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Duke Realty Corporation: Duke Realty Corporation Elects Thomas J. Baltimore, Jr. to Board of Directors

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^{Published in Business and Finance on Wednesday, January 28th 2009 at 16:34 GMT, Last Modified on 2009-01-28 16:35:45 by Market Wire}  

INDIANAPOLIS, IN--(Marketwire - January 28, 2009) - Duke Realty Corporation (NYSE: [ DRE ]) (Duke) announced that Thomas J. Baltimore, Jr., Co-founder and President of RLJ Development, LLC (RLJ), has been elected to its Board of Directors. RLJ is a privately held hotel real estate investment firm that, including its affiliates and three private equity funds, has more than $2 billion in equity under management from several major public and corporate pension funds and financial institutions.

A seasoned and experienced hospitality executive, Baltimore has direct day-to-day responsibility for all of RLJ's activities, including oversight of its $2.6 billion portfolio, which includes 123 hotels in major markets in North America with more than 16,000 guest rooms. In 2006, Baltimore led RLJ's acquisition of approximately 100 hotels from White Lodging Services Corporation for $1.7 billion, making RLJ one of the largest Marriott franchisees in the United States.

"We are excited about the new perspective that Tom can bring to our business operations," said Denny Oklak, Chairman and Chief Executive Officer of Duke. "Coming from the hospitality sector of the commercial real estate industry, his depth of experience will make unique contributions to Duke's long-term strategy." Prior to founding RLJ, Baltimore was with Hilton Hotels Corporation as Vice President, Development and Finance, from 1999 to 2000 and Vice President of Gaming Development from 1997 to 1998. He served as Vice President, Business Development for Host Marriott Services from 1994 to 1996 and was with the Marriott Corporation, holding various positions in the company, including Senior Director and Manager. Before joining the Marriott Corporation, Baltimore was a staff auditor for Price Waterhouse.

Baltimore earned a Bachelor of Science degree from the McIntire School of Commerce at the University of Virginia and an M.B.A. from the Colgate Darden Graduate School of Business Administration at the University of Virginia. He serves as a Trustee of the Darden School Foundation at the University of Virginia and is a Board member of the University's Jefferson Scholars Foundation. He is also a Director of Integra LifeSciences Holdings Corporation and Prudential Financial, Inc.

About Duke Realty Corporation

Duke Realty Corporation specializes in the ownership, management, development of office, industrial, and healthcare real estate. It is the largest publicly traded, vertically integrated office/industrial/healthcare real estate company in the United States. The company owns, manages, or has under development more than 144 million rentable square feet in 20 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke is available at [ www.dukerealty.com ].