| Name of Subsidiary | State of Incorporation or Organization | |||||||
| Alatus New Hope, LLC | Minnesota | |||||||
| Centerspace, Inc. | North Dakota | |||||||
| Centerspace, LP, a North Dakota Limited Partnership | North Dakota | |||||||
| IRET-71 France, LLC | North Dakota | |||||||
| Alatus New Hope, LLC | Minnesota | |||||||
| IRET - Ashland Apartments, LLC | Delaware | |||||||
| IRET - Canyon Lake, LLC | North Dakota | |||||||
| IRET - Cardinal Point, LLC | North Dakota | |||||||
| IRET - Cimarron Hills, LLC | North Dakota | |||||||
| IRET - Colony Apartments (NE), LLC | Delaware | |||||||
| IRET Corporate Plaza, LLC | North Dakota | |||||||
| IRET-Cypress Court Apartments, LLC | North Dakota | |||||||
| IRET – Grandeville, LLC | North Dakota | |||||||
| IRET - Grand Gateway Apartments, LLC | Delaware | |||||||
| IRET - Homestead Gardens II, LLC | Delaware | |||||||
| IRET - Lakeside Apartments (NE), LLC | Delaware | |||||||
| IRET - Olympic Village (MT), LLC | North Dakota | |||||||
| IRET - Park Meadows, LLC | Delaware | |||||||
| IRET-QR, LLC | Delaware | |||||||
| IRET-Quarry Ridge, LLC | Delaware | |||||||
| IRET-RED 20, LLC | North Dakota | |||||||
| IRET - Rimrock, LLC | North Dakota | |||||||
| IRET - River Ridge Apartments, LLC | North Dakota | |||||||
| IRET - Rocky Meadows, LLC | North Dakota | |||||||
| IRET - SH1, LLC | North Dakota | |||||||
| IRET - Silver Spring, LLC | Delaware | |||||||
| IRET - South Fork Apartments, LLC | North Dakota | |||||||
| IRET - Sunset Trail, LLC | Delaware | |||||||
| IRET - Thomasbrook Apartments, LLC | North Dakota | |||||||
| IRET - Valley Park Manor, LLC | North Dakota | |||||||
| IRET - West Stonehill Apartments, LLC | North Dakota | |||||||
| IRET - Whispering Ridge Apartments, LLC | Delaware | |||||||