We first focused on industrial development and construction in the Indianapolis area but by the late 1970s we had entered Cincinnati, Ohio, and expanded our development portfolio to include office properties. We continued to grow throughout the next decade, opening industrial and office developments in Nashville, Tennessee, and Columbus, Ohio, and quickly became one of the largest developers and property owners in each of these markets.
In 1993, our Initial Public Offering (IPO) generated more than $310 million and we became a publicly traded company on the New York Stock Exchange (NYSE symbol: DRE).
After this transition, we continued to expand in the Midwest, and a significant acquisition in 1999 broadened our geographic presence in the South and Southeast regions of the United States.
We saw considerable market expansion in 2005 through 2007 as our portfolio grew to include properties in Washington D.C., Houston and Phoenix, as well as in key port locations such as Savannah, Baltimore and Norfolk.
In 2007, we acquired an experienced medical office developer and so began offering healthcare properties. Our healthcare team is focused on the planning, development, ownership and management of healthcare facilities, ranging from small medical office buildings to facilities with diagnostics, oncology centers or surgery centers.
Our industrial presence expanded in 2011, with the addition of our first buildings in Southern California.
For over 40 years, we have developed premier buildings across the country. Today, our portfolio exceeds 149 million square feet with properties in 22 major U.S. metropolitan areas. Our expertise, financial strength and commitment to quality have cemented our reputation and helped position us as one of the largest publicly traded owners, managers and developers of industrial, office and healthcare properties in the United States.