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Prologis
Prologis is the world's largest industrial real estate company, founded by Hamid Moghadam in 1997, with over $200B in assets across 19 countries.
Prologis
Prologis was founded in 1997 through the merger of Security Capital Industrial Trust and the industrial division of CalWest Industrial Properties, with Hamid Moghadam as co-founder and longtime CEO. The firm is structured as a publicly-traded real estate investment trust (REIT) and remains controlled by its founding management team, who hold significant equity stakes. The firm deploys capital across the full stack of industrial real estate: development of build-to-suit logistics facilities, acquisition of existing warehouses, and operation of energy and automation solutions for tenants. Asset classes include industrial properties, logistics centers, cold storage, and data centers tied to supply chain infrastructure. Confirmed portfolio includes over 5,500 buildings globally, with tenants ranging from Amazon to FedEx. Geographic footprint spans 19 countries in North America, Europe, Asia, and Latin America, making Prologis the dominant global player in logistics real estate. Prologis employs approximately 2,000 professionals across offices in the United States, United Kingdom, Israel, and Asia. The firm manages two adjacent vehicles: Prologis Ventures, a strategic venture capital arm investing in supply-chain and logistics technology, and Prologis Park Logistics, its development portfolio. In 2024, the firm completed the $26B acquisition of Duke Realty, consolidating its position as the U.S. market leader (per SEC filings, 2024). What differentiates Prologis from a pure-play real estate manager is its model as an operator of logistics ecosystems — it provides automated warehousing, solar energy generation, and last-mile delivery infrastructure alongside property ownership. This integration of physical and digital assets gives the firm structural advantages in tenant retention and development pipeline that typical REITs lack.
General information
Firm type
Asset Manager
Year founded
1997
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, California, United States
Additional offices
Manchester · Portola Valley · Menlo Park · Jerusalem
Principals
Hamid R. Moghadam
Co-Founder and Executive Chairman
Eugene F. Reilly
Chief Investment Officer and CEO
Sector focus
Frequently asked questions
Who controls investment decisions at Prologis?
Investment decisions are led by CEO and Chief Investment Officer Eugene F. Reilly, alongside Executive Chairman Hamid Moghadam. The firm operates through a centralized investment committee that approves all major acquisitions, developments, and capital allocations. The founding team retains significant ownership and board influence, ensuring long-term strategic alignment (per Prologis public filings).
How does Prologis generate proprietary deal flow?
Prologis generates proprietary deal flow through three channels: its own development pipeline of build-to-suit projects, its relationships with global corporations like Amazon and FedEx that pre-lease or co-locate, and its venture capital arm, Prologis Ventures, which invests in supply-chain technology startups that later become tenants or partners. This creates a flywheel where infrastructure needs drive real estate demand.
Does Prologis invest in fund commitments or only direct deals?
Prologis primarily invests directly in properties and development projects through its publicly-traded REIT structure. It also manages a number of co-investment vehicles and joint ventures with institutional partners, including the Prologis Core Fund and Prologis Targeted Yield Fund, which allow third-party capital to co-invest alongside the firm's own balance sheet. It does not operate as a fund-of-funds or third-party allocator.
What investment stages does Prologis target?
Prologis targets the full lifecycle of industrial real estate: land acquisition and development (build-to-suit), value-add repositioning of existing assets, and stabilized core holdings for income generation. The firm also invests in early-stage supply-chain technology through Prologis Ventures, typically at Series A through C stages, focusing on warehouse automation, last-mile logistics, and sustainable construction.
Which sectors does Prologis explicitly avoid?
Prologis does not invest in office, retail, multifamily residential, or hospitality real estate. Its entire strategy is concentrated on logistics and industrial assets, with a focus on e-commerce fulfillment, cold chain, and manufacturing distribution. The firm generally avoids high-risk construction lending or speculative office development.
How is Prologis related to Duke Realty?
Prologis acquired Duke Realty in 2024 in a $26B all-stock transaction, absorbing Duke's portfolio of approximately 400 industrial properties in major U.S. markets. The combined entity operates under the Prologis brand, with Duke's management team integrated into Prologis's regional operations. This acquisition solidified Prologis's position as the largest U.S. industrial landlord (per SEC filing).
Where does Prologis's underlying capital come from?
Prologis's capital comes from its publicly-traded common stock (NYSE: PLD), institutional investors such as pension funds and sovereign wealth funds that co-invest in its vehicles, and debt financing through public bonds and bank credit lines. The firm has an investment-grade credit rating and maintains a low leverage ratio typical of large-scale REITs. The founding team and board also hold significant personal stakes.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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