EXHIBIT 21.1
 SUBSIDIARIES OF
PROLOGIS ET. AL.
 Jurisdiction ofName of Entity
    
    OrganizationEntities that engage in real estate operation and development:ProLogis Development Services Incorporated
    
    DelawareProLogis-DS Mexico Incorporated
    
    MarylandPLDS de Mexico S.A. de C.V.
    
    MexicoProLogis-Monterrey (1) LLC and ProLogis Monterrey (2) LLC and one foreign subsidiary
    
    DelawareProLogis-Juarez (1) LLC and one subsidiary
    
    DelawareProLogis-Reynosa (1) LLC and ProLogis-Reynosa (2) LLC and one foreign subsidiary
    
    DelawareProLogis- Reynosa (11) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (5) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (10) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (13) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (18) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (19) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (20) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (21) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (22) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (23) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (24) LLC and one subsidiary
    
    DelawareProLogis- Mexico City (25) LLC and one subsidiary
    
    DelawarePLD-Mexico Acquisition (1) and PLD-Mexico Acquisition (2) and one foreign subsidiary
    
    DelawareProLogis-Tijuana (8) LLC and one subsidiary
    
    DelawareProLogis-Reynosa (12) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (2) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (3) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (4) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (5) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (6) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (7) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (8) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (9) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (10) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (11) LLC and one subsidiary
    
    DelawarePLDMX Holding GDL (12) LLC and one subsidiary
    
    DelawarePLDMX Holding JUA (3) LLC and one subsidiary
    
    DelawarePLDMX Holding JUA (9) LLC and one subsidiary
    
    DelawarePLDMX Holding JUA (11) LLC and one subsidiary
    
    DelawarePLDMX Holding JUA (12) LLC and one subsidiary
    
    DelawarePLDMX Holding JUA (14) LLC and one subsidiary
    
    DelawarePLDMX Holding JUA (15) LLC and one subsidiary
    
    DelawareProLogis-Guadalajara (3) LLC and one subsidiary
    
    DelawarePLDMX Holding MAT (1) LLC and one subsidiary
    
    DelawarePLDMX Holding MON (3) LLC and one subsidiary
    
    DelawarePLDMX Holding MON (5) LLC and one subsidiary
    
    DelawarePLDMX Holding MON (6) LLC and one subsidiary
    
    DelawarePLDMX Holding MON (7) LLC and one subsidiary
    
    DelawarePLDMX Holding MON (8) LLC and one subsidiary
    
    DelawarePLDMX Holding MON (9) LLC and one subsidiary
    
    DelawarePLDMX Holding MON (10) LLC and one subsidiary
    
    DelawarePLDMX Holding REY (4) LLC and one subsidiary
    
    DelawarePLDMX Holding REY (6) LLC and one subsidiary
    
    DelawarePLDMX Holding REY (7) LLC and one subsidiary
    
    DelawarePLDMX Holding REY (8) LLC and one subsidiary
    
    DelawarePLDMX Holding REY (9) LLC and one subsidiary
    
    DelawarePLDMX Holding TOL (1) LLC and one subsidiary
    
    DelawarePLDMX Holding MXC (2) LLC and one subsidiary
    
    DelawarePLDMX Holding MXC (3) LLC and one subsidiary
    
    Delaware




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Jurisdiction ofName of Entity
    
    OrganizationPLDMX Holding MXC (4) LLC and one subsidiary
    
    DelawarePLDMX Holding MXC (5) LLC and one subsidiary
    
    DelawarePLDMX Holding TIJ (1) LLC and one subsidiary
    
    DelawarePLDMX Holding TIJ (17) LLC and one subsidiary
    
    MarylandProLogis Kansas City (1) Incorporated
    
    DelawareProLogis Mesquite LLC
    
    DelawareProLogis Houston Holdings Incorporated
    
    DelawareMeridian Realty Partners, LP
    
    DelawareMeridian-Penn, Incorporated
    
    CaliforniaExchange 2299 Busse Elk Grove Village IL LLC
    
    DelawareProLogis Exchange 4950 Joanne Kearney FL LLC
    
    DelawareProLogis Exchange 976 Associates Drive LLC
    
    DelawareProLogis Exchange 6413 Tri-County Parkway LLC
    
    DelawareProLogis Exchange 13649 Valley Blvd CA LLC
    
    DelawareProLogis Industrial Finance LLC
    
    DelawareProLogis O Hare LLC
    
    DelawareProLogis Land LLC
    
    DelawareProLogis Land II LLC
    
    DelawareProLogis Land III LLC
    
    DelawareProLogis Limited Partnership I
    
    DelawareProLogis Limited Partnership III
    
    DelawareProLogis Limited Partnership IV
    
    DelawareProLogis-IV, Inc.
    
    DelawareProLogis Mixed-Use Finance LLC
    
    DelawareProLogis MX Fund Services LLC
    
    DelawareProLogis-North Carolina (1) Incorporated
    
    MarylandProLogis-North Carolina (2) Incorporated
    
    MarylandProLogis-North Carolina (3) Incorporated
    
    DelawareProLogis-North Carolina Limited Partnership
    
    DelawareProLogis Fraser GP LLC
    
    DelawareProLogis Fraser L.P. and fourteen subsidiaries
    
    DelawareProLogis Racine LLC
    
    DelawareProLogis Riverbluff CA LLC
    
    DelawareProLogis-V H Monroe LLC
    
    DelawarePalmtree Acquisition Corporation and ninety-three subsidiaries
    
    DelawareProLogis Logistics Services Incorporated and three subsidiaries
    
    DelawareProLogis Teterboro LLC
    
    DelawareSR Acquisition Corporation
    
    DelawareTCL Holdings S.A. and four foreign subsidiaries
    
    LuxembourgCatellus China Commercial Development Incorporated and one foreign subsidiary
    
    DelawareCSI/Frigo LLC
    
    DelawareProLogis Industrial Holdings Limited and thirty-eight foreign subsidiaries
    
    United KingdomInternational Industrial Investments Incorporated
    
    MarylandPLD International Incorporated and one hundred and forty-one foreign subsidiaries
    
    DelawarePLD Finance Sarl and six foreign subsidiaries
    
    LuxembourgProLogis
Developments Holding Sarl and two hundred and two foreign subsidiaries
    
    LuxembourgProLogis Holding BV
    
    NetherlandsProLogis
France Developments Incorporated and seventy-three foreign subsidiaries
    
    DelawareProLogis European Developments BV and one hundred and forty-seven foreign subsidiaries
    
    NetherlandsProLogis European Developments Holding Sarl and eight foreign subsidiaries
    
    LuxembourgProLogis UAE Development Incorporated and three foreign subsidiaries
    
    DelawareProLogis UK Developments Sarl
    
    LuxembourgProLogis UK Holdings S.A. and one hundred and thirty-four foreign subsidiaries
    
    LuxembourgProLogis Russia Incorporated and four foreign subsidiaries
    
    DelawareProLogis
Realty IV BV and two subsidiary
    
    DelawareProLogis
Realty V BV and one  subsidiary
    
    DelawareProLogis Realty VI BV and two subsidiaries
    
    DelawareProLogis Realty VII BV and two subsidiaries
    
    DelawareProLogis
Realty IX BV and one subsidiary
    
    DelawareProLogis Canada Incorporated
    
    DelawareProLogis Canada (2) Incorporated
    
    DelawareProLogis Canada Development Incorporated and sixty-six foreign subsidiaries
    
    DelawareProLogis Japan Incorporated and one hundred and thirteen foreign subsidiaries
    
    DelawareProLogis Japan II Incorporated
    
    Delaware




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Jurisdiction ofName of Entity
    
    OrganizationProLogis Tokyo Finance LLC and ProLogis Tokyo Finance II LLC and three foreign subsidiaries
    
    DelawareJapan Investments (1) Incorporated
    
    DelawareJapan Investments (2) Incorporated
    
    DelawareJapan Investments (3) Incorporated
    
    DelawareJapan Investments (4) Incorporated
    
    DelawareProLogis Japan Holdings LLC
    
    DelawareProLogis Japan Finance Incorporated and one foreign subsidiary
    
    DelawareProLogis Korea Properties Trust and seventeen foreign subsidiaries
    
    DelawareProLogis
Korean Development LLC and twenty-five foreign subsidiaries
    
    DelawareKorea Investments (1) Incorporated
    
    DelawareKorea Investments (2) Incorporated
    
    DelawareProLogis Singapore Investments Incorporated and four foreign subsidiaries
    
    DelawareProLogis China Development Incorporated and two-hundred and twenty foreign subsidiaries
    
    DelawareProLogis
India Development Incorporated and two subsidiaries
    
    DelawareEntities that engage in providing management services:ProLogis Management Incorporated
    
    DelawareProLogis Colorado Management LLC
    
    ColoradoProLogis Capital Management Incorporated
    
    DelawareKeystone Realty Services Incorporated
    
    PennsylvaniaProLogis Management Services Incorporated
    
    DelawareProLogis NA2 Management LLC
    
    DelawareProLogis de Mexico S.A. de C.V.
    
    MexicoProLogis Canada Management Holding Incorporated and one foreign subsidiary
    
    DelawareProLogis Japan Management Incorporated and three foreign subsidiaries
    
    DelawareProLogis China Management Holding Sarl and one foreign subsidiary
    
    BarbadosLogistics Star Management Limited
    
    BarbadosProLogis Korean Management LLC
    
    KoreaProLogis Management Services Sarl and three foreign subsidiaries
    
    LuxembourgProLogis Services Sarl and one foreign subsidiary
    
    LuxembourgProLogis Directorship BV
    
    NetherlandsProLogis Directorship II BV
    
    NetherlandsProLogis Directorship Sarl
    
    LuxembourgProLogis B.V. and twenty-six foreign subsidiaries
    
    NetherlandsProLogis UK Financial Services Limited
    
    United KingdomOther entities:Solution Insurance Ltd.
    
    Bermuda