INDIANAPOLIS, Feb. 10, 2016 -Duke Realty, an Indianapolis-based commercial real estate developer specializing in medical properties, announced that it experienced strong healthcare development activity in the fourth quarter and throughout 2015.

The company initiated development of six medical buildings totaling 426,118 square feet in 2015. This included two medical office starts in the fourth quarter totaling 158,000 square feet. Two of the facilities are in suburbs near Denver; one is near Dallas-Fort Worth; and the others are located near Philadelphia; Memphis, Tenn.; and Chicago.

The company also had 10 healthcare projects under construction at year-end totaling 636,000 square feet. That's an increase from 2014 when the company had seven medical buildings under development totaling 395,000 square feet.

The properties under development in 2015 are located in several different markets across the country, including Cleveland, Cincinnati, Dallas-Fort Worth, Denver and Philadelphia.

In addition, Duke Realty reported that in-service occupancy in its healthcare facilities at year-end was 95.5 percent, an increase from 94.3 percent a year earlier.

Keith Konkoli, Duke Realty Executive Vice President, Healthcare, notes, 'We had an excellent year and also finished strong in the fourth quarter. Most of the major healthcare systems and hospitals, including our clients, are continuing their capital investment programs so our pipeline for medical office facilities is very healthy. We also are optimistic about 2016.'

About Duke Realty

Duke Realty is a national commercial real estate company specializing in the ownership, management and development of medical office properties, complemented by a large portfolio of industrial assets. Duke Realty (NYSE:DRE) owns, maintains an interest in or has under development 141.8 million square feet of space in more than 22 top-tier markets nationwide.

The healthcare segment of Duke Realty's portfolio totals more than 6.4 million square feet, and includes properties ranging from medical office buildings to rehabilitation facilities and from ambulatory care centers with diagnostics, oncology and surgery services to one of the nation's largest cancer centers. Duke Realty also has on-staff a team of healthcare professionals who are well-versed in the unique demands of medical providers and have proven experience in providing hospitals and physician groups comprehensive planning, development, ownership and facility management services. More information about Duke Realty's healthcare real estate capabilities is available at www.dukerealty.com/healthcare. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.

Duke Realty Corporation issued this content on 11 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 February 2016 16:21:06 UTC

Original Document: http://www.dukerealty.com/2016/02/11/duke-realty-reports-strong-healthcare-facility-development-activity-in-fourth-quarter-and-in-2015/