Building for the future

From its earliest foundations more than thirty years ago, Prologis has become a global leader in real estate. Learn more about how we are building for the future using the milestone timeline below, viewing our anniversary video, or visiting our 30th anniversary website.

Learn more about Prologis' leadership in the transformation of an historic San Francisco landmark by visiting Prologis at the Pier.

Jump to year:    '83 - '91   |   '94 - '97   |   '97 - '99   |   '99 - '02   |   '02 - '04   |   '04 - '06   |   '07 - '09   |   '10 - '11   |   '12 - '13   |   '14 - '16

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1983Douglas Abbey, Hamid Moghadam and T. Robert Burke (joined in 1984) found AMB Property Corporation, focusing on investment in office, industrial and community shopping centers on behalf of major institutional investors.

1987AMB refines its investment strategy over the next two years by exiting office markets and focusing on industrial and shopping center in infill trade areas.

1991The company that is to later become ProLogis is incorporated as Security Capital Industrial Trust (SCI).

1994SCI makes its initial public offering on the New York Stock Exchange.

1996SCI expands outside the United States for the first time with acquisitions in Mexico.

1997AMB closes its initial public offering, with more than $2.8 billion under management.

1997The company establishes its first European office in Amsterdam.

1998SCI officially changes its name to ProLogis. The company acquires Meridian Industrial Trust for $1.5 billion.

1999AMB exits community shopping center investments to focus on industrial properties in targeted markets.

1999ProLogis forms its first property fund, ProLogis California ($556 million), and the ProLogis European Property Fund.

2001ProLogis announces its entry into the Japan market.

2002AMB launches its international expansion program focused on trade-centric locations in Mexico, Europe and Asia.

2002ProLogis forms the ProLogis Japan Properties Fund ($1 billion) with the Government of Singapore Real Estate.

2003ProLogis is added to the S&P 500. The company announces its entry into the China market.

2004AMB forms the first open-end commingled fund by a REIT—AMB Institutional Alliance Fund III. It also establishes new business lines, including direct development and additional private capital products, over the next two years.

2004ProLogis acquires Keystone Industrial Trust for $1.5 billion. The company forms its first joint venture in China with Suzhou Logistics Center Co. Ltd.

2005ProLogis completes a merger with Catellus, a North American industrial development company, for $5.3 billion.

2006ProLogis becomes a FORTUNE 1000 company. The ProLogis European Properties Fund completes initial public offering on Euronext exchange in Amsterdam.

2007ProLogis releases real estate industry’s first annual sustainability report.

2009AMB completes its equity offering, fortifying the balance sheet and securing projected capital needs through 2012.

2009ProLogis sells its China operations and its 20 percent interest in Japan Property Funds to GIC Real Estate for $1.3 billion.

2010AMB forms Mexico Fondo Logistico, the first of its kind industrial venture for Mexican pension funds (AFORES)

2011ProLogis closes the sale on a majority of Catellus retail and mixed-use assets to affiliates of TPG Capital (TPG) for $353 million, including rights to the Catellus name.

2011AMB forms a euro 470 million Joint Venture with Allianz Real Estate, marking Allianz Real Estate’s largest joint venture and biggest foray into the logistics space at that time.

2011ProLogis and AMB complete a merger of equals to create the pre-eminent global industrial real estate company, with more than $40 billion of assets under management and a platform of logistics and distribution facilities on 4 continents.

2012Prologis assumes 100% control of Prologis European Properties (PEPR) ahead of schedule, thus liquidating the fund. Assets received include 210 facilities covering 48.4 million square feet (4.5 million square meters) across 11 countries.

2013Nippon Prologis REIT, Inc. (NPR), a Japanese real estate investment trust, successfully completes initial public offering on Tokyo Stock Exchange. NPR provides investors a unique investment opportunity and further positions Prologis for sustained growth in Japan.

2013Prologis European Logistics Partners Sarl, a joint venture with Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, closes with an initial acquisition of 195 Class-A properties comprising 49msf (4.5msm).

2014Prologis completes its IPO for FIBRA Prologis, the first IPO for a FIBRA in Latin America in 2014. FIBRA Prologis comprises approximately 30 msf (2.8 msm) across six markets in Mexico.

2015Prologis completes the acquisition of the real estate assets and operating platform of KTR Capital Partners (KTR) and its affiliates for a total purchase price of $5.9 billion.

2016Moody's Investors Service (Moody's) upgraded Prologis, L.P.'s senior unsecured rating to A3 from Baa1. The rating service also upgraded the ratings on Prologis’ preferred stock to Baa1 from Baa2.

2016S&P Global Ratings raised Prologis, Inc.'s rating to A- from BBB+, citing its diversified real estate portfolio and potential for rent growth.