M&A Deal Summary

Prologis Acquires Industrial Property Trust

On July 15, 2019, Prologis acquired real estate company Industrial Property Trust for 4.0B USD

Acquisition Highlights
  • This is Prologis’ 4th transaction in the Real Estate sector.
  • This is Prologis’ 5th largest (disclosed) transaction.
  • This is Prologis’ 4th transaction in the United States.
  • This is Prologis’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2019-07-15
Target Industrial Property Trust
Sector Real Estate
Buyer(s) Prologis
Deal Type Add-on Acquisition
Deal Value 4.0B USD

Target

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.

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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 4 of 6
Sector (Real Estate) 4 of 6
Type (Add-on Acquisition) 3 of 5
State (Colorado) 2 of 2
Country (United States) 4 of 6
Year (2019) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-29 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.

Buy $8.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-27 Liberty Property Trust

Wayne, Pennsylvania, United States

Liberty Property Trust is a provider in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 100 million square foot portfolio includes 746 properties which provide office, distribution and light manufacturing facilities to 1,800 tenants. Liberty Property was founded in 1972 and is based in Wayne, Pennsylvania.

Buy $12.6B
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