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Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. [1] [2] As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. [1] In October 2022, it was acquired by Prologis.
Prologis (PLD) inks deal to acquire Duke Realty (DRE) in an all-stock transaction valued at $26 billion.
Prologis acquired competitor Duke Realty in October 2022, for $23 billion, completing the largest commercial real estate transaction in the U.S. since the onset of the COVID-19 pandemic. The following June, it acquired a further 14 million square feet of industrial property from The Blackstone Group for $3.1 billion. [57]
The merger will result in the addition of high-quality properties to the Prologis' (PLD) portfolio in major regions across the nation, including Southern California, New Jersey, South Florida ...
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Rent growth on new and renewal leases, higher in-service occupancy and leasing of new developments aid Duke Realty's (DRE) Q3 results. The company also reports strong rent collections so far.
Liberty Property Trust was a real estate investment trust that invested in office buildings and industrial properties. As of December 31, 2017, the company owned interests in 461 industrial and 48 office properties comprising 86.0 million square feet.