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August 29, 2015 9:38 PM ET

Real Estate Investment Trusts (REITs)

Company Overview of Duke Realty Limited Partnership

Company Overview

Duke Realty Limited Partnership, through its subsidiaries, owns and operates a portfolio of industrial, office, healthcare, and retail properties in the Midwest and Southeast United States. The company provides various real estate services, including property leasing, property management, asset management, construction, development, and other tenant-related services to third-party property owners and joint ventures. As of December 31, 2007, its portfolio included 726 rental properties. Duke Realty Corporation serves as a general partner of Duke Realty Limited Partnership. Duke Realty Limited Partnership was founded in 1993 and is headquartered in Indianapolis, Indiana. Duke Realty Limited Pa...

600 East 96th Street

Suite 100

Indianapolis, IN 46240

United States

Founded in 1993

750 Employees

Phone:

317-808-6000

Key Executives for Duke Realty Limited Partnership

Chairman of Duke Realty Corporation - General Partner and Chief Executive officer of Duke Realty Corporation -General Partner
Age: 61
Chief Financial Officer of Duke Realty Corporation - General Partner and Executive Vice President of Duke Realty Corporation - General Partner
Age: 55
General Counsel of Duke Realty Corporation - General Partner and Executive Vice President of Duke Realty Corporation - General Partner
Age: 67
Executive Vice President of National Development & Construction - Duke Realty Corporation - General Partner
Age: 47
Executive Vice President of Construction for Duke Realty Corporation - General Partner
Age: 58
Compensation as of Fiscal Year 2015.

Duke Realty Limited Partnership Key Developments

Duke Realty Limited Partnership Announces the Resignation of James D. Bremner from the Position of President, Healthcare Effective June 30, 2015

On May 4, 2015, Duke Realty Corporation announced Mr. James D. Bremner will step down from the position of President, Healthcare of the Company, effective June 30, 2015.

Duke Realty LP to Purchase Up to $500 Million Certain of its Senior Notes

Duke Realty LP announced to purchase up to $500.0 million of certain of its senior notes for cash. The principal amounts of each class of securities that were validly tendered and not withdrawn as of 5 p.m. ET on April 1 are as follows: about $120.5 million of 8.25% senior notes due 2019; about $192.8 million of 5.95% senior notes due 2017; about $121.3 million of 6.75% senior notes due 2020; about $119.7 million of 6.50% senior notes due 2018; and about $91.9 million of 4.375% senior notes due 2022. The settlement date for securities accepted for purchase is April 3.

Duke Realty Limited Partnership Announces Pricing of Debt Tender Offer

Duke Realty Corporation announced that its operating partnership, Duke Realty Limited Partnership has determined pricing of its previously announced tender offer to purchase for cash for a combined aggregate purchase price (exclusive of accrued and unpaid interest) of up to $500,000,000 its 8.25% Senior Notes due 2019. The tender offer is being made upon and is subject to the terms and conditions set out in the offer to purchase, dated March 19, 2015, and the related letter of transmittal. The tender offer will expire at 11:59 pm, New York City time, on April 15, 2015, unless extended or earlier terminated by Duke Realty (expiration date). The deadline to validly withdraw tenders of securities was 5:00 p.m., New York City time, on April 1, 2015. Consequently, securities that have been tendered and not validly withdrawn, and securities tendered after such date and time, may not be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law. The consideration to be paid in the tender offer for each series of securities that are validly tendered on or prior to the early tender date and accepted for purchase was determined in the manner described in the offer to purchase by reference to the applicable fixed spread over the yield to maturity of the applicable U.S. Treasury Security each. Holders of securities that were validly tendered and not withdrawn on or prior to 5:00 p.m., New York City time, on April 1, 2015 (early tender date) and that are accepted for purchase will receive the applicable total consideration, which includes an early tender premium of $30.00 per $1,000 principal amount of the securities accepted for purchase. The total consideration for each series of securities was determined at 2:00 p.m., New York City time, April 2, 2015 (tender offer price determination date). Payments for securities purchased will include accrued and unpaid interest from and including the last interest payment date applicable to the relevant series of securities up to, but not including, the applicable settlement date for such securities accepted for purchase. The settlement date for securities that are validly tendered on or prior to the early tender date and accepted for purchase is expected to be April 3, 2015, one business day following the tender offer price determination date (the early settlement date). Subject to the maximum tender amount and the 2017 tender cap, all securities validly tendered and not validly withdrawn on or before the early tender date having a higher acceptance priority level will be accepted before any tendered securities having a lower acceptance priority level. Subject to the maximum tender amount and the 2017 tender cap, securities that were validly tendered and not validly withdrawn on or before the early tender date will be accepted for purchase in priority to other securities tendered after the early tender date even if such securities tendered after the early tender date have a higher acceptance priority level than securities tendered prior to the early tender date. As the tender offer was over-subscribed at the early tender date, it is expected that, subject to the priorities and proration rules applicable to the tender offer, only securities validly tendered and not validly withdrawn as of such date will be purchased in accordance with the terms of the tender offer, and that no securities tendered after the early tender date will be purchased in the tender offer. Securities of a series may be subject to proration if the aggregate purchase price for the Securities of such series validly tendered and not validly withdrawn would cause the maximum tender amount to be exceeded or, with respect to the 2017 notes, if the aggregate principal amount tendered is greater than the 2017 tender cap. As the tender offer was over-subscribed at the early tender date, and the amount of 2017 notes tendered exceeded the 2017 tender cap, the 2017 notes and 2018 notes will be subject to proration and none of the 2022 notes will be accepted for purchase. Any securities not accepted by Duke Realty due to proration and all 2022 notes will be returned promptly.

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