Profile: Duke Realty Corp (DRE.N)
29 Jul 2016
Duke Realty Corporation, incorporated on March 12, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures. The Company conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP).
The Company's portfolio includes owned or jointly controlled approximately 590 industrial, medical offices and office properties, of which approximately 560 properties with approximately 135 million square feet were in service. The 560 in-service properties were comprised of over 490 consolidated properties with over 120 million square feet and approximately 70 jointly controlled properties with over 19 million square feet. These properties encompass approximately 140 million rentable square feet, and these are leased by over 1,600 tenants. The Company's tenants are engaged in government services, manufacturing, retailing, wholesale trade, distribution, healthcare and professional services. The Company also owns, including through ownership interests in unconsolidated joint ventures, approximately 3,200 acres of land and controlled an additional 1,600 acres through purchase options. The Company operates in over 21 countries, including Atlanta, Georgia; Baltimore, Maryland; Central Florida; Chicago, Illinois; Cincinnati, Ohio; Columbus, Ohio; Dallas, Texas; Houston, Texas; Minneapolis, Minnesota; Nashville, Tennessee; New Jersey; Northern and Southern California; Pennsylvania; Phoenix, Arizona; Raleigh, North Carolina; St. Louis, Missouri; Savannah, Georgia; Seattle, Washington; Washington D.C., and South Florida.
The Company owns interest in 460 bulk distribution industrial properties encompassing approximately 130 million square feet. These properties are primarily warehouse facilities. This also includes over 20 light industrial buildings, also known as flex buildings, totaling approximately 767,000 square feet. It also owns interests in approximately 45 suburban office buildings totaling over 5.5 million square feet and interest in over 80 medical office buildings totaling over seven million square feet.
Duke Realty Corp
600 E 96th St Ste 100
INDIANAPOLIS IN 46240-3792