| Issuer Free Writing Prospectus |
| Filed Pursuant to Rule 433 |
| Registration Statement No. 333-120492 |
| February 22, 2006 |
Duke Realty Limited Partnership
$125,000,000
10-year Fixed Rate Notes due March 1, 2016
Issuer: | Duke Realty Limited Partnership |
Rating: | Baa1/BBB+/BBB+ (stable/stable/stable) |
Securities: | Senior unsecured |
Format: | SEC-Registered |
Principal Amount: | $125,000,000 |
Settlement Date: | March 1, 2006 |
Maturity Date: | March 1, 2016 |
Treasury Benchmark: | 10-year US Treasury Note (4.50% due 2/16) |
Treasury Yield: | 4.531% (price of 99-24) |
Reoffer Spread: | +105 bps |
Reoffer Yield: | 5.581% |
Reoffer Price: | 99.386% |
Coupon Rate: | 5.50% per annum (payable semi-annually) |
Interest Payment Dates: | March 1 and September 1, beginning September 1, 2006 |
Optional Redemption: | Make-Whole at T+20bps |
Denominations: | $1,000 x $1,000 |
CUSIP: | 26441Y AK 3 |
ISIN: | US26441YAK38 |
Sole Bookrunner: | Deutsche Bank Securities Inc. |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611.