Investors Real Estate Trust Announces Recent Lease Transactions and Recent Acquisition Activity
02 Noviembre 2011 - 10:55AM
Investors Real Estate Trust ("IRET") (Nasdaq:IRET) (Nasdaq:IRETP)
announced today that its operating partnership, IRET Properties,
has signed leases totaling 137,218 square feet at three of its
commercial properties.
Jacobson Warehouse Company, a third party logistics company
offering end-to-end supply chain management solutions around the
globe, has signed a 73,681 square foot lease at the Dixon
Industrial Park, located in Des Moines, Iowa. With this latest
lease, Dixon Industrial Park, with a total square footage of
604,886, is now 96.9% occupied.
PrairieCare, LLC, which has been delivering high quality
psychiatric and behavioral health services in the Twin Cities since
2005, has signed a 23,500 square foot lease at the 6363 Physicians
Building, located in Edina, Minnesota. The 70,934 square foot
Physicians Building is 100% occupied following the PrairieCare
lease.
Black Box Network Services, a world leader in communications and
infrastructure products and solutions, has signed a 40,037 square
foot lease at the Interlachen Corporate Center located in Edina,
Minnesota. Following the lease with Black Box Network Services, the
105,128 square foot property is now 71.4% occupied.
Separately, IRET also announces the acquisition of Phase II of
the Evergreen Apartments property in Isanti, Minnesota. This
residential property is located on approximately 1.71 acres, and
adds 36 units to the multi-family portfolio. The property adjoins
the existing Evergreen Apartments property, and will be internally
managed by IRET. The acquisition also included an adjoining parcel
of vacant land, comprised of approximately 4.95 acres. The total
purchase price was $3.475 million. About Investors Real
Estate Trust
IRET is an equity real estate investment trust founded in 1970
with a diversified portfolio of multi-family residential, office,
medical, industrial and retail properties located in 13 states,
primarily in the upper Midwest. IRET's headquarters are located in
Minot, North Dakota, and it has additional offices in Minneapolis,
Minnesota and Omaha, Nebraska. IRET's common shares of beneficial
interest trade on the NASDAQ Global Select Market under the symbol
IRET. For more information, visit IRET's website at
www.iret.com.
Safe Harbor
Statements about IRET's future expectations and all other
statements in this press release other than historical facts are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby. Since these statements involve risks and uncertainties and
are subject to change at any time, the Company's actual results
could differ materially from expected results.
CONTACT: Lindsey Anderson
Director of Investor Relations
1400 31st Ave SW, Suite 60
PO Box 1988
Minot, North Dakota 58702-1988
phone: 701.837.4738
fax: 701.838.7785
email:landerson@iret.com
Investors Real Estate Trust - Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (MM) (NASDAQ:IRETP)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Investors Real Estate Trust - Series A Cumulative Redeemable Preferred Shares of Beneficial Interest (MM) (NASDAQ:IRETP)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024