INVESTORS REAL ESTATE TRUST (NYSE:IRET) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
b. On January20, 2017, Jeffrey K. Woodbury
tendered his resignation from the Board of Trustees, effective
immediately. Mr.Woodbury resigned for personal reasons and not
due to any disagreement with either the Board or IRETs management
regarding IRETs operations, policies or practices.
Item 7.01. Regulation FD
Disclosure.
On January24, 2017, the Company issued a press release announcing
Mr.Woodburys resignation from the Board of Trustees, which is
attached hereto as Exhibit99.1.
The information set forth in this Item 7.01, including
Exhibit99.1, is being furnished to Item 7.01 and shall not be
deemed filed for purposes of Section18 of the Securities Exchange
Act of 1934, as amended (the Exchange Act), or otherwise subject
to the liabilities of that Section, and it shall not be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or under the Exchange Act, except as
expressly provided by specific reference in such a filing.
Item 9.01 Financial Statements and
Exhibits
(d) Exhibits
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Exhibit |
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Number |
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Description |
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99.1 |
Press Release dated January24, 2017. |
About INVESTORS REAL ESTATE TRUST (NYSE:IRET)
Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota. It conducts its business operations through its operating partnership, IRET Properties, which is principally engaged in acquiring, owning, operating and leasing real estate. It invests in multifamily properties and commercial properties that are leased to single or multiple tenants, usually for approximately five years or longer. As of April 30, 2016, the Company held for investment 99 multifamily properties containing 12,950 apartment units and 47 commercial properties, consisting of healthcare, industrial, office and retail, containing approximately 2.9 million square feet of leasable space. INVESTORS REAL ESTATE TRUST (NYSE:IRET) Recent Trading Information
INVESTORS REAL ESTATE TRUST (NYSE:IRET) closed its last trading session 00.00 at 6.94 with 399,276 shares trading hands.
