Investors Real Estate Trust 8-K $8.25 Issue/TITLE> </HEAD> <BODY BGCOLOR="#ffffff"> <H4><CENTER><FONT FACE="Arial">FORM 8-K</FONT></CENTER></H4> <P><CENTER><B><FONT FACE="Arial">CURRENT REPORT</FONT></B></CENTER></P> <P><CENTER><B><BR> <FONT FACE="Arial">PURSUANT TO SECTION 13 OR 15(D) OF THE<BR> SECURITIES EXCHANGE ACT OF 1934</FONT></B></CENTER></P> <H5><CENTER><BR> <FONT FACE="Arial">Date of Report (Date of earliest event reported): November 30, 1999</FONT></CENTER></H5> <P><CENTER><B><FONT FACE="Arial"><BR> INVESTORS REAL ESTATE TRUST<BR> </FONT></B>(Exact name of registrant as specified in its charter)</CENTER></P> <P><CENTER><TABLE WIDTH="507" BORDER="0" CELLSPACING="2" CELLPADDING="4" HEIGHT="200"> <TR> <TD WIDTH="36%" HEIGHT="28" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">NORTH DAKOTA</FONT></CENTER></H5> </TD> <TD WIDTH="36%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial"> 0-14851</FONT></CENTER></H5> </TD> <TD WIDTH="28%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial"> 45-0311232</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="36%" HEIGHT="69" VALIGN="BOTTOM"> <P><CENTER> (State or other jurisdiction of incorporation or organization)</CENTER></TD> <TD WIDTH="36%" VALIGN="BOTTOM"> <P><CENTER> (Commission FileNumber)</CENTER></TD> <TD WIDTH="28%" VALIGN="BOTTOM"> <P><CENTER> (I.R.S. Employer<BR> Identification No.)</CENTER></TD> </TR> <TR> <TD WIDTH="36%" HEIGHT="44" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">12 SOUTH MAIN STREET <BR> MINOT, NORTH DAKOTA</FONT></CENTER></H5> </TD> <TD WIDTH="36%" VALIGN="BOTTOM"></TD> <TD WIDTH="28%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial"> 58701</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="36%" HEIGHT="48"> <P><CENTER> (Address of principal <BR> executive offices)</CENTER></TD> <TD WIDTH="36%"> </TD> <TD WIDTH="28%"> <P><CENTER> (Zip Code)</CENTER></TD> </TR> </TABLE><BR> </CENTER></P> <H5><CENTER><FONT FACE="Arial">(701) 837-4738</FONT></CENTER></H5> <P><CENTER>(Registrant's telephone number, including area code)</CENTER></P> <P><CENTER> </CENTER></P> <H5><FONT FACE="Arial">ITEM 5. OTHER EVENTS</FONT></H5> <P>Investors Real Estate Trust (the "Company") files this Report of Sales of Securities and Use of Proceeds Therefrom as a final report in Accordance with Rule 463 (17 CFR 230.463).</P> <P>1. (a) State the name of the issuer or successor issuer filing the report.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>INVESTORS REAL ESTATE TRUST</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>2. (a) Indicate the effective date of the registration statement for which this form is filed.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>September 1, 1999</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P> (b) Provide the SEC file number assigned to the registration statement.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>1.333-84839</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P> (c) If the issuer has been assigned a CUSIP number, specify the first (6) digits.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>461730</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>3. (a) Has the offering commenced?</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>Yes ( X ) No ( )</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P> (b) If yes, indicate the date the offering commenced.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>September 1, 1999</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>4. Did the offering terminate before any securities were sold?</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>Yes ( ) No ( X )</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>5. Did the offering terminate prior to the sale of all securities registered?</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>Yes ( ) No ( X )</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>6. Furnish the name(s) of the managing underwriter(s), if any.</P> <BLOCKQUOTE> <P><TABLE WIDTH="390" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="10%"> <B>(01)</B></TD> <TD WIDTH="90%"> <B>Inland National Securities, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(02)</B></TD> <TD WIDTH="90%"> <B>American Investment Services, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(03)</B></TD> <TD WIDTH="90%"> <B>Huntingdon Securities Corp.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(04)</B></TD> <TD WIDTH="90%"> <B>Garry Pierce Financial Services, LLP</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(05)</B></TD> <TD WIDTH="90%"> <B>PrimeVest Financial Services</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(06)</B></TD> <TD WIDTH="90%"> <B>ND Capital, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(07)</B></TD> <TD WIDTH="90%"> <B>Berthel Fisher Financial Services, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(08)</B></TD> <TD WIDTH="90%"> <B>Netcap Preferred Equity</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(09)</B></TD> <TD WIDTH="90%"> <B>Investment Centers of America, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(10) </B></TD> <TD WIDTH="90%"> <B>Invest Financial Corp.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(11)</B></TD> <TD WIDTH="90%"> <B>First Montauk Securities Corp.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(12)</B></TD> <TD WIDTH="90%"> <B>Fintegra Financial Solutions</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(13)</B></TD> <TD WIDTH="90%"> <B>American Heartland Investments, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(14)</B></TD> <TD WIDTH="90%"> <B>Pro Equities, Inc.</B></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>7. (a) Indicate the title and code of each class of securities registered and, where a class of convertible securities is being registered, indicate the title and code of any class of securities into which such securities may be converted.</P> <BLOCKQUOTE> <P><TABLE WIDTH="386" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="58%"> <H5><CENTER><FONT FACE="Arial"> Title of Security</FONT></CENTER></H5> </TD> <TD WIDTH="42%"> <H5><CENTER> <FONT FACE="Arial">Code</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="58%"> (01) Shares of Beneficial Interest</TD> <TD WIDTH="42%"> <P><CENTER>EQ</CENTER></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>8. Indicate on the following table the amount and aggregate offering price of securities registered and sold to date for the account of the issuer and for the account(s) of any selling security holder(s).</P> <H5><FONT FACE="Arial">FOR THE ACCOUNT OF THE ISSUER</FONT></H5> <BLOCKQUOTE> <P><TABLE WIDTH="551" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER> <FONT FACE="Arial">Title of Security</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Amount Registered</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Aggregate Price of Offering Amount Registered</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Amount Sold</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Aggregate Offering Price of Amount Sold</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>Shares of <BR> Beneficial Interest</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>1,000,000</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>$8,250,000</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>1,000,000</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>$8,250,000</CENTER></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>9. State, if known, or furnish a reasonable estimate of, the amount of expenses incurred for the issuer's account in connection with the issuance and distribution of the securities registered for each category listed below. Place an "X" to the left of any amount given that is an estimate.</P> <BLOCKQUOTE> <P><TABLE WIDTH="620" HEIGHT="298" BORDER="0" CELLSPACING="4" CELLPADDING="0"> <TR> <TD WIDTH="51%" HEIGHT="167"> </TD> <TD WIDTH="29%" HEIGHT="167" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to directors, officers, general partners of the issuer or their associates; to persons owning ten percent or more of any class of equity securities of the issuer; and to affiliates of the issuer</FONT></H5> </TD> <TD WIDTH="20%" HEIGHT="167" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to others</FONT></H5> </TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> (01) Underwriting discounts and commissions</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P ALIGN=RIGHT>$ 622,377</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (02) Finders' Fees</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="10" BGCOLOR="#ffffcc"> (03) Expenses paid to or for underwriters</TD> <TD WIDTH="29%" HEIGHT="10" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="10" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (04) Other expenses</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ <U>0</U></CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ <U>48,431</U></TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (05) Total Expenses</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER><B>$<U> 0</U></B></CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT><B>$<U>670,808</U></B></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>10. Indicate the net offering proceeds to the issuer after the total expenses in No. 9 above.</P> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>$<U>7,579,192</U></B></P> </BLOCKQUOTE> </BLOCKQUOTE> <P>11. State, if known, or furnish a reasonable estimate of, the amount of net offering proceeds to the issuer used for each of the purposes listed below. Do not include any amount in "working capital" to which a more specific category is applicable. Place an "X" to the left of any amount given that is an estimate.</P> <BLOCKQUOTE> <P><TABLE WIDTH="620" HEIGHT="453" BORDER="0" CELLSPACING="4" CELLPADDING="0"> <TR> <TD WIDTH="51%" HEIGHT="151"> </TD> <TD WIDTH="29%" HEIGHT="151" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to directors, officers, general partners of the issuer or their associates; to persons owning ten percent or more of any class of equity securities of the issuer; and to affiliates of the issuer</FONT></H5> </TD> <TD WIDTH="20%" HEIGHT="151" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to others</FONT></H5> </TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> (01) Construction of plant, building and facilities</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="24" BGCOLOR="#ffffcc"> (02) Purchase and installation of machinery <BR> and equipment</TD> <TD WIDTH="29%" HEIGHT="24" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="24" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (03) Purchase of real estate</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$7,579,192</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (04) Acquisition of other businesses(es)</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (05) Total Expenses</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (06) Working Capital</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="61"> <P>Temporary investment (specify)</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>None.</B></BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> </TD> <TD WIDTH="29%" HEIGHT="61"> </TD> <TD WIDTH="20%" HEIGHT="61"> </TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="61"> <P>Other purposes (specify)</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>None.</B></BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> </TD> <TD WIDTH="29%" HEIGHT="61"> </TD> <TD WIDTH="20%" HEIGHT="61"> </TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>12. Do the use(s) of proceeds in No. 11 represent a material change in the use(s) of proceeds described in the prospectus?</P> <BLOCKQUOTE> <BLOCKQUOTE> <P>Y<B>es ( ) No ( X )</B></P> </BLOCKQUOTE> <P><TABLE WIDTH="600" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="100%"> <H5><CENTER> <FONT FACE="Arial">SIGNATURE</FONT></CENTER></H5> <P>Pursuant to the requirements of Rule 463 under the Securities Act of 1933, INVESTORS REAL ESTATE TRUST has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P> <H5><FONT FACE="Arial">INVESTORS REAL ESTATE TRUST</FONT></H5> <P> </P> <P>By: <U>/S/ Thomas A. Wentz, Jr.</U><BR> Thomas A. Wentz, Jr.<BR> Vice-President</P> <P>Date: December 6, 1999</TD> </TR> </TABLE><BR> </P> </BLOCKQUOTE> <P> </BODY> </HTML> </TEXT> </DOCUMENT> </SEC-DOCUMENT> -----END PRIVACY-ENHANCED MESSAGE-----

-----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, VNvncRR4s7GiqQeqLQ6o7G1DNUZKq4iXmybLJvoGUgkb3SlSJHeqQyr4xwhg4hO1 A0lNjgngXTb4qLKgDJEbWQ== 0000798359-99-000042.txt : 19991207 0000798359-99-000042.hdr.sgml : 19991207 ACCESSION NUMBER: 0000798359-99-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991130 ITEM INFORMATION: FILED AS OF DATE: 19991206 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: 8-K SEC ACT: SEC FILE NUMBER: 000-14851 FILM NUMBER: 99769274 BUSINESS ADDRESS: STREET 1: 12 S MAIN CITY: MINOT STATE: ND ZIP: 58701 BUSINESS PHONE: 7018374738 MAIL ADDRESS: STREET 1: 12 S MAIN CITY: MINOT STATE: ND ZIP: 58701 8-K 1 Investors Real Estate Trust 8-K $8.25 Issue/TITLE> </HEAD> <BODY BGCOLOR="#ffffff"> <H4><CENTER><FONT FACE="Arial">FORM 8-K</FONT></CENTER></H4> <P><CENTER><B><FONT FACE="Arial">CURRENT REPORT</FONT></B></CENTER></P> <P><CENTER><B><BR> <FONT FACE="Arial">PURSUANT TO SECTION 13 OR 15(D) OF THE<BR> SECURITIES EXCHANGE ACT OF 1934</FONT></B></CENTER></P> <H5><CENTER><BR> <FONT FACE="Arial">Date of Report (Date of earliest event reported): November 30, 1999</FONT></CENTER></H5> <P><CENTER><B><FONT FACE="Arial"><BR> INVESTORS REAL ESTATE TRUST<BR> </FONT></B>(Exact name of registrant as specified in its charter)</CENTER></P> <P><CENTER><TABLE WIDTH="507" BORDER="0" CELLSPACING="2" CELLPADDING="4" HEIGHT="200"> <TR> <TD WIDTH="36%" HEIGHT="28" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">NORTH DAKOTA</FONT></CENTER></H5> </TD> <TD WIDTH="36%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial"> 0-14851</FONT></CENTER></H5> </TD> <TD WIDTH="28%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial"> 45-0311232</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="36%" HEIGHT="69" VALIGN="BOTTOM"> <P><CENTER> (State or other jurisdiction of incorporation or organization)</CENTER></TD> <TD WIDTH="36%" VALIGN="BOTTOM"> <P><CENTER> (Commission FileNumber)</CENTER></TD> <TD WIDTH="28%" VALIGN="BOTTOM"> <P><CENTER> (I.R.S. Employer<BR> Identification No.)</CENTER></TD> </TR> <TR> <TD WIDTH="36%" HEIGHT="44" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">12 SOUTH MAIN STREET <BR> MINOT, NORTH DAKOTA</FONT></CENTER></H5> </TD> <TD WIDTH="36%" VALIGN="BOTTOM"></TD> <TD WIDTH="28%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial"> 58701</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="36%" HEIGHT="48"> <P><CENTER> (Address of principal <BR> executive offices)</CENTER></TD> <TD WIDTH="36%"> </TD> <TD WIDTH="28%"> <P><CENTER> (Zip Code)</CENTER></TD> </TR> </TABLE><BR> </CENTER></P> <H5><CENTER><FONT FACE="Arial">(701) 837-4738</FONT></CENTER></H5> <P><CENTER>(Registrant's telephone number, including area code)</CENTER></P> <P><CENTER> </CENTER></P> <H5><FONT FACE="Arial">ITEM 5. OTHER EVENTS</FONT></H5> <P>Investors Real Estate Trust (the "Company") files this Report of Sales of Securities and Use of Proceeds Therefrom as a final report in Accordance with Rule 463 (17 CFR 230.463).</P> <P>1. (a) State the name of the issuer or successor issuer filing the report.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>INVESTORS REAL ESTATE TRUST</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>2. (a) Indicate the effective date of the registration statement for which this form is filed.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>September 1, 1999</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P> (b) Provide the SEC file number assigned to the registration statement.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>1.333-84839</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P> (c) If the issuer has been assigned a CUSIP number, specify the first (6) digits.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>461730</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>3. (a) Has the offering commenced?</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>Yes ( X ) No ( )</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P> (b) If yes, indicate the date the offering commenced.</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>September 1, 1999</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>4. Did the offering terminate before any securities were sold?</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>Yes ( ) No ( X )</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>5. Did the offering terminate prior to the sale of all securities registered?</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>Yes ( ) No ( X )</B></P> </BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> <P>6. Furnish the name(s) of the managing underwriter(s), if any.</P> <BLOCKQUOTE> <P><TABLE WIDTH="390" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="10%"> <B>(01)</B></TD> <TD WIDTH="90%"> <B>Inland National Securities, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(02)</B></TD> <TD WIDTH="90%"> <B>American Investment Services, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(03)</B></TD> <TD WIDTH="90%"> <B>Huntingdon Securities Corp.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(04)</B></TD> <TD WIDTH="90%"> <B>Garry Pierce Financial Services, LLP</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(05)</B></TD> <TD WIDTH="90%"> <B>PrimeVest Financial Services</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(06)</B></TD> <TD WIDTH="90%"> <B>ND Capital, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(07)</B></TD> <TD WIDTH="90%"> <B>Berthel Fisher Financial Services, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(08)</B></TD> <TD WIDTH="90%"> <B>Netcap Preferred Equity</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(09)</B></TD> <TD WIDTH="90%"> <B>Investment Centers of America, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(10) </B></TD> <TD WIDTH="90%"> <B>Invest Financial Corp.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(11)</B></TD> <TD WIDTH="90%"> <B>First Montauk Securities Corp.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(12)</B></TD> <TD WIDTH="90%"> <B>Fintegra Financial Solutions</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(13)</B></TD> <TD WIDTH="90%"> <B>American Heartland Investments, Inc.</B></TD> </TR> <TR> <TD WIDTH="10%"> <B>(14)</B></TD> <TD WIDTH="90%"> <B>Pro Equities, Inc.</B></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>7. (a) Indicate the title and code of each class of securities registered and, where a class of convertible securities is being registered, indicate the title and code of any class of securities into which such securities may be converted.</P> <BLOCKQUOTE> <P><TABLE WIDTH="386" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="58%"> <H5><CENTER><FONT FACE="Arial"> Title of Security</FONT></CENTER></H5> </TD> <TD WIDTH="42%"> <H5><CENTER> <FONT FACE="Arial">Code</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="58%"> (01) Shares of Beneficial Interest</TD> <TD WIDTH="42%"> <P><CENTER>EQ</CENTER></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>8. Indicate on the following table the amount and aggregate offering price of securities registered and sold to date for the account of the issuer and for the account(s) of any selling security holder(s).</P> <H5><FONT FACE="Arial">FOR THE ACCOUNT OF THE ISSUER</FONT></H5> <BLOCKQUOTE> <P><TABLE WIDTH="551" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER> <FONT FACE="Arial">Title of Security</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Amount Registered</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Aggregate Price of Offering Amount Registered</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Amount Sold</FONT></CENTER></H5> </TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <H5><CENTER><FONT FACE="Arial">Aggregate Offering Price of Amount Sold</FONT></CENTER></H5> </TD> </TR> <TR> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>Shares of <BR> Beneficial Interest</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>1,000,000</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>$8,250,000</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>1,000,000</CENTER></TD> <TD WIDTH="20%" VALIGN="BOTTOM"> <P><CENTER>$8,250,000</CENTER></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>9. State, if known, or furnish a reasonable estimate of, the amount of expenses incurred for the issuer's account in connection with the issuance and distribution of the securities registered for each category listed below. Place an "X" to the left of any amount given that is an estimate.</P> <BLOCKQUOTE> <P><TABLE WIDTH="620" HEIGHT="298" BORDER="0" CELLSPACING="4" CELLPADDING="0"> <TR> <TD WIDTH="51%" HEIGHT="167"> </TD> <TD WIDTH="29%" HEIGHT="167" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to directors, officers, general partners of the issuer or their associates; to persons owning ten percent or more of any class of equity securities of the issuer; and to affiliates of the issuer</FONT></H5> </TD> <TD WIDTH="20%" HEIGHT="167" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to others</FONT></H5> </TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> (01) Underwriting discounts and commissions</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P ALIGN=RIGHT>$ 622,377</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (02) Finders' Fees</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="10" BGCOLOR="#ffffcc"> (03) Expenses paid to or for underwriters</TD> <TD WIDTH="29%" HEIGHT="10" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="10" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (04) Other expenses</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ <U>0</U></CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ <U>48,431</U></TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (05) Total Expenses</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER><B>$<U> 0</U></B></CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT><B>$<U>670,808</U></B></TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>10. Indicate the net offering proceeds to the issuer after the total expenses in No. 9 above.</P> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>$<U>7,579,192</U></B></P> </BLOCKQUOTE> </BLOCKQUOTE> <P>11. State, if known, or furnish a reasonable estimate of, the amount of net offering proceeds to the issuer used for each of the purposes listed below. Do not include any amount in "working capital" to which a more specific category is applicable. Place an "X" to the left of any amount given that is an estimate.</P> <BLOCKQUOTE> <P><TABLE WIDTH="620" HEIGHT="453" BORDER="0" CELLSPACING="4" CELLPADDING="0"> <TR> <TD WIDTH="51%" HEIGHT="151"> </TD> <TD WIDTH="29%" HEIGHT="151" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to directors, officers, general partners of the issuer or their associates; to persons owning ten percent or more of any class of equity securities of the issuer; and to affiliates of the issuer</FONT></H5> </TD> <TD WIDTH="20%" HEIGHT="151" VALIGN="BOTTOM"> <H5><FONT FACE="Arial">Direct or indirect payments to others</FONT></H5> </TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> (01) Construction of plant, building and facilities</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="24" BGCOLOR="#ffffcc"> (02) Purchase and installation of machinery <BR> and equipment</TD> <TD WIDTH="29%" HEIGHT="24" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="24" BGCOLOR="#ffffcc" VALIGN="BOTTOM"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (03) Purchase of real estate</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$7,579,192</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (04) Acquisition of other businesses(es)</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (05) Total Expenses</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="23" BGCOLOR="#ffffcc"> (06) Working Capital</TD> <TD WIDTH="29%" HEIGHT="23" BGCOLOR="#ffffcc"> <P><CENTER>$ 0</CENTER></TD> <TD WIDTH="20%" HEIGHT="23" BGCOLOR="#ffffcc"> <P ALIGN=RIGHT>$ 0</TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="61"> <P>Temporary investment (specify)</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>None.</B></BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> </TD> <TD WIDTH="29%" HEIGHT="61"> </TD> <TD WIDTH="20%" HEIGHT="61"> </TD> </TR> <TR> <TD WIDTH="51%" HEIGHT="61"> <P>Other purposes (specify)</P> <BLOCKQUOTE> <BLOCKQUOTE> <BLOCKQUOTE> <P><B>None.</B></BLOCKQUOTE> </BLOCKQUOTE> </BLOCKQUOTE> </TD> <TD WIDTH="29%" HEIGHT="61"> </TD> <TD WIDTH="20%" HEIGHT="61"> </TD> </TR> </TABLE></P> </BLOCKQUOTE> <P>12. Do the use(s) of proceeds in No. 11 represent a material change in the use(s) of proceeds described in the prospectus?</P> <BLOCKQUOTE> <BLOCKQUOTE> <P>Y<B>es ( ) No ( X )</B></P> </BLOCKQUOTE> <P><TABLE WIDTH="600" BORDER="0" CELLSPACING="0" CELLPADDING="0"> <TR> <TD WIDTH="100%"> <H5><CENTER> <FONT FACE="Arial">SIGNATURE</FONT></CENTER></H5> <P>Pursuant to the requirements of Rule 463 under the Securities Act of 1933, INVESTORS REAL ESTATE TRUST has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P> <H5><FONT FACE="Arial">INVESTORS REAL ESTATE TRUST</FONT></H5> <P> </P> <P>By: <U>/S/ Thomas A. Wentz, Jr.</U><BR> Thomas A. Wentz, Jr.<BR> Vice-President</P> <P>Date: December 6, 1999</TD> </TR> </TABLE><BR> </P> </BLOCKQUOTE> <P> </BODY> </HTML> </TEXT> </DOCUMENT> </SEC-DOCUMENT> -----END PRIVACY-ENHANCED MESSAGE-----