| Eide Bailly Building (formerly Banner Health) |
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216 South Broadway
Suite 202
Minot, ND 58701
701.837.1031
1.877.269.1031 |
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Real Estate Investment Trust |
| INREIT was officially formed on November 1, 2002. At that point the
Golden Estates Independent Living Facility in Williston, ND, was purchased
with funds from the original ten share holders. We first sold shares
to the public in January, 2003, as part of our $2 million offering.
That offering was expanded to $5 million later in the year. |
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| INREIT Properties, LLLP, was formed during 2003 to
act as our operating partnership and to allow the Company to acquire
appre- ciated real property and to provide non-recognition of gain by
the owners. All of our properties are held by INREIT Properties, LLLP,
for which INREIT acts as the General Partner. |
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