Notes:  December 9, 2020 -- NYSE: IRET. IRET, a real estate company focused on the ownership, management, acquisition, and development of apartment communities announces that it is now Centerspace. The name and new brand platform reflect both the evolution of the company and its vision for the future. A redesigned company logo and website will be launched on December 10th. The legal name of the company will continue to be Investors Real Estate Trust, doing business as Centerspace. The company will refer to itself as Centerspace immediately and beginning December 21, 2020 its common shares of beneficial interest trading on the New York Stock Exchange under the ticker symbol “CSR”, and its Series C Cumulative Redeemable Preferred Shares trading under the ticker symbol “CSR PRC.” Outstanding share certificates of the company continue to be valid and will not be exchanged. Dec. 31, 2018 -- IRET (NYSE: IRET) announced today that it has completed its previously announced 1-for-10 reverse stock split of its outstanding shares of common stock and operating units. The reverse stock split took effect after the market closed on December 27, 2018. IRET shares will continue to trade on the NYSE under the same ticker "IRET" and with a new CUSIP number (461730 509).

Company's Online Information Links

HOME PAGE:     https://centerspacehomes.com/
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	ir@centerspacehomes.com
General Email Address	info@iret.com
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Address and Phone Numbers

Address:   1400 31st Ave SW, Suite 60, Minot, ND 58702
Main Phone Number	701-837-4738
Fax Number	701-838-7785
Investor Relations   Emily Miller	701-837-7104
Toll Free Phone Number	888-478-4738

CEO - Mark O. Decker Jr.

CFO - John Kirchmann