Investors Real Estate Trust to Transfer Listing to the New York Stock Exchange

Investors Real Estate Trust to Transfer Listing to the New York Stock Exchange

MINOT, N.D., Dec. 5, 2012 (GLOBE NEWSWIRE) -- Investors Real Estate Trust
(Nasdaq:IRET) (Nasdaq:IRETP) (NYSE:IRET PRB) announced today that it plans to
transfer the listing of its common shares of beneficial interest, no par value
per share (the "Common Shares") and 8.25% Series A Cumulative Redeemable
Preferred Shares of Beneficial Interest, no par value per share (the "Series A
Preferred Shares") from the NASDAQ Global Select Market ("NASDAQ") to the New
York Stock Exchange ("NYSE"). The Common Shares and Series A Preferred Shares
have been approved for listing on the NYSE, and the Company expects the Common
Shares and Series A Preferred Shares to begin trading on the NYSE on December
18, 2012, under the ticker symbols "IRET" and "IRET PR", respectively. IRET's
7.95% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest,
no par value per share, are currently listed and trading on the NYSE under the
symbol "IRET PRB". The Common Shares and Series A Preferred Shares will
continue to trade on the NASDAQ until the transfer is completed.

Timothy P. Mihalick, IRET's President and Chief Executive Officer, said, "We
are pleased to join the significant majority of our real estate investment
trust peers who are listed on the NYSE. We believe a listing on the NYSE will
increase our visibility within the REIT investment community, consistent with
our goal to create value for our shareholders." Scott Cutler, Executive Vice
President, Head of Global Listings, NYSE Euronext, commented, "We're thrilled
with the decision by Investors Real Estate Trust to join the NYSE REIT
community. Our outstanding market quality and liquidity, innovative array of
issuer services, and global visibility platform will greatly benefit the
company and its shareholders.  We look forward to this exciting partnership."

Forward-Looking Statements

This release contains forward-looking statements within the meaning of
Section27A of the Securities Act and Section21E of the Securities and
Exchange Act of 1934 as amended. Statementsthat are not strictly historical
statements constitute forward-looking statements andmay often, but not
always,be identified by the use ofsuch words such as "expects","believes",
"intends", "anticipates", "plans", "estimates", "potential", "possible",or
"probable" orstatements that certain actions, events or results "may",
"will", "should", or "could" be taken, occur or be achieved. For example, the
delisting from the NASDAQ and listing on the NYSE of the Company's shares may
not occur within the expected timeframe due to factors beyond the Company's
control.Forward-looking statements are based oncurrentbeliefs and
expectationsand involve certain assumptions or estimatesthat involvevarious
risks and uncertainties thatcould cause actual results to differ materially
from those reflected in the statements.The Companyhas no duty, and assumes
no obligation, to update forward-looking statementsas a result ofnew
information, future events or changes inthe Company's expectations.

About Investors Real Estate Trust

Investors Real Estate Trust is an equity real estate investment trust.Its
business consists of owning and operating income-producing multi-family
residential and commercial properties located primarily in the upper
Midwest.Investors Real Estate Trust is based in Minot, North Dakota, and has
additional offices in Minneapolis and St. Cloud, Minnesota.

CONTACT: Lindsey Knoop Anderson
         Director of Investor Relations
         1400 31st Ave SW, Suite 60
         PO Box 1988
         Minot, North Dakota 58702-1988
         phone: 701.837.4738
         fax: 701.838.7785
         email:landerson@iret.com

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