Investors Real Estate Trust (IRET) Reports Q1 Core FFO of $0.10, Beats on Revenues

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Investors Real Estate Trust (IRET) Announces Acquisition of 500-Unit Multifamily Property for $92.3M

September 13, 2017 4:17 PM EDT

IRET (NYSE: IRET) today announced that it acquired Park Place Apartments for $92.3 million. This 500-unit multifamily community is located in the highly desirable Twin Cities submarket of Plymouth, Minnesota.

"This acquisition demonstrates our commitment to our stated strategy of adding multifamily properties, creating operational efficiencies, and deepening our presence in the Twin Cities market," stated Mark O. Decker, Jr., President and... More