Prologis is a real estate investment trust. Through its controlling interest in Prologis, L.P., Co. is engaged in the ownership, acquisition, development and operation of industrial properties in global, regional and other distribution markets throughout the Americas, Europe and Asia. Co.'s Real Estate Operations segment represents the ownership of industrial properties, and its Private Capital segment represents the long-term management of co-investment ventures and other unconsolidated entities. As of Dec 31 2012, on an owned and managed basis, Co. had properties and development projects totaling 554.0 million square feet (51.5 million square meters) in 21 countries.
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