What does Duke Realty Corp do?
What does Duke Realty Corp do?
Duke Realty, the leading U.S. industrial REIT, delivers excellence in logistics real estate, with new and existing facilities in key distribution locations. To ensure sustainable and responsible impact on our world—and in the communities we serve—we develop to the highest, longest-lasting standard.
Is Duke Realty a good investment?
Duke Realty Corporation – Hold Valuation metrics show that Duke Realty Corporation may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of DRE, demonstrate its potential to underperform the market.
How many properties does Duke Realty have?
Duke Realty Corporation owns and operates approximately 160 million rentable square feet of industrial properties in 19 major U.S. logistics markets.
Does Duke have real estate?
The Duke Real Estate Office is charged with the overall real estate strategy for space leased by Duke University and Duke University Health System, the asset management of the Washington Duke Inn, and the acquisition and disposition of lands in the Duke Forest.
Who started Duke Realty?
Duke Realty
| Type | Public |
|---|---|
| Founder | John Rosebrough Phil Duke John Wynne |
| Headquarters | Indianapolis, Indiana , United States |
| Key people | James B. Connor (Chairman and Chief executive officer) |
| Website | www.dukerealty.com |
What happened to General Growth Properties?
On August 28, 2018, GGP was acquired by Brookfield Property Partners and management of its former portfolio was transferred to its Brookfield Properties subsidiary for $9 billion in cash. The transaction reunited the malls spun off in the Rouse Properties spinoff with the GGP malls.
When did Duke Realty go public?
1993. The company issued an IPO that generated more than $310 million and became a publicly traded company on the New York Stock Exchange (NYSE: DRE). Funds generated by the IPO helped improve the company’s balance sheet and put it in an excellent position to raise capital in the future to grow its portfolio.
Is General Growth Properties still in business?
(an initialism of General Growth Properties) was an American commercial real estate company and the second-largest shopping mall operator in the United States….GGP Inc.
| Final logo, used from 2011–2018 | |
|---|---|
| Formerly | General Management (1954–1970) General Growth Properties (1970–2017) |
| Fate | Acquired by Brookfield Property Partners |
How much did Brookfield pay GGP?
Brookfield Property REIT ( BPYU ) is a real estate investment trust (REIT) focused on owning and operating best-in-class retail shopping centers. One year ago, the company completed its acquisition of General Growth Properties (GGP), a REIT focusing on master planned communities and retail, for a cool $27.5 billion.
What retailers does Brookfield own?
Our best-in-class retail properties provide an engaging environment and experience for our communities, retailers, employees, consumers, and stakeholders.
- Ala Moana Center.
- Brookfield Place New York.
- Mizner Park.
- Grand Canal Shoppes.
- The Mall Jinqiao.
When did Brookfield buy GGP?
August 2018
Brookfield’s decision to acquire GGP was clearly a contrarian one given the state of the industry and where stock prices traded. The deal was completed in August 2018, and the newly created Brookfield Property REIT began trading immediately after.
Who owns the Glendale Galleria?
Brookfield PropertiesGlendale Galleria / Owner
