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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 Mexico Trust
    
    MarylandProLogis-Monterrey (1) LLC and ProLogis Monterrey (2) LLC and one foreign subsidiary
    
    DelawareProLogis-Juarez (1) LLC and one foreign subsidiary
    
    DelawareProLogis-Juarez (2) LLC and one foreign subsidiary
    
    DelawareProLogis-Juarez (3) LLC and one foreign subsidiary
    
    DelawareProLogis-Reynosa (1) LLC and ProLogis-Reynosa (2) LLC and one foreign subsidiary
    
    DelawareProLogis-Reynosa (6) LLC and one foreign subsidiary
    
    DelawareProLogis-Reynosa (7) LLC and one foreign subsidiary
    
    DelawareProLogis-Reynosa (9) LLC and one foreign subsidiary
    
    DelawareProLogis-Reynosa (11) LLC and one foreign subsidiary
    
    DelawareProLogis-Tijuana (7) LLC
    
    DelawareProLogis-Mexico City (24) LLC and one foreign subsidiary
    
    DelawareProLogis-Mexico City (25) LLC and one foreign subsidiary
    
    DelawareProLogis Kansas City (1) Incorporated
    
    DelawareProLogis Mesquite LLC
    
    DelawareProLogis Houston Holdings Incorporated
    
    DelawareMeridian Realty Partners, LP
    
    DelawareMeridian-Penn, Incorporated
    
    CaliforniaProLogis O Hare LLC
    
    DelawareProLogis Limited Partnership I
    
    DelawareProLogis Limited Partnership III
    
    DelawareProLogis Limited Partnership IV
    
    DelawareProLogis-IV, Inc.
    
    DelawareProLogis-North Carolina (1) Incorporated
    
    DelawareProLogis-North Carolina (2) Incorporated
    
    MarylandProLogis-North Carolina (3) Incorporated
    
    DelawareProLogis-North Carolina Limited Partnership
    
    DelawareProLogis Billabong Trust
    
    MarylandProLogis Billabong GP Trust
    
    DelawareProLogis Billabong I GP LLC
    
    DelawareProLogis Billabong II GP Trust
    
    MarylandProLogis Billabong II GP LLC
    
    DelawareProLogis Billabong III GP Trust
    
    MarylandProLogis Billabong III GP LLC
    
    DelawareProLogis NAPF I LLC
    
    DelawareProLogis Fraser GP LLC
    
    DelawareProLogis Fraser L.P. and fourteen subsidiaries
    
    DelawarePalmtree Acquisition Corporation and ninety subsidiaries
    
    DelawareProLogis Logistics Services Incorporated and three subsidiaries
    
    DelawareTCL Holdings S.A. and four foreign subsidiaries
    
    LuxembourgCSI/Frigo LLC
    
    DelawareInternational Industrial Investments Incorporated
    
    MarylandPLD International Incorporated and thirty-four foreign subsidiaries
    
    DelawarePLD Finance Sarl and five foreign subsidiaries
    
    LuxembourgProLogis Developments Holding Sarl and two hundred and twelve foreign subsidiaries
    
    LuxembourgProLogis France Developments Incorporated and seventy-one foreign subsidiaries
    
    DelawareProLogis UK Developments Sarl
    
    LuxembourgProLogis UK Holdings S.A. and one hundred and forty foreign subsidiaries
    
    LuxembourgProLogis Spain Developments BV and fourteen foreign subsidiaries
    
    NetherlandsProLogis Russia Incorporated and four foreign subsidiaries
    
    DelawareProLogis Canada Incorporated
    
    DelawareProLogis Canada Development Incorporated and twenty-two foreign subsidiaries
    
    Delaware




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Jurisdiction ofName of Entity
    
    OrganizationProLogis Japan Incorporated and sixty-nine foreign subsidiaries
    
    DelawareProLogis Japan II Incorporated
    
    DelawareProLogis Japan Investment (1) Incorporated
    
    DelawareProLogis Japan Investment (2) Incorporated
    
    DelawareProLogis Japan Investment (3) Incorporated
    
    DelawareProLogis Japan Investment (4) Incorporated
    
    DelawareProLogis Japan Holdings LLC
    
    DelawareProLogis Japan Finance Incorporated and one foreign subsidiary
    
    DelawareProLogis Korean Development Incorporated and eleven foreign subsidiaries
    
    DelawareKorea Investments (1) Incorporated
    
    DelawareKorea Investments (2) Incorporated
    
    DelawareProLogis Singapore Investments Incorporated and four foreign subsidiaries
    
    DelawareProLogis China Development Incorporated and ownership interests of 50% to 100% in one-hundred and nine foreign subsidiaries
    
    DelawareProLogis India Development Incorporated
    
    DelawareProLogis California I LLC (50% ownership)
    
    DelawareProLogis North American Properties Fund I LLC (41.3% ownership)
    
    DelawareProLogis-Macquarie Fund (11.3% ownership)
    
    DelawareAllagash Property Trust (20% ownership)
    
    MarylandBrazos Property Trust (20% ownership)
    
    MarylandCimmaron Property Trust (20% ownership)
    
    MarylandDeerfield Property Trust (20% ownership)
    
    MarylandElkhorn Property Trust (20% ownership)
    
    MarylandKPJV LLP (20% ownership)
    
    DelawareProLogis European Properties (24% ownership)
    
    LuxembourgPLD/RECO Japan TMK Property Trust (20% ownership)
    
    JapanProLogis North American Industrial Fund (20% ownership)
    
    DelawareProLogis Japan Property Trust (20% ownership)
    
    JapanNew Orleans International Hotel (approximately 16% ownership)
    
    LouisianaNew Orleans Rivercenter (approximately 39% ownership)
    
    LouisianaInternational Rivercenter (approximately 25% ownership)
    
    LouisianaParkway Company LLC (50% ownership)
    
    DelawareSerrano Associates LLC (50% ownership)
    
    DelawareSAMS Venture LLC (50% ownership)
    
    DelawareBergstrom Partners LP (50% ownership)
    
    DelawareTorrance Investment Company (approximately 67% ownership)
    
    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 de Mexico S.A. de C.V.
    
    MexicoProLogis Canada Management Holding Incorporated and one foreign subsidiary
    
    DelawareProLogis Japan Management Incorporated and two foreign subsidiaries
    
    DelawareProLogis China Management Holding Sarl and one foreign subsidiary
    
    BarbadosProLogis Korean Management LLC
    
    KoreaProLogis Services Sarl and one foreign subsidiary
    
    LuxembourgProLogis Management Sarl
    
    LuxembourgProLogis Management Limited
    
    United KingdomProLogis Directorship BV
    
    NetherlandsProLogis Directorship II BV
    
    NetherlandsProLogis Directorship Sarl
    
    LuxembourgProLogis B.V. and twenty foreign subsidiaries
    
    NetherlandsProLogis UK Financial Services Limited
    
    United KingdomProLogis India Management Incorporated
    
    DelawareProLogis Park Heathrow Management Company Limited
    
    United KingdomMacquarie-ProLogis Management LLC (50% ownership)
    
    DelawareOther entities:Solution Insurance Ltd.
    
    Bermuda