Common Shares Underwriting AgreementUnderwriting Agreement • April 5th, 2013 • Investors Real Estate Trust • Real estate investment trusts • New York
Investors Real Estate Trust, a North Dakota real estate investment trust (the "Company"), proposes, subject to the terms and conditions stated herein, to issue and sell an aggregate of 5,750,000 shares (the "Firm Shares") of the Company's common shares of beneficial interest, no par value per share (the "Common Shares"), to the several underwriters named in Schedule I (collectively, the "Underwriters"), for whom BMO Capital Markets Corp., a Delaware corporation ("BMOCM"), is acting as representative (the "Representative"). The Company has also agreed to grant to the Underwriters an option (the "Option") to purchase up to an additional 862,500 Common Shares (the "Option Shares") on the terms and for the purposes set forth in Section 1(b). The Firm Shares and the Option Shares are hereinafter collectively referred to as the "Shares." The Company owns 100% of IRET, Inc., which is the sole general partner (the "General Partner") of IRET Properties, A North Dakota Limited Partnership, a Nor
