Investors β†’ Prologis
PLD
Fund

Prologis

Investment Fund
Country πŸ‡ΊπŸ‡Έ United States
Strategy Logistics / Industrial REIT
AUM $200B AUM
Asset Class Logistics
01 β€” Overview

About the Fund

Prologis is the world's largest logistics real estate company and the largest REIT in the United States by market capitalization. With over $200 billion in assets under management and 1.2 billion square feet of industrial space across 19 countries, Prologis has become the essential infrastructure provider for global e-commerce and supply chain logistics.

Founded in 1983 and led by Hamid Moghadam, Prologis identified decades ago that proximity to consumers and transport infrastructure would become the scarcest resource in logistics real estate. Their strategy: own the best-located last-mile and mega-hub facilities in the world's top consumption markets.
02 β€” Capital Model

How It Create Wealth

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Logistics Dominance

Owns the most strategically located industrial facilities in the world's top e-commerce markets.

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Logistics Dominance

Owns the most strategically located industrial facilities in the world's top e-commerce markets.

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Location Scarcity

Infill locations near dense urban populations cannot be replicated β€” a permanent structural moat.

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Location Scarcity

Infill locations near dense urban populations cannot be replicated β€” a permanent structural moat.

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Rent Growth Engine

Supply constraints + e-commerce demand = structural rent escalation across the portfolio.

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Rent Growth Engine

Supply constraints + e-commerce demand = structural rent escalation across the portfolio.

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Essentials Infrastructure

Prologis facilities are non-discretionary: Amazon, DHL, FedEx must pay rent regardless of conditions.

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Essentials Infrastructure

Prologis facilities are non-discretionary: Amazon, DHL, FedEx must pay rent regardless of conditions.

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19 Countries

Global presence ensures exposure to e-commerce growth in Europe, Asia and Latin America.

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19 Countries

Global presence ensures exposure to e-commerce growth in Europe, Asia and Latin America.

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Prologis Essentials

Solar, EV charging and energy services create new revenue streams on existing rooftops.

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Prologis Essentials

Solar, EV charging and energy services create new revenue streams on existing rooftops.

03 β€” Portfolio

Key Holdings & Platforms

Company / Asset Country Asset Class Est. Value Ownership
US Industrial Portfolio United States Logistics $120B+ REIT Owner
US Industrial Portfolio United States Logistics $120B+ REIT Owner
European Logistics Europe Logistics $40B+ REIT Owner
European Logistics Europe Logistics $40B+ REIT Owner
Japan / Asia Portfolio Asia-Pacific Logistics $20B+ REIT Owner
Japan / Asia Portfolio Asia-Pacific Logistics $20B+ REIT Owner
Duke Realty (acquired) United States Logistics $26B Acquired 2022
Duke Realty (acquired) United States Logistics $26B Acquired 2022
04 β€” Signature Deals

Timeline of Major Moves

1983
Founded as AMB Property
Starts as a small industrial REIT focused on airport-adjacent logistics facilities.
1983
Founded as AMB Property
Starts as a small industrial REIT focused on airport-adjacent logistics facilities.
2011
Merger with ProLogis
AMB merges with ProLogis to create Prologis β€” the world's largest industrial REIT.
2011
Merger with ProLogis
AMB merges with ProLogis to create Prologis β€” the world's largest industrial REIT.
2019
Acquires Liberty Property Trust
$13B industrial acquisition expands US East Coast footprint.
2019
Acquires Liberty Property Trust
$13B industrial acquisition expands US East Coast footprint.
2022
Acquires Duke Realty for $26B
Largest industrial REIT acquisition in history β€” consolidates US Midwest and Southeast markets.
2022
Acquires Duke Realty for $26B
Largest industrial REIT acquisition in history β€” consolidates US Midwest and Southeast markets.
2023
Launches Prologis Ventures
Invests in logistics technology, automation and supply chain AI startups.
2023
Launches Prologis Ventures
Invests in logistics technology, automation and supply chain AI startups.
05 β€” Playbook

The Prologis Playbook

Thesis
E-commerce requires 3x more warehouse space than traditional retail per unit of consumption. This is structural.
Thesis
E-commerce requires 3x more warehouse space than traditional retail per unit of consumption. This is structural.
Location moat
Last-mile urban infill sites near dense populations are finite. Own them and the rent will come.
Location moat
Last-mile urban infill sites near dense populations are finite. Own them and the rent will come.
Scale advantage
1.2B sq ft means Prologis negotiates leases with Amazon, DHL and FedEx from a position of irreplaceable strength.
Scale advantage
1.2B sq ft means Prologis negotiates leases with Amazon, DHL and FedEx from a position of irreplaceable strength.
Adjacent revenue
Solar, EV charging and data center power on existing footprints create asset-light revenue.
Adjacent revenue
Solar, EV charging and data center power on existing footprints create asset-light revenue.
What to learn
The best real estate investment is often the one that looks the least glamorous β€” logistics over luxury.
What to learn
The best real estate investment is often the one that looks the least glamorous β€” logistics over luxury.