0000798359-12-000004 Sample Contracts

INVESTORS REAL ESTATE TRUST At the Market Offering Sales Agreement
Sales Agreement • January 20th, 2012 • Investors Real Estate Trust • Real estate investment trusts • New York

Investors Real Estate Trust, a North Dakota real estate investment trust (the “Company”) and IRET Properties, a North Dakota limited partnership (the “Operating Partnership”), confirm their agreement (this “Agreement”) with BMO Capital Markets Corp. (“BMO”), as follows:

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