Prologis Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
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Co-Investment Ventures
Included in our O&M portfolio are consolidated and unconsolidated co-investment ventures that hold investments in real estate properties, primarily logistics facilities, that we also manage. Our unconsolidated co-investment ventures are accounted for under the equity method. The amounts included for the unconsolidated ventures are reflected at 100% of the amount included in the ventures’ financial statements as calculated on a GAAP basis, not our proportionate share. The following table summarizes our consolidated and unconsolidated co-investment ventures at December 31, 2023 (in millions):
| Operating Properties | |||||
|---|---|---|---|---|---|
| Square Feet · Gross Book Value · Investment in Land · Development Portfolio – TEI | |||||
| Consolidated Co-Investment Venture | |||||
| U.S.: | |||||
| Prologis U.S. Logistics Venture (“USLV”) | 78 | $8,167 | $4 | $ | - |
| Total | 78 | $8,167 | $4 | $ | - |
| Unconsolidated Co-Investment Ventures | |||||
| U.S.: | |||||
| Prologis Targeted U.S. Logistics Fund (“USLF”) | 126 | $13,162 | $14 | $ | - |
| Other Americas: | |||||
| FIBRA Prologis | 47 | 3,284 | 2 | - | |
| Prologis Brazil Logistics Venture ("PBLV") and other joint ventures | 18 | 936 | 33 | 109 | |
| Subtotal Other Americas | 65 | 4,220 | 35 | 109 | |
| Europe: | |||||
| Prologis European Logistics Fund (“PELF”) | 164 | 18,786 | 7 | 54 | |
| Prologis European Logistics Partners (“PELP”) | 59 | 6,868 | 86 | 43 | |
| Subtotal Europe | 223 | 25,654 | 93 | 97 | |
| Asia: | |||||
| Nippon Prologis REIT (“NPR”) | 43 | 6,601 | - | - | |
| Prologis Japan Core Logistics Fund ("PJLF") | 2 | 491 | - | - | |
| Prologis China Core Logistics Fund (“PCCLF”) | 30 | 2,246 | - | - | |
| Prologis China Logistics Venture | 19 | 912 | 13 | 418 | |
| Subtotal Asia | 94 | 10,250 | 13 | 418 | |
| Total | 508 | $53,286 | $155 | $624 | |
For more information regarding our unconsolidated and consolidated co-investment ventures, see Notes 5 and 11 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.