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Investors Real Estate Trust Announces Record Date For 2010 Annual Meeting

MINOT, N.D., June 24, 2010 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) announced today that its Board of Trustees has scheduled the Company's 2010 Annual Meeting of Shareholders for Tuesday, September 21, 2010 at 7:00 p.m. CDT at the Grand International, 1505 North Broadway, Minot, North Dakota. The record date for determination of the common shareholders entitled to vote at the meeting has been set at the close of business on July 23, 2010.

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, Minnesota and Omaha, Nebraska.

CONTACT:  Investors Real Estate Trust
          Lindsey Knoop Anderson, Director of Investor Relations
          701.837.4738 
          Fax: 701.838.7785 
          landerson@iret.com
          3015 16th Street SW, Suite 100
          PO Box 1988
          Minot, North Dakota 58702-1988

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