Stephen L. Stenehjem - Section 16 Power of Attorney

-----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, IgMCXtTiY00HoFUtEpk5kGjZUGjj7wJIOWgh42ROceujfFl0si2m62DfOt77C+4f 2a5xCHlGfIZyn4yHsTAt7Q== 0001102729-05-000001.txt : 20050301 0001102729-05-000001.hdr.sgml : 20050301 20050301103032 ACCESSION NUMBER: 0001102729-05-000001 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050301 FILED AS OF DATE: 20050301 DATE AS OF CHANGE: 20050301 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STENEHJEM STEPHEN CENTRAL INDEX KEY: 0001102729 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-14851 FILM NUMBER: 05648342 BUSINESS ADDRESS: BUSINESS PHONE: 7018374738 MAIL ADDRESS: STREET 1: 12 SOUTH MAIN STREET CITY: MINOT STATE: ND ZIP: 58701 ISSUER: 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 BUSINESS ADDRESS: STREET 1: 12 S MAIN STREET STREET 2: SUITE 100 CITY: MINOT STATE: ND ZIP: 58701 BUSINESS PHONE: 701-837-4738 MAIL ADDRESS: STREET 1: PO BOX 1988 STREET 2: SUITE 100 CITY: MINOT STATE: ND ZIP: 58702-1988 4/A 1 primary_doc.xml PRIMARY DOCUMENT X0202 4/A 2005-03-01 2004-11-16 0 0000798359 INVESTORS REAL ESTATE TRUST IRETS 0001102729 STENEHJEM STEPHEN 12 SOUTH MAIN STREET MINOT ND 58701 1 0 0 0 Common Shares of Beneficial Interest 2004-11-12 4 A 0 1000 9.64 A 85763 I Agency Accounts for Children The reporting person acquired the shares reported in this Form 4 directly from the Issuer. The Form 4 reporting this acquisition, filed 11/16/2004, coded the transaction as an open market purchase. This amended report is being filed to correct the transaction code to "A" to indicate a transaction pursuant to Rule 16b-3(d). The reporting person disclaims beneficial ownership of the 1,000 shares acquired, which are held in agency accounts for the benefit of the reporting person's children. Michelle R. Saari, Attorney-in-Fact 2005-03-01 EX-99 2 poastenehjem.htm POWER OF ATTORNEY Stephen L. Stenehjem - Section 16 Power of Attorney

POWER OF ATTORNEY

KNOW ALL BY THESE PRESENTS, that the undersigned (the "Reporting Person") hereby constitutes and appoints each of Michael Bosh, Diane Bryantt, Michelle Saari and Karin Wentz, signing singly, as the Reporting Person's true and lawful attorney-in-fact to:

1. execute for and on behalf of the Reporting Person, in the Reporting Person's capacity as an officer and/or trustee of Investors Real Estate Trust (the "Company"), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended, and the rules thereunder;

2. do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such forms with the United States Securities and Exchange Commission and any stock exchange or other authority where such filing is required; and

3. take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required of, the Reporting Person.

The Reporting Person hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the Reporting Person might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by the virtue of this power of attorney and the rights and powers herein granted. The Reporting Person acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the Reporting Person, are not assuming, nor is the Company assuming, any of the Reporting Person's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the Reporting Person is no longer required to file Forms 3, 4 and 5 with respect to the Reporting Person's holdings of and transactions in securities issued by the Company, unless earlier revoked by the Reporting Person in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the Reporting Person has caused this Power of Attorney to be executed as of this 19th day of November, 2003.

/s/ Stephen L. Stenehjem
Reporting Person

/s/ Eric M. Schaeffer
Witness -----END PRIVACY-ENHANCED MESSAGE-----