MINOT, N.D., Aug. 18, 2010 (GLOBE NEWSWIRE) -- Investors Real Estate Trust ("IRET") (Nasdaq:IRET) (Nasdaq:IRETP) announced today that its operating partnership, IRET Properties, has arranged a $60 million line of credit to be used for general corporate purposes, including acquisition and development, the ND based REIT says. First International Bank & Trust, a North Dakota state bank ("Lender"), has agreed to provide a revolving credit line with a commitment amount at the time of close of $39 million. At the discretion of the Lender, the total commitment available under the credit line may be increased to $60 million.
IRET Properties Completes New $60 Million Bank Facility
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