MINOT, N.D., Jan. 24, 2017 /PRNewswire/ -- IRET (NYSE: IRET) today announced that on January 20, 2017, Jeffrey K. Woodbury tendered his resignation from IRET's Board of Trustees, effective immediately. Mr. Woodbury's resignation is due to personal reasons and not for any disagreement with either the Board or IRET's management on any matter relating to IRET's operations, policies or practices. Prior to resignation, Mr. Woodbury had been on a Board-approved leave of absence.
"On behalf of the entire Board, IRET employees and our shareholders, I would like to thank Jeff for his service on our Board of Trustees," commented Chief Executive Officer Tim Mihalick. "Jeff's contributions to IRET have been significant during his many years of service, and he has been a valued asset in helping guide our strategic transition towards becoming a premier multifamily company in the Midwest."