**Exhibit 21**

 
| **Subsidiary**                                                                                                                                         | ** ** | **State of Incorporation  or Organization** | ** ** | **Name under which  Subsidiary Conducts  Business** |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|------------|---------------------------------------------|------------|-----------------------------------------------------|
|                                                                                                                                                   |       |                                        |       |                                                |
| **The  financial statements of the following entities were consolidated into the  financial  statements of the Registrant at December 31, 2004:** |
|                                                                                                                                                   |       |
| Dining In, Inc.                                                                                                                                        |       | Missouri                                    |       | Dining  In, Inc.                                    |
| Duke Acquisition, Inc.                                                                                                                                 |       | Georgia                                     |       | Duke  Acquisition, Inc.                             |
| Duke Fitness Centers, LLC                                                                                                                              |       | Indiana                                     |       | Duke  Fitness Centers, LLC                          |
| Duke Realty Ohio                                                                                                                                       |       | Indiana                                     |       | Duke  Realty Ohio                                   |
| Duke Construction Limited Partnership                                                                                                                  |       | Indiana                                     |       | Duke  Construction Limited Partnership              |
| Duke Realty Construction, Inc.                                                                                                                         |       | Indiana                                     |       | Duke  Realty Construction, Inc.                     |
| Duke Realty Services Limited Partnership                                                                                                               |       | Indiana                                     |       | Duke  Realty Services Limited Partnership           |
| Duke Realty Limited Partnership                                                                                                                        |       | Indiana                                     |       | Duke  Realty Limited Partnership                    |
| Duke Business Centers Corporation                                                                                                                      |       | Indiana                                     |       | Duke  Business Centers Corporation                  |
| Kenwood Office Associates                                                                                                                              |       | Ohio                                        |       | Kenwood  Office Associates                          |
| Weeks Construction Services, Inc.                                                                                                                      |       | Georgia                                     |       | Weeks  Construction Services, Inc.                  |
| Weeks Development Partnership                                                                                                                          |       | Georgia                                     |       | Weeks  Development Partnership                      |
| Weeks Realty Services, Inc.                                                                                                                            |       | Georgia                                     |       | Weeks  Realty Services, Inc.                        |
| Duke Kentucky, Inc.                                                                                                                                    |       | Kentucky                                    |       | Duke  Kentucky, Inc.                                |
| BD Michigan Road Development, LLC                                                                                                                      |       | Indiana                                     |       | BD  Michigan Road Development, LLC                  |
|                                                                                                                                                   |       |                                        |       |                                                |
| **The  Registrant accounted for the following entities on the equity method at  December 31, 2004:**                                                   |
|                                                                                                                                                   |       |                                        |       |                                                |
| B/D Limited Partnership                                                                                                                                |       | Indiana                                     |       | B/D  Limited Partnership                            |
| Campus Development, LLC                                                                                                                                |       | Ohio                                        |       | Campus  Development, LLC                            |
| Cincinnati Development Group LLC                                                                                                                       |       | Ohio                                        |       | Cincinnati  Development Group LLC                   |
| Dividend Discount Model.com LLC                                                                                                                        |       | Indiana                                     |       | Dividend  Discount Model.com LLC                    |
| Dugan Office, LLC                                                                                                                                      |       | Indiana                                     |       | Dugan  Office, LLC                                  |
| Dugan Realty, LLC                                                                                                                                      |       | Indiana                                     |       | Dugan  Realty, LLC                                  |
| Dugan SSP Realty, LLC                                                                                                                                  |       | Indiana                                     |       | Dugan  SSP Realty, LLC                              |
| Dugan Texas, LLC                                                                                                                                       |       | Texas                                       |       | Dugan  Texas, LLC                                   |
| DWT Gateway I, LLC                                                                                                                                     |       | N.  Carolina                                |       | One  Gateway Centre, LLC                            |
| DWT Gateway II, LLC                                                                                                                                    |       | N.  Carolina                                |       | Two  Gateway Centre, LLC                            |
| Duke-Hawk, LLC                                                                                                                                         |       | Indiana                                     |       | Duke-Hawk,  LLC                                     |
| Hillside Partnership One LP                                                                                                                            |       | Georgia                                     |       | Hillside  Partnership One                           |
| Horizon Park Developers, Inc.                                                                                                                          |       | Georgia                                     |       | Horizon  Park Developers, Inc.                      |
| Lamida Partners LLC                                                                                                                                    |       | Ohio                                        |       | Lamida  Partners Limited Partnership                |
| Lirector, Inc.                                                                                                                                         |       | Illinois                                    |       | Lirector,  Inc.                                     |
| Park Fletcher Limited Partnership 2728                                                                                                                 |       | Indiana                                     |       | Park  Fletcher Limited Partnership 2728             |
| Post Road Limited Partnership                                                                                                                          |       | Indiana                                     |       | Post  Road Limited Partnership                      |
| Cincinnati Development Group/Other Ventures LLC                                                                                                        |       | Ohio                                        |       | Cincinnati  Development Group/Other Ventures LLC    |
| Dugan Millenia LLC                                                                                                                                     |       | Florida                                     |       | Dugan  Millenia LLC                                 |
| Park Creek Venture                                                                                                                                     |       | Indiana                                     |       | Park  Creek Venture                                 |
|                                                                                                                                                   |       |                                        |       |                                                |
| **The  Registrant accounted for the following entity on the cost method at December  31, 2004:**                                                       |
|                                                                                                                                                   |       |                                        |       |                                                |
| Pinnacle Media, LLC                                                                                                                                    |       | Indiana                                     |       | Pinnacle  Media, LLC                                |

 

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