60
		STREET 2:		PO BOX 1988
		CITY:			MINOT
		STATE:			ND
		ZIP:			58702-1988
		BUSINESS PHONE:		701-837-4738

	MAIL ADDRESS:	
		STREET 1:		1400 31ST AVENUE SW, SUITE 60
		STREET 2:		PO BOX 1988
		CITY:			MINOT
		STATE:			ND
		ZIP:			58702-1988
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a17-3670_18k.htm
<DESCRIPTION>8-K
<TEXT>


<html>
<head>


   </head>
<body link=blue lang="EN-US">
<div style="font-family:Times New Roman;">
<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade align="center" style="color:black;"></div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade align="center" style="color:black;"></div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d)&nbsp;of the</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Securities Exchange Act of 1934</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report (Date of earliest event reported): <b>February&nbsp;2, 2017 (January&nbsp;31, 2017)</b></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">INVESTORS REAL ESTATE TRUST</font></b></p>
<p align="center" style="margin:0in 0in .0001pt .2in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of Registrant as specified in its charter)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade align="center" style="color:black;"></div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">North   Dakota</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">001-35624</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">45-0311232</font></b></p>    </td>   </tr>
<tr>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or Other   Jurisdiction<br>   of Incorporation or Organization)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File   Number)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="32%" valign="top" style="padding:0in 0in 0in 0in;width:32.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer   Identification No.)</font></p>    </td>   </tr>  </table>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1400 31st Avenue SW, Suite&nbsp;60<br> Post Office Box 1988<br> Minot, ND 58702-1988</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal executive offices) (Zip code)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(701) 837-4738</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s telephone number, including area code)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not Applicable</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or former address, if changed from last report)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160; Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b)) </p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c)) </p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<div style="border-bottom:solid windowtext 3.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\C902342\17-3670-1\task8259415\3670-1-ba.htm',USER='C902342',CD='Feb  2 12:14 2017' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1.01. Entry into a Material Definitive Agreement.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On January&nbsp;31, 2017, the Company&#146;s operating partnership,&nbsp;IRET Properties, a North Dakota Limited Partnership, entered into a Credit Agreement providing for an unsecured, variable interest rate, syndicated revolving line of credit with initial aggregate revolving credit commitments of $250 million from BMO Harris Bank N.A., KeyBank, National Association, PNC Bank, National Association, Royal Bank of Canada, U.S. Bank National Association, Associated Bank, National Association, Bank of North Dakota and Raymond James Bank, N.A. as lenders (&#147;Line of Credit&#148;). Bank of Montreal serves as Administrative Agent; KeyBank, National Association and PNC Bank, National Association as Syndication Agents; and BMO Capital Markets Corp., Keybanc Capital Markets Inc. and PNC Capital Markets, LLC as Joint Lead Arrangers and Joint Book Runners.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Line of Credit contains a $250 million accordion option, which exercise is subject to the satisfaction of certain conditions, but the maximum borrowing capacity of the Line of Credit will be based on the value of an unencumbered asset pool (&#147;UAP&#148;). The UAP may not consist of less than 15 properties that meet certain eligibility criteria, and eligible properties may be added and removed from the UAP subject to the satisfaction of certain conditions. The Line of Credit is guaranteed by the Company, the general partner of the operating partnership and each subsidiary that owns a UAP property; will accrue interest at a rate based either on a margin percentage over the Lender&#146;s Base Rate, ranging from 0.6% to 1.25%, or on a margin percentage over LIBOR, ranging from 1.6% to 2.25%, based on the Company&#146;s total leverage ratio; and has a four year termination date which may be extended for an additional one year period subject to the satisfaction of certain conditions.&nbsp; The Line of Credit also requires the payment of customary fees and contains covenants, representations and warranties and events of default customary for credit facilities of this type.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The foregoing summary of the principal terms of the Credit Agreement is qualified by reference to the Credit Agreement, a copy of which will be filed as an exhibit to the Company&#146;s quarterly report on Form&nbsp;10-Q for the fiscal quarter ended January&nbsp;31, 2017.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7.01.</font></b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b>Regulation FD Disclosure.</b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On February&nbsp;2, 2017, the Company issued a press release announcing the Line of Credit, which is attached hereto as Exhibit&nbsp;99.1.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The information set forth in this Item 7.01, including Exhibit&nbsp;99.1, is being furnished pursuant to Item 7.01 and shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or under the Exchange Act, except as expressly provided by specific reference in such a filing.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01</font></b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b>Financial Statements and Exhibits</b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160; Exhibits</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.84%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="86%" valign="bottom" style="padding:0in 0in 0in 0in;width:86.66%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="10%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.84%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number</font></b></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="86%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:86.66%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>    </td>   </tr>
<tr>
<td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="86%" valign="top" style="padding:0in 0in 0in 0in;width:86.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Release dated February&nbsp;2, 2017.</font></p>    </td>   </tr>  </table>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">2<a name="PB_2_120102_4980"></a></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\C902342\17-3670-1\task8259415\3670-1-ba.htm',USER='C902342',CD='Feb  2 12:14 2017' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:24.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INVESTORS   REAL ESTATE TRUST</font></b></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: February&nbsp;2,   2017</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="49%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Timothy P. Mihalick   </font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Timothy P. Mihalick</font>  </font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Executive Officer</font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.18%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">3<a name="PB_3_120507_7056"></a></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\C902342\17-3670-1\task8259415\3670-1-ba.htm',USER='C902342',CD='Feb  2 12:14 2017' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a17-3670_1ex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>


<html>
<head>




  </head>
<body link=blue lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="245" height="87" src="g36701mmi001.jpg" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IRET Announces Further Progress in Strategic Transformation</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">- Executes a New $250 Million Corporate Credit Facility &#151;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">- Completes Sale of 10 Senior Housing Assets for $119.5 Million -</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MINOT, N.D., February&nbsp;2, 2017 &#151;&nbsp;IRET (NYSE: IRET) today announced that on January&nbsp;31, 2017, its operating partnership,&nbsp;IRET Properties, a North Dakota Limited Partnership, entered into a new unsecured, syndicated revolving credit facility with commitments totaling $250 million.&#160; The new facility has a four year initial term and one year extension option, and a $250 million accordion feature, the exercise of which is subject to certain conditions.&#160; </font>Borrowings on the new facility will bear interest at grid pricing either of the Lender&#146;s Base Rate plus 60 to 125 basis points or of LIBOR plus 160 to 225 basis points, based on corporate leverage.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additionally,&nbsp;IRET today announced that it has completed the sale of ten senior housing properties, containing 900 units, on January&nbsp;18, 2017 and February&nbsp;1, 2017, by closing on two of the six previously announced sale agreements, for a combined total sales price of $119.5 million.&#160; After retiring mortgage debt and paying other closing costs,&nbsp;IRET&#160; received net cash proceeds of approximately $105.5 million, of which $48 million was used to pay down IRET&#146;s prior credit facility, which was retired on January&nbsp;31, 2017, $40 million was applied to the new credit facility with the remaining proceeds used for general corporate purposes. </font>The properties were sold to wholly-owned subsidiaries of Edgewood Properties, LLLP, which is an affiliate of the tenants that leased and operated the properties prior to the sales.&#160; Including sales of senior housing properties in 2016,&nbsp;IRET has now sold 18 of its 34 senior housing properties for a combined sales price of $163.4 million.&#160; IRET expects to close on the sale of the remaining 16 senior housing properties and one multifamily asset pursuant to the four outstanding sale agreements no later than by April&nbsp;28, 2017.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;With the sales of another ten senior housing properties, and the execution of a new, larger, unsecured credit facility, we continue to make meaningful strides in our transition to a premier multifamily company built on financial flexibility,&#148; said Chief Executive Officer, Tim Mihalick.&nbsp; &#147;These steps will not only strengthen our financial position, but allow us to recycle capital into multifamily assets and help support our future growth.&nbsp; We have made significant progress to date, and are focused on executing on our strategic initiatives and building long term value for our shareholders.&#148;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About IRET</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IRET focuses on the acquisition, development, redevelopment and management of multifamily communities located primarily in select growth markets throughout the Midwest. As of October&nbsp;31, 2016,&nbsp;IRET owned interests in 130 properties that were held for investment, consisting of: (1)&nbsp;86 multifamily properties consisting of 12,751 units, and (2)&nbsp;44 commercial properties, including 30 healthcare properties, containing a total of approximately 2.7 million square feet of leasable space. IRET&#146;s common shares and Series&nbsp;B preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: IRET and IRETPRB, respectively). IRET&#146;s press releases and supplemental information are available on its website at www.iret.com or by contacting Investor Relations at 701-837-7104.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Forward-Looking Statements</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain statements in this press release, including statements regarding IRET&#146;s plans and expectations with respect to its strategic transformation, are &#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of 1995.&nbsp; Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from projected results.&nbsp; Such risks, uncertainties and other factors include, but are not limited to:&nbsp; changes in operating costs; the effect of government regulation; the availability of capital; changes in general and local economic and real estate market conditions; IRET&#146;s ability to complete acquisitions and dispositions on attractive terms, or at all; IRET&#146;s ability to manage its current debt levels and repay or refinance its indebtedness upon maturity or other payment dates; IRET&#146;s ability to maintain financial covenant compliance under its debt agreements; fluctuations in interest rates; IRET&#146;s ability to maintain effective internal controls over financial reporting and disclosure controls and procedures; competition; IRET&#146;s ability to attract and retain skilled personnel; and those</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\109560\17-3670-1\task8259676\3670-1-mm.htm',USER='109560',CD='Feb  2 14:35 2017' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">risks and uncertainties detailed from time to time in IRET&#146;s filings with the Securities and Exchange Commission, including its Annual Report on Form&nbsp;10-K for the fiscal year ended April&nbsp;30, 2016.&nbsp; We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONTACT INFO</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Investor Relations</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stephen Swett<br> phone: 701-837-7104<br> email:</font> IR@iret.com</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\109560\17-3670-1\task8259676\3670-1-mm.htm',USER='109560',CD='Feb  2 14:35 2017' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g36701mmi001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g36701mmi001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !7 /4# 2(  A$! Q$!_\0
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M .#C#]H/2[R6WN=$^']M/ YCEBET>YC>-QP593.""/0BOW,\G X)'TK\0O\
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MXOT"RU72?@O:ZEIFI0)<VEW;>$KZ2&YB895T838*D$$&K-Q_P5!_;OM$+2?
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M:KX<O+4W6W&[9NF&<9&?J*_9G2]'MM#TZ"SL8(;*SM8UBA@@C$<4**,!548
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MH;?UP+6??C\U_2OQ3 (X_"OMO_@MO_P4)T?]MCXW:3HG@VZ:]\#>!$ECMKT
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M/_H]J\@D^:-AZ@BOW?!?[O3]%^1_'N:_[]5_Q/\ ,_IM_P"">O\ R8I\(/\
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MWG^S;?\ A:806OB.PW7_ (=OW'-G>*IPI/7RY!\CCT(/517\XWB_PGJ?P_\
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MW);JVWKV/U;%9S@<-1C7KU8QC+5.ZU]._P C\;OV_P#_ )/I^+__ &-VH_\
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M7;2O!-UXF\.:Y.5&HVT02:-X9I% #O%(B,DN,E7^;)7)9^R1\3H?%GQ'GM?
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'445D=1__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
