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Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. [5] The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world.
Hamid Moghadam (born August 26, 1956) is an Iranian-American business executive and philanthropist. [1] [2] [3] In 2011, Moghadam orchestrated the combination between AMB, [4] a firm he co-founded in 1983, [1] [2] and ProLogis to create Prologis, the largest logistics real estate company in the world.
Company: Prologis Title: Chairman & CEO 2024 company ranking: No. 463. Moghadam first established Security Capital Industrial Trust in 1991, later to be named Prologis, after he cofounded ...
Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. [1] [2] As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. [1]
Real estate investment trusts are excellent options for individuals who want investment exposure in the real estate market but don't have the funds to buy multiple properties themselves. REITs are...
Prologis has since taken a shot at revising its values, Moghadam explains. Under the heading “Be the difference,” it now also has five traits that drive company culture: 1.
The company owns a 20% interest in the project. [1] In 2016, the company sold a portfolio of 8 properties for $131.1 million, [7] an 8 building portfolio in Herndon, Virginia for $97 million, [8] and a portfolio of 108 properties for $969 million. [9] [10] On February 4, 2020, the company was acquired by Prologis. [11]
On June 7, 2005, Catellus Development Corporation announced it will merge into ProLogis (NYSE: PLD) for $3.6 billion ($5.5 billion in 2018 dollars). [5] The deal closed on September 15, 2005. In late 2010, The private equity firm TPG Capital announced its intent to acquire a collection of real estate and the Catellus trademark from ProLogis. [6]