SECURITIES AND EXCHANGE
COMMISSION Washington,
D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
DUKE REALTY INVESTMENTS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE
$.01 (Title of Class of Securities)
264411 50 5
(CUSIP Number)
JOHN W. WYNNE
8888 KEYSTONE CROSSING, SUITE 12OO
INDIANAPOLIS, INDIANA 46240
(317) 574-3660
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
MARCH 1, 1997
(Date of Event Which Requires
Filing of this Statement)
Page 1 of 4 pages
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CUSIP NO.: 264411 50 5
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(1) Names of reporting persons ...........John W. Wynne
S.S. or I.R.S. Identification Nos. of
above persons ........................ ###-##-####
- ----------------------------------------------------------------
(2) Check the appropriate box if a member of
a group (a)
(see instructions) ------------
(b) x
------------
- ---------------------------------------------------------------
(3) SEC use only ..................................
- ---------------------------------------------------------------
(4)
Source of Funds (see instructions) ............ OO
- ---------------------------------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e)........
- ---------------------------------------------------------------
(6) Citizenship or place of organization .... United States
- ---------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power ..................... 638,491
---------------------------------------------------------
(8) Shared voting power ................... 1,061,058
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(9) Sole dispositive power ................ 638,491
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(10) Shared dispositive power .............. 1,061,058
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(11) Aggregate amount beneficially owned by each
reporting person ........................... 1,699,549
---------------------------------------------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions) .............
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(13) Percent of class represented by amount in Row (11) 5.2%
- ---------------------------------------------------------------
(14) Type of reporting person (see instructions) .. IN
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-Page 2 of 4 pages
ITEM 1(a) SECURITY AND ISSUER
Name of issuer: Duke Realty Investments, Inc.
Address of issuer's principal
executive offices: 8888 Keystone Crossing, Suite 1200
Indianapolis, Indiana 46240
Title of class of securities: Common Stock, par value $.01
ITEM 2 IDENTITY AND BACKGROUND
(a) Name of person filing: John W. Wynne
(b) Residence or business address: 8888 Keystone Crossing,
Suite 1200
Indianapolis, Indiana 46240
(c) Present principal occupation and name, principal business and address
where employment is conducted: Chairman of the Board
Duke Realty Investments, Inc.
Real Estate Development
8888 Keystone Crossing, Suite 1200
Indianapolis, Indiana
46240
(d) During the last five years the person filing this
statement has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the last five years the person filing this
statement has not been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as
a result of which the person filing this statement was or is
subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation
with respect to such laws.
(f) Citizenship: United States
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares were acquired by a merger of Park 100 Investors,
Inc. into Duke Realty Investments, Inc. The consideration
provided was the reporting person's ownership interest in
Park 100 Investors, Inc.
ITEM 4 PURPOSE OF TRANSACTION.
On March 1, 1997, Park 100 Investors, Inc. was merged into
Duke Realty Investments, Inc. The reporting person owned 32%
of Park 100 Investors, Inc. and received 123,636 shares as a
result of the merger. The only assets of Park 100 Investors,
Inc. prior to the merger were securities convertible to
shares of Duke Realty Investments, Inc. Accordingly, there
was no increase in the beneficial ownership of shares by the
reporting person as a result of the merger. The reporting
person has no plans or proposals of the types described in
the instructions to Item 4 of Schedule 13D.
ITEM 5 INTEREST IN SECURITIES OF THE
ISSUER.
(a) Amount beneficially owned: 1,699,549
Percent of class: 5.2%
Page 3 of 4 pages
(b) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 638,491
(ii) Shared power to vote or direct the vote: 1,061,058*
(iii) Sole power to dispose or to direct the disposition
of: 638,491
(iv) Shared power to dispose or to direct the disposition
of: 1,061,058*
----------
*Consists of securities owned by DMI Partnership which are
exchangeable for shares of the issuer's common stock.
(c) On March 1, 1997, the reporting person acquired 123,636
shares as a result of a merger of Park 100 Investors, Inc. into
Duke Realty Investments, Inc.
(d) No other person is known to have the right to receive or
the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities.
(e) Not applicable.
ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
The reporting person is a limited partner in Duke Realty Limited
Partnership. He is also a shareholder, officer and director of
each of the three corporate partners of DMI Partnership. The
other shareholders of the corporate partners of DMI Partnership
are Thomas L. Hefner, Darell E. Zink, Jr., Daniel C. Staton,
Gary A. Burk, David R. Mennel and Michael Coletta. None of
these relationships involve any contracts, arrangements
or understandings with respect to the acquisition,
ownership, voting or disposition of the securities of the
Issuer. ITEM 7 MATERIAL TO BE FILED AS EXHIBITS.
None.
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: March 5, 1997 /s/ John W. Wynne
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--John W. Wynne
Page 4 of 4 pages
