Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 155

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 155
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26

CO-INVESTMENT VENTURES

Included in our O&M portfolio are consolidated and unconsolidated co-investment ventures that hold investments in real estate properties, primarily logistics facilities, that we also manage. Our unconsolidated co-investment ventures are accounted for under the equity method. The amounts included for the unconsolidated ventures are reflected at 100% of the amount included in the ventures’ financial statements as calculated on a GAAP basis, not our proportionate share. The following table summarizes our consolidated and unconsolidated co-investment ventures at December 31, 2024 (in millions): 

    Operating Properties

    Square Feet

    Gross Book Value

    Investment in Land

    Development Portfolio – TEI

    Consolidated Co-Investment Venture

    U.S.:

    Prologis U.S. Logistics Venture (“USLV”)

    77

    $
    8,279

    $
    4

    $
    -

    Total

    77

    $
    8,279

    $
    4

    $
    -

    Unconsolidated Co-Investment Ventures

    U.S.:

    Prologis Targeted U.S. Logistics Fund (“USLF”)

    134

    $
    15,004

    $
    55

    $
    -

    Other Americas:

    FIBRA Prologis

    66

    5,170

    19

    -

    Prologis Brazil Logistics Venture ("PBLV") and other joint      ventures

    19

    820

    11

    182

    Subtotal Other Americas

    85

    5,990

    30

    182

    Europe:

    Prologis European Logistics Fund (“PELF”)

    169

    18,779

    7

    12

    Prologis European Logistics Partners (“PELP”)

    63

    7,217

    82

    88

    Subtotal Europe

    232

    25,996

    89

    100

    Asia:

    Nippon Prologis REIT (“NPR”)

    45

    6,215

    -

    -

    Prologis Japan Core Logistics Fund ("PJLF")

    3

    529

    -