Duke Executives and Directors Buy $37 Million of Company Stock; Plan Further Aligns Stockholders and Management Interests.

INDIANAPOLIS--(BUSINESS WIRE)--Sept. 1, 1998--Duke Realty Investments, Inc. (NYSE:DRE) announced today that 52 members of its management team purchased 1,296,000 shares, or approximately  $28 million, of newly issued common stock last week at last Tuesday's closing price. Additionally, all unaffiliated members of the Company's Board of Director's purchased another 402,335 shares or approximately $8,700,000 in the open market over the last four business days. Approximately 90 percent of the officers and 100 percent of the directors that were eligible to participate in this program chose to do so. Both the management and director purchases were financed by five-year personal loans at market interest rates from KeyBank. Participants in the program are personally responsible for repaying the loans when they come due. To facilitate the transaction, Duke has guaranteed repayment of the loans, but is fully indemnified by the participants.

Commenting on Duke's new Director/Officer Stock Ownership Program, Thomas L. Hefner, Chairman and Chief Executive Officer said, "The nearly unanimous participation rate is a clear vote of confidence by our key people in the future prospects of the Company. With all of the directors and substantially all of the Company's officers personally subject to both the risks and rewards of our future performance, there is no doubt that Duke managers and directors are as closely aligned to the interests of our shareholders as any company in the industry. Moreover, since a very substantial portion of the net worth of each member of the Duke management team is now invested in Duke stock, I sincerely believe they will wake up each morning thinking, `What can I do to enhance shareholder value today?'"

Prior to this series of transactions, key management and directors owned approximately 12.5 percent of the fully diluted stock of the Company. This raises that position by 1.7 million shares to more than 14.0 percent. "Directors and management have always had their interests directly aligned with shareholders and now to an even greater degree," Hefner added.

Not only do top managers and directors at Duke have personal stakes in the Company, nearly all Duke employees are shareholders as well. On two previous occasions, all eligible employees received grants of Company stock to their 401(k) accounts as part of their retirement funds. This is in addition to Duke's matching of employee 401(k) contributions with Company stock. Employees can also participate in an Employee Stock Purchase Plan where they can direct part of their compensation to buy company stock.

"In light of the sell off in real estate stocks, our middle management especially clamored for a way to own more of the Company. We all wanted to put our money where our mouths are," Hefner said. "We want all of our officers and directors to think like owners of the Company. It is the quality of our people that makes Duke one of the most highly regarded real estate companies in the country. We want them to conduct business like the Company's money is their own."

Duke Realty Investments is a fully integrated real estate company that owns interests in a diversified portfolio of 452 industrial, office and retail properties encompassing approximately 54 million square feet including today's announcements. These properties are primarily located in eight Midwestern cities. Duke Realty also owns approximately 1,800 acres of land that can support approximately 27 million square feet of future development.

The Company is a self-administered real estate investment trust which provides leasing, management, development, construction and other tenant-related services for its own properties and for 7.8 million square feet of properties owned by third

    CONTACT:  Duke Realty Investments, Inc.
               For Investor Inquiries -
                 Thomas K. Peck, 317/574-3512
               For Media Inquiries -
                 Donna H. Coppinger, 317/574-3518