<SEC-DOCUMENT>0001193125-20-238644-index.html : 20200903
<SEC-HEADER>0001193125-20-238644.hdr.sgml : 20200903
<ACCEPTANCE-DATETIME>20200903085911
ACCESSION NUMBER:		0001193125-20-238644
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20200903
DATE AS OF CHANGE:		20200903

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:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-248572
		FILM NUMBER:		201158355

	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>424B5
<SEQUENCE>1
<FILENAME>d28439d424b5.htm
<DESCRIPTION>424B5
<TEXT>
Document 1 - file: d28439d424b5.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g19959g38i13.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: g19959g38i13.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g28439g10c58.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: g28439g10c58.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g28439g38i13.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: g28439g38i13.jpg

</DOCUMENT>
</SEC-DOCUMENT>