Duke Realty Adds to Acquisition Team in Southern California

INDIANAPOLIS — Duke Realty Corporation (NYSE: DRE), the largest domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that Isaac Lau has joined Duke Realty’s Southern California market team as assistant vice president of acquisitions. Lau brings more than 10 years of commercial real estate and financial experience to his new role implementing Duke Realty’s strategy in Southern California, a key growth market for the company.

“Duke Realty continues to invest heavily in the growth of our Western Region,” said Nancy Shultz, senior vice president for Duke Realty in Southern California. “Acquisitions are an important part of our coastal Tier 1 growth strategy and Isaac’s expertise will help us expand our best-in-class portfolio.”

“Southern California’s proximity to the largest port complex and second largest population in the U.S. along with its excellent distribution infrastructure make it a global logistics hub,” said Mark Crawford, vice president and head of acquisitions at Duke Realty. “We continue to be focused on acquiring industrial assets near ports, highways and population centers and are happy to have Isaac join us to help grow our portfolio in this strategic market.”

Lau joins Duke Realty from Gemdale USA where he served as director of investments for the West Coast. He was responsible for sourcing, underwriting and executing more than $500 million of office, multifamily and senior housing transactions. Prior to joining Gemdale, Lau was a corporate finance senior analyst for OpenX and an investment banking analyst for The Spartan Group. With a Bachelor of Science degree in management science from the University of California, San Diego, Lau is currently completing his Master of Business Administration studies at the UCLA Anderson School of Management.