0001102729-12-000007.txt : 20120221
0001102729-12-000007.hdr.sgml : 20120220
20120221153321
ACCESSION NUMBER: 0001102729-12-000007
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120216
FILED AS OF DATE: 20120221
DATE AS OF CHANGE: 20120221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STENEHJEM STEPHEN
CENTRAL INDEX KEY: 0001102729
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-14851
FILM NUMBER: 12626690
MAIL ADDRESS:
STREET 1: 1400 31ST AVENUE SW, SUITE 60
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: 0408
BUSINESS ADDRESS:
STREET 1: 1400 31ST AVENUE SW, SUITE 60
STREET 2: PO BOX 1988
CITY: MINOT
STATE: ND
ZIP: 58702-1988
BUSINESS PHONE: 701-837-4738
MAIL ADDRESS:
STREET 1: 1400 31ST AVENUE SW, SUITE 60
STREET 2: PO BOX 1988
CITY: MINOT
STATE: ND
ZIP: 58702-1988
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0304
4
2012-02-16
0
0000798359
INVESTORS REAL ESTATE TRUST
IRET
0001102729
STENEHJEM STEPHEN
1400 31ST AVENUE SW, SUITE 60
MINOT
ND
58701
1
0
0
0
UPREIT Units
2012-02-16
4
A
0
137164
7.65
A
Common Shares of Beneficial Interest
137164
137164
I
by Judith H. Stenehjem (SLS) Limited Partnership
Limited partnership units in IRET Properties, a North Dakota Limited Partnership, of which the issuer is the general partner. The UPREIT Units are redeemable on the second anniversary of the date of their acquisition for an equal number of the issuer's common shares, or, at the election of the issuer, cash based on the market value of an equal number of the issuer's common shares. The UPREIT units were received in exchange for the indirect contribution to IRET Properties of a real estate property. The value of the UPREIT units was $7.65 as of the acquisition date, calculated in accordance with a formula established in a Contribution Agreement dated effective January 31,2012.
UPREIT units are convertible to common shares of the issuer on a one-to-one basis, or cash, at the election of the issuer. UPREIT units have no expiration date.
The reporting person holds, directly or indirectly, an ownership interest in this entity. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Lindsey Knoop Anderson, Attorney-in-Fact
2012-02-21