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Investors Real Estate Trust To Participate In The 7th Annual North American Real Estate BMO Conference And Announces The Development Of River Ridge

MINOT, N.D., Aug. 31, 2012 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) (NYSE:IRET PRB) today announced that Timothy Mihalick, IRET's President and CEO, will participate in the panel "Local Sharpshooters and Specialists: Is Less More?" at the BMO Capital Markets 7 th Annual North American Real Estate Conference on Thursday, September 6, 2012 at 8:00 am CDT.

BMO will provide a live webcast of the panel discussion on its website at:

http://www.bmocm.com/conferences/NARealEstate2012/webcast

The webcast will be archived for 6 months following the conference.

Additionally, IRET's newest addition to our Bismarck-Mandan, ND family of apartment homes, River Ridge, recently broke ground. The 146-unit luxury apartments will feature numerous amenities including a pool, exercise facility, underground parking, and distinctive apartment floor plans.

River Ridge is located next to IRET's Cottonwood Apartment Homes. The completion of the project is estimated for fall 2013.

About Investors Real Estate Trust

Investors Real Estate Trust is a self-advised 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 states of Minnesota and North Dakota. Investors Real Estate Trust is based in Minot, North Dakota, and has an additional office in Minneapolis, Minnesota.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. These statements relate to the Company's development project and the timing of its expected completion. No assurances can be given that the project will be completed as described; development projects are subject to numerous conditions many of which are beyond the control of the Company, including, without limitation, factors affecting the progress of construction and other factors, including those set forth in the Risk Factors section of the Company's periodic reports and other documents filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements after the date of this release.  

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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