IRET President & CEO, Tim Mihalick, Talks Midwestern Real Estate at 2011 REIT World

IRET President & CEO, Timothy P. Mihalick, recently made a trip to Dallas, Texas, to attend the 2011 REIT World Convention, an annual gathering hosted by NAREIT. While he was there, he sat down to discuss the Midwestern Real Estate Market and to comment on IRET’s time-tested strategy.

View the video interview with Timothy Mihalick or read the transcript here.

IRET's President &CEO, Tim Mihalick, sits down for an interview with REIT.com at REIT World 2011

NAREIT®, the National Association of Real Estate Investment Trusts®, is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. NAREIT’s members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.

Investors Real Estate Trust reports second quarter 2012 financial and operating results

MINOT, ND – Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) (“IRET” or the “Company”), today reported its financial and operating results for the three months ended October 31, 2011.

A complete financial and operating results earnings release is accessible on the main page of IRET’s website at http://www.iret.com under the heading, “Recent Financial News”. This release is also available at the following web page:

http://www.snl.com/irweblinkx/docs.aspx?iid=107231

(Note: If clicking on the above links does not open up a new web page, you may need to cut and paste the above urls into your browser’s address bar.)

Investors Real Estate Trust declares regular quarterly common share distribution, and declares Series A Preferred Share Distribution

Minot, ND – Investors Real Estate Trust (NASDAQ: IRET) (NASDAQ: IRETP) announced today that the Board of Trustees has declared a regular quarterly distribution of 13.00 cents per share/unit payable on January 16, 2012, to common shareholders and unitholders of record at the close of business on January 3, 2012.  The distribution reinvestment price will be the volume-weighted average NASDAQ share price on January 16, 2012, less a discount of 5%.  The Company has filed a registration statement with the Securities and Exchange Commission to register the number of common shares necessary to meet distribution reinvestment elections.

MarketPlace Foods to reopen Arrowhead location next spring

Re-post of story by: Dan Feldner – Staff Writer, Minot Daily News

Down but never out, MarketPlace Foods plans to reopen its store at Arrowhead Shopping Center next spring.

Ralph Towery, area director of MarketPlace, said while there was some discussion about not reopening the Arrowhead location, ultimately it was encouragement from employees and customers that made them realize reopening was the right thing to do. He said they run the company just like a family, a family which they consider the employees and customers to be a part of.

After MarketPlace realized just how many people were returning to the Arrowhead area, Towery said it was just a matter of sitting down with Kay Brunner, commercial property manager with IRET, which owns Arrowhead, to hammer out a long-term lease.

“We got that done, so we are coming back,” Towery said.

“And IRET wanted to make sure that we had a store that was committed to the community in this area,” Brunner added. “It was obvious that people were going to be returning and rebuilding, and they need this type of a facility.”

The new lease is for 30,000 square feet, which will be roughly the same size as the old store. Brunner said an employee break room is being moved from the grocery store to another location in the mall, but it’s not a change that will affect customers in any way…

Read the rest of the story here, at MinotDailyNews.com

IRET Properties and MarketPlace Foods Announce a Return to Arrowhead

Minot, ND – November 21, 2011 – IRET Properties and Marketplace Foods are excited to announce the return of the popular grocery store to the Arrowhead Shopping Center! Marketplace Foods and Investors Real Estate Trust, which owns the mall, signed a new, 30,000 sq. ft. lease agreement on November 17^th and hope to have the grocery store reopened—with some exciting enhancements—in March, 2012.

Marketplace Foods Store Director, Ralph Towery, commented, “Marketplace Foods has been part of the community since 1990 and many members of the staff have been part of Minot for most, if not all of their lives. This is our home and Arrowhead customers are part of our family.

“Marketplace Foods is a family owned chain of grocery stores, and we think of our staff and customers as family. Several times a day we get asked if we are returning to Arrowhead and we’ve been working hard to answer that question. Yes, we are coming back to Arrowhead Shopping Center. We are excited to get back to our neighborhood, serving our friends and family with fast, friendly service.”

“Bringing back Marketplace to Arrowhead is an exciting part of the rebuilding process for the neighborhood, and the city,” said IRET Commercial Property Manager, Kay Brunner. “Ace Hardware, Edward Jones, and Donovan’s Insurance are also going back in. The Barber Shop and Pathfinder Services are reopened and all of the State Agencies will be returning too, with more space than before, but there are still some great opportunities for businesses to grow with Arrowhead as the neighborhood rebuilds.”

About IRET

Investors Real Estate Trust (IRET) is a self-advised equity real estate investment trust that owns and operates income-producing multi-family residential and commercial properties located primarily in the upper Midwest states of Minnesota and North Dakota. Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis, Minnesota and Omaha, Nebraska.

This release was also published by the Minot Daily News. See the article here.

CONTACT INFO
Justin Fisk
Director – Marketing & Communications
1400 31^st Avenue SW, Suite 60
Minot, North Dakota 58702-1988
phone: 701.837.7189

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