M&A Deal Summary

Prologis Acquires DCT Industrial Trust

On April 29, 2018, Prologis acquired real estate company DCT Industrial Trust for 8.4B USD

Acquisition Highlights
  • This is Prologis’ 3rd transaction in the Real Estate sector.
  • This is Prologis’ 4th largest (disclosed) transaction.
  • This is Prologis’ 3rd transaction in the United States.
  • This is Prologis’ 1st transaction in Colorado.

M&A Deal Summary
Date 2018-04-29
Target DCT Industrial Trust
Sector Real Estate
Buyer(s) Prologis
Deal Type Add-on Acquisition
Deal Value 8.4B USD
Advisor(s) BofA Securities (Financial)
Goodwin Procter (Legal)

Target

DCT Industrial Trust

Denver, Colorado, United States
DCT Industrial Trust, Inc. is an industrial real estate company specializing in the ownership, development, acquisition and leasing of high-quality distribution assets in logistics markets. DCT Industrial Trust is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Prologis

San Francisco, California, United States
Category Company
Sector Real Estate
Employees2,574
Revenue 8.0B USD (2023)
DESCRIPTION
Entrance to Prologis' corporate headquarters in San Francisco, California.
Entrance to Prologis' corporate headquarters in San Francisco, California.

Prologis is an owner, operator, and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. Prologis is based in San Francisco, California.

DEAL STATS #
Overall 3 of 6
Sector (Real Estate) 3 of 6
Type (Add-on Acquisition) 2 of 5
State (Colorado) 1 of 2
Country (United States) 3 of 6
Year (2018) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-18 Arlington Industrial Property

United States

Arlington Industrial Property provides real estate services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Industrial Property Trust

Denver, Colorado, United States

Industrial Property Trust, Inc. (IPT) operates as a real estate investment trust (REIT) that acquires and operates high-quality distribution warehouses that are leased to corporate customers.1IPT seeks to acquire properties that produce rental revenue for IPT by means of the rents the corporate customers pay to use the properties for their businesses.

Buy $4.0B
Mergr

Product

Company

Legal