(Indianapolis, Ind. ‒ Sept. 23, 2015) Duke Realty, a leading commercial real estate developer, specializing in medical office properties, reported strong medical facility development and new project starts during the second quarter (2Q) of 2015.

By mid-year, the company's healthcare business unit had eight medical office buildings (MOBs) in its wholly-owned development pipeline totaling 415,000 square feet, with three medical facilities totaling 168,000 square feet started in the second quarter. In addition, at the end of the second quarter, occupancy in the company's in-service medical office facilities was 94.9 percent, up from 94.2 percent at the end of the first quarter. The new healthcare projects that began during 2Q included two MOBs in Colorado totaling 92,000 square and a 75,000-square-foot medical facility in Texas.

Keith Konkoli, Duke Realty's Executive Vice President, Healthcare, said the company has recently seen an influx of medical office facilities in its development pipeline, which mirrors the healthcare industry as a whole.

"Ambulatory facilities, including MOBs, make up 70 percent of new construction in the healthcare sector, and at Duke Realty we're seeing that level of activity or higher," Mr. Konkoli says. "MOBs are more cost-effective to build than inpatient facilities and are increasingly popular with consumers because they're usually located where they live and work, providing easy, convenient access."

Mr. Konkoli added, "Across the industry the trend is to develop modern, flexible space near market-leading hospitals and health systems, targeting patients through rapid technology advancements and services that were previously provided in higher-cost inpatient space."

About Duke Realty

With 25 years in the industry, Duke Realty's healthcare team offers proven experience in providing hospitals and physician groups comprehensive planning, development, ownership and facility management services. Projects have ranged from small medical office buildings to large ambulatory care centers with diagnostics, oncology and surgery services. To find out more, please visit www.dukerealty.com/healthcare.

Duke Realty Corporation owns, maintains an interest in or has under development 142 million rentable square feet of bulk distribution and office assets, including medical office, in 22 major U.S. metropolitan areas. Its medical office portfolio totals 5.9 million square feet, with properties in 15 markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index.www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.

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