-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WavL6gmnxdRKUlXGMlkXhN7B/GVG/6ZiQWjDm/fEodDQ47F6A4X90syBWM1qyQYl XzRr6iyT5HbRzAhjNNSUfg== 0000798359-07-000030.txt : 20070501 0000798359-07-000030.hdr.sgml : 20070501 20070501113248 ACCESSION NUMBER: 0000798359-07-000030 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070501 DATE AS OF CHANGE: 20070501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS REAL ESTATE TRUST CENTRAL INDEX KEY: 0000798359 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 450311232 STATE OF INCORPORATION: ND FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-141341 FILM NUMBER: 07804335 BUSINESS ADDRESS: STREET 1: 12 MAIN ST S STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 BUSINESS PHONE: 701-837-4738 MAIL ADDRESS: STREET 1: 12 MAIN ST S STREET 2: PO BOX 1988 CITY: MINOT STATE: ND ZIP: 58702-1988 424B3 1 iret424b3a042007.htm PROSPECTUS SUPPLEMENT 424(b)(3)/A

PROSPECTUS SUPPLEMENT DATED MAY 1, 2007
(To Prospectus dated March 28, 2007) 

Registration Statement No. 333-14134
Rule 424(b)(3) 

 

Investors Real Estate Trust
496,501 Common Shares of Beneficial Interest 

This Prospectus Supplement relates to the potential offer and sale, from time to time, by the Selling Shareholders, of up to 496,501 common shares of beneficial interest of Investors Real Estate Trust (IRET), if and to the extent that such Selling Shareholders exchange their units of limited partnership interest in IRET Properties, a North Dakota Limited Partnership, for IRET common shares of beneficial interest.  This Prospectus Supplement updates certain information included in our Prospectus dated March 28, 2007, and should be read together with the Prospectus, which is to be delivered with this Prospectus Supplement. 

The table of Selling Shareholders appearing on page 13 of the Prospectus is hereby revised as follows: 

The information included in the table of Selling Shareholders for Ridgedale Estates I and Ridgedale Estates II is hereby deleted, and is replaced with the information set forth in the table below.

Name of Selling Shareholder

Shares Owned Prior to the Offering(1)

 

Shares Being Offered (2)

 

Shares Owned After the Offering (3)

 

Percentage of Shares Owned After The Offering

Wayne Schmidgall

29,025.000

 

29,025.000

 

 

*

1998 Family Limited Partnership, Floyd Schmidgall, Trustee

38,834.000

 

38,834.000

 

 

*

Loren Gunderson

38,834.000

 

38,834.000

 

 

*

 

GRAPHIC 2 image001.jpg IRET LOGO begin 644 image001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T- M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBI MJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W M^/GZ_]H`"`$!```_`/9J**************************************** M**IZEJVGZ/:FZU*\AM81_%*X&?IZ_A7*6_Q>\'SW;0->S0J#@32P,$;W!'/Y M@5U.G:WI>K('T[4;:Z!Y_=2AC^57J**S[W7]'TZYCMKW4[6WFE8*D%/#,FIVL$F[?7+J)ST M6%]B*/0*.*N6GQ2\96F`-7\X#M/"C?KC-?0EE>PW5K%(L\4C,@)V.#SBK5%% M%<9\4/$NI>&/#<5SI;I'//<"(NZ;MH*DY`/&>*\`U#4K[5KHW6HW%?6=%%?+/BH`^+=7)YS>R]?]XU[G\)YI M9OA_9--*\A5Y%!=B2`&.!]*\S\8?%"7Q;H1TM])6U!E63S!-NZ=L8%<'12HS M1G*,R'U4XJY!K6K6O_'OJM[%C^Y<./ZUW7PY\?W-IKTO_"2^(;@V/V=@@N79 MQORN.Q.<9KT:Y^*'A&.UF>#6[>2948QH5?YFQP.GK7ELWQC\72W(FCDLX4'_ M`"Q6#*_B2<_K5WQ9XIO/%WPQMM0OH88IH]5\K$.0I`C)S@D^M>;T4^&4P3QS M*`3&X<`]R#FN]N/C3XJE;,46GP#T6%F_FU:FE?'#4O/BBU+2K6168*TD4C1X M!/7!R*]1'BOPZ5+#7=.P.I^U)_C7S;XDECG\3ZI-#(LD;WO]X?G2@@] M**4N0NTN=N<[<\9^E-W#U%&Y?[P_.ESGI10P*DJP*D=01@BDPOH*<%)4L%)4 M<$@<#\:2BO0/A3JPDUVW\/7&G6%S:W+22,\T`:12$SP3V^7I6O\`%[4(M&EB MT+3]*TZ"&[M_,DE2W42#YSP".G2O**](^$=_#>ZM_P`(_=Z5IUQ;F.2;S9;< M-+GCC<>U;?C3Q=#X/\71:;;^']*ELO*1Y`;<*_).<$<=!Z58^)W@C1I?#,WB M#3K6.SN;=5D;RE"K*A(&"!QGG.:\4K3T+77T"ZDN4L+*^\R/8T=Y#YBXSG@= MCQUKVSQ':Z-HG@9]?M/#FDM<"**0)):J4RQ7/OWK@-,^(R^9(P?F;N!CWK*^)!TA_%C2Z(+86DEO&X^S8"Y(YX'`/2LGPQ%93>)M M.74KB.WLQ.K322'"A1S@_7&/QKN-8^(^@W_B&0Q>$-/OHWE""ZN`-\@SC=C; M^5=AXZM?#OA'P^-4A\*Z9=,9EBV/$JCD'G('M7':_P"(=$UGX42&PLK/2[DW MZ"6S@(!)'\0&`2,8YQ7F=%=E\)EW?$2P]DE/_CAK8^./_(U6'_7E_P"SM7FM M=[\&1GQWGTM)/YK7>ZW8^#M7^)D%AK%M M8MLP$A^[C!/OBN(\+W/A"71?$L/A^RU""[.ER,[7D@;<@!R!@^I%>5+CH,4M M26YQ=0GTD7^=>[?&?GP&A_Z>XOY-7@N!G..:**]`^%=C;6>M0^(K[6-.M+:# MS(O*FG"RL2N,A3VYZUI?%FVLM=F37M.UO3)XK2W$3P)<`RL=YY4#K]ZO+:]) M^$ME#IFI?\)#?ZKIUM;-#)"LTV46:Q!8 MH[@&4,K<$`=>375:MJ7AKX@>!XXKK5;*SN9XQ)&)IE5H)AZ@G.,Y'N#7ANJZ M;)I.HRV,LUO.T1'[RWD$D;`C(((JQH>@S^(+J2V@N[.U*)N9[N81KC..#W-> MW^(SI6K>!#X>B\1:5'YBO M<8XS]#2?$Y-*T^31M%T>2&6WL;4[I(V5BS,>K$=3\N?QKA:W_"OAK^WKEI9- M6L-.@MG4NUW*%+P>/#I?B_PR=,T[Q#I23K,D@,MTH4@9XX^M>"3P MM;W$D#,C-&Y0LC94D'&0>XJ.BC`/848&
-----END PRIVACY-ENHANCED MESSAGE-----