Prologis

Prologis Ventures is an owner, operator, and developer of industrial real estate. Providing customers with the right real estate solutions to meet their supply chain needs. 

Prologis was founded in 1983, with the mission of providing modern logistics facilities to companies around the world. The company was originally known as Security Capital Industrial Trust, and it went public in 1991. Over the years, Prologis has grown through a series of strategic acquisitions and partnerships, expanding its portfolio of properties and services to meet the evolving needs of its customers. Prologis develops, acquires and manages the industrial property, warehouses and distribution centres in more than 19 countries across the Americas, Europe and Asia. With a portfolio of more than 950 million square feet

The company leases modern distribution facilities to more than 5,200 customers, including manufacturers, retailers, transportation companies, third-party logistics providers, and other enterprises with large-scale distribution needs. It also offers its customers and investors the most modern and geographically diverse platform of distribution space in the world. 

Prologis is known for its commitment to sustainability and innovation, with a focus on developing environmentally-friendly properties and implementing advanced technology solutions. The company's portfolio includes a number of LEED-certified buildings, and it has set ambitious targets for reducing its carbon footprint and energy usage.

Prologis was founded in 1983 by Hamid R. Moghadam, who saw an opportunity to provide modern logistics facilities to companies in need of efficient distribution centres. Moghadam, who had previously worked for the real estate investment firm Taubman Company, believed that the traditional model of industrial real estate - which focused on manufacturing facilities and light industrial buildings - was ill-suited to meet the needs of the emerging logistics industry.

To address this gap in the market, Moghadam founded Security Capital Industrial Trust (SCIT), a real estate investment trust (REIT) focused on developing and managing modern distribution facilities. Moghadam and his team worked closely with customers to understand their needs and develop properties that could improve their supply chain operations and reduce costs. One of the key innovations that set SCIT apart from other industrial real estate firms was its focus on location. Moghadam recognized that a well-located distribution centre could have a significant impact on a company's bottom line, by reducing transportation costs and improving speed-to-market. As a result, SCIT invested heavily in prime locations near major transportation hubs and urban centres.

During the savings and loan crisis, the company avoided significant financial repercussions by investing in industrial parks and shopping centres and began to exit the office market in 1987. AMB launched its first private equity fund in 1989, which focused on industrial and retail properties. Security Capital Industrial Trust (SCI), a legacy company of Prologis, was formed in 1991.

In 1994 Security Capital goes public on the New York Stock Exchange. Meridian had been created in 1996 from the merger of four smaller companies, which had combined assets of $250 million at the time. The June 1998 purchase of Hatfield, Pennsylvania-based Rosenberger Cold Storage Cos. increased SCI's cold holdings by 27 percent, reported the Denver Post. It made another cool purchase in December 1997, buying Continental Freezers of Illinois. Prologis, Inc. was incorporated on November 24, 1997. Acquisitions build refrigerated warehouse businesses in the United States and Europe. In late 1997, AMB became a public company via an initial public offering, with more than US$2.8 billion under management.

The June 1998 purchase of Hatfield, Pennsylvania-based Rosenberger Cold Storage Cos. increased SCI's cold holdings by 27 percent, reported the Denver Post. ProLogis acquires Meridian Industrial Trust in a $1.5 billion deal. In 1999, the company sold its retail business to focus solely on the industrial sector. Continuing Expansion Beyond 2000 ProLogis debuted a new line of business in the spring of 2000, Equipment Services. The next year, ProLogis enters the Japanese market.

ProLogis (formerly ProLogis Trust) owned or managed assets worth more than $10 billion in 2002--more than 1,700 properties in North America, Europe, and Asia. Annual revenues rose 15 percent from $523 million to $679 million in 2002. The company made its first overseas investment in 2002, developing a facility for Procter & Gamble. 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. AMB added an internal development division in 2004. With headquarters in Aurora, Colorado, at the time, in 2005 ProLogis completed a merger with Catellus Development Corporation, a North American industrial development company, for $4.9 billion.

 In 2006, ProLogis became a Fortune 1000 company and the ProLogis European Properties Fund became a public company. In the midst of problems with debt following aggressive expansion and heavy borrowing, ProLogis' CEO Jeffrey Schwartz was replaced by Walter Rakowich in 2008. It sold its China operations and some of its Japanese interests to GIC Private Limited for $1.3 billion in 2009. The Blackstone Group bought a portfolio of assets from the company in late 2010 for $1 billion. In January 2011, the company sold a portfolio of Catellus retail and mixed-use assets to affiliates of TPG Capital for $505 million, including rights to the Catellus name.

In November 2012, the company sold a 1.98 million square portfolio in Minneapolis–Saint Paul for $96.6 million. AMB completes its equity offering, fortifying the balance sheet and securing projected capital needs through 2012. On February 14, 2013, Nippon Prologis REIT, Inc. (NPR), a Japanese real estate investment trust formed by Prologis, successfully completed an IPO on the Tokyo Stock Exchange.

In 2014, the company acquired a 117,600-square-foot warehouse in Hanover, Maryland for $8.65 million. and two industrial buildings in Charlotte, North Carolina for $17.5 million. At the end of 2014, Prologis owned 2,853 properties, with the bulk in North America and around 600 in Europe and Asia. In March 2015, the company acquired an 18-acre development site in La Vergne, Tennessee for $2.35 million.

The company began construction on a three-floor warehouse in Seattle, Washington, in November 2016, which was the first multi-story warehouse in the country. In December 2016, Prologis received two 2016 Eurobuild CEE Awards. In 2016, the company acquired 40 acres in Denver and sold an 800,000-square-foot distribution centre in Etna Township, Licking County, Ohio leased to Amazon.com for $89 million. In November 2017, the company sold a 12-building business park in Fremont, California for $72 million.

In August 2018, the company completed the $8.5 billion acquisition of DCT Industrial Trust. In November 2019, the company acquired land in Polk County, Florida for $10 million for a warehouse to be leased to Amazon.com. It completed the $13 billion acquisition of Liberty Property Trust in January 2020. 

Prologis began releasing a series of special reports on the industrial impact of the COVID-19 pandemic in early 2020, noting that an increase in e-commerce would likely result in companies increasing their inventories, in turn increasing the demand for warehousing.

“We aspire to be the leading global real estate company as measured by customer service, employee engagement, financial performance and balance sheet strength.”

“Our people are the key to our success as we aspire to be the leading global real estate company as measured by customer service, employee engagement, financial performance and balance sheet strength.”

“Prologis' vision is to be the global leader in logistics real estate solutions, creating long-term value for customers, partners and investors.”

“The quality of our people is the key to our success. Through mentorship, we pass on our institutional knowledge, develop our talent pool and create a sustainable and learning enterprise.”

• Solar Power 
• Racking Systems 
• Forklifts 
• Generators
• EV charging Infrastructure
• Other logistics tech equipment