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