Duke Realty Corp is a self-administered and self-managed REIT incorporated in the State of Delaware in 1985, and reincorporated in the State of Indiana in 1992. The Company completed its initial public offering in February 1986. The Company is engaged in the ownership, management and development of bulk distribution and medical office real estate. It also provides real estate services to third-party owners. The Company operates in four segments; the first three including ownership and rental of industrial, office, and medical office real estate investments. The operations of industrial, office and medical office properties, along with retail properties, are referred to as Rental Operations. The fourth reportable segment consists of real estate services including property management, asset management, maintenance, leasing, development, general contractor and construction management to third-party property owners and joint ventures referred to as Service Operations. Its Service Operations segment also includes its taxable REIT subsidiary. The Company provides in-house leasing, management, development and construction services coupled with commercially zoned and unencumbered land in existing business parks. The Company's portfolio includes approximately 587 rental properties encompassed approximately 142.6 million rentable square feet and was leased by a diverse base of more than 1,600 tenants whose businesses include government services, manufacturing, retailing, wholesale trade, distribution, healthcare and professional services. The Company also owned, 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 has regional offices or operations in 21 other geographic or metropolitan areas 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 faces competition from other real estate companies that provide comparable services.
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