Minot, ND – March 19, 2012 – IRET Properties is pleased to announce the promotion of Cindy Fischer and Scott Smith to the position of Director of Commercial Asset Management.
In her role as Director, Ms. Fischer will oversee a diverse portfolio of 1,525,000 square feet of commercial real estate, including 30 medical properties in Minnesota and Nebraska. Ms. Fischer’s 15 years of experience in the industry have helped make her a valuable member of the IRET team over the course of the last five years.
Mr. Smith, who has also been promoted to Director of Commercial Asset Management, has been with IRET for four years and has over 26 years of experience in the real estate industry. His portfolio consists of more than 2,700,000 square feet of commercial real estate, most of which is comprised of office and industrial properties in Minnesota and Iowa. He is a Certified Commercial Investment Member (CCIM) and holds a certification as a Real Property Administrator (RPM).
Ms. Fischer and Mr. Smith both work out of the Crosstown Centre in IRET’s Eden Prairie, MN, office location.
About IRET
IRET Properties is the operating partner of Investor Real Estate Trust (Nasdaq: IRET)(Nasdaq:IRETP). IRET is a self-advised equity real estate investment trust that owns and operates income-producing multi-family residential and commercial properties located primarily in the upper Midwest states of Minnesota and North Dakota. Investors Real Estate Trust is based in Minot, North Dakota, and has additional offices in Minneapolis, Minnesota and Omaha, Nebraska.
Forward-Looking Statements
The information in this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not relate strictly to historical or current facts, and often include words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance in connection with discussions of future expectations. Examples of forward-looking statements
include, but are not limited to, statements regarding the Company’s expectations about the completion of construction on announced development projects. The Company’s forward-looking statements are based on management’s current expectations and assumptions regarding the Company’s business and performance and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances. The Company’s actual results may vary materially from those expressed or implied in its forward-looking statements. Important factors that could cause the Company’s actual results to differ materially from those in its forward-looking statements include economic conditions, changes in regulation and political conditions, and other factors as discussed in the Company’s filings with the Securities and Exchange Commission.
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IRET 