Duke Realty Buying Bremner Healthcare

Duke Realty Corp., an Indianapolis-based industrial and office real estate investment trust, is acquiring Bremner Healthcare Real Estate, a health care real estate development and management firm.The terms of the deal, which aims to cash in on growth opportunities in the health care industry, were not disclosed. The company will operate as a division of Duke, the REIT reported, with Bremner Healthcare chief executive officer Jim Bremner and his associates joining the Duke division. Health care expenditures in the United States are expected to be over $33 billion by 2010, according to Denny Oklak, Duke's chairman and CEO. "Almost 35% of these expenditures will be for outpatient facilities such as medical office buildings, surgery centers, and clinics," Mr. Oklak said. The deal is expected to close in January 2007. Duke can be found online at http://www.dukerealty.com.