Investors Real Estate Trust (IRET) is a REIT company with long history behind it. However, recently, it underwent a drastic makeover where it transitioned from healthcare segment to residential REIT sector. The transition took its time, but now, Investors Real Estate acts as a pure-play apartment REIT. The impact of the transition is largely positive and is visible through improvement in its important metrics such as dividend and FFO. Investors Real Estate has been focusing on improving its operations through developing local expertise in its target markets. With its emphasis on 'non-glamorous' markets