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EX-99.1 - PRESS RELEASE - CENTERSPACE | iretex991-12302009.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (date of earliest event reported):
December 30,
2009
INVESTORS
REAL ESTATE TRUST
(Exact
name of registrant as specified in its charter)
North
Dakota
|
0-14851
|
45-0311232
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
3015
16th Street SW, Suite 100
Minot,
ND 58701
|
(Address
of principal executive offices, including zip
code)
|
(701)
837-4738
(Registrant's
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
□
|
Written
communications pursuant to Rule 425 under the Securities
Act
|
|
□
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act
|
|
□
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
|
|
□
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
|
ITEM
7.01. Regulation
FD Disclosure
A press
release issued by the Registrant on December 30, 2009, regarding the acquisition
by IRET Properties of two entities that own and operate a portfolio of five
assisted living facilities located in Wyoming for a purchase price of
approximately $45 million, and the termination of an agreement for the sale of
the Registrant’s Dakota Hills multi-family residential property in Texas, is
attached as Exhibit 99.1.
Forward-Looking
Statements
Statements
made in this Current Report on Form 8-K and in the attached press release may
constitute “forward-looking statements” within the meaning of the federal
securities laws. Statements regarding future events and developments
and the Company’s future performance, as well as management’s expectations,
beliefs, plans, estimates or projections relating to the future, are
forward-looking statements within the meaning of these laws. All
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
projected. Management believes that these forward-looking statements
are reasonable; however, these statements are based on current expectations as
of the date of such statements, and various factors could cause the Company’s
actual results to differ materially from those described. The Company
undertakes no obligation to publicly update or revise any forward-looking
statement, whether as a result of future events, new information or
otherwise. Following are some of the factors that could cause the
Company’s actual results and its expectations to differ materially from those
described in forward-looking statements: the success of the Company’s
business strategies; future local and national economic conditions, including
changes in job growth, interest rates, the availability of mortgage and other
financing and related factors; demand for assisted living in the Company’s
markets and the effect on occupancy and rates; the impact of competition on the
Company’s business, including competition for residents in the Company’s
assisted living and other properties; uncertainties associated with the
Company’s real estate development activities, including actual costs exceeding
the Company’s budgets or development periods exceeding expectations; and other
risk factors included in the filings the Company makes from time to time with
the Securities and Exchange Commission, including the risk factors under the
caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the
fiscal year ended April 30, 2009.
Information
Furnished
The
information included in this Current Report on Form 8-K under this Item 7.01
shall not be deemed “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to
the liabilities of that section, nor shall it be deemed incorporated by
reference into any filing made by the Company under the Exchange Act or
Securities Act of 1933, as amended, except as shall be expressly set forth by
specific reference therein.
ITEM
9.01 Financial
Statements and Exhibits
(d)
|
Exhibits
|
Exhibit
|
|
Number
|
Description
|
99.1
|
Press
Release issued December 30, 2009, regarding the acquisition by IRET
Properties of two entities that own and operate a portfolio of five
assisted living facilities located in Wyoming and the termination of an
agreement for the sale of IRET Properties’ Dakota Hills multi-family
residential property in Texas.
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
INVESTORS
REAL ESTATE TRUST
|
|
By:
/s/ Timothy P. Mihalick
|
|
Timothy
P. Mihalick
|
|
President
& Chief Executive Officer
|
Date:
December 30, 2009