MINOT, N.D., April 2, 2013 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (NYSE:IRET) (the "Company"), a self-advised real estate investment trust that owns and operates multi-family residential properties and commercial office, medical, industrial and retail properties located primarily in the upper Midwest, today announced the pricing of its underwritten public offering of 5,750,000 common shares of beneficial interest, no par value per share (the "Common Shares"), at a public offering price of $9.25 per share, for net proceeds of approximately $50.9 million, after deducting the underwriting discount and other estimated offering-related costs.
CORRECTED: Investors Real Estate Trust Announces Pricing Of The Public Offering Of 5,750,000 Common Shares Of Beneficial Interest
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.