Dakota REIT Announces New Investments in Bismarck, ND


Dakota REIT announced today it has acquired Bismarck 5, a five property, 414 unit portfolio in Bismarck, ND for a purchase price of $24 million. These properties are located in well-established residential areas with access to an assembly of amenities. Furthermore, they reside in the largest western community in North Dakota and are conveniently situated near the mall, state capitol and interstate. Dakota REIT is thrilled with the addition of Bismarck 5 to its multifamily portfolio. About Dakota REIT Dakota REIT is a North Dakota Real Estate Investment Trust focused on consistently meeting shareholder investment performance expectations by investing in quality real estate that will allow for attractive dividend payments and increased long-term share value. Dakota REIT has paid consistent quarterly dividends for 21 years. Dakota REIT offers a diverse portfolio of properties consisting of multifamily and commercial property, including office, warehouse and industrial space operating across the upper Midwest. Dakota REIT’s press release and additional information are available on its website at www.dakotareit.com or by calling Investor Relations at 701-239-6879. Contact Information Mark Richman Business Development Phone: 701-356-6812 E-mail: markrichman@valleyrealtyinc.com