Investors Real Estate Trust Announces the Appointment of Linda Hall Keller as a Trustee
2011年9月24日 - 3:57AM
Investors Real Estate Trust (Nasdaq:IRET) (Nasdaq:IRETP) today
announced that at the September 21, 2011 meeting of the Company's
Board of Trustees, the Board fixed the number of trustees of the
Company at nine, increasing the number of trustees from eight, and
elected Linda Hall Keller to fill the vacancy created by the
increase. Ms. Keller was elected to the Board of Trustees effective
immediately; her term of office will continue until the Company's
2012 Annual Meeting of Shareholders and until her successor is
elected and qualifies. A Phi Beta Kappa graduate of the University
of Michigan, Ms. Keller has a Ph.D in Educational Administration
from the University of Minnesota. Ms. Keller, who is currently
a consultant to start-up companies and non-profit entities
primarily in the healthcare sector, is an Entrepreneur-in-Residence
at the Carlson School of Management at the University of Minnesota.
She has served as an executive with a number of public and private
companies, including service as the Chief Executive Officer of
MinuteClinic, in which position she re-launched the company and
secured new financing prior to leading a national expansion with
leading retail partners. Ms. Keller has served on a number of
public and private boards of directors, including the boards of two
NASDAQ-listed companies.
"We are very pleased to welcome Linda to the Board of Trustees,"
said Mr. Timothy Mihalick, the Company's President and Chief
Executive Officer. "We believe that her extensive business
experience and prior service on public company boards of directors
will be of great benefit to IRET. We expect that her knowledge
of technology, business management and strategic compensation
practices in particular will help IRET as we continue to build for
the future and work to create shareholder value."
About IRET
Investors Real Estate Trust is an equity real estate investment
trust. Its business consists of owning and operating
income-producing multi-family residential and commercial properties
located primarily in the upper Midwest. 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 can be identified by the fact
that they do not relate strictly to historical or current facts.
Forward-looking statements 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 operating or financial
performance. Examples of forward-looking statements include, but
are not limited to, statements regarding the composition of the
Company's Board of Trustees and the Company's expectations
regarding its financial and operating results and acquisition and
development projects. The Company's forward-looking statements
are based on management's current expectations and assumptions
regarding the Company's business and performance, the economy 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.
CONTACT: Lindsey Knoop Anderson
Director of Investor Relations
3015 16th Street SW, Suite 100
PO Box 1988
Minot, North Dakota 58702-1988
phone: 701.837.4738
fax: 701.838.7785
email:landerson@iret.com
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