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INDIANAPOLIS-Local REIT Duke Realty Corp. has added some bulk to its asset collection in recent weeks by acquiring two medical office portfolios from different sellers. The separate transactions effectively add 1.5 million square feet to the company’s portfolio and raise its medical office investment allocation to 15%, which is ahead of a 2013 year-end goal.

“These two recent transactions are significant for Duke Realty because they have enabled us to successfully meet our goal of having 15% of our investment in medical office assets ahead of our year-end 2013 target date,” says Denny Oklak, Duke Realty chairman and CEO in a press release.  “Through these acquisitions, we also have been able to add high-quality, well-leased properties supported by strong healthcare systems to our portfolio and expand our presence in what we believe are high-growth healthcare markets. In addition, we now have a significant presence in Florida, a targeted Duke Realty healthcare market, and expanded our relationships with five different hospital systems and the Department of Veterans Affairs.”

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