INVESTORS REAL ESTATE TRUST UNDERWRITING AGREEMENT 4,000,000 Shares of (Liquidation Preference $25.00 Per Share)Underwriting Agreement • October 2nd, 2017 • Investors Real Estate Trust • Real estate investment trusts • New York
Investors Real Estate Trust, a North Dakota real estate investment trust (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the several Underwriters named in Schedule I hereto (the “Underwriters”), an aggregate of 4,000,000 shares (the “Firm Shares”) of its 6.625% Series C Cumulative Redeemable Preferred Shares (Liquidation Preference $25.00 Per Share) (the “Series C Preferred Shares”). In addition, the Company has agreed to sell to the Underwriters, upon the terms and conditions stated herein, up to an additional 600,000 Series C Preferred Shares (the “Additional Shares”). The Firm Shares and the Additional Shares are collectively referred to in this Agreement as the “Shares.” BMO Capital Markets Corp. and Raymond James & Associates, Inc. are acting as the representatives of the several Underwriters and in such capacity are referred to in this Agreement as the “Representatives.” The Company owns 100% of IRET, Inc., which is the sole gene
THIRD AMENDMENT TO THE AGREEMENT OF LIMITED PARTNERSHIP OF IRET PROPERTIES, A NORTH DAKOTA LIMITED PARTNERSHIP DESIGNATION OF 6.625% SERIES C CUMULATIVE REDEEMABLE PREFERRED UNITS October 2, 2017Investors Real Estate Trust • October 2nd, 2017 • Real estate investment trusts
Pursuant to Section 4.02 and Article XI of the Agreement of Limited Partnership, as amended by the First Amendment to the Agreement of Limited Partnership and the Second Amendment to the Agreement of Limited Partnership, (the “Partnership Agreement”) of IRET Properties, A North Dakota Limited Partnership, a North Dakota limited partnership (the “Partnership”), the General Partner hereby amends the Partnership Agreement as follows in connection with the issuance of up to 8,000,000 shares of 6.625% Series C Cumulative Redeemable Preferred Shares, no par value per share (the “Series C Preferred Shares”) of the Investors Real Estate Trust (the “Trust”) and the issuance to the General Partner of Series C Preferred Units (as defined below) in exchange for the contribution by Trust of the net proceeds from the issuance and sale of the Series C Preferred Shares:
