SAN FRANCISCO, Apr 5 (GCTL) - ProLogis Inc., the leading global owner, operator and developer of industrial real estate, has announced that during the first quarter of 2012, the company completed approximately $360 million in third-party land and building dispositions in the United States and Mexico, of which approximately $250 million was the company's share.
The dispositions comprised: approximately $135 million of buildings, from the Prologis North American Fund XI, of which $25 million was the company's share. This fund has one remaining property; and approximately $225 million of land and buildings from the company's balance sheet in 11 separate transactions.
In addition, consistent with the company's stated goal of streamlining its private capital business, Prologis continued the rationalization of its co-investment ventures into fewer, more profitable and differentiated investment vehicles. During the first quarter the company:
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