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INVESTORS REAL ESTATE TRUST (NASDAQ - IRET) 
 
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By CommitteeBy Member
Committee Name
Audit Committee
Compensation Committee
Executive Committee
Nominating and Governance Committee
Investment Committee
Non-Independent [Management] Trustees
Member Name
Patrick G. Jones
Committee Name
Nominating and Governance Committee
Investment Committee
View Bio
Patrick G. Jones is a private investor. He is also a former General Manager of the Minot Daily News and former President of Central Venture Capital Inc. which is an investment firm. Mr. Jones has been a Trustee since 1986.
Timothy P. Mihalick
Committee Name
Executive Committee
Non-Independent [Management] Trustees
View Bio
Timothy P. Mihalick joined IRET as a financial officer in May 1981. He was named President and Chief Executive Officer on September 16, 2009, after having served as Chief Operating Officer from 1997 to 2009, as a Senior Vice President since 2002, and as a member of IRET's Board of Trustees since 1999.
Jeffrey L. Miller
Committee Name
Compensation Committee
Executive Committee
Nominating and Governance Committee
Investment Committee
View Bio
Jeff L. Miller is a private investor and is a former President of M&S Concessions, Inc. a food service and facility management company. Mr. Miller is also a former President of Minot, North Dakota Coca-Cola Bottling franchise. He is the Managing Partner of Miller Properties, LLP and has served as Trustee since 1985.
Charles W. Morgan
Committee Name
Audit Committee
Nominating and Governance Committee
Investment Committee
View Bio
C.W. Morgan is President and Chief Executive Officer of Northwest Respiratory Services, LLC, a home medical company. Mr. Morgan has been a member of IRET’s Board of Trustees since 2006.
John T. Reed
Committee Name
Audit Committee
Nominating and Governance Committee
Investment Committee
View Bio
John T. Reed is a private investor and currently serves as a Board Member of Level 3 Communications, Inc., Tetrad Corporation, and First National of Nebraska. Mr. Reed is a former Chairman of HMG Properties, a real estate investment bank; former Chairman of McCarthy & Co., an investment bank, and former Partner of Arthur Andersen, LLP, an accounting firm. He was recently elected to IRET’s Board of Trustees in September 2008.
Edward T. Schafer
Committee Name
Compensation Committee
Investment Committee
View Bio
Edward T. Schafer is a private investor. He is a former Chief Executive Officer of Extend America, a telecommunications company, former Governor of North Dakota and former Secretary of the U.S. Department of Agriculture.
Stephen L. Stenehjem
Committee Name
Audit Committee
Compensation Committee
Executive Committee
Investment Committee
View Bio
Stephen L. Stenehjem is President & Chief Executive Officer of Watford City BancShares, Inc. He is President & Chairman of First International Bank & Trust, Watford City, ND. Mr. Stenehjem has been a Trustee since 1999.
John D. Stewart
Committee Name
Audit Committee
Compensation Committee
Investment Committee
View Bio
John D. Stewart is President & Director of Fisher Motors, Inc., Minot, N.D., an automobile dealership. He is President of Glacial Holdings, Inc. and Glacial Holdings LLC, multi-family residential and commercial real estate holding companies also serving as President of Glacial Holdings Property Management, Inc., a property management company. He is Chairman of the Bank of North Dakota Advisory Board. He is a former Certified Public Accountant and Partner, Brady, Martz and Associates, P.C. Mr. Stewart has been a member of IRET’s Board of Trustees since 2004.
Thomas A. Wentz Jr.
Committee Name
Non-Independent [Management] Trustees
View Bio
Thomas A. Wentz, Jr. joined IRET as General Counsel and Vice President in January 2000. He has served as a Senior Vice President since 2002 and as a member of our Board of Trustees since 1996. Mr. Wentz was named Chief Operating Officer on September 16, 2009. Prior to 2000, Mr. Wentz was a shareholder in the law firm of Pringle & Herigstad, P.C. from 1992 to 1999. Mr. Wentz is a member of the American Bar Association and the North Dakota Bar Association, and he is a Director of SRT Communications, Inc.

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CHAIRMAN OF THE BOARD = CHAIRMAN OF THE BOARD
VICE CHAIRMAN OF THE BOARD = VICE CHAIRMAN OF THE BOARD


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