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Ann Colussi Dee Named Duke Realty's General Counsel Legal Veteran and Long-Term Associate Succeeds Howard Feinsand Who Is Retiring After 13 Years as Head of Company's Legal Operations


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© Marketwire 2012
2012-12-11 17:22:17 -

INDIANAPOLIS, IN -- (Marketwire) -- 12/11/12 -- Duke Realty Corporation (NYSE: DRE), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, medical office properties, and suburban office buildings, announced today that Ann Colussi Dee has been named Senior Vice President and General Counsel. Ms. Dee also will be a member of the company's Executive Committee.



Ms. Dee begins her new responsibilities January 1, 2013, succeeding Howard Feinsand who is retiring from Duke Realty at year-end. Feinsand was General Counsel for 13 years and also on the company's Board of Directors from 1998-2003.



"Ann Dee has been a valuable Duke Realty associate for more than 16 years and possesses vast legal knowledge and a keen understanding of our company's operations and strategic direction," said Denny Oklak, Chairman and Chief Executive Officer of Duke Realty. "We are pleased that she will now lead our legal team and provide our company with exemplary guidance. At the same time, we would like to thank Howard for his contributions and will miss the counsel that he has given our company over many years."





Ms. Dee began her career with Duke Realty in 1996 as a Corporate Attorney at the company's headquarters in Indianapolis. In the ensuing years, she was promoted to Senior Attorney and Assistant Vice President, Vice President, Legal and Deputy General Counsel and Senior Vice President. Before joining Duke Realty, Ms. Dee was a practicing attorney with law firms in Indianapolis and Columbus, Ohio.



Ms. Dee received her Juris Doctorate from Indiana University School of Law, her master's degree from Ball State University and a bachelor's degree from Hanover College. She is licensed to practice law in Indiana and Ohio.



During her time with Duke Realty, Ms. Dee has played a leadership role in many transactions, including billion dollar industrial and office portfolio dispositions. She also has spearheaded the development of standard operating procedures for handling the legal aspects of Duke Realty's various real estate transactions.



About Duke Realty
Duke Realty owns and operates approximately 142 million rentable square feet of industrial and office assets, including medical office, in 18 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 Realty is available at www.dukerealty.com : www.dukerealty.com/ .



Cautionary Notice Regarding Forward-Looking Statements



This news release may contain forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical facts, including, among others, statements regarding the company's future financial position or results, future dividends, and future performance, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of the company, members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," or similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond the company's abilities to control or predict. Such factors include, but are not limited to, (i) general adverse economic and local real estate conditions; (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business; (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms, if at all; (iv) the company's ability to raise capital by selling its assets; (v) changes in governmental laws and regulations; (vi) the level and volatility of interest rates and foreign currency exchange rates; (vii) valuation of joint venture investments, (viii) valuation of marketable securities and other investments; (ix) valuation of real estate; (x) increases in operating costs; (xi) changes in the dividend policy for the company's common stock; (xii) the reduction in the company's income in the event of multiple lease terminations by tenants; (xiii) impairment charges, (xiv) the effects of geopolitical instability and risks such as terrorist attacks; (xv) the effects of weather and natural disasters such as floods, droughts, wind, tornados and hurricanes; and (xvi) the effect of any damage to our reputation resulting from developments relating to any of items (i) - (ix). Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company's filings with the Securities and Exchange Commission. The company refers you to the section entitled "Risk Factors" contained in the company's Annual Report on Form 10-K for the year ended December 31, 2011. Copies of each filing may be obtained from the company or the Securities and Exchange Commission.



The risks included here are not exhaustive and undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to the company, its management, or persons acting on their behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless otherwise required by law.




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Ron Hubbard
VP, Investor Relations
317.808.6060



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