SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AMENDMENT N0. 1
DUKE REALTY INVESTMENTS, INC. (Name of Issuer)
COMMON STOCK, PAR VALUE $.01
(Title of Class of Securities)
264411 50 5
(CUSIP Number)
DARELL E. ZINK, JR.
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
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CUSIP NO.: 264411 50 5
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(1) Names of reporting persons ....................Darell E. Zink, Jr.
S.S. or I.R.S. Identification Nos. of
above persons ................................. ###-##-####
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(2) Check the appropriate box if a member of a group
(see instructions) (a)
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(b) x
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(3) SEC use only ..................................
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(4) Source of Funds (see instructions) ............ OO
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(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e)........
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(6) Citizenship or place of organization .......... United States
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Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power ....................... 654,620
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(8) Shared voting power .....................1,061,058
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(9) Sole dispositive power .................. 654,620
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(10) Shared dispositive power ................1,061,058
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(11) Aggregate amount beneficially owned by each
reporting person ..............................1,715,678
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(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%
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(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: Darell E. Zink, Jr.
(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: Executive Vice President, Chief Financial
Officer and Assistant Secretary
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 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: 1,715,648
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: 654,620
(ii) Shared power to vote or direct the vote: 1,061,058*
(iii) Sole power to dispose or to direct the disposition of: 654,620
(iv) Shared power to dispose or to direct the disposition of:
1,061,058*
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*Consists of securities owned by DMI Partnership and Park 100 Investors,
Inc. which are exchangeable for shares of the issuer's common stock.
(c) On March 1, 1997, the reporting person acquired 8,521
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 DMI Partnership are John
W. Wynne, Thomas L. Hefner, 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: February 12, 1997 /s/ Darell E. Zink, Jr.
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Darell E. Zink, Jr.
Page 4 of 4 pages
