-----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, A+OJUYQ7R2eEQGnz/sllUdzgsU3E/kuEKLD4XFh5X0bFPdcEFLpYHOaV5lJX28op 8C9rDDIjOUB7nBfsxKmdwA== 0001232569-03-000011.txt : 20031201 0001232569-03-000011.hdr.sgml : 20031201 20031201183846 ACCESSION NUMBER: 0001232569-03-000011 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031201 FILED AS OF DATE: 20031201 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOYT STEVEN B CENTRAL INDEX KEY: 0001232569 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-14851 FILM NUMBER: 031030976 BUSINESS ADDRESS: STREET 1: 2865 LITTLE ORCHARD WAY CITY: ORONO STATE: MN ZIP: 55391 BUSINESS PHONE: 9522490688 MAIL ADDRESS: STREET 1: 2865 LITTLE ORCHARD WAY CITY: ORONO STATE: MN ZIP: 55391 4 1 primary_doc.xml PRIMARY DOCUMENT X0201 4 2003-12-01 0 0000798359 INVESTORS REAL ESTATE TRUST IRETS 0001232569 HOYT STEVEN B 2865 LITTLE ORCHARD WAY ORONO MN 55391 1 0 0 0 Shares of Beneficial Interest 2003-12-01 4 C 0 42533 0 A 42533 D UPREIT Units 0 2003-12-01 4 C 0 42533 0 D 2003-04-01 1988-08-08 Shares of Beneficial Interest 42533 1290112.209 D UPREIT Units 0 2003-12-01 5 G 0 E 4300 0 D 2003-04-01 1988-08-08 Shares of Beneficial Interest 4300 1285812.209 D The reporting person redeemed 42,533 units of limited partnership interest ("UPREIT Units") of IRET Properties, a North Dakota Limited Partnership, of which the issuer's subsidiary, IRET, Inc., is the general partner. UPREIT Units are redeemable for an equal number of shares of the issuer's shares of beneficial interest or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem the reporting person's UPREIT Units with shares of beneficial interest. The reporting person is transferring UPREIT Units that are redeemable for an equal number of shares of beneficial interest of the issuer, or, at the issuer's election, cash equal to the fair market value of such shares. Gift to a charitable entity unrelated to the reporting person. /s/ Michelle R. Saari 2003-12-01 EX-99 3 poahoyt.htm POWER OF ATTORNEY Power of Attorney - Steven B. Hoyt

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/ Steven B. Hoyt                      
Reporting Person:  Steven B. Hoyt

  

/s/ Charles Wm. James           
Witness:  Charles Wm. James -----END PRIVACY-ENHANCED MESSAGE-----