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June 22, 2024
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Prologis Completed $25 Bil of Industry Activity for 2020


Global industrial real estate firm Prologis Inc tells us that in 2020, the firm completed $25 bil of investment activity on an owned and managed basis. From the ProLogis – AMB merger in 2011 to year-end 2020, Prologis has completed investment transactions totaling over $131.4 bil in 30 global markets. The company's investment and development activities have ranged from the largest M&A transactions in the real estate sector to individual off-market deals under $5 mil.

"Despite the disruption and uncertainty of this past year, investment activity across our global platform continued unabated, reflecting the strong demand for high-quality logistics real estate in the best locations around the world," said Hamid R. Moghadam, chairman and CEO, Prologis. "Our portfolio and development-ready land bank near large population centers continue to be a competitive advantage for our customers."

Prologis has created a new senior role to bolster its growing global capital deployment efforts, naming long-time Prologis employee Dan Letter as global head of Capital Deployment effective January 1, 2021. Letter reports to Prologis chief investment officer Eugene F. Reilly. Letter is responsible for the company's Investment Committee process, capital deployment forecasting, deployment pipeline management and multi-market portfolio acquisitions and dispositions. He will work with Reilly and the company's Research and Valuations teams to review the company's investment strategies which now include fast-growing Urban Last Touch® and Customer-Led Development segments.

As of September 30, 2020, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 976 msf in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

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