We have been the world’s leading industrial real estate company for more than 30 years. See the key milestones that have helped us continue to build a better future for our customers and our company.
1983
Douglas Abbey, Hamid Moghadam and T. Robert Burke (joined in 1984) establish AMB Property Corporation, focusing on investment in office, industrial and community shopping centers on behalf of major institutional investors.
1987
AMB refines its investment strategy over the next two years by exiting office markets and focusing on industrial and shopping centers in infill trade areas.
1991
The company that is to later become Prologis is incorporated as Security Capital Industrial Trust (SCI).
1994
SCI makes its initial public offering on the New York Stock Exchange.
1996
SCI expands outside the United States for the first time with acquisitions in Mexico.
1997
AMB closes its initial public offering, with more than $2.8 billion under management.
1997
The company establishes its first European office in Amsterdam.
1998
SCI officially changes its name to Prologis. The company acquires Meridian Industrial Trust for $1.5 billion.
1999
AMB exits community shopping center investments to focus on industrial properties in targeted markets.
1999
Prologis forms its first property fund, Prologis California ($556 million), and the Prologis European Property Fund.
2001
Prologis announces its entry into the Japanese market.
2002
AMB launches its international expansion program focused on trade-centric locations in Mexico, Europe and Asia.
2002
Prologis forms the Prologis Japan Properties Fund ($1 billion) with the Government of Singapore Real Estate.
2003
Prologis is added to the S&P 500. The company announces its entry into the Chinese market.
2004
AMB forms the first open-end commingled fund by an REIT—AMB Institutional Alliance Fund III. It also establishes new business lines, including direct development and additional private capital products, over the next two years.
2004
Prologis acquires Keystone Industrial Trust for $1.5 billion. The company forms its first joint venture in China with Suzhou Logistics Center Co. Ltd.
2005
Prologis completes a merger with Catellus, a North American industrial development company, for $5.3 billion.
2006
Prologis becomes a FORTUNE 1000 company. The Prologis European Properties Fund completes initial public offering on the Euronext exchange in Amsterdam.
2007
Prologis releases the real estate industry’s first annual sustainability report, well ahead of the competition.
2009
AMB completes its equity offering, fortifying the balance sheet and securing projected capital needs through 2012.
2009
Prologis sells its China operations and its 20% interest in Japan Property Funds to GIC Real Estate for $1.3 billion.
2010
AMB forms Mexico Fondo Logistico, the first of its kind industrial venture for Mexican pension funds (AFORES).
2011
Prologis closes the sale on a majority of Catellus retail and mixed-use assets to affiliates of TPG Capital (TPG) for $353 million, including rights to the Catellus name.
2011
AMB forms a €470 million Joint Venture with Allianz Real Estate, marking Allianz Real Estate’s largest joint venture and biggest foray into the logistics space at that time.
2011
Prologis and AMB complete a merger of equals to create the preeminent global industrial real estate company, with more than $40 billion of assets under management and a platform of logistics and distribution facilities on four continents.
2012
Prologis assumes 100% control of Prologis European Properties (PEPR) ahead of schedule, thus liquidating the fund. Assets received include 210 facilities covering 48.4 million square feet (4.5 million square meters) across 11 countries.
2013
Nippon Prologis REIT, Inc. (NPR), a Japanese real estate investment trust, successfully completes its initial public offering on the Tokyo Stock Exchange. NPR provides investors a unique investment opportunity and further positions Prologis for sustained growth in Japan.
2013
Prologis European Logistics Partners Sarl, a joint venture with Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, closes with an initial acquisition of 195 Class-A properties comprising 49msf (4.5msm).
2014
Prologis completes its IPO for FIBRA Prologis, the first IPO for a FIBRA in Latin America in 2014. FIBRA Prologis comprises approximately 30 msf (2.8 msm) across six markets in Mexico.
2015
Prologis completes the acquisition of the real estate assets and operating platform of KTR Capital Partners (KTR) and its affiliates for a total purchase price of $5.9 billion.
2016
Moody's Investors Service (Moody's) upgraded Prologis, L.P.'s senior unsecured rating to A3 from Baa1. The rating service also upgraded the ratings on Prologis’ preferred stock to Baa1 from Baa2.
2016
S&P Global Ratings raised Prologis, Inc.'s rating to A- from BBB+, citing its diversified real estate portfolio and potential for rent growth.
2018
Prologis completes an all-stock acquisition of DCT Industrial Trust for $8.5 billion.
2020
Prologis completes an acquisition of the wholly owned real estate assets of Industrial Property Trust for approximately $4 billion in cash.
2020
Prologis completes an all-stock acquisition of Liberty Property Trust for $13 billion.
