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Slide #53. Prologis, Inc. — Prologis Institutional Alliance Fund II
Prologis, Inc. (NYSE:PLD)
Prologis Institutional Alliance Fund II
Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced it has purchased its partners' 72 percent interest in Prologis Institutional Alliance Fund II and brought the entire 4.9 million square foot portfolio (455,000 square meters) onto its balance sheet. Prologis previously owned 28 percent of Alliance Fund II which launched in June 2001 and had reached the end of the venture's term.
Prologis is a self-administered and self-managed real estate investment trust and is the sole general partner of Prologis, L.P. Co. owns, manages and develops logistics facilities, with a focus on the consumption side of the global supply chain. Most of Co.'s properties in the United States are wholly owned, while its properties outside the United States are primarily held in co-investment ventures. Co. has two segments: Real Estate Operations, which represents the ownership and development of operating properties, and includes land held for development and properties under development; and Strategic Capital, which represents the management of unconsolidated co-investment ventures.
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Strong Buy (3.61 out of 4)
(ranked higher than approx. 68% of all stocks covered)
Based on Zacks ABR data;
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