EXHIBIT 12.1

DUKE REALTY LIMITED PARTNERSHIP

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF
EARNINGS TO

COMBINED FIXED CHARGES AND PREFERRED DISTRIBUTIONS

(in thousands, except ratios)



|                                                                        |  |                               |         |  
|----------------------------------------------------------------------- |  | ----------------------------- | ------- | -
|                                                                        |  | Six MonthsEnded June 30, 2009 |        
|Income from continuing operations, less preferred distributions         |  | $                             | (13,715 | )
|Preferred distributions                                                 |  |                               | 36,726  |  
|Interest expense                                                        |  |                               | 104,073 |  
|                                                                        |  |                               |         |  
|Earnings before fixed charges                                           |  | $                             | 127,084 |  
|                                                                        |  |                               |         |  
|                                                                        | 
|Interest expense                                                        |  | $                             | 104,073 |  
|Interest costs capitalized                                              |  |                               | 14,371  |  
|                                                                        |  |                               |         |  
|Total fixed charges                                                     |  | $                             | 118,444 |  
|                                                                        |  |                               |         |  
|                                                                        | 
|Preferred distributions                                                 |  |                               | 36,726  |  
|                                                                        |  |                               |         |  
|Total fixed charges and preferred distributions                         |  | $                             | 155,170 |  
|                                                                        |  |                               |         |  
|                                                                        | 
|Ratio of earnings to fixed charges                                      |  |                               | 1.07    |  
|                                                                        |  |                               |         |  
|                                                                        | 
|Ratio of earnings to combined fixed charges and preferred distributions |  |                               | N/A     |  
|                                                                        |  |                               |         |  

N/A  The ratio is less than 1.0; deficit of $28.1 million exists for the six months ended June 30,
2009. The calculation of earnings includes $166.7 million of non-cash depreciation expense.