Prologis III

ProLogis

In September 2001, Arcapita entered into a series of joint ventures with ProLogis Trust (“ProLogis”) to acquire US industrial distribution facilities. ProLogis Third acquired a portfolio of 17 industrial distribution facilities with an average lease length of six years. The portfolios were sold in January 2006 to a strategic buyer. Headquartered in Denver, Colorado, ProLogis is a leading global provider of integrated distribution facilities and services throughout North America and Europe. ProLogis was responsible for property management, leasing and maintenance functions for the properties.

Investment Type

Real Estate

Region

United States

Exit Date

2006