Prologis
 |
|
| Public | |
| Traded as | : PLD S&P 500 Component |
| Industry | Real estate investment trusts |
| Genre | Industrial properties |
| Founded | 1983 |
| Founder | Hamid Moghadam, Doug Abbey and T. Robert Burke |
| Headquarters | San Francisco, USA |
|
Area served
|
North and South America, Europe, Asia |
|
Key people
|
Hamid R. Moghadam (Chairman and CEO) Gary E. Anderson (CEO, Europe and Asia) Eugene F. Reilly (CEO, Americas) |
| Products | Commercial real estate |
| Total assets |
 US$ 51.1 billion (2014)
|
|
Number of employees
|
1,400 |
| Website | http://www.prologis.com/ |
Prologis, Inc. is a global industrial real estate investment trust (REIT). The company is the owner, manager and developer of approximately 3,000 logistics and distribution facilities in markets across the Americas, Asia and Europe, and serves approximately 4,700 customers across a diverse range of industries.
Prologis operates as a publicly traded company and is a member of the S&P 500.
In 2011, ProLogis and AMB Property Corporation completed a merger to create Prologis, which Forbes called the "World's Biggest Industrial Property Company." As of the first quarter 2014, Prologis had $51 billion in total assets under management.
Prologis’ corporate headquarters is located in San Francisco, California.
In 1983, Hamid Moghadam and Doug Abbey founded Abbey, Moghadam and Company with a $50,000 line of credit. They were joined by T. Robert Burke in 1984 and established AMB, a legacy Prologis company that invested in office, industrial and community shopping centers on behalf of large institutional investors.
In 1991, Security Capital Trust (SCI), a legacy company to Prologis, was incorporated. In 1994, SCI made an initial public offering (IPO) on the . In 1997, AMB closed its IPO with more than $2.8 billion under management.
In 1998, SCI officially changed its name to ProLogis. Also in 1998, the company acquired Meridian Industrial Trust for $1.5 billion. In 2004, ProLogis acquired Keystone Industrial Trust for $1.5 billion. In the same year, ProLogis formed its first joint venture in China with Suzhou Logistics Center Co. Ltd. In 2005, ProLogis completed a merger with Catellus Development Corporation, a North American industrial development company, for $5.3 billion.
...
Wikipedia