8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):

June 26, 2012

INVESTORS REAL ESTATE TRUST

(Exact name of registrant as specified in its charter)

North Dakota	0-14851	45-0311232
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1400 31st Avenue, SW, Suite 60

Minot, ND 58701

(Address of principal executive offices, including zip code)

(701) 837-4738

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Investors Real Estate Trust (IRET) announced a management reorganization that includes a new executive appointment, effective June 27, 2012.

Thomas A. Wentz, Jr., formerly Senior Vice President and Chief Operating Officer, was appointed Executive Vice President and Chief Operating Officer, with his job duties revised to include responsibility for capital markets, asset acquisitions and dispositions and property development. Mr. Wentz’s previous direct responsibility for property operations and asset management has been transferred to a newly-appointed executive officer, Mark W. Reiling.

Mr. Reiling, 54, who was associated with the Towle Real Estate Company and its successors (now Cassidy Turley) in Minneapolis for approximately 30 years, 18 as its president, joined IRET on June 27, 2012 as Executive Vice President of Asset Management.  Mr. Reiling will oversee the operations of the Company’s entire real estate portfolio of 265 properties with over 12 million square feet of office, industrial, retail and medical space, and approximately 9,000 apartment units.

Diane Bryantt, formerly Senior Vice President and Chief Financial Officer, was appointed Executive Vice President and Chief Financial Officer.

Michael Bosh, formerly Senior Vice President and General Counsel, was appointed Executive Vice President and General Counsel.

Item 7.01                      Regulation FD Disclosure.

Investors Real Estate Trust issued a press release announcing the management reorganization, which is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 9.01                      Financial Statements and Exhibits.

(d)           Exhibits

Exhibit No.	Description
99.1	Press Release of Investors Real Estate Trust, dated June 28, 2012, announcing management reorganization.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INVESTORS REAL ESTATE TRUST

By: /s/  Timothy P. Mihalick

Timothy P. Mihalick

President & Chief Executive Officer

Date:  June 28, 2012

EX-99.1

Exhibit 99.1

Investors Real Estate Trust Announces New Executive Hire and Management Reorganization

Investors Real Estate Trust (IRET) announced the hiring of Mark W. Reiling as Executive Vice President of Asset Management.  In this role Mr. Reiling will oversee the operations of IRET’s entire real estate portfolio of 265 properties encompassing over 12 million sq. ft. of office, industrial, retail and medical space, and over 9,000 apartment units in 12 states.

Mr. Reiling brings 33 years of diversified real estate experience in real estate finance, brokerage, asset and property management, development, investment and consulting.  He was associated with the Towle Real Estate Company and its successors (now Cassidy Turley) for 30 years, 18 as president.  During that period he formed real estate partnerships which have acquired or developed over $250 million of property.

“I am very excited to be bringing my business and investment management expertise to IRET,” Mr. Reiling said.  IRET’s Chief Executive Officer and President, Timothy Mihalick, commented: “We are pleased to welcome Mark to IRET. His extensive experience in all aspects of real estate operations and finance, and the depth and breadth of his knowledge of the Minneapolis/St. Paul real estate market in particular, where IRET has a significant presence, will be of great value to us as we manage and expand our portfolio.”

IRET is a real estate investment trust headquartered in Minot, ND.  Mr. Reiling will be based in its Eden Prairie, Minnesota office.

With the addition of Mr. Reiling, IRET reorganized its senior management team by promoting to Executive Vice President three senior vice presidents of the Company: Diane Bryantt, formerly Senior Vice President and Chief Financial Officer, was appointed Executive Vice President and Chief Financial Officer; Michael Bosh, formerly Senior Vice President and General Counsel, was appointed Executive Vice President and General Counsel; and Thomas Wentz, Jr., formerly Senior Vice President and Chief Operating Officer, was appointed Executive Vice President and Chief Operating Officer.  Formerly, all property operations reported directly to the Chief Operating Officer. Property operations will now be the responsibility of Mr. Reiling as Executive Vice President of Asset Management; Mr. Reiling will report to the Executive Vice President and Chief Operating Officer. Mr. Wentz will assume responsibility for Capital Markets as well as asset acquisitions, dispositions and property development.