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)
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)
AUGUST 8, 1996
(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 ........... 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 (a)
(see instructions) ------------
(b) x
------------
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(3) SEC use only ..................................
- -----------------------------------------------------------------
(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)........
- -----------------------------------------------------------------
- -------
(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 ..................... 688,399
------------------------------------------------------------
(8) Shared voting power ................... 1,447,686
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(9) Sole dispositive power ................ 688,399
------------------------------------------------------------
(10) Shared dispositive power .............. 1,447,686
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(11) Aggregate amount beneficially owned by each
reporting person ........................... 2,136,085
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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) 6.8%
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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 inheritance, and there were no funds
or other consideration used in connection with the acquisition.
ITEM 4 PURPOSE OF TRANSACTION.
The shares were acquired by inheritance. 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: 2,136,085
Percent of class: 6.8%
Page 3 of 4 pages
(b) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 688,399
(ii) Shared power to vote or direct the vote: 1,447,686*
(iii) Sole power to dispose or to direct the disposition
of: 688,399
(iv) Shared power to dispose or to direct the disposition
of: 1,447,686*
----------
*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 August 8, 1996 and August 15, 1996, the reporting person
acquired 700 shares and 4,764 shares, respectively, by inheritance
from a relative's estate.
(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
Park 100 Investors, Inc. and of each of the three corporate
partners of DMI Partnership. The other shareholders of Park 100
Investors, Inc. are John W. Wynne, John S. Rosebrough, Thomas
Sams, Thomas L. Hefner and Robert Scannell. The other
shareholders of the corporate partners 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
