DAKOTAREITInvest. Protect. Diversify. Grow.DIVIDEND DECLARATIONThe Board of Trustees for Dakota Real Estate Investment Trustis pleased to announce its quarterly dividend at 20 cents pershare, (5.16 % rate of return) payable July 31, 2019 toshareholders of record as of June 30, 2019.. Dakota REIT haspaid dividends for 21 years and this is its 87th consecutivequarterly dividend.Dakota REIT is a North Dakota Real Estate Investment TrustCorporate Office3003 32nd Ave. South, Suite 250, Fargo, ND 58103(701) 239-6879. www.dakotareit.comC:\Company DataDAKOTA REITAdvertising and Media Releases Advertising - Newspapers AdAnnouncement Qtrly Dividend 2018 AD Dividend Declaration 2019 2nd_Qtr Dividend DeclarationAd.doc DAKOTA REIT Invest. Protect. Diversify. Grow. DIVIDEND DECLARATION The Board of Trustees for Dakota Real Estate Investment Trust is pleased to announce its quarterly dividend at 20 cents per share, (5.16 % rate of return) payable July 31, 2019 to shareholders of record as of June 30, 2019.. Dakota REIT has paid dividends for 21 years and this is its 87th consecutive quarterly dividend. Dakota REIT is a North Dakota Real Estate Investment Trust Corporate Office 3003 32nd Ave. South, Suite 250, Fargo, ND 58103 (701) 239-6879. www.dakotareit.com C:\Company DataDAKOTA REITAdvertising and Media Releases Advertising - Newspapers Ad Announcement Qtrly Dividend 2018 AD Dividend Declaration 2019 2nd_Qtr Dividend Declaration Ad.doc

Date: August 8, 2019

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DAKOTA REIT Invest. Protect. Diversify. Grow. DIVIDEND DECLARATION The Board of Trustees for Dakota Real Estate Investment Trust is pleased to announce its quarterly dividend at 20 cents per share, (5.16 % rate of return) payable July 31, 2019 to shareholders of record as of June 30, 2019.. Dakota REIT has paid dividends for 21 years and this is its 87th consecutive quarterly dividend. Dakota REIT is a North Dakota Real Estate Investment Trust Corporate Office 3003 32nd Ave. South, Suite 250, Fargo, ND 58103 (701) 239-6879. www.dakotareit.com C:\Company DataDAKOTA REITAdvertising and Media Releases Advertising - Newspapers Ad Announcement Qtrly Dividend 2018 AD Dividend Declaration 2019 2nd_Qtr Dividend Declaration Ad.doc DAKOTA REIT Invest. Protect. Diversify. Grow. DIVIDEND DECLARATION The Board of Trustees for Dakota Real Estate Investment Trust is pleased to announce its quarterly dividend at 20 cents per share, (5.16 % rate of return) payable July 31, 2019 to shareholders of record as of June 30, 2019.. Dakota REIT has paid dividends for 21 years and this is its 87th consecutive quarterly dividend. Dakota REIT is a North Dakota Real Estate Investment Trust Corporate Office 3003 32nd Ave. South, Suite 250, Fargo, ND 58103 (701) 239-6879. www.dakotareit.com C:\Company DataDAKOTA REITAdvertising and Media Releases Advertising - Newspapers Ad Announcement Qtrly Dividend 2018 AD Dividend Declaration 2019 2nd_Qtr Dividend Declaration Ad.doc

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