MINOT, N.D., Jan. 3, 2011 (GLOBE NEWSWIRE) -- Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) today announced the final tax treatment (Form 1099) for calendar year 2010 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Investors Real Estate Trust distributions. None of the following 2010 calendar year distributions is eligible for treatment as "qualified dividend income."
Investors Real Estate Trust is a real estate investment trust headquartered in Minot, North Dakota, with additional offices in Minneapolis, Minnesota, and Omaha, Nebraska. As of October 31, 2010, IRET owned 174 commercial properties consisting of commercial office, medical, industrial and retail properties, with a total of approximately 12.0 million square feet, and 77 multi-family apartment communities with a total of 9,187 units, with properties located primarily in the Midwest. For more company information, visit the Investors Real Estate Trust website at .
CONTACT: Investors Real Estate Trust Michelle R. Saari, VP - Marketing & Communications 701.837.4738 Fax: 701.838.7785 msaari@iret.com 3015 16th Street SW, Suite 100 PO Box 1988 Minot, North Dakota 58702-1988
