Exhibit 21(i)
SUBSIDIARIES OF INVESTORS REAL ESTATE TRUST
| State of Incorporation or | ||||
| Name of Subsidiary | Organization | |||
| West Stonehill IRET, Inc. | Minnesota | |||
| Pinecone IRET, Inc. | Colorado | |||
| Miramont IRET, Inc. | Colorado | |||
| IRET Inc. | North Dakota | |||
| Forest Park—IRET, Inc. | North Dakota | |||
| Thomasbrook—IRET, Inc. | Nebraska | |||
| Dakota—IRET, Inc. | Texas | |||
| MedPark—IRET, Inc. | North Dakota | |||
| Flying Cloud—IRET, Inc. | Minnesota | |||
| Meadow 2—IRET, Inc. | North Dakota | |||
| IRET—Ridge Oaks, LLC | Iowa | |||
| Applewood—IRET, Inc. | Nebraska | |||
| IRET Properties, a North Dakota Limited Partnership | North Dakota | |||
| Forest Park Properties—a North Dakota Limited Partnership | North Dakota | |||
| Thomasbrook Properties, a Nebraska Limited Partnership | Nebraska | |||
| Dakota Hill Properties, a Texas Limited Partnership | Texas | |||
| Medpark Properties Limited Partnership, A North Dakota Limited Partnership | North Dakota | |||
| 7901 Properties, L.P., a Minnesota Limited Partnership | Minnesota | |||
| Health Investors Business Trust | Delaware | |||
| Meadow 2 Properties, L.P., a North Dakota Limited Partnership | North Dakota | |||
| Ridge Oaks, L.P., an Iowa Limited Partnership | Iowa | |||
| Minnesota Medical Investors L.L.C | Delaware | |||
| SMB Operating Company L.L.C | Delaware | |||
| SMB MM L.L.C | Delaware | |||
| Applewood—IRET Properties, a Nebraska Limited Partnership | Nebraska | |||
| IRET—Oakmont, LLC | South Dakota | |||
| Medota Properties, LLC, a Minnesota limited liability company | Minnesota | |||
| Mendota Office Holdings LLC | Minnesota | |||
| Mendota Officer Three & Four LLC | Minnesota | |||
| IRET—BD, LLC | Minnesota | |||
| IRET—Brenwood, LLC | Minnesota | |||
| IRET—DMS, LLC | Minnesota | |||
| T.F. James Company, Inc. | Minnesota | |||
| IRET—Westlake, Inc. | Minnesota | |||