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FELLER

03/22/13 10:30 PM

#14 RE: TTT #13

IRET is headquartered in my home town, where we're dealing with a lovely housing boom. They own mostly apartments and commercial real estate. Technically the last few years was a testament to their portfolio because Minneapolis wasn't doing as hot -- but it's come back.

They're building another 300+ apartments across from their multi-million dollar plaza, which they leased out to Hess.

"42 Year Distribution History" -- B-E-A-Utiful! :)