Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Feb. 20, 2015 | Jun. 30, 2014 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | PLD | ||
Entity Registrant Name | Prologis, Inc. | ||
Entity Central Index Key | 1045609 | ||
Current Fiscal Year End Date | -19 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 512,138,000 | ||
Entity Public Float | $20,348,477,088 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Investments in real estate properties | $22,190,145 | $20,824,477 |
Less accumulated depreciation | 2,790,781 | 2,568,998 |
Net investments in real estate properties | 19,399,364 | 18,255,479 |
Investments in and advances to unconsolidated entities | 4,824,724 | 4,430,239 |
Assets held for sale | 43,934 | 4,042 |
Notes receivable backed by real estate | 188,000 | |
Net investments in real estate | 24,268,022 | 22,877,760 |
Cash and cash equivalents | 350,692 | 491,129 |
Accounts receivable | 103,445 | 107,955 |
Other assets | 1,096,064 | 1,095,463 |
Total assets | 25,818,223 | 24,572,307 |
Liabilities: | ||
Debt | 9,380,199 | 9,011,216 |
Accounts payable and accrued expenses | 627,999 | 563,993 |
Other liabilities | 626,426 | 820,645 |
Total liabilities | 10,634,624 | 10,395,854 |
Prologis, Inc. stockholders' equity: | ||
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 100,000 shares authorized; 1,565 shares and 2,000 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively | 78,235 | 100,000 |
Common stock; $0.01 par value; 509,498 shares and 498,799 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively | 5,095 | 4,988 |
Additional paid-in capital | 18,467,009 | 17,974,509 |
Accumulated other comprehensive loss | -600,337 | -435,675 |
Distributions in excess of net earnings | -3,974,493 | -3,932,664 |
Total Prologis, Inc. stockholders' equity | 13,975,509 | 13,711,158 |
Partners' capital: | ||
Noncontrolling interests | 1,208,090 | 465,295 |
Total equity | 15,183,599 | 14,176,453 |
Total liabilities and equity | 25,818,223 | 24,572,307 |
Prologis, L.P. [Member] | ||
ASSETS | ||
Investments in real estate properties | 22,190,145 | 20,824,477 |
Less accumulated depreciation | 2,790,781 | 2,568,998 |
Net investments in real estate properties | 19,399,364 | 18,255,479 |
Investments in and advances to unconsolidated entities | 4,824,724 | 4,430,239 |
Assets held for sale | 43,934 | 4,042 |
Notes receivable backed by real estate | 188,000 | |
Net investments in real estate | 24,268,022 | 22,877,760 |
Cash and cash equivalents | 350,692 | 491,129 |
Accounts receivable | 103,445 | 107,955 |
Other assets | 1,096,064 | 1,095,463 |
Total assets | 25,818,223 | 24,572,307 |
Liabilities: | ||
Debt | 9,380,199 | 9,011,216 |
Accounts payable and accrued expenses | 627,999 | 563,993 |
Other liabilities | 626,426 | 820,645 |
Total liabilities | 10,634,624 | 10,395,854 |
Partners' capital: | ||
Limited partners | 48,189 | 48,209 |
Total partners' capital | 14,023,698 | 13,759,367 |
Noncontrolling interests | 1,159,901 | 417,086 |
Total capital | 15,183,599 | 14,176,453 |
Total liabilities and equity | 25,818,223 | 24,572,307 |
Prologis, L.P. [Member] | Preferred [Member] | ||
Partners' capital: | ||
General partner | 78,235 | 100,000 |
Prologis, L.P. [Member] | Common [Member] | ||
Partners' capital: | ||
General partner | $13,897,274 | $13,611,158 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Per Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ||
Preferred stock, liquidation preference per share | $50 | $50 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 100,000 | 100,000 |
Preferred stock, shares issued | 1,565 | 2,000 |
Preferred stock, shares outstanding | 1,565 | 2,000 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares issued | 509,498 | 498,799 |
Common stock, shares outstanding | 509,498 | 498,799 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Revenues: | |||
Rental income | $1,178,609 | $1,227,975 | $1,459,461 |
Rental recoveries | 348,740 | 331,518 | 364,320 |
Strategic capital income | 219,871 | 179,472 | 126,779 |
Development management and other income | 13,567 | 11,521 | 9,958 |
Total revenues | 1,760,787 | 1,750,486 | 1,960,518 |
Expenses: | |||
Rental expenses | 430,787 | 451,938 | 491,239 |
Strategic capital expenses | 96,496 | 89,279 | 63,820 |
General and administrative expenses | 247,768 | 229,207 | 228,068 |
Depreciation and amortization | 642,461 | 648,668 | 724,262 |
Other expenses | 23,467 | 26,982 | 26,556 |
Merger, acquisition and other integration expenses | 80,676 | ||
Impairment of real estate properties | 252,914 | ||
Total expenses | 1,440,979 | 1,446,074 | 1,867,535 |
Operating income | 319,808 | 304,412 | 92,983 |
Other income (expense): | |||
Earnings from unconsolidated entities, net | 134,288 | 97,220 | 31,676 |
Interest expense | -308,885 | -379,327 | -505,215 |
Interest and other income, net | 25,768 | 26,948 | 22,878 |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 725,790 | 597,656 | 305,607 |
Foreign currency and derivative losses and related amortization, net | -17,841 | -33,633 | -20,497 |
Losses on early extinguishment of debt, net | -165,300 | -277,014 | -14,114 |
Impairment of other assets | -16,135 | ||
Total other income (expense) | 393,820 | 31,850 | -195,800 |
Earnings (loss) before income taxes | 713,628 | 336,262 | -102,817 |
Current income tax expense | -61,584 | -126,180 | -17,870 |
Deferred income tax benefit | 87,240 | 19,447 | 14,290 |
Total income tax benefit (expense) | 25,656 | -106,733 | -3,580 |
Earnings (loss) from continuing operations | 739,284 | 229,529 | -106,397 |
Discontinued operations: | |||
Income attributable to disposed properties and assets held for sale | 6,970 | 40,827 | |
Net gains on dispositions, including related impairment charges and taxes | 116,550 | 35,098 | |
Total discontinued operations | 123,520 | 75,925 | |
Consolidated net earnings (loss) | 739,284 | 353,049 | -30,472 |
Net earnings attributable to noncontrolling interests | -103,101 | -10,128 | -9,248 |
Net earnings (loss) attributable to controlling interests | 636,183 | 342,921 | -39,720 |
Less preferred stock dividends | 7,431 | 18,391 | 41,226 |
Loss on preferred stock redemption / repurchase | 6,517 | 9,108 | |
Net earnings (loss) attributable to common stockholders | 622,235 | 315,422 | -80,946 |
Weighted average common shares outstanding - Basic | 499,583 | 486,076 | 459,895 |
Weighted average common shares outstanding - Diluted | 506,391 | 491,546 | 461,848 |
Net earnings (loss) per share attributable to common stockholders - Basic: | |||
Continuing operations | $1.25 | $0.40 | ($0.35) |
Discontinued operations | $0.25 | $0.17 | |
Net earnings (loss) per share attributable to common stockholders - Basic | $1.25 | $0.65 | ($0.18) |
Net earnings (loss) per share attributable to common stockholders - Diluted: | |||
Continuing operations | $1.24 | $0.39 | ($0.34) |
Discontinued operations | $0.25 | $0.16 | |
Net earnings (loss) per share attributable to common stockholders - Diluted | $1.24 | $0.64 | ($0.18) |
Dividends per common share | $1.32 | $1.12 | $1.12 |
Prologis, L.P. [Member] | |||
Revenues: | |||
Rental income | 1,178,609 | 1,227,975 | 1,459,461 |
Rental recoveries | 348,740 | 331,518 | 364,320 |
Strategic capital income | 219,871 | 179,472 | 126,779 |
Development management and other income | 13,567 | 11,521 | 9,958 |
Total revenues | 1,760,787 | 1,750,486 | 1,960,518 |
Expenses: | |||
Rental expenses | 430,787 | 451,938 | 491,239 |
Strategic capital expenses | 96,496 | 89,279 | 63,820 |
General and administrative expenses | 247,768 | 229,207 | 228,068 |
Depreciation and amortization | 642,461 | 648,668 | 724,262 |
Other expenses | 23,467 | 26,982 | 26,556 |
Merger, acquisition and other integration expenses | 80,676 | ||
Impairment of real estate properties | 252,914 | ||
Total expenses | 1,440,979 | 1,446,074 | 1,867,535 |
Operating income | 319,808 | 304,412 | 92,983 |
Other income (expense): | |||
Earnings from unconsolidated entities, net | 134,288 | 97,220 | 31,676 |
Interest expense | -308,885 | -379,327 | -505,215 |
Interest and other income, net | 25,768 | 26,948 | 22,878 |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 725,790 | 597,656 | 305,607 |
Foreign currency and derivative losses and related amortization, net | -17,841 | -33,633 | -20,497 |
Losses on early extinguishment of debt, net | -165,300 | -277,014 | -14,114 |
Impairment of other assets | -16,135 | ||
Total other income (expense) | 393,820 | 31,850 | -195,800 |
Earnings (loss) before income taxes | 713,628 | 336,262 | -102,817 |
Current income tax expense | -61,584 | -126,180 | -17,870 |
Deferred income tax benefit | 87,240 | 19,447 | 14,290 |
Total income tax benefit (expense) | 25,656 | -106,733 | -3,580 |
Earnings (loss) from continuing operations | 739,284 | 229,529 | -106,397 |
Discontinued operations: | |||
Income attributable to disposed properties and assets held for sale | 6,970 | 40,827 | |
Net gains on dispositions, including related impairment charges and taxes | 116,550 | 35,098 | |
Total discontinued operations | 123,520 | 75,925 | |
Consolidated net earnings (loss) | 739,284 | 353,049 | -30,472 |
Net earnings attributable to noncontrolling interests | -100,900 | -8,920 | -9,410 |
Net earnings (loss) attributable to controlling interests | 638,384 | 344,129 | -39,882 |
Less preferred stock dividends | 7,431 | 18,391 | 41,226 |
Loss on preferred stock redemption / repurchase | 6,517 | 9,108 | |
Net earnings (loss) attributable to common stockholders | $624,436 | $316,630 | ($81,108) |
Weighted average common shares outstanding - Basic | 501,349 | 487,936 | 461,848 |
Weighted average common shares outstanding - Diluted | 506,391 | 491,546 | 461,848 |
Net earnings (loss) per share attributable to common stockholders - Basic: | |||
Continuing operations | $1.25 | $0.40 | ($0.34) |
Discontinued operations | $0.25 | $0.16 | |
Net earnings (loss) per share attributable to common stockholders - Basic | $1.25 | $0.65 | ($0.18) |
Net earnings (loss) per share attributable to common stockholders - Diluted: | |||
Continuing operations | $1.24 | $0.39 | ($0.34) |
Discontinued operations | $0.25 | $0.16 | |
Net earnings (loss) per share attributable to common stockholders - Diluted | $1.24 | $0.64 | ($0.18) |
Dividends per common share | $1.32 | $1.12 | $1.12 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Consolidated net earnings (loss) | $739,284 | $353,049 | ($30,472) |
Other comprehensive income (loss): | |||
Foreign currency translation losses, net | -171,401 | -234,680 | -79,014 |
Unrealized gains (losses) and amortization on derivative contracts, net | -6,498 | 19,590 | 17,986 |
Comprehensive income (loss) | 561,385 | 137,959 | -91,500 |
Net earnings attributable to noncontrolling interests | -103,101 | -10,128 | -9,248 |
Other comprehensive loss attributable to noncontrolling interest | 13,237 | 12,978 | 9,786 |
Comprehensive income (loss) attributable to common stockholders/unitholders | 471,521 | 140,809 | -90,962 |
Prologis, L.P. [Member] | |||
Consolidated net earnings (loss) | 739,284 | 353,049 | -30,472 |
Other comprehensive income (loss): | |||
Foreign currency translation losses, net | -171,401 | -234,680 | -79,014 |
Unrealized gains (losses) and amortization on derivative contracts, net | -6,498 | 19,590 | 17,986 |
Comprehensive income (loss) | 561,385 | 137,959 | -91,500 |
Net earnings attributable to noncontrolling interests | -100,900 | -8,920 | -9,410 |
Other comprehensive loss attributable to noncontrolling interest | 12,666 | 12,261 | 9,573 |
Comprehensive income (loss) attributable to common stockholders/unitholders | $473,151 | $141,300 | ($91,337) |
Consolidated_Statement_of_Equi
Consolidated Statement of Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Distributions in Excess of Net Earnings [Member] | Non-controlling Interests [Member] |
In Thousands, except Share data | |||||||
Balance at Dec. 31, 2011 | $14,455,474 | $582,200 | $4,594 | $16,349,328 | ($182,321) | ($3,092,162) | $793,835 |
Balance, Shares at Dec. 31, 2011 | 459,401,000 | ||||||
Consolidated net earnings (loss) | -30,472 | -39,720 | 9,248 | ||||
Adjustment to the Merger purchase price allocation | 10,163 | 10,163 | |||||
Effect of equity compensation plans | 72,932 | 23 | 72,909 | ||||
Effect of equity compensation plans, Shares | 2,258,000 | ||||||
Noncontrolling interests, issuances (conversions), net | 1 | 2,380 | -2,381 | ||||
Noncontrolling interests, issuances (conversions), net, Shares | 111,000 | ||||||
Capital contributions, net | 74,447 | 74,447 | |||||
Purchase of noncontrolling interests | -142,064 | -13,998 | -128,066 | ||||
Foreign currency translation losses, net | -79,014 | -69,155 | -9,859 | ||||
Unrealized gains (losses) and amortization on derivative contracts, net | 17,986 | 17,913 | 73 | ||||
Distributions and allocations | -606,116 | 1,236 | -564,211 | -43,141 | |||
Balance at Dec. 31, 2012 | 13,773,336 | 582,200 | 4,618 | 16,411,855 | -233,563 | -3,696,093 | 704,319 |
Balance, Shares at Dec. 31, 2012 | 461,770,000 | ||||||
Consolidated net earnings (loss) | 353,049 | 342,921 | 10,128 | ||||
Effect of equity compensation plans | 93,705 | 13 | 93,692 | ||||
Effect of equity compensation plans, Shares | 1,351,000 | ||||||
Issuance of stock in equity offering, net of issuance costs | 1,437,697 | 357 | 1,437,340 | ||||
Issuance of stock in equity offering, net of issuance costs, shares | 35,650,000 | ||||||
Redemption of preferred stock | -482,715 | -482,200 | 8,593 | -9,108 | |||
Issuance of warrant | 32,359 | 32,359 | |||||
Capital contributions, net | 146,130 | 146,130 | |||||
Settlement of noncontrolling interests | -255,551 | 28 | -7,868 | -247,683 | |||
Foreign currency translation losses, net | -234,680 | -221,633 | -13,047 | ||||
Unrealized gains (losses) and amortization on derivative contracts, net | 19,590 | 19,521 | 69 | ||||
Distributions and allocations | -706,467 | -1,462 | -570,384 | -134,621 | |||
Balance at Dec. 31, 2013 | 14,176,453 | 100,000 | 4,988 | 17,974,509 | -435,675 | -3,932,664 | 465,295 |
Balance, Shares at Dec. 31, 2013 | 498,799,000 | 498,799,000 | |||||
Consolidated net earnings (loss) | 739,284 | 636,183 | 103,101 | ||||
Effect of equity compensation plans | 88,888 | 14 | 88,424 | 450 | |||
Effect of equity compensation plans, Shares | 1,383,000 | ||||||
Issuance of stock in equity offering, net of issuance costs | 140,135 | 33 | 140,102 | ||||
Issuance of stock in equity offering, net of issuance costs, shares | 3,316,000 | ||||||
Redemption of preferred stock | -27,643 | -21,765 | 639 | -6,517 | |||
Issuance of stock from exercise of warrant | 213,840 | 60 | 213,780 | ||||
Issuance of stock from exercise of warrants, shares | 6,000,000 | ||||||
Formation of Prologis U.S. Logistics Venture | 455,972 | 13,721 | 442,251 | ||||
Consolidation of Prologis North American Industrial Fund | 567,000 | 12,507 | 554,493 | ||||
Capital contributions, net | 14,464 | 14,464 | |||||
Settlement of noncontrolling interests | -2,440 | 33,803 | -36,243 | ||||
Foreign currency translation losses, net | -181,164 | -167,950 | -13,214 | ||||
Unrealized gains (losses) and amortization on derivative contracts, net | -9,242 | -9,219 | -23 | ||||
Distributions and allocations | -991,948 | 2,031 | -671,495 | -322,484 | |||
Balance at Dec. 31, 2014 | $15,183,599 | $78,235 | $5,095 | $18,467,009 | ($600,337) | ($3,974,493) | $1,208,090 |
Balance, Shares at Dec. 31, 2014 | 509,498,000 | 509,498,000 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Operating activities: | |||
Consolidated net earnings (loss) | $739,284 | $353,049 | ($30,472) |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: | |||
Straight-lined rents | -42,829 | -46,861 | -62,290 |
Equity-based compensation awards | 57,478 | 49,239 | 32,138 |
Depreciation and amortization | 642,461 | 664,007 | 767,459 |
Earnings from unconsolidated entities, net | -134,288 | -97,220 | -31,676 |
Distributions and net changes in operating receivables from unconsolidated entities | 110,435 | 75,859 | 6,581 |
Amortization of debt and lease intangibles | 21,113 | 10,140 | 21,008 |
Non-cash Merger, acquisition and other integration expenses | 17,581 | ||
Impairment of real estate properties and other assets | 269,049 | ||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | -725,790 | -715,758 | -348,615 |
Losses on early extinguishment of debt, net | 165,300 | 277,014 | 14,114 |
Unrealized foreign currency and derivative losses (gains) and related amortization, net | 22,571 | 28,619 | 14,892 |
Deferred income tax benefit | -87,240 | -20,067 | -21,967 |
Increase in accounts receivable and other assets | -93 | -12,912 | -178,387 |
Decrease in accounts payable and accrued expenses and other liabilities | -63,871 | -80,120 | -5,923 |
Net cash provided by operating activities | 704,531 | 484,989 | 463,492 |
Investing activities: | |||
Real estate development activity | -1,051,181 | -845,234 | -793,349 |
Real estate acquisitions | -612,330 | -514,611 | -254,414 |
Tenant improvements and lease commissions on previously leased space | -133,957 | -145,424 | -133,558 |
Non-development capital expenditures | -78,610 | -82,610 | -80,612 |
Investments in and advances to unconsolidated entities | -739,635 | -1,221,155 | -165,011 |
Return of investment from unconsolidated entities | 244,306 | 411,853 | 291,679 |
Proceeds from dispositions and contributions of real estate properties | 2,285,488 | 5,409,745 | 1,975,036 |
Acquisition of unconsolidated co-investment ventures, net of cash received | -590,390 | -678,642 | -365,156 |
Proceeds from repayment of notes receivable backed by real estate | 188,000 | 55,000 | |
Net cash provided by (used in) investing activities | -488,309 | 2,333,922 | 529,615 |
Financing activities: | |||
Proceeds from issuance of common stock | 378,247 | 1,505,791 | 30,981 |
Distributions paid on common and preferred units | -672,190 | -573,854 | -567,834 |
Redemption of preferred stock | -27,643 | -482,500 | |
Noncontrolling interest contributions | 468,280 | 145,522 | 70,820 |
Noncontrolling interest distributions | -315,426 | -115,999 | -44,070 |
Purchase of noncontrolling interest | -2,440 | -250,740 | -142,064 |
Debt and capital issuance costs paid | -23,420 | -77,017 | -10,963 |
Net proceeds from (payments on) credit facilities | -717,369 | -93,075 | 9,064 |
Repurchase and payment of debt | -4,205,806 | -6,012,433 | -1,850,699 |
Proceeds from the issuance of debt | 4,779,950 | 3,588,683 | 1,433,254 |
Net cash used in financing activities | -337,817 | -2,365,622 | -1,071,511 |
Effect of foreign currency exchange rate changes on cash | -18,842 | -62,970 | 3,142 |
Net increase (decrease) in cash and cash equivalents | -140,437 | 390,319 | -75,262 |
Cash and cash equivalents, beginning of year | 491,129 | 100,810 | 176,072 |
Cash and cash equivalents, end of year | 350,692 | 491,129 | 100,810 |
Prologis, L.P. [Member] | |||
Operating activities: | |||
Consolidated net earnings (loss) | 739,284 | 353,049 | -30,472 |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: | |||
Straight-lined rents | -42,829 | -46,861 | -62,290 |
Equity-based compensation awards | 57,478 | 49,239 | 32,138 |
Depreciation and amortization | 642,461 | 664,007 | 767,459 |
Earnings from unconsolidated entities, net | -134,288 | -97,220 | -31,676 |
Distributions and net changes in operating receivables from unconsolidated entities | 110,435 | 75,859 | 6,581 |
Amortization of debt and lease intangibles | 21,113 | 10,140 | 21,008 |
Non-cash Merger, acquisition and other integration expenses | 17,581 | ||
Impairment of real estate properties and other assets | 269,049 | ||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | -725,790 | -715,758 | -348,615 |
Losses on early extinguishment of debt, net | 165,300 | 277,014 | 14,114 |
Unrealized foreign currency and derivative losses (gains) and related amortization, net | 22,571 | 28,619 | 14,892 |
Deferred income tax benefit | -87,240 | -20,067 | -21,967 |
Increase in accounts receivable and other assets | -93 | -12,912 | -178,387 |
Decrease in accounts payable and accrued expenses and other liabilities | -63,871 | -80,120 | -5,923 |
Net cash provided by operating activities | 704,531 | 484,989 | 463,492 |
Investing activities: | |||
Real estate development activity | -1,051,181 | -845,234 | -793,349 |
Real estate acquisitions | -612,330 | -514,611 | -254,414 |
Tenant improvements and lease commissions on previously leased space | -133,957 | -145,424 | -133,558 |
Non-development capital expenditures | -78,610 | -82,610 | -80,612 |
Investments in and advances to unconsolidated entities | -739,635 | -1,221,155 | -165,011 |
Return of investment from unconsolidated entities | 244,306 | 411,853 | 291,679 |
Proceeds from dispositions and contributions of real estate properties | 2,285,488 | 5,409,745 | 1,975,036 |
Acquisition of unconsolidated co-investment ventures, net of cash received | -590,390 | -678,642 | -365,156 |
Proceeds from repayment of notes receivable backed by real estate | 188,000 | 55,000 | |
Net cash provided by (used in) investing activities | -488,309 | 2,333,922 | 529,615 |
Financing activities: | |||
Proceeds from issuance of common stock | 378,247 | 1,505,791 | 30,981 |
Distributions paid on common and preferred units | -674,344 | -580,862 | -575,807 |
Redemption of preferred stock | -27,643 | -482,500 | |
Noncontrolling interest contributions | 468,280 | 145,522 | 70,820 |
Noncontrolling interest distributions | -313,272 | -113,928 | -41,905 |
Purchase of noncontrolling interest | -2,440 | -245,803 | -136,256 |
Debt and capital issuance costs paid | -23,420 | -77,017 | -10,963 |
Net proceeds from (payments on) credit facilities | -717,369 | -93,075 | 9,064 |
Repurchase and payment of debt | -4,205,806 | -6,012,433 | -1,850,699 |
Proceeds from the issuance of debt | 4,779,950 | 3,588,683 | 1,433,254 |
Net cash used in financing activities | -337,817 | -2,365,622 | -1,071,511 |
Effect of foreign currency exchange rate changes on cash | -18,842 | -62,970 | 3,142 |
Net increase (decrease) in cash and cash equivalents | -140,437 | 390,319 | -75,262 |
Cash and cash equivalents, beginning of year | 491,129 | 100,810 | 176,072 |
Cash and cash equivalents, end of year | $350,692 | $491,129 | $100,810 |
Consolidated_Statement_of_Capi
Consolidated Statement of Capital (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Consolidated net earnings (loss) | $739,284 | $353,049 | ($30,472) |
Adjustment to the Merger purchase price allocation | 10,163 | ||
Effect of equity compensation plans | 88,888 | 93,705 | 72,932 |
Redemption of preferred units | -27,643 | -482,715 | |
Issuance of warrant by Prologis, Inc. | 32,359 | ||
Consolidation of Prologis North American Industrial Fund | 567,000 | ||
Capital contributions, net | 14,464 | 146,130 | 74,447 |
Purchase of noncontrolling interests | -142,064 | ||
Unrealized gains and amortization on derivative contracts, net | -9,242 | 19,590 | 17,986 |
Non-controlling Interests [Member] | |||
Consolidated net earnings (loss) | 103,101 | 10,128 | 9,248 |
Adjustment to the Merger purchase price allocation | 10,163 | ||
Effect of equity compensation plans | 450 | ||
Noncontrolling interests, issuances (conversions), net | -2,381 | ||
Consolidation of Prologis North American Industrial Fund | 554,493 | ||
Capital contributions, net | 14,464 | 146,130 | 74,447 |
Purchase of noncontrolling interests | -128,066 | ||
Unrealized gains and amortization on derivative contracts, net | -23 | 69 | 73 |
Prologis, L.P. [Member] | |||
Beginning balance | 14,176,453 | 13,773,336 | 14,455,474 |
Consolidated net earnings (loss) | 739,284 | 353,049 | -30,472 |
Adjustment to the Merger purchase price allocation | 10,163 | ||
Effect of equity compensation plans | 88,888 | 93,705 | 72,932 |
Issuance of units in exchange for contribution of equity offering proceeds | 140,135 | 1,437,697 | |
Redemption of preferred units | -27,643 | -482,715 | |
Issuance of units in exchange for proceeds from exercise of warrant | 213,840 | ||
Issuance of warrant by Prologis, Inc. | 32,359 | ||
Formation of Prologis U.S. Logistics Venture | 455,972 | ||
Consolidation of Prologis North American Industrial Fund | 567,000 | ||
Capital contributions, net | 14,464 | 146,130 | 74,447 |
Purchase of noncontrolling interests | -2,440 | -250,613 | -136,256 |
Foreign currency translation losses, net | -181,164 | -234,680 | -79,014 |
Unrealized gains and amortization on derivative contracts, net | -9,242 | 19,590 | 17,986 |
Distributions and allocations | -991,948 | -711,405 | -611,924 |
Ending balance | 15,183,599 | 14,176,453 | 13,773,336 |
Prologis, L.P. [Member] | Non-controlling Interests [Member] | |||
Beginning balance | 417,086 | 653,125 | 735,222 |
Consolidated net earnings (loss) | 100,900 | 8,920 | 9,410 |
Adjustment to the Merger purchase price allocation | 10,163 | ||
Noncontrolling interests, issuances (conversions), net | -2,381 | ||
Formation of Prologis U.S. Logistics Venture | 442,251 | ||
Consolidation of Prologis North American Industrial Fund | 554,493 | ||
Capital contributions, net | 14,464 | 146,130 | 74,447 |
Purchase of noncontrolling interests | -36,243 | -242,745 | -122,258 |
Foreign currency translation losses, net | -12,666 | -12,261 | -9,573 |
Distributions and allocations | -320,384 | -136,083 | -41,905 |
Ending balance | 1,159,901 | 417,086 | 653,125 |
Preferred [Member] | Prologis, L.P. [Member] | General Partner [Member] | |||
Beginning balance | 100,000 | 582,200 | 582,200 |
Beginning balance, Units | 2,000,000 | 21,300,000 | 21,300,000 |
Redemption of preferred units | -21,765 | -482,200 | |
Redemption of preferred units, units | -435,000 | -19,300,000 | |
Ending balance | 78,235 | 100,000 | 582,200 |
Ending balance, Units | 1,565,000 | 2,000,000 | 21,300,000 |
Common [Member] | Prologis, L.P. [Member] | General Partner [Member] | |||
Beginning balance | 13,611,158 | 12,486,817 | 13,079,439 |
Beginning balance, Units | 498,799,000 | 461,770,000 | 459,401,000 |
Consolidated net earnings (loss) | 636,183 | 342,921 | -39,720 |
Effect of equity compensation plans | 88,438 | 93,705 | 72,932 |
Effect of equity compensation plans, units | 1,383,000 | 1,351,000 | 2,258,000 |
Issuance of units in exchange for contribution of equity offering proceeds | 140,135 | 1,437,697 | |
Noncontrolling interests, issuances (conversions), net | 2,381 | ||
Issuance of units in exchange for contribution of equity offering proceeds, units | 3,316,000 | 35,650,000 | |
Redemption of preferred units | -5,878 | -515 | |
Issuance of units in exchange for proceeds from exercise of warrant | 213,840 | ||
Issuance of warrant by Prologis, Inc. | 32,359 | ||
Issuance of units in exchange for proceeds from exercise of warrant, units | 6,000,000 | ||
Formation of Prologis U.S. Logistics Venture | 13,721 | ||
Consolidation of Prologis North American Industrial Fund | 12,507 | ||
Purchase of noncontrolling interests | 33,803 | -7,868 | -13,998 |
Noncontrolling interests, issuances (conversions), net, Units | 28,000 | 111,000 | |
Foreign currency translation losses, net | -167,950 | -221,633 | -69,155 |
Unrealized gains and amortization on derivative contracts, net | -9,219 | 19,521 | 17,913 |
Distributions and allocations | -669,464 | -571,846 | -562,975 |
Ending balance | 13,897,274 | 13,611,158 | 12,486,817 |
Ending balance, Units | 509,498,000 | 498,799,000 | 461,770,000 |
Common [Member] | Prologis, L.P. [Member] | Limited Partners [Member] | |||
Beginning balance | 48,209 | 51,194 | 58,613 |
Beginning balance, Units | 1,767,000 | 1,893,000 | 2,059,000 |
Consolidated net earnings (loss) | 2,201 | 1,208 | -162 |
Effect of equity compensation plans | 450 | ||
Foreign currency translation losses, net | -548 | -786 | -286 |
Unrealized gains and amortization on derivative contracts, net | -23 | 69 | 73 |
Distributions and allocations | -2,100 | -3,476 | -7,044 |
Distributions and allocations, Units | -126,000 | -166,000 | |
Ending balance | $48,189 | $48,209 | $51,194 |
Ending balance, Units | 1,767,000 | 1,767,000 | 1,893,000 |
Description_of_Business
Description of Business | 12 Months Ended | |
Dec. 31, 2014 | ||
Accounting Policies [Abstract] | ||
Description of Business | 1 | Description of Business |
Prologis, Inc. (or the “Parent”) commenced operations as a fully integrated real estate company in 1997, elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), and believes the current organization and method of operation will enable it to maintain its status as a REIT. The Parent is the general partner of Prologis, L.P. (or the “Operating Partnership”). Through the Operating Partnership, we are engaged in the ownership, acquisition, development and operation of industrial properties in global and regional markets throughout the Americas, Europe and Asia. Our current business strategy is comprised of two operating business segments: Real Estate Operations and Strategic Capital. Our Real Estate Operations segment represents the ownership of industrial properties. Our Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities. See Note 20 for further discussion of our business segments. Unless otherwise indicated, the notes to the Consolidated Financial Statements apply to both the Parent and the Operating Partnership. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and Operating Partnership collectively. | ||
For each share of common stock or preferred stock the Parent issues, the Operating Partnership issues a corresponding common or preferred partnership unit, as applicable, to the Parent in exchange for the contribution of the proceeds from the stock issuance. At December 31, 2014, the Parent owned an approximate 99.65% common general partnership interest in the Operating Partnership, and 100% of the preferred units in the Operating Partnership. The remaining approximate 0.35% common limited partnership interests are owned by non-affiliated investors and certain current and former directors and officers of the Parent. As the sole general partner of the Operating Partnership, the Parent has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. | ||
We operate the Parent and the Operating Partnership as one enterprise. The management of the Parent consists of the same members as the management of the Operating Partnership. These members are officers of the Parent and employees of the Operating Partnership or one of its subsidiaries. As general partner with control of the Operating Partnership, the Parent consolidates the Operating Partnership. Since the Parent’s only significant asset is its investment in the Operating Partnership, the assets and liabilities of the Parent and the Operating Partnership are the same on their respective financial statements. | ||
Information with respect to the square footage, number of buildings and acres of land is unaudited. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Accounting Policies [Abstract] | ||||
Summary of Significant Accounting Policies | 2 | Summary of Significant Accounting Policies | ||
Basis of Presentation and Consolidation. The accompanying Consolidated Financial Statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”) and are presented in our reporting currency, the U.S. dollar. All material intercompany transactions with consolidated entities have been eliminated. | ||||
We consolidate all entities that are wholly-owned and those in which we own less than 100% of the equity but control, as well as any variable interest entities in which we are the primary beneficiary. We evaluate our ability to control an entity and whether the entity is a variable interest entity and we are the primary beneficiary through consideration of substantive terms of the arrangement to identify which enterprise has the power to direct the activities of the entity that most significantly impacts the entity’s economic performance and the obligation to absorb losses of the entity or the right to receive benefits from the entity. | ||||
For entities that are not defined as variable interest entities, we first consider whether we are the general partner or the limited partner (or the equivalent in such investments which are not structured as partnerships). We consolidate entities in which we are the general partner and the limited partners in such entities do not have rights which would preclude control. For entities in which we are the general partner but do not control the entity as the other partners hold substantive participating and/or kick-out rights we apply the equity method of accounting since as the general partner we have the ability to influence the venture. For ventures for which we are a limited partner or our investment is in an entity that is not structured similar to a partnership, we consider factors such as ownership interest, voting control, authority to make decisions, and contractual and substantive participating rights of the partners. In instances where the factors indicate that we control the venture, we consolidate the entity. | ||||
Reclassifications. Certain amounts included in the Consolidated Financial Statements for 2013 and 2012 have been reclassified to conform to the 2014 financial statement presentation. We reclassified the balances in the Consolidated Balance Sheet at December 31, 2013, for derivative assets from Accounts Receivable to Other Assets and for derivative liabilities from Accounts Payable and Accrued Expenses to Other Liabilities. See Note 7 for the detail of these amounts. | ||||
Use of Estimates. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the reporting period. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout the Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. | ||||
Foreign Operations. The U.S. dollar is the functional currency for our consolidated subsidiaries and unconsolidated entities operating in the United States and Mexico and certain of our consolidated subsidiaries that operate as holding companies for foreign investments. The functional currency for our consolidated subsidiaries and unconsolidated entities operating in countries other than the United States and Mexico is the principal currency in which the entity’s assets, liabilities, income and expenses are denominated, which may be different from the local currency of the country of incorporation or where the entity conducts its operations. | ||||
The functional currencies of our consolidated subsidiaries and unconsolidated entities generally include the Brazilian real, British pound sterling, Canadian dollar, Chinese renminbi, euro, Japanese yen, and Singapore dollar. We are parties to business transactions denominated in these and other local currencies where we operate. | ||||
For our consolidated subsidiaries whose functional currency is not the U.S. dollar, we translate their financial statements into the U.S. dollar at the time we consolidate those subsidiaries’ financial statements. Generally, assets and liabilities are translated at the exchange rate in effect at the balance sheet date. The resulting translation adjustments are included in Accumulated Other Comprehensive Loss (“AOCI”) in the Consolidated Balance Sheets. Certain balance sheet items, primarily equity and capital-related accounts, are reflected at the historical exchange rate. Income statement accounts are translated using the average exchange rate for the period and income statement accounts that represent significant non-recurring transactions are translated at the rate in effect at the date of the transaction. We translate our share of the net earnings or losses of our unconsolidated entities whose functional currency is not the U.S. dollar at the average exchange rate for the period. | ||||
We and certain of our consolidated subsidiaries have intercompany and third-party debt that is not denominated in the entity’s functional currency. When the debt is remeasured against the functional currency of the entity, a gain or loss can result. The resulting adjustment is reflected in results of operations, unless it is intercompany debt that is deemed to be long-term in nature and then the adjustment is reflected as a cumulative translation adjustment in AOCI in the Consolidated Balance Sheets. | ||||
Business Combinations. When we acquire a business, which may include an operating property, we record the acquisition at the fair value of assets acquired and liabilities assumed. Transaction costs related to business combinations are expensed as incurred. We generally acquire operating properties that meet the definition of a business. The transaction costs related to the acquisition of land and the formation of equity method investments are capitalized. | ||||
When we acquire a business or individual operating properties, we allocate the purchase price to the various components of the acquisition based upon the fair value of the acquired assets and liabilities. The initial allocation of the purchase price is based on management’s preliminary assessment, which may differ when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, not to exceed one year. | ||||
When we obtain control of an unconsolidated entity, we account for the acquisition of the entity in accordance with the guidance for a business combination achieved in stages. We remeasure our previously held interest in the unconsolidated entity at its acquisition-date fair value and recognize the resulting gain or loss, if any, in earnings at the acquisition date. | ||||
We allocate the purchase price using primarily level 2 and 3 inputs (further defined in Fair Value Measurements below) as follows: | ||||
Investments in Real Estate Properties. We value operating properties as if vacant. We estimate fair value generally by applying an income approach methodology using a discounted cash flow analysis. Key assumptions in the discounted cash flow analysis include market rents, growth rates and discount and capitalization rates. We determine discount and capitalization rates by market based on recent transactions and other market data. The fair value of land is generally based on relevant market data, such as a comparison of the subject site to similar parcels that have recently been sold or are currently being offered on the market for sale. | ||||
Intangible Assets. We determine the portion of the purchase price related to intangible assets as follows: | ||||
• | In Place Leases. We calculate the fair value of in place leases based upon our estimate of the costs to obtain tenants, primarily leasing commissions, in each of the applicable markets. The value is recorded in other assets and amortized over the average remaining estimated life of the lease to amortization expense. | |||
• | Above and Below Market Leases. We recognize an asset or liability for acquired leases with favorable or unfavorable rents based on our estimate of current market rents of the applicable markets. The value is recorded in either other assets or other liabilities, as appropriate, and is amortized over the average remaining estimated life of the lease to rental income. | |||
• | Contracts to Provide Management Services. We calculate the value of existing agreements to provide management services by discounting future expected cash flows. The value is recorded as management contracts in Other Assets in the Consolidated Balance Sheets and amortized over the remaining term of the agreement to amortization expense. | |||
Debt. We estimate the fair value of debt based on contractual future cash flows discounted using borrowing spreads and market interest rates that would be available to us for the issuance of debt with similar terms and remaining maturities. In the case of publicly traded debt, we estimate the fair value based on available market data. Any discount or premium to the principal amount is included in the carrying value and amortized over the remaining term of the related debt using the effective interest method to interest expense. | ||||
Noncontrolling Interest. We estimate the portion of the fair value of the net assets owned by third parties based on the fair value of the consolidated net assets, principally real estate properties and debt. | ||||
Working Capital. We base the fair value of all other acquired assets and assumed liabilities on the best information available. | ||||
Fair Value Measurements. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). We estimate fair value using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize upon disposition. The fair value hierarchy consists of three broad levels: | ||||
• | Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. | |||
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. | |||
• | Level 3 — Unobservable inputs for the asset or liability. | |||
Long-Lived Assets. | ||||
Real Estate Assets. Real estate assets are carried at depreciated cost. We capitalize costs incurred in developing, renovating, rehabilitating and improving real estate assets as part of the investment basis of real estate assets. We expense costs for making repairs and maintaining the real estate assets as incurred. | ||||
During the land development and construction periods of qualifying projects, we capitalize interest costs, insurance, real estate taxes and general and administrative costs of the personnel performing the development, renovation, and rehabilitation; if such costs are incremental and identifiable to a specific activity to ready the asset for its intended use. We capitalize costs incurred to successfully originate a lease that results directly from and are essential to acquire that lease, including internal costs that are incremental and identifiable as leasing activities. Leasing costs that meet the requirements for capitalization are presented as a component of Other Assets in the Consolidated Balance Sheets. | ||||
We charge the depreciable portions of real estate assets to depreciation expense on a straight-line basis over the respective estimated useful lives. Depreciation commences when the asset is ready for its intended use, which we define as the earlier of stabilization (90% occupied) or one year after completion of construction. We generally use the following useful lives: five to seven years for capital improvements, 10 years for standard tenant improvements, 25 years for depreciable land improvements, 30 years for operating properties acquired and 40 years for operating properties we develop. We depreciate building improvements on land parcels subject to ground leases over the shorter of the estimated building improvement life or the contractual term of the underlying ground lease. Capitalized leasing costs are amortized over the estimated remaining lease term. Our weighted average lease term based on square feet for all leases, in effect at December 31, 2014, was seven years. | ||||
We assess the carrying values of our respective long-lived assets, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. We consider current market conditions, as well as our intent with respect to holding or disposing of the asset. We measure the recoverability of the real estate asset by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. If our analysis indicates that the carrying value of the real estate property that we expect to hold is not recoverable on an undiscounted cash flow basis, we recognize an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property. We determine fair value through various valuation techniques; including discounted cash flow models, quoted market values, and third-party appraisals; where considered necessary. When we decide to sell an asset we compare the carrying value of the property to its estimated fair value based on estimated selling price less costs to sell and recognize an impairment for any excess. | ||||
We estimate the future undiscounted cash flows based on our intent as follows: | ||||
(i) | for real estate properties that we intend to hold long-term; including land held for development, properties currently under development and operating buildings; recoverability is assessed based on the estimated undiscounted future net rental income from operating the property and the terminal value; | |||
(ii) | for land parcels we intend to sell, recoverability is assessed based on estimated proceeds from disposition; | |||
(iii) | for real estate properties currently under development and operating buildings we intend to sell, recoverability is assessed based on proceeds from disposition that are estimated based on future net rental income of the property and expected market capitalization rates; and | |||
(iv) | for costs incurred related to the potential acquisition of land or development of a real estate property, recoverability is assessed based on the probability that the acquisition or development is likely to occur at the measurement date. | |||
We base projected future cash flows on assumptions that are consistent with our estimates of future expectations and the strategic plan we use to manage our underlying business. However, assumptions and estimates about future cash flows, discount rates and capitalization rates are complex and subjective. Changes in economic and operating conditions and our intent with regard to our investment that occurs subsequent to our impairment analyses could impact these assumptions and result in future impairment of our long-lived assets. | ||||
Assets Held for Sale. We classify a component of our business or property as held for sale when certain criteria are met, in accordance with GAAP. At such time, the respective assets and liabilities are presented separately in the Consolidated Balance Sheets and depreciation is no longer recognized. Assets held for sale are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. | ||||
Discontinued Operations. As discussed in the New Accounting Pronouncements below, beginning in 2014, only disposals of a component of an entity, or a group of components of an entity, representing a strategic shift in operations would be presented as discontinued operations. Under this guidance, none of our property dispositions qualified as discontinued operations in 2014. However, in 2013 and 2012 the results of operations for real estate properties sold during the reported periods or held for sale at the end of the reported periods were shown under Discontinued Operations in the Consolidated Statements of Operations following the previous accounting standard. | ||||
Investments in Unconsolidated Entities. We present our investments in certain entities under the equity method. We use the equity method when we have the ability to exercise significant influence over operating and financial policies of the venture but do not have control of the entity. Under the equity method, we initially recognize these investments (including advances) in the balance sheet at our cost which would include deferred gains from the contribution of properties, if applicable. We subsequently adjust the accounts to reflect our proportionate share of net earnings or losses recognized, our share of accumulated other comprehensive income or loss, distributions received and certain other adjustments, as appropriate. When circumstances indicate there may have been a reduction in the value of an equity investment, we evaluate whether the loss in value is other than temporary. If we conclude it is other than temporary, we recognize an impairment charge to reflect the equity investment at fair value. | ||||
Cash and Cash Equivalents. We consider all cash on hand, demand deposits with financial institutions, and short-term highly liquid investments with original maturities of three months or less to be cash equivalents. Our cash and cash equivalents are financial instruments that are exposed to concentrations of credit risk. We invest our cash with high-credit quality institutions. Cash balances may be invested in money market accounts that are not insured. We have not realized any losses in such cash investments or accounts and believe that we are not exposed to any significant credit risk. | ||||
Financial Instruments. We may use derivative financial instruments for the purpose of managing foreign currency exchange rate and interest rate risk. We reflect our derivative financial instruments at fair value and record changes in the fair value of these derivatives each period in earnings, unless hedge accounting criteria are met. See Note 18 for a discussion of our financial instruments. | ||||
Exchangeable Debt. Our exchangeable notes were issued by the Operating Partnership and are exchangeable into common stock of the Parent. The accounting for the exchangeable senior notes required us to separate the fair value of the derivative instrument (exchange feature) from the debt instrument and account for it separately as a derivative. At each reporting period, we adjust the derivative instrument to fair value with the adjustment being recorded in earnings as Foreign Currency and Derivative Losses and Related Amortization, Net and the derivative reflected in Other Liabilities. We amortize the discount over the remaining term of the exchangeable notes. | ||||
Noncontrolling Interests. Noncontrolling interests represent the share of consolidated entities owned by third parties. We recognize each noncontrolling holder’s respective share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interest is subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and the proportionate share of the net earnings or losses of each respective entity. If we establish a new consolidated entity or contribute a property to or liquidate an existing consolidated entity in which we do not own 100% of the ownership interests, we reflect the difference in cash received or paid from the noncontrolling interests carrying amount as paid-in-capital with no gain or loss recognized. | ||||
Certain limited partnership interests issued by us in connection with the formation of a real estate partnership and as consideration in a business combination are exchangeable into our common stock. Common stock issued upon exchange of a holder’s noncontrolling interest is accounted for at our carrying value of the surrendered noncontrolling interest, and any differences reflected in Additional Paid-in-Capital on the Consolidated Balance Sheets. | ||||
Costs of Raising Capital. We treat costs incurred in connection with the issuance of common and preferred stock as a reduction to additional paid-in capital. We capitalize costs incurred in connection with the issuance of debt in other assets, and amortize to interest expense over the term of the related debt. Costs associated with debt modifications are expensed when incurred. | ||||
Accumulated Other Comprehensive Income (Loss). For the Parent, we include AOCI as a separate component of stockholders’ equity in the Consolidated Balance Sheets. For the Operating Partnership, AOCI is included in partners’ capital in the Consolidated Balance Sheets. Any reference to AOCI in this document is referring to the component of stockholders’ equity for the Parent and partners’ capital for the Operating Partnership. | ||||
Revenue Recognition. | ||||
Rental Income. We lease our operating properties to customers under agreements that are classified as operating leases. We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Generally, under the terms of our leases, the majority of our rental expenses are recovered from our customers. We reflect amounts recovered from customers as revenue in the period that the applicable expenses are incurred. We make a provision for possible loss if the collection of a receivable balance is considered doubtful. | ||||
Strategic Capital Income. Strategic capital income includes revenues we earn from the management services we provide to unconsolidated entities. These fees are determined in accordance with the terms specific to each arrangement and may include property and asset management fees or transactional fees for leasing, acquisition, construction, financing, legal and tax services provided. We may also earn incentive returns (we refer to these as promotes) based on third-party investor returns over time, which may be during the duration of the venture or at the time of liquidation. We recognize fees when they are earned, fixed and determinable. We report these fees in Strategic Capital Income in the Consolidated Statements of Operations. In addition, we may earn fees for services provided to develop properties within these ventures and those fees are reflected in Development Management and Other Income in the Consolidated Statements of Operations on a percentage of completion basis. | ||||
Gains (Losses) on Dispositions of Investments in Real Estate. We recognize gains on the disposition of real estate when the recognition criteria have been met, generally at the time the risks and rewards and title have transferred and we no longer have substantial continuing involvement with the real estate sold. We recognize losses from the disposition of real estate when known. | ||||
When we contribute a property to an unconsolidated entity in which we have an ownership interest, we do not recognize a portion of the gain realized. The amount of gain not recognized, based on our ownership interest in the entity acquiring the property, is deferred by recognizing a reduction to our investment in the applicable unconsolidated entity. We adjust our proportionate share of net earnings or losses recognized in future periods to reflect the entities’ recorded depreciation expense as if it were computed on our lower basis in the contributed properties rather than on the entity’s basis. | ||||
When a property that we originally contributed to an unconsolidated entity is disposed of to a third party, we recognize the amount of the gain we had previously deferred, along with our proportionate share of the gain recognized by the unconsolidated entity. If our ownership interest in an unconsolidated entity decreases and the decrease is expected to be permanent, we recognize the amounts relating to previously deferred gains to coincide with our new ownership interest. | ||||
Rental Expenses. Rental expenses primarily include the cost of our property management personnel, utilities, repairs and maintenance, property insurance and real estate taxes. | ||||
Strategic Capital Expenses. Strategic capital expenses include the direct expenses associated with the asset management of the unconsolidated co-investment ventures provided by our employees who are assigned to our Strategic Capital segment. In addition, in order to achieve efficiencies and economies of scale, all of our property management functions are provided by property management personnel who are assigned to our Real Estate Operations segment. These individuals perform the property-level management of the properties in our owned and managed portfolio including properties we consolidated and the properties we manage that are owned by the unconsolidated co-investment ventures. We allocate the costs of our property management to the properties we consolidate (included in Rental Expenses) and the properties owned by the unconsolidated co-investment ventures (included in Strategic Capital Expenses) by using the square feet owned by the respective portfolios. | ||||
Equity-Based Compensation. We account for equity-based compensation by measuring the cost of employee services received in exchange for an award of an equity instrument based on the fair value of the award on the grant date. We recognize the cost of the entire award on a straight-line basis over the period during which an employee is required to provide service in exchange for the award, generally the vesting period. | ||||
Income Taxes. Under the Internal Revenue Code, REITs are generally not required to pay federal income taxes if they distribute 100% of their taxable income and meet certain income, asset and stockholder tests. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes at regular corporate rates (including any alternative minimum tax) and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, we may be subject to certain state and local taxes on our own income and property, and to federal income and excise taxes on our undistributed taxable income. | ||||
We have elected taxable REIT subsidiary (“TRS”) status for some of our consolidated subsidiaries. This allows us to provide services that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not accord REIT status under their respective tax laws to our entities that operate in their jurisdiction. In the United States, we are taxed in certain states in which we operate. Accordingly, we recognize income tax expense for the federal and state income taxes incurred by our TRSs, taxes incurred in certain states and foreign jurisdictions, and interest and penalties associated with our unrecognized tax benefit liabilities. | ||||
We evaluate tax positions taken in the Consolidated Financial Statements under the interpretation for accounting for uncertainty in income taxes. As a result of this evaluation, we may recognize a tax benefit from an uncertain tax position only if it is “more-likely-than-not” that the tax position will be sustained on examination by taxing authorities. | ||||
We recognize deferred income taxes in certain taxable entities. For federal income tax purposes, certain acquisitions have been treated as tax-free transactions resulting in a carry-over basis in assets and liabilities. For financial reporting purposes and in accordance with purchase accounting, we record all of the acquired assets and liabilities at the estimated fair value at the date of acquisition. For our taxable subsidiaries, including international jurisdictions, we recognize the deferred income tax liabilities that represent the tax effect of the difference between the tax basis carried over and the fair value of the tangible and intangible assets at the date of acquisition. Any increases or decreases to the deferred income tax liability recorded in connection with these acquisitions, related to tax uncertainties acquired, are reflected in earnings. | ||||
If taxable income is generated in these subsidiaries, we recognize a benefit in earnings as a result of the reversal of the deferred income tax liability previously recorded at the acquisition date and we record current income tax expense representing the entire current income tax liability. If the reversal of the deferred income tax liability results from a sale or contribution of assets, the classification of the reversal to the Consolidated Statement of Operations is based on the taxability of the transaction. We record the reversal to Deferred Income Tax Benefit as a taxable transaction if we dispose of the asset. We record the reversal as Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net as a non-taxable transaction if we dispose of the asset, as well as the entity that owns the asset. | ||||
Deferred income tax expense is generally a function of the period’s temporary differences (items that are treated differently for tax purposes than for financial reporting purposes) and the utilization of tax net operating losses generated in prior years that had been previously recognized as deferred income tax assets. We provide for a valuation allowance for deferred income tax assets if we believe all or some portion of the deferred income tax asset may not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances that causes a change in the estimated realizability of the related deferred income tax asset is included in deferred tax expense. | ||||
Environmental Costs. We incur certain environmental remediation costs, including cleanup costs, consulting fees for environmental studies and investigations, monitoring costs, and legal costs relating to cleanup, litigation defense, and the pursuit of responsible third parties. We expense costs incurred in connection with operating properties and properties previously sold. We capitalize costs related to undeveloped land as development costs and include any expected future environmental liabilities at the time of acquisition. We include costs incurred for properties to be disposed in the cost of the properties upon disposition. We maintain a liability for the estimated costs of environmental remediation expected to be incurred in connection with undeveloped land, operating properties and properties previously sold that we adjust as appropriate as information becomes available. | ||||
New Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board (the “FASB”) issued an accounting standard update that requires companies to use a five step model to determine when to recognize revenue from customer contracts in an effort to increase consistency and comparability throughout global capital markets and across industries. Under the model, a company will identify the contract, identify any separate performance obligations in the contract, determine the transaction price, allocate the transaction price and recognize revenue when the performance obligation is satisfied. The new standard will replace most existing revenue recognition guidance in GAAP when it becomes effective for us on January 1, 2017. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting. | ||||
In April 2014, the FASB issued an accounting standard update that changed the criteria for classifying and reporting discontinued operations while enhancing disclosures. Under the new guidance, only disposals of a component of an entity, or a group of components of an entity, representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have, or will have, a major effect on the organization’s operations and financial results. Examples of disposals that may meet the new criteria include a disposal of a major geographic area, a major line of business, or a major equity method investment. In addition, the new guidance requires additional disclosures about discontinued operations and the disposal of an individually significant component of an entity that does not meet the criteria for discontinued operations. We early adopted this standard prospectively for all disposals subsequent to January 1, 2014. Prior to adoption, the results of operations for real estate properties sold or held for sale during the reported periods were shown under Discontinued Operations in the Consolidated Statements of Operations (see Note 8). Going forward, we expect the majority of our property dispositions will not qualify as discontinued operations and the results of the dispositions will be presented in Income from Continuing Operations. | ||||
In March 2013, the FASB issued an accounting standard update on the accounting for currency translation adjustment (“CTA”) when a parent sells or transfers part of its ownership interest in a foreign entity. When a company sells a subsidiary or group of assets that constitute a business while maintaining ownership of the foreign entity in which those assets or subsidiary reside, a complete or substantially complete liquidation of the foreign entity is required in order for a parent entity to release CTA to earnings. However, for a company that sells all or part of its ownership interest in a foreign entity, CTA is released upon the loss of a controlling financial interest in a consolidated foreign entity or partial sale of an equity method investment in a foreign entity. For step acquisitions, the CTA associated with the previous equity-method investment is fully released when control is obtained and consolidation occurs. We adopted this standard at January 1, 2014, and it did not have a material impact in the Consolidated Financial Statements. | ||||
Business_Combinations
Business Combinations | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Business Combinations [Abstract] | |||||
Business Combinations | 3 | Business Combinations | |||
Acquisition of a Controlling Interest in Prologis North American Industrial Fund | |||||
During 2014, we increased our ownership in Prologis North American Industrial Fund (“NAIF”) from 23.1% to 66.1% by acquiring the equity units from all but one partner for an aggregate of $679.0 million. This included the acquisition of $46.8 million on October 20, 2014 that resulted in our gaining control over NAIF, based on the rights of the limited partners, and therefore we began consolidating NAIF as of that date. When we acquire a controlling interest in an equity investment, we remeasure our equity investment to fair value, and as a result we may recognize a gain or loss. We recognized a gain of $201.3 million in Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net in the Consolidated Statements of Operations. The fair value was primarily based on external valuations. | |||||
The total purchase price was $1.1 billion, which included our investment in NAIF at the time of consolidation. The allocation of the purchase price required a significant amount of judgment and was based on our valuation, estimates and assumptions of the acquisition date fair value of the tangible and intangible assets and liabilities acquired, for which we used external valuations as appropriate. While the current allocation of the purchase price is substantially complete, the valuation of the real estate properties is still being finalized. We do not expect future revisions, if any, to have a significant impact on our financial position or results of operations. The allocation of the purchase price was as follows (in thousands): | |||||
Investments in real estate properties | $ | 2,770,191 | |||
Cash, accounts receivable and other assets | 132,261 | ||||
Debt | -1,195,213 | ||||
Accounts payable, accrued expenses and other liabilities | -70,226 | ||||
Noncontrolling interests | -554,493 | ||||
Total purchase price | $ | 1,082,520 | |||
Our results of operations for 2014 include rental income and rental expenses of the properties acquired in the NAIF acquisition of $49.2 million and $13.3 million, respectively, offset by the impact of noncontrolling interests. | |||||
2013 Acquisitions of Controlling Interests in Unconsolidated Co-Investment Ventures | |||||
During 2013, we acquired real estate from three unconsolidated co-investment ventures through the conclusion of the venture or the acquisition of our partner’s interest. In connection with these transactions, we remeasured our equity investment to fair value and recognized gains of $34.8 million in Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net in the Consolidated Statements of Operations. The fair value was primarily based on external valuations. | |||||
• | On October 2, 2013, we acquired our partner’s 78.4% interest in the unconsolidated co-investment venture Prologis SGP Mexico and concluded the venture. The allocation of net assets acquired was $409.5 million in real estate properties and $4.0 million of net other assets and $158.4 million in debt. All properties acquired in this transaction were contributed in June 2014 to our new unconsolidated co-investment venture in Mexico, as discussed in Note 4. | ||||
• | On August 6, 2013, we concluded the unconsolidated co-investment venture Prologis North American Industrial Fund III. The venture sold 73 properties to a third party and we subsequently acquired the remaining properties through the purchase of our partner’s 80% ownership interest in the venture. The allocation of net assets acquired was $519.2 million in real estate properties and $22.0 million of net other assets. These properties were contributed in January 2014 to a consolidated venture in which we own 55% of the equity as discussed in Note 12. | ||||
• | In the second quarter of 2013, we concluded an unconsolidated co-investment venture in Japan. | ||||
The results of operations for these properties were not significant in 2013. | |||||
2012 Acquisitions of Controlling Interests in Unconsolidated Co-Investment Ventures | |||||
In 2012, we acquired all or a portion of the total properties in three of our unconsolidated co-investment ventures in the United States, collectively the “2012 Co-Investment Venture Acquisitions.” As a result of the 2012 Co-Investment Venture Acquisitions, we remeasured our equity investments in these co-investment ventures to fair value resulting in a gain of $286.3 million in Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net in the Consolidated Statements of Operations. The fair value was primarily based on external valuations. The allocation of net assets acquired for these acquisitions was approximately $2.3 billion in real estate properties, $50.3 million of net other assets and $1.0 billion in debt. Our results for 2012 include rental income and rental expenses of the properties acquired in the 2012 Co-Investment Venture Acquisitions of $170.6 million and $42.5 million, respectively. |
Real_Estate
Real Estate | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Real Estate [Abstract] | |||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||
4 | Real Estate | ||||||||||||||||||||||||
Investments in real estate properties are presented at cost, and consist of the following at December 31 (dollars and square feet in thousands): | |||||||||||||||||||||||||
Square Feet /Acres (1) | No. of Buildings (1) | Investment Balance | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Industrial operating properties: | |||||||||||||||||||||||||
Improved land | - - | - - | - - | - - | $ | 4,227,637 | $ | 4,074,647 | |||||||||||||||||
Buildings and improvements | 282,282 | 267,097 | 1,607 | 1,610 | 14,407,815 | 13,726,417 | |||||||||||||||||||
Development portfolio, including land costs: | |||||||||||||||||||||||||
Pre-stabilized | 7,448 | 4,491 | 24 | 11 | 547,982 | 204,022 | |||||||||||||||||||
Properties under development | 22,844 | 18,587 | 55 | 46 | 925,998 | 816,995 | |||||||||||||||||||
Land | 9,017 | 9,747 | - - | - - | 1,577,786 | 1,516,166 | |||||||||||||||||||
Other real estate investments (2) | 502,927 | 486,230 | |||||||||||||||||||||||
Total investments in real estate properties | 22,190,145 | 20,824,477 | |||||||||||||||||||||||
Less accumulated depreciation | 2,790,781 | 2,568,998 | |||||||||||||||||||||||
Net investments in real estate properties | $ | 19,399,364 | $ | 18,255,479 | |||||||||||||||||||||
-1 | Items indicated by ‘- -‘are not applicable. | ||||||||||||||||||||||||
-2 | Included in other real estate investments are: (i) certain non-industrial real estate; (ii) our corporate office buildings; (iii) certain infrastructure costs related to projects we are developing on behalf of others; (iv) land parcels that are leased to third parties; (v) earnest money deposits associated with potential acquisitions; and (vi) costs related to future development projects, including purchase options on land. | ||||||||||||||||||||||||
At December 31, 2014, we owned real estate assets in the Americas (Canada, Mexico and the United States), Europe (Austria, Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Romania, Slovakia, Spain, Sweden and the United Kingdom) and Asia (China, Japan and Singapore). | |||||||||||||||||||||||||
Acquisitions | |||||||||||||||||||||||||
Real estate acquisition activity for the years ended December 31 was as follows (dollars and square feet in thousands): | |||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Acquisitions of properties from unconsolidated co-investment ventures | |||||||||||||||||||||||||
Number of industrial operating properties | 231 | 58 | 215 | ||||||||||||||||||||||
Square feet | 45,663 | 16,319 | 46,277 | ||||||||||||||||||||||
Real estate acquisition value | $ | 2,770,191 | $ | 1,141,128 | $ | 2,294,892 | |||||||||||||||||||
Gains on revaluation of equity investments upon acquisition of a controlling interest | $ | 201,319 | $ | 34,787 | $ | 286,335 | |||||||||||||||||||
Acquisitions of properties from third parties | |||||||||||||||||||||||||
Number of industrial operating properties | 8 | 12 | 12 | ||||||||||||||||||||||
Square feet | 1,004 | 3,262 | 1,622 | ||||||||||||||||||||||
Real estate acquisition value | $ | 78,314 | $ | 146,331 | $ | 77,397 | |||||||||||||||||||
The acquisitions of controlling interests in unconsolidated co-investment ventures is discussed in Note 3. | |||||||||||||||||||||||||
Dispositions | |||||||||||||||||||||||||
Real estate disposition activity for the years ended December 31 was as follows (dollars and square feet in thousands): | |||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Continuing Operations | |||||||||||||||||||||||||
Contributions to unconsolidated co-investment ventures | |||||||||||||||||||||||||
Number of properties | 126 | 254 | 25 | ||||||||||||||||||||||
Square feet | 25,247 | 71,503 | 4,784 | ||||||||||||||||||||||
Net proceeds | $ | 1,825,311 | $ | 6,479,707 | $ | 380,880 | |||||||||||||||||||
Net gains on contributions | $ | 188,268 | $ | 555,196 | $ | 1,958 | |||||||||||||||||||
Dispositions to third parties | |||||||||||||||||||||||||
Number of properties | 145 | - | - | ||||||||||||||||||||||
Square feet | 19,856 | - | - | ||||||||||||||||||||||
Net proceeds (1) | $ | 1,365,318 | $ | 177,273 | $ | 94,587 | |||||||||||||||||||
Net gains on dispositions (1) | $ | 336,203 | $ | 7,673 | $ | 17,314 | |||||||||||||||||||
Discontinued Operations | |||||||||||||||||||||||||
Number of properties | - | 89 | 200 | ||||||||||||||||||||||
Square feet | - | 9,196 | 27,169 | ||||||||||||||||||||||
Net proceeds from dispositions | $ | - | $ | 608,286 | $ | 1,562,189 | |||||||||||||||||||
Net gains from dispositions, including related impairment charges and taxes (2) | $ | - | $ | 116,550 | $ | 35,098 | |||||||||||||||||||
-1 | Dispositions to third parties include land sales. | ||||||||||||||||||||||||
-2 | We recorded $1.2 million and $0.2 million of income tax expense in 2013 and 2012, respectively, related to the disposition of properties in discontinued operations. | ||||||||||||||||||||||||
Detail of significant transactions with related parties (co-investment ventures) | |||||||||||||||||||||||||
In June 2014, we completed the initial public offering of FIBRA Prologis, a Mexican REIT, on the Mexican Stock Exchange. In connection with the offering, FIBRA Prologis purchased 177 properties aggregating 29.7 million square feet (12.6 million square feet related to wholly-owned properties, 7.6 million square feet from our consolidated co-investment venture Prologis Mexico Fondo Logistico (“AFORES”) and 9.5 million square feet from our unconsolidated co-investment venture Prologis Mexico Industrial Fund). We received 287.3 million equity units of FIBRA Prologis (priced at Ps 27.00 ($2.09)) in exchange for our combined investments, resulting in a 45% ownership interest that we account for under the equity method. Based on this transaction, we recognized a gain on disposition of investments in real estate of $52.5 million; current tax expense of $32.4 million; deferred tax benefit of $55.5 million; and earnings attributable to noncontrolling interest of $61.0 million. | |||||||||||||||||||||||||
In the first quarter of 2013, we completed the initial public offering of Nippon Prologis REIT, Inc. (“NPR”), a publicly traded company listed on the Tokyo Stock Exchange. NPR acquired a portfolio of 12 properties totaling 9.6 million square feet from us for an aggregate purchase price of ¥173 billion ($1.9 billion). As a result of this transaction, we recognized a gain of $337.9 million, net of a $59.6 million deferral due to our ongoing investment. The gain was recorded in Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net in the Consolidated Statements of Operations. | |||||||||||||||||||||||||
Also during the first quarter of 2013, we closed Prologis European Logistics Partners Sàrl (“PELP”), a European joint venture with Norges Bank Investment Management (“NBIM”). The venture acquired a portfolio from us for approximately €2.3 billion ($3.0 billion) consisting of 195 properties and 48.7 million square feet in 11 European target global markets. As a result of this transaction, we recognized a gain of $1.8 million, net of a deferred gain due to our ongoing investment. In connection with the closing, a warrant NBIM received at signing to acquire six million shares of our common stock with a strike price of $35.64 became exercisable. We used a Black-Scholes pricing model to value the warrant and this value was included as consideration in the overall result of the transaction. On December 12, 2014, NBIM exercised the warrant to receive six million shares of our common stock for an aggregate strike price of $213.8 million. | |||||||||||||||||||||||||
Lease Commitments | |||||||||||||||||||||||||
We have entered into operating ground leases as a lessee on certain land parcels, primarily on-tarmac facilities and office space with remaining lease terms of 1 to 75 years. Future minimum rental payments under non-cancelable operating leases in effect at December 31, 2014, were as follows (in thousands): | |||||||||||||||||||||||||
2015 | $ | 32,307 | |||||||||||||||||||||||
2016 | 30,237 | ||||||||||||||||||||||||
2017 | 27,490 | ||||||||||||||||||||||||
2018 | 25,896 | ||||||||||||||||||||||||
2019 | 25,110 | ||||||||||||||||||||||||
Thereafter | 391,634 | ||||||||||||||||||||||||
Total | $ | 532,674 | |||||||||||||||||||||||
Operating Lease Agreements | |||||||||||||||||||||||||
We lease our operating properties and certain land parcels to customers under agreements that are generally classified as operating leases. Our largest customer and 25 largest customers accounted for 1.9% and 19.5%, respectively, of our net effective rent at December 31, 2014. We determine net effective rent at the beginning of a lease based upon total estimated cash to be received through the term of the lease on an annual basis. At December 31, 2014, minimum lease payments on leases with lease periods greater than one year for space in our operating properties and leases of land subject to ground leases were as follows (in thousands): | |||||||||||||||||||||||||
2015 | $ | 1,193,676 | |||||||||||||||||||||||
2016 | 1,025,162 | ||||||||||||||||||||||||
2017 | 798,922 | ||||||||||||||||||||||||
2018 | 601,492 | ||||||||||||||||||||||||
2019 | 427,600 | ||||||||||||||||||||||||
Thereafter | 1,326,106 | ||||||||||||||||||||||||
Total | $ | 5,372,958 | |||||||||||||||||||||||
These amounts do not reflect future rental revenues from the renewal or replacement of existing leases and exclude reimbursements of operating expenses. |
Unconsolidated_Investments
Unconsolidated Investments | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||
Unconsolidated Investments | 5 | Unconsolidated Investments | |||||||||||||||
Summary of Investments | |||||||||||||||||
We have investments in entities through a variety of ventures. We co-invest in entities that own multiple properties with partners and investors and provide asset and property management services to these entities, which we refer to as co-investment ventures. These entities may be consolidated or unconsolidated, depending on the structure, our partner’s participation and other rights and our level of control of the entity. This note primarily details our investments in unconsolidated co-investment ventures, which are accounted for using the equity method of accounting. See Note 12 for more detail regarding our consolidated investments. | |||||||||||||||||
We also have other ventures, generally with one partner and that we do not manage, which we account for on the equity method. We refer to our investments in all entities accounted for under the equity method, both unconsolidated co-investment ventures and other ventures, collectively, as unconsolidated entities. | |||||||||||||||||
Our investments in and advances to our unconsolidated entities at December 31 are summarized below (in thousands): | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Unconsolidated co-investment ventures | $ | 4,665,918 | $ | 4,250,015 | |||||||||||||
Other ventures | 158,806 | 180,224 | |||||||||||||||
Totals | $ | 4,824,724 | $ | 4,430,239 | |||||||||||||
Unconsolidated Co-Investment Ventures | |||||||||||||||||
The amounts recognized in Strategic Capital Income and Earnings from Unconsolidated Entities, Net in the Consolidated Statements of Operations depend on the size and operations of the co-investment ventures. Our ownership interest in these ventures also impacts the equity in earnings we recognize. The co-investment venture information represents the venture’s information (not our proportionate share) prepared on a GAAP basis. The following tables are summarized information of the unconsolidated co-investment ventures at December 31, and for the three years ended December 31. | |||||||||||||||||
(dollars and square feet in millions) | 2014 | 2013 | 2012 | ||||||||||||||
Americas: | |||||||||||||||||
Number of ventures | 3 | 4 | 6 | ||||||||||||||
Number of properties owned | 590 | 709 | 801 | ||||||||||||||
Square feet | 87.1 | 108.5 | 127.5 | ||||||||||||||
Total assets | $ | 7,063 | $ | 8,014 | $ | 9,070 | |||||||||||
Third-party debt | $ | 2,280 | $ | 2,999 | $ | 3,836 | |||||||||||
Total liabilities | $ | 2,421 | $ | 3,177 | $ | 4,170 | |||||||||||
Our investment balance (1) | $ | 1,537 | $ | 1,194 | $ | 1,112 | |||||||||||
Our weighted average ownership (2) | 31.00% | 22.70% | 23.20% | ||||||||||||||
Europe: | |||||||||||||||||
Number of ventures | 4 | 4 | 3 | ||||||||||||||
Number of properties owned | 636 | 571 | 312 | ||||||||||||||
Square feet | 147.4 | 132.9 | 70.3 | ||||||||||||||
Total assets | $ | 11,463 | $ | 11,819 | $ | 6,605 | |||||||||||
Third-party debt | $ | 2,644 | $ | 2,998 | $ | 2,384 | |||||||||||
Total liabilities | $ | 3,524 | $ | 4,114 | $ | 2,954 | |||||||||||
Our investment balance (1) | $ | 2,773 | $ | 2,703 | $ | 723 | |||||||||||
Our weighted average ownership (2) | 38.80% | 39.00% | 29.70% | ||||||||||||||
Asia: | |||||||||||||||||
Number of ventures | 2 | 2 | 2 | ||||||||||||||
Number of properties owned | 52 | 43 | 44 | ||||||||||||||
Square feet | 26.2 | 22.9 | 11 | ||||||||||||||
Total assets | $ | 4,135 | $ | 4,032 | $ | 1,937 | |||||||||||
Third-party debt | $ | 1,652 | $ | 1,715 | $ | 973 | |||||||||||
Total liabilities | $ | 1,749 | $ | 1,899 | $ | 1,063 | |||||||||||
Our investment balance (1) | $ | 356 | $ | 353 | $ | 179 | |||||||||||
Our weighted average ownership (2) | 15.00% | 15.00% | 19.20% | ||||||||||||||
Total: | |||||||||||||||||
Number of ventures | 9 | 10 | 11 | ||||||||||||||
Number of properties owned | 1,278 | 1,323 | 1,157 | ||||||||||||||
Square feet | 260.7 | 264.3 | 208.8 | ||||||||||||||
Total assets | $ | 22,661 | $ | 23,865 | $ | 17,612 | |||||||||||
Third-party debt | $ | 6,576 | $ | 7,712 | $ | 7,193 | |||||||||||
Total liabilities | $ | 7,694 | $ | 9,190 | $ | 8,187 | |||||||||||
Our investment balance (1) | $ | 4,666 | $ | 4,250 | $ | 2,014 | |||||||||||
Our weighted average ownership (2) | 32.00% | 29.20% | 25.10% | ||||||||||||||
(in millions) | 2014 (3) | 2013 (3) | 2012 | ||||||||||||||
Americas: | |||||||||||||||||
Revenues | $ | 711 | $ | 702 | $ | 759 | |||||||||||
Net operating income | $ | 527 | $ | 513 | $ | 561 | |||||||||||
Net earnings (loss) | $ | 54 | $ | 58 | $ | -88 | |||||||||||
Europe: | |||||||||||||||||
Revenues | $ | 1,001 | $ | 801 | $ | 490 | |||||||||||
Net operating income | $ | 787 | $ | 621 | $ | 380 | |||||||||||
Net earnings | $ | 268 | $ | 131 | $ | 86 | |||||||||||
Asia: | |||||||||||||||||
Revenues | $ | 280 | $ | 224 | $ | 141 | |||||||||||
Net operating income | $ | 219 | $ | 175 | $ | 109 | |||||||||||
Net earnings | $ | 86 | $ | 48 | $ | 8 | |||||||||||
Total: | |||||||||||||||||
Revenues | $ | 1,992 | $ | 1,727 | $ | 1,390 | |||||||||||
Net operating income | $ | 1,533 | $ | 1,309 | $ | 1,050 | |||||||||||
Net earnings | $ | 408 | $ | 237 | $ | 6 | |||||||||||
-1 | The difference between our ownership interest of the venture’s equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to the venture ($322.9 million, $139.6 million and $147.9 million at December 31, 2014, 2013 and 2012, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to the venture. | ||||||||||||||||
-2 | Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution to total assets, before depreciation, net of other liabilities. | ||||||||||||||||
-3 | We had significant activity with our unconsolidated co-investment ventures in 2014 and 2013. As described above, we formed and invested in FIBRA Prologis in June 2014. In connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. During 2013, we concluded three co-investment ventures and we started two new co-investment ventures. | ||||||||||||||||
Summarized information regarding the amounts we recognized in the Consolidated Statements of Operations as our share of the earnings from our investments in unconsolidated co-investment ventures for the years ended December 31 was as follows (in thousands): | |||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Earnings (loss) from unconsolidated co-investment ventures: | |||||||||||||||||
Americas | $ | 8,596 | $ | 21,724 | $ | -7,843 | |||||||||||
Europe | 108,430 | 63,839 | 31,174 | ||||||||||||||
Asia | 14,022 | 9,091 | 2,372 | ||||||||||||||
Total earnings from unconsolidated co-investment ventures, net | $ | 131,048 | $ | 94,654 | $ | 25,703 | |||||||||||
Strategic capital and other income: | |||||||||||||||||
Americas | $ | 94,354 | $ | 70,642 | $ | 68,142 | |||||||||||
Europe | 86,487 | 63,794 | 37,173 | ||||||||||||||
Asia | 37,509 | 42,749 | 19,870 | ||||||||||||||
Total strategic capital income | 218,350 | 177,185 | 125,185 | ||||||||||||||
Development management and other income | 5,424 | 4,007 | 535 | ||||||||||||||
Total strategic capital and other income | $ | 223,774 | $ | 181,192 | $ | 125,720 | |||||||||||
We may earn promotes based on the third-party investor returns over time. In June 2014, we earned a promote of $42.1 million from Prologis Targeted U.S. Logistics Fund, which was based on the venture’s cumulative returns to the investors over the last three years. In October 2013, we earned a promote of $7.9 million in connection with the conclusion of SGP Mexico, which was based on the venture’s cumulative returns to the investor over the life of the venture. We recognized the third-party investors’ portion of the promote of $31.3 million and $6.4 million in 2014 and 2013, respectively, which is reflected in Strategic Capital Income in the Consolidated Statements of Operations. We also recognized $4.2 million and $1.3 million of expense in 2014 and 2013, respectively that is reflected in Strategic Capital Expenses in the Consolidated Statements of Operations, and represents the associated cash bonus paid pursuant to the terms of the Prologis Promote Plan. See Note 13 for more information about this plan. | |||||||||||||||||
Information about our investments in the individual co-investment ventures at December 31 was as follows (dollars in thousands): | |||||||||||||||||
Ownership | Investment in | ||||||||||||||||
Percentage | and Advances to | ||||||||||||||||
Co-Investment Venture | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Prologis Targeted U.S. Logistics Fund, L.P. | 24.30% | 25.90% | $ | 712,044 | $ | 743,454 | |||||||||||
Prologis North American Industrial Fund, LP (NAIF) (1) | - | 23.10% | - | 201,482 | |||||||||||||
FIBRA Prologis (2) (3) | 45.90% | - | 589,627 | - | |||||||||||||
Prologis MX Fund LP (Prologis Mexico Industrial Fund) (2) | - | 20.00% | - | 49,684 | |||||||||||||
Prologis Brazil Logistics Partners Fund I, L.P. (“Brazil Fund”) and related joint ventures (“Brazil Ventures”) (4) | 50.00% | 50.00% | 235,496 | 199,392 | |||||||||||||
Prologis Targeted Europe Logistics Fund, FCP-FIS | 43.20% | 43.10% | 458,702 | 471,896 | |||||||||||||
Prologis European Properties Fund II, FCP-FIS | 31.10% | 32.50% | 488,503 | 582,828 | |||||||||||||
Europe Logistics Venture 1, FCP-FIS (5) | 15.00% | 15.00% | 56,127 | 62,654 | |||||||||||||
Prologis European Logistics Partners Sàrl (PELP) (5) | 50.00% | 50.00% | 1,769,720 | 1,585,923 | |||||||||||||
Nippon Prologis REIT (NPR) (6)(7) | 15.10% | 15.10% | 303,178 | 309,715 | |||||||||||||
Prologis China Logistics Venture I, LP & II, LP (Prologis China Logistics Venture) (5) | 15.00% | 15.00% | 52,521 | 42,987 | |||||||||||||
Totals | $ | 4,665,918 | $ | 4,250,015 | |||||||||||||
-1 | As discussed in Note 3, we began consolidating NAIF in October 2014. | ||||||||||||||||
-2 | As discussed in Note 4, we completed the initial public offering of FIBRA Prologis in June 2014 and concluded the Prologis Mexico Industrial Fund. At December 31, 2014, we owned 291.1 million units of FIBRA Prologis, which had a closing price of Ps 27.29 ($1.86) per unit on the Mexican Stock Exchange. | ||||||||||||||||
-3 | We have granted FIBRA Prologis a right of first refusal with respect to stabilized properties that we plan to sell in Mexico. | ||||||||||||||||
-4 | We have a 50% ownership interest in and consolidate an entity that in turn owns 50% of several entities that we account for on the equity method. Also, we have additional investments in other unconsolidated entities in Brazil that we account for on the equity method with various ownership interests ranging from 5-50%. We refer to the Brazil Fund and the other unconsolidated entities collectively as the “Brazil Ventures.” | ||||||||||||||||
-5 | We have one partner in each of these co-investment ventures. | ||||||||||||||||
-6 | At December 31, 2014, we owned 261,310 units of NPR, which had a closing price of ¥260,600 ($2,179) per share on the Tokyo Stock Exchange. At December 31, 2014 and 2013, we had receivables from NPR of $85.9 million and $88.5 million, respectively, related to customer security deposits that originated through a leasing company owned by us that pertain to properties owned by NPR. We have a corresponding payable to NPR’s customers in Other Liabilities in the Consolidated Balance Sheets. | ||||||||||||||||
-7 | For any properties we develop and plan to sell in Japan, we are committed to offer those properties to NPR. | ||||||||||||||||
Equity Commitments Related to Certain Unconsolidated Co-Investment Ventures | |||||||||||||||||
Certain co-investment ventures have equity commitments from us and our venture partners. Our venture partners fulfill their equity commitment with cash. We may fulfill our equity commitment through contributions of properties or cash. The venture may obtain financing for the properties and therefore the acquisition price of additional investments that the venture could make may be more than the equity commitment. Depending on market conditions, the investment objectives of the ventures, our liquidity needs and other factors, we may make additional contributions of properties and/or additional cash investments in these ventures through the remaining commitment period. | |||||||||||||||||
The following table is a summary of remaining equity commitments at December 31, 2014 (in millions): | |||||||||||||||||
Equity commitments | Expiration date | ||||||||||||||||
for remaining | |||||||||||||||||
Prologis | Venture | Total | commitments | ||||||||||||||
Partners | |||||||||||||||||
Prologis Targeted U.S. Logistics Fund | $ | - | $ | 376 | $ | 376 | 2015-2017 | ||||||||||
Prologis Targeted Europe Logistics Fund (1) | 117 | 197 | 314 | Jun-15 | |||||||||||||
Prologis European Properties Fund II (1) | 46 | 106 | 152 | September 2015 | |||||||||||||
Europe Logistics Venture 1 (1) | 4 | 21 | 25 | Jun-15 | |||||||||||||
Prologis European Logistics Partners Sàrl (2) | 104 | 104 | 208 | Feb-16 | |||||||||||||
Prologis China Logistics Venture (3) | 225 | 1,277 | 1,502 | 2015 and 2017 | |||||||||||||
Total | $ | 496 | $ | 2,081 | $ | 2,577 | |||||||||||
-1 | Equity commitments are denominated in euro and reported above in U.S. dollars based on an exchange rate of 1.21 U.S. dollars to the euro. | ||||||||||||||||
-2 | The equity commitments for this venture are expected to fund the future repayment of debt that is denominated in British pounds sterling. The commitments will be called in euros and are reported above in U.S. dollars using an exchange rate of 1.56 U.S. dollars to the British pounds sterling. | ||||||||||||||||
-3 | In July 2014, we secured a $500 million increase in committed third-party equity for this venture. | ||||||||||||||||
Other Ventures | |||||||||||||||||
We have several investments in other unconsolidated ventures that own real estate properties and/or perform development activity. We recognized our proportionate share of the earnings from our investments in these entities of $3.2 million, $2.6 million and $6.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. |
Notes_Receivable_Backed_by_Rea
Notes Receivable Backed by Real Estate | 12 Months Ended | |
Dec. 31, 2014 | ||
Receivables [Abstract] | ||
Notes Receivable Backed by Real Estate | 6 | Notes Receivable Backed by Real Estate |
At December 31, 2013, we had $188.0 million of notes backed by real estate that represented an investment in a preferred equity interest made in 2010 through the sale of a portfolio of industrial properties. We earned a preferred return at an annual rate of 7% for the first three years and 8% for the fourth year. In the second quarter of 2014, the notes and all accrued interest were paid in full. |
Other_Assets_and_Other_Liabili
Other Assets and Other Liabilities | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Text Block [Abstract] | |||||||||
Other Assets and Other Liabilities | 7 | Other Assets and Other Liabilities | |||||||
Our other assets consisted of the following, net of amortization and depreciation, if applicable, at December 31 (in thousands): | |||||||||
2014 | 2013 | ||||||||
Leasing commissions | $ | 241,557 | $ | 222,267 | |||||
Rent leveling and above market leases | 224,589 | 256,018 | |||||||
Derivative assets | 106,664 | 20,241 | |||||||
Prepaid assets | 105,093 | 136,729 | |||||||
Fixed assets | 86,927 | 85,389 | |||||||
Value added taxes receivable | 86,331 | 106,074 | |||||||
Loan fees | 53,025 | 49,920 | |||||||
Management contracts | 52,896 | 61,082 | |||||||
Other notes receivable | 46,570 | 38,860 | |||||||
Deferred income taxes | 7,887 | 19,020 | |||||||
Other | 84,525 | 99,863 | |||||||
Totals | $ | 1,096,064 | $ | 1,095,463 | |||||
Our other liabilities consisted of the following, net of amortization, if applicable, at December 31 (in thousands): | |||||||||
2014 | 2013 | ||||||||
Tenant security deposits | $ | 169,326 | $ | 191,070 | |||||
Income tax liabilities | 85,200 | 184,888 | |||||||
Unearned rents | 74,873 | 64,156 | |||||||
Derivative liabilities | 52,740 | 77,018 | |||||||
Below market leases | 30,651 | 30,031 | |||||||
Deferred income | 16,326 | 39,565 | |||||||
Value added taxes payable | 13,358 | 57,260 | |||||||
Environmental | 10,878 | 16,926 | |||||||
Other | 173,074 | 159,731 | |||||||
Totals | $ | 626,426 | $ | 820,645 | |||||
The expected future amortization of leasing commissions into rental expense of $241.6 million is summarized in the table below. We also expect our above and below market leases and rent leveling net assets, which total $193.9 million at December 31, 2014, to be amortized into rental income as follows (in thousands): | |||||||||
Amortization | Net Charge to | ||||||||
Expense | Rental Income | ||||||||
2015 | $ | 69,815 | $ | 10,678 | |||||
2016 | 55,330 | 22,322 | |||||||
2017 | 41,783 | 25,152 | |||||||
2018 | 25,342 | 23,843 | |||||||
2019 | 15,531 | 20,413 | |||||||
Thereafter | 33,756 | 91,530 | |||||||
Totals | $ | 241,557 | $ | 193,938 | |||||
Assets_Held_for_Sale_and_Disco
Assets Held for Sale and Discontinued Operations | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Discontinued Operations and Disposal Groups [Abstract] | |||||||||
Assets Held for Sale and Discontinued Operations | 8 | Assets Held for Sale and Discontinued Operations | |||||||
We had seven operating properties that met the criteria to be classified as held for sale at December 31, 2014, and three land parcels that met the criteria at December 31, 2013. The amounts included in held for sale at December 31, 2014 and 2013, respectively, represented the real estate investment balances and the related assets and liabilities for each property. | |||||||||
As discussed in Note 1, the FASB issued a standard updating the accounting and disclosure regarding discontinued operations in April 2014 which we adopted as of January 1, 2014. None of our property dispositions in 2014 met the new criteria to be classified as discontinued operations. The operations of the properties that were disposed of to third parties during 2013 and 2012 that met the criteria for discontinued operations, including the aggregate net gains or losses recognized upon their disposition (See Note 4 for more detail on gains on dispositions), are presented as discontinued operations in the Consolidated Statements of Operations. Income attributable to disposed properties and assets held for sale was as follows for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Rental income and recoveries | $ | 34,105 | $ | 128,162 | |||||
Rental expenses | (10,633) | (40,925) | |||||||
Depreciation and amortization | -15,339 | -43,197 | |||||||
Interest expense | -1,163 | -3,213 | |||||||
Income attributable to disposed properties | $ | 6,970 | $ | 40,827 |
Debt
Debt | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||
Debt | 9 | Debt | |||||||||||||||||||||||||||||||
All debt is incurred directly or indirectly by the Operating Partnership. The Parent does not have any indebtedness, but guarantees the unsecured debt of the Operating Partnership. We generally do not guarantee the debt issued by non-wholly-owned subsidiaries. | |||||||||||||||||||||||||||||||||
Our debt consisted of the following at December 31 (dollars in thousands): | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Weighted | Amount | Weighted | Amount | ||||||||||||||||||||||||||||||
Average Interest | Outstanding (2) | Average Interest | Outstanding | ||||||||||||||||||||||||||||||
Rate (1) | Rate (1) | ||||||||||||||||||||||||||||||||
Credit facilities | - % | $ | - | 1.20% | $ | 725,483 | |||||||||||||||||||||||||||
Senior notes (3) | 3.60% | 6,076,920 | 4.50% | 5,357,933 | |||||||||||||||||||||||||||||
Exchangeable senior notes | 3.30% | 456,766 | 3.30% | 438,481 | |||||||||||||||||||||||||||||
Secured mortgage debt (4) | 6.10% | 1,050,591 | 5.60% | 1,696,597 | |||||||||||||||||||||||||||||
Secured mortgage debt of consolidated entities (5) | 2.50% | 1,207,106 | 4.70% | 239,992 | |||||||||||||||||||||||||||||
Term loans | 1.30% | 572,730 | 1.70% | 535,908 | |||||||||||||||||||||||||||||
Other debt (6) | 6.20% | 16,086 | 6.20% | 16,822 | |||||||||||||||||||||||||||||
Totals | 3.60% | $ | 9,380,199 | 4.20% | $ | 9,011,216 | |||||||||||||||||||||||||||
-1 | The interest rates presented represent the effective interest rates (including amortization of the non-cash premiums or discount). | ||||||||||||||||||||||||||||||||
-2 | Included in the outstanding balances are borrowings denominated in non-U.S. currency, principally: euro ($3.3 billion) and Japanese yen ($0.4 billion). | ||||||||||||||||||||||||||||||||
-3 | Notes are due July 2017 to June 2026 and effective interest rates range from 1.4% to 7.6% at December 31, 2014. | ||||||||||||||||||||||||||||||||
-4 | Debt is due July 2015 to April 2025 and effective interest rates range from 3.3% to 7.6% at December 31, 2014. The debt is secured by 196 real estate properties with an aggregate undepreciated cost of $2.6 billion at December 31, 2014. | ||||||||||||||||||||||||||||||||
-5 | Debt is due July 2015 to December 2027 and effective interest rates range from 1.9% to 6.9% at December 31, 2014. The debt is secured by 171 real estate properties with an aggregate undepreciated cost of $2.0 billion at December 31, 2014. | ||||||||||||||||||||||||||||||||
-6 | The balance at December 31, 2014, represents primarily assessment bonds with varying interest rates from 4.5% to 7.9% that are due December 2015 to September 2033. The assessment bonds are issued by municipalities and guaranteed by us as a means of financing infrastructure and secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $784.2 million at December 31, 2014. | ||||||||||||||||||||||||||||||||
Credit Facilities | |||||||||||||||||||||||||||||||||
We have a global senior credit facility (the “Global Facility”), under which we may draw in U.S. dollars, euro, Japanese yen, British pounds sterling and Canadian dollars on a revolving basis. In June 2014, the Global Facility was amended to increase the availability to $2.5 billion (subject to currency fluctuations, approximately $2.4 billion at December 31, 2014). The Global Facility is scheduled to mature on July 11, 2017; however, we may extend the maturity date twice, by six months each, subject to satisfaction of certain conditions and payment of extension fees. Pricing under the Global Facility, including the spread over LIBOR, facility fees and letter of credit fees, varies based upon the public debt ratings of the Operating Partnership. The Global Facility contains customary representations, covenants and defaults (including a cross-acceleration to other recourse indebtedness of more than $50 million). | |||||||||||||||||||||||||||||||||
We also have a ¥45 billion ($376.2 million at December 31, 2014) Japanese yen revolver (the “Revolver”) with the ability to increase to ¥56.5 billion ($472.3 million at December 31, 2014) subject to obtaining additional lender commitments. Pricing under the Revolver was consistent with the Global Facility at December 31, 2014. The Revolver contains certain customary representations, covenants and defaults that are substantially the same as the corresponding provisions of the Global Facility. | |||||||||||||||||||||||||||||||||
We refer to the Global Facility and the Revolver, collectively, as our “Credit Facilities.” | |||||||||||||||||||||||||||||||||
In the first quarter of 2013, we entered into a $500 million bridge loan under which we could borrow in U.S. dollar, euro, or yen. We borrowed ¥20 billion ($215.7 million) under the bridge loan to make our initial investment in our co-investment venture in Japan. In connection with the contribution of properties to this venture, we paid the borrowings outstanding on this bridge loan and terminated the facility. | |||||||||||||||||||||||||||||||||
Information about our Credit Facilities at December 31 was as follows (in millions): | |||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||
For the years ended December 31: | |||||||||||||||||||||||||||||||||
Weighted average daily interest rate | 1.1 % | 1.7 % | 1.6 % | ||||||||||||||||||||||||||||||
Weighted average daily borrowings | $ | 182 | $ | 789 | $ | 815 | |||||||||||||||||||||||||||
Maximum borrowings outstanding at any month-end | $ | 742 | $ | 1,325 | $ | 1,634 | |||||||||||||||||||||||||||
At December 31: | |||||||||||||||||||||||||||||||||
Aggregate lender - commitments | $ | 2,742 | $ | 2,451 | $ | 2,118 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||
Borrowings outstanding | - | 726 | 889 | ||||||||||||||||||||||||||||||
Outstanding letters of credit | 35 | 73 | 68 | ||||||||||||||||||||||||||||||
Current availability | $ | 2,707 | $ | 1,652 | $ | 1,161 | |||||||||||||||||||||||||||
Senior Notes | |||||||||||||||||||||||||||||||||
The senior unsecured notes are issued by the Operating Partnership and guaranteed by the Parent. Our obligations under the senior notes are effectively subordinated in certain respects to any of our debt that is secured by a lien on real property, to the extent of the value of such real property. The senior notes require interest payments be made quarterly, semi-annually or annually. All of the senior notes are redeemable at any time at our option, subject to certain prepayment penalties. Such redemption and other terms are governed by the provisions of indenture agreements, various note purchase agreements and/or trust deeds. | |||||||||||||||||||||||||||||||||
During the years ended December 31, we issued the following senior notes (dollars and euros in thousands): | |||||||||||||||||||||||||||||||||
2014 | Principal | Interest | Effective | Maturity | |||||||||||||||||||||||||||||
Amount | Rate | Interest Rate | Date | ||||||||||||||||||||||||||||||
February 2014 (1) | € | 700,000 | $ | 959,420 | 3.38% | 3.52% | February 2024 | ||||||||||||||||||||||||||
June 2014 (1) | € | 500,000 | $ | 680,550 | 3.00% | 3.10% | Jun-26 | ||||||||||||||||||||||||||
October 2014 (1) | € | 600,000 | $ | 756,420 | 1.38% | 1.40% | Oct-20 | ||||||||||||||||||||||||||
2013 | Principal | Interest | Effective | Maturity | |||||||||||||||||||||||||||||
Amount | Rate | Interest Rate | Date | ||||||||||||||||||||||||||||||
Aug-13 | $ | 400,000 | 2.75% | 2.76% | February 2019 | ||||||||||||||||||||||||||||
Aug-13 | $ | 850,000 | 4.25% | 4.28% | Aug-23 | ||||||||||||||||||||||||||||
Nov-13 | $ | 500,000 | 3.35% | 3.35% | Feb-21 | ||||||||||||||||||||||||||||
December 2013 (1) | € | 700,000 | $ | 950,500 | 3.00% | 3.08% | Jan-22 | ||||||||||||||||||||||||||
-1 | This debt is denominated in euro and the exchange rate used to calculate into U.S. dollar was the effective rate at the date of the transaction. | ||||||||||||||||||||||||||||||||
Exchangeable Senior Notes | |||||||||||||||||||||||||||||||||
At December 31, 2014, we had $460.0 million of 3.25% exchangeable senior notes that mature on March 15, 2015 (“Exchangeable Notes”). The Exchangeable Notes are exchangeable at any time by holders at an initial conversion rate of 25.8244 shares of our common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $38.72 per share, subject to adjustment upon the occurrence of certain events. The holders of the notes have the right to require us to repurchase their notes for cash at any time on or prior to the maturity date upon a change in control or a termination of trading. Based on the conversion rate at December 31, 2014, 11.9 million shares would be required to settle the principal amount in stock for the Exchangeable Notes. The conversion of the Exchangeable Notes into stock, and the corresponding adjustment to interest expense, are included in our computation of diluted earnings per share/unit, unless the impact is anti-dilutive. For the years ended December 31, 2014, 2013 and 2012, the impact of these notes was anti-dilutive. | |||||||||||||||||||||||||||||||||
We recognized unrealized losses on the derivative instrument (exchange feature) associated with exchangeable debt of $10.3 million, $1.2 million and $22.3 million for the years ended December 31, 2014, 2013 and 2012, respectively. The fair value of the derivative associated with the Exchangeable Notes was a liability of $51.3 million and $41.0 million at December 31, 2014 and 2013, respectively. | |||||||||||||||||||||||||||||||||
Secured Mortgage Debt and Secured Mortgage Debt of Consolidated Entities | |||||||||||||||||||||||||||||||||
TMK bonds are a financing vehicle in Japan for special purposes companies known as TMKs. In 2013, we issued ¥10.6 billion ($106.4 million) of new TMK bonds and paid off or transferred substantially all of our outstanding TMK bonds. At December 31, 2013, we had one TMK bond outstanding for ¥1.5 billion ($14.3 million). In 2014, we issued ¥7.2 billion ($70.7 million) of new TMK bonds and paid off or transferred all of our outstanding TMK bonds. | |||||||||||||||||||||||||||||||||
In connection with the acquisitions of a controlling interest in certain of our co-investment ventures in 2014 and 2013, we assumed secured mortgage debt of $1.2 billion and $190.4 million, respectively. See Note 3 for more information on these transactions. | |||||||||||||||||||||||||||||||||
Term Loans | |||||||||||||||||||||||||||||||||
In June 2014, we terminated our existing senior term loan agreement and entered into a new agreement (the “Euro Term Loan”) under which loans can be obtained in U.S. dollars, euro, Japanese yen, and British pounds sterling in an aggregate amount not to exceed €500 million ($607.1 million at December 31, 2014). We may pay down and re-borrow under the Euro Term Loan and increase the borrowings up to €1.0 billion ($1.2 billion at December 31, 2014), subject to obtaining additional lender commitments. The interest rate on the Euro Term Loan is LIBOR plus 98 basis points and the loan is scheduled to mature in June 2017; however, we may extend the maturity date twice, by one year each, subject to the satisfaction of certain conditions and payment of an extension fee. The Euro Term Loan has borrowings of €190 million ($230.7 million) at December 31, 2014. | |||||||||||||||||||||||||||||||||
In May 2014, we entered into a Japanese yen term loan (“Yen Term Loan”), under which we may obtain loans in an aggregate amount not to exceed ¥40.9 billion ($342.1 million at December 31, 2014). We may increase the borrowings to ¥51.1 billion ($427.2 million at December 31, 2014), subject to obtaining additional lender commitments. The Yen Term Loan is scheduled to mature in 2021, and the interest rate is yen LIBOR plus 120 basis points. The Yen Term Loan was fully drawn at December 31, 2014. | |||||||||||||||||||||||||||||||||
Debt Covenants | |||||||||||||||||||||||||||||||||
We have approximately $6.5 billion of senior notes outstanding at December 31, 2014 that were issued under three separate indentures, as supplemented, and are subject to certain financial covenants. We are also subject to financial covenants under our Credit Facilities and certain secured mortgage debt. At December 31, 2014, we were in compliance with all of our debt covenants. | |||||||||||||||||||||||||||||||||
Long-Term Debt Maturities | |||||||||||||||||||||||||||||||||
Principal payments due on our debt, for each year through the period ending December 31, 2024, and thereafter were as follows at December 31, 2014 (in millions): | |||||||||||||||||||||||||||||||||
Prologis | |||||||||||||||||||||||||||||||||
Unsecured | |||||||||||||||||||||||||||||||||
Maturity | Senior | Exchangeable | Credit | Term Loans | Secured | Total | Consolidated | Total | |||||||||||||||||||||||||
Notes | Notes | Facilities | and | Mortgage | Entities’ | Consolidated | |||||||||||||||||||||||||||
Other Debt | Debt | Debt | Debt | ||||||||||||||||||||||||||||||
2015(1) | $ | - | $ | 460 | $ | - | $ | 1 | $ | 24 | $ | 485 | $ | 114 | $ | 599 | |||||||||||||||||
2016 | - | - | - | 1 | 294 | 295 | 446 | 741 | |||||||||||||||||||||||||
2017 | 377 | - | - | 232 | 156 | 765 | 206 | 971 | |||||||||||||||||||||||||
2018 | 262 | - | - | 1 | 111 | 374 | 166 | 540 | |||||||||||||||||||||||||
2019 | 693 | - | - | 1 | 285 | 979 | 1 | 980 | |||||||||||||||||||||||||
2020 | 1,096 | - | - | 1 | 6 | 1,103 | 189 | 1,292 | |||||||||||||||||||||||||
2021 | 500 | - | - | 342 | 11 | 853 | 1 | 854 | |||||||||||||||||||||||||
2022 | 850 | - | - | 1 | 7 | 858 | 1 | 859 | |||||||||||||||||||||||||
2023 | 850 | - | - | 1 | 7 | 858 | 1 | 859 | |||||||||||||||||||||||||
2024 | 850 | - | - | 1 | 129 | 980 | 1 | 981 | |||||||||||||||||||||||||
Thereafter | 607 | - | - | 7 | - | 614 | 3 | 617 | |||||||||||||||||||||||||
Subtotal | 6,085 | 460 | - | 589 | 1,030 | 8,164 | 1,129 | 9,293 | |||||||||||||||||||||||||
Unamortized (discounts) premiums, net | -8 | -3 | - | - | 20 | 9 | 78 | 87 | |||||||||||||||||||||||||
Total | $ | 6,077 | $ | 457 | $ | - | $ | 589 | $ | 1,050 | $ | 8,173 | $ | 1,207 | $ | 9,380 | |||||||||||||||||
-1 | The Exchangeable Notes are due on March 15, 2015. We will settle the exchanges in all cash, all stock or a combination of both pursuant to the applicable indenture. | ||||||||||||||||||||||||||||||||
Interest Expense | |||||||||||||||||||||||||||||||||
Interest expense from continuing operations included the following components for the years ended December 31 (in thousands): | |||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||
Gross interest expense | $ | 377,666 | $ | 471,923 | $ | 578,518 | |||||||||||||||||||||||||||
Amortization of premium, net | -21,440 | -39,015 | -36,687 | ||||||||||||||||||||||||||||||
Amortization of deferred loan costs | 14,116 | 14,374 | 16,781 | ||||||||||||||||||||||||||||||
Interest expense before capitalization | 370,342 | 447,282 | 558,612 | ||||||||||||||||||||||||||||||
Capitalized amounts | -61,457 | -67,955 | -53,397 | ||||||||||||||||||||||||||||||
Net interest expense | $ | 308,885 | $ | 379,327 | $ | 505,215 | |||||||||||||||||||||||||||
Total cash paid for interest, net of amounts capitalized | $ | 258,441 | $ | 426,528 | $ | 546,627 | |||||||||||||||||||||||||||
Early Extinguishment of Debt | |||||||||||||||||||||||||||||||||
In an effort to reduce our borrowing costs and extend our debt maturities, we repurchased certain debt, principally outstanding senior notes and secured mortgage debt, generally with proceeds from the issuance of senior notes outlined above and an equity offering in April 2013 (as described in Note 10). As a result, we may recognize a gain or loss represented by the difference between the recorded debt (net of premiums and discounts and including related debt costs) and the consideration we paid to retire the debt, including fees. | |||||||||||||||||||||||||||||||||
A summary of the activity related to the repurchase of debt and net loss on early extinguishment of debt is as follows (in millions): | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Repurchase of senior notes | $ | 1,290 | $ | 2,142 | |||||||||||||||||||||||||||||
Repurchase of secured mortgage debt | $ | 528 | $ | 1,571 | |||||||||||||||||||||||||||||
Loss on early extinguishment of debt | $ | 165 | $ | 277 | |||||||||||||||||||||||||||||
The repurchase of debt activity was not considered significant during 2012. |
Stockholders_Equity_of_Prologi
Stockholders' Equity of Prologis, Inc. | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Equity [Abstract] | |||||||||||||
Stockholders' Equity of Prologis, Inc. | 10 | Stockholders’ Equity of Prologis, Inc. | |||||||||||
Shares Authorized | |||||||||||||
At December 31, 2014, 1.1 billion shares were authorized to be issued by the Parent, of which 1.0 billion shares represent common stock. The Board may, without stockholder approval, classify or reclassify any unissued shares of our stock from time to time by setting or changing the preferences, conversion or other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms or conditions of redemption of such shares. | |||||||||||||
Common Stock | |||||||||||||
As discussed in Note 4, NBIM exercised a warrant and paid $213.8 million in exchange for six million shares of common stock. | |||||||||||||
In the fourth quarter of 2014, we issued 3.3 million shares of common stock under our at-the-market program, which generated $140.1 million in net proceeds. We had an equity distribution agreement that allowed us to sell up to $750 million aggregate gross sales proceeds of shares of common stock in this program, through two designated agents, who earn a fee of up to 2% of the gross proceeds, as agreed to on a transaction-by-transaction basis. On February 5, 2015, we entered into a new equity distribution agreement that replaced and superseded the previous agreement. The new agreement allows us to sell up to $750 million aggregate gross sales proceeds of shares of common stock in this program, through six designated agents, who earn a fee of up to 2% of the gross proceeds, as agreed to on a transaction-by-transaction basis. | |||||||||||||
On April 30, 2013, we completed a public offering of 35.65 million shares of common stock at a price of $41.60 per share, generating approximately $1.4 billion in net proceeds. | |||||||||||||
Under the 2012 Long-Term Incentive Plan (the “LTIP”), certain of our employees and outside directors are able to participate in equity-based compensation plans. Under this plan, we received gross proceeds for the issuance of common stock of $25.8 million, $22.4 million and $31.0 million, for the years ended December 31, 2014, 2013 and 2012, respectfully. See Note 13 for additional information on this plan. | |||||||||||||
Preferred Stock | |||||||||||||
At December 31, 2014 and 2013, we had one series of preferred stock outstanding, the series Q preferred stock, with a liquidation preference of $50 per share, a par value of $0.01 and a dividend rate of 8.54%, which will be redeemable at our option on or after November 13, 2026. Holders have, subject to certain conditions, limited voting rights and all holders are entitled to receive cumulative preferential dividends based upon liquidation preference. The dividends are payable quarterly in arrears on the last day of each quarter-end. Dividends are payable when, and if, they have been declared by the Board, out of funds legally available for the payment of dividends. | |||||||||||||
During the second quarter of 2014, we repurchased approximately 435 thousand shares of Series Q preferred stock and recognized a loss on preferred stock redemption of $6.5 million, which primarily represented the difference between the repurchase price and the carrying value of the preferred stock net of original issuance costs. In the second quarter of 2013, we redeemed all of the outstanding series L, M, O, P, R and S preferred stock and recognized a loss of $9.1 million in the first quarter of 2013, when we notified the holders of our intent to redeem these series of preferred stock. | |||||||||||||
Ownership Restrictions | |||||||||||||
For us to qualify as a REIT, five or fewer individuals may not own more than 50% of the value of our outstanding stock at any time during the last half of our taxable year. Therefore, our charter restricts beneficial ownership (or ownership generally attributed to a person under the REIT tax rules, by a person, or persons acting as a group, of issued and outstanding common and preferred stock that would cause that person to own or be deemed to own more than 9.8% (by value or number of shares, whichever is more restrictive) of our issued and outstanding capital stock. Further, subject to certain exceptions, no person shall at any time directly or indirectly acquire ownership of more than 25% of any of the preferred stock. These provisions assist us in protecting and preserving our REIT status and protect the interests of stockholders in takeover transactions by preventing the acquisition of a substantial block of outstanding shares of stock. | |||||||||||||
Shares of stock owned by a person or group of persons in excess of these limits are subject to redemption by us. The provision does not apply where a majority of the Board, in its sole and absolute discretion, waives such limit after determining that our status as a REIT for federal income tax purposes will not be jeopardized or the disqualification of our REIT status is advantageous to our stockholders. | |||||||||||||
Dividends | |||||||||||||
In order to comply with the REIT requirements of the Internal Revenue Code, we are generally required to make common and preferred stock dividends (other than capital gain distributions) to our stockholders in amounts that together at least equal (i) the sum of (a) 90% of our “REIT taxable income” computed without regard to the dividends paid deduction and net capital gains and (b) 90% of the net income (after tax), if any, from foreclosure property, minus (ii) certain excess non-cash income. Our common stock distribution policy is to distribute a percentage of our cash flow that ensures that we will meet the distribution requirements of the Internal Revenue Code and that allows us to also retain cash to meet other needs, such as capital improvements and other investment activities. | |||||||||||||
Our tax return for the year ended December 31, 2014 has not been filed. The taxability information presented for our dividends paid in 2014 is based upon management’s estimate. Our tax returns for open tax years have not been examined by the Internal Revenue Service, other than those discussed in Note 15. Consequently, the taxability of dividends is subject to change. | |||||||||||||
In 2014, 2013 and 2012, we paid all of our dividends in cash. The following summarizes the taxability of our common and preferred stock dividends for the years ended December 31: | |||||||||||||
2014 (1)(2) | 2013 | 2012 | |||||||||||
Common Stock: | |||||||||||||
Ordinary income | $ | 0.29 | $ | - | $ | 0.38 | |||||||
Qualified dividend | 0.41 | - | 0.2 | ||||||||||
Capital gains | 0.62 | 1.12 | 0.54 | ||||||||||
Total distribution | $ | 1.32 | $ | 1.12 | $ | 1.12 | |||||||
Preferred Stock - Series L (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.55 | |||||||
Qualified dividend | - - | - | 0.28 | ||||||||||
Capital gains | - - | 0.41 | 0.8 | ||||||||||
Total dividend | $ | - - | $ | 0.41 | $ | 1.63 | |||||||
Preferred Stock - Series M, R and S (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.57 | |||||||
Qualified dividend | - - | - | 0.3 | ||||||||||
Capital gains | - - | 0.42 | 0.82 | ||||||||||
Total dividend | $ | - - | $ | 0.42 | $ | 1.69 | |||||||
Preferred Stock - Series O (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.59 | |||||||
Qualified dividend | - - | - | 0.31 | ||||||||||
Capital gains | - - | 0.44 | 0.85 | ||||||||||
Total dividend | $ | - - | $ | 0.44 | $ | 1.75 | |||||||
Preferred Stock - Series P (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.58 | |||||||
Qualified dividend | - - | - | 0.3 | ||||||||||
Capital gains | - - | 0.43 | 0.83 | ||||||||||
Total dividend | $ | - - | $ | 0.43 | $ | 1.71 | |||||||
Preferred Stock - Series Q: | |||||||||||||
Ordinary income | $ | 0.71 | $ | - | $ | 1.44 | |||||||
Qualified dividend | 1.01 | - | 0.75 | ||||||||||
Capital gains | 2.55 | 4.27 | 2.08 | ||||||||||
Total dividend | $ | 4.27 | $ | 4.27 | $ | 4.27 | |||||||
-1 | Items indicated by ‘- - ‘ are not applicable. | ||||||||||||
-2 | Taxability for 2014 is estimated. | ||||||||||||
-3 | As discussed above, in April 2013, we redeemed all of the outstanding series L, M, O, P, R and S preferred stock. | ||||||||||||
Common stock dividends are characterized for federal income tax purposes as ordinary income, qualified dividend, capital gains, non-taxable return of capital or a combination of the four. Common stock dividends that exceed our current and accumulated earnings and profits (calculated for tax purposes) constitute a return of capital rather than a dividend and generally reduce the stockholder’s basis in the common stock. To the extent that a dividend exceeds both current and accumulated earnings and profits and the stockholder’s basis in the common stock, it will generally be treated as a gain from the sale or exchange of that stockholder’s common stock. At the beginning of each year, we notify our stockholders of the taxability of the common stock dividends paid during the preceding year. | |||||||||||||
Pursuant to the terms of our preferred stock, we are restricted from declaring or paying any dividend with respect to our common stock unless and until all cumulative dividends with respect to the preferred stock have been paid and sufficient funds have been set aside for dividends that have been declared for the relevant dividend period with respect to the preferred stock. |
Partners_Capital_of_Prologis_L
Partners' Capital of Prologis, L.P. | 12 Months Ended | |
Dec. 31, 2014 | ||
Text Block [Abstract] | ||
Partners' Capital of Prologis, L.P. | 11 | Partners’ Capital of Prologis, L.P. |
Distributions paid to the common limited partnership units and the taxability of the distributions are similar to the Parent’s common stock disclosed above. |
Noncontrolling_Interests
Noncontrolling Interests | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||
Noncontrolling Interest [Abstract] | |||||||||||||||||||||||||||||||||
Noncontrolling Interests | 12 | Noncontrolling Interests | |||||||||||||||||||||||||||||||
Prologis, L.P. | |||||||||||||||||||||||||||||||||
We report noncontrolling interests related to several entities we consolidate but of which we do not own 100% of the common equity. These entities include two real estate partnerships that have issued limited partnership units to third parties. Depending on the specific partnership agreements, these limited partnership units are exchangeable into shares of the Parent’s common stock (or cash), generally at a rate of one share of common stock to one unit. We evaluated the noncontrolling interests with redemption provisions that permit the issuer to settle in either cash or common stock at the option of the issuer to determine whether temporary or permanent equity classification on the balance sheet is appropriate, including the requirement to settle in unregistered shares, and determined that these units meet the requirements to qualify for presentation as permanent equity. We also consolidate several entities in which we do not own 100% of the equity and the units of the entity are not exchangeable into our common stock. | |||||||||||||||||||||||||||||||||
As discussed in Note 3, we began consolidating the co-investment venture NAIF in October 2014. | |||||||||||||||||||||||||||||||||
In the first quarter of 2014, we formed a new U.S. co-investment venture, Prologis U.S. Logistics Venture, in which we hold a 55% equity ownership interest and have one partner. The venture is consolidated due to the structure and voting rights of the venture. At closing, the venture acquired from us a portfolio of 66 operating properties aggregating 12.8 million square feet for an aggregate purchase price of $1.0 billion. | |||||||||||||||||||||||||||||||||
In the second quarter of 2013, we acquired our partners’ interest in Prologis Institutional Alliance Fund II (“Fund II”), a consolidated co-investment venture. In connection with this transaction, we paid $245.8 million and issued approximately 805,000 limited partnership units worth $31.3 million in one of our limited partnerships based primarily on appraised values of the properties. These units are exchangeable into cash or an equal number of shares of our common stock, at our option. | |||||||||||||||||||||||||||||||||
In the second quarter of 2013, we earned a promote from Fund II, of $18.8 million from the fund, which was based on the venture’s cumulative returns of the investors over the life of the venture. Of that amount, $13.5 million represented the third-party investors’ portion and is reflected as a component of Noncontrolling Interest in the Consolidated Statements of Operations. | |||||||||||||||||||||||||||||||||
Prologis, Inc. | |||||||||||||||||||||||||||||||||
The noncontrolling interest of the Parent includes the noncontrolling interests presented in the Operating Partnership, as well as the common limited partnership units in the Operating Partnership that are not owned by the Parent. | |||||||||||||||||||||||||||||||||
During 2013, net earnings attributable to noncontrolling interests was $10.1 million, of which $0.5 million was a loss from continuing operations and $10.6 million was income from discontinued operations. Amounts allocated to discontinued operations for 2012 were not considered significant. | |||||||||||||||||||||||||||||||||
The following is a summary of the noncontrolling interest and the consolidated entity’s total investment in real estate and debt at December 31 (dollars and units in thousands): | |||||||||||||||||||||||||||||||||
Our | Noncontrolling Interest | Total Investment In Real | Debt | ||||||||||||||||||||||||||||||
Ownership | Estate | ||||||||||||||||||||||||||||||||
Percentage | |||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Partnerships with exchangeable units (1) | various | various | $ | 70,716 | $ | 75,532 | $ | 711,310 | $ | 783,052 | $ | - | $ | - | |||||||||||||||||||
Prologis North American Industrial Fund | 66.10% | N/A | 544,718 | - | 2,771,299 | - | 1,188,836 | - | |||||||||||||||||||||||||
Prologis U.S. Logistics Venture | 55.00% | N/A | 427,307 | - | 1,006,183 | - | - | - | |||||||||||||||||||||||||
Brazil Fund (2) | 50.00% | 50.00% | 68,533 | 65,006 | - | - | - | - | |||||||||||||||||||||||||
Mexico Fondo Logistico (AFORES) (3) | 20.00% | 20.00% | 17,122 | 220,292 | - | 457,006 | - | 191,866 | |||||||||||||||||||||||||
Other consolidated entities | various | various | 31,505 | 56,256 | 307,686 | 370,933 | 18,269 | 48,126 | |||||||||||||||||||||||||
Prologis, L.P. noncontrolling interests | 1,159,901 | 417,086 | 4,796,478 | 1,610,991 | 1,207,105 | 239,992 | |||||||||||||||||||||||||||
Limited partners in Prologis, L.P. (4) | 48,189 | 48,209 | - | - | - | - | |||||||||||||||||||||||||||
Prologis, Inc. noncontrolling interests | $ | 1,208,090 | $ | 465,295 | $ | 4,796,478 | $ | 1,610,991 | $ | 1,207,105 | $ | 239,992 | |||||||||||||||||||||
-1 | At December 31, 2014 and 2013, there were limited partnership units that were exchangeable into cash or, at our option, 1,887 and 1,949 shares, respectively, of the Parent’s common stock. In 2014, 62 limited partnership units were redeemed for cash of $2.5 million. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly dividends paid on our common stock pursuant to the terms of the applicable partnership agreements. | ||||||||||||||||||||||||||||||||
-2 | We have a 50% ownership interest in and consolidate the Brazil Fund. The Brazil Fund’s assets are primarily investments in unconsolidated entities of $152.0 million at December 31, 2014. For additional information on our unconsolidated investments, see Note 5. | ||||||||||||||||||||||||||||||||
-3 | In 2014, AFORES contributed its remaining operating properties and the balance of its secured debt to FIBRA Prologis in two separate transactions. The difference between the amount received and the noncontrolling interest balance related to the properties contributed was $34.6 million, and was adjusted through equity with no gain or loss recognized. See Notes 4 and 5 for more information on these transactions. | ||||||||||||||||||||||||||||||||
-4 | At December 31, 2014 and 2013, there were limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 1,767 shares of the Parent’s common stock. In 2014, no limited partnership units were redeemed for cash or the Parent’s common stock. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly distributions paid on our common stock pursuant to the terms of the partnership agreement. |
LongTerm_Compensation
Long-Term Compensation | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||
Long-Term Compensation | 13 | Long-Term Compensation | |||||||||||
In May 2012, stockholders approved the 2012 LTIP. All outstanding awards granted under the previous plans remain outstanding in accordance with their terms. The 2012 LTIP provides for grants of awards to officers, directors, employees, and consultants of the Parent or its subsidiaries. Awards can be in the form of stock options (non-qualified options and incentive stock options), stock appreciation rights and full value awards (restricted stock, restricted stock units (“RSUs”) and performance-based shares, restricted Operating Partnership units (“LTIP Units”) and cash incentive awards). No participant can be granted more than 1.5 million awards under the 2012 LTIP in any one calendar year. Awards may be made under the 2012 LTIP until it is terminated by the Board or until the ten-year anniversary of the effective date of the plan. We began granting awards in the form of LTIP Units during 2014. An LTIP Unit represents a partnership interest in the Operating Partnership. After vesting and the satisfaction of certain conditions, an LTIP Unit may be exchangeable for a common unit in the Operating Partnership and then redeemable for a share of common stock. | |||||||||||||
We have 27.2 million shares reserved for issuance, of which 23.1 million shares of common stock were available for future issuance at December 31, 2014. Each LTIP Unit counts as one share of common stock for purposes of calculating the limit on shares that may be issued. | |||||||||||||
Out-Performance Plan (“OPP”) | |||||||||||||
We grant awards in the form of points under our OPP corresponding to three-year performance periods. The fair value of the awards are measured at the grant date and amortized over the performance period. OPP awards are earned to the extent our total stockholder return (“TSR”) for the performance period exceeds the TSR for the MSCI US REIT Index for the same period plus 100 basis points. If this outperformance hurdle is met, the compensation pool is equal to 3% of the excess value created, subject to a maximum of the greater of $75 million or 0.5% of our equity market capitalization at the start of the performance period. Each participant is allocated a percentage of the total compensation pool. Awards earned at the end of the performance period cannot be paid to participants unless our absolute TSR, as defined in the plan, is positive for the performance period. If we outperform the TSR for the MSCI US REIT Index plus 100 basis points, but the absolute TSR is not positive, payment will be delayed until such time as our absolute TSR becomes positive. If after seven years our absolute TSR has not become positive, the awards will be forfeited. | |||||||||||||
We used the Monte Carlo valuation model to value the points granted in 2014, 2013 and 2012. The points relate to a three-year performance period that begins on January 1 of the year granted. If the performance criteria are met, the participants’ points will be paid in the form of common stock or LTIP Units. In 2014, we gave certain participants the election to choose the form of payment of awards earned, if any, in common stock of the Parent or a special OPP type of LTIP Units (the “OPP LTIP Units”) that represents restricted operating partnership units in the Operating Partnership. For future performance periods, a participant may elect to receive common stock in the event that the performance criteria under the OPP are met or OPP LTIP Units upon the award of participation points. If the performance criteria are not met, the participation points and the OPP LTIP Units will be forfeited. At December 31, 2014, all awards are equity classified. | |||||||||||||
The 2012 grant was originally liability classified as the payment was expected to be in cash and the fair value was re-measured on a quarterly basis and the expense was adjusted. On May 1, 2013, the compensation committee of the Board approved a modification of the settlement terms for the awards to be paid in shares of common stock. The award was reclassified from liability to equity based on the fair value at the date of modification date. At December 31, 2014, the performance criteria were not met for the 2012 grant, and, therefore, no awards were earned and the points and OPP LTIP Units for the 2012-2014 performance period were forfeited. | |||||||||||||
The following table details the assumptions of each grant based on the year it was granted (dollars in thousands): | |||||||||||||
2014 | 2013 | 2012 (1) | |||||||||||
Risk free interest rate | 0.67% | 0.39% | 0.17% | ||||||||||
Expected volatility | 38% | 38% | 23% | ||||||||||
Aggregate fair value | $ | 23,100 | $ | 23,900 | $ | 36,100 | |||||||
-1 | These assumptions are based on the date the grant was modified in 2013. | ||||||||||||
Prologis Promote Plan (“PPP”) | |||||||||||||
Under the PPP, we established a compensation pool equal to 40% of the aggregate promotes earned by Prologis under agreements with our co-investment ventures, representing the third-party portion. The awards may be settled in cash or RSUs and, as of August 2014, participants may elect to receive LTIP Units in lieu of RSUs. The RSUs and LTIP Units have a three-year vesting period. At the beginning of each year, each participant is allocated a percentage of the total compensation pool for each applicable new co-investment venture. | |||||||||||||
A compensation pool was funded in August 2014 and 2013 associated with promotes earned from two of our co-investment ventures, as discussed in Note 5. The total value of the awards in the third quarter of 2014 was $11.3 million, of which $4.2 million was paid in cash, approximately 57,000 RSUs were issued with a grant date fair value of $2.4 million and approximately 113,000 LTIP Units were issued with a grant date fair value of $4.7 million. The total value of the awards issued in the third quarter of 2013 was $5.3 million, of which $2.7 million was paid in cash and approximately 69,000 RSUs were issued with a grant date fair value of $2.6 million. | |||||||||||||
We record an accrual for the estimated cash portion of the PPP at the same time the revenue is recognized. | |||||||||||||
Restricted Stock Units (“RSUs”) | |||||||||||||
In addition to the RSU’s granted under the OPP and PPP, we grant RSUs to certain employees, generally on an annual basis. Each award represents one share of common stock of the Parent and generally vests over a continued service period. The RSUs earn cash dividends during the vesting period and are, therefore, considered participating securities. We charge the value of the dividend to retained earnings. The fair value of the RSU is generally based on the market price of the Parent’s common stock on the date the award is granted and is charged to compensation expense during the vesting period, which is generally three years. | |||||||||||||
The activity for the year ended December 31, 2014 with respect to our RSUs was as follows (awards in thousands): | |||||||||||||
Number of | Weighted Average | Number of | |||||||||||
Unvested RSUs | Grant-Date Fair Value | Awards Vested | |||||||||||
Balance at January 1, 2014 | 2,266 | $ | 36.82 | 79 | |||||||||
Granted | 1,329 | 40.85 | |||||||||||
Vested and distributed | -1,019 | 35.7 | |||||||||||
Forfeited | -55 | 38.2 | |||||||||||
Balance at December 31, 2014 | 2,521 | $ | 39.38 | 106 | |||||||||
Total remaining compensation cost related to RSUs outstanding at December 31, 2014 was $52.4 million, prior to adjustments for capitalized amounts due to our development and leasing activities. The remaining compensation cost will be recognized through 2018, with a weighted average period of 1.4 years. | |||||||||||||
Restricted Operating Partnership Units (“LTIP Units”) | |||||||||||||
LTIP Units are valued based on the market price of the Parent’s common stock on the date the award is granted and generally vest ratably over three years. Distributions are paid with respect to the LTIP Units during the vesting period and, therefore, such LTIP Units are considered participating securities. OPP LTIP Units are paid distributions during the performance period equal to one tenth of a common stock dividend and may not be exchanged for a common unit in the Operating Partnership until earned and certain conditions are met. OPP LTIP units are therefore not considered a participating security. The value of the distribution is charged to Net Income Attributable to Noncontrolling Interest in the Operating Partnership in the Consolidated Statements of Operations. | |||||||||||||
The activity for the year ended December 31, 2014 with respect to the LTIP Units issued under the PPP (as explained above) was as follows (units in thousands): | |||||||||||||
Number of | Weighted Average | ||||||||||||
Unvested LTIP Units | Grant-Date Fair Value | ||||||||||||
Balance at January 1, 2014 | - | $ | - | ||||||||||
Granted | 113 | 41.43 | |||||||||||
Vested and distributed | - | - | |||||||||||
Forfeited | - | - | |||||||||||
Balance at December 31, 2014 | 113 | $ | 41.43 | ||||||||||
Total remaining compensation cost related to LTIP Units at December 31, 2014 was $4.2 million, prior to adjustments for capitalized amounts due to our development and leasing activities. The remaining compensation cost will be recognized through 2017, with a weighted average period of 1.9 years. | |||||||||||||
During 2014, certain participants of the 2012 LTIP were offered the election to exchange outstanding but unvested full value awards for LTIP Units, which exchange was completed in January 2015. In addition, in 2014, certain participants were offered an election to receive grants of LTIP Units in lieu of future grants of RSUs under the 2012 LTIP and PPP. The LTIP Units issued pursuant to such elections will have the same vesting period and grant date fair value as the RSUs issuable under such awards. | |||||||||||||
In December 2014, participants in the OPP were offered the election to exchange their previously granted participation points into OPP LTIP Units. In such election, participation points were exchanged into 2.8 million OPP LTIP Units with respect to the 2012-2014, 2013-2015 and 2014-2016 performance periods. The performance criteria for the 2012-2014 performance period was not met. As a result, no OPP awards for the 2012-2014 performance period were earned and, in January 2015, all OPP LTIP Units that were associated 2012-2014 performance period were forfeited with no impact in 2014. | |||||||||||||
Stock Options | |||||||||||||
We have 5.3 million stock options outstanding and exercisable at December 31, 2014 with a weighted average exercise price of $34.80 and a weighted average life of 3.8 years. The aggregate intrinsic value of exercised options was $5.8 million, $9.6 million, and $21.3 million for the years ended December 31, 2014, 2013 and 2012, respectively. No stock options were granted in the three-year period ended December 31, 2014. | |||||||||||||
Other Plans | |||||||||||||
The Prologis 401(k) Plan ( the “401(k) Plan”) provides for matching employer contributions of 50 cents for every dollar contributed by an employee, up to 6% of the employee’s annual compensation (within the statutory compensation limit). In the 401(k) Plan, vesting in the matching employer contributions is based on the employee’s years of service, with 100% vesting at the completion of one year of service. Our contributions under the matching provisions were $2.2 million, $2.1 million and $1.8 million for 2014, 2013 and 2012, respectively. | |||||||||||||
We have a non-qualified savings plan that allows highly compensated employees the opportunity to defer the receipt and income taxation of a certain portion of their compensation in excess of the amount permitted under the 401(k) Plan. There has been no employer matching in the three-year period ended December 31, 2014. |
Merger_Acquisition_and_Other_I
Merger, Acquisition and Other Integration Expenses | 12 Months Ended | |
Dec. 31, 2014 | ||
Business Combinations [Abstract] | ||
Merger, Acquisition and Other Integration Expenses | 14 | Merger, Acquisition and Other Integration Expenses |
In 2011, AMB Property Corporation (“AMB”) completed a merger (the “Merger”) with ProLogis. In the Merger, AMB was the legal acquirer and ProLogis was the accounting acquirer. Following the Merger, AMB changed its name to Prologis. | ||
In 2012, we incurred $80.7 million of costs related principally to severance in connection with the Merger; non-capitalizable system implementation; additional costs due to the liquidation of an unconsolidated co-investment venture we acquired in 2011 and severance and costs due to organizational changes in Europe to centralize finance activities and gain efficiencies. |
Impairment_Charges
Impairment Charges | 12 Months Ended | |
Dec. 31, 2014 | ||
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Impairment Charges | 15 | Impairment Charges |
Real Estate Properties | ||
We recorded no impairment charges during 2014 or 2013. During the year ended December 31, 2012, we recognized impairment charges related to certain of our real estate properties totaling $283.5 million. | ||
Land | ||
In 2012, we recognized impairment charges of $77.5 million on land parcels located in Central and Eastern Europe. This impairment was based on a review that resulted in a change in our intent from develop and hold to sell for certain land parcels. We based the fair value of the land parcels on internal valuations, which were corroborated primarily from brokers’ opinion of value and comparable land sales, if available. We also recorded impairment charges of $11.4 million in 2012 on land parcels that we expected to sell as the carrying value exceeded the fair value at that time. We based the fair value of the land on purchase and sale agreements. | ||
Operating Properties | ||
In the fourth quarter of 2012, we announced the signing of a definitive agreement for the formation of a new fund in Europe, PELP. Based on this agreement, we assessed the recoverability of the portfolio of assets we expected to contribute to PELP by comparing the total expected proceeds to the carrying value of the portfolio of assets at December 31, 2012. As a result, we recorded impairment charges of $135.3 million in continuing operations. | ||
During 2012, we also recorded impairment charges for properties we expected to sell to third parties or contribute to co-investment ventures of $30.6 million in discontinued operations and $28.7 million in continuing operations, respectively. We calculated the impairment charges based on the carrying values of those assets compared to the fair value, which was primarily based upon letters of intent, purchase and sale agreements and third-party appraisals. | ||
Other Assets | ||
In 2012, we recorded an impairment charge of $16.1 million on land that was received in exchange for a note receivable from an entity in Europe that went into administration in 2011. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||||||
Income Taxes | 16 | Income Taxes | |||||||||||||||||||
Components of Earnings (Loss) before Income Taxes | |||||||||||||||||||||
Components of earnings (loss) before income taxes for the years ended December 31 were as follows (in thousands): | |||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Domestic | $ | 390,874 | $ | -404,910 | $ | -65,566 | |||||||||||||||
International | 322,754 | 741,172 | -37,251 | ||||||||||||||||||
Earnings (loss) before income taxes | $ | 713,628 | $ | 336,262 | $ | (102,817) | |||||||||||||||
Summary of Current and Deferred Income Taxes | |||||||||||||||||||||
Components of the provision for income taxes for the years ended December 31 were as follows (in thousands): | |||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Current income tax expense (benefit): | |||||||||||||||||||||
United States federal | $ | -6,585 | $ | 20,009 | $ | -27,897 | |||||||||||||||
International | 52,155 | 99,478 | 46,294 | ||||||||||||||||||
State and local | 16,014 | 8,501 | 7,383 | ||||||||||||||||||
Total current tax expense | 61,584 | 127,988 | 25,780 | ||||||||||||||||||
Deferred income tax expense (benefit): | |||||||||||||||||||||
United States federal | -27,374 | -1,133 | 152 | ||||||||||||||||||
International | -59,866 | -18,934 | -22,119 | ||||||||||||||||||
Total deferred tax benefit | -87,240 | -20,067 | -21,967 | ||||||||||||||||||
Total income tax expense (benefit), included in continuing and discontinued operations | $ | -25,656 | $ | 107,921 | $ | 3,813 | |||||||||||||||
Current Income Taxes | |||||||||||||||||||||
Current income tax expense generally consists of federal income tax from our taxable REIT subsidiaries (“TRSs”), state and local income taxes and taxes incurred in foreign jurisdictions. Current income tax expense recognized during 2014 is principally due to tax triggered upon the contribution of the initial portfolio of properties by certain wholly-owned and AFORES entities to FIBRA Prologis, as the transaction was structured as an asset sale for Mexican tax purposes. The tax expense was netted against a current benefit recognized during 2014 from the operating losses generated by our United States TRS. Current tax expense in 2013 was due to the net tax expense recognized on the initial contribution of properties to PELP and NPR that were previously held in certain foreign jurisdictions and United States TRSs. | |||||||||||||||||||||
For the years ended December 31, 2014, 2013 and 2012, we recognized a net benefit for uncertain tax positions of $1.1 million, $1.8 million and $28.5 million, respectively. The benefit that was recognized in all years relates to the reversal of certain expenses due to the expiration of the statute of limitations and settlements with the taxing authorities. | |||||||||||||||||||||
During the years ended December 31, 2014, 2013 and 2012, cash paid for income taxes, net of refunds, was $105.4 million, $99.5 million and $38.4 million, respectively. | |||||||||||||||||||||
Deferred Income Taxes | |||||||||||||||||||||
Deferred income tax expense (benefit) is generally a function of the period’s temporary differences (principally basis differences between tax and financial reporting for real estate assets and equity investments) and generation of tax net operating losses that may be realized in future periods depending on sufficient taxable income. | |||||||||||||||||||||
Deferred income tax assets and liabilities at December 31 were as follows (in thousands): | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Gross deferred income tax assets: | |||||||||||||||||||||
Net operating loss carryforwards (1) | $ | 346,978 | $ | 391,764 | |||||||||||||||||
Basis difference - real estate properties | 105,205 | 133,767 | |||||||||||||||||||
Basis difference - equity investments | 12,401 | 9,238 | |||||||||||||||||||
Basis difference - intangibles | 5,952 | 8,113 | |||||||||||||||||||
Section 163(j) interest limitation | 32,703 | 33,224 | |||||||||||||||||||
Capital loss carryforward | 25,282 | 32,054 | |||||||||||||||||||
Other - temporary differences | 10,701 | 20,124 | |||||||||||||||||||
Total gross deferred income tax assets | 539,222 | 628,284 | |||||||||||||||||||
Valuation allowance | -518,241 | -583,675 | |||||||||||||||||||
Gross deferred income tax assets, net of valuation allowance | 20,981 | 44,609 | |||||||||||||||||||
Gross deferred income tax liabilities: | |||||||||||||||||||||
Basis difference - real estate properties | 89,998 | 167,951 | |||||||||||||||||||
Built-in-gains - equity investments and real estate properties | - | 27,116 | |||||||||||||||||||
Basis difference- intangibles | 7,324 | 8,823 | |||||||||||||||||||
Other - temporary differences | 716 | 5,269 | |||||||||||||||||||
Total gross deferred income tax liabilities | 98,038 | 209,159 | |||||||||||||||||||
Net deferred income tax liabilities | $ | 77,057 | $ | 164,550 | |||||||||||||||||
-1 | At December 31, 2014, we had net operating loss (“NOL”) carryforwards as follows (in millions): | ||||||||||||||||||||
U.S. | Europe | Mexico | Japan | Other | |||||||||||||||||
Gross NOL carryforward | $ | 92 | $ | 747 | $ | 246 | $ | 132 | $ | 67 | |||||||||||
Tax-effected NOL carryforward | 35 | 197 | 74 | 25 | 16 | ||||||||||||||||
Valuation allowance | -35 | -188 | -74 | -25 | -16 | ||||||||||||||||
Net deferred tax asset-NOL carryforward | $ | - | $ | 9 | $ | - | $ | - | $ | - | |||||||||||
Expiration periods | 2022-2033 | 2015-indefinite | 2015-2025 | 2015-2023 | 2015-indefinite | ||||||||||||||||
The decrease in deferred income tax liabilities during 2014 is principally due to the reversal of deferred tax liabilities of $62.8 million in connection with the initial contribution of properties to FIBRA Prologis in June 2014, as discussed above, and $27.1 million due to the expiration of the holding period on properties previously acquired with existing built-in-gains. These decreases were partially offset by the reversal of deferred tax liabilities in 2013 related to the contribution of properties to PELP. | |||||||||||||||||||||
In addition, we utilized net operating losses (“NOLs”), for which we had previously recorded a valuation allowance against, of $37.6 million which were generated in prior years to offset current income tax expense which was triggered as part of the FIBRA transaction. | |||||||||||||||||||||
We record a valuation allowance against deferred tax assets in certain jurisdictions when we cannot sustain a conclusion that it is more likely than not that we can realize the deferred tax assets and NOL carryforwards during the periods in which these temporary differences become deductible. The deferred tax asset valuation allowance is adequate to reduce the total deferred tax asset to an amount that we estimate will “more-likely-than-not” be realized. | |||||||||||||||||||||
Liability for Uncertain Tax Positions | |||||||||||||||||||||
During the years ended December 31, 2014, 2013 and 2012, we believe that we have complied with the REIT requirements of the Internal Revenue Code. The statute of limitations for our tax returns is generally three years. As such, our tax returns that remain subject to examination would be primarily from 2011 and thereafter. | |||||||||||||||||||||
The liability for uncertain tax positions principally consisted of estimated federal income tax liabilities and included accrued interest and penalties of $0.3 million and $0.9 million at December 31, 2014 and 2013, respectively. A reconciliation of the liability for uncertain tax positions for the years ended December 31 was as follows (in thousands): | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Balance at January 1 | $ | 1,318 | $ | 7,943 | |||||||||||||||||
Additions for tax positions taken during a prior year | 256 | 405 | |||||||||||||||||||
Settlements with taxing authorities | - | (7,030) | |||||||||||||||||||
Reductions due to lapse of applicable statute of limitations | -1,318 | - | |||||||||||||||||||
Balance at December 31 | $ | 256 | $ | 1,318 | |||||||||||||||||
Earnings_Loss_Per_Common_Share
Earnings / Loss Per Common Share / Unit | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Earnings Per Share [Abstract] | |||||||||||||
Earnings / Loss Per Common Share / Unit | 17 | Earnings / Loss Per Common Share / Unit | |||||||||||
We determine basic earnings per share/unit based on the weighted average number of shares of common stock/units outstanding during the period. We compute diluted earnings per share/unit based on the weighted average number of shares outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments. | |||||||||||||
The following table sets forth the computation of our basic and diluted earnings per share/unit for the years ended December 31 (in thousands, except per share/unit amounts): | |||||||||||||
Prologis, Inc. | 2014 | 2013 | 2012 | ||||||||||
Net earnings (loss) attributable to common stockholders | $ | 622,235 | $ | 315,422 | $ | -80,946 | |||||||
Noncontrolling interest attributable to exchangeable limited partnership units | 3,636 | 1,305 | -162 | ||||||||||
Adjusted net earnings (loss) attributable to common stockholders | $ | 625,871 | $ | 316,727 | $ | (81,108) | |||||||
Weighted average common shares outstanding - Basic (1) | 499,583 | 486,076 | 459,895 | ||||||||||
Incremental weighted average effect on exchange of limited partnership units (2) | 3,501 | 2,060 | 1,953 | ||||||||||
Incremental weighted average effect of equity awards and warrants | 3,307 | 3,410 | - | ||||||||||
Weighted average common shares outstanding - Diluted (3) | 506,391 | 491,546 | 461,848 | ||||||||||
Net earnings (loss) per share attributable to common stockholders - | |||||||||||||
Basic | $ | 1.25 | $ | 0.65 | $ | -0.18 | |||||||
Diluted | $ | 1.24 | $ | 0.64 | $ | -0.18 | |||||||
Prologis, L.P. | 2014 | 2013 | 2012 | ||||||||||
Net earnings (loss) attributable to common unitholders | $ | 624,436 | $ | 316,630 | $ | -81,108 | |||||||
Noncontrolling interest attributable to exchangeable limited partnership units | 1,435 | 97 | - | ||||||||||
Adjusted net earnings (loss) attributable to common unitholders | $ | 625,871 | $ | 316,727 | $ | -81,108 | |||||||
Weighted average common partnership units outstanding - Basic (1) | 501,349 | 487,936 | 461,848 | ||||||||||
Incremental weighted average effect on exchange of limited partnership units | 1,735 | 200 | - | ||||||||||
Incremental weighted average effect of equity awards and warrants of Prologis, Inc. | 3,307 | 3,410 | - | ||||||||||
Weighted average common partnership units outstanding - Diluted (3) | 506,391 | 491,546 | 461,848 | ||||||||||
Net earnings (loss) per unit attributable to common unitholders - | |||||||||||||
Basic | $ | 1.25 | $ | 0.65 | $ | -0.18 | |||||||
Diluted | $ | 1.24 | $ | 0.64 | $ | -0.18 | |||||||
-1 | The increase in shares/units between the periods is primarily due to equity offering in April 2013. | ||||||||||||
-2 | Income (loss) allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods since the per share/unit amount is the same. The incremental weighted average exchangeable Operating Partnership units (in thousands) were 1,767, 1,860 and 1,953 for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||||||||||
-3 | Total weighted average potentially dilutive stock awards and warrant outstanding (in thousands) were 14,366, 13,998, and 9,805 for the years ended December 31, 2014, 2013 and 2012, respectively. Total weighted average potentially dilutive shares/units from exchangeable debt outstanding (in thousands) were 11,879 for all periods presented. Total weighted average potentially dilutive limited partnership units outstanding (in thousands) were 1,932, 1,558, and 1,284 for the years ended December 31, 2014, 2013 and 2012, respectively. |
Financial_Instruments_and_Fair
Financial Instruments and Fair Value Measurements | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||
Financial Instruments and Fair Value Measurements | 18 | Financial Instruments and Fair Value Measurements | |||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | |||||||||||||||||||||||||||||||||||||
In the normal course of business, our operations are exposed to global market risks, including the effect of changes in foreign currency exchange rates and interest rates. To manage these risks, we may enter into various derivative contracts, such as foreign currency contracts to manage foreign currency exposure, and interest rate swaps to manage the effect of interest rate fluctuations. We do not use derivative financial instruments for trading or speculative purposes. All of our derivative financial instruments are customized derivative transactions and are not exchange-traded. Management reviews our hedging program, derivative positions, and overall risk management strategy on a regular basis. We only enter into transactions that we believe will be highly effective at offsetting the underlying risk. | |||||||||||||||||||||||||||||||||||||
Our use of derivatives involves the risk that counterparties may default on a derivative contract. We establish exposure limits for each counterparty to minimize this risk and provide counterparty diversification. Substantially all of our derivative exposures are with counterparties that have long-term credit ratings of single-A or better. We enter into master agreements with counterparties that generally allow for netting of certain exposures; thereby significantly reducing the actual loss that would be incurred should a counterparty fail to perform its contractual obligations. To mitigate pre-settlement risk, minimum credit standards become more stringent as the duration of the derivative financial instrument increases. Based on these factors, we consider the risk of counterparty default to be minimal. | |||||||||||||||||||||||||||||||||||||
We recognize all derivatives at fair value in the Consolidated Balance Sheets within the line items Other Assets or Other Liabilities, as applicable. We do not net our derivative position by counterparty for purposes of balance sheet presentation and disclosure. Derivatives can be designated as fair value hedges, cash flow hedges or hedges of net investments in foreign operations. The accounting for gains and losses that result from changes in the fair values of derivative instruments depends on whether the derivatives are designated as, and qualify as, hedging instruments. | |||||||||||||||||||||||||||||||||||||
For derivatives that will be accounted for as hedging instruments, at inception of the transaction, we formally designate and document the financial instrument as a hedge of a specific underlying exposure, the risk management objective and the strategy for undertaking the hedge transaction. In addition, we formally assess both at inception and at least quarterly thereafter, whether the derivatives used in hedging transactions are effective at offsetting changes in either the fair values or cash flows of the related underlying exposures. The ineffective portion of a derivative financial instrument’s change in fair value, if any, is immediately recognized in earnings. We also use derivatives that are not designated as hedges (and may not meet the hedge accounting requirements) to manage our exposure to foreign currency fluctuations. | |||||||||||||||||||||||||||||||||||||
Changes in the fair value of derivatives that are designated and qualify as cash flow hedges and hedges of net investments in foreign operations are recorded in AOCI in the Consolidated Balance Sheets. Due to the high degree of effectiveness between the hedging instruments and the underlying exposures hedged, fluctuations in the value of the derivative instruments will generally be offset by changes in the fair values or cash flows of the underlying exposures being hedged. The changes in fair values of derivatives that were not designated and/or did not qualify as hedging instruments are immediately recognized in earnings. For cash flow hedges, we reclassify changes in the fair value of derivatives into the applicable line item in the Consolidated Statements of Operations in which the hedged items are recorded in the same period that the underlying hedged items affect earnings. | |||||||||||||||||||||||||||||||||||||
Our co-investment ventures may also enter into derivative contracts. As we act as the manager of these ventures, these ventures primarily follow the same hedging strategy and risk mitigation that we use. For our consolidated co-investment ventures, the accounting treatment is as described in this footnote. For our unconsolidated co-investment ventures, we record our proportionate share of any earnings impact in Earnings from Unconsolidated Entities, Net in the Consolidated Statements of Operations. In addition, for derivatives in our unconsolidated ventures that have been designated and qualify as hedging instruments, we record our proportionate share of the effective gain or loss as a component of AOCI in the Consolidated Balance Sheets. In both circumstances, we record the offsetting amount as Investments in and Advances to Unconsolidated Entities in the Consolidated Balance Sheets. | |||||||||||||||||||||||||||||||||||||
Foreign Currency | |||||||||||||||||||||||||||||||||||||
We primarily manage our foreign currency exposure by borrowing in the currencies in which we invest. In certain circumstances, we may also borrow debt in a currency that is not the same functional currency of the borrowing entity to offset the translation and economic exposures related to our net investment in international subsidiaries. To mitigate the impact to our earnings from the fluctuations in exchange rates, we may designate the debt as a non-derivative financial instrument hedge. We also hedge our investments in certain international subsidiaries using foreign currency derivative contracts (net investment hedges) to offset the translation and economic exposures related to our investments in these subsidiaries by locking in a forward exchange rate at the inception of the hedge. We measure the effectiveness of our net investment hedges and our non-derivative financial instrument hedges by using the changes in forward exchange rates because this method reflects our risk management strategies, the economics of those strategies in the financial statements and better manages interest rate differentials between different countries. Under this method, we report all changes in fair value of the non-derivative financial instrument and net investment hedges in equity in the foreign currency translation component of AOCI in the Consolidated Balance Sheets. These amounts offset the translation adjustments on the underlying net assets of our foreign investments, which we also record in AOCI. We recognize ineffectiveness, if any, in earnings at the time the ineffectiveness occurred. We did not record any ineffectiveness on our foreign currency derivative contracts during the three years ended December 31, 2014. | |||||||||||||||||||||||||||||||||||||
We may use foreign currency option contracts, including puts, calls and collars to mitigate foreign currency exchange rate risk associated with the translation of our projected net operating income of our international subsidiaries, principally in Europe and Japan. The put option contracts provide us with the option to exchange euros or yen for U.S. dollars at a fixed exchange rate if the euro or yen were to depreciate against the U.S. dollar, such that, if the euro or yen were to depreciate against the U.S. dollar to predetermined levels as set by the contracts, we could exercise our options and mitigate our foreign currency exchange losses. Call option contracts would create an obligation to exchange euro or yen for U.S. dollars at a fixed exchange rate if the euro or yen were to appreciate against the U.S. dollar, such that, if the euro or yen were to appreciate against the U.S. dollar to predetermined levels as set by the contracts we would be obligated to pay out under the contract and offset our foreign currency exchange gains. A collar contract combines the put and call options into one contract with the purchase of a foreign currency put option, combined with the sale of a foreign currency call option such that there is no cash outlay at execution. This strategy effectively locks in a range around the rate at which net operating earnings of our international subsidiaries will be translated into U.S. dollars. | |||||||||||||||||||||||||||||||||||||
Foreign currency option contracts are not designated as hedges as they do not meet hedge accounting requirements. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings within the line item Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net in the Consolidated Statements of Operations. | |||||||||||||||||||||||||||||||||||||
Interest Rate | |||||||||||||||||||||||||||||||||||||
Our interest rate risk management strategy is to limit the impact of future interest rate changes on earnings and cash flows as well as to stabilize interest expense and manage our exposure to interest rate movements. We primarily accomplish this by issuing fixed rate debt with staggering maturities. We may enter into interest rate swap agreements, which allow us to borrow on a fixed rate basis for longer-term debt issuances, or interest rate cap agreements, which allow us to minimize the impact of increases in interest rates. We typically designate our interest rate swap and interest rate cap agreements as cash flow hedges as these derivative instruments may be used to manage the interest rate risk on potential future debt issuances or to fix the interest rate on variable rate debt issuances. The maximum length of time that we hedge our exposure to future cash flows is typically less than 10 years. | |||||||||||||||||||||||||||||||||||||
We have entered into interest rate swap agreements that allow us to receive variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of our agreements without the exchange of the underlying notional amount. | |||||||||||||||||||||||||||||||||||||
We report the effective portion of the gain or loss on the derivative as a component of AOCI in the Consolidated Balance Sheets, and reclassify it to Interest Expense in the Consolidated Statements of Operations over the corresponding period of the hedged item. To the extent the hedged debt is paid off early, we recognize the amounts in AOCI as Gains (Losses) on Early Extinguishment of Debt, Net in the Consolidated Statements of Operations. | |||||||||||||||||||||||||||||||||||||
We recognize losses on a derivative representing hedge ineffectiveness in Interest Expense at the time the ineffectiveness occurred. Losses due to hedge ineffectiveness were not considered material during the three years ended December 31, 2014. In 2012, we recorded a loss of $11.0 million in Gain (Loss) on Early Extinguishment of Debt, Net related to interest rate swaps with a notional amount of $703.8 million that were considered ineffective. These derivatives were associated with debt that was paid off or transferred in the first quarter of 2013, in connection with the contribution to our new European co-investment venture, PELP (see Note 4 for more details of this venture). When it was probable the related forecasted transaction would not occur, we deemed the hedge ineffective and wrote-off the balance in AOCI. | |||||||||||||||||||||||||||||||||||||
The following table summarizes the activity in our derivative instruments for the years ended December 31 as follows (in millions): | |||||||||||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | Interest | ||||||||||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||||||||||
Net Investment Contracts | Euro Option | Swaps (2) | |||||||||||||||||||||||||||||||||||
Contracts (1) | |||||||||||||||||||||||||||||||||||||
Notional amounts at January 1 | € | 600 | $ | 800 | £ | - | $ | - | ¥ | 24,136 | $ | 250 | € | - | $ | - | $ | 71 | |||||||||||||||||||
New contracts | 1,746 | 2,354 | 238 | 400 | 79,010 | 769 | 365 | 464 | 398 | ||||||||||||||||||||||||||||
Matured or expired contracts | -2,046 | -2,754 | - | - | -79,010 | -769 | -81 | -110 | -71 | ||||||||||||||||||||||||||||
Notional amounts at December 31 | € | 300 | $ | 400 | £ | 238 | $ | 400 | ¥ | 24,136 | $ | 250 | € | 284 | $ | 354 | $ | 398 | |||||||||||||||||||
Weighted Average Forward Rate at December 31 | 1.33 | 1.68 | 96.54 | 1.25 | |||||||||||||||||||||||||||||||||
Active contracts at December 31 | 4 | 3 | 3 | 8 | 2 | ||||||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | Interest Rate | ||||||||||||||||||||||||||||||||||||
Net Investment Contracts | Swaps (3) | ||||||||||||||||||||||||||||||||||||
Notional amounts at January 1 | € | 1,000 | $ | 1,304 | ¥ | - | $ | - | $ | 1,315 | |||||||||||||||||||||||||||
New contracts | 600 | 800 | 24,136 | 250 | - | ||||||||||||||||||||||||||||||||
Matured or expired contracts | -1,000 | -1,304 | - | - | -1,244 | ||||||||||||||||||||||||||||||||
Notional amounts at December 31 | € | 600 | $ | 800 | ¥ | 24,136 | $ | 250 | $ | 71 | |||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | Interest Rate | ||||||||||||||||||||||||||||||||||||
Net Investment Contracts | Swaps (4) | ||||||||||||||||||||||||||||||||||||
Notional amounts at January 1 | € | - | $ | - | $ | 1,497 | |||||||||||||||||||||||||||||||
New contracts | 1,000 | 1,304 | 445 | ||||||||||||||||||||||||||||||||||
Acquired contracts | - | - | 71 | ||||||||||||||||||||||||||||||||||
Matured or expired contracts | - | - | -698 | ||||||||||||||||||||||||||||||||||
Notional amounts at December 31 | € | 1,000 | $ | 1,304 | $ | 1,315 | |||||||||||||||||||||||||||||||
-1 | During 2014, we exercised three foreign currency option contracts, and recognized a net gain of approximately $1.1 million. | ||||||||||||||||||||||||||||||||||||
-2 | During the third quarter of 2014, we entered into two contracts with a total notional amount of ¥40.9 billion to effectively fix the interest rate on the Yen Term Loan. See Note 9 for more information on the Yen Term Loan. | ||||||||||||||||||||||||||||||||||||
-3 | During 2013, we settled 13 contracts with a notional value of $333.5 million, and contributed 13 contracts with a notional value of $383.9 million related to the transfer of assets to the newly formed PELP co-investment venture. We also settled five contracts in Japan with a notional value of $526.4 million in connection with the contributions of properties to NPR. | ||||||||||||||||||||||||||||||||||||
-4 | In 2012, we entered into four interest rate swap contracts with combined notional amounts of $445.4 million, with various expiration dates between 2017 and 2019. In addition, we acquired one interest rate swap contract with a notional amount of $71.0 million in connection with the acquisition of a controlling interest in one of our unconsolidated co-investment ventures. | ||||||||||||||||||||||||||||||||||||
The following table presents the fair value of our derivative instruments (in thousands): | |||||||||||||||||||||||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Asset | Liability | AOCI | Asset | Liability | AOCI | ||||||||||||||||||||||||||||||||
Net investment hedges - euro denominated | $ | 22,891 | $ | - | $ | 37,295 | $ | 137 | $ | 30,302 | $ | -21,705 | |||||||||||||||||||||||||
Net investment hedges - yen denominated | 46,934 | - | 56,169 | 20,104 | - | 22,102 | |||||||||||||||||||||||||||||||
Net investment hedges - pounds sterling denominated | 29,097 | - | 29,097 | - | - | - | |||||||||||||||||||||||||||||||
Foreign currency options - euro denominated (1) | 7,742 | - | - | - | - | - | |||||||||||||||||||||||||||||||
Interest rate swap hedges (2) | - | 1,395 | -1,395 | - | 5,638 | -591 | |||||||||||||||||||||||||||||||
Our share of derivatives from unconsolidated co-investment ventures (3) | - | - | -19,545 | - | - | -13,851 | |||||||||||||||||||||||||||||||
Total fair value of derivatives | $ | 106,664 | $ | 1,395 | $ | 101,621 | $ | 20,241 | $ | 35,940 | $ | -14,045 | |||||||||||||||||||||||||
-1 | As discussed above, the foreign currency options are not designated as hedges. We recognized gains of $7.7 million in Foreign Currency and Derivative Losses and Related Amortization, Net in the Consolidated Statements of Operations from the change in value of our outstanding foreign currency option contracts for the year ended December 31, 2014. | ||||||||||||||||||||||||||||||||||||
-2 | In connection with the contributions to NPR, we reclassified a loss related to interest rate swaps of $7.8 million during the first quarter of 2013 from AOCI in the Consolidated Balance Sheets to Losses on Early Extinguishment of Debt, Net in the Consolidated Statements of Operations. | ||||||||||||||||||||||||||||||||||||
-3 | Items indicated by ‘- - ‘ are not applicable | ||||||||||||||||||||||||||||||||||||
The change in Other Comprehensive Income (Loss) in the Consolidated Statements of Comprehensive Income (Loss) during the periods presented is due to the translation upon consolidation of the financial statements into U.S. dollars of our consolidated subsidiaries whose functional currency is not the U.S. dollar for which we recorded losses of $614.8 million, $237.6 million and $61.6 million for the years ended December 31, 2014, 2013 and 2012, respectively. It also includes the change in fair value for the effective portion of our derivative and non-derivative instruments. The following table presents the gains and losses associated with the change in fair value for the effective portion of our derivative and non-derivative instruments included in Other Comprehensive Income (Loss) (in thousands): | |||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||
Derivative net investment hedges (1) | $ | 122,164 | $ | 17,847 | $ | (17,450) | |||||||||||||||||||||||||||||||
Interest rate swap hedges (2) | -804 | -69 | 6,651 | ||||||||||||||||||||||||||||||||||
Our share of derivatives from unconsolidated co-investment ventures | -5,694 | 19,659 | 11,335 | ||||||||||||||||||||||||||||||||||
Total gain (loss) on derivative instruments | 115,666 | 37,437 | 536 | ||||||||||||||||||||||||||||||||||
Non-derivative net investment hedges (3) | 321,196 | -14,910 | - | ||||||||||||||||||||||||||||||||||
Total gain on derivative and non-derivative instruments | $ | 436,862 | $ | 22,527 | $ | 536 | |||||||||||||||||||||||||||||||
-1 | This includes gains of $6.3 million and $4.3 million for the years ended December 31, 2014 and 2013, respectively, upon the settlement of net investment hedges. | ||||||||||||||||||||||||||||||||||||
-2 | The amounts reclassified to interest expense for the years ended December 31, 2014 and 2013 were not considered significant. The amount reclassified to interest expense for the year ended December 31, 2012, was $14.7 million. We do not expect the amounts reclassified to interest expense for the next 12 months to be significant. | ||||||||||||||||||||||||||||||||||||
-3 | As discussed in Note 9, we issued €1.8 billion ($2.4 billion) of debt in 2014. This debt was issued by the Operating Partnership, which is a U.S. dollar functional entity, and designated as a non-derivative financial instrument hedge. At December 31, 2014 and 2013, we had €2.5 billion ($3.0 billion) and €700 million ($1.0 billion) of debt, net of accrued interest, respectively, designated as non-derivative financial instrument hedges of our net investment in international subsidiaries. We had €97.6 million ($118.5 million) of debt that was not designated as a non-derivative financial instrument hedge at December 31, 2014. We recognized unrealized gains of $7.5 million in Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net in the Consolidated Statements of Operations on the unhedged portion or our debt in 2014. | ||||||||||||||||||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||||||||||||||||||
We have estimated the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize upon disposition. | |||||||||||||||||||||||||||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||||||||||||||||||
At December 31, 2014 and 2013, other than the derivatives discussed above and in Note 9, we did not have any significant financial assets or financial liabilities that are measured at fair value on a recurring basis in the Consolidated Financial Statements. We determined the fair value of our derivative instruments using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. We determined the fair values of our interest rate swaps using the market standard methodology of netting the discounted future fixed cash receipts or payments and the discounted expected variable cash payments. We based the variable cash payments on an expectation of future interest rates, or forward curves, derived from observable market interest rate curves. We based the fair values of our net investment hedges upon the change in the spot rate at the end of the period as compared to the strike price at inception. | |||||||||||||||||||||||||||||||||||||
We incorporate credit valuation adjustments to appropriately reflect both our nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. | |||||||||||||||||||||||||||||||||||||
We have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy. Although the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, all of our derivatives held at December 31, 2014 and 2013, were classified as Level 2 of the fair value hierarchy. | |||||||||||||||||||||||||||||||||||||
Fair Value Measurements on Non-Recurring Basis | |||||||||||||||||||||||||||||||||||||
Assets measured at fair value on a non-recurring basis in the Consolidated Financial Statements consist of real estate assets and investments in and advances to unconsolidated entities that were subject to impairment charges. There were no assets that met this criteria at December 31, 2014 or 2013. | |||||||||||||||||||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||||||||||||||||||
At December 31, 2014 and 2013, our carrying amounts of certain financial instruments, including cash and cash equivalents, restricted cash, accounts and notes receivable, accounts payable and accrued expenses were representative of their fair values due to the short-term nature of these instruments. | |||||||||||||||||||||||||||||||||||||
At December 31, 2014 and 2013, we estimated the fair value of our senior notes and exchangeable senior notes based upon quoted market prices for the same (Level 1) or similar (Level 2) issues when current quoted market prices are available, the fair value of our Credit Facilities by discounting the future cash flows using rates and borrowing spreads currently available to us (Level 3), and the fair value of our secured mortgage debt and assessment bonds that do not have current quoted market prices available by discounting the future cash flows using rates currently available to us for debt with similar terms and maturities (Level 3). The differences in the fair value of our debt from the carrying value in the table below are the result of differences in interest rates and/or borrowing spreads that were available to us at December 31, 2014 and 2013, as compared with those in effect when the debt was issued or acquired, including reduced borrowing spreads due to our improved credit ratings. The senior notes and many of the issues of secured mortgage debt contain pre-payment penalties or yield maintenance provisions that could make the cost of refinancing the debt at lower rates exceed the benefit that would be derived from doing so. | |||||||||||||||||||||||||||||||||||||
The following table reflects the carrying amounts and estimated fair values of our debt at December 31 (in thousands): | |||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||||||||||||||||||||||||
Credit Facilities | $ | - | $ | - | $ | 725,483 | $ | 725,679 | |||||||||||||||||||||||||||||
Senior notes | 6,076,920 | 6,593,657 | 5,357,933 | 5,698,864 | |||||||||||||||||||||||||||||||||
Exchangeable senior notes | 456,766 | 511,931 | 438,481 | 514,381 | |||||||||||||||||||||||||||||||||
Secured mortgage debt | 1,050,591 | 1,173,488 | 1,696,597 | 1,840,829 | |||||||||||||||||||||||||||||||||
Secured mortgage debt of consolidated entities | 1,207,106 | 1,209,271 | 239,992 | 246,324 | |||||||||||||||||||||||||||||||||
Term loans and other debt | 588,816 | 591,810 | 552,730 | 560,714 | |||||||||||||||||||||||||||||||||
Total debt | $ | 9,380,199 | $ | 10,080,157 | $ | 9,011,216 | $ | 9,586,791 | |||||||||||||||||||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |
Dec. 31, 2014 | ||
Commitments and Contingencies Disclosure [Abstract] | ||
Commitments and Contingencies | 19 | Commitments and Contingencies |
Environmental Matters | ||
A majority of the properties we acquire, including land, are subjected to environmental reviews either by us or the previous owners. In addition, we may incur environmental remediation costs associated with certain land parcels we acquire in connection with the development of the land. We have acquired certain properties that may have been leased to or previously owned by companies that discharged hazardous materials. We establish a liability at the time of acquisition to cover such costs and adjust the liabilities as appropriate when additional information becomes available. We record our environmental liabilities in Other Liabilities in the Consolidated Balance Sheets. We purchase various environmental insurance policies to mitigate our exposure to environmental liabilities. We are not aware of any environmental liability that we believe would have a material adverse effect on our business, financial condition or results of operations. | ||
Indemnification Agreements | ||
We have indemnification agreements related to certain co-investment ventures operating outside of the United States for the contribution of certain properties. We may enter into agreements whereby we indemnify the ventures, or our venture partners, for taxes that may be assessed with respect to certain properties we contribute to these ventures. Our contributions to these ventures are generally structured as contributions of shares of companies that own the real estate assets. Accordingly, the capital gains associated with the step up in the value of the underlying real estate assets, for tax purposes, are deferred and transferred at contribution. We have generally indemnified these ventures to the extent that the ventures: (i) incur capital gains or withholding tax as a result of a direct sale of the real estate asset, as opposed to a transaction in which the shares of the company owning the real estate asset are transferred or sold or (ii) are required to grant a discount to the buyer of shares under a share transfer transaction as a result of the ventures transferring the embedded capital gain tax liability to the buyer of the shares in the transaction. The agreements limit the amount that is subject to our indemnification with respect to each property to 100% of the actual tax liabilities related to the capital gains that are deferred and transferred by us to the ventures at the time of the initial contribution less any deferred tax assets transferred with the property. | ||
The ultimate outcome under these agreements is uncertain as it is dependent on the method and timing of dissolution of the related venture or disposition of any properties by the venture. We record liabilities related to the indemnification agreements in Other Liabilities in the Consolidated Balance Sheets. We continue to monitor these agreements and the likelihood of the sale of assets that would result in recognition and will adjust the potential liability in the future as facts and circumstances dictate. | ||
Off-Balance Sheet Liabilities | ||
We have issued performance and surety bonds and standby letters of credit in connection with certain development projects. Performance and surety bonds are commonly required by public agencies from real estate developers. Performance and surety bonds are renewable and expire upon the completion of the improvements and infrastructure. At December 31, 2014 and 2013, we had approximately $54.5 million and $25.5 million, respectively, outstanding under such arrangements. | ||
We may be required under capital commitments or choose to make additional capital contributions to certain of our unconsolidated entities, representing our proportionate ownership interest, should additional capital contributions be necessary to fund development or acquisition costs, repayment of debt or operation shortfalls. See Note 5 for further discussion related to equity commitments to our unconsolidated entities. | ||
Litigation | ||
In the normal course of business, from time to time, we and our unconsolidated entities are parties to a variety of legal proceedings arising in the ordinary course of business. We believe that, with respect to any such matters that we are currently a party to, the ultimate disposition of any such matter will not result in a material adverse effect on our business, financial position or results of operations. |
Business_Segments
Business Segments | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Segment Reporting [Abstract] | |||||||||||||
Business Segments | 20 | Business Segments | |||||||||||
Our current business strategy includes two operating segments: Real Estate Operations and Strategic Capital. We generate revenues, earnings, net operating income and cash flows through our segments, as follows: | |||||||||||||
• | Real Estate Operations. This represents the ownership of industrial operating properties and is the main source of our revenue and earnings. We collect rent from our customers through operating leases, including reimbursements for the majority of our operating costs. Each operating property is considered to be an individual operating segment having similar economic characteristics that are combined within the reportable segment based upon geographic location. Our Real Estate Operations segment also includes development, re-development and acquisition activities that lead to rental operations. We develop, re-develop and acquire industrial properties primarily in global and regional markets to meet our customers’ needs. Within this line of business, we capitalize on: (i) the land that we currently own; (ii) the development expertise of our local teams; (iii) our global customer relationships; and (iv) the demand for high-quality distribution facilities. Land held for development, properties currently under development and land we own and lease to customers under ground leases are also included in this segment. | ||||||||||||
• | Strategic Capital. This represents the management of unconsolidated co-investment ventures. We invest with partners and investors through our ventures, both private and public. We tailor industrial portfolios to investors’ specific needs and deploy capital with a focus on larger, ventures with longer duration and open-ended funds with leading global institutions. These private and public vehicles provide capital for distinct geographies across our global platform. We hold a significant ownership interest in these ventures; we believe this aligns our interests with those of our partners. We generate strategic capital revenues from our unconsolidated co-investment ventures through asset management and property management services and we earn additional revenues from leasing, acquisition, construction, development and disposition services provided. Depending on the structure of the venture and the returns provided to our partners, we also earn revenues through promotes during the life of a venture or upon liquidation. Each unconsolidated co-investment venture we manage is considered to be an individual operating segment having similar economic characteristics that are combined within the reportable segment based upon geographic location. | ||||||||||||
Reconciliations are presented below for: (i) each reportable business segment’s revenue from external customers to Total Revenues in the Consolidated Statements of Operations; (ii) each reportable business segment’s net operating income from external customers to Earnings (Loss) before Income Taxes in the Consolidated Statements of Operations; and (iii) each reportable business segment’s assets to Total Assets in the Consolidated Balance Sheets. Our chief operating decision makers rely primarily on net operating income and similar measures to make decisions about allocating resources and assessing segment performance. The applicable components of Total Revenues, Earnings (Loss) before Income Taxes and Total Assets are allocated to each reportable business segment’s revenues, net operating income and assets. Items that are not directly assignable to a segment, such as certain corporate income and expenses, are reflected as reconciling items. The following reconciliations are presented in thousands: | |||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Revenues (1): | |||||||||||||
Real estate operations: | |||||||||||||
Americas | $ | 1,403,564 | $ | 1,288,925 | $ | 1,176,920 | |||||||
Europe | 74,413 | 174,397 | 435,244 | ||||||||||
Asia | 62,939 | 107,692 | 221,575 | ||||||||||
Total Real Estate Operations segment | 1,540,916 | 1,571,014 | 1,833,739 | ||||||||||
Strategic capital: | |||||||||||||
Americas | 95,168 | 72,474 | 69,422 | ||||||||||
Europe | 86,549 | 63,794 | 37,047 | ||||||||||
Asia | 38,154 | 43,204 | 20,310 | ||||||||||
Total Strategic Capital segment | 219,871 | 179,472 | 126,779 | ||||||||||
Total revenues | $ | 1,760,787 | $ | 1,750,486 | $ | 1,960,518 | |||||||
Net operating income: | |||||||||||||
Real estate operations: | |||||||||||||
Americas | $ | 1,000,773 | $ | 899,053 | $ | 818,393 | |||||||
Europe | 40,627 | 116,178 | 325,571 | ||||||||||
Asia | 45,262 | 76,863 | 171,980 | ||||||||||
Total Real Estate Operations segment | 1,086,662 | 1,092,094 | 1,315,944 | ||||||||||
Strategic capital: | |||||||||||||
Americas | 42,042 | 18,785 | 31,637 | ||||||||||
Europe | 57,266 | 41,263 | 21,699 | ||||||||||
Asia | 24,067 | 30,145 | 9,623 | ||||||||||
Total Strategic Capital segment | 123,375 | 90,193 | 62,959 | ||||||||||
Total segment net operating income | 1,210,037 | 1,182,287 | 1,378,903 | ||||||||||
Reconciling items: | |||||||||||||
General and administrative expenses | -247,768 | -229,207 | -228,068 | ||||||||||
Depreciation and amortization | -642,461 | -648,668 | -724,262 | ||||||||||
Merger, acquisition and other integration expenses | - | - | -80,676 | ||||||||||
Impairment of real estate properties | - | - | -252,914 | ||||||||||
Earnings from unconsolidated entities, net | 134,288 | 97,220 | 31,676 | ||||||||||
Interest expense | -308,885 | -379,327 | -505,215 | ||||||||||
Interest and other income, net | 25,768 | 26,948 | 22,878 | ||||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 725,790 | 597,656 | 305,607 | ||||||||||
Foreign currency and derivative losses and related amortization, net | -17,841 | -33,633 | -20,497 | ||||||||||
Losses on early extinguishment of debt, net | -165,300 | -277,014 | -14,114 | ||||||||||
Impairment of other assets | - | - | -16,135 | ||||||||||
Total reconciling items | -496,409 | -846,025 | -1,481,720 | ||||||||||
Earnings (loss) before income taxes | $ | 713,628 | $ | 336,262 | $ | -102,817 | |||||||
December 31, | |||||||||||||
2014 | 2013 | ||||||||||||
Assets (2): | |||||||||||||
Real estate operations: | |||||||||||||
Americas | $ | 17,432,909 | $ | 16,272,868 | |||||||||
Europe | 1,820,529 | 1,634,867 | |||||||||||
Asia | 926,645 | 1,176,774 | |||||||||||
Total Real Estate Operations segment | 20,180,083 | 19,084,509 | |||||||||||
Strategic capital (3): | |||||||||||||
Americas | 20,635 | 22,154 | |||||||||||
Europe | 54,577 | 60,327 | |||||||||||
Asia | 2,718 | 3,634 | |||||||||||
Total Strategic Capital segment | 77,930 | 86,115 | |||||||||||
Total segment assets | 20,258,013 | 19,170,624 | |||||||||||
Reconciling items: | |||||||||||||
Investments in and advances to unconsolidated entities | 4,824,724 | 4,430,239 | |||||||||||
Assets held for sale | 43,934 | 4,042 | |||||||||||
Notes receivable backed by real estate | - | 188,000 | |||||||||||
Cash and cash equivalents | 350,692 | 491,129 | |||||||||||
Other assets | 340,860 | 288,273 | |||||||||||
Total reconciling items | 5,560,210 | 5,401,683 | |||||||||||
Total assets | $ | 25,818,223 | $ | 24,572,307 | |||||||||
-1 | Includes revenues attributable to the United States for the years ended December 31, 2014, 2013 and 2012 of $1.4 billion, $1.1 billion and $1.1 billion, respectively. | ||||||||||||
-2 | Includes long-lived assets attributable to the United States at December 31, 2014 and 2013 of $17.3 billion and $15.3 billion, respectively. | ||||||||||||
-3 | Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital segment. Goodwill was $25.3 million at December 31, 2014 and 2013. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Supplemental Cash Flow Elements [Abstract] | ||||
Supplemental Cash Flow Information | 21 | Supplemental Cash Flow Information | ||
Significant non-cash investing and financing activities for the years ended December 31, 2014, 2013 and 2012 are discussed below. | ||||
• | We capitalized $21.6 million, $18.8 million and $10.6 million of equity-based compensation expense due to our development and leasing activities during 2014, 2013 and 2012, respectively. | |||
• | As partial consideration for properties we contributed to FIBRA Prologis and the conclusion of an unconsolidated co-investment venture during 2014, we received ownership interests in FIBRA Prologis initially valued at $609.7 million and FIBRA Prologis assumed $345.1 million of secured mortgage debt associated with the properties. See Note 4 for additional information. In 2013, as partial consideration for contributions and dispositions, the buyers assumed debt of $194.9 million. | |||
• | As partial consideration for properties we contributed to PELP during the first quarter of 2013, we received ownership interests initially valued at $1.3 billion, representing a 50% ownership interest in PELP, and PELP assumed $353.2 million of secured mortgage debt. | |||
• | During 2013 and 2012, we received $31.2 million and $17.7 million, representing ownership interests in certain unconsolidated entities as a portion of our proceeds from the contribution of properties to these entities, excluding PELP and FIBRA Prologis. | |||
• | See Note 3 for information related to acquisitions of controlling interests in our unconsolidated co-investment ventures in 2014, 2013 and 2012. |
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||
Selected Quarterly Financial Data (Unaudited) | 22 | Selected Quarterly Financial Data (Unaudited) | |||||||||||||||
The selected quarterly data was as follows (in thousands, except per share data): | |||||||||||||||||
Three Months Ended, | |||||||||||||||||
Prologis, Inc. | March 31, | June 30, | September 30, | December 31, | |||||||||||||
2014:00:00 | |||||||||||||||||
Total revenues | $ | 434,682 | $ | 460,089 | $ | 415,151 | $ | 450,865 | |||||||||
Operating income | $ | 71,466 | $ | 95,274 | $ | 78,112 | $ | 74,956 | |||||||||
Earnings from continuing operations | $ | 12,003 | $ | 152,430 | $ | 147,127 | $ | 427,724 | |||||||||
Net earnings attributable to common stockholders | $ | 4,666 | $ | 72,715 | $ | 136,245 | $ | 408,609 | |||||||||
Net earnings per share attributable to common stockholders - Basic (1) | $ | 0.01 | $ | 0.15 | $ | 0.27 | $ | 0.82 | |||||||||
Net earnings per share attributable to common stockholders - Diluted (1)(2) | $ | 0.01 | $ | 0.13 | $ | 0.23 | $ | 0.81 | |||||||||
2013:00:00 | |||||||||||||||||
Total revenues | $ | 479,971 | $ | 410,693 | $ | 423,058 | $ | 436,764 | |||||||||
Operating income | $ | 97,039 | $ | 58,514 | $ | 77,380 | $ | 71,479 | |||||||||
Earnings (loss) from continuing operations | $ | 289,306 | $ | -20,591 | $ | -48,671 | $ | 9,485 | |||||||||
Net earnings (loss) attributable to common stockholders | $ | 265,416 | $ | -1,517 | $ | -7,534 | $ | 59,057 | |||||||||
Net earnings (loss) per share attributable to common stockholders - Basic (1) | $ | 0.58 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
Net earnings (loss) per share attributable to common stockholders - Diluted (1)(2) | $ | 0.57 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
Prologis, L.P. | |||||||||||||||||
2014:00:00 | |||||||||||||||||
Total revenues | $ | 434,682 | $ | 460,089 | $ | 415,151 | $ | 450,865 | |||||||||
Operating income | $ | 71,466 | $ | 95,274 | $ | 78,112 | $ | 74,956 | |||||||||
Earnings from continuing operations | $ | 12,003 | $ | 152,430 | $ | 147,127 | $ | 427,724 | |||||||||
Net earnings attributable to common unitholders | $ | 4,683 | $ | 72,973 | $ | 136,738 | $ | 410,042 | |||||||||
Net earnings per unit attributable to common unitholders - Basic (1) | $ | 0.01 | $ | 0.15 | $ | 0.27 | $ | 0.82 | |||||||||
Net earnings per unit attributable to common unitholders - Diluted (1) (2) | $ | 0.01 | $ | 0.13 | $ | 0.23 | $ | 0.81 | |||||||||
2013:00:00 | |||||||||||||||||
Total revenues | $ | 479,971 | $ | 410,693 | $ | 423,058 | $ | 436,764 | |||||||||
Operating income | $ | 97,039 | $ | 58,514 | $ | 77,380 | $ | 71,479 | |||||||||
Earnings (loss) from continuing operations | $ | 289,306 | $ | -20,591 | $ | -48,671 | $ | 9,485 | |||||||||
Net earnings (loss) attributable to common unitholders | $ | 266,548 | $ | -1,592 | $ | -7,582 | $ | 59,256 | |||||||||
Net earnings (loss) per unit attributable to common unitholders - Basic (1) | $ | 0.58 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
Net earnings (loss) per unit attributable to common unitholders - Diluted (1)(2) | $ | 0.57 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
-1 | Quarterly earnings (loss) per common share/unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares/units outstanding included in the calculation of diluted shares/units. | ||||||||||||||||
-2 | Income (loss) allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods since the per share/unit is the same. |
Real_Estate_and_Accumulated_De
Real Estate and Accumulated Depreciation | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||
Real Estate and Accumulated Depreciation | PROLOGIS, INC. AND PROLOGIS, L.P. | ||||||||||||||||||||||||||||||||||||||
SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION | |||||||||||||||||||||||||||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||||||||
(In thousands of U.S. dollars, as applicable) | |||||||||||||||||||||||||||||||||||||||
No. of | Initial Cost to | Costs | Gross Amounts At Which Carried | Accumulated | Date of | ||||||||||||||||||||||||||||||||||
Bldgs. | Prologis | Capitalized | at December 31, 2014 | Depreciation | Construction/ | ||||||||||||||||||||||||||||||||||
Subsequent | (c) | Acquisition | |||||||||||||||||||||||||||||||||||||
To | |||||||||||||||||||||||||||||||||||||||
Description | Encum- | Land | Building & | Acquisition | Land | Building & | Total | ||||||||||||||||||||||||||||||||
brances | Improvements | Improvements | (a,b) | ||||||||||||||||||||||||||||||||||||
Industrial Operating Properties (d) | |||||||||||||||||||||||||||||||||||||||
North American Markets: | |||||||||||||||||||||||||||||||||||||||
United States: | |||||||||||||||||||||||||||||||||||||||
Atlanta, Georgia | |||||||||||||||||||||||||||||||||||||||
Atlanta Airport Dist Ctr | 3 | (d) | 2,510 | 10,830 | 126 | 2,510 | 10,956 | 13,466 | -86 | 2014 | |||||||||||||||||||||||||||||
Atlanta NE at Sugarloaf | 1 | (d) | 620 | 2,621 | 28 | 620 | 2,649 | 3,269 | -20 | 2014 | |||||||||||||||||||||||||||||
Atlanta NE Distribution Center | 8 | (d) | 5,582 | 3,047 | 30,356 | 6,276 | 32,709 | 38,985 | -17,908 | 1996, 1997 | |||||||||||||||||||||||||||||
Atlanta South Business Park | 9 | 5,353 | 28,895 | 2,478 | 5,353 | 31,373 | 36,726 | -4,056 | 2011 | ||||||||||||||||||||||||||||||
Atlanta West Distribution Center | 6 | (d) | 6,684 | 23,463 | 9,898 | 6,684 | 33,361 | 40,045 | -11,543 | 1994, 2006, 2012 | |||||||||||||||||||||||||||||
Berkeley Lake Distribution Center | 1 | (d) | 2,046 | 8,712 | 742 | 2,046 | 9,454 | 11,500 | -2,048 | 2006 | |||||||||||||||||||||||||||||
Breckenridge Dist Ctr | 1 | (d) | 1,645 | 7,030 | - | 1,645 | 7,030 | 8,675 | -55 | 2014 | |||||||||||||||||||||||||||||
Buford Distribution Center | 1 | 1,487 | - | 5,577 | 1,487 | 5,577 | 7,064 | -1,219 | 2007 | ||||||||||||||||||||||||||||||
Carter-Pacific Bus Ctr | 3 | (d) | 1,484 | 6,269 | 12 | 1,484 | 6,281 | 7,765 | -69 | 2014 | |||||||||||||||||||||||||||||
Cobb Place Dist Ctr | 2 | (d) | 2,970 | 12,702 | 218 | 2,970 | 12,920 | 15,890 | -1,413 | 2012 | |||||||||||||||||||||||||||||
Dekalb Ind Ctr | 1 | 1,401 | 6,154 | 1,451 | 1,401 | 7,605 | 9,006 | -819 | 2012 | ||||||||||||||||||||||||||||||
Douglas Hill Distribution Center | 4 | 11,599 | 46,826 | 3,674 | 11,677 | 50,422 | 62,099 | -15,482 | 2005 | ||||||||||||||||||||||||||||||
Hartsfield East DC | 1 | 697 | 6,466 | 268 | 697 | 6,734 | 7,431 | -703 | 2011 | ||||||||||||||||||||||||||||||
Horizon Distribution Center | 1 | 2,846 | 11,385 | 1,515 | 2,846 | 12,900 | 15,746 | -2,699 | 2006 | ||||||||||||||||||||||||||||||
Macon Dist Ctr | 1 | 604 | 2,691 | 633 | 604 | 3,324 | 3,928 | -438 | 2012 | ||||||||||||||||||||||||||||||
Midland Distribution Center | 1 | 1,919 | 7,679 | 1,506 | 1,919 | 9,185 | 11,104 | -2,723 | 2006 | ||||||||||||||||||||||||||||||
Northeast Industrial Center | 3 | 3,142 | 14,036 | 2,706 | 3,142 | 16,742 | 19,884 | -3,762 | 1996, 2012 | ||||||||||||||||||||||||||||||
Northmont Industrial Center | 1 | 566 | 3,209 | 1,482 | 566 | 4,691 | 5,257 | -3,250 | 1994 | ||||||||||||||||||||||||||||||
Olympic Ind Ctr | 2 | (d) | 2,156 | 9,417 | 15 | 2,156 | 9,432 | 11,588 | -107 | 2014 | |||||||||||||||||||||||||||||
Park I-75 South | 1 | 8,369 | - | 35,435 | 8,382 | 35,422 | 43,804 | -1,151 | 2013 | ||||||||||||||||||||||||||||||
Peachtree Corners Business Center | 4 | 707 | 4,685 | 2,342 | 707 | 7,027 | 7,734 | -4,800 | 1994 | ||||||||||||||||||||||||||||||
Piedmont Ct. Distribution Center | 2 | 885 | 5,013 | 3,929 | 885 | 8,942 | 9,827 | -5,731 | 1997 | ||||||||||||||||||||||||||||||
Riverside Distribution Center (ATL) | 4 | (d) | 3,306 | 16,750 | 4,300 | 3,329 | 21,027 | 24,356 | -9,692 | 1999, 2014 | |||||||||||||||||||||||||||||
Southfield-KRDC Industrial SG | 8 | 5,033 | 28,725 | 1,837 | 5,033 | 30,562 | 35,595 | -4,634 | 2011 | ||||||||||||||||||||||||||||||
Southside Distribution Center | 1 | 1,186 | 2,859 | 595 | 1,186 | 3,454 | 4,640 | -589 | 2011 | ||||||||||||||||||||||||||||||
Suwanee Creek Dist Ctr | 2 | 1,045 | 4,201 | 202 | 1,045 | 4,403 | 5,448 | -448 | 2010, 2013 | ||||||||||||||||||||||||||||||
Tradeport Distribution Center | 3 | (d) | 1,464 | 4,563 | 8,022 | 1,479 | 12,570 | 14,049 | -7,923 | 1994, 1996 | |||||||||||||||||||||||||||||
Weaver Distribution Center | 2 | 935 | 5,182 | 2,351 | 935 | 7,533 | 8,468 | -5,243 | 1995 | ||||||||||||||||||||||||||||||
Westfork Industrial Center | 2 | (d) | 579 | 3,910 | 428 | 579 | 4,338 | 4,917 | -2,749 | 1995 | |||||||||||||||||||||||||||||
Westgate Ind Ctr | 1 | 1,277 | 5,620 | 214 | 1,277 | 5,834 | 7,111 | -757 | 2012 | ||||||||||||||||||||||||||||||
Atlanta, Georgia | 80 | 80,097 | 292,940 | 122,340 | 80,920 | 414,457 | 495,377 | -112,117 | |||||||||||||||||||||||||||||||
Austin, Texas | |||||||||||||||||||||||||||||||||||||||
Corridor Park Corporate Center | 4 | 4,579 | 19,046 | 75 | 4,579 | 19,121 | 23,700 | -1,024 | 2014 | ||||||||||||||||||||||||||||||
MET 4-12 LTD | 1 | 4,300 | 20,456 | 268 | 4,300 | 20,724 | 25,024 | -2,743 | 2011 | ||||||||||||||||||||||||||||||
MET PHASE 1 95 LTD | 4 | 5,593 | 17,211 | 1,286 | 5,593 | 18,497 | 24,090 | -2,474 | 2011 | ||||||||||||||||||||||||||||||
Montopolis Distribution Center | 1 | 580 | 3,384 | 2,585 | 580 | 5,969 | 6,549 | -4,257 | 1994 | ||||||||||||||||||||||||||||||
Southpark Corporate Center | 3 | 1,470 | 6,154 | 1 | 1,470 | 6,155 | 7,625 | -47 | 2014 | ||||||||||||||||||||||||||||||
Walnut Creek Corporate Center | 17 | (d) | 11,152 | 49,110 | 411 | 11,206 | 49,467 | 60,673 | -3,468 | 1994, 2014 | |||||||||||||||||||||||||||||
Austin, Texas | 30 | 27,674 | 115,361 | 4,626 | 27,728 | 119,933 | 147,661 | -14,013 | |||||||||||||||||||||||||||||||
Baltimore/Washington | |||||||||||||||||||||||||||||||||||||||
1901 Park 100 Drive | 1 | (d) | 2,409 | 7,227 | 1,148 | 2,409 | 8,375 | 10,784 | -2,616 | 2006 | |||||||||||||||||||||||||||||
Airport Commons Distribution Center | 2 | (d) | 2,320 | - | 10,570 | 2,360 | 10,530 | 12,890 | -4,648 | 1997 | |||||||||||||||||||||||||||||
Beltway Distribution | 1 | 9,211 | 33,922 | 426 | 9,211 | 34,348 | 43,559 | -4,486 | 2011 | ||||||||||||||||||||||||||||||
BWI Cargo Center E | 1 | - | 10,725 | 108 | - | 10,833 | 10,833 | -4,598 | 2011 | ||||||||||||||||||||||||||||||
Corcorde Industrial Center | 4 | (d) | 1,538 | 8,717 | 4,711 | 1,538 | 13,428 | 14,966 | -8,832 | 1995 | |||||||||||||||||||||||||||||
Corridor Industrial | 1 | 1,921 | 7,224 | 12 | 1,921 | 7,236 | 9,157 | -975 | 2011 | ||||||||||||||||||||||||||||||
Crysen Industrial | 1 | 2,285 | 6,267 | 454 | 2,285 | 6,721 | 9,006 | -1,001 | 2011 | ||||||||||||||||||||||||||||||
Gateway Bus Ctr | 10 | (d) | 30,263 | 26,530 | 36,269 | 30,400 | 62,662 | 93,062 | -849 | 2012, 2014 | |||||||||||||||||||||||||||||
Gateway Distribution Center | 3 | 2,523 | 5,715 | 4,817 | 3,164 | 9,891 | 13,055 | -2,539 | 1998, 2012 | ||||||||||||||||||||||||||||||
Granite Hill Dist. Center | 2 | 2,959 | 9,344 | 74 | 2,959 | 9,418 | 12,377 | -1,551 | 2011 | ||||||||||||||||||||||||||||||
Greenwood Industrial | 3 | 6,828 | 24,253 | 583 | 6,828 | 24,836 | 31,664 | -3,379 | 2011 | ||||||||||||||||||||||||||||||
Hampton Central Dist Ctr | 3 | (d) | 8,928 | 28,015 | 64 | 8,928 | 28,079 | 37,007 | -214 | 2014 | |||||||||||||||||||||||||||||
IAD Cargo Center 5 | 1 | - | 43,060 | 75 | - | 43,135 | 43,135 | -25,257 | 2011 | ||||||||||||||||||||||||||||||
Meadowridge Distribution Center | 3 | (d) | 7,827 | 18,990 | 6,527 | 7,972 | 25,372 | 33,344 | -3,134 | 1998, 2014 | |||||||||||||||||||||||||||||
Meadowridge Industrial | 3 | 4,845 | 20,576 | 4,091 | 4,845 | 24,667 | 29,512 | -2,769 | 2011 | ||||||||||||||||||||||||||||||
Patuxent Range Road | 2 | 2,281 | 9,638 | 1,243 | 2,281 | 10,881 | 13,162 | -1,472 | 2011 | ||||||||||||||||||||||||||||||
Preston Court | 1 | 2,326 | 10,146 | 202 | 2,326 | 10,348 | 12,674 | -1,372 | 2011 | ||||||||||||||||||||||||||||||
ProLogis Park - Dulles | 7 | (d) | 16,703 | 36,268 | 576 | 16,703 | 36,844 | 53,547 | -2,189 | 2012, 2014 | |||||||||||||||||||||||||||||
Troy Hill Dist Ctr | 3 | (d) | 9,179 | 31,489 | 27 | 9,179 | 31,516 | 40,695 | -1,298 | 2012, 2014 | |||||||||||||||||||||||||||||
Baltimore/Washington | 52 | 114,346 | 338,106 | 71,977 | 115,309 | 409,120 | 524,429 | -73,179 | |||||||||||||||||||||||||||||||
Boston, Massachusetts | |||||||||||||||||||||||||||||||||||||||
Boston Industrial | 4 | 11,810 | 25,975 | (238 | ) | 11,810 | 25,737 | 37,547 | -5,254 | 2011 | |||||||||||||||||||||||||||||
Boston, Massachusetts | 4 | 11,810 | 25,975 | (238 | ) | 11,810 | 25,737 | 37,547 | -5,254 | ||||||||||||||||||||||||||||||
Central & Eastern, Pennsylvania | |||||||||||||||||||||||||||||||||||||||
Carlisle Dist Ctr | 6 | (d) | 54,852 | 233,619 | 6,048 | 54,852 | 239,667 | 294,519 | -15,392 | 2012, 2013 | |||||||||||||||||||||||||||||
Chambersburg Dist Ctr | 1 | 4,188 | 17,796 | 76 | 4,188 | 17,872 | 22,060 | -924 | 2013 | ||||||||||||||||||||||||||||||
Harrisburg Distribution Center | 5 | 21,950 | 96,007 | 1,946 | 21,950 | 97,953 | 119,903 | -9,168 | 2004, 2013 | ||||||||||||||||||||||||||||||
Harrisburg Industrial Center | 1 | 782 | 6,190 | 1,581 | 782 | 7,771 | 8,553 | -2,461 | 2002 | ||||||||||||||||||||||||||||||
I-78 Dist. Center | 1 | 13,030 | 30,007 | 335 | 13,030 | 30,342 | 43,372 | -3,655 | 2011 | ||||||||||||||||||||||||||||||
I-81 Distribution | 1 | 1,822 | 21,583 | 328 | 1,822 | 21,911 | 23,733 | -2,575 | 2011 | ||||||||||||||||||||||||||||||
Kraft Distribution Center | 1 | 7,450 | 23,863 | - | 7,450 | 23,863 | 31,313 | -187 | 2014 | ||||||||||||||||||||||||||||||
Lehigh Valley Distribution Center | 8 | (d) | 26,795 | 89,400 | 24,540 | 26,875 | 113,860 | 140,735 | -7,994 | 2004, 2010, 2013, | |||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||||
Northport Ind Ctr | 1 | (d) | 12,282 | 39,621 | 1 | 12,282 | 39,622 | 51,904 | -314 | 2014 | |||||||||||||||||||||||||||||
Park 33 Distribution Center | 2 | 28,947 | 49,500 | 41,138 | 31,207 | 88,378 | 119,585 | -6,061 | 2007, 2014 | ||||||||||||||||||||||||||||||
PHL Cargo Center C2 | 1 | - | 11,966 | 25 | - | 11,991 | 11,991 | -4,327 | 2011 | ||||||||||||||||||||||||||||||
Pottsville Dist Ctr | 1 | 4,486 | 19,527 | 907 | 4,486 | 20,434 | 24,920 | -2,249 | 2012 | ||||||||||||||||||||||||||||||
Quakertown Distribution Center | 1 | 6,966 | - | 27,698 | 6,966 | 27,698 | 34,664 | -5,960 | 2006 | ||||||||||||||||||||||||||||||
Central & Eastern, Pennsylvania | 30 | 183,550 | 639,079 | 104,623 | 185,890 | 741,362 | 927,252 | -61,267 | |||||||||||||||||||||||||||||||
Central Valley, CA | |||||||||||||||||||||||||||||||||||||||
Arch Road Logistics Center | 2 | (d) | 9,492 | 38,060 | 2,310 | 9,492 | 40,370 | 49,862 | -5,680 | 2010 | |||||||||||||||||||||||||||||
Central Valley Distribution Center | 3 | (d) | 5,339 | 32,838 | 526 | 5,339 | 33,364 | 38,703 | -266 | 2014 | |||||||||||||||||||||||||||||
Central Valley Industrial Center | 5 | (d) | 14,110 | 65,026 | 8,648 | 14,560 | 73,224 | 87,784 | -25,728 | 1999, 2002, 2005, | |||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||||
Chabot Commerce Ctr | 2 | 5,222 | 13,697 | 6,601 | 5,222 | 20,298 | 25,520 | -3,516 | 2011 | ||||||||||||||||||||||||||||||
Duck Creek Dist Ctr | 1 | (d) | 6,690 | 39,683 | - | 6,690 | 39,683 | 46,373 | -300 | 2014 | |||||||||||||||||||||||||||||
Manteca Distribution Center | 1 | 9,280 | 27,840 | 591 | 9,480 | 28,231 | 37,711 | -8,733 | 2005 | ||||||||||||||||||||||||||||||
Patterson Pass Business Center | 4 | (d) | 10,004 | 27,878 | 7,397 | 10,017 | 35,262 | 45,279 | -3,868 | 2007, 2012, 2014 | |||||||||||||||||||||||||||||
Tracy Dist Ctr | 1 | (d) | 2,056 | 12,248 | - | 2,056 | 12,248 | 14,304 | -93 | 2014 | |||||||||||||||||||||||||||||
Tracy II Distribution Center | 5 | 23,905 | 32,080 | 152,468 | 29,246 | 179,207 | 208,453 | -19,640 | 2007, 2009, 2012, | ||||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||||||||
Central Valley, CA | 24 | 86,098 | 289,350 | 178,541 | 92,102 | 461,887 | 553,989 | -67,824 | |||||||||||||||||||||||||||||||
Charlotte, North Carolina | |||||||||||||||||||||||||||||||||||||||
Charlotte Distribution Center | 11 | (d) | 6,596 | 8,581 | 28,810 | 8,114 | 35,873 | 43,987 | -15,719 | 1995, 1996, 1997, | |||||||||||||||||||||||||||||
1998, 2014 | |||||||||||||||||||||||||||||||||||||||
Northpark Distribution Center | 2 | (d) | 1,183 | 6,707 | 2,919 | 1,184 | 9,625 | 10,809 | -6,353 | 1994, 1998 | |||||||||||||||||||||||||||||
West Pointe Business Center | 5 | (d) | 12,138 | 40,423 | 9,893 | 12,138 | 50,316 | 62,454 | -4,220 | 2006, 2012, 2014 | |||||||||||||||||||||||||||||
Charlotte, North Carolina | 18 | 19,917 | 55,711 | 41,622 | 21,436 | 95,814 | 117,250 | -26,292 | |||||||||||||||||||||||||||||||
Chicago, Illinois | |||||||||||||||||||||||||||||||||||||||
Addison Business Center | 1 | 1,293 | 2,907 | 515 | 1,293 | 3,422 | 4,715 | -488 | 2011 | ||||||||||||||||||||||||||||||
Addison Distribution Center | 1 | 640 | 3,661 | 1,834 | 640 | 5,495 | 6,135 | -3,037 | 1997 | ||||||||||||||||||||||||||||||
Alsip Distribution Center | 1 | 1,416 | 9,009 | 9,086 | 1,724 | 17,787 | 19,511 | -12,168 | 1997 | ||||||||||||||||||||||||||||||
Alsip Industrial | 1 | 1,422 | 2,336 | 22 | 1,422 | 2,358 | 3,780 | -670 | 2011 | ||||||||||||||||||||||||||||||
Arlington Heights Distribution Center | 1 | 831 | 3,326 | 2,345 | 831 | 5,671 | 6,502 | -1,582 | 2006 | ||||||||||||||||||||||||||||||
Bensenville Distribution Center | 1 | 926 | 3,842 | 6,319 | 940 | 10,147 | 11,087 | -7,198 | 1997 | ||||||||||||||||||||||||||||||
Bensenville Ind Park | 13 | 37,681 | 92,909 | 5,219 | 37,681 | 98,128 | 135,809 | -14,800 | 2011 | ||||||||||||||||||||||||||||||
Bloomingdale 100 Business Center | 4 | (d) | 6,563 | 27,579 | 68 | 6,563 | 27,647 | 34,210 | -210 | 2014 | |||||||||||||||||||||||||||||
Bolingbrook Distribution Center | 6 | (d) | 19,068 | 85,317 | 5,355 | 19,068 | 90,672 | 109,740 | -27,639 | 1999, 2006, 2014 | |||||||||||||||||||||||||||||
Bridgeview Dist Ctr | 4 | (d) | 1,662 | 7,726 | - | 1,662 | 7,726 | 9,388 | -92 | 2014 | |||||||||||||||||||||||||||||
Bridgeview Industrial | 1 | 1,380 | 3,404 | 404 | 1,380 | 3,808 | 5,188 | -616 | 2011 | ||||||||||||||||||||||||||||||
Chicago Industrial Portfolio | 1 | 1,330 | 2,876 | 423 | 1,330 | 3,299 | 4,629 | -561 | 2011 | ||||||||||||||||||||||||||||||
Des Plaines Distribution Center | 3 | 2,158 | 12,232 | 6,884 | 2,159 | 19,115 | 21,274 | -12,660 | 1995, 1996 | ||||||||||||||||||||||||||||||
Elk Grove Distribution Center | 20 | (d) | 30,227 | 78,013 | 49,831 | 30,227 | 127,844 | 158,071 | -50,971 | 1995, 1996, 1997, | |||||||||||||||||||||||||||||
1999, | |||||||||||||||||||||||||||||||||||||||
2006, 2009 | |||||||||||||||||||||||||||||||||||||||
Elk Grove Du Page | 21 | (d) | 14,830 | 64,408 | 10,528 | 14,830 | 74,936 | 89,766 | -8,108 | 2012 | |||||||||||||||||||||||||||||
Elk Grove Village SG | 6 | 6,367 | 12,010 | 859 | 6,367 | 12,869 | 19,236 | -2,314 | 2011 | ||||||||||||||||||||||||||||||
Elmhurst Distribution Center | 1 | 713 | 4,043 | 1,240 | 713 | 5,283 | 5,996 | -3,345 | 1997 | ||||||||||||||||||||||||||||||
Executive Drive | 1 | 1,371 | 6,430 | 509 | 1,371 | 6,939 | 8,310 | -887 | 2011 | ||||||||||||||||||||||||||||||
Glendale Heights Distribution Center | 3 | (d) | 3,903 | 22,119 | 4,423 | 3,903 | 26,542 | 30,445 | -14,410 | 1999 | |||||||||||||||||||||||||||||
Gurnee Dist Ctr | 2 | 2,297 | 9,991 | - | 2,297 | 9,991 | 12,288 | -97 | 2014 | ||||||||||||||||||||||||||||||
Hintz Building | 1 | 354 | 1,970 | 103 | 354 | 2,073 | 2,427 | -289 | 2011 | ||||||||||||||||||||||||||||||
I-294 Dist Ctr | 3 | (d) | 7,922 | 33,730 | 15 | 7,922 | 33,745 | 41,667 | -1,929 | 2012, 2014 | |||||||||||||||||||||||||||||
I-55 Distribution Center | 2 | (d) | 5,383 | 25,504 | 35,513 | 11,786 | 54,614 | 66,400 | -14,082 | 2007 | |||||||||||||||||||||||||||||
I-80 Morris | 1 | 6,349 | 27,134 | - | 6,349 | 27,134 | 33,483 | -213 | 2014 | ||||||||||||||||||||||||||||||
Itasca Distribution Center | 2 | (d) | 1,522 | 7,119 | 1,562 | 1,522 | 8,681 | 10,203 | -1,968 | 1996, 2014 | |||||||||||||||||||||||||||||
Itasca Industrial Portfolio | 3 | 3,053 | 5,879 | 245 | 3,053 | 6,124 | 9,177 | -938 | 2011 | ||||||||||||||||||||||||||||||
Kehoe Industrial | 1 | 1,394 | 3,247 | 446 | 1,394 | 3,693 | 5,087 | -459 | 2011 | ||||||||||||||||||||||||||||||
Melrose Park Distribution Ctr. | 1 | 2,657 | 9,292 | 283 | 2,657 | 9,575 | 12,232 | -1,584 | 2011 | ||||||||||||||||||||||||||||||
Minooka Distribution Center | 3 | (d) | 18,420 | 68,912 | 17,991 | 19,404 | 85,919 | 105,323 | -16,871 | 2005, 2008, 2014 | |||||||||||||||||||||||||||||
Mitchell Distribution Center | 1 | 1,236 | 7,004 | 3,748 | 1,236 | 10,752 | 11,988 | -6,970 | 1996 | ||||||||||||||||||||||||||||||
NDP - Chicago | 1 | 461 | 1,362 | 27 | 461 | 1,389 | 1,850 | -183 | 2011 | ||||||||||||||||||||||||||||||
Nicholas Logistics Center | 1 | 2,354 | 10,799 | 44 | 2,354 | 10,843 | 13,197 | -1,744 | 2011 | ||||||||||||||||||||||||||||||
Northbrook Distribution Center | 1 | 2,056 | 8,227 | 1,981 | 2,056 | 10,208 | 12,264 | -2,340 | 2007 | ||||||||||||||||||||||||||||||
Northlake Distribution Center | 1 | 372 | 2,105 | 800 | 372 | 2,905 | 3,277 | -2,005 | 1996 | ||||||||||||||||||||||||||||||
OHare Industrial Portfolio | 6 | 4,126 | 10,096 | 137 | 4,126 | 10,233 | 14,359 | -1,766 | 2011 | ||||||||||||||||||||||||||||||
Pleasant Prairie Distribution Center | 1 | 1,314 | 7,450 | 2,733 | 1,315 | 10,182 | 11,497 | -6,008 | 1999 | ||||||||||||||||||||||||||||||
Poplar Gateway Truck Terminal | 1 | 2,321 | 4,699 | 519 | 2,321 | 5,218 | 7,539 | -725 | 2011 | ||||||||||||||||||||||||||||||
Port OHare | 2 | 4,819 | 5,547 | 256 | 4,819 | 5,803 | 10,622 | -971 | 2011 | ||||||||||||||||||||||||||||||
Remington Lakes Dist | 1 | 2,382 | 11,657 | 606 | 2,382 | 12,263 | 14,645 | -1,380 | 2011 | ||||||||||||||||||||||||||||||
Rochelle Distribution Center | 1 | 4,457 | 20,100 | 11,131 | 5,254 | 30,434 | 35,688 | -4,789 | 2008 | ||||||||||||||||||||||||||||||
Romeoville Distribution Center | 5 | (d) | 23,325 | 94,197 | 10,129 | 23,325 | 104,326 | 127,651 | -31,396 | 1999, 2005 | |||||||||||||||||||||||||||||
S.C. Johnson & Son | 1 | 2,267 | 15,911 | 1,552 | 3,152 | 16,578 | 19,730 | -3,156 | 2008 | ||||||||||||||||||||||||||||||
Sivert Distribution | 1 | 1,497 | 1,470 | 8 | 1,497 | 1,478 | 2,975 | -236 | 2011 | ||||||||||||||||||||||||||||||
Touhy Cargo Terminal | 1 | 2,697 | 8,909 | - | 2,697 | 8,909 | 11,606 | -970 | 2011 | ||||||||||||||||||||||||||||||
Waukegan Distribution Center | 2 | 4,368 | 17,632 | 1,075 | 4,368 | 18,707 | 23,075 | -5,232 | 2007 | ||||||||||||||||||||||||||||||
West Chicago Distribution Center | 1 | 3,125 | 12,499 | 3,299 | 3,125 | 15,798 | 18,923 | -4,622 | 2005 | ||||||||||||||||||||||||||||||
Windsor Court | 1 | 635 | 3,493 | 184 | 635 | 3,677 | 4,312 | -555 | 2011 | ||||||||||||||||||||||||||||||
Wood Dale Industrial SG | 5 | 4,343 | 10,174 | 717 | 4,343 | 10,891 | 15,234 | -1,548 | 2011 | ||||||||||||||||||||||||||||||
Woodale Distribution Center | 1 | 263 | 1,490 | 589 | 263 | 2,079 | 2,342 | -1,313 | 1997 | ||||||||||||||||||||||||||||||
Woodridge Distribution Center | 14 | (d) | 46,575 | 197,289 | 21,583 | 49,942 | 215,505 | 265,447 | -65,513 | 2005, 2007 | |||||||||||||||||||||||||||||
Yohan Industrial | 3 | 4,219 | 12,306 | 1,157 | 4,219 | 13,463 | 17,682 | -1,768 | 2011 | ||||||||||||||||||||||||||||||
Chicago, Illinois | 161 | 302,344 | 1,101,341 | 224,297 | 315,104 | 1,312,878 | 1,627,982 | -345,376 | |||||||||||||||||||||||||||||||
Cincinnati, Ohio | |||||||||||||||||||||||||||||||||||||||
Airpark Distribution Center | 4 | (d) | 5,851 | 22,543 | 14,311 | 6,831 | 35,874 | 42,705 | -7,717 | 1996, 2012, 2014 | |||||||||||||||||||||||||||||
DAY Cargo Center | 5 | - | 4,749 | 531 | - | 5,280 | 5,280 | -1,480 | 2011 | ||||||||||||||||||||||||||||||
Fairfield Comm Ctr | 1 | (d) | 2,526 | 10,864 | 29 | 2,526 | 10,893 | 13,419 | -86 | 2014 | |||||||||||||||||||||||||||||
Monroe Park | 1 | (d) | 7,222 | 30,988 | 301 | 7,222 | 31,289 | 38,511 | -244 | 2014 | |||||||||||||||||||||||||||||
Mosteller Dist Ctr | 1 | (d) | 921 | 4,192 | 28 | 921 | 4,220 | 5,141 | -40 | 2014 | |||||||||||||||||||||||||||||
Park I-275 | 4 | (d) | 15,939 | 63,846 | 3,153 | 15,939 | 66,999 | 82,938 | -4,261 | 2008, 2012, 2014 | |||||||||||||||||||||||||||||
Sharonville Distribution Center | 2 | (d) | 1,202 | - | 15,047 | 2,424 | 13,825 | 16,249 | -6,391 | 1997 | |||||||||||||||||||||||||||||
West Chester Comm Park I | 5 | (d) | 9,466 | 39,950 | 2,356 | 9,466 | 42,306 | 51,772 | -1,193 | 2012, 2014 | |||||||||||||||||||||||||||||
Cincinnati, Ohio | 23 | 43,127 | 177,132 | 35,756 | 45,329 | 210,686 | 256,015 | -21,412 | |||||||||||||||||||||||||||||||
Columbus, Ohio | |||||||||||||||||||||||||||||||||||||||
Alum Creek Dist Ctr | 1 | 917 | 4,584 | 277 | 917 | 4,861 | 5,778 | -659 | 2012 | ||||||||||||||||||||||||||||||
Brookham Distribution Center | 2 | 5,964 | 23,858 | 4,946 | 5,965 | 28,803 | 34,768 | -10,113 | 2005 | ||||||||||||||||||||||||||||||
Canal Pointe Distribution Center | 1 | 1,237 | 7,013 | 1,728 | 1,280 | 8,698 | 9,978 | -4,572 | 1999 | ||||||||||||||||||||||||||||||
Capital Park South Distribution Center | 8 | (d) | 10,077 | 40,234 | 29,285 | 10,470 | 69,126 | 79,596 | -18,495 | 1996, 2012, 2014 | |||||||||||||||||||||||||||||
Columbus West Ind Ctr | 1 | (d) | 427 | 2,600 | - | 427 | 2,600 | 3,027 | -29 | 2014 | |||||||||||||||||||||||||||||
Corporate Park West | 2 | (d) | 994 | 6,150 | 1,409 | 994 | 7,559 | 8,553 | -2,494 | 1996, 2014 | |||||||||||||||||||||||||||||
Crosswinds Dist Ctr | 1 | (d) | 3,058 | 19,240 | - | 3,058 | 19,240 | 22,298 | -162 | 2014 | |||||||||||||||||||||||||||||
Etna Distribution Center | 4 | (d) | 10,789 | 35,577 | 42,552 | 10,789 | 78,129 | 88,918 | -5,941 | 2007, 2013, 2014 | |||||||||||||||||||||||||||||
International Street Comm Ctr | 2 | 1,503 | 6,356 | 383 | 1,503 | 6,739 | 8,242 | -735 | 2012 | ||||||||||||||||||||||||||||||
Lockbourne Dist Ctr | 1 | 540 | 3,030 | 352 | 540 | 3,382 | 3,922 | -575 | 2012 | ||||||||||||||||||||||||||||||
South Park Distribution Center | 2 | (d) | 3,343 | 15,182 | 3,370 | 3,343 | 18,552 | 21,895 | -7,766 | 1999, 2005 | |||||||||||||||||||||||||||||
Westpointe Distribution Center | 2 | 1,446 | 7,601 | 1,298 | 1,446 | 8,899 | 10,345 | -3,474 | 2007 | ||||||||||||||||||||||||||||||
Columbus, Ohio | 27 | 40,295 | 171,425 | 85,600 | 40,732 | 256,588 | 297,320 | -55,015 | |||||||||||||||||||||||||||||||
Dallas/Fort Worth, Texas | |||||||||||||||||||||||||||||||||||||||
Arlington Corp Ctr | 3 | (d) | 6,509 | 28,032 | 125 | 6,509 | 28,157 | 34,666 | -1,268 | 2012, 2014 | |||||||||||||||||||||||||||||
Dallas Corporate Center | 11 | (d) | 6,449 | 5,441 | 34,632 | 6,645 | 39,877 | 46,522 | -18,407 | 1996, 1997, 1998, | |||||||||||||||||||||||||||||
1999, 2012 | |||||||||||||||||||||||||||||||||||||||
Dallas Industrial | 12 | 7,180 | 26,514 | 2,682 | 7,180 | 29,196 | 36,376 | -4,290 | 2011 | ||||||||||||||||||||||||||||||
DFW Cargo Center 1 | 1 | - | 35,117 | 973 | - | 36,090 | 36,090 | -5,105 | 2011 | ||||||||||||||||||||||||||||||
DFW Cargo Center 2 | 1 | - | 27,916 | 200 | - | 28,116 | 28,116 | -3,849 | 2011 | ||||||||||||||||||||||||||||||
DFW Cargo Center East | 3 | - | 19,730 | 333 | - | 20,063 | 20,063 | -4,469 | 2011 | ||||||||||||||||||||||||||||||
Flower Mound Distribution Center | 1 | (d) | 5,157 | 20,991 | 2,470 | 5,157 | 23,461 | 28,618 | -6,250 | 2007 | |||||||||||||||||||||||||||||
Freeport Corp Ctr | 5 | (d) | 15,415 | 65,273 | 702 | 15,415 | 65,975 | 81,390 | -4,424 | 2012, 2014 | |||||||||||||||||||||||||||||
Freeport Distribution Center | 4 | 1,393 | 5,549 | 5,947 | 1,440 | 11,449 | 12,889 | -6,427 | 1996, 1997, 1998 | ||||||||||||||||||||||||||||||
Great Southwest Corp Ctr | 3 | 4,476 | 19,302 | 210 | 4,476 | 19,512 | 23,988 | -153 | 2014 | ||||||||||||||||||||||||||||||
Great Southwest Distribution Center | 24 | (d) | 38,395 | 160,253 | 25,811 | 38,395 | 186,064 | 224,459 | -58,819 | 1995, 1996, 1997, | |||||||||||||||||||||||||||||
1999, 2000, 2001, | |||||||||||||||||||||||||||||||||||||||
2002, 2005, 2012, | |||||||||||||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||||
Greater Dallas Industrial Port | 3 | 3,525 | 16,375 | 967 | 3,525 | 17,342 | 20,867 | -2,481 | 2011 | ||||||||||||||||||||||||||||||
Lancaster Distribution Center | 5 | (d) | 20,635 | 14,362 | 93,709 | 19,969 | 108,737 | 128,706 | -9,024 | 2007, 2008, 2013, | |||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||||
Lonestar Portfolio | 3 | 4,736 | 13,035 | 2,835 | 4,736 | 15,870 | 20,606 | -2,374 | 2011 | ||||||||||||||||||||||||||||||
Mesquite Dist Ctr | 2 | (d) | 8,355 | 35,440 | 104 | 8,355 | 35,544 | 43,899 | -1,781 | 2012, 2014 | |||||||||||||||||||||||||||||
Mesquite Dist III | 1 | 1,691 | - | 11,894 | 1,691 | 11,894 | 13,585 | -564 | 2013 | ||||||||||||||||||||||||||||||
Northgate Distribution Center | 10 | (d) | 13,001 | 62,680 | 6,772 | 13,488 | 68,965 | 82,453 | -18,380 | 1999, 2005, 2008, | |||||||||||||||||||||||||||||
2012, 2014 | |||||||||||||||||||||||||||||||||||||||
Royal Distribution Center | 1 | 811 | 4,598 | 2,235 | 811 | 6,833 | 7,644 | -2,725 | 2001 | ||||||||||||||||||||||||||||||
Stemmons Distribution Center | 1 | 272 | 1,544 | 962 | 272 | 2,506 | 2,778 | -1,667 | 1995 | ||||||||||||||||||||||||||||||
Stemmons Industrial Center | 8 | 1,653 | 10,526 | 6,198 | 1,653 | 16,724 | 18,377 | -11,143 | 1994, 1995, 1996, | ||||||||||||||||||||||||||||||
1999 | |||||||||||||||||||||||||||||||||||||||
Trinity Mills Distribution Center | 1 | (d) | 735 | 3,774 | 1,020 | 735 | 4,794 | 5,529 | -2,535 | 1999 | |||||||||||||||||||||||||||||
Valwood Business Center | 5 | (d) | 4,679 | 19,674 | 1,146 | 4,679 | 20,820 | 25,499 | -4,485 | 2001, 2006, 2014 | |||||||||||||||||||||||||||||
Valwood Distribution Center | 5 | (d) | 4,742 | 21,498 | 1,289 | 4,742 | 22,787 | 27,529 | -3,179 | 1999, 2014 | |||||||||||||||||||||||||||||
Valwood Industrial | 2 | 1,802 | 9,658 | 575 | 1,802 | 10,233 | 12,035 | -1,620 | 2011 | ||||||||||||||||||||||||||||||
Dallas/Fort Worth, Texas | 115 | 151,611 | 627,282 | 203,791 | 151,675 | 831,009 | 982,684 | -175,419 | |||||||||||||||||||||||||||||||
Denver, Colorado | |||||||||||||||||||||||||||||||||||||||
Denver Business Center | 3 | (d) | 3,142 | 13,396 | 775 | 3,142 | 14,171 | 17,313 | -1,312 | 2012 | |||||||||||||||||||||||||||||
Havana Dist Ctr | 1 | (d) | 1,421 | 5,958 | 70 | 1,421 | 6,028 | 7,449 | -65 | 2014 | |||||||||||||||||||||||||||||
Pagosa Distribution Center | 1 | (d) | 398 | 2,322 | 1,675 | 398 | 3,997 | 4,395 | -2,849 | 1993 | |||||||||||||||||||||||||||||
Peoria Dist Ctr | 2 | (d) | 4,129 | 17,465 | 14 | 4,129 | 17,479 | 21,608 | -138 | 2014 | |||||||||||||||||||||||||||||
Stapleton Business Center | 12 | (d) | 34,634 | 139,257 | 9,384 | 34,635 | 148,640 | 183,275 | -47,204 | 2005 | |||||||||||||||||||||||||||||
Upland Distribution Center | 6 | (d) | 4,064 | 19,844 | 5,335 | 4,077 | 25,166 | 29,243 | -5,414 | 1994, 1995, 2014 | |||||||||||||||||||||||||||||
Upland Distribution Center II | 2 | (d) | 1,396 | 5,603 | 2,136 | 1,409 | 7,726 | 9,135 | -2,756 | 1993, 2014 | |||||||||||||||||||||||||||||
Denver, Colorado | 27 | 49,184 | 203,845 | 19,389 | 49,211 | 223,207 | 272,418 | -59,738 | |||||||||||||||||||||||||||||||
El Paso, Texas | |||||||||||||||||||||||||||||||||||||||
Vista Corporate Center | 1 | 649 | 6,220 | - | 649 | 6,220 | 6,869 | -48 | 2014 | ||||||||||||||||||||||||||||||
Vista Del Sol Ind Ctr III | 1 | 2,040 | 8,840 | 85 | 2,040 | 8,925 | 10,965 | -739 | 2012 | ||||||||||||||||||||||||||||||
Vista Del Sol Industrial Center II | 2 | 366 | - | 7,829 | 796 | 7,399 | 8,195 | -3,931 | 1997, 1998 | ||||||||||||||||||||||||||||||
El Paso, Texas | 4 | 3,055 | 15,060 | 7,914 | 3,485 | 22,544 | 26,029 | -4,718 | |||||||||||||||||||||||||||||||
Houston, Texas | |||||||||||||||||||||||||||||||||||||||
Blalock Distribution Center | 3 | (d) | 5,032 | 21,983 | 3,178 | 5,031 | 25,162 | 30,193 | -4,540 | 2002, 2012 | |||||||||||||||||||||||||||||
Crosstimbers Distribution Center | 1 | 359 | 2,035 | 1,284 | 359 | 3,319 | 3,678 | -2,350 | 1994 | ||||||||||||||||||||||||||||||
IAH Cargo Center 1 | 1 | - | 13,267 | 252 | - | 13,519 | 13,519 | -904 | 2012 | ||||||||||||||||||||||||||||||
Jersey Village Corp Ctr | 4 | (d) | 17,971 | 74,804 | 309 | 17,971 | 75,113 | 93,084 | -4,553 | 2012, 2014 | |||||||||||||||||||||||||||||
Kempwood Business Center | 4 | 1,746 | 9,894 | 3,504 | 1,746 | 13,398 | 15,144 | -6,763 | 2001 | ||||||||||||||||||||||||||||||
Northpark Distribution Center | 10 | (d) | 13,003 | 37,428 | 23,729 | 13,003 | 61,157 | 74,160 | -5,023 | 2006, 2008, 2012, | |||||||||||||||||||||||||||||
2013, 2014 | |||||||||||||||||||||||||||||||||||||||
Perimeter Distribution Center | 2 | 676 | 4,604 | 1,004 | 676 | 5,608 | 6,284 | -2,878 | 1999 | ||||||||||||||||||||||||||||||
Pine Forest Business Center | 11 | (d) | 6,042 | 28,833 | 8,637 | 6,042 | 37,470 | 43,512 | -15,103 | 1993, 1995, 2014 | |||||||||||||||||||||||||||||
Pine North Distribution Center | 2 | 847 | 4,800 | 1,203 | 847 | 6,003 | 6,850 | -3,366 | 1999 | ||||||||||||||||||||||||||||||
Pinemont Distribution Center | 2 | 642 | 3,636 | 1,000 | 642 | 4,636 | 5,278 | -2,601 | 1999 | ||||||||||||||||||||||||||||||
Post Oak Business Center | 11 | 2,334 | 11,655 | 9,663 | 2,334 | 21,318 | 23,652 | -14,285 | 1993, 1994, 1996 | ||||||||||||||||||||||||||||||
Post Oak Distribution Center | 5 | 1,522 | 8,758 | 6,107 | 1,522 | 14,865 | 16,387 | -10,719 | 1993, 1994 | ||||||||||||||||||||||||||||||
South Loop Distribution Center | 2 | 418 | 1,943 | 2,213 | 418 | 4,156 | 4,574 | -2,699 | 1994 | ||||||||||||||||||||||||||||||
Southland Distribution Center | 2 | 2,505 | 12,437 | 2,000 | 2,505 | 14,437 | 16,942 | -4,414 | 2002, 2012 | ||||||||||||||||||||||||||||||
Sugarland Corp Ctr | 2 | (d) | 3,506 | 14,856 | - | 3,506 | 14,856 | 18,362 | -115 | 2014 | |||||||||||||||||||||||||||||
West by Northwest Industrial Center | 9 | (d) | 11,316 | 47,649 | 3,713 | 11,456 | 51,222 | 62,678 | -5,342 | 1993, 1994, 2012, | |||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||||
White Street Distribution Center | 1 | 469 | 2,656 | 2,420 | 469 | 5,076 | 5,545 | -3,308 | 1995 | ||||||||||||||||||||||||||||||
Wingfoot Dist Ctr | 2 | 1,976 | 8,606 | 3,436 | 1,976 | 12,042 | 14,018 | -1,226 | 2012, 2013 | ||||||||||||||||||||||||||||||
World Houston Dist Ctr | 1 | 1,529 | 6,326 | 42 | 1,529 | 6,368 | 7,897 | -486 | 2012 | ||||||||||||||||||||||||||||||
Houston, Texas | 75 | 71,893 | 316,170 | 73,694 | 72,032 | 389,725 | 461,757 | -90,675 | |||||||||||||||||||||||||||||||
Indianapolis, Indiana | |||||||||||||||||||||||||||||||||||||||
Airport Bus Ctr | 2 | (d) | 1,667 | 7,244 | 6 | 1,667 | 7,250 | 8,917 | -58 | 2014 | |||||||||||||||||||||||||||||
Airtech Park | 1 | (d) | 7,305 | 31,388 | 1 | 7,305 | 31,389 | 38,694 | -250 | 2014 | |||||||||||||||||||||||||||||
Eastside Distribution Center | 1 | 228 | 1,187 | 2,068 | 299 | 3,184 | 3,483 | -1,807 | 1995 | ||||||||||||||||||||||||||||||
North by Northeast Corporate Center | 1 | 1,058 | - | 9,157 | 1,059 | 9,156 | 10,215 | -4,848 | 1995 | ||||||||||||||||||||||||||||||
North Plainfield Park Dist Ctr | 1 | (d) | 8,562 | 36,687 | - | 8,562 | 36,687 | 45,249 | -289 | 2014 | |||||||||||||||||||||||||||||
Park 100 Industrial Center | 17 | (d) | 10,410 | 43,048 | 21,491 | 10,410 | 64,539 | 74,949 | -21,704 | 1995, 2012 | |||||||||||||||||||||||||||||
Park 267 | 1 | 3,705 | 15,695 | - | 3,705 | 15,695 | 19,400 | -122 | 2014 | ||||||||||||||||||||||||||||||
Shadeland Industrial Center | 3 | 428 | 2,431 | 3,150 | 429 | 5,580 | 6,009 | -3,782 | 1995 | ||||||||||||||||||||||||||||||
Indianapolis, Indiana | 27 | 33,363 | 137,680 | 35,873 | 33,436 | 173,480 | 206,916 | -32,860 | |||||||||||||||||||||||||||||||
Jacksonville, Florida | |||||||||||||||||||||||||||||||||||||||
JAX Cargo Center | 1 | - | 2,892 | 176 | - | 3,068 | 3,068 | -894 | 2011 | ||||||||||||||||||||||||||||||
Jacksonville, Florida | 1 | - | 2,892 | 176 | - | 3,068 | 3,068 | -894 | |||||||||||||||||||||||||||||||
Kansas City, Kansas | |||||||||||||||||||||||||||||||||||||||
MCI Cargo Center 1 | 1 | - | 2,781 | 11 | - | 2,792 | 2,792 | -1,297 | 2011 | ||||||||||||||||||||||||||||||
MCI Cargo Center 2 | 1 | - | 11,630 | - | - | 11,630 | 11,630 | -2,557 | 2011 | ||||||||||||||||||||||||||||||
Kansas City, Kansas | 2 | - | 14,411 | 11 | - | 14,422 | 14,422 | -3,854 | |||||||||||||||||||||||||||||||
Las Vegas, Nevada | |||||||||||||||||||||||||||||||||||||||
Black Mountain Distribution Center | 2 | 1,108 | - | 8,022 | 1,206 | 7,924 | 9,130 | -3,972 | 1997 | ||||||||||||||||||||||||||||||
Cameron Business Center | 1 | 1,634 | 9,255 | 1,580 | 1,634 | 10,835 | 12,469 | -5,332 | 1999 | ||||||||||||||||||||||||||||||
Las Vegas Corporate Center | 3 | (d) | 7,800 | 32,899 | - | 7,800 | 32,899 | 40,699 | -251 | 2014 | |||||||||||||||||||||||||||||
Sunrise Ind Park | 9 | 21,369 | 92,503 | 2,578 | 21,369 | 95,081 | 116,450 | -5,132 | 2011, 2013, 2014 | ||||||||||||||||||||||||||||||
West One Business Center | 4 | 2,468 | 13,985 | 5,261 | 2,468 | 19,246 | 21,714 | -11,475 | 1996 | ||||||||||||||||||||||||||||||
Las Vegas, Nevada | 19 | 34,379 | 148,642 | 17,441 | 34,477 | 165,985 | 200,462 | -26,162 | |||||||||||||||||||||||||||||||
Louisville, Kentucky | |||||||||||||||||||||||||||||||||||||||
Cedar Grove Distribution Center | 3 | 9,611 | 45,964 | 3,582 | 9,610 | 49,547 | 59,157 | -10,348 | 2005, 2008, 2012 | ||||||||||||||||||||||||||||||
Commerce Crossings Distribution Center | 1 | 1,912 | 7,649 | 186 | 1,912 | 7,835 | 9,747 | -2,454 | 2005 | ||||||||||||||||||||||||||||||
I-65 Meyer Dist. Center | 2 | (d | ) | 7,770 | 15,282 | 24,535 | 8,077 | 39,510 | 47,587 | -7,640 | 2006, 2012 | ||||||||||||||||||||||||||||
New Cut Road Dist Ctr | 1 | 2,711 | 11,694 | 621 | 2,711 | 12,315 | 15,026 | -1,378 | 2012 | ||||||||||||||||||||||||||||||
Riverport Distribution Center | 1 | 1,515 | 8,585 | 2,824 | 1,515 | 11,409 | 12,924 | -6,894 | 1999 | ||||||||||||||||||||||||||||||
Louisville, Kentucky | 8 | 23,519 | 89,174 | 31,748 | 23,825 | 120,616 | 144,441 | -28,714 | |||||||||||||||||||||||||||||||
Memphis, Tennessee | |||||||||||||||||||||||||||||||||||||||
Delp Distribution Center | 3 | 1,068 | 10,546 | 583 | 1,068 | 11,129 | 12,197 | -7,304 | 1995 | ||||||||||||||||||||||||||||||
DeSoto Distribution Center | 2 | (d | ) | 5,769 | 4,359 | 27,079 | 5,769 | 31,438 | 37,207 | -5,904 | 2007, 2014 | ||||||||||||||||||||||||||||
Memphis Distribution Center | 4 | 9,506 | 42,731 | 1,365 | 9,390 | 44,212 | 53,602 | -6,307 | 2002, 2012 | ||||||||||||||||||||||||||||||
Memphis Ind Park | 2 | 3,252 | 14,448 | 190 | 3,252 | 14,638 | 17,890 | -1,694 | 2012 | ||||||||||||||||||||||||||||||
Olive Branch Distribution Center | 1 | (d | ) | 6,719 | 31,134 | 328 | 6,719 | 31,462 | 38,181 | -3,856 | 2012 | ||||||||||||||||||||||||||||
Stateline Park | 1 | 3,943 | 17,714 | 19 | 3,943 | 17,733 | 21,676 | -150 | 2014 | ||||||||||||||||||||||||||||||
Willow Lake Distribution Center | 1 | 613 | 3,474 | -25 | 613 | 3,449 | 4,062 | -2,068 | 1999 | ||||||||||||||||||||||||||||||
Memphis, Tennessee | 14 | 30,870 | 124,406 | 29,539 | 30,754 | 154,061 | 184,815 | -27,283 | |||||||||||||||||||||||||||||||
Nashville, Tennessee | |||||||||||||||||||||||||||||||||||||||
CentrePointe Distribution Center | 2 | (d | ) | 3,760 | 15,042 | 72 | 3,760 | 15,114 | 18,874 | -525 | 2013 | ||||||||||||||||||||||||||||
Elam Farms Park | 1 | 2,097 | 8,386 | 1,834 | 2,097 | 10,220 | 12,317 | -585 | 2013 | ||||||||||||||||||||||||||||||
I-40 Industrial Center | 4 | 3,075 | 15,333 | 3,713 | 3,075 | 19,046 | 22,121 | -7,202 | 1995, 1996, 1999, | ||||||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||||||||
Interchange City Distribution Center | 11 | (d | ) | 11,460 | 51,905 | 1,640 | 11,460 | 53,545 | 65,005 | -2,203 | 1999, 2012, 2014 | ||||||||||||||||||||||||||||
Southpark Distribution Center | 4 | (d | ) | 11,834 | 47,336 | 626 | 11,834 | 47,962 | 59,796 | -1,654 | 2013 | ||||||||||||||||||||||||||||
Nashville, Tennessee | 22 | 32,226 | 138,002 | 7,885 | 32,226 | 145,887 | 178,113 | -12,169 | |||||||||||||||||||||||||||||||
New Jersey/New York | |||||||||||||||||||||||||||||||||||||||
Brunswick Distribution Center | 2 | 870 | 4,928 | 2,855 | 870 | 7,783 | 8,653 | -5,055 | 1997 | ||||||||||||||||||||||||||||||
CenterPoint Dist Ctr | 1 | 2,839 | 12,490 | 1,753 | 2,839 | 14,243 | 17,082 | -1,684 | 2012 | ||||||||||||||||||||||||||||||
Chester Distribution Center | 1 | 548 | 5,319 | 300 | 548 | 5,619 | 6,167 | -4,169 | 2002 | ||||||||||||||||||||||||||||||
Clifton Dist Ctr | 1 | 8,064 | 12,096 | 1,322 | 8,064 | 13,418 | 21,482 | -2,031 | 2010 | ||||||||||||||||||||||||||||||
Cranbury Bus Park | 8 | (d | ) | 43,056 | 93,306 | 2,013 | 43,056 | 95,319 | 138,375 | -5,391 | 2012, 2014 | ||||||||||||||||||||||||||||
Dellamor | 7 | 6,710 | 35,478 | 2,029 | 6,710 | 37,507 | 44,217 | -5,876 | 2011 | ||||||||||||||||||||||||||||||
Docks Corner SG (Phase II) | 1 | 16,232 | 19,264 | 5,677 | 16,232 | 24,941 | 41,173 | -5,680 | 2011 | ||||||||||||||||||||||||||||||
Exit 10 Distribution Center | 7 | (d | ) | 24,152 | 130,270 | 7,881 | 24,152 | 138,151 | 162,303 | -42,058 | 2005, 2010 | ||||||||||||||||||||||||||||
Exit 8A Distribution Center | 2 | (d | ) | 21,164 | 87,001 | 563 | 21,164 | 87,564 | 108,728 | -14,166 | 2005, 2014 | ||||||||||||||||||||||||||||
Franklin Comm Ctr | 1 | 9,304 | 23,768 | 81 | 9,304 | 23,849 | 33,153 | -2,641 | 2011 | ||||||||||||||||||||||||||||||
Highway 17 55 Madis | 1 | 2,937 | 13,477 | 1,057 | 2,937 | 14,534 | 17,471 | -2,114 | 2011 | ||||||||||||||||||||||||||||||
JFK Cargo Center 75_77 | 2 | - | 35,916 | 3,031 | - | 38,947 | 38,947 | -15,166 | 2011 | ||||||||||||||||||||||||||||||
Kilmer Distribution Center | 4 | (d | ) | 2,526 | 14,313 | 4,206 | 2,526 | 18,519 | 21,045 | -11,514 | 1996 | ||||||||||||||||||||||||||||
Liberty Log Ctr | 1 | 3,273 | 24,029 | 82 | 3,273 | 24,111 | 27,384 | -2,429 | 2011 | ||||||||||||||||||||||||||||||
Linden Industrial | 1 | 1,321 | 7,523 | 517 | 1,321 | 8,040 | 9,361 | -1,077 | 2011 | ||||||||||||||||||||||||||||||
Mahwah Corporate Center | 4 | 12,695 | 27,342 | 894 | 12,695 | 28,236 | 40,931 | -3,813 | 2011 | ||||||||||||||||||||||||||||||
Meadow Lane | 1 | 1,036 | 6,388 | 2 | 1,036 | 6,390 | 7,426 | -977 | 2011 | ||||||||||||||||||||||||||||||
Meadowland Distribution Center | 4 | (d | ) | 10,271 | 57,480 | 4,923 | 10,271 | 62,403 | 72,674 | -19,387 | 2005 | ||||||||||||||||||||||||||||
Meadowland Industrial Center | 7 | (d | ) | 4,190 | 13,469 | 17,338 | 4,190 | 30,807 | 34,997 | -19,933 | 1996, 1998 | ||||||||||||||||||||||||||||
Meadowlands ALFII | 3 | 3,972 | 18,895 | 3,042 | 3,972 | 21,937 | 25,909 | -2,768 | 2011 | ||||||||||||||||||||||||||||||
Meadowlands Park | 8 | 6,898 | 41,471 | 1,790 | 6,898 | 43,261 | 50,159 | -6,510 | 2011 | ||||||||||||||||||||||||||||||
Mooncreek Distribution Center | 1 | 3,319 | 13,422 | 15 | 3,319 | 13,437 | 16,756 | -2,227 | 2011 | ||||||||||||||||||||||||||||||
Murray Hill Parkway | 2 | 2,907 | 12,040 | 225 | 2,907 | 12,265 | 15,172 | -1,686 | 2011 | ||||||||||||||||||||||||||||||
National Dist Ctr | 2 | (d | ) | 2,417 | 4,244 | 128 | 2,417 | 4,372 | 6,789 | -58 | 2014 | ||||||||||||||||||||||||||||
Newark Airport I and II | 2 | 2,757 | 8,749 | 368 | 2,757 | 9,117 | 11,874 | -1,154 | 2011 | ||||||||||||||||||||||||||||||
Orchard Hill | 1 | 678 | 3,756 | 20 | 678 | 3,776 | 4,454 | -616 | 2011 | ||||||||||||||||||||||||||||||
Pennsauken Distribution Center | 2 | 192 | 959 | 509 | 203 | 1,457 | 1,660 | -827 | 1999 | ||||||||||||||||||||||||||||||
Porete Avenue Warehouse | 1 | 5,386 | 21,869 | 435 | 5,386 | 22,304 | 27,690 | -2,645 | 2011 | ||||||||||||||||||||||||||||||
Port Reading Business Park | 2 | (d | ) | 28,374 | 39,914 | 24,819 | 28,374 | 64,733 | 93,107 | -8,306 | 2005, 2014 | ||||||||||||||||||||||||||||
Ports Jersey City Distribution Center | 1 | 34,133 | - | 60,354 | 34,133 | 60,354 | 94,487 | -663 | 2014 | ||||||||||||||||||||||||||||||
Portview Commerce Center | 3 | (d | ) | 9,577 | 21,581 | 17,790 | 9,797 | 39,151 | 48,948 | -3,267 | 2011, 2012 | ||||||||||||||||||||||||||||
Rancocas Dist Ctr | 1 | 4,103 | 17,291 | 235 | 4,103 | 17,526 | 21,629 | -1,832 | 2012 | ||||||||||||||||||||||||||||||
Secaucus Dist Ctr | 2 | (d | ) | 9,603 | - | 26,882 | 9,603 | 26,882 | 36,485 | -1,384 | 2012 | ||||||||||||||||||||||||||||
Skyland Crossdock | 1 | - | 9,831 | 1,293 | - | 11,124 | 11,124 | -1,825 | 2011 | ||||||||||||||||||||||||||||||
South Jersey Distribution Center | 1 | 6,912 | 17,437 | 181 | 6,912 | 17,618 | 24,530 | -922 | 2013 | ||||||||||||||||||||||||||||||
Teterboro Meadowlands 15 | 1 | 5,837 | 23,214 | - | 5,837 | 23,214 | 29,051 | -3,067 | 2011 | ||||||||||||||||||||||||||||||
Two South Middlesex | 1 | 4,389 | 8,410 | 441 | 4,389 | 8,851 | 13,240 | -1,494 | 2011 | ||||||||||||||||||||||||||||||
New Jersey/New York | 91 | 302,642 | 886,940 | 195,051 | 302,873 | 1,081,760 | 1,384,633 | -206,412 | |||||||||||||||||||||||||||||||
Norfolk, Virginia | |||||||||||||||||||||||||||||||||||||||
Chesapeake Dist Ctr | 1 | 2,335 | 9,665 | - | 2,335 | 9,665 | 12,000 | -72 | 2014 | ||||||||||||||||||||||||||||||
Norfolk, Virginia | 1 | 2,335 | 9,665 | - | 2,335 | 9,665 | 12,000 | -72 | |||||||||||||||||||||||||||||||
Orlando, Florida | |||||||||||||||||||||||||||||||||||||||
Beltway Commerce Center | 3 | 17,082 | 25,526 | 8,595 | 17,082 | 34,121 | 51,203 | -4,497 | 2008 | ||||||||||||||||||||||||||||||
Chancellor Distribution Center | 1 | 380 | 2,157 | 2,566 | 380 | 4,723 | 5,103 | -2,933 | 1994 | ||||||||||||||||||||||||||||||
Chancellor Square | 3 | 2,087 | 9,708 | 2,150 | 2,087 | 11,858 | 13,945 | -1,615 | 2011 | ||||||||||||||||||||||||||||||
Consulate Distribution Center | 5 | (d | ) | 6,105 | 31,961 | 2,111 | 6,105 | 34,072 | 40,177 | -13,678 | 1999, 2014 | ||||||||||||||||||||||||||||
Davenport Dist Ctr | 1 | 934 | 3,991 | 96 | 934 | 4,087 | 5,021 | -439 | 2012 | ||||||||||||||||||||||||||||||
Orlando Central Park | 1 | 1,398 | 5,977 | 400 | 1,398 | 6,377 | 7,775 | -765 | 2012 | ||||||||||||||||||||||||||||||
Orlando Corp Ctr | 6 | (d | ) | 8,061 | 34,860 | 251 | 8,061 | 35,111 | 43,172 | -279 | 2014 | ||||||||||||||||||||||||||||
Presidents Drive | 6 | 6,845 | 31,180 | 3,937 | 6,845 | 35,117 | 41,962 | -5,198 | 2011 | ||||||||||||||||||||||||||||||
Sand Lake Service Center | 6 | 3,704 | 19,546 | 3,169 | 3,704 | 22,715 | 26,419 | -3,410 | 2011 | ||||||||||||||||||||||||||||||
Orlando, Florida | 32 | 46,596 | 164,906 | 23,275 | 46,596 | 188,181 | 234,777 | -32,814 | |||||||||||||||||||||||||||||||
Phoenix, Arizona | |||||||||||||||||||||||||||||||||||||||
24th Street Industrial Center | 2 | 503 | 2,852 | 1,909 | 561 | 4,703 | 5,264 | (3,458 | ) | 1994 | |||||||||||||||||||||||||||||
Alameda Distribution Center | 2 | 3,872 | 14,358 | 2,474 | 3,872 | 16,832 | 20,704 | (5,566 | ) | 2005 | |||||||||||||||||||||||||||||
Brookridge Dist Ctr | 1 | (d | ) | 3,897 | 16,852 | 7 | 3,897 | 16,859 | 20,756 | (135 | ) | 2014 | |||||||||||||||||||||||||||
Hohokam 10 Business Center | 1 | 1,317 | 7,468 | 1,306 | 1,318 | 8,773 | 10,091 | (4,587 | ) | 1999 | |||||||||||||||||||||||||||||
Kyrene Commons Distribution Center | 3 | 1,093 | 5,475 | 2,500 | 1,093 | 7,975 | 9,068 | (4,895 | ) | 1992, 1998, 1999 | |||||||||||||||||||||||||||||
Papago Distribution Center | 3 | 4,828 | 20,017 | 4,919 | 4,829 | 24,935 | 29,764 | (9,573 | ) | 1994, 2005 | |||||||||||||||||||||||||||||
Phoenix Distribution Center | 1 | 1,441 | 5,578 | 216 | 1,441 | 5,794 | 7,235 | (501 | ) | 2012 | |||||||||||||||||||||||||||||
University Dr Distribution Center | 1 | 683 | 2,735 | 454 | 683 | 3,189 | 3,872 | (1,009 | ) | 2005 | |||||||||||||||||||||||||||||
Watkins Street Distribution Center | 1 | 242 | 1,375 | 596 | 243 | 1,970 | 2,213 | (1,340 | ) | 1995 | |||||||||||||||||||||||||||||
Wilson Drive Distribution Center | 1 | 1,273 | 5,093 | 926 | 1,273 | 6,019 | 7,292 | (1,951 | ) | 2005 | |||||||||||||||||||||||||||||
Phoenix, Arizona | 16 | 19,149 | 81,803 | 15,307 | 19,210 | 97,049 | 116,259 | (33,015 | ) | ||||||||||||||||||||||||||||||
Portland, Oregon | |||||||||||||||||||||||||||||||||||||||
Clackamas Dist Ctr | 5 | (d | ) | 8,828 | 29,081 | 80 | 8,828 | 29,161 | 37,989 | (841 | ) | 2012, 2014 | |||||||||||||||||||||||||||
PDX Cargo Center Airtrans | 2 | - | 13,697 | 211 | - | 13,908 | 13,908 | (2,725 | ) | 2011 | |||||||||||||||||||||||||||||
PDX Corporate Center East | 4 | (d | ) | 7,126 | 22,413 | 47 | 7,126 | 22,460 | 29,586 | (171 | ) | 2014 | |||||||||||||||||||||||||||
PDX Corporate Center North Phase II | 4 | (d | )(e) | 10,293 | 26,183 | 1,835 | 10,293 | 28,018 | 38,311 | (2,290 | ) | 2008, 2014 | |||||||||||||||||||||||||||
Southshore Corporate Center | 2 | (d | )(e) | 7,059 | 24,799 | (251 | ) | 7,117 | 24,490 | 31,607 | (3,934 | ) | 2006, 2014 | ||||||||||||||||||||||||||
Portland, Oregon | 17 | 33,306 | 116,173 | 1,922 | 33,364 | 118,037 | 151,401 | (9,961 | ) | ||||||||||||||||||||||||||||||
Reno, Nevada | |||||||||||||||||||||||||||||||||||||||
Damonte Ranch Dist Ctr | 3 | (d | ) | 8,764 | 37,135 | 877 | 8,764 | 38,012 | 46,776 | (3,290 | ) | 2012, 2014 | |||||||||||||||||||||||||||
Golden Valley Distribution Center | 1 | 940 | 13,686 | 2,223 | 2,415 | 14,434 | 16,849 | (4,570 | ) | 2005 | |||||||||||||||||||||||||||||
Meredith Kleppe Business Center | 5 | (d | ) | 2,988 | 11,271 | 3,674 | 2,988 | 14,945 | 17,933 | (3,274 | ) | 1993, 2014 | |||||||||||||||||||||||||||
Packer Way Distribution Center | 2 | 506 | 2,879 | 1,921 | 506 | 4,800 | 5,306 | (3,480 | ) | 1993 | |||||||||||||||||||||||||||||
RNO Cargo Center 10_11 | 2 | - | 4,265 | 306 | - | 4,571 | 4,571 | (1,103 | ) | 2011 | |||||||||||||||||||||||||||||
Tahoe-Reno Industrial Center | 1 | 3,281 | - | 23,844 | 3,281 | 23,844 | 27,125 | (4,971 | ) | 2007 | |||||||||||||||||||||||||||||
Vista Industrial Park | 6 | (d | ) | 5,923 | 26,807 | 10,192 | 5,923 | 36,999 | 42,922 | (17,670 | ) | 1994, 2001 | |||||||||||||||||||||||||||
Reno, Nevada | 20 | 22,402 | 96,043 | 43,037 | 23,877 | 137,605 | 161,482 | (38,358 | ) | ||||||||||||||||||||||||||||||
Salt Lake City, Utah | |||||||||||||||||||||||||||||||||||||||
Clearfield Ind Ctr | 1 | 3,485 | 15,581 | - | 3,485 | 15,581 | 19,066 | (184 | ) | 2014 | |||||||||||||||||||||||||||||
Crossroads Corp Ctr | 2 | (d | ) | 4,007 | 16,855 | 106 | 4,005 | 16,963 | 20,968 | (794 | ) | 2012, 2014 | |||||||||||||||||||||||||||
Salt Lake City, Utah | 3 | 7,492 | 32,436 | 106 | 7,490 | 32,544 | 40,034 | (978 | ) | ||||||||||||||||||||||||||||||
San Antonio, Texas | |||||||||||||||||||||||||||||||||||||||
Coliseum Distribution Center | 2 | (d | ) | 1,607 | 6,968 | - | 1,607 | 6,968 | 8,575 | (56 | ) | 2014 | |||||||||||||||||||||||||||
Director Drive Dist Ctr | 2 | 1,271 | 5,455 | 220 | 1,271 | 5,675 | 6,946 | (729 | ) | 2012 | |||||||||||||||||||||||||||||
Downtown Dist Ctr | 1 | 579 | 2,539 | - | 579 | 2,539 | 3,118 | (21 | ) | 2014 | |||||||||||||||||||||||||||||
Eisenhauer Distribution Center | 5 | (d | ) | 5,042 | 21,684 | 388 | 5,042 | 22,072 | 27,114 | (1,840 | ) | 2012, 2014 | |||||||||||||||||||||||||||
Interchange East Dist Ctr | 1 | 1,496 | 6,535 | 234 | 1,496 | 6,769 | 8,265 | (1,098 | ) | 2012 | |||||||||||||||||||||||||||||
Landmark One Dist Ctr | 1 | (d | ) | 857 | 3,699 | - | 857 | 3,699 | 4,556 | (29 | ) | 2014 | |||||||||||||||||||||||||||
Macro Distribution Center | 4 | (d | ) | 2,535 | 12,647 | 3,900 | 2,535 | 16,547 | 19,082 | (4,757 | ) | 2002, 2014 | |||||||||||||||||||||||||||
Perrin Creek Corporate Center | 10 | (d | ) | 9,770 | 41,337 | 177 | 9,770 | 41,514 | 51,284 | (2,503 | ) | 2012, 2014 | |||||||||||||||||||||||||||
Rittiman East Industrial Park | 2 | 4,848 | 19,223 | 2,804 | 4,848 | 22,027 | 26,875 | (6,192 | ) | 2006 | |||||||||||||||||||||||||||||
Rittiman West Industrial Park | 2 | 1,230 | 4,950 | 1,159 | 1,230 | 6,109 | 7,339 | (1,949 | ) | 2006 | |||||||||||||||||||||||||||||
San Antonio Distribution Center I | 6 | 1,203 | 4,648 | 7,363 | 1,203 | 12,011 | 13,214 | (8,928 | ) | 1993 | |||||||||||||||||||||||||||||
San Antonio Distribution Center II | 3 | 885 | - | 7,588 | 885 | 7,588 | 8,473 | (4,297 | ) | 1994 | |||||||||||||||||||||||||||||
San Antonio Distribution Center III | 6 | (d | ) | 5,079 | 23,372 | 956 | 5,083 | 24,324 | 29,407 | (2,976 | ) | 1996, 2012, 2014 | |||||||||||||||||||||||||||
Tri-County Distribution Center | 4 | (d | ) | 6,888 | 28,693 | 651 | 6,889 | 29,343 | 36,232 | (3,467 | ) | 2007, 2014 | |||||||||||||||||||||||||||
Valley Industrial Center | 1 | 363 | - | 4,872 | 363 | 4,872 | 5,235 | (2,504 | ) | 1997 | |||||||||||||||||||||||||||||
San Antonio, Texas | 50 | 43,653 | 181,750 | 30,312 | 43,658 | 212,057 | 255,715 | (41,346 | ) | ||||||||||||||||||||||||||||||
San Francisco Bay Area, California | |||||||||||||||||||||||||||||||||||||||
Acer Distribution Center | 1 | (d | ) | 3,368 | 15,139 | 209 | 3,368 | 15,348 | 18,716 | (2,423 | ) | 2011 | |||||||||||||||||||||||||||
Alvarado Business Center | 10 | (d | ) | 20,739 | 62,595 | 6,332 | 20,739 | 68,927 | 89,666 | (22,002 | ) | 2005 | |||||||||||||||||||||||||||
Bayshore Distribution Center | 1 | 6,450 | 15,049 | 2,696 | 6,450 | 17,745 | 24,195 | (2,595 | ) | 2011 | |||||||||||||||||||||||||||||
Bayside Corporate Center | 7 | 4,365 | - | 20,611 | 4,365 | 20,611 | 24,976 | (13,119 | ) | 1995, 1996 | |||||||||||||||||||||||||||||
Bayside Plaza I | 12 | 5,212 | 18,008 | 8,311 | 5,216 | 26,315 | 31,531 | (17,701 | ) | 1993 | |||||||||||||||||||||||||||||
Bayside Plaza II | 2 | 634 | - | 3,576 | 634 | 3,576 | 4,210 | (2,427 | ) | 1994 | |||||||||||||||||||||||||||||
Brennan Distribution | 1 | 1,912 | 7,553 | 63 | 1,912 | 7,616 | 9,528 | (1,181 | ) | 2011 | |||||||||||||||||||||||||||||
Component Drive Ind Port | 3 | 2,829 | 13,532 | 677 | 2,829 | 14,209 | 17,038 | (2,183 | ) | 2011 | |||||||||||||||||||||||||||||
Cypress | 1 | 1,065 | 5,103 | 246 | 1,065 | 5,349 | 6,414 | (794 | ) | 2011 | |||||||||||||||||||||||||||||
Dado Distribution | 1 | 2,194 | 11,079 | 267 | 2,194 | 11,346 | 13,540 | (1,863 | ) | 2011 | |||||||||||||||||||||||||||||
Doolittle Distribution Center | 1 | 2,843 | 18,849 | 848 | 2,843 | 19,697 | 22,540 | (2,640 | ) | 2011 | |||||||||||||||||||||||||||||
Dowe Industrial Center | 2 | (d | ) | 5,884 | 20,400 | 809 | 5,884 | 21,209 | 27,093 | (3,357 | ) | 2011 | |||||||||||||||||||||||||||
Dublin Ind Portfolio | 1 | 3,241 | 15,951 | 993 | 3,241 | 16,944 | 20,185 | (2,179 | ) | 2011 | |||||||||||||||||||||||||||||
East Bay Doolittle | 1 | 4,015 | 15,988 | 1,296 | 4,015 | 17,284 | 21,299 | (2,866 | ) | 2011 | |||||||||||||||||||||||||||||
East Grand Airfreight | 2 | 3,977 | 11,730 | 464 | 3,977 | 12,194 | 16,171 | (1,523 | ) | 2011 | |||||||||||||||||||||||||||||
Edgewater Industrial Center | 1 | 6,630 | 31,153 | 1,968 | 6,630 | 33,121 | 39,751 | (5,206 | ) | 2011 | |||||||||||||||||||||||||||||
Eigenbrodt Way Distribution Center | 1 | 393 | 2,228 | 694 | 393 | 2,922 | 3,315 | (2,038 | ) | 1993 | |||||||||||||||||||||||||||||
Gateway Corporate Center | 10 | 6,736 | 24,747 | 10,340 | 6,744 | 35,079 | 41,823 | (23,670 | ) | 1993 | |||||||||||||||||||||||||||||
Hayward Commerce Center | 4 | 1,933 | 10,955 | 3,550 | 1,933 | 14,505 | 16,438 | (10,191 | ) | 1993 | |||||||||||||||||||||||||||||
Hayward Commerce Park | 2 | (d | ) | 7,131 | 11,144 | 325 | 7,131 | 11,469 | 18,600 | (121 | ) | 2014 | |||||||||||||||||||||||||||
Hayward Distribution Center | 2 | 831 | 5,510 | 3,213 | 1,038 | 8,516 | 9,554 | (6,423 | ) | 1993 | |||||||||||||||||||||||||||||
Hayward Ind - Hathaway | 2 | 6,177 | 8,271 | 25 | 6,177 | 8,296 | 14,473 | (3,244 | ) | 2011 | |||||||||||||||||||||||||||||
Hayward Industrial Center | 13 | 4,481 | 25,393 | 9,298 | 4,481 | 34,691 | 39,172 | (24,063 | ) | 1993 | |||||||||||||||||||||||||||||
Junction Industrial Park | 4 | 7,658 | 39,106 | 1,369 | 7,658 | 40,475 | 48,133 | (5,202 | ) | 2011 | |||||||||||||||||||||||||||||
Lakeside BC | 1 | 3,969 | 11,181 | 871 | 3,969 | 12,052 | 16,021 | (1,281 | ) | 2011 | |||||||||||||||||||||||||||||
Laurelwood Drive | 2 | 3,941 | 13,161 | 318 | 3,941 | 13,479 | 17,420 | (1,708 | ) | 2011 | |||||||||||||||||||||||||||||
Lawrence SSF | 1 | 2,189 | 7,498 | 149 | 2,189 | 7,647 | 9,836 | (1,128 | ) | 2011 | |||||||||||||||||||||||||||||
Livermore Distribution Center | 4 | 8,992 | 26,976 | 2,377 | 8,992 | 29,353 | 38,345 | (9,724 | ) | 2005 | |||||||||||||||||||||||||||||
Martin-Scott Ind Port | 2 | 3,546 | 9,717 | 328 | 3,546 | 10,045 | 13,591 | (1,554 | ) | 2011 | |||||||||||||||||||||||||||||
Oakland Industrial Center | 3 | (d | ) | 8,234 | 24,704 | 2,487 | 8,235 | 27,190 | 35,425 | (8,482 | ) | 2005 | |||||||||||||||||||||||||||
Overlook Distribution Center | 1 | 1,573 | 8,915 | 2,585 | 1,573 | 11,500 | 13,073 | (4,897 | ) | 1999 | |||||||||||||||||||||||||||||
Pacific Business Center | 2 | 6,075 | 26,260 | 3,909 | 6,075 | 30,169 | 36,244 | (4,122 | ) | 2011 | |||||||||||||||||||||||||||||
Pacific Commons Industrial Center | 5 | (d | )(e) | 25,784 | 77,594 | 2,190 | 25,805 | 79,763 | 105,568 | (25,247 | ) | 2005 | |||||||||||||||||||||||||||
Pacific Industrial Center | 6 | (d | ) | 21,675 | 65,083 | 4,067 | 21,675 | 69,150 | 90,825 | (21,895 | ) | 2005 | |||||||||||||||||||||||||||
San Leandro Distribution Center | 3 | 1,387 | 7,862 | 2,860 | 1,387 | 10,722 | 12,109 | (7,618 | ) | 1993 | |||||||||||||||||||||||||||||
Shoreline Business Center | 8 | 4,328 | 16,101 | 6,520 | 4,328 | 22,621 | 26,949 | (14,204 | ) | 1993 | |||||||||||||||||||||||||||||
Silicon Valley R and D | 2 | 2,567 | 10,313 | 340 | 2,567 | 10,653 | 13,220 | (1,415 | ) | 2011 | |||||||||||||||||||||||||||||
South Bay Brokaw | 3 | 4,014 | 23,296 | 822 | 4,014 | 24,118 | 28,132 | (3,174 | ) | 2011 | |||||||||||||||||||||||||||||
South Bay Junction | 2 | 3,662 | 21,120 | 1,402 | 3,662 | 22,522 | 26,184 | (2,859 | ) | 2011 | |||||||||||||||||||||||||||||
South Bay Lundy | 2 | 6,500 | 33,642 | 2,496 | 6,500 | 36,138 | 42,638 | (4,802 | ) | 2011 | |||||||||||||||||||||||||||||
Spinnaker Business Center | 12 | 7,043 | 25,220 | 11,321 | 7,043 | 36,541 | 43,584 | (23,885 | ) | 1993 | |||||||||||||||||||||||||||||
Thornton Business Center | 4 | 2,047 | 11,706 | 4,285 | 2,066 | 15,972 | 18,038 | (10,372 | ) | 1993 | |||||||||||||||||||||||||||||
TriPoint Bus Park | 4 | 9,057 | 23,727 | 4,071 | 9,057 | 27,798 | 36,855 | (3,275 | ) | 2011 | |||||||||||||||||||||||||||||
Utah Airfreight | 1 | 10,657 | 42,842 | 932 | 10,657 | 43,774 | 54,431 | (5,746 | ) | 2011 | |||||||||||||||||||||||||||||
Wiegman Road | 1 | 2,285 | 12,531 | 401 | 2,285 | 12,932 | 15,217 | (1,439 | ) | 2011 | |||||||||||||||||||||||||||||
Willow Park Ind - Ph 1 | 7 | 6,628 | 18,118 | 553 | 6,628 | 18,671 | 25,299 | (3,249 | ) | 2011 | |||||||||||||||||||||||||||||
Willow Park Ind - Ph 2 and 3 | 4 | 15,086 | 27,044 | 1,616 | 15,086 | 28,660 | 43,746 | (4,559 | ) | 2011 | |||||||||||||||||||||||||||||
Willow Park Ind - Ph 4 5 7 8 | 8 | 12,131 | 65,486 | 2,694 | 12,131 | 68,180 | 80,311 | (9,436 | ) | 2011 | |||||||||||||||||||||||||||||
Willow Park Ind - Ph 6 | 2 | 3,696 | 20,929 | 2,196 | 3,696 | 23,125 | 26,821 | (3,626 | ) | 2011 | |||||||||||||||||||||||||||||
Yosemite Drive | 1 | 2,439 | 12,068 | 288 | 2,439 | 12,356 | 14,795 | (1,567 | ) | 2011 | |||||||||||||||||||||||||||||
Zanker-Charcot Industrial | 5 | 4,867 | 28,750 | 1,362 | 4,867 | 30,112 | 34,979 | (3,832 | ) | 2011 | |||||||||||||||||||||||||||||
San Francisco Bay Area, California | 181 | 295,070 | 1,061,327 | 141,620 | 295,330 | 1,202,687 | 1,498,017 | (344,107 | ) | ||||||||||||||||||||||||||||||
Savannah, Georgia | |||||||||||||||||||||||||||||||||||||||
Morgan Bus Ctr | 1 | 2,161 | 14,680 | 1,234 | 2,161 | 15,914 | 18,075 | (1,675 | ) | 2011 | |||||||||||||||||||||||||||||
Savannah, Georgia | 1 | 2,161 | 14,680 | 1,234 | 2,161 | 15,914 | 18,075 | (1,675 | ) | ||||||||||||||||||||||||||||||
Seattle, Washington | |||||||||||||||||||||||||||||||||||||||
East Valley Warehouse | 1 | (d | )(e) | 10,472 | 57,825 | 793 | 10,472 | 58,618 | 69,090 | (6,704 | ) | 2011 | |||||||||||||||||||||||||||
Fife Distribution Center | 1 | 3,245 | - | 13,366 | 3,245 | 13,366 | 16,611 | (401 | ) | 2013 | |||||||||||||||||||||||||||||
Harvest Business Park | 3 | 3,541 | 18,827 | 747 | 3,541 | 19,574 | 23,115 | (2,488 | ) | 2011 | |||||||||||||||||||||||||||||
Kent Centre Corporate Park | 4 | 5,397 | 21,599 | 656 | 5,397 | 22,255 | 27,652 | (2,856 | ) | 2011 | |||||||||||||||||||||||||||||
Kingsport Industrial Park | 7 | 16,605 | 48,942 | 2,233 | 16,800 | 50,980 | 67,780 | (8,620 | ) | 2011 | |||||||||||||||||||||||||||||
Northwest Distribution Center | 3 | 5,114 | 24,090 | 1,747 | 5,114 | 25,837 | 30,951 | (3,273 | ) | 2011 | |||||||||||||||||||||||||||||
ProLogis Park SeaTac | 2 | (d | ) | 12,230 | 14,170 | 3,453 | 12,457 | 17,396 | 29,853 | (3,124 | ) | 2008 | |||||||||||||||||||||||||||
Puget Sound Airfreight | 1 | 1,408 | 4,201 | 210 | 1,408 | 4,411 | 5,819 | (572 | ) | 2011 | |||||||||||||||||||||||||||||
Renton Northwest Corp. Park | 4 | 5,102 | 17,946 | 478 | 5,102 | 18,424 | 23,526 | (2,800 | ) | 2011 | |||||||||||||||||||||||||||||
SEA Cargo Center North | 1 | - | 10,279 | 40 | - | 10,319 | 10,319 | (5,674 | ) | 2011 | |||||||||||||||||||||||||||||
SEA Cargo Center South | 1 | - | 2,745 | 11 | - | 2,756 | 2,756 | (2,722 | ) | 2011 | |||||||||||||||||||||||||||||
Sumner Landing | 1 | (e | ) | 10,332 | 32,545 | 767 | 10,332 | 33,312 | 43,644 | (3,391 | ) | 2011 | |||||||||||||||||||||||||||
Van Doren’s Distribution Center | 1 | (d | ) | 3,166 | 7,716 | 7 | 3,166 | 7,723 | 10,889 | (58 | ) | 2014 | |||||||||||||||||||||||||||
Seattle, Washington | 30 | 76,612 | 260,885 | 24,508 | 77,034 | 284,971 | 362,005 | (42,683 | ) | ||||||||||||||||||||||||||||||
South Florida | |||||||||||||||||||||||||||||||||||||||
Airport West Distribution Center | 2 | (d | ) | 1,253 | 3,825 | 4,109 | 1,974 | 7,213 | 9,187 | (3,697 | ) | 1995, 1998 | |||||||||||||||||||||||||||
Beacon Centre | 18 | 37,998 | 196,004 | 8,256 | 37,998 | 204,260 | 242,258 | (24,652 | ) | 2011 | |||||||||||||||||||||||||||||
Beacon Industrial Park | 8 | (d | ) | 20,139 | 68,093 | 3,405 | 20,139 | 71,498 | 91,637 | (8,627 | ) | 2011 | |||||||||||||||||||||||||||
Beacon Lakes | 2 | 6,504 | - | 18,865 | 6,504 | 18,865 | 25,369 | (308 | ) | 2012, 2014 | |||||||||||||||||||||||||||||
Blue Lagoon Business Park | 2 | (d | ) | 9,189 | 29,451 | 1,336 | 9,189 | 30,787 | 39,976 | (4,025 | ) | 2011 | |||||||||||||||||||||||||||
CenterPort Distribution Center | 5 | (d | ) | 8,802 | 22,504 | 3,121 | 8,922 | 25,505 | 34,427 | (8,511 | ) | 1999, 2012 | |||||||||||||||||||||||||||
Copans Distribution Center | 2 | 504 | 2,857 | 1,486 | 504 | 4,343 | 4,847 | (2,151 | ) | 1997, 1998 | |||||||||||||||||||||||||||||
Dolphin Distribution Center | 1 | 2,716 | 7,364 | 866 | 2,716 | 8,230 | 10,946 | (1,397 | ) | 2011 | |||||||||||||||||||||||||||||
International Corp Park | 2 | 10,596 | 15,898 | 2,211 | 10,596 | 18,109 | 28,705 | (2,643 | ) | 2010 | |||||||||||||||||||||||||||||
Marlin Distribution Center | 1 | 1,844 | 6,603 | 361 | 1,844 | 6,964 | 8,808 | (1,041 | ) | 2011 | |||||||||||||||||||||||||||||
Miami Airport Business Center | 6 | 11,173 | 45,921 | 2,115 | 11,173 | 48,036 | 59,209 | (6,548 | ) | 2011 | |||||||||||||||||||||||||||||
North Andrews Distribution Center | 1 | 698 | 3,956 | 391 | 698 | 4,347 | 5,045 | (2,804 | ) | 1994 | |||||||||||||||||||||||||||||
Pompano Beach Distribution Center | 3 | 11,035 | 15,136 | 3,692 | 11,035 | 18,828 | 29,863 | (2,772 | ) | 2008 | |||||||||||||||||||||||||||||
Pompano Center of Commer | 5 | 5,171 | 13,930 | 391 | 5,171 | 14,321 | 19,492 | (1,689 | ) | 2011 | |||||||||||||||||||||||||||||
Port Lauderdale Distribution Center | 7 | (d | ) | 37,472 | 69,457 | 9,239 | 38,781 | 77,387 | 116,168 | (5,328 | ) | 1997, 2012, 2014 | |||||||||||||||||||||||||||
ProLogis Park I-595 | 2 | (d | ) | 1,998 | 11,326 | 959 | 1,999 | 12,284 | 14,283 | (4,932 | ) | 2003 | |||||||||||||||||||||||||||
Sawgrass Distribution Center | 2 | 10,016 | - | 15,142 | 10,016 | 15,142 | 25,158 | (1,876 | ) | 2009 | |||||||||||||||||||||||||||||
Tarpon Distribution Center | 1 | 1,847 | 6,451 | 179 | 1,847 | 6,630 | 8,477 | (1,153 | ) | 2011 | |||||||||||||||||||||||||||||
South Florida | 70 | 178,955 | 518,776 | 76,124 | 181,106 | 592,749 | 773,855 | (84,154 | ) | ||||||||||||||||||||||||||||||
Southern California | |||||||||||||||||||||||||||||||||||||||
Anaheim Industrial Center | 12 | 31,086 | 57,836 | 2,815 | 31,086 | 60,651 | 91,737 | (19,039 | ) | 2005 | |||||||||||||||||||||||||||||
Anaheim Industrial Property | 1 | 5,096 | 10,816 | 71 | 5,096 | 10,887 | 15,983 | (1,375 | ) | 2011 | |||||||||||||||||||||||||||||
Arrow Ind. Park | 2 | 4,840 | 8,120 | 866 | 4,840 | 8,986 | 13,826 | (1,125 | ) | 2012 | |||||||||||||||||||||||||||||
Artesia Industrial | 19 | 68,691 | 145,492 | 5,223 | 68,691 | 150,715 | 219,406 | (21,283 | ) | 2011 | |||||||||||||||||||||||||||||
Bell Ranch Distribution | 4 | 5,539 | 23,092 | 1,657 | 5,539 | 24,749 | 30,288 | (3,491 | ) | 2011 | |||||||||||||||||||||||||||||
Brea Ind Ctr | 1 | 2,488 | 4,062 | 287 | 2,488 | 4,349 | 6,837 | (471 | ) | 2012 | |||||||||||||||||||||||||||||
California Commerce Center | 5 | 18,708 | 35,633 | 2,465 | 18,708 | 38,098 | 56,806 | (3,457 | ) | 2012, 2014 | |||||||||||||||||||||||||||||
Carson Dist Ctr | 1 | 15,491 | - | 17,000 | 15,491 | 17,000 | 32,491 | (1,330 | ) | 2011 | |||||||||||||||||||||||||||||
Carson Industrial | 12 | 13,608 | 32,802 | 3,166 | 13,608 | 35,968 | 49,576 | (5,068 | ) | 2011 | |||||||||||||||||||||||||||||
Carson Town Center | 2 | 11,781 | 31,572 | 698 | 11,781 | 32,270 | 44,051 | (3,711 | ) | 2011 | |||||||||||||||||||||||||||||
Cedarpointe Ind Park | 5 | 7,824 | 12,476 | 664 | 7,824 | 13,140 | 20,964 | (1,488 | ) | 2012 | |||||||||||||||||||||||||||||
Chartwell Distribution Center | 1 | 6,417 | 16,964 | 801 | 6,417 | 17,765 | 24,182 | (2,347 | ) | 2011 | |||||||||||||||||||||||||||||
Chino Ind Ctr | 4 | 850 | 1,274 | 10 | 850 | 1,284 | 2,134 | (649 | ) | 2012 | |||||||||||||||||||||||||||||
Commerce Ind Ctr | 1 | 11,345 | 17,653 | 88 | 11,345 | 17,741 | 29,086 | (1,833 | ) | 2012 | |||||||||||||||||||||||||||||
Crossroads Business Park | 9 | (d | ) | 36,131 | 98,797 | 126,748 | 89,658 | 172,018 | 261,676 | (35,650 | ) | 2005, 2010, 2014 | |||||||||||||||||||||||||||
Del Amo Industrial Center | 1 | 7,471 | 17,889 | 386 | 7,471 | 18,275 | 25,746 | (2,734 | ) | 2011 | |||||||||||||||||||||||||||||
Dominguez North Industrial Center | 6 | (d | ) | 20,662 | 34,382 | 2,883 | 20,688 | 37,239 | 57,927 | (6,222 | ) | 2007, 2012 | |||||||||||||||||||||||||||
Eaves Distribution Center | 3 | 13,914 | 31,041 | 1,953 | 13,914 | 32,994 | 46,908 | (5,156 | ) | 2011 | |||||||||||||||||||||||||||||
Foothill Bus Ctr | 3 | 5,254 | 8,096 | 117 | 5,254 | 8,213 | 13,467 | (836 | ) | 2012 | |||||||||||||||||||||||||||||
Ford Distribution Cntr | 7 | 29,895 | 81,433 | 2,875 | 29,895 | 84,308 | 114,203 | (13,365 | ) | 2011 | |||||||||||||||||||||||||||||
Fordyce Distribution Center | 1 | 6,110 | 19,485 | 765 | 6,110 | 20,250 | 26,360 | (3,379 | ) | 2011 | |||||||||||||||||||||||||||||
Harris Bus Ctr Alliance II | 9 | 13,134 | 66,195 | 1,967 | 13,134 | 68,162 | 81,296 | (8,942 | ) | 2011 | |||||||||||||||||||||||||||||
Haven Distribution Center | 4 | (d | ) | 96,975 | 73,903 | 7,620 | 96,975 | 81,523 | 178,498 | (13,312 | ) | 2008 | |||||||||||||||||||||||||||
Industry Distribution Center | 8 | (d | )(e) | 54,170 | 99,434 | 4,891 | 54,170 | 104,325 | 158,495 | (31,872 | ) | 2005, 2012 | |||||||||||||||||||||||||||
Inland Empire Distribution Center | 6 | (d | ) | 37,805 | 66,530 | 8,469 | 38,585 | 74,219 | 112,804 | (21,549 | ) | 2005, 2012 | |||||||||||||||||||||||||||
Kaiser Distribution Center | 8 | (d | )(e) | 131,819 | 242,618 | 20,367 | 136,030 | 258,774 | 394,804 | (80,093 | ) | 2005, 2008 | |||||||||||||||||||||||||||
LAX Cargo Center | 3 | - | 19,217 | 193 | - | 19,410 | 19,410 | (4,789 | ) | 2011 | |||||||||||||||||||||||||||||
Los Angeles Industrial Center | 2 | 3,777 | 7,015 | 353 | 3,777 | 7,368 | 11,145 | (2,425 | ) | 2005 | |||||||||||||||||||||||||||||
Meridian Park | 1 | 12,931 | 24,268 | 142 | 12,931 | 24,410 | 37,341 | (5,629 | ) | 2008 | |||||||||||||||||||||||||||||
Mid Counties Industrial Center | 18 | (d | ) | 55,436 | 96,453 | 15,386 | 55,437 | 111,838 | 167,275 | (35,190 | ) | 2005, 2006, 2010, | |||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||||||||
Mill Street Dist Ctr | 1 | 1,825 | 4,572 | - | 1,825 | 4,572 | 6,397 | (36 | ) | 2014 | |||||||||||||||||||||||||||||
Mill Street Spec Dist Ctr | 1 | (d | ) | 15,691 | 38,520 | 1 | 15,691 | 38,521 | 54,212 | (294 | ) | 2014 | |||||||||||||||||||||||||||
Milliken Dist Ctr | 1 | 18,831 | 30,811 | 219 | 18,831 | 31,030 | 49,861 | (3,458 | ) | 2012 | |||||||||||||||||||||||||||||
NDP—Los Angeles | 5 | 14,855 | 41,115 | 2,020 | 14,855 | 43,135 | 57,990 | (6,677 | ) | 2011 | |||||||||||||||||||||||||||||
Normandie Industrial | 1 | 12,297 | 14,957 | 726 | 12,297 | 15,683 | 27,980 | (2,717 | ) | 2011 | |||||||||||||||||||||||||||||
North County Dist Ctr | 3 | 49,949 | 76,943 | 4,061 | 49,949 | 81,004 | 130,953 | (8,910 | ) | 2011, 2012 | |||||||||||||||||||||||||||||
Ontario Dist Ctr | 1 | 18,823 | 29,524 | 482 | 18,823 | 30,006 | 48,829 | (3,099 | ) | 2012 | |||||||||||||||||||||||||||||
Orange Industrial Center | 1 | 4,156 | 7,836 | 349 | 4,157 | 8,184 | 12,341 | (2,561 | ) | 2005 | |||||||||||||||||||||||||||||
Pacific Bus Ctr | 5 | 20,810 | 32,169 | 1,675 | 20,810 | 33,844 | 54,654 | (3,467 | ) | 2012 | |||||||||||||||||||||||||||||
ProLogis Park Ontario | 2 | (d | ) | 25,499 | 47,366 | 813 | 25,499 | 48,179 | 73,678 | (12,505 | ) | 2007 | |||||||||||||||||||||||||||
Rancho Cucamonga Distribution Center | 4 | (d | )(e) | 46,471 | 86,305 | 2,091 | 46,472 | 88,395 | 134,867 | (27,341 | ) | 2005 | |||||||||||||||||||||||||||
Redlands Comm Ctr | 1 | 20,583 | 32,750 | - | 20,583 | 32,750 | 53,333 | (254 | ) | 2014 | |||||||||||||||||||||||||||||
Redlands Distribution Center | 7 | (d | ) | 69,051 | 99,842 | 74,367 | 72,589 | 170,671 | 243,260 | (18,529 | ) | 2006, 2007, 2012, | |||||||||||||||||||||||||||
2013, 2014 | |||||||||||||||||||||||||||||||||||||||
Rialto Dist Ctr | 4 | (d | ) | 73,396 | 204,161 | 442 | 73,396 | 204,603 | 277,999 | (15,058 | ) | 2012, 2014 | |||||||||||||||||||||||||||
Riverbluff Distribution Center | 1 | (d | ) | 42,964 | - | 32,928 | 42,964 | 32,928 | 75,892 | (6,090 | ) | 2009 | |||||||||||||||||||||||||||
Riverside Dist Ctr (LAX) | 2 | 2,178 | 3,440 | 150 | 2,178 | 3,590 | 5,768 | (375 | ) | 2012 | |||||||||||||||||||||||||||||
Santa Ana Distribution Center | 2 | 4,318 | 8,019 | 759 | 4,318 | 8,778 | 13,096 | (2,786 | ) | 2005 | |||||||||||||||||||||||||||||
South Bay Distribution Center | 4 | (d | ) | 14,478 | 27,511 | 3,489 | 15,280 | 30,198 | 45,478 | (10,026 | ) | 2005, 2007 | |||||||||||||||||||||||||||
Starboard Distribution Ctr | 1 | 18,763 | 53,824 | 119 | 18,763 | 53,943 | 72,706 | (6,883 | ) | 2011 | |||||||||||||||||||||||||||||
Terra Francesco | 1 | 11,196 | - | 15,591 | 11,196 | 15,591 | 26,787 | (117 | ) | 2012 | |||||||||||||||||||||||||||||
Torrance Dist Ctr | 1 | 25,730 | 40,414 | 287 | 25,730 | 40,701 | 66,431 | (4,234 | ) | 2012 | |||||||||||||||||||||||||||||
Transpark Inland Empire Dist Ctr | 1 | (d | ) | 28,936 | 44,721 | - | 28,936 | 44,721 | 73,657 | (329 | ) | 2014 | |||||||||||||||||||||||||||
Van Nuys Airport Industrial | 4 | 23,455 | 39,916 | 2,588 | 23,455 | 42,504 | 65,959 | (5,018 | ) | 2011 | |||||||||||||||||||||||||||||
Vernon Distribution Center | 15 | 25,439 | 47,250 | 3,912 | 25,441 | 51,160 | 76,601 | (16,728 | ) | 2005 | |||||||||||||||||||||||||||||
Vernon Industrial | 2 | 3,626 | 3,319 | 197 | 3,626 | 3,516 | 7,142 | (2,084 | ) | 2011 | |||||||||||||||||||||||||||||
Vista Distribution Center | 1 | 4,150 | 6,225 | 3,415 | 4,150 | 9,640 | 13,790 | (1,569 | ) | 2012 | |||||||||||||||||||||||||||||
Vista Rialto Distrib Ctr | 1 | 5,885 | 25,991 | 242 | 5,885 | 26,233 | 32,118 | (3,188 | ) | 2011 | |||||||||||||||||||||||||||||
Walnut Drive | 1 | 2,665 | 7,397 | 218 | 2,665 | 7,615 | 10,280 | (960 | ) | 2011 | |||||||||||||||||||||||||||||
Watson Industrial Center AFdII | 1 | 6,944 | 11,193 | 65 | 6,944 | 11,258 | 18,202 | (1,478 | ) | 2011 | |||||||||||||||||||||||||||||
Wilmington Avenue Warehouse | 2 | 11,172 | 34,723 | 2,389 | 11,172 | 37,112 | 48,284 | (4,629 | ) | 2011 | |||||||||||||||||||||||||||||
Southern California | 236 | 1,353,384 | 2,485,362 | 384,521 | 1,416,273 | 2,806,994 | 4,223,267 | (509,210 | ) | ||||||||||||||||||||||||||||||
St. Louis, Missouri | |||||||||||||||||||||||||||||||||||||||
Earth City Industrial Center | 3 | 807 | 4,992 | 2,057 | 807 | 7,049 | 7,856 | (3,800 | ) | 1998, 2014 | |||||||||||||||||||||||||||||
Hazelwood Dist Ctr | 2 | 833 | 4,721 | 24 | 833 | 4,745 | 5,578 | (49 | ) | 2014 | |||||||||||||||||||||||||||||
Westport Distribution Center | 3 | 824 | 3,849 | 2,403 | 824 | 6,252 | 7,076 | (2,316 | ) | 1997, 2014 | |||||||||||||||||||||||||||||
St. Louis, Missouri | 8 | 2,464 | 13,562 | 4,484 | 2,464 | 18,046 | 20,510 | (6,165 | ) | ||||||||||||||||||||||||||||||
Guadalajara | |||||||||||||||||||||||||||||||||||||||
Parque Opcion | 1 | 730 | 2,287 | 1,362 | 730 | 3,649 | 4,379 | (504 | ) | 2011 | |||||||||||||||||||||||||||||
Guadalajara | 1 | 730 | 2,287 | 1,362 | 730 | 3,649 | 4,379 | (504 | ) | ||||||||||||||||||||||||||||||
Mexico City | |||||||||||||||||||||||||||||||||||||||
Puente Grande Distribution Center | 1 | 9,106 | - | 15,795 | 9,106 | 15,795 | 24,901 | (137 | ) | 2014 | |||||||||||||||||||||||||||||
Mexico City | 1 | 9,106 | - | 15,795 | 9,106 | 15,795 | 24,901 | (137 | ) | ||||||||||||||||||||||||||||||
Canada - Toronto | |||||||||||||||||||||||||||||||||||||||
Airport Rd. Dist Ctr | 1 | 26,084 | 73,382 | 2,343 | 27,262 | 74,547 | 101,809 | (7,860 | ) | 2011 | |||||||||||||||||||||||||||||
Annagem Dist. Center | 1 | 3,518 | 12,035 | 850 | 3,677 | 12,726 | 16,403 | (1,394 | ) | 2011 | |||||||||||||||||||||||||||||
Annagem Distrib Centre II | 1 | 1,981 | 5,076 | 873 | 2,070 | 5,860 | 7,930 | (708 | ) | 2011 | |||||||||||||||||||||||||||||
Bolton Distribution Center | 1 | 7,973 | - | 24,803 | 8,333 | 24,443 | 32,776 | (2,890 | ) | 2009 | |||||||||||||||||||||||||||||
Keele Distribution Center | 1 | 1,239 | 4,972 | 529 | 1,295 | 5,445 | 6,740 | (823 | ) | 2011 | |||||||||||||||||||||||||||||
Meadowvale Dist Ctr | 1 | 14,647 | - | 21,297 | 15,027 | 20,917 | 35,944 | (135 | ) | 2014 | |||||||||||||||||||||||||||||
Millcreek Distribution Ctr | 2 | 8,630 | 32,829 | 688 | 9,020 | 33,127 | 42,147 | (3,612 | ) | 2011 | |||||||||||||||||||||||||||||
Milton 401 Bus. Park | 1 | 6,733 | 22,057 | 3,087 | 7,036 | 24,841 | 31,877 | (2,985 | ) | 2011 | |||||||||||||||||||||||||||||
Milton 402 Bus Park | 2 | 11,044 | 37,861 | 868 | 11,416 | 38,357 | 49,773 | (2,412 | ) | 2011, 2014 | |||||||||||||||||||||||||||||
Milton Crossings Bus Pk | 2 | 19,664 | 47,864 | 3,555 | 20,551 | 50,532 | 71,083 | (5,415 | ) | 2011 | |||||||||||||||||||||||||||||
Mississauga Gateway Center | 6 | 54,233 | 132,288 | 830 | 54,509 | 132,842 | 187,351 | (2,398 | ) | 2008, 2014 | |||||||||||||||||||||||||||||
Pearson Logist. Ctr | 2 | 12,545 | 44,969 | 1,381 | 13,111 | 45,784 | 58,895 | (4,815 | ) | 2011 | |||||||||||||||||||||||||||||
Canada | 21 | 168,291 | 413,333 | 61,104 | 173,307 | 469,421 | 642,728 | (35,447 | ) | ||||||||||||||||||||||||||||||
Subtotal North American Markets: | 1,542 | 3,903,706 | 11,363,912 | 2,316,367 | 4,004,395 | 13,579,590 | 17,583,985 | (2,631,273 | ) | ||||||||||||||||||||||||||||||
European Markets | |||||||||||||||||||||||||||||||||||||||
Austria | |||||||||||||||||||||||||||||||||||||||
Himberg DC | 1 | 3,714 | - | 5,872 | 3,724 | 5,862 | 9,586 | (571 | ) | 2011 | |||||||||||||||||||||||||||||
Austria | 1 | 3,714 | - | 5,872 | 3,724 | 5,862 | 9,586 | (571 | ) | ||||||||||||||||||||||||||||||
Belgium | |||||||||||||||||||||||||||||||||||||||
Boom Distribution Ct | 1 | 13,672 | 18,478 | 81 | 13,672 | 18,559 | 32,231 | (2,090 | ) | 2011 | |||||||||||||||||||||||||||||
Belgium | 1 | 13,672 | 18,478 | 81 | 13,672 | 18,559 | 32,231 | (2,090 | ) | ||||||||||||||||||||||||||||||
Czech Republic | |||||||||||||||||||||||||||||||||||||||
Uzice Distribution Center | 1 | 2,701 | - | 17,441 | 2,701 | 17,441 | 20,142 | (3,517 | ) | 2007 | |||||||||||||||||||||||||||||
Czech Republic | 1 | 2,701 | - | 17,441 | 2,701 | 17,441 | 20,142 | (3,517 | ) | ||||||||||||||||||||||||||||||
France | |||||||||||||||||||||||||||||||||||||||
Bonneuil Distribution Center | 1 | - | - | 16,587 | - | 16,587 | 16,587 | (3,852 | ) | 2012 | |||||||||||||||||||||||||||||
Isle d’Abeau Distribution Center | 1 | 3,175 | 14,247 | 3,428 | 4,332 | 16,518 | 20,850 | (2,493 | ) | 2011 | |||||||||||||||||||||||||||||
LGR Genevill. 1 SAS | 1 | 2,237 | 2,427 | 817 | 2,237 | 3,244 | 5,481 | (326 | ) | 2011 | |||||||||||||||||||||||||||||
LGR Genevill. 2 SAS | 1 | 1,720 | 3,564 | 41 | 1,720 | 3,605 | 5,325 | (349 | ) | 2011 | |||||||||||||||||||||||||||||
Moissy II Distribution Center | 1 | 5,551 | - | 7,454 | 5,501 | 7,504 | 13,005 | (93 | ) | 2014 | |||||||||||||||||||||||||||||
Port of Rouen | 1 | - | 15,480 | 88 | - | 15,568 | 15,568 | (2,054 | ) | 2011 | |||||||||||||||||||||||||||||
Vemars Distribution Center | 1 | 8,300 | - | 12,679 | 8,300 | 12,679 | 20,979 | (210 | ) | 2014 | |||||||||||||||||||||||||||||
France | 7 | 20,983 | 35,718 | 41,094 | 22,090 | 75,705 | 97,795 | (9,377 | ) | ||||||||||||||||||||||||||||||
Germany | |||||||||||||||||||||||||||||||||||||||
Hausbruch Ind Ctr 4-B | 1 | 8,294 | 5,395 | 130 | 8,294 | 5,525 | 13,819 | (1,571 | ) | 2011 | |||||||||||||||||||||||||||||
Hausbruch Ind Ctr 5-650 | 1 | 2,986 | 460 | 244 | 2,986 | 704 | 3,690 | (120 | ) | 2011 | |||||||||||||||||||||||||||||
Huenxe Dist Ctr | 1 | 2,062 | - | 9,220 | 1,587 | 9,695 | 11,282 | (572 | ) | 2012 | |||||||||||||||||||||||||||||
Kolleda Distribution Center | 1 | 257 | 3,974 | (318 | ) | 257 | 3,656 | 3,913 | (514 | ) | 2008 | ||||||||||||||||||||||||||||
Lauenau Dist Ctr | 1 | 2,784 | 6,197 | 296 | 2,784 | 6,493 | 9,277 | (819 | ) | 2011 | |||||||||||||||||||||||||||||
Meerane Distribution Center | 1 | 686 | 5,274 | (242 | ) | 686 | 5,032 | 5,718 | (670 | ) | 2008 | ||||||||||||||||||||||||||||
Muggensturm | 2 | 3,533 | 14,328 | 128 | 3,533 | 14,456 | 17,989 | (1,876 | ) | 2011 | |||||||||||||||||||||||||||||
Germany | 8 | 20,602 | 35,628 | 9,458 | 20,127 | 45,561 | 65,688 | (6,142 | ) | ||||||||||||||||||||||||||||||
Hungary | |||||||||||||||||||||||||||||||||||||||
Budapest-Sziget Dist. Center | 2 | 3,361 | 8,768 | 5,588 | 3,399 | 14,318 | 17,717 | (1,125 | ) | 2008, 2014 | |||||||||||||||||||||||||||||
Hungary | 2 | 3,361 | 8,768 | 5,588 | 3,399 | 14,318 | 17,717 | (1,125 | ) | ||||||||||||||||||||||||||||||
Italy | |||||||||||||||||||||||||||||||||||||||
Arena Po Dist Ctr | 2 | 8,275 | 22,399 | 103 | 8,275 | 22,502 | 30,777 | (3,939 | ) | 2011 | |||||||||||||||||||||||||||||
Castel San Giovanni Dist Ctr | 1 | 3,439 | 10,501 | 146 | 3,439 | 10,647 | 14,086 | (1,460 | ) | 2011 | |||||||||||||||||||||||||||||
Siziano Logis Park | 1 | 10,985 | 19,914 | 838 | 10,985 | 20,752 | 31,737 | (2,412 | ) | 2011 | |||||||||||||||||||||||||||||
Italy | 4 | 22,699 | 52,814 | 1,087 | 22,699 | 53,901 | 76,600 | (7,811 | ) | ||||||||||||||||||||||||||||||
Poland | |||||||||||||||||||||||||||||||||||||||
Nadarzyn Distribution Center | 1 | 2,511 | - | 7,733 | 2,508 | 7,736 | 10,244 | (1,138 | ) | 2009 | |||||||||||||||||||||||||||||
Piotrkow II Distribution Center | 1 | 1,633 | - | 5,564 | 1,590 | 5,607 | 7,197 | (947 | ) | 2009 | |||||||||||||||||||||||||||||
Sochaczew Distribution Center. | 2 | 133 | 11,797 | 1,997 | 773 | 13,154 | 13,927 | (2,430 | ) | 2008 | |||||||||||||||||||||||||||||
Szczecin Distribution Center | 1 | 310 | - | 4,419 | 310 | 4,419 | 4,729 | (32 | ) | 2014 | |||||||||||||||||||||||||||||
Teresin Dist Ctr | 2 | 3,395 | 17,739 | 951 | 4,024 | 18,061 | 22,085 | (2,486 | ) | 2011 | |||||||||||||||||||||||||||||
Wroclaw V DC | 3 | 8,687 | - | 32,462 | 8,687 | 32,462 | 41,149 | (944 | ) | 2013, 2014 | |||||||||||||||||||||||||||||
Poland | 10 | 16,669 | 29,536 | 53,126 | 17,892 | 81,439 | 99,331 | (7,977 | ) | ||||||||||||||||||||||||||||||
Romania | |||||||||||||||||||||||||||||||||||||||
Bucharest Distribution Center | 4 | 7,007 | 30,630 | 11,642 | 8,758 | 40,521 | 49,279 | (7,729 | ) | 2007, 2008 | |||||||||||||||||||||||||||||
Romania | 4 | 7,007 | 30,630 | 11,642 | 8,758 | 40,521 | 49,279 | (7,729 | ) | ||||||||||||||||||||||||||||||
Slovakia | |||||||||||||||||||||||||||||||||||||||
Bratislava Distribution Center | 1 | 2,393 | - | 10,840 | 2,393 | 10,840 | 13,233 | (346 | ) | 2012 | |||||||||||||||||||||||||||||
Sered Distribution Center | 1 | 2,424 | - | 13,139 | 2,424 | 13,139 | 15,563 | (1,791 | ) | 2009 | |||||||||||||||||||||||||||||
Slovakia | 2 | 4,817 | - | 23,979 | 4,817 | 23,979 | 28,796 | (2,137 | ) | ||||||||||||||||||||||||||||||
Spain | |||||||||||||||||||||||||||||||||||||||
Barajas MAD Logistics | 4 | - | 39,276 | 937 | - | 40,213 | 40,213 | (5,759 | ) | 2011 | |||||||||||||||||||||||||||||
Spain | 4 | - | 39,276 | 937 | - | 40,213 | 40,213 | (5,759 | ) | ||||||||||||||||||||||||||||||
Sweden | |||||||||||||||||||||||||||||||||||||||
Orebro Dist Ctr | 1 | 10,064 | 22,004 | 2,196 | 10,064 | 24,200 | 34,264 | (4,551 | ) | 2011 | |||||||||||||||||||||||||||||
Sweden | 1 | 10,064 | 22,004 | 2,196 | 10,064 | 24,200 | 34,264 | (4,551 | ) | ||||||||||||||||||||||||||||||
United Kingdom | |||||||||||||||||||||||||||||||||||||||
Midpoint Park | 2 | 31,375 | 12,061 | 19,207 | 31,407 | 31,236 | 62,643 | (1,972 | ) | 2008, 2013 | |||||||||||||||||||||||||||||
North Kettering Bus Pk | 1 | 2,518 | 7,477 | 7,187 | 3,759 | 13,423 | 17,182 | (3,634 | ) | 2007 | |||||||||||||||||||||||||||||
United Kingdom | 3 | 33,893 | 19,538 | 26,394 | 35,166 | 44,659 | 79,825 | (5,606 | ) | ||||||||||||||||||||||||||||||
Subtotal European Markets: | 48 | 160,182 | 292,390 | 198,895 | 165,109 | 486,358 | 651,467 | (64,392 | ) | ||||||||||||||||||||||||||||||
Asia Markets | |||||||||||||||||||||||||||||||||||||||
China | |||||||||||||||||||||||||||||||||||||||
Dalian Ind. Park DC | 1 | 2,538 | 14,543 | 108 | 2,443 | 14,746 | 17,189 | (1,468 | ) | 2011 | |||||||||||||||||||||||||||||
Fengxian Logistics C | 3 | - | 13,773 | 624 | - | 14,397 | 14,397 | (3,566 | ) | 2011 | |||||||||||||||||||||||||||||
Jiaxing Distri Ctr | 4 | 11,454 | 11,104 | 14,288 | 11,103 | 25,743 | 36,846 | (1,625 | ) | 2011, 2013 | |||||||||||||||||||||||||||||
Tianjin Bonded LP | 2 | 1,565 | 9,485 | 58 | 1,502 | 9,606 | 11,108 | (1,090 | ) | 2011 | |||||||||||||||||||||||||||||
China | 10 | 15,557 | 48,905 | 15,078 | 15,048 | 64,492 | 79,540 | (7,749 | ) | ||||||||||||||||||||||||||||||
Japan | |||||||||||||||||||||||||||||||||||||||
ProLogis Park Aichi Distribution Center | 1 | 18,428 | - | 74,195 | 24,691 | 67,932 | 92,623 | (12,927 | ) | 2007 | |||||||||||||||||||||||||||||
ProLogis Park Narita III | 1 | 17,145 | 60,785 | 9,604 | 18,394 | 69,140 | 87,534 | (9,674 | ) | 2008 | |||||||||||||||||||||||||||||
Japan | 2 | 35,573 | 60,785 | 83,799 | 43,085 | 137,072 | 180,157 | (22,601 | ) | ||||||||||||||||||||||||||||||
Singapore | |||||||||||||||||||||||||||||||||||||||
Airport Logistics Center 3 | 1 | - | 25,736 | 121 | - | 25,857 | 25,857 | (4,124 | ) | 2011 | |||||||||||||||||||||||||||||
Changi South Distr Ctr 1 | 1 | - | 41,942 | 113 | - | 42,055 | 42,055 | (6,144 | ) | 2011 | |||||||||||||||||||||||||||||
Changi-North DC1 | 1 | - | 13,877 | 1,844 | - | 15,721 | 15,721 | (2,108 | ) | 2011 | |||||||||||||||||||||||||||||
Singapore Airport Logist Ctr 2 | 1 | - | 37,267 | 201 | - | 37,468 | 37,468 | (5,983 | ) | 2011 | |||||||||||||||||||||||||||||
Tuas Distribution Center | 1 | - | 18,929 | 273 | - | 19,202 | 19,202 | (4,461 | ) | 2011 | |||||||||||||||||||||||||||||
Singapore | 5 | - | 137,751 | 2,552 | - | 140,303 | 140,303 | (22,820 | ) | ||||||||||||||||||||||||||||||
Subtotal Asian Markets: | 17 | 51,130 | 247,441 | 101,429 | 58,133 | 341,867 | 400,000 | (53,170 | ) | ||||||||||||||||||||||||||||||
Total Industrial Operating Properties: | 1,607 | 4,115,018 | 11,903,743 | 2,616,691 | 4,227,637 | 14,407,815 | 18,635,452 | (2,748,835 | ) | ||||||||||||||||||||||||||||||
Development Portfolio | |||||||||||||||||||||||||||||||||||||||
North American Markets: | |||||||||||||||||||||||||||||||||||||||
United States: | |||||||||||||||||||||||||||||||||||||||
Atlanta, Georgia | |||||||||||||||||||||||||||||||||||||||
Park I-85 | 1 | 3,493 | - | 1,643 | 3,493 | 1,643 | 5,136 | ||||||||||||||||||||||||||||||||
Atlanta, Georgia | 1 | 3,493 | - | 1,643 | 3,493 | 1,643 | 5,136 | ||||||||||||||||||||||||||||||||
Boston, Massachusetts | |||||||||||||||||||||||||||||||||||||||
Londonderry | 1 | 10,808 | - | 22,717 | 10,808 | 22,717 | 33,525 | ||||||||||||||||||||||||||||||||
Boston, Massachusetts | 1 | 10,808 | - | 22,717 | 10,808 | 22,717 | 33,525 | ||||||||||||||||||||||||||||||||
Central & Eastern, Pennsylvania | |||||||||||||||||||||||||||||||||||||||
Carlisle Dist Ctr | 1 | 13,931 | - | 5,963 | 13,931 | 5,963 | 19,894 | ||||||||||||||||||||||||||||||||
I-81 Dist Ctr | 1 | 6,416 | - | 11,128 | 6,416 | 11,128 | 17,544 | ||||||||||||||||||||||||||||||||
Lehigh Valley Distribution Center | 1 | 2,897 | - | 1,213 | 2,897 | 1,213 | 4,110 | ||||||||||||||||||||||||||||||||
Central & Eastern, Pennsylvania | 3 | 23,244 | - | 18,304 | 23,244 | 18,304 | 41,548 | ||||||||||||||||||||||||||||||||
Central Valley, CA | |||||||||||||||||||||||||||||||||||||||
Patterson Pass Business Center | 1 | - | - | 12,234 | - | 12,234 | 12,234 | ||||||||||||||||||||||||||||||||
Central Valley, CA | 1 | - | - | 12,234 | - | 12,234 | 12,234 | ||||||||||||||||||||||||||||||||
Charlotte, North Carolina | |||||||||||||||||||||||||||||||||||||||
West Pointe Business Center | 1 | 790 | - | 1,819 | 790 | 1,819 | 2,609 | ||||||||||||||||||||||||||||||||
Charlotte, North Carolina | 1 | 790 | - | 1,819 | 790 | 1,819 | 2,609 | ||||||||||||||||||||||||||||||||
Chicago, Illinois | |||||||||||||||||||||||||||||||||||||||
Bolingbrook Distribution Center | 1 | 3,926 | - | 9,937 | 3,926 | 9,937 | 13,863 | ||||||||||||||||||||||||||||||||
Chicago, Illinois | 1 | 3,926 | - | 9,937 | 3,926 | 9,937 | 13,863 | ||||||||||||||||||||||||||||||||
Columbus, Ohio | |||||||||||||||||||||||||||||||||||||||
Etna Distribution Center | 1 | 1,167 | - | 12,811 | 1,167 | 12,811 | 13,978 | 2014 | |||||||||||||||||||||||||||||||
Columbus, Ohio | 1 | 1,167 | - | 12,811 | 1,167 | 12,811 | 13,978 | ||||||||||||||||||||||||||||||||
Dallas/Fort Worth, Texas | |||||||||||||||||||||||||||||||||||||||
Dallas Corporate Center North Distribution Center | 2 | 4,430 | - | 993 | 4,430 | 993 | 5,423 | ||||||||||||||||||||||||||||||||
Freeport Corp Ctr | 1 | 458 | - | 6,628 | 458 | 6,628 | 7,086 | 2014 | |||||||||||||||||||||||||||||||
Mountain Creek | 1 | - | - | 4,012 | - | 4,012 | 4,012 | ||||||||||||||||||||||||||||||||
Dallas/Fort Worth, Texas | 4 | 4,888 | - | 11,633 | 4,888 | 11,633 | 16,521 | ||||||||||||||||||||||||||||||||
Denver, Colorado | |||||||||||||||||||||||||||||||||||||||
Stapleton Bus Ctr North | 2 | 7,149 | - | 30,482 | 7,149 | 30,482 | 37,631 | 2014 | |||||||||||||||||||||||||||||||
Denver, Colorado | 2 | 7,149 | - | 30,482 | 7,149 | 30,482 | 37,631 | ||||||||||||||||||||||||||||||||
El Paso, Texas | |||||||||||||||||||||||||||||||||||||||
Northwestern Corporate Center | 1 | 768 | - | 2,203 | 768 | 2,203 | 2,971 | ||||||||||||||||||||||||||||||||
El Paso, Texas | 1 | 768 | - | 2,203 | 768 | 2,203 | 2,971 | ||||||||||||||||||||||||||||||||
Houston, Texas | |||||||||||||||||||||||||||||||||||||||
Northpark Distribution Center | 2 | 2,012 | - | 10,411 | 2,012 | 10,411 | 12,423 | 2014 | |||||||||||||||||||||||||||||||
Houston, Texas | 2 | 2,012 | - | 10,411 | 2,012 | 10,411 | 12,423 | ||||||||||||||||||||||||||||||||
Las Vegas, Nevada | |||||||||||||||||||||||||||||||||||||||
Las Vegas Corporate Center | 1 | 2,881 | - | 7,655 | 2,881 | 7,655 | 10,536 | ||||||||||||||||||||||||||||||||
Las Vegas, Nevada | 1 | 2,881 | - | 7,655 | 2,881 | 7,655 | 10,536 | ||||||||||||||||||||||||||||||||
Memphis, Tennessee | |||||||||||||||||||||||||||||||||||||||
DeSoto Distribution Center | 1 | 938 | - | 8,168 | 938 | 8,168 | 9,106 | 2014 | |||||||||||||||||||||||||||||||
Memphis, Tennessee | 1 | 938 | - | 8,168 | 938 | 8,168 | 9,106 | ||||||||||||||||||||||||||||||||
New Jersey | |||||||||||||||||||||||||||||||||||||||
Port Reading Business Park | 4 | 56,803 | - | 92,208 | 56,803 | 92,208 | 149,011 | 2014 | |||||||||||||||||||||||||||||||
New Jersey | 4 | 56,803 | - | 92,208 | 56,803 | 92,208 | 149,011 | ||||||||||||||||||||||||||||||||
Orlando, Florida | |||||||||||||||||||||||||||||||||||||||
Beltway Commerce Center | 1 | 1,485 | - | 4,814 | 1,485 | 4,814 | 6,299 | ||||||||||||||||||||||||||||||||
Orlando, Florida | 1 | 1,485 | - | 4,814 | 1,485 | 4,814 | 6,299 | ||||||||||||||||||||||||||||||||
Portland, Oregon | |||||||||||||||||||||||||||||||||||||||
Southshore Corporate Center | 1 | 1,003 | - | 9,986 | 1,003 | 9,986 | 10,989 | ||||||||||||||||||||||||||||||||
Portland, Oregon | 1 | 1,003 | - | 9,986 | 1,003 | 9,986 | 10,989 | ||||||||||||||||||||||||||||||||
South Florida | |||||||||||||||||||||||||||||||||||||||
Beacon Lakes | 2 | 7,369 | - | 17,464 | 7,369 | 17,464 | 24,833 | 2014 | |||||||||||||||||||||||||||||||
South Florida | 2 | 7,369 | - | 17,464 | 7,369 | 17,464 | 24,833 | ||||||||||||||||||||||||||||||||
Southern California | |||||||||||||||||||||||||||||||||||||||
CAT - Kaiser Comm Ctr | 1 | 4,851 | - | 2,648 | 4,851 | 2,648 | 7,499 | ||||||||||||||||||||||||||||||||
International Multifoods | 1 | 4,700 | - | 9,135 | 4,700 | 9,135 | 13,835 | ||||||||||||||||||||||||||||||||
Redlands Distribution Center | 1 | 16,628 | - | 24,565 | 16,628 | 24,565 | 41,193 | 2014 | |||||||||||||||||||||||||||||||
Rialto Dist Ctr | 1 | 13,026 | - | 8,502 | 13,026 | 8,502 | 21,528 | ||||||||||||||||||||||||||||||||
Southern California | 4 | 39,205 | - | 44,850 | 39,205 | 44,850 | 84,055 | ||||||||||||||||||||||||||||||||
Mexico | |||||||||||||||||||||||||||||||||||||||
Centro Industrial Center | 1 | 1,252 | - | 270 | 1,252 | 270 | 1,522 | ||||||||||||||||||||||||||||||||
El Puente Industrial Center | 1 | 1,767 | - | 4,944 | 1,767 | 4,944 | 6,711 | ||||||||||||||||||||||||||||||||
Los Altos Ind Park | 1 | 2,586 | - | 8,421 | 2,586 | 8,421 | 11,007 | 2014 | |||||||||||||||||||||||||||||||
Monterrey Airport | 1 | 11,917 | - | 12,850 | 11,917 | 12,850 | 24,767 | ||||||||||||||||||||||||||||||||
PDX Corporate Center North/South | 1 | 14,493 | - | 10,850 | 14,493 | 10,850 | 25,343 | ||||||||||||||||||||||||||||||||
Toluca Distribution Center | 1 | 5,336 | - | 3,492 | 5,336 | 3,492 | 8,828 | ||||||||||||||||||||||||||||||||
Tres Rios | 2 | 8,364 | - | 13,627 | 8,364 | 13,627 | 21,991 | 2014 | |||||||||||||||||||||||||||||||
Mexico | 8 | 45,715 | - | 54,454 | 45,715 | 54,454 | 100,169 | ||||||||||||||||||||||||||||||||
Canada | |||||||||||||||||||||||||||||||||||||||
Meadowvale Dist Ctr | 1 | 21,456 | - | 28,624 | 21,456 | 28,624 | 50,080 | 2014 | |||||||||||||||||||||||||||||||
Milton 402 Bus Park | 3 | 10,311 | - | 33 | 10,311 | 33 | 10,344 | ||||||||||||||||||||||||||||||||
Tapscott Dist Ctr | 1 | 3,110 | - | 4,227 | 3,110 | 4,227 | 7,337 | ||||||||||||||||||||||||||||||||
Canada | 5 | 34,877 | - | 32,884 | 34,877 | 32,884 | 67,761 | ||||||||||||||||||||||||||||||||
Subtotal North American Markets: | 45 | 248,521 | - | 406,677 | 248,521 | 406,677 | 655,198 | ||||||||||||||||||||||||||||||||
European Markets | |||||||||||||||||||||||||||||||||||||||
Czech Republic | |||||||||||||||||||||||||||||||||||||||
Prague Airport Distribution Center | 2 | 5,087 | - | 8,737 | 5,087 | 8,737 | 13,824 | ||||||||||||||||||||||||||||||||
Prague-Jirny Dist. Ctr | 2 | 5,411 | - | 1,911 | 5,411 | 1,911 | 7,322 | ||||||||||||||||||||||||||||||||
Czech Republic | 4 | 10,498 | - | 10,648 | 10,498 | 10,648 | 21,146 | ||||||||||||||||||||||||||||||||
France | |||||||||||||||||||||||||||||||||||||||
LG Roissy Sorbiers SAS | 1 | 5,508 | - | 13,600 | 5,508 | 13,600 | 19,108 | ||||||||||||||||||||||||||||||||
Presles Dist Ctr | 1 | 537 | - | 8,656 | 537 | 8,656 | 9,193 | ||||||||||||||||||||||||||||||||
France | 2 | 6,045 | - | 22,256 | 6,045 | 22,256 | 28,301 | ||||||||||||||||||||||||||||||||
Germany | |||||||||||||||||||||||||||||||||||||||
Peine Dist Ctr | 1 | 3,411 | - | 1,677 | 3,411 | 1,677 | 5,088 | ||||||||||||||||||||||||||||||||
Germany | 1 | 3,411 | - | 1,677 | 3,411 | 1,677 | 5,088 | ||||||||||||||||||||||||||||||||
Netherlands | |||||||||||||||||||||||||||||||||||||||
Tilburg Dist Ctr | 1 | 5,381 | - | 4,390 | 5,381 | 4,390 | 9,771 | ||||||||||||||||||||||||||||||||
Venlo Dist. Center. | 1 | 7,085 | - | 9,724 | 7,085 | 9,724 | 16,809 | ||||||||||||||||||||||||||||||||
Netherlands | 2 | 12,466 | - | 14,114 | 12,466 | 14,114 | 26,580 | ||||||||||||||||||||||||||||||||
Poland | |||||||||||||||||||||||||||||||||||||||
Wroclaw Distribution Center | 1 | 3,937 | - | 8,290 | 3,937 | 8,290 | 12,227 | 2014 | |||||||||||||||||||||||||||||||
Wroclaw V DC | 1 | 2,787 | - | 9,411 | 2,787 | 9,411 | 12,198 | 2014 | |||||||||||||||||||||||||||||||
Poland | 2 | 6,724 | - | 17,701 | 6,724 | 17,701 | 24,425 | ||||||||||||||||||||||||||||||||
Slovakia | |||||||||||||||||||||||||||||||||||||||
Bratislava Distribution Center | 1 | 1,919 | - | 8,024 | 1,919 | 8,024 | 9,943 | ||||||||||||||||||||||||||||||||
Slovakia | 1 | 1,919 | - | 8,024 | 1,919 | 8,024 | 9,943 | ||||||||||||||||||||||||||||||||
Spain | |||||||||||||||||||||||||||||||||||||||
Puerta de Madrid Distribution Center | 1 | 7,126 | - | 1,263 | 7,126 | 1,263 | 8,389 | ||||||||||||||||||||||||||||||||
Spain | 1 | 7,126 | - | 1,263 | 7,126 | 1,263 | 8,389 | ||||||||||||||||||||||||||||||||
Sweden | |||||||||||||||||||||||||||||||||||||||
Gothenburg Distribution Center | 1 | 3,720 | - | 11,953 | 3,720 | 11,953 | 15,673 | 2014 | |||||||||||||||||||||||||||||||
Ljungby Distribution Center | 1 | 647 | - | 2,437 | 647 | 2,437 | 3,084 | ||||||||||||||||||||||||||||||||
Sweden | 2 | 4,367 | - | 14,390 | 4,367 | 14,390 | 18,757 | ||||||||||||||||||||||||||||||||
United Kingdom | |||||||||||||||||||||||||||||||||||||||
Boscombe Road Distribution Center | 1 | 16,206 | - | 14,850 | 16,206 | 14,850 | 31,056 | 2014 | |||||||||||||||||||||||||||||||
Dirft Dist Ctr | 2 | 85,368 | - | 60,515 | 85,368 | 60,515 | 145,883 | ||||||||||||||||||||||||||||||||
Grange Park | 1 | 16,797 | - | 14,451 | 16,797 | 14,451 | 31,248 | ||||||||||||||||||||||||||||||||
Heathrow Phase 3 Distribution Center | 2 | 14,174 | - | 11,409 | 14,174 | 11,409 | 25,583 | 2014 | |||||||||||||||||||||||||||||||
Littlebrook Dist Ctr | 1 | 12,360 | - | 14,817 | 12,360 | 14,817 | 27,177 | ||||||||||||||||||||||||||||||||
Midpoint Park | 2 | - | - | 12,275 | - | 12,275 | 12,275 | ||||||||||||||||||||||||||||||||
United Kingdom | 9 | 144,905 | - | 128,317 | 144,905 | 128,317 | 273,222 | ||||||||||||||||||||||||||||||||
Subtotal European Markets: | 24 | 197,461 | - | 218,390 | 197,461 | 218,390 | 415,851 | ||||||||||||||||||||||||||||||||
Asian Markets | |||||||||||||||||||||||||||||||||||||||
Japan | |||||||||||||||||||||||||||||||||||||||
Chiba New Town Distribution Center | 1 | 31,079 | - | 1,166 | 31,079 | 1,166 | 32,245 | ||||||||||||||||||||||||||||||||
Hisayama Dist Ctr | 1 | 5,120 | - | 18,739 | 5,120 | 18,739 | 23,859 | ||||||||||||||||||||||||||||||||
Joso Dist Ctr | 1 | 12,140 | - | 26,160 | 12,140 | 26,160 | 38,300 | 2014 | |||||||||||||||||||||||||||||||
Kitamoto Distribution Center | 1 | 18,460 | - | 55,668 | 18,460 | 55,668 | 74,128 | 2014 | |||||||||||||||||||||||||||||||
Narashino IV Distribution Center | 1 | - | - | 19,239 | - | 19,239 | 19,239 | ||||||||||||||||||||||||||||||||
Narita 1 | 1 | 9,361 | - | 20,368 | 9,361 | 20,368 | 29,729 | ||||||||||||||||||||||||||||||||
Osaka 5 | 1 | 35,475 | - | 70,429 | 35,475 | 70,429 | 105,904 | ||||||||||||||||||||||||||||||||
ProLogis Parc Tomiya III | 1 | 8,609 | - | 22,868 | 8,609 | 22,868 | 31,477 | ||||||||||||||||||||||||||||||||
ProLogis Park Sendai | 1 | 4,913 | - | 3,437 | 4,913 | 3,437 | 8,350 | ||||||||||||||||||||||||||||||||
Yoshimi Distribution Center | 1 | 21,258 | - | 18,442 | 21,258 | 18,442 | 39,700 | ||||||||||||||||||||||||||||||||
Japan | 10 | 146,415 | - | 256,516 | 146,415 | 256,516 | 402,931 | ||||||||||||||||||||||||||||||||
Subtotal Asian Markets: | 10 | 146,415 | - | 256,516 | 146,415 | 256,516 | 402,931 | ||||||||||||||||||||||||||||||||
Total Development Portfolio | 79 | 592,397 | - | 881,583 | 592,397 | 881,583 | 1,473,980 | ||||||||||||||||||||||||||||||||
GRAND TOTAL | 1,686 | 4,707,415 | 11,903,743 | 3,498,274 | 4,820,034 | 15,289,398 | 20,109,432 | (2,748,835 | ) | ||||||||||||||||||||||||||||||
Schedule III – Footnotes | |||||||||||||||||||||||||||||||||||||||
(a) | Reconciliation of real estate assets per Schedule III to the Consolidated Balance Sheet at December 31, 2014 (in thousands): | ||||||||||||||||||||||||||||||||||||||
Total per Schedule III | $ | 20,109,432 | |||||||||||||||||||||||||||||||||||||
Land | 1,577,786 | ||||||||||||||||||||||||||||||||||||||
Other real estate investments | 502,927 | ||||||||||||||||||||||||||||||||||||||
Total per consolidated balance sheet | $ | 22,190,145 | (f) | ||||||||||||||||||||||||||||||||||||
(b) | The aggregate cost for Federal tax purposes at December 31, 2014 of our real estate assets was approximately $14.0 billion (unaudited). | ||||||||||||||||||||||||||||||||||||||
(c) | Real estate assets (excluding land balances) are depreciated over their estimated useful lives. These useful lives are generally five to seven years for capital improvements, 10 years for standard tenant improvements, 25 years for depreciable land improvements on developed buildings, 30 years for acquired industrial properties and 40 years for properties we develop. | ||||||||||||||||||||||||||||||||||||||
Reconciliation of accumulated depreciation per Schedule III to the Consolidated Balance Sheets at December 31, 2014 (in thousands): | |||||||||||||||||||||||||||||||||||||||
Total accumulated depreciation per Schedule III | $ | 2,748,835 | |||||||||||||||||||||||||||||||||||||
Accumulated depreciation on other real estate investments | 41,946 | ||||||||||||||||||||||||||||||||||||||
Total per consolidated balance sheet | $ | 2,790,781 | |||||||||||||||||||||||||||||||||||||
(d) | Properties with an aggregate undepreciated cost of $4.5 billion secure $2.3 billion of mortgage notes. See Note 9 to the Consolidated Financial Statements in Item 8 for more information related to our secured mortgage debt. | ||||||||||||||||||||||||||||||||||||||
(e) | Assessment bonds of $15.5 million are secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $783.4 million. See Note 9 to the Consolidated Financial Statements in Item 8 for more information related to our assessment bonds. | ||||||||||||||||||||||||||||||||||||||
(f) | A summary of activity for our real estate assets and accumulated depreciation for the years ended December 31 (in thousands): | ||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||
Real estate assets: | |||||||||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 18,822,081 | $ | 23,559,891 | $ | 22,413,079 | |||||||||||||||||||||||||||||||||
Acquisitions of operating properties, improvements to operating properties, development activity, transfers of land to CIP and net effect of changes in foreign exchange rates and other | 3,595,836 | 2,050,810 | 2,881,005 | ||||||||||||||||||||||||||||||||||||
Basis of operating properties disposed of | -2,713,300 | -6,857,994 | -1,630,764 | ||||||||||||||||||||||||||||||||||||
Change in the development portfolio balance, including the acquisition of properties | 452,963 | 69,374 | 91,112 | ||||||||||||||||||||||||||||||||||||
Impairment of real estate properties (1) | - | - | -194,541 | ||||||||||||||||||||||||||||||||||||
Assets transferred to held-for-sale | -48,148 | - | - | ||||||||||||||||||||||||||||||||||||
Balance at end of year | $ | 20,109,432 | $ | 18,822,081 | $ | 23,559,891 | |||||||||||||||||||||||||||||||||
Accumulated Depreciation: | |||||||||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 2,540,267 | $ | 2,460,642 | $ | 2,150,713 | |||||||||||||||||||||||||||||||||
Depreciation expense | 490,298 | 505,691 | 665,239 | ||||||||||||||||||||||||||||||||||||
Balances retired upon disposition of operating properties and net effect of changes in foreign exchange rates and other | -277,516 | -426,066 | -355,310 | ||||||||||||||||||||||||||||||||||||
Assets transferred to held-for-sale | -4,214 | - | - | ||||||||||||||||||||||||||||||||||||
Balance at end of year | $ | 2,748,835 | $ | 2,540,267 | $ | 2,460,642 | |||||||||||||||||||||||||||||||||
-1 | The impairment charges we recognized in 2012 were primarily due to our change of intent to no longer hold these assets for long-term investment. See Note 15 to the Consolidated Financial Statements in Item 8 for more information related to our impairment charges. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Accounting Policies [Abstract] | ||||
Basis of Presentation and Consolidation | Basis of Presentation and Consolidation. The accompanying Consolidated Financial Statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”) and are presented in our reporting currency, the U.S. dollar. All material intercompany transactions with consolidated entities have been eliminated. | |||
We consolidate all entities that are wholly owned and those in which we own less than 100% of the equity but control, as well as any variable interest entities in which we are the primary beneficiary. We evaluate our ability to control an entity and whether the entity is a variable interest entity and we are the primary beneficiary through consideration of substantive terms of the arrangement to identify which enterprise has the power to direct the activities of the entity that most significantly impacts the entity’s economic performance and the obligation to absorb losses of the entity or the right to receive benefits from the entity. | ||||
For entities that are not defined as variable interest entities, we first consider whether we are the general partner or the limited partner (or the equivalent in such investments which are not structured as partnerships). We consolidate entities in which we are the general partner and the limited partners in such entities do not have rights which would preclude control. For entities in which we are the general partner but do not control the entity as the other partners hold substantive participating and/or kick-out rights we apply the equity method of accounting since as the general partner we have the ability to influence the venture. For ventures for which we are a limited partner or our investment is in an entity that is not structured similar to a partnership, we consider factors such as ownership interest, voting control, authority to make decisions, and contractual and substantive participating rights of the partners. In instances where the factors indicate that we control the venture, we consolidate the entity. | ||||
Reclassifications | Reclassifications. Certain amounts included in the Consolidated Financial Statements for 2013 and 2012 have been reclassified to conform to the 2014 financial statement presentation. We reclassified the balances in the Consolidated Balance Sheet at December 31, 2013, for derivative assets from Accounts Receivable to Other Assets and for derivative liabilities from Accounts Payable and Accrued Expenses to Other Liabilities. See Note 7 for the detail of these amounts. | |||
Use of Estimates | Use of Estimates. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the reporting period. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout the Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. | |||
Foreign Operations | Foreign Operations. The U.S. dollar is the functional currency for our consolidated subsidiaries and unconsolidated entities operating in the United States and Mexico and certain of our consolidated subsidiaries that operate as holding companies for foreign investments. The functional currency for our consolidated subsidiaries and unconsolidated entities operating in countries other than the United States and Mexico is the principal currency in which the entity’s assets, liabilities, income and expenses are denominated, which may be different from the local currency of the country of incorporation or where the entity conducts its operations. | |||
The functional currencies of our consolidated subsidiaries and unconsolidated entities generally include the Brazilian real, British pound sterling, Canadian dollar, Chinese renminbi, euro, Japanese yen, and Singapore dollar. We are parties to business transactions denominated in these and other local currencies where we operate. | ||||
For our consolidated subsidiaries whose functional currency is not the U.S. dollar, we translate their financial statements into the U.S. dollar at the time we consolidate those subsidiaries’ financial statements. Generally, assets and liabilities are translated at the exchange rate in effect at the balance sheet date. The resulting translation adjustments are included in Accumulated Other Comprehensive Loss (“AOCI”) in the Consolidated Balance Sheets. Certain balance sheet items, primarily equity and capital-related accounts, are reflected at the historical exchange rate. Income statement accounts are translated using the average exchange rate for the period and income statement accounts that represent significant non-recurring transactions are translated at the rate in effect at the date of the transaction. We translate our share of the net earnings or losses of our unconsolidated entities whose functional currency is not the U.S. dollar at the average exchange rate for the period. | ||||
We and certain of our consolidated subsidiaries have intercompany and third-party debt that is not denominated in the entity’s functional currency. When the debt is remeasured against the functional currency of the entity, a gain or loss can result. The resulting adjustment is reflected in results of operations, unless it is intercompany debt that is deemed to be long-term in nature and then the adjustment is reflected as a cumulative translation adjustment in AOCI in the Consolidated Balance Sheets. | ||||
Business Combinations | Business Combinations. When we acquire a business, which may include an operating property, we record the acquisition at the fair value of assets acquired and liabilities assumed. Transaction costs related to business combinations are expensed as incurred. We generally acquire operating properties that meet the definition of a business. The transaction costs related to the acquisition of land and the formation of equity method investments are capitalized. | |||
When we acquire a business or individual operating properties, we allocate the purchase price to the various components of the acquisition based upon the fair value of the acquired assets and liabilities. The initial allocation of the purchase price is based on management’s preliminary assessment, which may differ when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, not to exceed one year. | ||||
When we obtain control of an unconsolidated entity, we account for the acquisition of the entity in accordance with the guidance for a business combination achieved in stages. We remeasure our previously held interest in the unconsolidated entity at its acquisition-date fair value and recognize the resulting gain or loss, if any, in earnings at the acquisition date. | ||||
We allocate the purchase price using primarily level 2 and 3 inputs (further defined in Fair Value Measurements below) as follows: | ||||
Investments in Real Estate Properties. We value operating properties as if vacant. We estimate fair value generally by applying an income approach methodology using a discounted cash flow analysis. Key assumptions in the discounted cash flow analysis include market rents, growth rates and discount and capitalization rates. We determine discount and capitalization rates by market based on recent transactions and other market data. The fair value of land is generally based on relevant market data, such as a comparison of the subject site to similar parcels that have recently been sold or are currently being offered on the market for sale. | ||||
Intangible Assets. We determine the portion of the purchase price related to intangible assets as follows: | ||||
• | In Place Leases. We calculate the fair value of in place leases based upon our estimate of the costs to obtain tenants, primarily leasing commissions, in each of the applicable markets. The value is recorded in other assets and amortized over the average remaining estimated life of the lease to amortization expense. | |||
• | Above and Below Market Leases. We recognize an asset or liability for acquired leases with favorable or unfavorable rents based on our estimate of current market rents of the applicable markets. The value is recorded in either other assets or other liabilities, as appropriate, and is amortized over the average remaining estimated life of the lease to rental income. | |||
• | Contracts to Provide Management Services. We calculate the value of existing agreements to provide management services by discounting future expected cash flows. The value is recorded as management contracts in Other Assets in the Consolidated Balance Sheets and amortized over the remaining term of the agreement to amortization expense. | |||
Debt. We estimate the fair value of debt based on contractual future cash flows discounted using borrowing spreads and market interest rates that would be available to us for the issuance of debt with similar terms and remaining maturities. In the case of publicly traded debt, we estimate the fair value based on available market data. Any discount or premium to the principal amount is included in the carrying value and amortized over the remaining term of the related debt using the effective interest method to interest expense. | ||||
Noncontrolling Interest. We estimate the portion of the fair value of the net assets owned by third parties based on the fair value of the consolidated net assets, principally real estate properties and debt. | ||||
Working Capital. We base the fair value of all other acquired assets and assumed liabilities on the best information available. | ||||
Fair Value Measurements | Fair Value Measurements. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). We estimate fair value using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize upon disposition. The fair value hierarchy consists of three broad levels: | |||
• | Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. | |||
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. | |||
• | Level 3 — Unobservable inputs for the asset or liability. | |||
Long-Lived Assets | Long-Lived Assets. | |||
Real Estate Assets. Real estate assets are carried at depreciated cost. We capitalize costs incurred in developing, renovating, rehabilitating and improving real estate assets as part of the investment basis of real estate assets. We expense costs for making repairs and maintaining the real estate assets as incurred. | ||||
During the land development and construction periods of qualifying projects, we capitalize interest costs, insurance, real estate taxes and general and administrative costs of the personnel performing the development, renovation, and rehabilitation; if such costs are incremental and identifiable to a specific activity to ready the asset for its intended use. We capitalize costs incurred to successfully originate a lease that results directly from and are essential to acquire that lease, including internal costs that are incremental and identifiable as leasing activities. Leasing costs that meet the requirements for capitalization are presented as a component of Other Assets in the Consolidated Balance Sheets. | ||||
We charge the depreciable portions of real estate assets to depreciation expense on a straight-line basis over the respective estimated useful lives. Depreciation commences when the asset is ready for its intended use, which we define as the earlier of stabilization (90% occupied) or one year after completion of construction. We generally use the following useful lives: five to seven years for capital improvements, 10 years for standard tenant improvements, 25 years for depreciable land improvements, 30 years for operating properties acquired and 40 years for operating properties we develop. We depreciate building improvements on land parcels subject to ground leases over the shorter of the estimated building improvement life or the contractual term of the underlying ground lease. Capitalized leasing costs are amortized over the estimated remaining lease term. Our weighted average lease term based on square feet for all leases, in effect at December 31, 2014, was seven years. | ||||
We assess the carrying values of our respective long-lived assets, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. We consider current market conditions, as well as our intent with respect to holding or disposing of the asset. We measure the recoverability of the real estate asset by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. If our analysis indicates that the carrying value of the real estate property that we expect to hold is not recoverable on an undiscounted cash flow basis, we recognize an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property. We determine fair value through various valuation techniques; including discounted cash flow models, quoted market values, and third-party appraisals; where considered necessary. When we decide to sell an asset we compare the carrying value of the property to its estimated fair value based on estimated selling price less costs to sell and recognize an impairment for any excess. | ||||
We estimate the future undiscounted cash flows based on our intent as follows: | ||||
(i) | for real estate properties that we intend to hold long-term; including land held for development, properties currently under development and operating buildings; recoverability is assessed based on the estimated undiscounted future net rental income from operating the property and the terminal value; | |||
(ii) | for land parcels we intend to sell, recoverability is assessed based on estimated proceeds from disposition; | |||
(iii) | for real estate properties currently under development and operating buildings we intend to sell, recoverability is assessed based on proceeds from disposition that are estimated based on future net rental income of the property and expected market capitalization rates; and | |||
(iv) | for costs incurred related to the potential acquisition of land or development of a real estate property, recoverability is assessed based on the probability that the acquisition or development is likely to occur at the measurement date. | |||
We base projected future cash flows on assumptions that are consistent with our estimates of future expectations and the strategic plan we use to manage our underlying business. However, assumptions and estimates about future cash flows, discount rates and capitalization rates are complex and subjective. Changes in economic and operating conditions and our intent with regard to our investment that occurs subsequent to our impairment analyses could impact these assumptions and result in future impairment of our long-lived assets. | ||||
Assets Held for Sale | Assets Held for Sale. We classify a component of our business or property as held for sale when certain criteria are met, in accordance with GAAP. At such time, the respective assets and liabilities are presented separately in the Consolidated Balance Sheets and depreciation is no longer recognized. Assets held for sale are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. | |||
Discontinued Operations | Discontinued Operations. As discussed in the New Accounting Pronouncements below, beginning in 2014, only disposals of a component of an entity, or a group of components of an entity, representing a strategic shift in operations would be presented as discontinued operations. Under this guidance, none of our property dispositions qualified as discontinued operations in 2014. However, in 2013 and 2012 the results of operations for real estate properties sold during the reported periods or held for sale at the end of the reported periods were shown under Discontinued Operations in the Consolidated Statements of Operations following the previous accounting standard. | |||
Investments in Unconsolidated Entities | Investments in Unconsolidated Entities. We present our investments in certain entities under the equity method. We use the equity method when we have the ability to exercise significant influence over operating and financial policies of the venture but do not have control of the entity. Under the equity method, we initially recognize these investments (including advances) in the balance sheet at our cost which would include deferred gains from the contribution of properties, if applicable. We subsequently adjust the accounts to reflect our proportionate share of net earnings or losses recognized, our share of accumulated other comprehensive income or loss, distributions received and certain other adjustments, as appropriate. When circumstances indicate there may have been a reduction in the value of an equity investment, we evaluate whether the loss in value is other than temporary. If we conclude it is other than temporary, we recognize an impairment charge to reflect the equity investment at fair value. | |||
Cash and Cash Equivalents | Cash and Cash Equivalents. We consider all cash on hand, demand deposits with financial institutions, and short-term highly liquid investments with original maturities of three months or less to be cash equivalents. Our cash and cash equivalents are financial instruments that are exposed to concentrations of credit risk. We invest our cash with high-credit quality institutions. Cash balances may be invested in money market accounts that are not insured. We have not realized any losses in such cash investments or accounts and believe that we are not exposed to any significant credit risk. | |||
Financial Instruments | Financial Instruments. We may use derivative financial instruments for the purpose of managing foreign currency exchange rate and interest rate risk. We reflect our derivative financial instruments at fair value and record changes in the fair value of these derivatives each period in earnings, unless hedge accounting criteria are met. See Note 18 for a discussion of our financial instruments. | |||
Exchangeable Debt | Exchangeable Debt. Our exchangeable notes were issued by the Operating Partnership and are exchangeable into common stock of the Parent. The accounting for the exchangeable senior notes required us to separate the fair value of the derivative instrument (exchange feature) from the debt instrument and account for it separately as a derivative. At each reporting period, we adjust the derivative instrument to fair value with the adjustment being recorded in earnings as Foreign Currency and Derivative Losses and Related Amortization, Net and the derivative reflected in Other Liabilities. We amortize the discount over the remaining term of the exchangeable notes. | |||
Noncontrolling Interests | Noncontrolling Interests. Noncontrolling interests represent the share of consolidated entities owned by third parties. We recognize each noncontrolling holder’s respective share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interest is subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and the proportionate share of the net earnings or losses of each respective entity. If we establish a new consolidated entity or contribute a property to or liquidate an existing consolidated entity in which we do not own 100% of the ownership interests, we reflect the difference in cash received or paid from the noncontrolling interests carrying amount as paid-in-capital with no gain or loss recognized. | |||
Certain limited partnership interests issued by us in connection with the formation of a real estate partnership and as consideration in a business combination are exchangeable into our common stock. Common stock issued upon exchange of a holder’s noncontrolling interest is accounted for at our carrying value of the surrendered noncontrolling interest, and any differences reflected in Additional Paid-in-Capital on the Consolidated Balance Sheets. | ||||
Costs of Raising Capital | Costs of Raising Capital. We treat costs incurred in connection with the issuance of common and preferred stock as a reduction to additional paid-in capital. We capitalize costs incurred in connection with the issuance of debt in other assets, and amortize to interest expense over the term of the related debt. Costs associated with debt modifications are expensed when incurred. | |||
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss). For the Parent, we include AOCI as a separate component of stockholders’ equity in the Consolidated Balance Sheets. For the Operating Partnership, AOCI is included in partners’ capital in the Consolidated Balance Sheets. Any reference to AOCI in this document is referring to the component of stockholders’ equity for the Parent and partners’ capital for the Operating Partnership. | |||
Revenue Recognition | Revenue Recognition. | |||
Rental Income. We lease our operating properties to customers under agreements that are classified as operating leases. We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Generally, under the terms of our leases, the majority of our rental expenses are recovered from our customers. We reflect amounts recovered from customers as revenue in the period that the applicable expenses are incurred. We make a provision for possible loss if the collection of a receivable balance is considered doubtful. | ||||
Strategic Capital Income. Strategic capital income includes revenues we earn from the management services we provide to unconsolidated entities. These fees are determined in accordance with the terms specific to each arrangement and may include property and asset management fees or transactional fees for leasing, acquisition, construction, financing, legal and tax services provided. We may also earn incentive returns (we refer to these as promotes) based on third-party investor returns over time, which may be during the duration of the venture or at the time of liquidation. We recognize fees when they are earned, fixed and determinable. We report these fees in Strategic Capital Income in the Consolidated Statements of Operations. In addition, we may earn fees for services provided to develop properties within these ventures and those fees are reflected in Development Management and Other Income in the Consolidated Statements of Operations on a percentage of completion basis. | ||||
Gains (Losses) on Dispositions of Investments in Real Estate. We recognize gains on the disposition of real estate when the recognition criteria have been met, generally at the time the risks and rewards and title have transferred and we no longer have substantial continuing involvement with the real estate sold. We recognize losses from the disposition of real estate when known. | ||||
When we contribute a property to an unconsolidated entity in which we have an ownership interest, we do not recognize a portion of the gain realized. The amount of gain not recognized, based on our ownership interest in the entity acquiring the property, is deferred by recognizing a reduction to our investment in the applicable unconsolidated entity. We adjust our proportionate share of net earnings or losses recognized in future periods to reflect the entities’ recorded depreciation expense as if it were computed on our lower basis in the contributed properties rather than on the entity’s basis. | ||||
When a property that we originally contributed to an unconsolidated entity is disposed of to a third party, we recognize the amount of the gain we had previously deferred, along with our proportionate share of the gain recognized by the unconsolidated entity. If our ownership interest in an unconsolidated entity decreases and the decrease is expected to be permanent, we recognize the amounts relating to previously deferred gains to coincide with our new ownership interest. | ||||
Rental Expense | Rental Expenses. Rental expenses primarily include the cost of our property management personnel, utilities, repairs and maintenance, property insurance and real estate taxes. | |||
Strategic Capital Expenses | Strategic Capital Expenses. Strategic capital expenses include the direct expenses associated with the asset management of the unconsolidated co-investment ventures provided by our employees who are assigned to our Strategic Capital segment. In addition, in order to achieve efficiencies and economies of scale, all of our property management functions are provided by property management personnel who are assigned to our Real Estate Operations segment. These individuals perform the property-level management of the properties in our owned and managed portfolio including properties we consolidated and the properties we manage that are owned by the unconsolidated co-investment ventures. We allocate the costs of our property management to the properties we consolidate (included in Rental Expenses) and the properties owned by the unconsolidated co-investment ventures (included in Strategic Capital Expenses) by using the square feet owned by the respective portfolios. | |||
Equity-Based Compensation | Equity-Based Compensation. We account for equity-based compensation by measuring the cost of employee services received in exchange for an award of an equity instrument based on the fair value of the award on the grant date. We recognize the cost of the entire award on a straight-line basis over the period during which an employee is required to provide service in exchange for the award, generally the vesting period. | |||
Income Taxes | Income Taxes. Under the Internal Revenue Code, REITs are generally not required to pay federal income taxes if they distribute 100% of their taxable income and meet certain income, asset and stockholder tests. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes at regular corporate rates (including any alternative minimum tax) and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, we may be subject to certain state and local taxes on our own income and property, and to federal income and excise taxes on our undistributed taxable income. | |||
We have elected taxable REIT subsidiary (“TRS”) status for some of our consolidated subsidiaries. This allows us to provide services that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not accord REIT status under their respective tax laws to our entities that operate in their jurisdiction. In the United States, we are taxed in certain states in which we operate. Accordingly, we recognize income tax expense for the federal and state income taxes incurred by our TRSs, taxes incurred in certain states and foreign jurisdictions, and interest and penalties associated with our unrecognized tax benefit liabilities. | ||||
We evaluate tax positions taken in the Consolidated Financial Statements under the interpretation for accounting for uncertainty in income taxes. As a result of this evaluation, we may recognize a tax benefit from an uncertain tax position only if it is “more-likely-than-not” that the tax position will be sustained on examination by taxing authorities. | ||||
We recognize deferred income taxes in certain taxable entities. For federal income tax purposes, certain acquisitions have been treated as tax-free transactions resulting in a carry-over basis in assets and liabilities. For financial reporting purposes and in accordance with purchase accounting, we record all of the acquired assets and liabilities at the estimated fair value at the date of acquisition. For our taxable subsidiaries, including international jurisdictions, we recognize the deferred income tax liabilities that represent the tax effect of the difference between the tax basis carried over and the fair value of the tangible and intangible assets at the date of acquisition. Any increases or decreases to the deferred income tax liability recorded in connection with these acquisitions, related to tax uncertainties acquired, are reflected in earnings. | ||||
If taxable income is generated in these subsidiaries, we recognize a benefit in earnings as a result of the reversal of the deferred income tax liability previously recorded at the acquisition date and we record current income tax expense representing the entire current income tax liability. If the reversal of the deferred income tax liability results from a sale or contribution of assets, the classification of the reversal to the Consolidated Statement of Operations is based on the taxability of the transaction. We record the reversal to Deferred Income Tax Benefit as a taxable transaction if we dispose of the asset. We record the reversal as Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net as a non-taxable transaction if we dispose of the asset, as well as the entity that owns the asset. | ||||
Deferred income tax expense is generally a function of the period’s temporary differences (items that are treated differently for tax purposes than for financial reporting purposes) and the utilization of tax net operating losses generated in prior years that had been previously recognized as deferred income tax assets. We provide for a valuation allowance for deferred income tax assets if we believe all or some portion of the deferred income tax asset may not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances that causes a change in the estimated realizability of the related deferred income tax asset is included in deferred tax expense. | ||||
Environmental Costs | Environmental Costs. We incur certain environmental remediation costs, including cleanup costs, consulting fees for environmental studies and investigations, monitoring costs, and legal costs relating to cleanup, litigation defense, and the pursuit of responsible third parties. We expense costs incurred in connection with operating properties and properties previously sold. We capitalize costs related to undeveloped land as development costs and include any expected future environmental liabilities at the time of acquisition. We include costs incurred for properties to be disposed in the cost of the properties upon disposition. We maintain a liability for the estimated costs of environmental remediation expected to be incurred in connection with undeveloped land, operating properties and properties previously sold that we adjust as appropriate as information becomes available. | |||
New Accounting Pronouncements | New Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board (the “FASB”) issued an accounting standard update that requires companies to use a five step model to determine when to recognize revenue from customer contracts in an effort to increase consistency and comparability throughout global capital markets and across industries. Under the model, a company will identify the contract, identify any separate performance obligations in the contract, determine the transaction price, allocate the transaction price and recognize revenue when the performance obligation is satisfied. The new standard will replace most existing revenue recognition guidance in GAAP when it becomes effective for us on January 1, 2017. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting. | |||
In April 2014, the FASB issued an accounting standard update that changed the criteria for classifying and reporting discontinued operations while enhancing disclosures. Under the new guidance, only disposals of a component of an entity, or a group of components of an entity, representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have, or will have, a major effect on the organization’s operations and financial results. Examples of disposals that may meet the new criteria include a disposal of a major geographic area, a major line of business, or a major equity method investment. In addition, the new guidance requires additional disclosures about discontinued operations and the disposal of an individually significant component of an entity that does not meet the criteria for discontinued operations. We early adopted this standard prospectively for all disposals subsequent to January 1, 2014. Prior to adoption, the results of operations for real estate properties sold or held for sale during the reported periods were shown under Discontinued Operations in the Consolidated Statements of Operations (see Note 8). Going forward, we expect the majority of our property dispositions will not qualify as discontinued operations and the results of the dispositions will be presented in Income from Continuing Operations. | ||||
In March 2013, the FASB issued an accounting standard update on the accounting for currency translation adjustment (“CTA”) when a parent sells or transfers part of its ownership interest in a foreign entity. When a company sells a subsidiary or group of assets that constitute a business while maintaining ownership of the foreign entity in which those assets or subsidiary reside, a complete or substantially complete liquidation of the foreign entity is required in order for a parent entity to release CTA to earnings. However, for a company that sells all or part of its ownership interest in a foreign entity, CTA is released upon the loss of a controlling financial interest in a consolidated foreign entity or partial sale of an equity method investment in a foreign entity. For step acquisitions, the CTA associated with the previous equity-method investment is fully released when control is obtained and consolidation occurs. We adopted this standard at January 1, 2014, and it did not have a material impact in the Consolidated Financial Statements. |
Business_Combinations_Tables
Business Combinations (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Business Combinations [Abstract] | |||||
Allocation of Purchase Price | The allocation of the purchase price was as follows (in thousands): | ||||
Investments in real estate properties | $ | 2,770,191 | |||
Cash, accounts receivable and other assets | 132,261 | ||||
Debt | -1,195,213 | ||||
Accounts payable, accrued expenses and other liabilities | -70,226 | ||||
Noncontrolling interests | -554,493 | ||||
Total purchase price | $ | 1,082,520 | |||
Real_Estate_Tables
Real Estate (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Real Estate [Abstract] | |||||||||||||||||||||||||
Real Estate Assets | Investments in real estate properties are presented at cost, and consist of the following at December 31 (dollars and square feet in thousands): | ||||||||||||||||||||||||
Square Feet /Acres (1) | No. of Buildings (1) | Investment Balance | |||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Industrial operating properties: | |||||||||||||||||||||||||
Improved land | - - | - - | - - | - - | $ | 4,227,637 | $ | 4,074,647 | |||||||||||||||||
Buildings and improvements | 282,282 | 267,097 | 1,607 | 1,610 | 14,407,815 | 13,726,417 | |||||||||||||||||||
Development portfolio, including land costs: | |||||||||||||||||||||||||
Pre-stabilized | 7,448 | 4,491 | 24 | 11 | 547,982 | 204,022 | |||||||||||||||||||
Properties under development | 22,844 | 18,587 | 55 | 46 | 925,998 | 816,995 | |||||||||||||||||||
Land | 9,017 | 9,747 | - - | - - | 1,577,786 | 1,516,166 | |||||||||||||||||||
Other real estate investments (2) | 502,927 | 486,230 | |||||||||||||||||||||||
Total investments in real estate properties | 22,190,145 | 20,824,477 | |||||||||||||||||||||||
Less accumulated depreciation | 2,790,781 | 2,568,998 | |||||||||||||||||||||||
Net investments in real estate properties | $ | 19,399,364 | $ | 18,255,479 | |||||||||||||||||||||
-1 | Items indicated by ‘- -‘are not applicable. | ||||||||||||||||||||||||
-2 | Included in other real estate investments are: (i) certain non-industrial real estate; (ii) our corporate office buildings; (iii) certain infrastructure costs related to projects we are developing on behalf of others; (iv) land parcels that are leased to third parties; (v) earnest money deposits associated with potential acquisitions; and (vi) costs related to future development projects, including purchase options on land. | ||||||||||||||||||||||||
Summary of Properties Acquired | Real estate acquisition activity for the years ended December 31 was as follows (dollars and square feet in thousands): | ||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Acquisitions of properties from unconsolidated co-investment ventures | |||||||||||||||||||||||||
Number of industrial operating properties | 231 | 58 | 215 | ||||||||||||||||||||||
Square feet | 45,663 | 16,319 | 46,277 | ||||||||||||||||||||||
Real estate acquisition value | $ | 2,770,191 | $ | 1,141,128 | $ | 2,294,892 | |||||||||||||||||||
Gains on revaluation of equity investments upon acquisition of a controlling interest | $ | 201,319 | $ | 34,787 | $ | 286,335 | |||||||||||||||||||
Acquisitions of properties from third parties | |||||||||||||||||||||||||
Number of industrial operating properties | 8 | 12 | 12 | ||||||||||||||||||||||
Square feet | 1,004 | 3,262 | 1,622 | ||||||||||||||||||||||
Real estate acquisition value | $ | 78,314 | $ | 146,331 | $ | 77,397 | |||||||||||||||||||
Summary of Properties Disposed | Real estate disposition activity for the years ended December 31 was as follows (dollars and square feet in thousands): | ||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Continuing Operations | |||||||||||||||||||||||||
Contributions to unconsolidated co-investment ventures | |||||||||||||||||||||||||
Number of properties | 126 | 254 | 25 | ||||||||||||||||||||||
Square feet | 25,247 | 71,503 | 4,784 | ||||||||||||||||||||||
Net proceeds | $ | 1,825,311 | $ | 6,479,707 | $ | 380,880 | |||||||||||||||||||
Net gains on contributions | $ | 188,268 | $ | 555,196 | $ | 1,958 | |||||||||||||||||||
Dispositions to third parties | |||||||||||||||||||||||||
Number of properties | 145 | - | - | ||||||||||||||||||||||
Square feet | 19,856 | - | - | ||||||||||||||||||||||
Net proceeds (1) | $ | 1,365,318 | $ | 177,273 | $ | 94,587 | |||||||||||||||||||
Net gains on dispositions (1) | $ | 336,203 | $ | 7,673 | $ | 17,314 | |||||||||||||||||||
Discontinued Operations | |||||||||||||||||||||||||
Number of properties | - | 89 | 200 | ||||||||||||||||||||||
Square feet | - | 9,196 | 27,169 | ||||||||||||||||||||||
Net proceeds from dispositions | $ | - | $ | 608,286 | $ | 1,562,189 | |||||||||||||||||||
Net gains from dispositions, including related impairment charges and taxes (2) | $ | - | $ | 116,550 | $ | 35,098 | |||||||||||||||||||
-1 | Dispositions to third parties include land sales. | ||||||||||||||||||||||||
-2 | We recorded $1.2 million and $0.2 million of income tax expense in 2013 and 2012, respectively, related to the disposition of properties in discontinued operations. | ||||||||||||||||||||||||
Future Minimum Rental Payments under Non-Cancelable Operating Leases | Future minimum rental payments under non-cancelable operating leases in effect at December 31, 2014, were as follows (in thousands): | ||||||||||||||||||||||||
2015 | $ | 32,307 | |||||||||||||||||||||||
2016 | 30,237 | ||||||||||||||||||||||||
2017 | 27,490 | ||||||||||||||||||||||||
2018 | 25,896 | ||||||||||||||||||||||||
2019 | 25,110 | ||||||||||||||||||||||||
Thereafter | 391,634 | ||||||||||||||||||||||||
Total | $ | 532,674 | |||||||||||||||||||||||
Operating Properties and Leases | At December 31, 2014, minimum lease payments on leases with lease periods greater than one year for space in our operating properties and leases of land subject to ground leases were as follows (in thousands): | ||||||||||||||||||||||||
2015 | $ | 1,193,676 | |||||||||||||||||||||||
2016 | 1,025,162 | ||||||||||||||||||||||||
2017 | 798,922 | ||||||||||||||||||||||||
2018 | 601,492 | ||||||||||||||||||||||||
2019 | 427,600 | ||||||||||||||||||||||||
Thereafter | 1,326,106 | ||||||||||||||||||||||||
Total | $ | 5,372,958 |
Unconsolidated_Investments_Tab
Unconsolidated Investments (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||
Summary of Investments in and Advances Unconsolidated Entities | Our investments in and advances to our unconsolidated entities at December 31 are summarized below (in thousands): | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Unconsolidated co-investment ventures | $ | 4,665,918 | $ | 4,250,015 | |||||||||||||
Other ventures | 158,806 | 180,224 | |||||||||||||||
Totals | $ | 4,824,724 | $ | 4,430,239 | |||||||||||||
Summary of Unconsolidated Co-investment Ventures | The following tables are summarized information of the unconsolidated co-investment ventures at December 31, and for the three years ended December 31. | ||||||||||||||||
(dollars and square feet in millions) | 2014 | 2013 | 2012 | ||||||||||||||
Americas: | |||||||||||||||||
Number of ventures | 3 | 4 | 6 | ||||||||||||||
Number of properties owned | 590 | 709 | 801 | ||||||||||||||
Square feet | 87.1 | 108.5 | 127.5 | ||||||||||||||
Total assets | $ | 7,063 | $ | 8,014 | $ | 9,070 | |||||||||||
Third-party debt | $ | 2,280 | $ | 2,999 | $ | 3,836 | |||||||||||
Total liabilities | $ | 2,421 | $ | 3,177 | $ | 4,170 | |||||||||||
Our investment balance (1) | $ | 1,537 | $ | 1,194 | $ | 1,112 | |||||||||||
Our weighted average ownership (2) | 31.00% | 22.70% | 23.20% | ||||||||||||||
Europe: | |||||||||||||||||
Number of ventures | 4 | 4 | 3 | ||||||||||||||
Number of properties owned | 636 | 571 | 312 | ||||||||||||||
Square feet | 147.4 | 132.9 | 70.3 | ||||||||||||||
Total assets | $ | 11,463 | $ | 11,819 | $ | 6,605 | |||||||||||
Third-party debt | $ | 2,644 | $ | 2,998 | $ | 2,384 | |||||||||||
Total liabilities | $ | 3,524 | $ | 4,114 | $ | 2,954 | |||||||||||
Our investment balance (1) | $ | 2,773 | $ | 2,703 | $ | 723 | |||||||||||
Our weighted average ownership (2) | 38.80% | 39.00% | 29.70% | ||||||||||||||
Asia: | |||||||||||||||||
Number of ventures | 2 | 2 | 2 | ||||||||||||||
Number of properties owned | 52 | 43 | 44 | ||||||||||||||
Square feet | 26.2 | 22.9 | 11 | ||||||||||||||
Total assets | $ | 4,135 | $ | 4,032 | $ | 1,937 | |||||||||||
Third-party debt | $ | 1,652 | $ | 1,715 | $ | 973 | |||||||||||
Total liabilities | $ | 1,749 | $ | 1,899 | $ | 1,063 | |||||||||||
Our investment balance (1) | $ | 356 | $ | 353 | $ | 179 | |||||||||||
Our weighted average ownership (2) | 15.00% | 15.00% | 19.20% | ||||||||||||||
Total: | |||||||||||||||||
Number of ventures | 9 | 10 | 11 | ||||||||||||||
Number of properties owned | 1,278 | 1,323 | 1,157 | ||||||||||||||
Square feet | 260.7 | 264.3 | 208.8 | ||||||||||||||
Total assets | $ | 22,661 | $ | 23,865 | $ | 17,612 | |||||||||||
Third-party debt | $ | 6,576 | $ | 7,712 | $ | 7,193 | |||||||||||
Total liabilities | $ | 7,694 | $ | 9,190 | $ | 8,187 | |||||||||||
Our investment balance (1) | $ | 4,666 | $ | 4,250 | $ | 2,014 | |||||||||||
Our weighted average ownership (2) | 32.00% | 29.20% | 25.10% | ||||||||||||||
(in millions) | 2014 (3) | 2013 (3) | 2012 | ||||||||||||||
Americas: | |||||||||||||||||
Revenues | $ | 711 | $ | 702 | $ | 759 | |||||||||||
Net operating income | $ | 527 | $ | 513 | $ | 561 | |||||||||||
Net earnings (loss) | $ | 54 | $ | 58 | $ | -88 | |||||||||||
Europe: | |||||||||||||||||
Revenues | $ | 1,001 | $ | 801 | $ | 490 | |||||||||||
Net operating income | $ | 787 | $ | 621 | $ | 380 | |||||||||||
Net earnings | $ | 268 | $ | 131 | $ | 86 | |||||||||||
Asia: | |||||||||||||||||
Revenues | $ | 280 | $ | 224 | $ | 141 | |||||||||||
Net operating income | $ | 219 | $ | 175 | $ | 109 | |||||||||||
Net earnings | $ | 86 | $ | 48 | $ | 8 | |||||||||||
Total: | |||||||||||||||||
Revenues | $ | 1,992 | $ | 1,727 | $ | 1,390 | |||||||||||
Net operating income | $ | 1,533 | $ | 1,309 | $ | 1,050 | |||||||||||
Net earnings | $ | 408 | $ | 237 | $ | 6 | |||||||||||
-1 | The difference between our ownership interest of the venture’s equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to the venture ($322.9 million, $139.6 million and $147.9 million at December 31, 2014, 2013 and 2012, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to the venture. | ||||||||||||||||
-2 | Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution to total assets, before depreciation, net of other liabilities. | ||||||||||||||||
-3 | We had significant activity with our unconsolidated co-investment ventures in 2014 and 2013. As described above, we formed and invested in FIBRA Prologis in June 2014. In connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. During 2013, we concluded three co-investment ventures and we started two new co-investment ventures. | ||||||||||||||||
Earnings on Investment in Co-Investment Ventures | Summarized information regarding the amounts we recognized in the Consolidated Statements of Operations as our share of the earnings from our investments in unconsolidated co-investment ventures for the years ended December 31 was as follows (in thousands): | ||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Earnings (loss) from unconsolidated co-investment ventures: | |||||||||||||||||
Americas | $ | 8,596 | $ | 21,724 | $ | -7,843 | |||||||||||
Europe | 108,430 | 63,839 | 31,174 | ||||||||||||||
Asia | 14,022 | 9,091 | 2,372 | ||||||||||||||
Total earnings from unconsolidated co-investment ventures, net | $ | 131,048 | $ | 94,654 | $ | 25,703 | |||||||||||
Strategic capital and other income: | |||||||||||||||||
Americas | $ | 94,354 | $ | 70,642 | $ | 68,142 | |||||||||||
Europe | 86,487 | 63,794 | 37,173 | ||||||||||||||
Asia | 37,509 | 42,749 | 19,870 | ||||||||||||||
Total strategic capital income | 218,350 | 177,185 | 125,185 | ||||||||||||||
Development management and other income | 5,424 | 4,007 | 535 | ||||||||||||||
Total strategic capital and other income | $ | 223,774 | $ | 181,192 | $ | 125,720 | |||||||||||
Information About Investments in Co-investment Ventures by Property Funds | Information about our investments in the individual co-investment ventures at December 31 was as follows (dollars in thousands): | ||||||||||||||||
Ownership | Investment in | ||||||||||||||||
Percentage | and Advances to | ||||||||||||||||
Co-Investment Venture | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Prologis Targeted U.S. Logistics Fund, L.P. | 24.30% | 25.90% | $ | 712,044 | $ | 743,454 | |||||||||||
Prologis North American Industrial Fund, LP (NAIF) (1) | - | 23.10% | - | 201,482 | |||||||||||||
FIBRA Prologis (2) (3) | 45.90% | - | 589,627 | - | |||||||||||||
Prologis MX Fund LP (Prologis Mexico Industrial Fund) (2) | - | 20.00% | - | 49,684 | |||||||||||||
Prologis Brazil Logistics Partners Fund I, L.P. (“Brazil Fund”) and related joint ventures (“Brazil Ventures”) (4) | 50.00% | 50.00% | 235,496 | 199,392 | |||||||||||||
Prologis Targeted Europe Logistics Fund, FCP-FIS | 43.20% | 43.10% | 458,702 | 471,896 | |||||||||||||
Prologis European Properties Fund II, FCP-FIS | 31.10% | 32.50% | 488,503 | 582,828 | |||||||||||||
Europe Logistics Venture 1, FCP-FIS (5) | 15.00% | 15.00% | 56,127 | 62,654 | |||||||||||||
Prologis European Logistics Partners Sàrl (PELP) (5) | 50.00% | 50.00% | 1,769,720 | 1,585,923 | |||||||||||||
Nippon Prologis REIT (NPR) (6)(7) | 15.10% | 15.10% | 303,178 | 309,715 | |||||||||||||
Prologis China Logistics Venture I, LP & II, LP (Prologis China Logistics Venture) (5) | 15.00% | 15.00% | 52,521 | 42,987 | |||||||||||||
Totals | $ | 4,665,918 | $ | 4,250,015 | |||||||||||||
-1 | As discussed in Note 3, we began consolidating NAIF in October 2014. | ||||||||||||||||
-2 | As discussed in Note 4, we completed the initial public offering of FIBRA Prologis in June 2014 and concluded the Prologis Mexico Industrial Fund. At December 31, 2014, we owned 291.1 million units of FIBRA Prologis, which had a closing price of Ps 27.29 ($1.86) per unit on the Mexican Stock Exchange. | ||||||||||||||||
-3 | We have granted FIBRA Prologis a right of first refusal with respect to stabilized properties that we plan to sell in Mexico. | ||||||||||||||||
-4 | We have a 50% ownership interest in and consolidate an entity that in turn owns 50% of several entities that we account for on the equity method. Also, we have additional investments in other unconsolidated entities in Brazil that we account for on the equity method with various ownership interests ranging from 5-50%. We refer to the Brazil Fund and the other unconsolidated entities collectively as the “Brazil Ventures.” | ||||||||||||||||
-5 | We have one partner in each of these co-investment ventures. | ||||||||||||||||
-6 | At December 31, 2014, we owned 261,310 units of NPR, which had a closing price of ¥260,600 ($2,179) per share on the Tokyo Stock Exchange. At December 31, 2014 and 2013, we had receivables from NPR of $85.9 million and $88.5 million, respectively, related to customer security deposits that originated through a leasing company owned by us that pertain to properties owned by NPR. We have a corresponding payable to NPR’s customers in Other Liabilities in the Consolidated Balance Sheets. | ||||||||||||||||
-7 | For any properties we develop and plan to sell in Japan, we are committed to offer those properties to NPR. | ||||||||||||||||
Summary of Remaining Equity Commitments | The following table is a summary of remaining equity commitments at December 31, 2014 (in millions): | ||||||||||||||||
Equity commitments | Expiration date | ||||||||||||||||
for remaining | |||||||||||||||||
Prologis | Venture | Total | commitments | ||||||||||||||
Partners | |||||||||||||||||
Prologis Targeted U.S. Logistics Fund | $ | - | $ | 376 | $ | 376 | 2015-2017 | ||||||||||
Prologis Targeted Europe Logistics Fund (1) | 117 | 197 | 314 | Jun-15 | |||||||||||||
Prologis European Properties Fund II (1) | 46 | 106 | 152 | September 2015 | |||||||||||||
Europe Logistics Venture 1 (1) | 4 | 21 | 25 | Jun-15 | |||||||||||||
Prologis European Logistics Partners Sàrl (2) | 104 | 104 | 208 | Feb-16 | |||||||||||||
Prologis China Logistics Venture (3) | 225 | 1,277 | 1,502 | 2015 and 2017 | |||||||||||||
Total | $ | 496 | $ | 2,081 | $ | 2,577 | |||||||||||
-1 | Equity commitments are denominated in euro and reported above in U.S. dollars based on an exchange rate of 1.21 U.S. dollars to the euro. | ||||||||||||||||
-2 | The equity commitments for this venture are expected to fund the future repayment of debt that is denominated in British pounds sterling. The commitments will be called in euros and are reported above in U.S. dollars using an exchange rate of 1.56 U.S. dollars to the British pounds sterling. | ||||||||||||||||
-3 | In July 2014, we secured a $500 million increase in committed third-party equity for this venture. |
Other_Assets_and_Other_Liabili1
Other Assets and Other Liabilities (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Text Block [Abstract] | |||||||||
Schedule of Other Assets | Our other assets consisted of the following, net of amortization and depreciation, if applicable, at December 31 (in thousands): | ||||||||
2014 | 2013 | ||||||||
Leasing commissions | $ | 241,557 | $ | 222,267 | |||||
Rent leveling and above market leases | 224,589 | 256,018 | |||||||
Derivative assets | 106,664 | 20,241 | |||||||
Prepaid assets | 105,093 | 136,729 | |||||||
Fixed assets | 86,927 | 85,389 | |||||||
Value added taxes receivable | 86,331 | 106,074 | |||||||
Loan fees | 53,025 | 49,920 | |||||||
Management contracts | 52,896 | 61,082 | |||||||
Other notes receivable | 46,570 | 38,860 | |||||||
Deferred income taxes | 7,887 | 19,020 | |||||||
Other | 84,525 | 99,863 | |||||||
Totals | $ | 1,096,064 | $ | 1,095,463 | |||||
Schedule of Other Liabilities | Our other liabilities consisted of the following, net of amortization, if applicable, at December 31 (in thousands): | ||||||||
2014 | 2013 | ||||||||
Tenant security deposits | $ | 169,326 | $ | 191,070 | |||||
Income tax liabilities | 85,200 | 184,888 | |||||||
Unearned rents | 74,873 | 64,156 | |||||||
Derivative liabilities | 52,740 | 77,018 | |||||||
Below market leases | 30,651 | 30,031 | |||||||
Deferred income | 16,326 | 39,565 | |||||||
Value added taxes payable | 13,358 | 57,260 | |||||||
Environmental | 10,878 | 16,926 | |||||||
Other | 173,074 | 159,731 | |||||||
Totals | $ | 626,426 | $ | 820,645 | |||||
Schedule of Amortized Rental Income | The expected future amortization of leasing commissions into rental expense of $241.6 million is summarized in the table below. We also expect our above and below market leases and rent leveling net assets, which total $193.9 million at December 31, 2014, to be amortized into rental income as follows (in thousands): | ||||||||
Amortization | Net Charge to | ||||||||
Expense | Rental Income | ||||||||
2015 | $ | 69,815 | $ | 10,678 | |||||
2016 | 55,330 | 22,322 | |||||||
2017 | 41,783 | 25,152 | |||||||
2018 | 25,342 | 23,843 | |||||||
2019 | 15,531 | 20,413 | |||||||
Thereafter | 33,756 | 91,530 | |||||||
Totals | $ | 241,557 | $ | 193,938 | |||||
Assets_Held_for_Sale_and_Disco1
Assets Held for Sale and Discontinued Operations (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Discontinued Operations and Disposal Groups [Abstract] | |||||||||
Income Attributable to Disposed Properties and Assets Held for Sale | Income attributable to disposed properties and assets held for sale was as follows for the years ended December 31 (in thousands): | ||||||||
2013 | 2012 | ||||||||
Rental income and recoveries | $ | 34,105 | $ | 128,162 | |||||
Rental expenses | (10,633) | (40,925) | |||||||
Depreciation and amortization | -15,339 | -43,197 | |||||||
Interest expense | -1,163 | -3,213 | |||||||
Income attributable to disposed properties | $ | 6,970 | $ | 40,827 |
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||
Debt Summary | Our debt consisted of the following at December 31 (dollars in thousands): | ||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Weighted | Amount | Weighted | Amount | ||||||||||||||||||||||||||||||
Average Interest | Outstanding (2) | Average Interest | Outstanding | ||||||||||||||||||||||||||||||
Rate (1) | Rate (1) | ||||||||||||||||||||||||||||||||
Credit facilities | - % | $ | - | 1.20% | $ | 725,483 | |||||||||||||||||||||||||||
Senior notes (3) | 3.60% | 6,076,920 | 4.50% | 5,357,933 | |||||||||||||||||||||||||||||
Exchangeable senior notes | 3.30% | 456,766 | 3.30% | 438,481 | |||||||||||||||||||||||||||||
Secured mortgage debt (4) | 6.10% | 1,050,591 | 5.60% | 1,696,597 | |||||||||||||||||||||||||||||
Secured mortgage debt of consolidated entities (5) | 2.50% | 1,207,106 | 4.70% | 239,992 | |||||||||||||||||||||||||||||
Term loans | 1.30% | 572,730 | 1.70% | 535,908 | |||||||||||||||||||||||||||||
Other debt (6) | 6.20% | 16,086 | 6.20% | 16,822 | |||||||||||||||||||||||||||||
Totals | 3.60% | $ | 9,380,199 | 4.20% | $ | 9,011,216 | |||||||||||||||||||||||||||
-1 | The interest rates presented represent the effective interest rates (including amortization of the non-cash premiums or discount). | ||||||||||||||||||||||||||||||||
-2 | Included in the outstanding balances are borrowings denominated in non-U.S. currency, principally: euro ($3.3 billion) and Japanese yen ($0.4 billion). | ||||||||||||||||||||||||||||||||
-3 | Notes are due July 2017 to June 2026 and effective interest rates range from 1.4% to 7.6% at December 31, 2014. | ||||||||||||||||||||||||||||||||
-4 | Debt is due July 2015 to April 2025 and effective interest rates range from 3.3% to 7.6% at December 31, 2014. The debt is secured by 196 real estate properties with an aggregate undepreciated cost of $2.6 billion at December 31, 2014. | ||||||||||||||||||||||||||||||||
-5 | Debt is due July 2015 to December 2027 and effective interest rates range from 1.9% to 6.9% at December 31, 2014. The debt is secured by 171 real estate properties with an aggregate undepreciated cost of $2.0 billion at December 31, 2014. | ||||||||||||||||||||||||||||||||
-6 | The balance at December 31, 2014, represents primarily assessment bonds with varying interest rates from 4.5% to 7.9% that are due December 2015 to September 2033. The assessment bonds are issued by municipalities and guaranteed by us as a means of financing infrastructure and secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $784.2 million at December 31, 2014. | ||||||||||||||||||||||||||||||||
Credit Facilities | Information about our Credit Facilities at December 31 was as follows (in millions): | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||
For the years ended December 31: | |||||||||||||||||||||||||||||||||
Weighted average daily interest rate | 1.1 % | 1.7 % | 1.6 % | ||||||||||||||||||||||||||||||
Weighted average daily borrowings | $ | 182 | $ | 789 | $ | 815 | |||||||||||||||||||||||||||
Maximum borrowings outstanding at any month-end | $ | 742 | $ | 1,325 | $ | 1,634 | |||||||||||||||||||||||||||
At December 31: | |||||||||||||||||||||||||||||||||
Aggregate lender - commitments | $ | 2,742 | $ | 2,451 | $ | 2,118 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||
Borrowings outstanding | - | 726 | 889 | ||||||||||||||||||||||||||||||
Outstanding letters of credit | 35 | 73 | 68 | ||||||||||||||||||||||||||||||
Current availability | $ | 2,707 | $ | 1,652 | $ | 1,161 | |||||||||||||||||||||||||||
Schedule of Senior Notes | During the years ended December 31, we issued the following senior notes (dollars and euros in thousands): | ||||||||||||||||||||||||||||||||
2014 | Principal | Interest | Effective | Maturity | |||||||||||||||||||||||||||||
Amount | Rate | Interest Rate | Date | ||||||||||||||||||||||||||||||
February 2014 (1) | € | 700,000 | $ | 959,420 | 3.38% | 3.52% | February 2024 | ||||||||||||||||||||||||||
June 2014 (1) | € | 500,000 | $ | 680,550 | 3.00% | 3.10% | Jun-26 | ||||||||||||||||||||||||||
October 2014 (1) | € | 600,000 | $ | 756,420 | 1.38% | 1.40% | Oct-20 | ||||||||||||||||||||||||||
2013 | Principal | Interest | Effective | Maturity | |||||||||||||||||||||||||||||
Amount | Rate | Interest Rate | Date | ||||||||||||||||||||||||||||||
Aug-13 | $ | 400,000 | 2.75% | 2.76% | February 2019 | ||||||||||||||||||||||||||||
Aug-13 | $ | 850,000 | 4.25% | 4.28% | Aug-23 | ||||||||||||||||||||||||||||
Nov-13 | $ | 500,000 | 3.35% | 3.35% | Feb-21 | ||||||||||||||||||||||||||||
December 2013 (1) | € | 700,000 | $ | 950,500 | 3.00% | 3.08% | Jan-22 | ||||||||||||||||||||||||||
-1 | This debt is denominated in euro and the exchange rate used to calculate into U.S. dollar was the effective rate at the date of the transaction. | ||||||||||||||||||||||||||||||||
Long-Term Debt Maturities | Principal payments due on our debt, for each year through the period ending December 31, 2024, and thereafter were as follows at December 31, 2014 (in millions): | ||||||||||||||||||||||||||||||||
Prologis | |||||||||||||||||||||||||||||||||
Unsecured | |||||||||||||||||||||||||||||||||
Maturity | Senior | Exchangeable | Credit | Term Loans | Secured | Total | Consolidated | Total | |||||||||||||||||||||||||
Notes | Notes | Facilities | and | Mortgage | Entities’ | Consolidated | |||||||||||||||||||||||||||
Other Debt | Debt | Debt | Debt | ||||||||||||||||||||||||||||||
2015(1) | $ | - | $ | 460 | $ | - | $ | 1 | $ | 24 | $ | 485 | $ | 114 | $ | 599 | |||||||||||||||||
2016 | - | - | - | 1 | 294 | 295 | 446 | 741 | |||||||||||||||||||||||||
2017 | 377 | - | - | 232 | 156 | 765 | 206 | 971 | |||||||||||||||||||||||||
2018 | 262 | - | - | 1 | 111 | 374 | 166 | 540 | |||||||||||||||||||||||||
2019 | 693 | - | - | 1 | 285 | 979 | 1 | 980 | |||||||||||||||||||||||||
2020 | 1,096 | - | - | 1 | 6 | 1,103 | 189 | 1,292 | |||||||||||||||||||||||||
2021 | 500 | - | - | 342 | 11 | 853 | 1 | 854 | |||||||||||||||||||||||||
2022 | 850 | - | - | 1 | 7 | 858 | 1 | 859 | |||||||||||||||||||||||||
2023 | 850 | - | - | 1 | 7 | 858 | 1 | 859 | |||||||||||||||||||||||||
2024 | 850 | - | - | 1 | 129 | 980 | 1 | 981 | |||||||||||||||||||||||||
Thereafter | 607 | - | - | 7 | - | 614 | 3 | 617 | |||||||||||||||||||||||||
Subtotal | 6,085 | 460 | - | 589 | 1,030 | 8,164 | 1,129 | 9,293 | |||||||||||||||||||||||||
Unamortized (discounts) premiums, net | -8 | -3 | - | - | 20 | 9 | 78 | 87 | |||||||||||||||||||||||||
Total | $ | 6,077 | $ | 457 | $ | - | $ | 589 | $ | 1,050 | $ | 8,173 | $ | 1,207 | $ | 9,380 | |||||||||||||||||
-1 | The Exchangeable Notes are due on March 15, 2015. We will settle the exchanges in all cash, all stock or a combination of both pursuant to the applicable indenture. | ||||||||||||||||||||||||||||||||
Interest Expense | Interest expense from continuing operations included the following components for the years ended December 31 (in thousands): | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||
Gross interest expense | $ | 377,666 | $ | 471,923 | $ | 578,518 | |||||||||||||||||||||||||||
Amortization of premium, net | -21,440 | -39,015 | -36,687 | ||||||||||||||||||||||||||||||
Amortization of deferred loan costs | 14,116 | 14,374 | 16,781 | ||||||||||||||||||||||||||||||
Interest expense before capitalization | 370,342 | 447,282 | 558,612 | ||||||||||||||||||||||||||||||
Capitalized amounts | -61,457 | -67,955 | -53,397 | ||||||||||||||||||||||||||||||
Net interest expense | $ | 308,885 | $ | 379,327 | $ | 505,215 | |||||||||||||||||||||||||||
Total cash paid for interest, net of amounts capitalized | $ | 258,441 | $ | 426,528 | $ | 546,627 | |||||||||||||||||||||||||||
Activity Related to Repurchase of Debt and Net Loss on Early Extinguishment of Debt | A summary of the activity related to the repurchase of debt and net loss on early extinguishment of debt is as follows (in millions): | ||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Repurchase of senior notes | $ | 1,290 | $ | 2,142 | |||||||||||||||||||||||||||||
Repurchase of secured mortgage debt | $ | 528 | $ | 1,571 | |||||||||||||||||||||||||||||
Loss on early extinguishment of debt | $ | 165 | $ | 277 | |||||||||||||||||||||||||||||
Stockholders_Equity_of_Prologi1
Stockholders' Equity of Prologis, Inc. (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Equity [Abstract] | |||||||||||||
Equity Securities Distributions Paid or Payable Per Unit | In 2014, 2013 and 2012, we paid all of our dividends in cash. The following summarizes the taxability of our common and preferred stock dividends for the years ended December 31: | ||||||||||||
2014 (1)(2) | 2013 | 2012 | |||||||||||
Common Stock: | |||||||||||||
Ordinary income | $ | 0.29 | $ | - | $ | 0.38 | |||||||
Qualified dividend | 0.41 | - | 0.2 | ||||||||||
Capital gains | 0.62 | 1.12 | 0.54 | ||||||||||
Total distribution | $ | 1.32 | $ | 1.12 | $ | 1.12 | |||||||
Preferred Stock - Series L (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.55 | |||||||
Qualified dividend | - - | - | 0.28 | ||||||||||
Capital gains | - - | 0.41 | 0.8 | ||||||||||
Total dividend | $ | - - | $ | 0.41 | $ | 1.63 | |||||||
Preferred Stock - Series M, R and S (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.57 | |||||||
Qualified dividend | - - | - | 0.3 | ||||||||||
Capital gains | - - | 0.42 | 0.82 | ||||||||||
Total dividend | $ | - - | $ | 0.42 | $ | 1.69 | |||||||
Preferred Stock - Series O (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.59 | |||||||
Qualified dividend | - - | - | 0.31 | ||||||||||
Capital gains | - - | 0.44 | 0.85 | ||||||||||
Total dividend | $ | - - | $ | 0.44 | $ | 1.75 | |||||||
Preferred Stock - Series P (3): | |||||||||||||
Ordinary income | $ | - - | $ | - | $ | 0.58 | |||||||
Qualified dividend | - - | - | 0.3 | ||||||||||
Capital gains | - - | 0.43 | 0.83 | ||||||||||
Total dividend | $ | - - | $ | 0.43 | $ | 1.71 | |||||||
Preferred Stock - Series Q: | |||||||||||||
Ordinary income | $ | 0.71 | $ | - | $ | 1.44 | |||||||
Qualified dividend | 1.01 | - | 0.75 | ||||||||||
Capital gains | 2.55 | 4.27 | 2.08 | ||||||||||
Total dividend | $ | 4.27 | $ | 4.27 | $ | 4.27 | |||||||
-1 | Items indicated by ‘- - ‘ are not applicable. | ||||||||||||
-2 | Taxability for 2014 is estimated. | ||||||||||||
-3 | As discussed above, in April 2013, we redeemed all of the outstanding series L, M, O, P, R and S preferred stock. |
Noncontrolling_Interests_Table
Noncontrolling Interests (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||
Noncontrolling Interest [Abstract] | |||||||||||||||||||||||||||||||||
Noncontrolling Interests Summary | |||||||||||||||||||||||||||||||||
The following is a summary of the noncontrolling interest and the consolidated entity’s total investment in real estate and debt at December 31 (dollars and units in thousands): | |||||||||||||||||||||||||||||||||
Our | Noncontrolling Interest | Total Investment In Real | Debt | ||||||||||||||||||||||||||||||
Ownership | Estate | ||||||||||||||||||||||||||||||||
Percentage | |||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Partnerships with exchangeable units (1) | various | various | $ | 70,716 | $ | 75,532 | $ | 711,310 | $ | 783,052 | $ | - | $ | - | |||||||||||||||||||
Prologis North American Industrial Fund | 66.10% | N/A | 544,718 | - | 2,771,299 | - | 1,188,836 | - | |||||||||||||||||||||||||
Prologis U.S. Logistics Venture | 55.00% | N/A | 427,307 | - | 1,006,183 | - | - | - | |||||||||||||||||||||||||
Brazil Fund (2) | 50.00% | 50.00% | 68,533 | 65,006 | - | - | - | - | |||||||||||||||||||||||||
Mexico Fondo Logistico (AFORES) (3) | 20.00% | 20.00% | 17,122 | 220,292 | - | 457,006 | - | 191,866 | |||||||||||||||||||||||||
Other consolidated entities | various | various | 31,505 | 56,256 | 307,686 | 370,933 | 18,269 | 48,126 | |||||||||||||||||||||||||
Prologis, L.P. noncontrolling interests | 1,159,901 | 417,086 | 4,796,478 | 1,610,991 | 1,207,105 | 239,992 | |||||||||||||||||||||||||||
Limited partners in Prologis, L.P. (4) | 48,189 | 48,209 | - | - | - | - | |||||||||||||||||||||||||||
Prologis, Inc. noncontrolling interests | $ | 1,208,090 | $ | 465,295 | $ | 4,796,478 | $ | 1,610,991 | $ | 1,207,105 | $ | 239,992 | |||||||||||||||||||||
-1 | At December 31, 2014 and 2013, there were limited partnership units that were exchangeable into cash or, at our option, 1,887 and 1,949 shares, respectively, of the Parent’s common stock. In 2014, 62 limited partnership units were redeemed for cash of $2.5 million. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly dividends paid on our common stock pursuant to the terms of the applicable partnership agreements. | ||||||||||||||||||||||||||||||||
-2 | We have a 50% ownership interest in and consolidate the Brazil Fund. The Brazil Fund’s assets are primarily investments in unconsolidated entities of $152.0 million at December 31, 2014. For additional information on our unconsolidated investments, see Note 5. | ||||||||||||||||||||||||||||||||
-3 | In 2014, AFORES contributed its remaining operating properties and the balance of its secured debt to FIBRA Prologis in two separate transactions. The difference between the amount received and the noncontrolling interest balance related to the properties contributed was $34.6 million, and was adjusted through equity with no gain or loss recognized. See Notes 4 and 5 for more information on these transactions. | ||||||||||||||||||||||||||||||||
-4 | At December 31, 2014 and 2013, there were limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 1,767 shares of the Parent’s common stock. In 2014, no limited partnership units were redeemed for cash or the Parent’s common stock. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly distributions paid on our common stock pursuant to the terms of the partnership agreement. |
LongTerm_Compensation_Tables
Long-Term Compensation (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Stock Options Granted Assumptions | The following table details the assumptions of each grant based on the year it was granted (dollars in thousands): | ||||||||||||
2014 | 2013 | 2012 (1) | |||||||||||
Risk free interest rate | 0.67% | 0.39% | 0.17% | ||||||||||
Expected volatility | 38% | 38% | 23% | ||||||||||
Aggregate fair value | $ | 23,100 | $ | 23,900 | $ | 36,100 | |||||||
-1 | These assumptions are based on the date the grant was modified in 2013. | ||||||||||||
RSU and PSA [Member] | |||||||||||||
Stock Options, RSU and Performance Share Awards | The activity for the year ended December 31, 2014 with respect to our RSUs was as follows (awards in thousands): | ||||||||||||
Number of | Weighted Average | Number of | |||||||||||
Unvested RSUs | Grant-Date Fair Value | Awards Vested | |||||||||||
Balance at January 1, 2014 | 2,266 | $ | 36.82 | 79 | |||||||||
Granted | 1,329 | 40.85 | |||||||||||
Vested and distributed | -1,019 | 35.7 | |||||||||||
Forfeited | -55 | 38.2 | |||||||||||
Balance at December 31, 2014 | 2,521 | $ | 39.38 | 106 | |||||||||
Restricted Operating Partnership Units [Member] | |||||||||||||
Stock Options, RSU and Performance Share Awards | The activity for the year ended December 31, 2014 with respect to the LTIP Units issued under the PPP (as explained above) was as follows (units in thousands): | ||||||||||||
Number of | Weighted Average | ||||||||||||
Unvested LTIP Units | Grant-Date Fair Value | ||||||||||||
Balance at January 1, 2014 | - | $ | - | ||||||||||
Granted | 113 | 41.43 | |||||||||||
Vested and distributed | - | - | |||||||||||
Forfeited | - | - | |||||||||||
Balance at December 31, 2014 | 113 | $ | 41.43 |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||||||
Components of Earnings (Loss) Before Income Taxes | Components of earnings (loss) before income taxes for the years ended December 31 were as follows (in thousands): | ||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Domestic | $ | 390,874 | $ | -404,910 | $ | -65,566 | |||||||||||||||
International | 322,754 | 741,172 | -37,251 | ||||||||||||||||||
Earnings (loss) before income taxes | $ | 713,628 | $ | 336,262 | $ | (102,817) | |||||||||||||||
Components of Provision for Income Tax | Components of the provision for income taxes for the years ended December 31 were as follows (in thousands): | ||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Current income tax expense (benefit): | |||||||||||||||||||||
United States federal | $ | -6,585 | $ | 20,009 | $ | -27,897 | |||||||||||||||
International | 52,155 | 99,478 | 46,294 | ||||||||||||||||||
State and local | 16,014 | 8,501 | 7,383 | ||||||||||||||||||
Total current tax expense | 61,584 | 127,988 | 25,780 | ||||||||||||||||||
Deferred income tax expense (benefit): | |||||||||||||||||||||
United States federal | -27,374 | -1,133 | 152 | ||||||||||||||||||
International | -59,866 | -18,934 | -22,119 | ||||||||||||||||||
Total deferred tax benefit | -87,240 | -20,067 | -21,967 | ||||||||||||||||||
Total income tax expense (benefit), included in continuing and discontinued operations | $ | -25,656 | $ | 107,921 | $ | 3,813 | |||||||||||||||
Deferred Income Tax Assets and Liabilities | Deferred income tax assets and liabilities at December 31 were as follows (in thousands): | ||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Gross deferred income tax assets: | |||||||||||||||||||||
Net operating loss carryforwards (1) | $ | 346,978 | $ | 391,764 | |||||||||||||||||
Basis difference - real estate properties | 105,205 | 133,767 | |||||||||||||||||||
Basis difference - equity investments | 12,401 | 9,238 | |||||||||||||||||||
Basis difference - intangibles | 5,952 | 8,113 | |||||||||||||||||||
Section 163(j) interest limitation | 32,703 | 33,224 | |||||||||||||||||||
Capital loss carryforward | 25,282 | 32,054 | |||||||||||||||||||
Other - temporary differences | 10,701 | 20,124 | |||||||||||||||||||
Total gross deferred income tax assets | 539,222 | 628,284 | |||||||||||||||||||
Valuation allowance | -518,241 | -583,675 | |||||||||||||||||||
Gross deferred income tax assets, net of valuation allowance | 20,981 | 44,609 | |||||||||||||||||||
Gross deferred income tax liabilities: | |||||||||||||||||||||
Basis difference - real estate properties | 89,998 | 167,951 | |||||||||||||||||||
Built-in-gains - equity investments and real estate properties | - | 27,116 | |||||||||||||||||||
Basis difference- intangibles | 7,324 | 8,823 | |||||||||||||||||||
Other - temporary differences | 716 | 5,269 | |||||||||||||||||||
Total gross deferred income tax liabilities | 98,038 | 209,159 | |||||||||||||||||||
Net deferred income tax liabilities | $ | 77,057 | $ | 164,550 | |||||||||||||||||
-1 | At December 31, 2014, we had net operating loss (“NOL”) carryforwards as follows (in millions): | ||||||||||||||||||||
Summary of Operating Loss Carryforwards | -1 | At December 31, 2014, we had net operating loss (“NOL”) carryforwards as follows (in millions): | |||||||||||||||||||
U.S. | Europe | Mexico | Japan | Other | |||||||||||||||||
Gross NOL carryforward | $ | 92 | $ | 747 | $ | 246 | $ | 132 | $ | 67 | |||||||||||
Tax-effected NOL carryforward | 35 | 197 | 74 | 25 | 16 | ||||||||||||||||
Valuation allowance | -35 | -188 | -74 | -25 | -16 | ||||||||||||||||
Net deferred tax asset-NOL carryforward | $ | - | $ | 9 | $ | - | $ | - | $ | - | |||||||||||
Expiration periods | 2022-2033 | 2015-indefinite | 2015-2025 | 2015-2023 | 2015-indefinite | ||||||||||||||||
Summary of Income Tax Contingencies | The liability for uncertain tax positions principally consisted of estimated federal income tax liabilities and included accrued interest and penalties of $0.3 million and $0.9 million at December 31, 2014 and 2013, respectively. A reconciliation of the liability for uncertain tax positions for the years ended December 31 was as follows (in thousands): | ||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Balance at January 1 | $ | 1,318 | $ | 7,943 | |||||||||||||||||
Additions for tax positions taken during a prior year | 256 | 405 | |||||||||||||||||||
Settlements with taxing authorities | - | (7,030) | |||||||||||||||||||
Reductions due to lapse of applicable statute of limitations | -1,318 | - | |||||||||||||||||||
Balance at December 31 | $ | 256 | $ | 1,318 | |||||||||||||||||
Earnings_Loss_Per_Common_Share1
Earnings / Loss Per Common Share / Unit (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Earnings Per Share [Abstract] | |||||||||||||
Computation of Basic and Diluted Earnings Per Share Unit | The following table sets forth the computation of our basic and diluted earnings per share/unit for the years ended December 31 (in thousands, except per share/unit amounts): | ||||||||||||
Prologis, Inc. | 2014 | 2013 | 2012 | ||||||||||
Net earnings (loss) attributable to common stockholders | $ | 622,235 | $ | 315,422 | $ | -80,946 | |||||||
Noncontrolling interest attributable to exchangeable limited partnership units | 3,636 | 1,305 | -162 | ||||||||||
Adjusted net earnings (loss) attributable to common stockholders | $ | 625,871 | $ | 316,727 | $ | (81,108) | |||||||
Weighted average common shares outstanding - Basic (1) | 499,583 | 486,076 | 459,895 | ||||||||||
Incremental weighted average effect on exchange of limited partnership units (2) | 3,501 | 2,060 | 1,953 | ||||||||||
Incremental weighted average effect of equity awards and warrants | 3,307 | 3,410 | - | ||||||||||
Weighted average common shares outstanding - Diluted (3) | 506,391 | 491,546 | 461,848 | ||||||||||
Net earnings (loss) per share attributable to common stockholders - | |||||||||||||
Basic | $ | 1.25 | $ | 0.65 | $ | -0.18 | |||||||
Diluted | $ | 1.24 | $ | 0.64 | $ | -0.18 | |||||||
Prologis, L.P. | 2014 | 2013 | 2012 | ||||||||||
Net earnings (loss) attributable to common unitholders | $ | 624,436 | $ | 316,630 | $ | -81,108 | |||||||
Noncontrolling interest attributable to exchangeable limited partnership units | 1,435 | 97 | - | ||||||||||
Adjusted net earnings (loss) attributable to common unitholders | $ | 625,871 | $ | 316,727 | $ | -81,108 | |||||||
Weighted average common partnership units outstanding - Basic (1) | 501,349 | 487,936 | 461,848 | ||||||||||
Incremental weighted average effect on exchange of limited partnership units | 1,735 | 200 | - | ||||||||||
Incremental weighted average effect of equity awards and warrants of Prologis, Inc. | 3,307 | 3,410 | - | ||||||||||
Weighted average common partnership units outstanding - Diluted (3) | 506,391 | 491,546 | 461,848 | ||||||||||
Net earnings (loss) per unit attributable to common unitholders - | |||||||||||||
Basic | $ | 1.25 | $ | 0.65 | $ | -0.18 | |||||||
Diluted | $ | 1.24 | $ | 0.64 | $ | -0.18 | |||||||
-1 | The increase in shares/units between the periods is primarily due to equity offering in April 2013. | ||||||||||||
-2 | Income (loss) allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods since the per share/unit amount is the same. The incremental weighted average exchangeable Operating Partnership units (in thousands) were 1,767, 1,860 and 1,953 for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||||||||||
-3 | Total weighted average potentially dilutive stock awards and warrant outstanding (in thousands) were 14,366, 13,998, and 9,805 for the years ended December 31, 2014, 2013 and 2012, respectively. Total weighted average potentially dilutive shares/units from exchangeable debt outstanding (in thousands) were 11,879 for all periods presented. Total weighted average potentially dilutive limited partnership units outstanding (in thousands) were 1,932, 1,558, and 1,284 for the years ended December 31, 2014, 2013 and 2012, respectively. |
Financial_Instruments_and_Fair1
Financial Instruments and Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||
Derivative Activity | The following table summarizes the activity in our derivative instruments for the years ended December 31 as follows (in millions): | ||||||||||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | Interest | ||||||||||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||||||||||
Net Investment Contracts | Euro Option | Swaps (2) | |||||||||||||||||||||||||||||||||||
Contracts (1) | |||||||||||||||||||||||||||||||||||||
Notional amounts at January 1 | € | 600 | $ | 800 | £ | - | $ | - | ¥ | 24,136 | $ | 250 | € | - | $ | - | $ | 71 | |||||||||||||||||||
New contracts | 1,746 | 2,354 | 238 | 400 | 79,010 | 769 | 365 | 464 | 398 | ||||||||||||||||||||||||||||
Matured or expired contracts | -2,046 | -2,754 | - | - | -79,010 | -769 | -81 | -110 | -71 | ||||||||||||||||||||||||||||
Notional amounts at December 31 | € | 300 | $ | 400 | £ | 238 | $ | 400 | ¥ | 24,136 | $ | 250 | € | 284 | $ | 354 | $ | 398 | |||||||||||||||||||
Weighted Average Forward Rate at December 31 | 1.33 | 1.68 | 96.54 | 1.25 | |||||||||||||||||||||||||||||||||
Active contracts at December 31 | 4 | 3 | 3 | 8 | 2 | ||||||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | Interest Rate | ||||||||||||||||||||||||||||||||||||
Net Investment Contracts | Swaps (3) | ||||||||||||||||||||||||||||||||||||
Notional amounts at January 1 | € | 1,000 | $ | 1,304 | ¥ | - | $ | - | $ | 1,315 | |||||||||||||||||||||||||||
New contracts | 600 | 800 | 24,136 | 250 | - | ||||||||||||||||||||||||||||||||
Matured or expired contracts | -1,000 | -1,304 | - | - | -1,244 | ||||||||||||||||||||||||||||||||
Notional amounts at December 31 | € | 600 | $ | 800 | ¥ | 24,136 | $ | 250 | $ | 71 | |||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||||||||||
Foreign Currency Contracts | Interest Rate | ||||||||||||||||||||||||||||||||||||
Net Investment Contracts | Swaps (4) | ||||||||||||||||||||||||||||||||||||
Notional amounts at January 1 | € | - | $ | - | $ | 1,497 | |||||||||||||||||||||||||||||||
New contracts | 1,000 | 1,304 | 445 | ||||||||||||||||||||||||||||||||||
Acquired contracts | - | - | 71 | ||||||||||||||||||||||||||||||||||
Matured or expired contracts | - | - | -698 | ||||||||||||||||||||||||||||||||||
Notional amounts at December 31 | € | 1,000 | $ | 1,304 | $ | 1,315 | |||||||||||||||||||||||||||||||
-1 | During 2014, we exercised three foreign currency option contracts, and recognized a net gain of approximately $1.1 million. | ||||||||||||||||||||||||||||||||||||
-2 | During the third quarter of 2014, we entered into two contracts with a total notional amount of ¥40.9 billion to effectively fix the interest rate on the Yen Term Loan. See Note 9 for more information on the Yen Term Loan. | ||||||||||||||||||||||||||||||||||||
-3 | During 2013, we settled 13 contracts with a notional value of $333.5 million, and contributed 13 contracts with a notional value of $383.9 million related to the transfer of assets to the newly formed PELP co-investment venture. We also settled five contracts in Japan with a notional value of $526.4 million in connection with the contributions of properties to NPR. | ||||||||||||||||||||||||||||||||||||
-4 | In 2012, we entered into four interest rate swap contracts with combined notional amounts of $445.4 million, with various expiration dates between 2017 and 2019. In addition, we acquired one interest rate swap contract with a notional amount of $71.0 million in connection with the acquisition of a controlling interest in one of our unconsolidated co-investment ventures. | ||||||||||||||||||||||||||||||||||||
Schedule of Fair Value of Derivative Instruments | The following table presents the fair value of our derivative instruments (in thousands): | ||||||||||||||||||||||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||||||
Asset | Liability | AOCI | Asset | Liability | AOCI | ||||||||||||||||||||||||||||||||
Net investment hedges - euro denominated | $ | 22,891 | $ | - | $ | 37,295 | $ | 137 | $ | 30,302 | $ | -21,705 | |||||||||||||||||||||||||
Net investment hedges - yen denominated | 46,934 | - | 56,169 | 20,104 | - | 22,102 | |||||||||||||||||||||||||||||||
Net investment hedges - pounds sterling denominated | 29,097 | - | 29,097 | - | - | - | |||||||||||||||||||||||||||||||
Foreign currency options - euro denominated (1) | 7,742 | - | - | - | - | - | |||||||||||||||||||||||||||||||
Interest rate swap hedges (2) | - | 1,395 | -1,395 | - | 5,638 | -591 | |||||||||||||||||||||||||||||||
Our share of derivatives from unconsolidated co-investment ventures (3) | - | - | -19,545 | - | - | -13,851 | |||||||||||||||||||||||||||||||
Total fair value of derivatives | $ | 106,664 | $ | 1,395 | $ | 101,621 | $ | 20,241 | $ | 35,940 | $ | -14,045 | |||||||||||||||||||||||||
-1 | As discussed above, the foreign currency options are not designated as hedges. We recognized gains of $7.7 million in Foreign Currency and Derivative Losses and Related Amortization, Net in the Consolidated Statements of Operations from the change in value of our outstanding foreign currency option contracts for the year ended December 31, 2014. | ||||||||||||||||||||||||||||||||||||
-2 | In connection with the contributions to NPR, we reclassified a loss related to interest rate swaps of $7.8 million during the first quarter of 2013 from AOCI in the Consolidated Balance Sheets to Losses on Early Extinguishment of Debt, Net in the Consolidated Statements of Operations. | ||||||||||||||||||||||||||||||||||||
-3 | Items indicated by ‘- - ‘ are not applicable | ||||||||||||||||||||||||||||||||||||
Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Loss) | The following table presents the gains and losses associated with the change in fair value for the effective portion of our derivative and non-derivative instruments included in Other Comprehensive Income (Loss) (in thousands): | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||
Derivative net investment hedges (1) | $ | 122,164 | $ | 17,847 | $ | (17,450) | |||||||||||||||||||||||||||||||
Interest rate swap hedges (2) | -804 | -69 | 6,651 | ||||||||||||||||||||||||||||||||||
Our share of derivatives from unconsolidated co-investment ventures | -5,694 | 19,659 | 11,335 | ||||||||||||||||||||||||||||||||||
Total gain (loss) on derivative instruments | 115,666 | 37,437 | 536 | ||||||||||||||||||||||||||||||||||
Non-derivative net investment hedges (3) | 321,196 | -14,910 | - | ||||||||||||||||||||||||||||||||||
Total gain on derivative and non-derivative instruments | $ | 436,862 | $ | 22,527 | $ | 536 | |||||||||||||||||||||||||||||||
-1 | This includes gains of $6.3 million and $4.3 million for the years ended December 31, 2014 and 2013, respectively, upon the settlement of net investment hedges. | ||||||||||||||||||||||||||||||||||||
-2 | The amounts reclassified to interest expense for the years ended December 31, 2014 and 2013 were not considered significant. The amount reclassified to interest expense for the year ended December 31, 2012, was $14.7 million. We do not expect the amounts reclassified to interest expense for the next 12 months to be significant. | ||||||||||||||||||||||||||||||||||||
-3 | As discussed in Note 9, we issued €1.8 billion ($2.4 billion) of debt in 2014. This debt was issued by the Operating Partnership, which is a U.S. dollar functional entity, and designated as a non-derivative financial instrument hedge. At December 31, 2014 and 2013, we had €2.5 billion ($3.0 billion) and €700 million ($1.0 billion) of debt, net of accrued interest, respectively, designated as non-derivative financial instrument hedges of our net investment in international subsidiaries. We had €97.6 million ($118.5 million) of debt that was not designated as a non-derivative financial instrument hedge at December 31, 2014. We recognized unrealized gains of $7.5 million in Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net in the Consolidated Statements of Operations on the unhedged portion or our debt in 2014. | ||||||||||||||||||||||||||||||||||||
Carrying Amounts and Estimated Fair Values of Debt | The following table reflects the carrying amounts and estimated fair values of our debt at December 31 (in thousands): | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||||||||||||||||||||||||
Credit Facilities | $ | - | $ | - | $ | 725,483 | $ | 725,679 | |||||||||||||||||||||||||||||
Senior notes | 6,076,920 | 6,593,657 | 5,357,933 | 5,698,864 | |||||||||||||||||||||||||||||||||
Exchangeable senior notes | 456,766 | 511,931 | 438,481 | 514,381 | |||||||||||||||||||||||||||||||||
Secured mortgage debt | 1,050,591 | 1,173,488 | 1,696,597 | 1,840,829 | |||||||||||||||||||||||||||||||||
Secured mortgage debt of consolidated entities | 1,207,106 | 1,209,271 | 239,992 | 246,324 | |||||||||||||||||||||||||||||||||
Term loans and other debt | 588,816 | 591,810 | 552,730 | 560,714 | |||||||||||||||||||||||||||||||||
Total debt | $ | 9,380,199 | $ | 10,080,157 | $ | 9,011,216 | $ | 9,586,791 | |||||||||||||||||||||||||||||
Business_Segments_Tables
Business Segments (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Segment Reporting [Abstract] | |||||||||||||
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets | The following reconciliations are presented in thousands: | ||||||||||||
Years Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Revenues (1): | |||||||||||||
Real estate operations: | |||||||||||||
Americas | $ | 1,403,564 | $ | 1,288,925 | $ | 1,176,920 | |||||||
Europe | 74,413 | 174,397 | 435,244 | ||||||||||
Asia | 62,939 | 107,692 | 221,575 | ||||||||||
Total Real Estate Operations segment | 1,540,916 | 1,571,014 | 1,833,739 | ||||||||||
Strategic capital: | |||||||||||||
Americas | 95,168 | 72,474 | 69,422 | ||||||||||
Europe | 86,549 | 63,794 | 37,047 | ||||||||||
Asia | 38,154 | 43,204 | 20,310 | ||||||||||
Total Strategic Capital segment | 219,871 | 179,472 | 126,779 | ||||||||||
Total revenues | $ | 1,760,787 | $ | 1,750,486 | $ | 1,960,518 | |||||||
Net operating income: | |||||||||||||
Real estate operations: | |||||||||||||
Americas | $ | 1,000,773 | $ | 899,053 | $ | 818,393 | |||||||
Europe | 40,627 | 116,178 | 325,571 | ||||||||||
Asia | 45,262 | 76,863 | 171,980 | ||||||||||
Total Real Estate Operations segment | 1,086,662 | 1,092,094 | 1,315,944 | ||||||||||
Strategic capital: | |||||||||||||
Americas | 42,042 | 18,785 | 31,637 | ||||||||||
Europe | 57,266 | 41,263 | 21,699 | ||||||||||
Asia | 24,067 | 30,145 | 9,623 | ||||||||||
Total Strategic Capital segment | 123,375 | 90,193 | 62,959 | ||||||||||
Total segment net operating income | 1,210,037 | 1,182,287 | 1,378,903 | ||||||||||
Reconciling items: | |||||||||||||
General and administrative expenses | -247,768 | -229,207 | -228,068 | ||||||||||
Depreciation and amortization | -642,461 | -648,668 | -724,262 | ||||||||||
Merger, acquisition and other integration expenses | - | - | -80,676 | ||||||||||
Impairment of real estate properties | - | - | -252,914 | ||||||||||
Earnings from unconsolidated entities, net | 134,288 | 97,220 | 31,676 | ||||||||||
Interest expense | -308,885 | -379,327 | -505,215 | ||||||||||
Interest and other income, net | 25,768 | 26,948 | 22,878 | ||||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 725,790 | 597,656 | 305,607 | ||||||||||
Foreign currency and derivative losses and related amortization, net | -17,841 | -33,633 | -20,497 | ||||||||||
Losses on early extinguishment of debt, net | -165,300 | -277,014 | -14,114 | ||||||||||
Impairment of other assets | - | - | -16,135 | ||||||||||
Total reconciling items | -496,409 | -846,025 | -1,481,720 | ||||||||||
Earnings (loss) before income taxes | $ | 713,628 | $ | 336,262 | $ | -102,817 | |||||||
December 31, | |||||||||||||
2014 | 2013 | ||||||||||||
Assets (2): | |||||||||||||
Real estate operations: | |||||||||||||
Americas | $ | 17,432,909 | $ | 16,272,868 | |||||||||
Europe | 1,820,529 | 1,634,867 | |||||||||||
Asia | 926,645 | 1,176,774 | |||||||||||
Total Real Estate Operations segment | 20,180,083 | 19,084,509 | |||||||||||
Strategic capital (3): | |||||||||||||
Americas | 20,635 | 22,154 | |||||||||||
Europe | 54,577 | 60,327 | |||||||||||
Asia | 2,718 | 3,634 | |||||||||||
Total Strategic Capital segment | 77,930 | 86,115 | |||||||||||
Total segment assets | 20,258,013 | 19,170,624 | |||||||||||
Reconciling items: | |||||||||||||
Investments in and advances to unconsolidated entities | 4,824,724 | 4,430,239 | |||||||||||
Assets held for sale | 43,934 | 4,042 | |||||||||||
Notes receivable backed by real estate | - | 188,000 | |||||||||||
Cash and cash equivalents | 350,692 | 491,129 | |||||||||||
Other assets | 340,860 | 288,273 | |||||||||||
Total reconciling items | 5,560,210 | 5,401,683 | |||||||||||
Total assets | $ | 25,818,223 | $ | 24,572,307 | |||||||||
-1 | Includes revenues attributable to the United States for the years ended December 31, 2014, 2013 and 2012 of $1.4 billion, $1.1 billion and $1.1 billion, respectively. | ||||||||||||
-2 | Includes long-lived assets attributable to the United States at December 31, 2014 and 2013 of $17.3 billion and $15.3 billion, respectively. | ||||||||||||
-3 | Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital segment. Goodwill was $25.3 million at December 31, 2014 and 2013. |
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||
Selected Quarterly Financial Data | The selected quarterly data was as follows (in thousands, except per share data): | ||||||||||||||||
Three Months Ended, | |||||||||||||||||
Prologis, Inc. | March 31, | June 30, | September 30, | December 31, | |||||||||||||
2014:00:00 | |||||||||||||||||
Total revenues | $ | 434,682 | $ | 460,089 | $ | 415,151 | $ | 450,865 | |||||||||
Operating income | $ | 71,466 | $ | 95,274 | $ | 78,112 | $ | 74,956 | |||||||||
Earnings from continuing operations | $ | 12,003 | $ | 152,430 | $ | 147,127 | $ | 427,724 | |||||||||
Net earnings attributable to common stockholders | $ | 4,666 | $ | 72,715 | $ | 136,245 | $ | 408,609 | |||||||||
Net earnings per share attributable to common stockholders - Basic (1) | $ | 0.01 | $ | 0.15 | $ | 0.27 | $ | 0.82 | |||||||||
Net earnings per share attributable to common stockholders - Diluted (1)(2) | $ | 0.01 | $ | 0.13 | $ | 0.23 | $ | 0.81 | |||||||||
2013:00:00 | |||||||||||||||||
Total revenues | $ | 479,971 | $ | 410,693 | $ | 423,058 | $ | 436,764 | |||||||||
Operating income | $ | 97,039 | $ | 58,514 | $ | 77,380 | $ | 71,479 | |||||||||
Earnings (loss) from continuing operations | $ | 289,306 | $ | -20,591 | $ | -48,671 | $ | 9,485 | |||||||||
Net earnings (loss) attributable to common stockholders | $ | 265,416 | $ | -1,517 | $ | -7,534 | $ | 59,057 | |||||||||
Net earnings (loss) per share attributable to common stockholders - Basic (1) | $ | 0.58 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
Net earnings (loss) per share attributable to common stockholders - Diluted (1)(2) | $ | 0.57 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
Prologis, L.P. | |||||||||||||||||
2014:00:00 | |||||||||||||||||
Total revenues | $ | 434,682 | $ | 460,089 | $ | 415,151 | $ | 450,865 | |||||||||
Operating income | $ | 71,466 | $ | 95,274 | $ | 78,112 | $ | 74,956 | |||||||||
Earnings from continuing operations | $ | 12,003 | $ | 152,430 | $ | 147,127 | $ | 427,724 | |||||||||
Net earnings attributable to common unitholders | $ | 4,683 | $ | 72,973 | $ | 136,738 | $ | 410,042 | |||||||||
Net earnings per unit attributable to common unitholders - Basic (1) | $ | 0.01 | $ | 0.15 | $ | 0.27 | $ | 0.82 | |||||||||
Net earnings per unit attributable to common unitholders - Diluted (1) (2) | $ | 0.01 | $ | 0.13 | $ | 0.23 | $ | 0.81 | |||||||||
2013:00:00 | |||||||||||||||||
Total revenues | $ | 479,971 | $ | 410,693 | $ | 423,058 | $ | 436,764 | |||||||||
Operating income | $ | 97,039 | $ | 58,514 | $ | 77,380 | $ | 71,479 | |||||||||
Earnings (loss) from continuing operations | $ | 289,306 | $ | -20,591 | $ | -48,671 | $ | 9,485 | |||||||||
Net earnings (loss) attributable to common unitholders | $ | 266,548 | $ | -1,592 | $ | -7,582 | $ | 59,256 | |||||||||
Net earnings (loss) per unit attributable to common unitholders - Basic (1) | $ | 0.58 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
Net earnings (loss) per unit attributable to common unitholders - Diluted (1)(2) | $ | 0.57 | $ | 0 | $ | -0.02 | $ | 0.12 | |||||||||
-1 | Quarterly earnings (loss) per common share/unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares/units outstanding included in the calculation of diluted shares/units. | ||||||||||||||||
-2 | Income (loss) allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods since the per share/unit is the same. |
Description_of_Business_Additi
Description of Business - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Segment | |
Segment Reporting [Abstract] | |
Number of reportable segments | 2 |
Percentage of ownership in general partnership | 99.65% |
Percentage of interest in preferred units | 100.00% |
Percentage of common limited partnership interest | 0.35% |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Schedule Of Significant Accounting Policies [Line Items] | |
Consolidation percentage if not wholly owned but controlled | Less than 100% of the equity |
Percentage of occupancy for stabilization | 90.00% |
Period after completion of construction for commencement of depreciation | 1 year |
Estimated useful lives | 40 years |
Average lease term period | 7 years |
Depreciation commencement description | Depreciation commences when the asset is ready for its intended use, which we define as the earlier of stabilization (90% occupied) or one year after completion of construction. |
Noncontrolling interests in real estate entities | 100.00% |
Percentage of taxable income distribute | 100.00% |
Capital Improvements [Member] | Minimum [Member] | |
Schedule Of Significant Accounting Policies [Line Items] | |
Estimated useful lives | 5 years |
Capital Improvements [Member] | Maximum [Member] | |
Schedule Of Significant Accounting Policies [Line Items] | |
Estimated useful lives | 7 years |
Standard Tenant Improvements [Member] | |
Schedule Of Significant Accounting Policies [Line Items] | |
Estimated useful lives | 10 years |
Depreciable and Land Improvements [Member] | |
Schedule Of Significant Accounting Policies [Line Items] | |
Estimated useful lives | 25 years |
Operating Properties [Member] | |
Schedule Of Significant Accounting Policies [Line Items] | |
Estimated useful lives | 30 years |
Business_Combinations_Addition
Business Combinations - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | ||||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Oct. 20, 2014 | Oct. 02, 2013 | Jan. 31, 2014 | Aug. 06, 2013 | ||||
Property | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Equity method investment | $4,666,000,000 | [1] | $4,250,000,000 | [1] | $2,014,000,000 | [1] | ||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 725,790,000 | 715,758,000 | 348,615,000 | |||||||
Prologis SGP Mexico [Member] | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Ownership interest in the venture, percentage | 78.40% | |||||||||
Business acquisition purchase price allocation real estate properties | 409,500,000 | |||||||||
Business acquisition purchase price allocation other assets | 4,000,000 | |||||||||
Business acquisition purchase price allocation other liabilities | 158,400,000 | |||||||||
Prologis North American Industrial Fund [Member] | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Equity method investment | 679,000,000 | |||||||||
Total purchase price | 1,082,520,000 | 46,800,000 | ||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 201,300,000 | |||||||||
Rental income included in pro forma result | 49,200,000 | |||||||||
Rental expenses included in pro forma result | 13,300,000 | |||||||||
Prologis North American Industrial Fund [Member] | Minimum [Member] | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Equity method investment, percentage | 23.10% | |||||||||
Prologis North American Industrial Fund [Member] | Maximum [Member] | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Equity method investment, percentage | 66.10% | |||||||||
Unconsolidated Co-investment Ventures [Member] | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 34,800,000 | |||||||||
Number of unconsolidated Co-investment Ventures | 3 | |||||||||
Prologis North American Industrial Fund III [Member] | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Ownership interest in the venture, percentage | 80.00% | |||||||||
Business acquisition purchase price allocation real estate properties | 519,200,000 | |||||||||
Business acquisition purchase price allocation other assets | 22,000,000 | |||||||||
Number of properties sold | 73 | |||||||||
Ownership percentage in joint venture | 55.00% | |||||||||
Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member] | ||||||||||
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items] | ||||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 286,300,000 | |||||||||
Rental income included in pro forma result | 170,600,000 | |||||||||
Rental expenses included in pro forma result | 42,500,000 | |||||||||
Number of unconsolidated Co-investment Ventures | 3 | |||||||||
Business acquisition purchase price allocation real estate properties | 2,300,000,000 | |||||||||
Business acquisition purchase price allocation other assets | 50,300,000 | |||||||||
Business acquisition purchase price allocation other liabilities | $1,000,000,000 | |||||||||
[1] | The difference between our ownership interest of the venture's equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to the venture ($322.9 million, $139.6 million and $147.9 million at December 31, 2014, 2013 and 2012, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to the venture. |
Business_Combinations_Schedule
Business Combinations - Schedule of Price Consideration for Business Consideration (Detail) (Prologis North American Industrial Fund [Member], USD $) | 0 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Oct. 20, 2014 | Dec. 31, 2014 |
Prologis North American Industrial Fund [Member] | ||
Business Acquisition [Line Items] | ||
Investments in real estate properties | $2,770,191 | |
Cash, accounts receivable and other assets | 132,261 | |
Debt | -1,195,213 | |
Accounts payable, accrued expenses and other liabilities | -70,226 | |
Noncontrolling interests | -554,493 | |
Total purchase price | $46,800 | $1,082,520 |
Real_Estate_Real_Estate_Assets
Real Estate - Real Estate Assets (Detail) (USD $) | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | sqft | sqft | Property | Property |
Property | sqft | sqft | ||
Real Estate Properties [Line Items] | ||||
Square Feet / Acres | 260,700,000 | 12,600,000 | 264,300,000 | 208,800,000 |
Number of buildings | 1,278 | 1,323 | 1,157 | |
Industrial operating properties: | ||||
Total investments in real estate properties | $22,190,145 | $20,824,477 | ||
Less accumulated depreciation | 2,790,781 | 2,568,998 | ||
Net investments in real estate properties | 19,399,364 | 18,255,479 | ||
Improved Land [Member] | ||||
Industrial operating properties: | ||||
Total investments in real estate properties | 4,227,637 | 4,074,647 | ||
Building and Improvements [Member] | ||||
Real Estate Properties [Line Items] | ||||
Square Feet / Acres | 282,282,000 | 267,097,000 | ||
Number of buildings | 1,607 | 1,610 | ||
Industrial operating properties: | ||||
Total investments in real estate properties | 14,407,815 | 13,726,417 | ||
Development Portfolio, Including Cost of Land: Pre-stabilized [Member] | ||||
Real Estate Properties [Line Items] | ||||
Square Feet / Acres | 7,448,000 | 4,491,000 | ||
Number of buildings | 24 | 11 | ||
Industrial operating properties: | ||||
Total investments in real estate properties | 547,982 | 204,022 | ||
Properties Under Development [Member] | ||||
Real Estate Properties [Line Items] | ||||
Square Feet / Acres | 22,844,000 | 18,587,000 | ||
Number of buildings | 55 | 46 | ||
Industrial operating properties: | ||||
Total investments in real estate properties | 925,998 | 816,995 | ||
Land [Member] | ||||
Real Estate Properties [Line Items] | ||||
Square Feet / Acres | 9,017,000 | 9,747,000 | ||
Industrial operating properties: | ||||
Total investments in real estate properties | 1,577,786 | 1,516,166 | ||
Other Real Estate Investments [Member] | ||||
Industrial operating properties: | ||||
Total investments in real estate properties | $502,927 | $486,230 |
Real_Estate_Summary_of_Acquisi
Real Estate - Summary of Acquisition (Detail) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Dec. 31, 2011 |
Property | sqft | Property | sqft | ||
sqft | Property | sqft | |||
Business Acquisition [Line Items] | |||||
Number of industrial operating properties | 1,278 | 1,323 | 1,157 | ||
Square feet | 260,700,000 | 264,300,000 | 208,800,000 | 12,600,000 | |
Real estate acquisition value | $20,109,432 | $18,822,081 | $23,559,891 | $22,413,079 | |
Unconsolidated Properties [Member] | |||||
Business Acquisition [Line Items] | |||||
Number of industrial operating properties | 231 | 58 | 215 | ||
Square feet | 45,663,000 | 16,319,000 | 46,277,000 | ||
Real estate acquisition value | 2,770,191 | 1,141,128 | 2,294,892 | ||
Gains on revaluation of equity investments upon acquisition of a controlling interest | 201,319 | 34,787 | 286,335 | ||
Third Parties [Member] | |||||
Business Acquisition [Line Items] | |||||
Number of industrial operating properties | 8 | 12 | 12 | ||
Square feet | 1,004,000 | 3,262,000 | 1,622,000 | ||
Real estate acquisition value | $78,314 | $146,331 | $77,397 |
Real_Estate_Summary_of_Disposi
Real Estate - Summary of Dispositions (Detail) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 |
Property | sqft | sqft | sqft | |
sqft | Property | Property | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of properties | 1,278 | 1,323 | 1,157 | |
Square feet | 260,700,000 | 264,300,000 | 208,800,000 | 12,600,000 |
Continuing Operations [Member] | Contributions to Unconsolidated Co-investment Ventures [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of properties | 126 | 254 | 25 | |
Square feet | 25,247,000 | 71,503,000 | 4,784,000 | |
Net proceeds | $1,825,311 | $6,479,707 | $380,880 | |
Net gains on contributions | 188,268 | 555,196 | 1,958 | |
Continuing Operations [Member] | Dispositions to Third Parties [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of properties | 145 | |||
Square feet | 19,856,000 | |||
Net proceeds | 1,365,318 | 177,273 | 94,587 | |
Net gains on contributions | 336,203 | 7,673 | 17,314 | |
Discontinued Operations [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of properties | 89 | 200 | ||
Square feet | 9,196,000 | 27,169,000 | ||
Net proceeds | 608,286 | 1,562,189 | ||
Net gains from dispositions, including related impairment charges and taxes | $116,550 | $35,098 |
Real_Estate_Summary_of_Disposi1
Real Estate - Summary of Dispositions (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Income Tax Expense | $25,656 | ($106,733) | ($3,580) |
Discontinued Operations [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Income Tax Expense | $1,200 | $200 |
Real_Estate_Additional_Informa
Real Estate - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 12 Months Ended | 6 Months Ended | 3 Months Ended | |||||||||||||
Share data in Millions, except Per Share data, unless otherwise specified | Mar. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 |
USD ($) | USD ($) | sqft | sqft | sqft | Operating Lease Revenue Largest Customer [Member] | Operating Lease Revenue Twenty Five Largest Customers [Member] | Minimum [Member] | Maximum [Member] | Fibra Prologis [Member] | Fibra Prologis [Member] | Mexico Fondo Logistico Afores [Member] | Prologis Mexico Industrial Fund [Member] | Nippon Prologis REIT Inc [Member] | Nippon Prologis REIT Inc [Member] | Prologis European Logistics Partners [Member] | Prologis European Logistics Partners [Member] | Norges Bank Investment Management [Member] | Norges Bank Investment Management [Member] | |
sqft | USD ($) | MXN | sqft | sqft | USD ($) | JPY (¥) | USD ($) | EUR (€) | USD ($) | Common Stock [Member] | |||||||||
Property | Property | Property | sqft | Property | sqft | ||||||||||||||
sqft | sqft | Markets | |||||||||||||||||
sqft | |||||||||||||||||||
Real Estate Properties [Line Items] | |||||||||||||||||||
Number of properties purchased | 177 | 177 | 12 | 12 | 195 | 195 | |||||||||||||
Square footage of properties | 12,600,000 | 260,700,000 | 264,300,000 | 208,800,000 | 29,700,000 | 29,700,000 | 7,600,000 | 9,500,000 | 9,600,000 | 9,600,000 | 48,700,000 | 48,700,000 | |||||||
Equity Units received in exchange of combined investments | 287.3 | 287.3 | |||||||||||||||||
Ownership interest accounted under equity method | 45.00% | 45.00% | |||||||||||||||||
Equity units trading value (per share) | $2.09 | 27 | |||||||||||||||||
Gain recognized on disposition of investments in real estate | $1,800,000 | $52,500,000 | $337,900,000 | ||||||||||||||||
Tax expense recognized on disposition of investments in real estate | 32,400,000 | ||||||||||||||||||
Deferred tax benefit recognized on disposition of investments in real estate | 55,500,000 | 59,600,000 | |||||||||||||||||
Earnings attributable to non controlling interest | 61,000,000 | ||||||||||||||||||
Aggregate purchase price | 1,900,000,000 | 173,000,000,000 | |||||||||||||||||
Purchase price of portfolio | 3,000,000,000 | 2,300,000,000 | |||||||||||||||||
Number of target European Global markets | 11 | 11 | |||||||||||||||||
Common Stock Issued In Exercise Of Warrants Per Share | $35.64 | ||||||||||||||||||
Proceeds from exercise of warrant | $213,800,000 | ||||||||||||||||||
Shares issued upon exercise of warrants | 6 | ||||||||||||||||||
Operating leases lease term | 1 year | 75 years | |||||||||||||||||
Net effective rent from 25 largest customers | 1.90% | 19.50% | |||||||||||||||||
Minimum lease payments on leases periods | Greater than one year |
Real_Estate_Future_Minimum_Ren
Real Estate - Future Minimum Rental Payments under Non-Cancelable Operating Leases (Detail) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Real Estate [Abstract] | |
2015 | $32,307 |
2016 | 30,237 |
2017 | 27,490 |
2018 | 25,896 |
2019 | 25,110 |
Thereafter | 391,634 |
Total | $532,674 |
Real_Estate_Operating_Properti
Real Estate - Operating Properties and Leases (Detail) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Real Estate [Abstract] | |
2015 | $1,193,676 |
2016 | 1,025,162 |
2017 | 798,922 |
2018 | 601,492 |
2019 | 427,600 |
Thereafter | 1,326,106 |
Total | $5,372,958 |
Unconsolidated_Entities_Additi
Unconsolidated Entities - Additional Information (Detail) (USD $) | 12 Months Ended | 1 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Oct. 31, 2013 | |
Investment | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Unconsolidated co-investment ventures | 1 | ||||
Third party investors portion reflected in strategic capital income | $219,871,000 | $179,472,000 | $126,779,000 | ||
Earnings from unconsolidated investees | 134,288,000 | 97,220,000 | 31,676,000 | ||
Other Joint Ventures [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Earnings from unconsolidated investees | 3,200,000 | 2,600,000 | 6,000,000 | ||
Prologis Targeted U.S. Logistics Fund [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Promote fee earned from venture | 42,100,000 | ||||
Third party investors portion reflected in strategic capital income | 31,300,000 | 6,400,000 | |||
Expenses included in strategic capital expenses | 4,200,000 | 1,300,000 | |||
Prologis SGP Mexico [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Promote fee earned from venture | $7,900,000 |
Unconsolidated_Entities_Summar
Unconsolidated Entities - Summary of Investments (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Other ventures | $4,824,724 | $4,430,239 |
Unconsolidated Co-Investment Ventures [Member] | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Other ventures | 4,665,918 | 4,250,015 |
Other Joint Ventures [Member] | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Other ventures | $158,806 | $180,224 |
Unconsolidated_Entities_Summar1
Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Detail) (USD $) | 12 Months Ended | ||||||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | |||
Property | Property | Venture | sqft | ||||
sqft | sqft | sqft | |||||
Venture | Venture | Property | |||||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |||||||
Number of ventures | 9 | 10 | 11 | ||||
Number of properties owned | 1,278 | 1,323 | 1,157 | ||||
Square feet | 260,700,000 | 264,300,000 | 208,800,000 | 12,600,000 | |||
Total assets | $22,661 | $23,865 | $17,612 | ||||
Third-party debt | 6,576 | 7,712 | 7,193 | ||||
Total liabilities | 7,694 | 9,190 | 8,187 | ||||
Our investment balance | 4,666 | [1] | 4,250 | [1] | 2,014 | [1] | |
Our weighted average ownership | 32.00% | [2] | 29.20% | [2] | 25.10% | [2] | |
Revenues | 1,992 | [3] | 1,727 | [3] | 1,390 | ||
Net operating income | 1,533 | [3] | 1,309 | [3] | 1,050 | ||
Net earnings (loss) | 408 | [3] | 237 | [3] | 6 | ||
Americas [Member] | |||||||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |||||||
Number of ventures | 3 | 4 | 6 | ||||
Number of properties owned | 590 | 709 | 801 | ||||
Square feet | 87,100,000 | 108,500,000 | 127,500,000 | ||||
Total assets | 7,063 | 8,014 | 9,070 | ||||
Third-party debt | 2,280 | 2,999 | 3,836 | ||||
Total liabilities | 2,421 | 3,177 | 4,170 | ||||
Our investment balance | 1,537 | [1] | 1,194 | [1] | 1,112 | [1] | |
Our weighted average ownership | 31.00% | [2] | 22.70% | [2] | 23.20% | [2] | |
Revenues | 711 | [3] | 702 | [3] | 759 | ||
Net operating income | 527 | [3] | 513 | [3] | 561 | ||
Net earnings (loss) | 54 | [3] | 58 | [3] | -88 | ||
Europe [Member] | |||||||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |||||||
Number of ventures | 4 | 4 | 3 | ||||
Number of properties owned | 636 | 571 | 312 | ||||
Square feet | 147,400,000 | 132,900,000 | 70,300,000 | ||||
Total assets | 11,463 | 11,819 | 6,605 | ||||
Third-party debt | 2,644 | 2,998 | 2,384 | ||||
Total liabilities | 3,524 | 4,114 | 2,954 | ||||
Our investment balance | 2,773 | [1] | 2,703 | [1] | 723 | [1] | |
Our weighted average ownership | 38.80% | [2] | 39.00% | [2] | 29.70% | [2] | |
Revenues | 1,001 | [3] | 801 | [3] | 490 | ||
Net operating income | 787 | [3] | 621 | [3] | 380 | ||
Net earnings (loss) | 268 | [3] | 131 | [3] | 86 | ||
Asia [Member] | |||||||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |||||||
Number of ventures | 2 | 2 | 2 | ||||
Number of properties owned | 52 | 43 | 44 | ||||
Square feet | 26,200,000 | 22,900,000 | 11,000,000 | ||||
Total assets | 4,135 | 4,032 | 1,937 | ||||
Third-party debt | 1,652 | 1,715 | 973 | ||||
Total liabilities | 1,749 | 1,899 | 1,063 | ||||
Our investment balance | 356 | [1] | 353 | [1] | 179 | [1] | |
Our weighted average ownership | 15.00% | [2] | 15.00% | [2] | 19.20% | [2] | |
Revenues | 280 | [3] | 224 | [3] | 141 | ||
Net operating income | 219 | [3] | 175 | [3] | 109 | ||
Net earnings (loss) | $86 | [3] | $48 | [3] | $8 | ||
[1] | The difference between our ownership interest of the venture's equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to the venture ($322.9 million, $139.6 million and $147.9 million at December 31, 2014, 2013 and 2012, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to the venture. | ||||||
[2] | Represents our weighted average ownership interest in all co-investment ventures based on each entity's contribution to total assets, before depreciation, net of other liabilities. | ||||||
[3] | We had significant activity with our unconsolidated co-investment ventures in 2014 and 2013. As described above, we formed and invested in FIBRA Prologis in June 2014. In connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. During 2013, we concluded three co-investment ventures and we started two new co-investment ventures. |
Unconsolidated_Entities_Summar2
Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting [Abstract] | |||
Gain (Loss) on disposition of property | $322.90 | $139.60 | $147.90 |
Unconsolidated_Entities_Earnin
Unconsolidated Entities - Earnings on Investment in Co-Investment Ventures (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | $134,288 | $97,220 | $31,676 |
Strategic capital revenue | 219,871 | 179,472 | 126,779 |
Unconsolidated Co-Investment Ventures [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 131,048 | 94,654 | 25,703 |
Total strategic capital revenue | 218,350 | 177,185 | 125,185 |
Strategic capital revenue | 223,774 | 181,192 | 125,720 |
Unconsolidated Co-Investment Ventures [Member] | Development Management and Other Income [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Total strategic capital revenue | 5,424 | 4,007 | 535 |
Unconsolidated Co-Investment Ventures [Member] | Americas [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 8,596 | 21,724 | -7,843 |
Total strategic capital revenue | 94,354 | 70,642 | 68,142 |
Unconsolidated Co-Investment Ventures [Member] | Europe [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 108,430 | 63,839 | 31,174 |
Total strategic capital revenue | 86,487 | 63,794 | 37,173 |
Unconsolidated Co-Investment Ventures [Member] | Asia [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 14,022 | 9,091 | 2,372 |
Total strategic capital revenue | $37,509 | $42,749 | $19,870 |
Unconsolidated_Entities_Inform
Unconsolidated Entities - Information About Investments in Co-investment Ventures by Property Funds (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Investment in and Advances to unconsolidated investees | $4,824,724 | $4,430,239 |
Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Investment in and Advances to unconsolidated investees | 4,665,918 | 4,250,015 |
Prologis Targeted U.S. Logistics Fund [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 24.30% | 25.90% |
Investment in and Advances to unconsolidated investees | 712,044 | 743,454 |
Prologis North American Industrial Fund [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 23.10% | |
Investment in and Advances to unconsolidated investees | 201,482 | |
Fibra Prologis [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 45.90% | |
Investment in and Advances to unconsolidated investees | 589,627 | |
Prologis Mexico Industrial Fund [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 20.00% | |
Investment in and Advances to unconsolidated investees | 49,684 | |
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 50.00% | 50.00% |
Investment in and Advances to unconsolidated investees | 235,496 | 199,392 |
Prologis Europe Logistics Fund FCP-FIS [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 43.20% | 43.10% |
Investment in and Advances to unconsolidated investees | 458,702 | 471,896 |
Prologis European Properties Fund II [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 31.10% | 32.50% |
Investment in and Advances to unconsolidated investees | 488,503 | 582,828 |
Europe Logistics Venture 1 [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 15.00% | 15.00% |
Investment in and Advances to unconsolidated investees | 56,127 | 62,654 |
Prologis European Logistics Partners [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 50.00% | 50.00% |
Investment in and Advances to unconsolidated investees | 1,769,720 | 1,585,923 |
Nippon Prologis REIT Inc [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 15.10% | 15.10% |
Investment in and Advances to unconsolidated investees | 303,178 | 309,715 |
Prologis China Logistics Venture 1 and 2 [Member] | Property Fund [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 15.00% | 15.00% |
Investment in and Advances to unconsolidated investees | $52,521 | $42,987 |
Unconsolidated_Entities_Inform1
Unconsolidated Entities - Information About Investments in Co-investment Ventures by Property Funds (Parenthetical) (Detail) | 12 Months Ended | |||||||||||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 | Apr. 30, 2013 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2014 |
USD ($) | Prologis Mexico Industrial Fund [Member] | Prologis Mexico Industrial Fund [Member] | Nippon Prologis REIT Inc [Member] | Nippon Prologis REIT Inc [Member] | Nippon Prologis REIT Inc [Member] | Property Fund [Member] | Property Fund [Member] | Property Fund [Member] | Property Fund [Member] | Property Fund [Member] | Minimum [Member] | Maximum [Member] | ||
USD ($) | MXN | USD ($) | JPY (¥) | USD ($) | Prologis Mexico Industrial Fund [Member] | Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Nippon Prologis REIT Inc [Member] | Nippon Prologis REIT Inc [Member] | Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | |||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||||||||||
Closing price of common stock | $41.60 | $1.86 | 27.29 | $2,179 | ¥ 260,600 | |||||||||
Units outstanding | 291,100,000 | 291,100,000 | 261,310 | 261,310 | ||||||||||
Percentage of equity interest holds in unconsolidated joint venture | 50.00% | |||||||||||||
Ownership Percentage in property fund | 20.00% | 50.00% | 50.00% | 15.10% | 15.10% | 5.00% | 50.00% | |||||||
Intercompany notes receivable | $85.90 | $88.50 |
Unconsolidated_Entities_Summar3
Unconsolidated Entities - Summary of Remaining Equity Commitments (Detail) (USD $) | Dec. 31, 2014 |
In Millions, unless otherwise specified | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | $2,577 |
Prologis Targeted U.S. Logistics Fund [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 376 |
Prologis Targeted Europe Logistics Fund [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 314 |
Prologis European Properties Fund II [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 152 |
Europe Logistics Venture 1 [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 25 |
Prologis European Logistics Partners [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 208 |
Prologis China Logistics Venture 1 and 2 [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 1,502 |
Prologis [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 496 |
Prologis [Member] | Prologis Targeted Europe Logistics Fund [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 117 |
Prologis [Member] | Prologis European Properties Fund II [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 46 |
Prologis [Member] | Europe Logistics Venture 1 [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 4 |
Prologis [Member] | Prologis European Logistics Partners [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 104 |
Prologis [Member] | Prologis China Logistics Venture 1 and 2 [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 225 |
Venture Partners [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 2,081 |
Venture Partners [Member] | Prologis Targeted U.S. Logistics Fund [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 376 |
Venture Partners [Member] | Prologis Targeted Europe Logistics Fund [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 197 |
Venture Partners [Member] | Prologis European Properties Fund II [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 106 |
Venture Partners [Member] | Europe Logistics Venture 1 [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 21 |
Venture Partners [Member] | Prologis European Logistics Partners [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | 104 |
Venture Partners [Member] | Prologis China Logistics Venture 1 and 2 [Member] | |
Schedule Of Equity Method Investments Joint Ventures [Line Items] | |
Remaining equity commitments | $1,277 |
Unconsolidated_Entities_Summar4
Unconsolidated Entities - Summary of Remaining Equity Commitments (Parenthetical) (Detail) (USD $) | 1 Months Ended | |
In Millions, unless otherwise specified | Jul. 31, 2014 | Dec. 31, 2014 |
Prologis China Logistics Venture [Member] | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Committed third party equity | $500 | |
U.S. Dollars to Euro [Member] | Prologis Targeted Europe Logistics Fund [Member] | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Exchange rate | 1.21 | |
U.S. Dollars to Euro [Member] | Prologis European Properties Fund II [Member] | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Exchange rate | 1.21 | |
U.S. Dollars to Euro [Member] | Europe Logistics Venture 1 [Member] | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Exchange rate | 1.21 | |
British Pound Sterling to U.S. Dollar [Member] | Prologis European Logistics Partners [Member] | ||
Schedule Of Equity Method Investments Joint Ventures [Line Items] | ||
Exchange rate | 1.56 |
Notes_Receivable_Backed_by_Rea1
Notes Receivable Backed by Real Estate - Additional information (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Loans And Leases Receivable [Line Items] | |
Notes receivable backed by real estate | 188,000 |
For the first three years [Member] | |
Loans And Leases Receivable [Line Items] | |
Preferred return rate | 7.00% |
For the fourth year [Member] | |
Loans And Leases Receivable [Line Items] | |
Preferred return rate | 8.00% |
Other_Assets_and_Other_Liabili2
Other Assets and Other Liabilities - Schedule of Other Assets (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Leasing commissions | $241,557 | $222,267 |
Rent leveling and above market leases | 224,589 | 256,018 |
Derivative assets | 106,664 | 20,241 |
Prepaid assets | 105,093 | 136,729 |
Fixed assets | 86,927 | 85,389 |
Value added taxes receivable | 86,331 | 106,074 |
Loan fees | 53,025 | 49,920 |
Management contracts | 52,896 | 61,082 |
Other notes receivable | 46,570 | 38,860 |
Deferred income taxes | 7,887 | 19,020 |
Other | 84,525 | 99,863 |
Totals | $1,096,064 | $1,095,463 |
Other_Assets_and_Other_Liabili3
Other Assets and Other Liabilities - Schedule of Other Liabilities (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Liabilities Disclosure [Abstract] | ||
Tenant security deposits | $169,326 | $191,070 |
Income tax liabilities | 85,200 | 184,888 |
Unearned rents | 74,873 | 64,156 |
Derivative liabilities | 52,740 | 77,018 |
Below market leases | 30,651 | 30,031 |
Deferred income | 16,326 | 39,565 |
Value added taxes payable | 13,358 | 57,260 |
Environmental | 10,878 | 16,926 |
Other | 173,074 | 159,731 |
Totals | $626,426 | $820,645 |
Other_Assets_and_Other_Liabili4
Other Assets and Other Liabilities - Additional Information (Detail) (USD $) | Dec. 31, 2014 |
Real Estate [Abstract] | |
Expected future amortization of leasing commissions | $241,557,000 |
Above and below market leases and rent leveling assets | $193,900,000 |
Other_Assets_and_Other_Liabili5
Other Assets and Other Liabilities - Schedule of Amortized Rental Income (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Amortization Expense 2015 | $69,815 |
Amortization Expense 2016 | 55,330 |
Amortization Expense 2017 | 41,783 |
Amortization Expense 2018 | 25,342 |
Amortization Expense 2019 | 15,531 |
Amortization Expense Thereafter | 33,756 |
Amortization Expense Totals | 241,557 |
2015 | 10,678 |
2016 | 22,322 |
2017 | 25,152 |
2018 | 23,843 |
2019 | 20,413 |
Thereafter | 91,530 |
Totals | $193,938 |
Assets_Held_for_Sale_and_Disco2
Assets Held for Sale and Discontinued Operations - Additional Information (Detail) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Property | Parcels | |
Assets Held-for-sale [Member] | ||
Assets Held For Sale [Line Items] | ||
Number of operating properties that met criteria | 7 | |
Land Parcel [Member] | ||
Assets Held For Sale [Line Items] | ||
Number of operating properties that met criteria | 3 |
Assets_Held_for_Sale_and_Disco3
Assets Held for Sale and Discontinued Operations - Income Attributable to Disposed Properties and Assets Held for Sale (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Discontinued Operations and Disposal Groups [Abstract] | ||
Rental income and recoveries | $34,105 | $128,162 |
Rental expenses | -10,633 | -40,925 |
Depreciation and amortization | -15,339 | -43,197 |
Interest expense | -1,163 | -3,213 |
Income attributable to disposed properties | $6,970 | $40,827 |
Debt_Debt_Summary_Detail
Debt - Debt Summary (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 3.60% | 4.20% |
Amount Outstanding | $9,380,199 | $9,011,216 |
Senior Notes [Member] | ||
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 3.60% | 4.50% |
Amount Outstanding | 6,076,920 | 5,357,933 |
Credit Facilities [Member] | ||
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 1.20% | |
Amount Outstanding | 725,483 | |
Exchangeable Senior Notes [Member] | ||
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 3.30% | 3.30% |
Amount Outstanding | 456,766 | 438,481 |
Secured Mortgage Debt [Member] | ||
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 6.10% | 5.60% |
Amount Outstanding | 1,050,591 | 1,696,597 |
Secured Mortgage Debt of Consolidated Entities [Member] | ||
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 2.50% | 4.70% |
Amount Outstanding | 1,207,106 | 239,992 |
Term Loan [Member] | ||
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 1.30% | 1.70% |
Amount Outstanding | 572,730 | 535,908 |
Term Loans and Other Debt [Member] | ||
Schedule of Capitalization, Long-term Debt [Line Items] | ||
Weighted Average Interest Rate | 6.20% | 6.20% |
Amount Outstanding | $16,086 | $16,822 |
Debt_Debt_Summary_Parenthetica
Debt - Debt Summary (Parenthetical) (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Count of properties securing mortgage debt | 196 |
Cost of properties securing mortgage debt | 2,600,000,000 |
Count of properties securing mortgage debt | 171 |
Cost of properties securing mortgage debt | 2,000,000,000 |
Term Loans and Other Debt [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Cost of properties securing mortgage debt | 784,200,000 |
Euro [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Foreign principal borrowing included in total debt denominated in non-U.S. dollars | 3,300,000,000 |
Japanese Yen [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Foreign principal borrowing included in total debt denominated in non-U.S. dollars | 400,000,000 |
Minimum [Member] | Senior Notes [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 1.40% |
Debt Instrument maturity date | 2017-07 |
Minimum [Member] | Secured Mortgage Debt [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 3.30% |
Debt Instrument maturity date | 2015-07 |
Minimum [Member] | Term Loans and Other Debt [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 4.50% |
Debt Instrument maturity date | 2015-12 |
Minimum [Member] | Secured Mortgage Debt [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 1.90% |
Debt Instrument maturity date | 2015-07 |
Maximum [Member] | Senior Notes [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 7.60% |
Debt Instrument maturity date | 2026-06 |
Maximum [Member] | Secured Mortgage Debt [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 7.60% |
Debt Instrument maturity date | 2025-04 |
Maximum [Member] | Term Loans and Other Debt [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 7.90% |
Debt Instrument maturity date | 2033-09 |
Maximum [Member] | Secured Mortgage Debt [Member] | |
Schedule of Capitalization, Long-term Debt [Line Items] | |
Interest Rate | 6.90% |
Debt Instrument maturity date | 2027-12 |
Debt_Additional_Information_De
Debt - Additional Information (Detail) | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||
Share data in Millions, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2013 |
USD ($) | USD ($) | USD ($) | Yen Term Loan [Member] | Yen Term Loan [Member] | Yen Term Loan [Member] | Exchangeable Senior Notes [Member] | Exchangeable Senior Notes [Member] | Exchangeable Senior Notes [Member] | Exchangeable Senior Notes [Member] | Secured Mortagage Debt [Member] | Secured Mortagage Debt [Member] | TMK Bonds [Member] | TMK Bonds [Member] | TMK Bonds [Member] | TMK Bonds [Member] | Euro Term Loan [Member] | Euro Term Loan [Member] | Global Facility [Member] | Global Facility [Member] | Revolver [Member] | Revolver [Member] | Bridge Loan [Member] | Bridge Loan [Member] | |
USD ($) | JPY (¥) | London Interbank Offered Rate (LIBOR) [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | CNY | USD ($) | JPY (¥) | USD ($) | EUR (€) | USD ($) | USD ($) | USD ($) | JPY (¥) | USD ($) | JPY (¥) | |||||
Renewals | ||||||||||||||||||||||||
Debt [Line Items] | ||||||||||||||||||||||||
Credit facility current borrowing capacity | $2,400,000,000 | $376,200,000 | ¥ 45,000,000,000 | |||||||||||||||||||||
Credit facility current borrowing capacity | 2,742,000,000 | 2,451,000,000 | 2,118,000,000 | 342,100,000 | 40,900,000,000 | 607,100,000 | 500,000,000 | 2,500,000,000 | 472,300,000 | 56,500,000,000 | 500,000,000 | |||||||||||||
Debt Instrument maturity date | 30-Jun-17 | 30-Jun-17 | 11-Jul-17 | |||||||||||||||||||||
Global Facility extended maturity date | 11-Jul-18 | |||||||||||||||||||||||
Cross acceleration to other recourse indebtedness | 50,000,000 | |||||||||||||||||||||||
Bridge loan, amount outstanding during period | 726,000,000 | 889,000,000 | 215,700,000 | 20,000,000,000 | ||||||||||||||||||||
Debt issued | 9,293,000,000 | 460,000,000 | 1,200,000,000 | 190,400,000 | 70,700,000 | 7,200,000,000 | 106,400,000 | 10,600,000,000 | ||||||||||||||||
Interest Rate | 3.25% | |||||||||||||||||||||||
Conversion rate of notes to shares of common stock | 25.8244 | |||||||||||||||||||||||
Base principal amount per note | 1,000 | |||||||||||||||||||||||
Conversion price of exchangeable notes | $38.72 | |||||||||||||||||||||||
Number of share issued on debt conversion | 11.9 | |||||||||||||||||||||||
Fair Value Of Derivative Instruments | 51,300,000 | 41,000,000 | ||||||||||||||||||||||
Unrealized losses on derivative instrument | 10,300,000 | 1,200,000 | 22,300,000 | |||||||||||||||||||||
Debt outstanding | 9,380,199,000 | 9,011,216,000 | 0 | 0 | 14,300,000 | 1,500,000,000 | ||||||||||||||||||
Increased borrowing limit | 427,200,000 | 51,100,000,000 | 1,200,000,000 | 1,000,000,000 | ||||||||||||||||||||
Debt instrument basis spread | 1.20% | 98.00% | 98.00% | |||||||||||||||||||||
Line of Credit Facility, Interest Rate Description | LIBOR plus 98 basis points | LIBOR plus 98 basis points | ||||||||||||||||||||||
Number of extensions to maturity period | 1 | 1 | ||||||||||||||||||||||
Term loan amount | 230,700,000 | 190,000,000 | ||||||||||||||||||||||
Exchangeable Senior Notes Outstanding | $6,500,000,000 |
Debt_Credit_Facilities_Detail
Debt - Credit Facilities (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Disclosure [Abstract] | |||
Weighted average daily interest rate | 1.10% | 1.70% | 1.60% |
Weighted average daily borrowings | $182 | $789 | $815 |
Maximum borrowings outstanding at any month-end | 742 | 1,325 | 1,634 |
Aggregate lender-commitments | 2,742 | 2,451 | 2,118 |
Borrowings outstanding | 726 | 889 | |
Outstanding letters of credit | 35 | 73 | 68 |
Current availability | $2,707 | $1,652 | $1,161 |
Debt_Schedule_of_Senior_Notes_
Debt - Schedule of Senior Notes (Detail) | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | USD ($) | February 2014 [Member] | February 2014 [Member] | June 2014 [Member] | June 2014 [Member] | October 2014 [Member] | October 2014 [Member] | August 2013 [Member] | August 2013 [Member] | November 2013 [Member] | December 2013 [Member] | December 2013 [Member] |
USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | EUR (€) | Senior Note One [Member] | Senior Note Two [Member] | USD ($) | USD ($) | EUR (€) | ||
USD ($) | USD ($) | |||||||||||
Line Of Credit Facility Covenant Compliance [Line Items] | ||||||||||||
Principal Amount | $9,293,000 | $959,420 | € 700,000 | $680,550 | € 500,000 | $756,420 | € 600,000 | $400,000 | $850,000 | $500,000 | $950,500 | € 700,000 |
Interest Rate | 3.38% | 3.38% | 3.00% | 3.00% | 1.38% | 1.38% | 2.75% | 4.25% | 3.35% | 3.00% | 3.00% | |
Effective Interest Rate | 3.52% | 3.52% | 3.10% | 3.10% | 1.40% | 1.40% | 2.76% | 4.28% | 3.35% | 3.08% | 3.08% | |
Maturity Date | 2024-02 | 2024-02 | 2026-06 | 2026-06 | 2020-10 | 2020-10 | 2019-02 | 2023-08 | 2021-02 | 2022-01 | 2022-01 |
Debt_LongTerm_Debt_Maturities_
Debt - Long-Term Debt Maturities (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Debt Instrument [Line Items] | ||
2015 | $599,000,000 | |
2016 | 741,000,000 | |
2017 | 971,000,000 | |
2018 | 540,000,000 | |
2019 | 980,000,000 | |
2020 | 1,292,000,000 | |
2021 | 854,000,000 | |
2022 | 859,000,000 | |
2023 | 859,000,000 | |
2024 | 981,000,000 | |
Thereafter | 617,000,000 | |
Subtotal | 9,293,000,000 | |
Unamortized (discounts) premiums, net | 87,000,000 | |
Total | 9,380,199,000 | 9,011,216,000 |
Wholly Owned [Member] | ||
Debt Instrument [Line Items] | ||
2015 | 485,000,000 | |
2016 | 295,000,000 | |
2017 | 765,000,000 | |
2018 | 374,000,000 | |
2019 | 979,000,000 | |
2020 | 1,103,000,000 | |
2021 | 853,000,000 | |
2022 | 858,000,000 | |
2023 | 858,000,000 | |
2024 | 980,000,000 | |
Thereafter | 614,000,000 | |
Subtotal | 8,164,000,000 | |
Unamortized (discounts) premiums, net | 9,000,000 | |
Total | 8,173,000,000 | |
Wholly Owned [Member] | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
2017 | 377,000,000 | |
2018 | 262,000,000 | |
2019 | 693,000,000 | |
2020 | 1,096,000,000 | |
2021 | 500,000,000 | |
2022 | 850,000,000 | |
2023 | 850,000,000 | |
2024 | 850,000,000 | |
Thereafter | 607,000,000 | |
Subtotal | 6,085,000,000 | |
Unamortized (discounts) premiums, net | -8,000,000 | |
Total | 6,077,000,000 | |
Wholly Owned [Member] | Exchangeable Notes [Member] | ||
Debt Instrument [Line Items] | ||
2015 | 460,000,000 | |
Subtotal | 460,000,000 | |
Unamortized (discounts) premiums, net | -3,000,000 | |
Total | 457,000,000 | |
Wholly Owned [Member] | Term Loans and Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
2015 | 1,000,000 | |
2016 | 1,000,000 | |
2017 | 232,000,000 | |
2018 | 1,000,000 | |
2019 | 1,000,000 | |
2020 | 1,000,000 | |
2021 | 342,000,000 | |
2022 | 1,000,000 | |
2023 | 1,000,000 | |
2024 | 1,000,000 | |
Thereafter | 7,000,000 | |
Subtotal | 589,000,000 | |
Total | 589,000,000 | |
Wholly Owned [Member] | Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
2015 | 24,000,000 | |
2016 | 294,000,000 | |
2017 | 156,000,000 | |
2018 | 111,000,000 | |
2019 | 285,000,000 | |
2020 | 6,000,000 | |
2021 | 11,000,000 | |
2022 | 7,000,000 | |
2023 | 7,000,000 | |
2024 | 129,000,000 | |
Subtotal | 1,030,000,000 | |
Unamortized (discounts) premiums, net | 20,000,000 | |
Total | 1,050,000,000 | |
Consolidated Entities [Member] | ||
Debt Instrument [Line Items] | ||
2015 | 114,000,000 | |
2016 | 446,000,000 | |
2017 | 206,000,000 | |
2018 | 166,000,000 | |
2019 | 1,000,000 | |
2020 | 189,000,000 | |
2021 | 1,000,000 | |
2022 | 1,000,000 | |
2023 | 1,000,000 | |
2024 | 1,000,000 | |
Thereafter | 3,000,000 | |
Subtotal | 1,129,000,000 | |
Unamortized (discounts) premiums, net | 78,000,000 | |
Total | $1,207,000,000 |
Debt_Interest_Expense_Detail
Debt - Interest Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Disclosure [Abstract] | |||
Gross interest expense | $377,666 | $471,923 | $578,518 |
Amortization of premium, net | -21,440 | -39,015 | -36,687 |
Amortization of deferred loan costs | 14,116 | 14,374 | 16,781 |
Interest expense before capitalization | 370,342 | 447,282 | 558,612 |
Capitalized amounts | -61,457 | -67,955 | -53,397 |
Net interest expense | 308,885 | 379,327 | 505,215 |
Total cash paid for interest, net of amounts capitalized | $258,441 | $426,528 | $546,627 |
Debt_Activity_Related_to_Repur
Debt - Activity Related to Repurchase of Debt and Net Loss on Early Extinguishment of Debt (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Debt [Line Items] | |||
Loss on early extinguishment of debt | $165,300,000 | $277,014,000 | $14,114,000 |
Senior Notes [Member] | |||
Debt [Line Items] | |||
Repurchase of debt | 1,290,000,000 | 2,141,000,000 | |
Secured Mortagage Debt [Member] | |||
Debt [Line Items] | |||
Repurchase of debt | $528,000,000 | $1,571,000,000 |
Stockholders_Equity_of_Prologi2
Stockholders' Equity of Prologis Inc. - Additional Information (Detail) (USD $) | 0 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | 12 Months Ended | 3 Months Ended | ||
Apr. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Feb. 05, 2015 | Dec. 31, 2012 | Mar. 31, 2013 | |
Shareholders Equity [Line Items] | |||||||||
Common stock shares authorized to be issued | 1,100,000,000 | 1,100,000,000 | |||||||
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 | |||||||
Common stock, Shares Issued | 35,650,000 | ||||||||
Share Price | $41.60 | ||||||||
Net proceeds from public offering | $1,400,000,000 | ||||||||
Liquidation Preference Per share | $50 | $50 | $50 | ||||||
Preferred Stock Par Value | $0.01 | $0.01 | $0.01 | ||||||
Repurchase of preferred stock, shares | 435,000 | ||||||||
Redemption Premium of Preferred Stock | 6,500,000 | 9,100,000 | 6,517,000 | 9,108,000 | |||||
Beneficial interest of outstanding shares | 50.00% | ||||||||
Beneficial interest of outstanding shares by single person or persons acting as group | 9.80% | ||||||||
Percentage of ownership restrictions | 25.00% | ||||||||
Percentage of REIT taxable income computed without regard to the dividends paid deduction and net capital gains | 90.00% | ||||||||
At the Market Offering [Member] | |||||||||
Shareholders Equity [Line Items] | |||||||||
Common stock, Shares Issued | 3,300,000 | ||||||||
Common stock, shares outstanding | 140,100,000 | ||||||||
Maximum proceeds from sale of stock | 750,000,000 | 750,000,000 | |||||||
Agents fee percentage | 2.00% | ||||||||
Number of designated agents | 2 | ||||||||
At the Market Offering [Member] | Subsequent Event [Member] | |||||||||
Shareholders Equity [Line Items] | |||||||||
Maximum proceeds from sale of stock | 750,000,000 | ||||||||
Agents fee percentage | 2.00% | ||||||||
Number of designated agents | 6 | ||||||||
Common Stock [Member] | |||||||||
Shareholders Equity [Line Items] | |||||||||
Shares issued upon exercise of warrant | 6,000,000 | ||||||||
Common stock, Shares Issued | 3,316,000 | 35,650,000 | |||||||
2012 Long Term Incentive Plan [Member] | |||||||||
Shareholders Equity [Line Items] | |||||||||
Gross proceeds received for the issuance of common stock | 25,800,000 | 22,400,000 | 31,000,000 | ||||||
Series Q Preferred Stock [Member] | |||||||||
Shareholders Equity [Line Items] | |||||||||
Liquidation Preference Per share | $50 | $50 | $50 | ||||||
Preferred Stock Par Value | $0.01 | $0.01 | $0.01 | ||||||
Preferred stock dividend rate percentage | 8.54% | 8.54% | |||||||
Norges Bank Investment Management [Member] | |||||||||
Shareholders Equity [Line Items] | |||||||||
Proceeds from exercise of warrant | $213,800,000 | ||||||||
Norges Bank Investment Management [Member] | Common Stock [Member] | |||||||||
Shareholders Equity [Line Items] | |||||||||
Shares issued upon exercise of warrant | 6,000,000 |
Stockholders_Equity_of_Prologi3
Stockholders' Equity of Prologis, Inc - Equity Securities Distributions Paid or Payable Per Unit (Detail) (USD $) | 12 Months Ended | |||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||||
Class of Stock [Line Items] | ||||||
Ordinary income | $0.29 | [1],[2] | $0.38 | |||
Qualified dividend | $0.41 | [1],[2] | $0.20 | |||
Capital gains | $0.62 | [1],[2] | $1.12 | $0.54 | ||
Total distribution | $1.32 | [1],[2] | $1.12 | $1.12 | ||
Series L Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Ordinary income | $0.55 | [3] | ||||
Qualified dividend | $0.28 | [3] | ||||
Capital gains | $0.41 | [3] | $0.80 | [3] | ||
Total distribution | $0.41 | [3] | $1.63 | [3] | ||
Series MRS Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Ordinary income | $0.57 | [3] | ||||
Qualified dividend | $0.30 | [3] | ||||
Capital gains | $0.42 | [3] | $0.82 | [3] | ||
Total distribution | $0.42 | [3] | $1.69 | [3] | ||
Series O Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Ordinary income | $0.59 | [3] | ||||
Qualified dividend | $0.31 | [3] | ||||
Capital gains | $0.44 | [3] | $0.85 | [3] | ||
Total distribution | $0.44 | [3] | $1.75 | [3] | ||
Series P Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Ordinary income | $0.58 | [3] | ||||
Qualified dividend | $0.30 | [3] | ||||
Capital gains | $0.43 | [3] | $0.83 | [3] | ||
Total distribution | $0.43 | [3] | $1.71 | [3] | ||
Series Q Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Ordinary income | $0.71 | [1],[2] | $1.44 | |||
Qualified dividend | $1.01 | [1],[2] | $0.75 | |||
Capital gains | $2.55 | [1],[2] | $4.27 | $2.08 | ||
Total distribution | $4.27 | [1],[2] | $4.27 | $4.27 | ||
[1] | Items indicated by '-' are not applicable. | |||||
[2] | Taxability for 2014 is estimated. | |||||
[3] | As discussed above, in April 2013, we redeemed all of the outstanding series L, M, O, P, R and S preferred stock. |
Noncontrolling_Interests_Addit
Noncontrolling Interests - Additional Information (Detail) (USD $) | 12 Months Ended | 3 Months Ended | ||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Mar. 31, 2014 | Jun. 30, 2014 | |
sqft | sqft | sqft | Property | sqft | ||
sqft | ||||||
Noncontrolling Interest [Line Items] | ||||||
Square footage of properties | 260,700,000 | 264,300,000 | 208,800,000 | 12,600,000 | ||
Third party investors portion reflected as a component of Noncontrolling Interest | $219,871,000 | $179,472,000 | $126,779,000 | |||
Prologis Inc [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Net earnings attributable to noncontrolling interest | 10,100,000 | |||||
(Loss) from continuing operations | 500,000 | |||||
Income from discontinued operations | 10,600,000 | |||||
Prologis Institutional Alliance Fund II [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Payment to acquire partners' interest | 245,800,000 | |||||
Number of limited partnership units issued | 805,000 | |||||
Amount of partnership units issued | 31,300,000 | |||||
Promote fee earned from venture | 18,800,000 | |||||
Third party investors portion reflected as a component of Noncontrolling Interest | 13,500,000 | |||||
Prologis, L.P. [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Description of conversion rate | One share of common stock to one unit | |||||
Third party investors portion reflected as a component of Noncontrolling Interest | 219,871,000 | 179,472,000 | 126,779,000 | |||
Prologis, L.P. [Member] | Prologis US Logistics Venture [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Number of properties sold | 66 | |||||
Square footage of properties | 12,800,000 | |||||
Proceeds for contributed properties | $1,000,000,000 | |||||
Equity method investment, percentage | 55.00% |
Noncontrolling_Interests_Nonco
Noncontrolling Interests - Noncontrolling Interest Summary (Detail) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | ||
Noncontrolling Interest [Line Items] | ||||
Total Investment In Real Estate | $19,399,364 | $18,255,479 | ||
Total Investment In Real Estate | 19,399,364 | 18,255,479 | ||
Parent Company's Ownership Percentage | 100.00% | |||
Prologis, Inc. noncontrolling interests | 1,208,090 | 465,295 | ||
Prologis Inc [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Total Investment In Real Estate | 4,796,478 | 1,610,991 | ||
Debt for Noncontrolling Interest and Limited Partnerships | 1,207,105 | 239,992 | ||
Total Investment In Real Estate | 4,796,478 | 1,610,991 | ||
Prologis, Inc. noncontrolling interests | 1,208,090 | 465,295 | ||
Prologis, L.P. [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Debt for Noncontrolling Interest | 1,207,105 | 239,992 | ||
Debt for Noncontrolling Interest, Limited Partnerships | 0 | [1] | 0 | [1] |
Total Investment In Real Estate | 19,399,364 | 18,255,479 | ||
Total Investment In Real Estate | 19,399,364 | 18,255,479 | ||
Prologis, Inc. noncontrolling interests | 1,159,901 | 417,086 | ||
Limited partners in Prologics In. | 48,189 | 48,209 | ||
Prologis, L.P. [Member] | Non-controlling Interests [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Total Investment In Real Estate | 4,796,478 | 1,610,991 | ||
Total Investment In Real Estate | 4,796,478 | 1,610,991 | ||
Prologis North American Industrial Fund [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Debt for Noncontrolling Interest | 1,188,836 | |||
Total Investment In Real Estate | 2,771,299 | |||
Operating Partnership noncontrolling interest | 544,718 | |||
Total Investment In Real Estate | 2,771,299 | |||
Parent Company's Ownership Percentage | 66.10% | |||
Prologis US Logistics Venture [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Operating Partnership noncontrolling interest | 427,307 | |||
Mexico Fondo Logistico [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Debt for Noncontrolling Interest | 191,866 | [2] | ||
Total Investment In Real Estate | 457,006 | |||
Operating Partnership noncontrolling interest | 17,122 | 220,292 | ||
Total Investment In Real Estate | 457,006 | |||
Parent Company's Ownership Percentage | 20.00% | 20.00% | ||
Other Consolidated Entities [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Debt for Noncontrolling Interest | 18,269 | 48,126 | ||
Total Investment In Real Estate | 307,686 | 370,933 | ||
Operating Partnership noncontrolling interest | 31,505 | 56,256 | ||
Total Investment In Real Estate | 307,686 | 370,933 | ||
Parent Company's Ownership | various | various | ||
Partnerships with Exchangeable Units [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Total Investment In Real Estate | 711,310 | 783,052 | ||
Operating Partnership noncontrolling interest | 70,716 | 75,532 | ||
Total Investment In Real Estate | 711,310 | 783,052 | ||
Parent Company's Ownership | various | various | ||
Brazil Fund [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Operating Partnership noncontrolling interest | 68,533 | 65,006 | ||
Parent Company's Ownership Percentage | 50.00% | 50.00% | ||
Prologis US Logistics Venture [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Total Investment In Real Estate | 1,006,183 | |||
Total Investment In Real Estate | $1,006,183 | |||
Parent Company's Ownership Percentage | 55.00% | |||
[1] | At December 31, 2014 and 2013, there were limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 1,767 shares of the Parent's common stock. In 2014, no limited partnership units were redeemed for cash or the Parent's common stock. As discussed in Note 13, we issued an additional 113 LTIP Units in connection with the PPP (both as defined below) in the third quarter of 2014 that are not exchangeable until they vest. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly distributions paid on our common stock pursuant to the terms of the partnership agreement. | |||
[2] | In 2014, AFORES contributed its remaining operating properties and the balance of its secured debt to FIBRA Prologis in two separate transactions. The difference between the amount received and the noncontrolling interest balance related to the properties contributed was $34.6 million, and was adjusted through equity with no gain or loss recognized. See Notes 4 and 5 for more information on these transactions. |
Noncontrolling_Interests_Nonco1
Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Noncontrolling Interest [Line Items] | ||
Outstanding limited partnership units | 1,887 | 1,949 |
Limited partnership units converted in to cash | 62 | |
Limited partnership units redeemed cash amount | $2,500,000 | |
Parent Company's Ownership Percentage | 100.00% | |
Brazil Fund [Member] | ||
Noncontrolling Interest [Line Items] | ||
Investments in unconsolidated entities | 152,000,000 | |
Parent Company's Ownership Percentage | 50.00% | 50.00% |
Prologis, L.P. [Member] | ||
Noncontrolling Interest [Line Items] | ||
Outstanding limited partnership units | 1,767 | 1,767 |
Limited partnership units redeemed cash amount | 0 | |
Prologis AMS [Member] | ||
Noncontrolling Interest [Line Items] | ||
Number of disposed properties | 2 | |
Operating Partnership non controlling interest | $34,600,000 |
LongTerm_Compensation_Addition
Long-Term Compensation - Additional Information (Detail) (USD $) | 12 Months Ended | 3 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Performance period used for fair value assumption | 3 years | ||||
Stock option outstanding and exercisable | 5,300,000 | 5,300,000 | |||
Weighted average exercise price | $34.80 | $34.80 | |||
Weighted average life | 3 years 9 months 18 days | ||||
Aggregate intrinsic value of exercised options | $5,800,000 | $9,600,000 | $21,300,000 | ||
Percentage of employees annual compensation within the statutory compensation limit | 6.00% | ||||
Vesting percentage on defined contribution plan | 100.00% | ||||
Vesting period for acquired plan | 1 year | ||||
Employer contribution for every dollar | 0.5 | ||||
Compensation cost related to employees contribution plans | 2,200,000 | 2,100,000 | 1,800,000 | ||
Restricted Stock Units (RSUs) [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Outperformance hurdle, above MSCI US REIT Index | 1.00% | ||||
Compensation pool as percentage of excess value, if outperformance hurdle is met | 3.00% | ||||
Cash incentive award maximum | 75,000,000 | ||||
Percentage of equity market capitalization | 0.50% | ||||
Forfeited awards after seven years | 7 years | ||||
RSUs and LTIP Units vesting period | 3 years | ||||
Compensation cost | 52,400,000 | 52,400,000 | |||
Remaining weighted average period | 1 year 4 months 24 days | ||||
Restricted Operating Partnership Units [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Amount realized during conversion of prior held shares | 113,000 | ||||
Compensation cost | 4,200,000 | 4,200,000 | |||
Remaining weighted average period | 1 year 10 months 24 days | ||||
Vesting period for Restricted Operating Partnership Units | 3 years | ||||
2012 Long Term Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Number of common stocks are reserved for issuance | 27,200,000 | 27,200,000 | |||
Common stock available for future issuance | 23,100,000 | 23,100,000 | |||
Common stock, conversion basis | Each LTIP Unit counts as one share of common stock | ||||
2012 Long Term Incentive Plan [Member] | Maximum [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Shares available to be granted for a single participant | 1,500,000 | ||||
2012 Long Term Incentive Plan [Member] | Restricted Operating Partnership Units [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Amount realized during conversion of prior held shares | 2,800,000 | ||||
Prologis Promote Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Total compensation pool | 40.00% | ||||
RSUs and LTIP Units vesting period | 3 years | ||||
Total value of awards | 11,300,000 | 5,300,000 | 11,300,000 | 5,300,000 | |
Total value of awards, settled in cash | 4,200,000 | 2,700,000 | |||
Prologis Promote Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Amount realized during conversion of prior held shares | 57,000 | 69,000 | |||
Aggregate fair value | 2,400,000 | 2,600,000 | |||
Prologis Promote Plan [Member] | Limited Partnership Units [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Amount realized during conversion of prior held shares | 113,000 | ||||
Aggregate fair value | $4,700,000 | ||||
Out-Performance Plan [Member] | Restricted Operating Partnership Units [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share based compensation award under plan | 0 |
LongTerm_Compensation_Assumpti
Long-Term Compensation - Assumptions of Grant (Detail) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||
Risk free interest rate | 0.67% | 0.39% | 0.17% | [1] |
Expected volatility | 38.00% | 38.00% | 23.00% | [1] |
Aggregate fair value | $23,100 | $23,900 | $36,100 | [1] |
[1] | These assumptions are based on the date the grant was modified in 2013. |
LongTerm_Compensation_RSU_and_
Long-Term Compensation - RSU and Performance Share Awards (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
RSU and PSA [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Number of Awards, beginning balance | 2,266,000 |
Granted | 1,329,000 |
Vested and distributed | -1,019,000 |
Forfeited | -55,000 |
Number of Awards, ending balance | 2,521,000 |
Weighted Average Grant-Date Fair Value, Beginning balance | $36.82 |
Weighted Average Grant-Date Fair Value, Granted | $40.85 |
Weighted Average Grant-Date Fair Value, Vested | $35.70 |
Weighted Average Grant-Date Fair Value, Forfeited | $38.20 |
Weighted Average Grant-Date Fair Value, Ending balance | $39.38 |
Number of Shares, Beginning Balance | 79 |
Number of Shares, Ending Balance | 106 |
Restricted Operating Partnership Units [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Granted | 113,000 |
Number of Awards, ending balance | 113,000 |
Weighted Average Grant-Date Fair Value, Granted | $41.43 |
Weighted Average Grant-Date Fair Value, Ending balance | $41.43 |
Merger_Acquisition_and_Other_I1
Merger, Acquisition and Other Integration Expenses - Additional Information (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Business Combinations [Abstract] | |
Acquisition related costs | $80,676 |
Impairment_Charges_Additional_
Impairment Charges - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Property, Plant and Equipment [Line Items] | |||
Impairment of real estate properties | $0 | $0 | $283,500,000 |
Impairment of real estate properties | 252,914,000 | ||
Prologis European Logistics Partners [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Impairment of real estate properties | 135,300,000 | ||
Operating Properties [Member] | Continuing Operations [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Impairment charges | 28,700,000 | ||
Operating Properties [Member] | Discontinued Operations [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Assets held for sale, impairment charge | 30,600,000 | ||
Land Parcels [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Assets held for sale, impairment charge | 11,400,000 | ||
Additional impairment charge | 16,100,000 | ||
Land Parcels [Member] | Central And Eastern Europe [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Assets held for sale, impairment charge | $77,500,000 |
Income_Taxes_Components_of_Ear
Income Taxes - Components of Earnings (Loss) Before Income Taxes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | |||
Domestic | $390,874 | ($404,910) | ($65,566) |
International | 322,754 | 741,172 | -37,251 |
Earnings (loss) before income taxes | $713,628 | $336,262 | ($102,817) |
Income_Taxes_Components_of_Pro
Income Taxes - Components of Provision for Income Tax (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Current income tax expense (benefit): | |||
United States federal | ($6,585) | $20,009 | ($27,897) |
International | 52,155 | 99,478 | 46,294 |
State and local | 16,014 | 8,501 | 7,383 |
Total current tax expense | 61,584 | 127,988 | 25,780 |
Deferred income tax expense (benefit): | |||
United States federal | -27,374 | -1,133 | 152 |
International | -59,866 | -18,934 | -22,119 |
Total deferred tax benefit | -87,240 | -20,067 | -21,967 |
Total income tax expense (benefit), included in continuing and discontinued operations | ($25,656) | $107,921 | $3,813 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Taxes [Line Items] | |||
Change in uncertain tax positions | $1.10 | $1.80 | $28.50 |
Cash paid for income taxes, net of refunds | 105.4 | 99.5 | 38.4 |
Decrease in deferred tax liability | 27.1 | ||
Accrued interest and penalties | 0.3 | 0.9 | |
Valuation Allowance, Operating Loss Carryforwards [Member] | |||
Income Taxes [Line Items] | |||
Decrease in valuation allowance | 37.6 | ||
Fibra Prologis [Member] | |||
Income Taxes [Line Items] | |||
Decrease in deferred tax liability | $62.80 |
Income_Taxes_Deferred_Income_T
Income Taxes - Deferred Income Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Gross deferred income tax assets: | ||
Net operating loss carryforwards (1) | $346,978 | $391,764 |
Basis difference - real estate properties | 105,205 | 133,767 |
Basis difference - equity investments | 12,401 | 9,238 |
Basis difference - intangibles | 5,952 | 8,113 |
Section 163(j) interest limitation | 32,703 | 33,224 |
Capital loss carryforward | 25,282 | 32,054 |
Other - temporary differences | 10,701 | 20,124 |
Total gross deferred income tax assets | 539,222 | 628,284 |
Valuation allowance | -518,241 | -583,675 |
Gross deferred income tax assets, net of valuation allowance | 20,981 | 44,609 |
Gross deferred income tax liabilities: | ||
Basis difference - real estate properties | 89,998 | 167,951 |
Built-in-gains - equity investments and real estate properties | 27,116 | |
Basis difference- intangibles | 7,324 | 8,823 |
Other - temporary differences | 716 | 5,269 |
Total gross deferred income tax liabilities | 98,038 | 209,159 |
Net deferred income tax liabilities | $77,057 | $164,550 |
Income_Taxes_Summary_of_Operat
Income Taxes - Summary of Operating Loss Carryforwards (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Operating Loss Carryforwards [Line Items] | ||
Tax-effected NOL carryforward | $346,978,000 | $391,764,000 |
United States [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 92,000,000 | |
Tax-effected NOL carryforward | 35,000,000 | |
Valuation allowance | -35,000,000 | |
Expiration periods | 2022-2033 | |
Europe [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 747,000,000 | |
Tax-effected NOL carryforward | 197,000,000 | |
Valuation allowance | -188,000,000 | |
Net deferred tax asset-NOL carryforward | 9,000,000 | |
Expiration periods | 2015-indefinite | |
Mexico [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 246,000,000 | |
Tax-effected NOL carryforward | 74,000,000 | |
Valuation allowance | -74,000,000 | |
Expiration periods | 2015-2025 | |
Japan [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 132,000,000 | |
Tax-effected NOL carryforward | 25,000,000 | |
Valuation allowance | -25,000,000 | |
Expiration periods | 2015-2023 | |
Other [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 67,000,000 | |
Tax-effected NOL carryforward | 16,000,000 | |
Valuation allowance | ($16,000,000) | |
Expiration periods | 2015-indefinite |
Income_Taxes_Summary_of_Income
Income Taxes - Summary of Income Tax Contingencies (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Income Tax Disclosure [Abstract] | ||
Balance at January 1 | $1,318 | $7,943 |
Additions for tax positions taken during a prior year | 256 | 405 |
Settlements with taxing authorities | -7,030 | |
Reductions due to lapse of applicable statute of limitations | -1,318 | |
Balance at December 31 | $256 | $1,318 |
Earnings_Per_Common_Share_Unit
Earnings Per Common Share / Unit - Computation of Basic and Diluted Earnings Per Share Unit (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings (loss) attributable to common stockholders/unitholders | $408,609 | $136,245 | $72,715 | $4,666 | $59,057 | ($7,534) | ($1,517) | $265,416 | $622,235 | $315,422 | ($80,946) |
Noncontrolling interest attributable to exchangeable limited partnership units | 3,636 | 1,305 | -162 | ||||||||
Adjusted net earnings (loss) attributable to common stockholders | 625,871 | 316,727 | -81,108 | ||||||||
Weighted average common partnership units outstanding - Basic | 499,583 | 486,076 | 459,895 | ||||||||
Incremental weighted average effect on exchange of limited partnership units | 3,501 | 2,060 | 1,953 | ||||||||
Incremental weighted average effect of equity awards and warrants | 3,307 | 3,410 | |||||||||
Weighted average common partnership units outstanding - Diluted | 506,391 | 491,546 | 461,848 | ||||||||
Net earnings (loss) per share attributable to common stockholders - | |||||||||||
Basic | $0.82 | $0.27 | $0.15 | $0.01 | $0.12 | ($0.02) | $0 | $0.58 | $1.25 | $0.65 | ($0.18) |
Diluted | $0.81 | $0.23 | $0.13 | $0.01 | $0.12 | ($0.02) | $0 | $0.57 | $1.24 | $0.64 | ($0.18) |
Prologis, L.P. [Member] | |||||||||||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings (loss) attributable to common stockholders/unitholders | 410,042 | 136,738 | 72,973 | 4,683 | 59,256 | -7,582 | -1,592 | 266,548 | 624,436 | 316,630 | -81,108 |
Noncontrolling interest attributable to exchangeable limited partnership units | 1,435 | 97 | |||||||||
Adjusted net earnings (loss) attributable to common stockholders | $625,871 | $316,727 | ($81,108) | ||||||||
Weighted average common partnership units outstanding - Basic | 501,349 | 487,936 | 461,848 | ||||||||
Incremental weighted average effect on exchange of limited partnership units | 1,735 | 200 | |||||||||
Incremental weighted average effect of equity awards and warrants | 3,307 | 3,410 | |||||||||
Weighted average common partnership units outstanding - Diluted | 506,391 | 491,546 | 461,848 | ||||||||
Net earnings (loss) per share attributable to common stockholders - | |||||||||||
Basic | $0.82 | $0.27 | $0.15 | $0.01 | $0.12 | ($0.02) | $0 | $0.58 | $1.25 | $0.65 | ($0.18) |
Diluted | $0.81 | $0.23 | $0.13 | $0.01 | $0.12 | ($0.02) | $0 | $0.57 | $1.24 | $0.64 | ($0.18) |
Earnings_Per_Common_Share_Unit1
Earnings Per Common Share / Unit - Computation of Basic and Diluted Earnings Per Share Unit (Parenthetical) (Detail) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||
Weighted average exchangeable Operating Partnership units outstanding | 1,767 | 1,860 | 1,953 |
Total weighted average potentially dilutive limited partnership units outstanding | 14,366 | 13,998 | 9,805 |
Prologis, L.P. [Member] | |||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||
Total weighted average potentially dilutive limited partnership units outstanding | 1,932 | 1,558 | 1,284 |
Total weighted average potentially dilutive exchangeable debt outstanding | 11,879 | 11,879 | 11,879 |
Financial_Instruments_and_Fair2
Financial Instruments and Fair Value Measurements - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Contracts | |||
Derivative [Line Items] | |||
Number of option contract | 1 | ||
Maximum length of time hedged in cash flow hedges | 10 years | ||
Gain (Loss) on Early Extinguishment of Debt, Net | ($11,000,000) | ||
Amount of gain (loss) included in OCI | -171,401,000 | -234,680,000 | -79,014,000 |
Foreign Currency Derivatives [Member] | |||
Derivative [Line Items] | |||
Amount of gain (loss) included in OCI | -614,800,000 | -237,600,000 | -61,600,000 |
Interest Rate Swaps [Member] | |||
Derivative [Line Items] | |||
Notional value of ineffective interest rate swaps | $703,800,000 |
Financial_Instruments_and_Fair3
Financial Instruments and Fair Value Measurements - Derivative Activity (Detail) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2014 |
USD ($) | USD ($) | Euro Options Contracts [Member] | Euro Options Contracts [Member] | Euro Forward Contracts [Member] | Euro Forward Contracts [Member] | Euro Forward Contracts [Member] | Euro Forward Contracts [Member] | Euro Forward Contracts [Member] | Euro Forward Contracts [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Yen Forward Contracts [Member] | Yen Forward Contracts [Member] | Yen Forward Contracts [Member] | Yen Forward Contracts [Member] | GBP Forward Contracts [Member] | GBP Forward Contracts [Member] | |
Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | USD ($) | USD ($) | USD ($) | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | Foreign Currency Contracts [Member] | |||
USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | EUR (€) | Derivative | USD ($) | JPY (¥) | USD ($) | JPY (¥) | USD ($) | GBP (£) | |||||
Derivative | Derivative | Derivative | Derivative | ||||||||||||||||
Derivative [Line Items] | |||||||||||||||||||
Notional amounts at January 1 | $333,500,000 | $445,400,000 | $800,000,000 | € 600,000,000 | $1,304,000,000 | € 1,000,000,000 | $71,000,000 | $1,315,000,000 | $1,497,000,000 | $250,000,000 | ¥ 24,136,000,000 | ||||||||
New contracts | 464,000,000 | 365,000,000 | 2,354,000,000 | 1,746,000,000 | 800,000,000 | 600,000,000 | 1,304,000,000 | 1,000,000,000 | 398,000,000 | 445,000,000 | 769,000,000 | 79,010,000,000 | 250,000,000 | 24,136,000,000 | 400,000,000 | 238,000,000 | |||
Acquired contracts | 71,000,000 | ||||||||||||||||||
Matured or expired contracts | -110,000,000 | -81,000,000 | -2,754,000,000 | -2,046,000,000 | -1,304,000,000 | -1,000,000,000 | -71,000,000 | -1,244,000,000 | -698,000,000 | -769,000,000 | -79,010,000,000 | ||||||||
Notional amounts at December 31 | $333,500,000 | $445,400,000 | $354,000,000 | € 284,000,000 | $400,000,000 | € 300,000,000 | $800,000,000 | € 600,000,000 | $1,304,000,000 | € 1,000,000,000 | $398,000,000 | $71,000,000 | $1,315,000,000 | $250,000,000 | ¥ 24,136,000,000 | $250,000,000 | ¥ 24,136,000,000 | $400,000,000 | £ 238,000,000 |
Active contracts at December 31 | 8,000,000 | 8,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | ||||||||||
Weighted Average Forward Rate at December 31 | 1.25 | 1.25 | 1.33 | 1.33 | 96.54 | 96.54 | 1.68 | 1.68 |
Financial_Instruments_and_Fair4
Financial Instruments and Fair Value Measurements - Derivative Activity (Parenthetical) (Detail) | 12 Months Ended | 3 Months Ended | |||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | |
USD ($) | USD ($) | USD ($) | Prologis European Logistics Partners [Member] | Nippon Prologis REIT Inc [Member] | NAIF II [Member] | Yen Term Loan [Member] | |
Option | Contract | Contract | USD ($) | USD ($) | USD ($) | JPY (¥) | |
Contract | Contract | Contract | Contract | ||||
Derivative [Line Items] | |||||||
Number of option exercised | 3 | ||||||
Number of contracts | 2 | ||||||
Net gain from option exercised | $1,100,000 | ||||||
Notional value of swap contracts contributed | 13 | ||||||
Number of swap contracts | 13 | 4 | 5 | 1 | |||
Notional value of swap contracts | $333,500,000 | $445,400,000 | $383,900,000 | $526,400,000 | $71,000,000 | ¥ 40,900,000,000 | |
Maturity date of interest rate swap contracts | Various expiration dates between 2017 and 2019 |
Financial_Instruments_and_Fair5
Financial Instruments and Fair Value Measurements - Schedule of Fair Value of Derivative Instruments (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ||
Asset | $106,664 | $20,241 |
Liability | 1,395 | 35,940 |
AOCI | 101,621 | -14,045 |
Net Investment Hedges - Euro Denominated [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Asset | 22,891 | 137 |
Liability | 30,302 | |
AOCI | 37,295 | -21,705 |
Net Investment Hedges - Yen Denominated [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Asset | 46,934 | 20,104 |
AOCI | 56,169 | 22,102 |
Net Investment Hedges - Pounds Sterling Denominated [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Asset | 29,097 | |
AOCI | 29,097 | |
Foreign Currency Options - Euro Denominated [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Asset | 7,742 | |
Interest Rate Swap Hedges [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Liability | 1,395 | 5,638 |
AOCI | -1,395 | -591 |
Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member] | ||
Derivatives, Fair Value [Line Items] | ||
AOCI | ($19,545) | ($13,851) |
Financial_Instruments_and_Fair6
Financial Instruments and Fair Value Measurements - Schedule of Fair Value of Derivative Instruments (Parenthetical) (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Mar. 31, 2013 | Dec. 31, 2014 |
Derivatives, Fair Value [Line Items] | ||
Loss related to interest rate swap reclassified from accumulated other comprehensive loss | $7.80 | |
Foreign Currency Options - Euro Denominated [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gains on foreign exchange transactions | $7.70 |
Financial_Instruments_and_Fair7
Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Loss) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain (loss) on derivative instruments | $115,666 | $37,437 | $536 |
Total gain on derivative and non-derivative instruments | 436,862 | 22,527 | 536 |
Derivative Net Investment Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain (loss) on derivative instruments | 122,164 | 17,847 | -17,450 |
Interest Rate Swap Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain (loss) on derivative instruments | -804 | -69 | 6,651 |
Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain (loss) on derivative instruments | -5,694 | 19,659 | 11,335 |
Non-Derivative Net Investment Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Non-derivative net investment hedges | $321,196 | ($14,910) |
Financial_Instruments_and_Fair8
Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Loss) (Parenthetical) (Detail) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2014 | |
USD ($) | USD ($) | USD ($) | Net investment hedges [Member] | Net investment hedges [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | EUR (€) | USD ($) | Operating Partnership [Member] | Operating Partnership [Member] | Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts [Member] | ||||
USD ($) | EUR (€) | EUR (€) | Operating Partnership [Member] | Operating Partnership [Member] | ||||||||||
USD ($) | EUR (€) | |||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||||||
Gain (Loss) on settlement of derivatives | $6,300,000 | $4,300,000 | ||||||||||||
Interest expense reclassified | 308,885,000 | 379,327,000 | 505,215,000 | 14,700,000 | ||||||||||
Debt issued | 9,293,000,000 | 3,000,000,000 | 2,500,000,000 | 1,000,000,000 | 2,400,000,000 | 1,800,000,000 | 700,000,000 | 118,500,000 | 97,600,000 | |||||
Amount of gain (loss) included in AOCI | ($171,401,000) | ($234,680,000) | ($79,014,000) | $7,500,000 |
Financial_Instruments_and_Fair9
Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | $9,380,199 | $9,011,216 |
Fair Value of Debt | 10,080,157 | 9,586,791 |
Credit Facilities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 725,483 | |
Fair Value of Debt | 725,679 | |
Senior Notes [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 6,076,920 | 5,357,933 |
Fair Value of Debt | 6,593,657 | 5,698,864 |
Exchangeable Senior Notes [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 456,766 | 438,481 |
Fair Value of Debt | 511,931 | 514,381 |
Secured Mortgage Debt [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 1,050,591 | 1,696,597 |
Fair Value of Debt | 1,173,488 | 1,840,829 |
Secured Mortgage Debt of Consolidated Entities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 1,207,106 | 239,992 |
Fair Value of Debt | 1,209,271 | 246,324 |
Term Loans and Other Debt [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 588,816 | 552,730 |
Fair Value of Debt | $591,810 | $560,714 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Commitments and Contingencies Disclosure [Abstract] | ||
Percentage of agreement indemnification | 100.00% | |
Outstanding performance and surety bonds | $54.50 | $25.50 |
Business_Segments_Additional_I
Business Segments - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Segment | |
Segment Reporting [Abstract] | |
Number of operating segments | 2 |
Business_Segments_Segment_Repo
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | $450,865 | $415,151 | $460,089 | $434,682 | $436,764 | $423,058 | $410,693 | $479,971 | $1,760,787 | $1,750,486 | $1,960,518 | |
General and administrative expenses | -247,768 | -229,207 | -228,068 | |||||||||
Depreciation and amortization | -642,461 | -648,668 | -724,262 | |||||||||
Merger, acquisition and other integration expenses | -80,676 | |||||||||||
Impairment of real estate properties | -252,914 | |||||||||||
Earnings from unconsolidated entities, net | 134,288 | 97,220 | 31,676 | |||||||||
Interest expense | -308,885 | -379,327 | -505,215 | |||||||||
Interest and other income, net | 25,768 | 26,948 | 22,878 | |||||||||
Gains on acquisitions and dispositions of investments in real estate, net | 725,790 | 597,656 | 305,607 | |||||||||
Foreign currency and derivative gains (losses) and related amortization, net | -17,841 | -33,633 | -20,497 | |||||||||
Losses on early extinguishment of debt, net | -165,300 | -277,014 | -14,114 | |||||||||
Consolidated net earnings (loss) | 739,284 | 353,049 | -30,472 | |||||||||
Earnings (loss) before income taxes | 713,628 | 336,262 | -102,817 | |||||||||
Investments in and advances to unconsolidated entities | 4,824,724 | 4,430,239 | 4,824,724 | 4,430,239 | ||||||||
Asset held for sale | 43,934 | 4,042 | 43,934 | 4,042 | ||||||||
Cash and cash equivalents | 350,692 | 491,129 | 350,692 | 491,129 | 100,810 | 176,072 | ||||||
Total assets | 25,818,223 | 24,572,307 | 25,818,223 | 24,572,307 | ||||||||
Operating Segments [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 1,760,787 | 1,750,486 | 1,960,518 | |||||||||
Consolidated net earnings (loss) | 1,210,037 | 1,182,287 | 1,378,903 | |||||||||
Total assets | 20,258,013 | 19,170,624 | 20,258,013 | 19,170,624 | ||||||||
Operating Segments [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 1,540,916 | 1,571,014 | 1,833,739 | |||||||||
Consolidated net earnings (loss) | 1,086,662 | 1,092,094 | 1,315,944 | |||||||||
Total assets | 20,180,083 | 19,084,509 | 20,180,083 | 19,084,509 | ||||||||
Operating Segments [Member] | Investment Management [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 219,871 | 179,472 | 126,779 | |||||||||
Consolidated net earnings (loss) | 123,375 | 90,193 | 62,959 | |||||||||
Total assets | 77,930 | 86,115 | 77,930 | 86,115 | ||||||||
Operating Segments [Member] | Americas [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 1,403,564 | 1,288,925 | 1,176,920 | |||||||||
Consolidated net earnings (loss) | 1,000,773 | 899,053 | 818,393 | |||||||||
Total assets | 17,432,909 | 16,272,868 | 17,432,909 | 16,272,868 | ||||||||
Operating Segments [Member] | Americas [Member] | Investment Management [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 95,168 | 72,474 | 69,422 | |||||||||
Consolidated net earnings (loss) | 42,042 | 18,785 | 31,637 | |||||||||
Total assets | 20,635 | 22,154 | 20,635 | 22,154 | ||||||||
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 74,413 | 174,397 | 435,244 | |||||||||
Consolidated net earnings (loss) | 40,627 | 116,178 | 325,571 | |||||||||
Total assets | 1,820,529 | 1,634,867 | 1,820,529 | 1,634,867 | ||||||||
Operating Segments [Member] | Europe [Member] | Investment Management [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 86,549 | 63,794 | 37,047 | |||||||||
Consolidated net earnings (loss) | 57,266 | 41,263 | 21,699 | |||||||||
Total assets | 54,577 | 60,327 | 54,577 | 60,327 | ||||||||
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 62,939 | 107,692 | 221,575 | |||||||||
Consolidated net earnings (loss) | 45,262 | 76,863 | 171,980 | |||||||||
Total assets | 926,645 | 1,176,774 | 926,645 | 1,176,774 | ||||||||
Operating Segments [Member] | Asia [Member] | Investment Management [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 38,154 | 43,204 | 20,310 | |||||||||
Consolidated net earnings (loss) | 24,067 | 30,145 | 9,623 | |||||||||
Total assets | 2,718 | 3,634 | 2,718 | 3,634 | ||||||||
Reconciling Items [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
General and administrative expenses | -247,768 | -229,207 | -228,068 | |||||||||
Depreciation and amortization | -642,461 | -648,668 | -724,262 | |||||||||
Merger, acquisition and other integration expenses | -80,676 | |||||||||||
Impairment of real estate properties | -252,914 | |||||||||||
Earnings from unconsolidated entities, net | 134,288 | 97,220 | 31,676 | |||||||||
Interest expense | -308,885 | -379,327 | -505,215 | |||||||||
Interest and other income, net | 25,768 | 26,948 | 22,878 | |||||||||
Gains on acquisitions and dispositions of investments in real estate, net | 725,790 | 597,656 | 305,607 | |||||||||
Foreign currency and derivative gains (losses) and related amortization, net | -17,841 | -33,633 | -20,497 | |||||||||
Losses on early extinguishment of debt, net | -165,300 | -277,014 | -14,114 | |||||||||
Impairment of other assets | -16,135 | |||||||||||
Consolidated net earnings (loss) | -496,409 | -846,025 | -1,481,720 | |||||||||
Investments in and advances to unconsolidated entities | 4,824,724 | 4,430,239 | 4,824,724 | 4,430,239 | ||||||||
Asset held for sale | 43,934 | 4,042 | 43,934 | 4,042 | ||||||||
Notes receivable backed by real estate | 188,000 | 188,000 | ||||||||||
Cash and cash equivalents | 350,692 | 491,129 | 350,692 | 491,129 | ||||||||
Other assets | 340,860 | 288,273 | 340,860 | 288,273 | ||||||||
Total assets | $5,560,210 | $5,401,683 | $5,560,210 | $5,401,683 |
Business_Segments_Segment_Repo1
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Parenthetical) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | $450,865,000 | $415,151,000 | $460,089,000 | $434,682,000 | $436,764,000 | $423,058,000 | $410,693,000 | $479,971,000 | $1,760,787,000 | $1,750,486,000 | $1,960,518,000 |
Europe Private Capital Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Goodwill | 25,300,000 | 25,300,000 | 25,300,000 | 25,300,000 | |||||||
United States [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | 1,400,000,000 | 1,100,000,000 | 1,100,000,000 | ||||||||
Long-lived assets attributable to the United States | $17,300,000,000 | $15,300,000,000 | $17,300,000,000 | $15,300,000,000 |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information - Additional Information (Detail) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Mar. 31, 2013 | Dec. 31, 2014 |
Real Estate Properties [Line Items] | |||||
Proceeds from contribution of properties to entities | $31.20 | $17.70 | |||
Fibra Prologis [Member] | |||||
Real Estate Properties [Line Items] | |||||
Ownership interests received | 609.7 | ||||
Assumed debt | 194.9 | 345.1 | |||
Prologis European Logistics Partners [Member] | |||||
Real Estate Properties [Line Items] | |||||
Capitalized for equity based compensation expense | 18.8 | 10.6 | 21.6 | ||
Ownership interests received | 1,300 | ||||
Assumed debt | $353.20 | ||||
Percentage of ownership interests received | 50.00% |
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data (Unaudited) - Selected Quarterly Financial Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Selected Quarterly Financial Data [Line Items] | |||||||||||
Total revenues | $450,865 | $415,151 | $460,089 | $434,682 | $436,764 | $423,058 | $410,693 | $479,971 | $1,760,787 | $1,750,486 | $1,960,518 |
Operating income | 74,956 | 78,112 | 95,274 | 71,466 | 71,479 | 77,380 | 58,514 | 97,039 | 319,808 | 304,412 | 92,983 |
Earnings (loss) from continuing operations | 427,724 | 147,127 | 152,430 | 12,003 | 9,485 | -48,671 | -20,591 | 289,306 | 739,284 | 229,529 | -106,397 |
Net earnings (loss) attributable to common stockholders | 408,609 | 136,245 | 72,715 | 4,666 | 59,057 | -7,534 | -1,517 | 265,416 | 622,235 | 315,422 | -80,946 |
Net earnings (loss) per share attributable to common stockholders - Basic | $0.82 | $0.27 | $0.15 | $0.01 | $0.12 | ($0.02) | $0 | $0.58 | $1.25 | $0.65 | ($0.18) |
Net earnings (loss) per share attributable to common stockholders - Diluted | $0.81 | $0.23 | $0.13 | $0.01 | $0.12 | ($0.02) | $0 | $0.57 | $1.24 | $0.64 | ($0.18) |
Prologis, L.P. [Member] | |||||||||||
Selected Quarterly Financial Data [Line Items] | |||||||||||
Total revenues | 450,865 | 415,151 | 460,089 | 434,682 | 436,764 | 423,058 | 410,693 | 479,971 | 1,760,787 | 1,750,486 | 1,960,518 |
Operating income | 74,956 | 78,112 | 95,274 | 71,466 | 71,479 | 77,380 | 58,514 | 97,039 | 319,808 | 304,412 | 92,983 |
Earnings (loss) from continuing operations | 427,724 | 147,127 | 152,430 | 12,003 | 9,485 | -48,671 | -20,591 | 289,306 | 739,284 | 229,529 | -106,397 |
Net earnings (loss) attributable to common stockholders | $410,042 | $136,738 | $72,973 | $4,683 | $59,256 | ($7,582) | ($1,592) | $266,548 | $624,436 | $316,630 | ($81,108) |
Net earnings (loss) per share attributable to common stockholders - Basic | $0.82 | $0.27 | $0.15 | $0.01 | $0.12 | ($0.02) | $0 | $0.58 | $1.25 | $0.65 | ($0.18) |
Net earnings (loss) per share attributable to common stockholders - Diluted | $0.81 | $0.23 | $0.13 | $0.01 | $0.12 | ($0.02) | $0 | $0.57 | $1.24 | $0.64 | ($0.18) |
Real_Estate_and_Accumulated_De1
Real Estate and Accumulated Depreciation (Detail) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Carrying amount of land and buildings and improvements, Total | $20,109,432 | $18,822,081 | $23,559,891 | $22,413,079 |
Accumulated Depreciation | -2,748,835 | -2,540,267 | -2,460,642 | -2,150,713 |
Properties Under Development [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1,686 | |||
Land | 4,707,415 | |||
Building and improvements | 11,903,743 | |||
Costs capitalized subsequent to acquisition | 3,498,274 | |||
Carrying amount of land | 4,820,034 | |||
Carrying amount of buildings and improvements | 15,289,398 | |||
Carrying amount of land and buildings and improvements, Total | 20,109,432 | |||
Accumulated Depreciation | -2,748,835 | |||
Properties Under Development [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,493 | |||
Costs capitalized subsequent to acquisition | 1,643 | |||
Carrying amount of land | 3,493 | |||
Carrying amount of buildings and improvements | 1,643 | |||
Carrying amount of land and buildings and improvements, Total | 5,136 | |||
Properties Under Development [Member] | Boston, Massachusetts [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,808 | |||
Costs capitalized subsequent to acquisition | 22,717 | |||
Carrying amount of land | 10,808 | |||
Carrying amount of buildings and improvements | 22,717 | |||
Carrying amount of land and buildings and improvements, Total | 33,525 | |||
Properties Under Development [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 23,244 | |||
Costs capitalized subsequent to acquisition | 18,304 | |||
Carrying amount of land | 23,244 | |||
Carrying amount of buildings and improvements | 18,304 | |||
Carrying amount of land and buildings and improvements, Total | 41,548 | |||
Properties Under Development [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Costs capitalized subsequent to acquisition | 12,234 | |||
Carrying amount of buildings and improvements | 12,234 | |||
Carrying amount of land and buildings and improvements, Total | 12,234 | |||
Properties Under Development [Member] | Charlotte North Carolina [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 790 | |||
Costs capitalized subsequent to acquisition | 1,819 | |||
Carrying amount of land | 790 | |||
Carrying amount of buildings and improvements | 1,819 | |||
Carrying amount of land and buildings and improvements, Total | 2,609 | |||
Properties Under Development [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,926 | |||
Costs capitalized subsequent to acquisition | 9,937 | |||
Carrying amount of land | 3,926 | |||
Carrying amount of buildings and improvements | 9,937 | |||
Carrying amount of land and buildings and improvements, Total | 13,863 | |||
Properties Under Development [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,167 | |||
Costs capitalized subsequent to acquisition | 12,811 | |||
Carrying amount of land | 1,167 | |||
Carrying amount of buildings and improvements | 12,811 | |||
Carrying amount of land and buildings and improvements, Total | 13,978 | |||
Properties Under Development [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 4,888 | |||
Costs capitalized subsequent to acquisition | 11,633 | |||
Carrying amount of land | 4,888 | |||
Carrying amount of buildings and improvements | 11,633 | |||
Carrying amount of land and buildings and improvements, Total | 16,521 | |||
Properties Under Development [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 7,149 | |||
Costs capitalized subsequent to acquisition | 30,482 | |||
Carrying amount of land | 7,149 | |||
Carrying amount of buildings and improvements | 30,482 | |||
Carrying amount of land and buildings and improvements, Total | 37,631 | |||
Properties Under Development [Member] | El Paso, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 768 | |||
Costs capitalized subsequent to acquisition | 2,203 | |||
Carrying amount of land | 768 | |||
Carrying amount of buildings and improvements | 2,203 | |||
Carrying amount of land and buildings and improvements, Total | 2,971 | |||
Properties Under Development [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,012 | |||
Costs capitalized subsequent to acquisition | 10,411 | |||
Carrying amount of land | 2,012 | |||
Carrying amount of buildings and improvements | 10,411 | |||
Carrying amount of land and buildings and improvements, Total | 12,423 | |||
Properties Under Development [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,881 | |||
Costs capitalized subsequent to acquisition | 7,655 | |||
Carrying amount of land | 2,881 | |||
Carrying amount of buildings and improvements | 7,655 | |||
Carrying amount of land and buildings and improvements, Total | 10,536 | |||
Properties Under Development [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 938 | |||
Costs capitalized subsequent to acquisition | 8,168 | |||
Carrying amount of land | 938 | |||
Carrying amount of buildings and improvements | 8,168 | |||
Carrying amount of land and buildings and improvements, Total | 9,106 | |||
Properties Under Development [Member] | New Jersey [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 56,803 | |||
Costs capitalized subsequent to acquisition | 92,208 | |||
Carrying amount of land | 56,803 | |||
Carrying amount of buildings and improvements | 92,208 | |||
Carrying amount of land and buildings and improvements, Total | 149,011 | |||
Properties Under Development [Member] | Park I-85 [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,493 | |||
Costs capitalized subsequent to acquisition | 1,643 | |||
Carrying amount of land | 3,493 | |||
Carrying amount of buildings and improvements | 1,643 | |||
Carrying amount of land and buildings and improvements, Total | 5,136 | |||
Properties Under Development [Member] | Londonderry [Member] | Boston, Massachusetts [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,808 | |||
Costs capitalized subsequent to acquisition | 22,717 | |||
Carrying amount of land | 10,808 | |||
Carrying amount of buildings and improvements | 22,717 | |||
Carrying amount of land and buildings and improvements, Total | 33,525 | |||
Properties Under Development [Member] | Carlisle Dist Ctr [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 13,931 | |||
Costs capitalized subsequent to acquisition | 5,963 | |||
Carrying amount of land | 13,931 | |||
Carrying amount of buildings and improvements | 5,963 | |||
Carrying amount of land and buildings and improvements, Total | 19,894 | |||
Properties Under Development [Member] | I-81 Dist Ctr [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,416 | |||
Costs capitalized subsequent to acquisition | 11,128 | |||
Carrying amount of land | 6,416 | |||
Carrying amount of buildings and improvements | 11,128 | |||
Carrying amount of land and buildings and improvements, Total | 17,544 | |||
Properties Under Development [Member] | Lehigh Valley Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,897 | |||
Costs capitalized subsequent to acquisition | 1,213 | |||
Carrying amount of land | 2,897 | |||
Carrying amount of buildings and improvements | 1,213 | |||
Carrying amount of land and buildings and improvements, Total | 4,110 | |||
Properties Under Development [Member] | Patterson Pass Business Center [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Costs capitalized subsequent to acquisition | 12,234 | |||
Carrying amount of buildings and improvements | 12,234 | |||
Carrying amount of land and buildings and improvements, Total | 12,234 | |||
Properties Under Development [Member] | West Pointe Business Center [Member] | Charlotte North Carolina [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 790 | |||
Costs capitalized subsequent to acquisition | 1,819 | |||
Carrying amount of land | 790 | |||
Carrying amount of buildings and improvements | 1,819 | |||
Carrying amount of land and buildings and improvements, Total | 2,609 | |||
Properties Under Development [Member] | Bolingbrook Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,926 | |||
Costs capitalized subsequent to acquisition | 9,937 | |||
Carrying amount of land | 3,926 | |||
Carrying amount of buildings and improvements | 9,937 | |||
Carrying amount of land and buildings and improvements, Total | 13,863 | |||
Properties Under Development [Member] | Etna Distribution Center [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,167 | |||
Costs capitalized subsequent to acquisition | 12,811 | |||
Carrying amount of land | 1,167 | |||
Carrying amount of buildings and improvements | 12,811 | |||
Carrying amount of land and buildings and improvements, Total | 13,978 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Dallas Corporate Center North Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,430 | |||
Costs capitalized subsequent to acquisition | 993 | |||
Carrying amount of land | 4,430 | |||
Carrying amount of buildings and improvements | 993 | |||
Carrying amount of land and buildings and improvements, Total | 5,423 | |||
Properties Under Development [Member] | Freeport Corp Ctr [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 458 | |||
Costs capitalized subsequent to acquisition | 6,628 | |||
Carrying amount of land | 458 | |||
Carrying amount of buildings and improvements | 6,628 | |||
Carrying amount of land and buildings and improvements, Total | 7,086 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Mountain Creek [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Costs capitalized subsequent to acquisition | 4,012 | |||
Carrying amount of buildings and improvements | 4,012 | |||
Carrying amount of land and buildings and improvements, Total | 4,012 | |||
Properties Under Development [Member] | Stapleton Bus Ctr North [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 7,149 | |||
Costs capitalized subsequent to acquisition | 30,482 | |||
Carrying amount of land | 7,149 | |||
Carrying amount of buildings and improvements | 30,482 | |||
Carrying amount of land and buildings and improvements, Total | 37,631 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Northwestern Corporate Center [Member] | El Paso, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 768 | |||
Costs capitalized subsequent to acquisition | 2,203 | |||
Carrying amount of land | 768 | |||
Carrying amount of buildings and improvements | 2,203 | |||
Carrying amount of land and buildings and improvements, Total | 2,971 | |||
Properties Under Development [Member] | Northpark Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,012 | |||
Costs capitalized subsequent to acquisition | 10,411 | |||
Carrying amount of land | 2,012 | |||
Carrying amount of buildings and improvements | 10,411 | |||
Carrying amount of land and buildings and improvements, Total | 12,423 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Las Vegas Corporate Center [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,881 | |||
Costs capitalized subsequent to acquisition | 7,655 | |||
Carrying amount of land | 2,881 | |||
Carrying amount of buildings and improvements | 7,655 | |||
Carrying amount of land and buildings and improvements, Total | 10,536 | |||
Properties Under Development [Member] | DeSoto Distribution Center [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 938 | |||
Costs capitalized subsequent to acquisition | 8,168 | |||
Carrying amount of land | 938 | |||
Carrying amount of buildings and improvements | 8,168 | |||
Carrying amount of land and buildings and improvements, Total | 9,106 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Port Reading Business Park [Member] | New Jersey [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 56,803 | |||
Costs capitalized subsequent to acquisition | 92,208 | |||
Carrying amount of land | 56,803 | |||
Carrying amount of buildings and improvements | 92,208 | |||
Carrying amount of land and buildings and improvements, Total | 149,011 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Beltway Commerce Center [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,485 | |||
Costs capitalized subsequent to acquisition | 4,814 | |||
Carrying amount of land | 1,485 | |||
Carrying amount of buildings and improvements | 4,814 | |||
Carrying amount of land and buildings and improvements, Total | 6,299 | |||
Properties Under Development [Member] | Asian Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 146,415 | |||
Costs capitalized subsequent to acquisition | 256,516 | |||
Carrying amount of land | 146,415 | |||
Carrying amount of buildings and improvements | 256,516 | |||
Carrying amount of land and buildings and improvements, Total | 402,931 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 146,415 | |||
Costs capitalized subsequent to acquisition | 256,516 | |||
Carrying amount of land | 146,415 | |||
Carrying amount of buildings and improvements | 256,516 | |||
Carrying amount of land and buildings and improvements, Total | 402,931 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Chiba New Town Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 31,079 | |||
Costs capitalized subsequent to acquisition | 1,166 | |||
Carrying amount of land | 31,079 | |||
Carrying amount of buildings and improvements | 1,166 | |||
Carrying amount of land and buildings and improvements, Total | 32,245 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Hisayama Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,120 | |||
Costs capitalized subsequent to acquisition | 18,739 | |||
Carrying amount of land | 5,120 | |||
Carrying amount of buildings and improvements | 18,739 | |||
Carrying amount of land and buildings and improvements, Total | 23,859 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Joso Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 12,140 | |||
Costs capitalized subsequent to acquisition | 26,160 | |||
Carrying amount of land | 12,140 | |||
Carrying amount of buildings and improvements | 26,160 | |||
Carrying amount of land and buildings and improvements, Total | 38,300 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Kitamoto Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 18,460 | |||
Costs capitalized subsequent to acquisition | 55,668 | |||
Carrying amount of land | 18,460 | |||
Carrying amount of buildings and improvements | 55,668 | |||
Carrying amount of land and buildings and improvements, Total | 74,128 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Narashino IV Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Costs capitalized subsequent to acquisition | 19,239 | |||
Carrying amount of buildings and improvements | 19,239 | |||
Carrying amount of land and buildings and improvements, Total | 19,239 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Narita 1 [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 9,361 | |||
Costs capitalized subsequent to acquisition | 20,368 | |||
Carrying amount of land | 9,361 | |||
Carrying amount of buildings and improvements | 20,368 | |||
Carrying amount of land and buildings and improvements, Total | 29,729 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Osaka 5 [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 35,475 | |||
Costs capitalized subsequent to acquisition | 70,429 | |||
Carrying amount of land | 35,475 | |||
Carrying amount of buildings and improvements | 70,429 | |||
Carrying amount of land and buildings and improvements, Total | 105,904 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | ProLogis Parc Tomiya III [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 8,609 | |||
Costs capitalized subsequent to acquisition | 22,868 | |||
Carrying amount of land | 8,609 | |||
Carrying amount of buildings and improvements | 22,868 | |||
Carrying amount of land and buildings and improvements, Total | 31,477 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Pro Logis Park Sendai [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,913 | |||
Costs capitalized subsequent to acquisition | 3,437 | |||
Carrying amount of land | 4,913 | |||
Carrying amount of buildings and improvements | 3,437 | |||
Carrying amount of land and buildings and improvements, Total | 8,350 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | Yoshimi Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 21,258 | |||
Costs capitalized subsequent to acquisition | 18,442 | |||
Carrying amount of land | 21,258 | |||
Carrying amount of buildings and improvements | 18,442 | |||
Carrying amount of land and buildings and improvements, Total | 39,700 | |||
Properties Under Development [Member] | European Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 24 | |||
Land | 197,461 | |||
Costs capitalized subsequent to acquisition | 218,390 | |||
Carrying amount of land | 197,461 | |||
Carrying amount of buildings and improvements | 218,390 | |||
Carrying amount of land and buildings and improvements, Total | 415,851 | |||
Properties Under Development [Member] | European Markets [Member] | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 10,498 | |||
Costs capitalized subsequent to acquisition | 10,648 | |||
Carrying amount of land | 10,498 | |||
Carrying amount of buildings and improvements | 10,648 | |||
Carrying amount of land and buildings and improvements, Total | 21,146 | |||
Properties Under Development [Member] | European Markets [Member] | Czech Republic [Member] | Prague Airport Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 5,087 | |||
Costs capitalized subsequent to acquisition | 8,737 | |||
Carrying amount of land | 5,087 | |||
Carrying amount of buildings and improvements | 8,737 | |||
Carrying amount of land and buildings and improvements, Total | 13,824 | |||
Properties Under Development [Member] | European Markets [Member] | Czech Republic [Member] | Prague-Jirny Dist. Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 5,411 | |||
Costs capitalized subsequent to acquisition | 1,911 | |||
Carrying amount of land | 5,411 | |||
Carrying amount of buildings and improvements | 1,911 | |||
Carrying amount of land and buildings and improvements, Total | 7,322 | |||
Properties Under Development [Member] | European Markets [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 6,045 | |||
Costs capitalized subsequent to acquisition | 22,256 | |||
Carrying amount of land | 6,045 | |||
Carrying amount of buildings and improvements | 22,256 | |||
Carrying amount of land and buildings and improvements, Total | 28,301 | |||
Properties Under Development [Member] | European Markets [Member] | France [Member] | LG Roissy Sorbiers SAS [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,508 | |||
Costs capitalized subsequent to acquisition | 13,600 | |||
Carrying amount of land | 5,508 | |||
Carrying amount of buildings and improvements | 13,600 | |||
Carrying amount of land and buildings and improvements, Total | 19,108 | |||
Properties Under Development [Member] | European Markets [Member] | France [Member] | Presles Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 537 | |||
Costs capitalized subsequent to acquisition | 8,656 | |||
Carrying amount of land | 537 | |||
Carrying amount of buildings and improvements | 8,656 | |||
Carrying amount of land and buildings and improvements, Total | 9,193 | |||
Properties Under Development [Member] | European Markets [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,411 | |||
Costs capitalized subsequent to acquisition | 1,677 | |||
Carrying amount of land | 3,411 | |||
Carrying amount of buildings and improvements | 1,677 | |||
Carrying amount of land and buildings and improvements, Total | 5,088 | |||
Properties Under Development [Member] | European Markets [Member] | Germany [Member] | Peine Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,411 | |||
Costs capitalized subsequent to acquisition | 1,677 | |||
Carrying amount of land | 3,411 | |||
Carrying amount of buildings and improvements | 1,677 | |||
Carrying amount of land and buildings and improvements, Total | 5,088 | |||
Properties Under Development [Member] | European Markets [Member] | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 12,466 | |||
Costs capitalized subsequent to acquisition | 14,114 | |||
Carrying amount of land | 12,466 | |||
Carrying amount of buildings and improvements | 14,114 | |||
Carrying amount of land and buildings and improvements, Total | 26,580 | |||
Properties Under Development [Member] | European Markets [Member] | Netherlands [Member] | Tilburg Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,381 | |||
Costs capitalized subsequent to acquisition | 4,390 | |||
Carrying amount of land | 5,381 | |||
Carrying amount of buildings and improvements | 4,390 | |||
Carrying amount of land and buildings and improvements, Total | 9,771 | |||
Properties Under Development [Member] | European Markets [Member] | Netherlands [Member] | Venlo Dist Centre [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,085 | |||
Costs capitalized subsequent to acquisition | 9,724 | |||
Carrying amount of land | 7,085 | |||
Carrying amount of buildings and improvements | 9,724 | |||
Carrying amount of land and buildings and improvements, Total | 16,809 | |||
Properties Under Development [Member] | European Markets [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 6,724 | |||
Costs capitalized subsequent to acquisition | 17,701 | |||
Carrying amount of land | 6,724 | |||
Carrying amount of buildings and improvements | 17,701 | |||
Carrying amount of land and buildings and improvements, Total | 24,425 | |||
Properties Under Development [Member] | European Markets [Member] | Poland [Member] | Poland Wroclaw Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,937 | |||
Costs capitalized subsequent to acquisition | 8,290 | |||
Carrying amount of land | 3,937 | |||
Carrying amount of buildings and improvements | 8,290 | |||
Carrying amount of land and buildings and improvements, Total | 12,227 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | European Markets [Member] | Poland [Member] | Poland Wroclaw VDC [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,787 | |||
Costs capitalized subsequent to acquisition | 9,411 | |||
Carrying amount of land | 2,787 | |||
Carrying amount of buildings and improvements | 9,411 | |||
Carrying amount of land and buildings and improvements, Total | 12,198 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | European Markets [Member] | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,919 | |||
Costs capitalized subsequent to acquisition | 8,024 | |||
Carrying amount of land | 1,919 | |||
Carrying amount of buildings and improvements | 8,024 | |||
Carrying amount of land and buildings and improvements, Total | 9,943 | |||
Properties Under Development [Member] | European Markets [Member] | Slovakia [Member] | Bratislava Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,919 | |||
Costs capitalized subsequent to acquisition | 8,024 | |||
Carrying amount of land | 1,919 | |||
Carrying amount of buildings and improvements | 8,024 | |||
Carrying amount of land and buildings and improvements, Total | 9,943 | |||
Properties Under Development [Member] | European Markets [Member] | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,126 | |||
Costs capitalized subsequent to acquisition | 1,263 | |||
Carrying amount of land | 7,126 | |||
Carrying amount of buildings and improvements | 1,263 | |||
Carrying amount of land and buildings and improvements, Total | 8,389 | |||
Properties Under Development [Member] | European Markets [Member] | Spain [Member] | Puerta de Madrid Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,126 | |||
Costs capitalized subsequent to acquisition | 1,263 | |||
Carrying amount of land | 7,126 | |||
Carrying amount of buildings and improvements | 1,263 | |||
Carrying amount of land and buildings and improvements, Total | 8,389 | |||
Properties Under Development [Member] | European Markets [Member] | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,367 | |||
Costs capitalized subsequent to acquisition | 14,390 | |||
Carrying amount of land | 4,367 | |||
Carrying amount of buildings and improvements | 14,390 | |||
Carrying amount of land and buildings and improvements, Total | 18,757 | |||
Properties Under Development [Member] | European Markets [Member] | Sweden [Member] | Gothenburg Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,720 | |||
Costs capitalized subsequent to acquisition | 11,953 | |||
Carrying amount of land | 3,720 | |||
Carrying amount of buildings and improvements | 11,953 | |||
Carrying amount of land and buildings and improvements, Total | 15,673 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | European Markets [Member] | Sweden [Member] | Ljungby Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 647 | |||
Costs capitalized subsequent to acquisition | 2,437 | |||
Carrying amount of land | 647 | |||
Carrying amount of buildings and improvements | 2,437 | |||
Carrying amount of land and buildings and improvements, Total | 3,084 | |||
Properties Under Development [Member] | European Markets [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 9 | |||
Land | 144,905 | |||
Costs capitalized subsequent to acquisition | 128,317 | |||
Carrying amount of land | 144,905 | |||
Carrying amount of buildings and improvements | 128,317 | |||
Carrying amount of land and buildings and improvements, Total | 273,222 | |||
Properties Under Development [Member] | European Markets [Member] | United Kingdom [Member] | Boscombe Road Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 16,206 | |||
Costs capitalized subsequent to acquisition | 14,850 | |||
Carrying amount of land | 16,206 | |||
Carrying amount of buildings and improvements | 14,850 | |||
Carrying amount of land and buildings and improvements, Total | 31,056 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | European Markets [Member] | United Kingdom [Member] | Dirft Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 85,368 | |||
Costs capitalized subsequent to acquisition | 60,515 | |||
Carrying amount of land | 85,368 | |||
Carrying amount of buildings and improvements | 60,515 | |||
Carrying amount of land and buildings and improvements, Total | 145,883 | |||
Properties Under Development [Member] | European Markets [Member] | United Kingdom [Member] | Grange Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 16,797 | |||
Costs capitalized subsequent to acquisition | 14,451 | |||
Carrying amount of land | 16,797 | |||
Carrying amount of buildings and improvements | 14,451 | |||
Carrying amount of land and buildings and improvements, Total | 31,248 | |||
Properties Under Development [Member] | European Markets [Member] | United Kingdom [Member] | Heathrow Phase 3 Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 14,174 | |||
Costs capitalized subsequent to acquisition | 11,409 | |||
Carrying amount of land | 14,174 | |||
Carrying amount of buildings and improvements | 11,409 | |||
Carrying amount of land and buildings and improvements, Total | 25,583 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | European Markets [Member] | United Kingdom [Member] | Littlebrook Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 12,360 | |||
Costs capitalized subsequent to acquisition | 14,817 | |||
Carrying amount of land | 12,360 | |||
Carrying amount of buildings and improvements | 14,817 | |||
Carrying amount of land and buildings and improvements, Total | 27,177 | |||
Properties Under Development [Member] | European Markets [Member] | United Kingdom [Member] | Midpoint Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Costs capitalized subsequent to acquisition | 12,275 | |||
Carrying amount of buildings and improvements | 12,275 | |||
Carrying amount of land and buildings and improvements, Total | 12,275 | |||
Properties Under Development [Member] | North American Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 45 | |||
Land | 248,521 | |||
Costs capitalized subsequent to acquisition | 406,677 | |||
Carrying amount of land | 248,521 | |||
Carrying amount of buildings and improvements | 406,677 | |||
Carrying amount of land and buildings and improvements, Total | 655,198 | |||
Properties Under Development [Member] | North American Markets [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,485 | |||
Costs capitalized subsequent to acquisition | 4,814 | |||
Carrying amount of land | 1,485 | |||
Carrying amount of buildings and improvements | 4,814 | |||
Carrying amount of land and buildings and improvements, Total | 6,299 | |||
Properties Under Development [Member] | North American Markets [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,003 | |||
Costs capitalized subsequent to acquisition | 9,986 | |||
Carrying amount of land | 1,003 | |||
Carrying amount of buildings and improvements | 9,986 | |||
Carrying amount of land and buildings and improvements, Total | 10,989 | |||
Properties Under Development [Member] | North American Markets [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 7,369 | |||
Costs capitalized subsequent to acquisition | 17,464 | |||
Carrying amount of land | 7,369 | |||
Carrying amount of buildings and improvements | 17,464 | |||
Carrying amount of land and buildings and improvements, Total | 24,833 | |||
Properties Under Development [Member] | North American Markets [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 39,205 | |||
Costs capitalized subsequent to acquisition | 44,850 | |||
Carrying amount of land | 39,205 | |||
Carrying amount of buildings and improvements | 44,850 | |||
Carrying amount of land and buildings and improvements, Total | 84,055 | |||
Properties Under Development [Member] | North American Markets [Member] | Southshore Corporate Center [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,003 | |||
Costs capitalized subsequent to acquisition | 9,986 | |||
Carrying amount of land | 1,003 | |||
Carrying amount of buildings and improvements | 9,986 | |||
Carrying amount of land and buildings and improvements, Total | 10,989 | |||
Properties Under Development [Member] | North American Markets [Member] | Beacon Lakes [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 7,369 | |||
Costs capitalized subsequent to acquisition | 17,464 | |||
Carrying amount of land | 7,369 | |||
Carrying amount of buildings and improvements | 17,464 | |||
Carrying amount of land and buildings and improvements, Total | 24,833 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | North American Markets [Member] | CAT - Kaiser Comm Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,851 | |||
Costs capitalized subsequent to acquisition | 2,648 | |||
Carrying amount of land | 4,851 | |||
Carrying amount of buildings and improvements | 2,648 | |||
Carrying amount of land and buildings and improvements, Total | 7,499 | |||
Properties Under Development [Member] | North American Markets [Member] | International Multifoods [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,700 | |||
Costs capitalized subsequent to acquisition | 9,135 | |||
Carrying amount of land | 4,700 | |||
Carrying amount of buildings and improvements | 9,135 | |||
Carrying amount of land and buildings and improvements, Total | 13,835 | |||
Properties Under Development [Member] | North American Markets [Member] | Redlands Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 16,628 | |||
Costs capitalized subsequent to acquisition | 24,565 | |||
Carrying amount of land | 16,628 | |||
Carrying amount of buildings and improvements | 24,565 | |||
Carrying amount of land and buildings and improvements, Total | 41,193 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | North American Markets [Member] | Rialto Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 13,026 | |||
Costs capitalized subsequent to acquisition | 8,502 | |||
Carrying amount of land | 13,026 | |||
Carrying amount of buildings and improvements | 8,502 | |||
Carrying amount of land and buildings and improvements, Total | 21,528 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 45,715 | |||
Costs capitalized subsequent to acquisition | 54,454 | |||
Carrying amount of land | 45,715 | |||
Carrying amount of buildings and improvements | 54,454 | |||
Carrying amount of land and buildings and improvements, Total | 100,169 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | Centro Industrial Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,252 | |||
Costs capitalized subsequent to acquisition | 270 | |||
Carrying amount of land | 1,252 | |||
Carrying amount of buildings and improvements | 270 | |||
Carrying amount of land and buildings and improvements, Total | 1,522 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | El Puente Industrial Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,767 | |||
Costs capitalized subsequent to acquisition | 4,944 | |||
Carrying amount of land | 1,767 | |||
Carrying amount of buildings and improvements | 4,944 | |||
Carrying amount of land and buildings and improvements, Total | 6,711 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | Los Altos Ind Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,586 | |||
Costs capitalized subsequent to acquisition | 8,421 | |||
Carrying amount of land | 2,586 | |||
Carrying amount of buildings and improvements | 8,421 | |||
Carrying amount of land and buildings and improvements, Total | 11,007 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | Monterrey Airport [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 11,917 | |||
Costs capitalized subsequent to acquisition | 12,850 | |||
Carrying amount of land | 11,917 | |||
Carrying amount of buildings and improvements | 12,850 | |||
Carrying amount of land and buildings and improvements, Total | 24,767 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | PDX Corporate Center North/South [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 14,493 | |||
Costs capitalized subsequent to acquisition | 10,850 | |||
Carrying amount of land | 14,493 | |||
Carrying amount of buildings and improvements | 10,850 | |||
Carrying amount of land and buildings and improvements, Total | 25,343 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | Toluca Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,336 | |||
Costs capitalized subsequent to acquisition | 3,492 | |||
Carrying amount of land | 5,336 | |||
Carrying amount of buildings and improvements | 3,492 | |||
Carrying amount of land and buildings and improvements, Total | 8,828 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | Tres Rios [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 8,364 | |||
Costs capitalized subsequent to acquisition | 13,627 | |||
Carrying amount of land | 8,364 | |||
Carrying amount of buildings and improvements | 13,627 | |||
Carrying amount of land and buildings and improvements, Total | 21,991 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | North American Markets [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 34,877 | |||
Costs capitalized subsequent to acquisition | 32,884 | |||
Carrying amount of land | 34,877 | |||
Carrying amount of buildings and improvements | 32,884 | |||
Carrying amount of land and buildings and improvements, Total | 67,761 | |||
Properties Under Development [Member] | North American Markets [Member] | Canada [Member] | Meadowvale Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 21,456 | |||
Costs capitalized subsequent to acquisition | 28,624 | |||
Carrying amount of land | 21,456 | |||
Carrying amount of buildings and improvements | 28,624 | |||
Carrying amount of land and buildings and improvements, Total | 50,080 | |||
Date of Construction/ Acquisition | 2014 | |||
Properties Under Development [Member] | North American Markets [Member] | Canada [Member] | Milton 402 Bus Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 10,311 | |||
Costs capitalized subsequent to acquisition | 33 | |||
Carrying amount of land | 10,311 | |||
Carrying amount of buildings and improvements | 33 | |||
Carrying amount of land and buildings and improvements, Total | 10,344 | |||
Properties Under Development [Member] | North American Markets [Member] | Canada [Member] | Tapscott Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,110 | |||
Costs capitalized subsequent to acquisition | 4,227 | |||
Carrying amount of land | 3,110 | |||
Carrying amount of buildings and improvements | 4,227 | |||
Carrying amount of land and buildings and improvements, Total | 7,337 | |||
Properties Under Development [Member] | Total Development Portfolio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 79 | |||
Land | 592,397 | |||
Costs capitalized subsequent to acquisition | 881,583 | |||
Carrying amount of land | 592,397 | |||
Carrying amount of buildings and improvements | 881,583 | |||
Carrying amount of land and buildings and improvements, Total | 1,473,980 | |||
Industrial Operating Properties [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1,607 | |||
Land | 4,115,018 | |||
Building and improvements | 11,903,743 | |||
Costs capitalized subsequent to acquisition | 2,616,691 | |||
Carrying amount of land | 4,227,637 | |||
Carrying amount of buildings and improvements | 14,407,815 | |||
Carrying amount of land and buildings and improvements, Total | 18,635,452 | |||
Accumulated Depreciation | -2,748,835 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 17 | |||
Land | 51,130 | |||
Building and improvements | 247,441 | |||
Costs capitalized subsequent to acquisition | 101,429 | |||
Carrying amount of land | 58,133 | |||
Carrying amount of buildings and improvements | 341,867 | |||
Carrying amount of land and buildings and improvements, Total | 400,000 | |||
Accumulated Depreciation | -53,170 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 35,573 | |||
Building and improvements | 60,785 | |||
Costs capitalized subsequent to acquisition | 83,799 | |||
Carrying amount of land | 43,085 | |||
Carrying amount of buildings and improvements | 137,072 | |||
Carrying amount of land and buildings and improvements, Total | 180,157 | |||
Accumulated Depreciation | -22,601 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Japan [Member] | ProLogis Park Aichi Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 18,428 | |||
Costs capitalized subsequent to acquisition | 74,195 | |||
Carrying amount of land | 24,691 | |||
Carrying amount of buildings and improvements | 67,932 | |||
Carrying amount of land and buildings and improvements, Total | 92,623 | |||
Accumulated Depreciation | -12,927 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Japan [Member] | ProLogis Park Narita III [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 17,145 | |||
Building and improvements | 60,785 | |||
Costs capitalized subsequent to acquisition | 9,604 | |||
Carrying amount of land | 18,394 | |||
Carrying amount of buildings and improvements | 69,140 | |||
Carrying amount of land and buildings and improvements, Total | 87,534 | |||
Accumulated Depreciation | -9,674 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 15,557 | |||
Building and improvements | 48,905 | |||
Costs capitalized subsequent to acquisition | 15,078 | |||
Carrying amount of land | 15,048 | |||
Carrying amount of buildings and improvements | 64,492 | |||
Carrying amount of land and buildings and improvements, Total | 79,540 | |||
Accumulated Depreciation | -7,749 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | China [Member] | Dalian Ind. Park Dc [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,538 | |||
Building and improvements | 14,543 | |||
Costs capitalized subsequent to acquisition | 108 | |||
Carrying amount of land | 2,443 | |||
Carrying amount of buildings and improvements | 14,746 | |||
Carrying amount of land and buildings and improvements, Total | 17,189 | |||
Accumulated Depreciation | -1,468 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | China [Member] | Fengxian Logistics C [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Building and improvements | 13,773 | |||
Costs capitalized subsequent to acquisition | 624 | |||
Carrying amount of buildings and improvements | 14,397 | |||
Carrying amount of land and buildings and improvements, Total | 14,397 | |||
Accumulated Depreciation | -3,566 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | China [Member] | Jiaxing Distri Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 11,454 | |||
Building and improvements | 11,104 | |||
Costs capitalized subsequent to acquisition | 14,288 | |||
Carrying amount of land | 11,103 | |||
Carrying amount of buildings and improvements | 25,743 | |||
Carrying amount of land and buildings and improvements, Total | 36,846 | |||
Accumulated Depreciation | -1,625 | |||
Date of Construction/ Acquisition | 2011, 2013 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | China [Member] | Tianjin Bonded LP [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,565 | |||
Building and improvements | 9,485 | |||
Costs capitalized subsequent to acquisition | 58 | |||
Carrying amount of land | 1,502 | |||
Carrying amount of buildings and improvements | 9,606 | |||
Carrying amount of land and buildings and improvements, Total | 11,108 | |||
Accumulated Depreciation | -1,090 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Building and improvements | 137,751 | |||
Costs capitalized subsequent to acquisition | 2,552 | |||
Carrying amount of buildings and improvements | 140,303 | |||
Carrying amount of land and buildings and improvements, Total | 140,303 | |||
Accumulated Depreciation | -22,820 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | Airport Logistics Center 3 [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 25,736 | |||
Costs capitalized subsequent to acquisition | 121 | |||
Carrying amount of buildings and improvements | 25,857 | |||
Carrying amount of land and buildings and improvements, Total | 25,857 | |||
Accumulated Depreciation | -4,124 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | Changi South Distr Ctr 1 [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 41,942 | |||
Costs capitalized subsequent to acquisition | 113 | |||
Carrying amount of buildings and improvements | 42,055 | |||
Carrying amount of land and buildings and improvements, Total | 42,055 | |||
Accumulated Depreciation | -6,144 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | Changi-North DC 1 [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 13,877 | |||
Costs capitalized subsequent to acquisition | 1,844 | |||
Carrying amount of buildings and improvements | 15,721 | |||
Carrying amount of land and buildings and improvements, Total | 15,721 | |||
Accumulated Depreciation | -2,108 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | Singapore Airport Logist Ctr 2 [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 37,267 | |||
Costs capitalized subsequent to acquisition | 201 | |||
Carrying amount of buildings and improvements | 37,468 | |||
Carrying amount of land and buildings and improvements, Total | 37,468 | |||
Accumulated Depreciation | -5,983 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | Tuas Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 18,929 | |||
Costs capitalized subsequent to acquisition | 273 | |||
Carrying amount of buildings and improvements | 19,202 | |||
Carrying amount of land and buildings and improvements, Total | 19,202 | |||
Accumulated Depreciation | -4,461 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 48 | |||
Land | 160,182 | |||
Building and improvements | 292,390 | |||
Costs capitalized subsequent to acquisition | 198,895 | |||
Carrying amount of land | 165,109 | |||
Carrying amount of buildings and improvements | 486,358 | |||
Carrying amount of land and buildings and improvements, Total | 651,467 | |||
Accumulated Depreciation | -64,392 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,701 | |||
Costs capitalized subsequent to acquisition | 17,441 | |||
Carrying amount of land | 2,701 | |||
Carrying amount of buildings and improvements | 17,441 | |||
Carrying amount of land and buildings and improvements, Total | 20,142 | |||
Accumulated Depreciation | -3,517 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Czech Republic [Member] | Uzice Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,701 | |||
Costs capitalized subsequent to acquisition | 17,441 | |||
Carrying amount of land | 2,701 | |||
Carrying amount of buildings and improvements | 17,441 | |||
Carrying amount of land and buildings and improvements, Total | 20,142 | |||
Accumulated Depreciation | -3,517 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 20,983 | |||
Building and improvements | 35,718 | |||
Costs capitalized subsequent to acquisition | 41,094 | |||
Carrying amount of land | 22,090 | |||
Carrying amount of buildings and improvements | 75,705 | |||
Carrying amount of land and buildings and improvements, Total | 97,795 | |||
Accumulated Depreciation | -9,377 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | Bonneuil Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Costs capitalized subsequent to acquisition | 16,587 | |||
Carrying amount of buildings and improvements | 16,587 | |||
Carrying amount of land and buildings and improvements, Total | 16,587 | |||
Accumulated Depreciation | -3,852 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | Isle d'Abeau Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,175 | |||
Building and improvements | 14,247 | |||
Costs capitalized subsequent to acquisition | 3,428 | |||
Carrying amount of land | 4,332 | |||
Carrying amount of buildings and improvements | 16,518 | |||
Carrying amount of land and buildings and improvements, Total | 20,850 | |||
Accumulated Depreciation | -2,493 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | LGR Genevill. 1 SAS [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,237 | |||
Building and improvements | 2,427 | |||
Costs capitalized subsequent to acquisition | 817 | |||
Carrying amount of land | 2,237 | |||
Carrying amount of buildings and improvements | 3,244 | |||
Carrying amount of land and buildings and improvements, Total | 5,481 | |||
Accumulated Depreciation | -326 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | LGR Genevill. 2 SAS [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,720 | |||
Building and improvements | 3,564 | |||
Costs capitalized subsequent to acquisition | 41 | |||
Carrying amount of land | 1,720 | |||
Carrying amount of buildings and improvements | 3,605 | |||
Carrying amount of land and buildings and improvements, Total | 5,325 | |||
Accumulated Depreciation | -349 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | Moissy II Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,551 | |||
Costs capitalized subsequent to acquisition | 7,454 | |||
Carrying amount of land | 5,501 | |||
Carrying amount of buildings and improvements | 7,504 | |||
Carrying amount of land and buildings and improvements, Total | 13,005 | |||
Accumulated Depreciation | -93 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | Port of Rouen [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 15,480 | |||
Costs capitalized subsequent to acquisition | 88 | |||
Carrying amount of buildings and improvements | 15,568 | |||
Carrying amount of land and buildings and improvements, Total | 15,568 | |||
Accumulated Depreciation | -2,054 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | France [Member] | Vemars Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 8,300 | |||
Costs capitalized subsequent to acquisition | 12,679 | |||
Carrying amount of land | 8,300 | |||
Carrying amount of buildings and improvements | 12,679 | |||
Carrying amount of land and buildings and improvements, Total | 20,979 | |||
Accumulated Depreciation | -210 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 20,602 | |||
Building and improvements | 35,628 | |||
Costs capitalized subsequent to acquisition | 9,458 | |||
Carrying amount of land | 20,127 | |||
Carrying amount of buildings and improvements | 45,561 | |||
Carrying amount of land and buildings and improvements, Total | 65,688 | |||
Accumulated Depreciation | -6,142 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | Hausbruch Ind Ctr 4-B [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 8,294 | |||
Building and improvements | 5,395 | |||
Costs capitalized subsequent to acquisition | 130 | |||
Carrying amount of land | 8,294 | |||
Carrying amount of buildings and improvements | 5,525 | |||
Carrying amount of land and buildings and improvements, Total | 13,819 | |||
Accumulated Depreciation | -1,571 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | Hausbruch Ind Ctr 5-650 [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,986 | |||
Building and improvements | 460 | |||
Costs capitalized subsequent to acquisition | 244 | |||
Carrying amount of land | 2,986 | |||
Carrying amount of buildings and improvements | 704 | |||
Carrying amount of land and buildings and improvements, Total | 3,690 | |||
Accumulated Depreciation | -120 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | Huenxe Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,062 | |||
Costs capitalized subsequent to acquisition | 9,220 | |||
Carrying amount of land | 1,587 | |||
Carrying amount of buildings and improvements | 9,695 | |||
Carrying amount of land and buildings and improvements, Total | 11,282 | |||
Accumulated Depreciation | -572 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | Kolleda Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 257 | |||
Building and improvements | 3,974 | |||
Costs capitalized subsequent to acquisition | -318 | |||
Carrying amount of land | 257 | |||
Carrying amount of buildings and improvements | 3,656 | |||
Carrying amount of land and buildings and improvements, Total | 3,913 | |||
Accumulated Depreciation | -514 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | Lauenau Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,784 | |||
Building and improvements | 6,197 | |||
Costs capitalized subsequent to acquisition | 296 | |||
Carrying amount of land | 2,784 | |||
Carrying amount of buildings and improvements | 6,493 | |||
Carrying amount of land and buildings and improvements, Total | 9,277 | |||
Accumulated Depreciation | -819 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | Meerane Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 686 | |||
Building and improvements | 5,274 | |||
Costs capitalized subsequent to acquisition | -242 | |||
Carrying amount of land | 686 | |||
Carrying amount of buildings and improvements | 5,032 | |||
Carrying amount of land and buildings and improvements, Total | 5,718 | |||
Accumulated Depreciation | -670 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Germany [Member] | Muggensturm [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,533 | |||
Building and improvements | 14,328 | |||
Costs capitalized subsequent to acquisition | 128 | |||
Carrying amount of land | 3,533 | |||
Carrying amount of buildings and improvements | 14,456 | |||
Carrying amount of land and buildings and improvements, Total | 17,989 | |||
Accumulated Depreciation | -1,876 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 16,669 | |||
Building and improvements | 29,536 | |||
Costs capitalized subsequent to acquisition | 53,126 | |||
Carrying amount of land | 17,892 | |||
Carrying amount of buildings and improvements | 81,439 | |||
Carrying amount of land and buildings and improvements, Total | 99,331 | |||
Accumulated Depreciation | -7,977 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Poland [Member] | Nadarzyn Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,511 | |||
Costs capitalized subsequent to acquisition | 7,733 | |||
Carrying amount of land | 2,508 | |||
Carrying amount of buildings and improvements | 7,736 | |||
Carrying amount of land and buildings and improvements, Total | 10,244 | |||
Accumulated Depreciation | -1,138 | |||
Date of Construction/ Acquisition | 2009 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Poland [Member] | Piotrkow II Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,633 | |||
Costs capitalized subsequent to acquisition | 5,564 | |||
Carrying amount of land | 1,590 | |||
Carrying amount of buildings and improvements | 5,607 | |||
Carrying amount of land and buildings and improvements, Total | 7,197 | |||
Accumulated Depreciation | -947 | |||
Date of Construction/ Acquisition | 2009 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Poland [Member] | Sochaczew Distribution Center. [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 133 | |||
Building and improvements | 11,797 | |||
Costs capitalized subsequent to acquisition | 1,997 | |||
Carrying amount of land | 773 | |||
Carrying amount of buildings and improvements | 13,154 | |||
Carrying amount of land and buildings and improvements, Total | 13,927 | |||
Accumulated Depreciation | -2,430 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Poland [Member] | Szczecin Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 310 | |||
Costs capitalized subsequent to acquisition | 4,419 | |||
Carrying amount of land | 310 | |||
Carrying amount of buildings and improvements | 4,419 | |||
Carrying amount of land and buildings and improvements, Total | 4,729 | |||
Accumulated Depreciation | -32 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Poland [Member] | Teresin Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,395 | |||
Building and improvements | 17,739 | |||
Costs capitalized subsequent to acquisition | 951 | |||
Carrying amount of land | 4,024 | |||
Carrying amount of buildings and improvements | 18,061 | |||
Carrying amount of land and buildings and improvements, Total | 22,085 | |||
Accumulated Depreciation | -2,486 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Poland [Member] | Wroclaw V DC [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 8,687 | |||
Costs capitalized subsequent to acquisition | 32,462 | |||
Carrying amount of land | 8,687 | |||
Carrying amount of buildings and improvements | 32,462 | |||
Carrying amount of land and buildings and improvements, Total | 41,149 | |||
Accumulated Depreciation | -944 | |||
Date of Construction/ Acquisition | 2013, 2014 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,817 | |||
Costs capitalized subsequent to acquisition | 23,979 | |||
Carrying amount of land | 4,817 | |||
Carrying amount of buildings and improvements | 23,979 | |||
Carrying amount of land and buildings and improvements, Total | 28,796 | |||
Accumulated Depreciation | -2,137 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Slovakia [Member] | Bratislava Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,393 | |||
Costs capitalized subsequent to acquisition | 10,840 | |||
Carrying amount of land | 2,393 | |||
Carrying amount of buildings and improvements | 10,840 | |||
Carrying amount of land and buildings and improvements, Total | 13,233 | |||
Accumulated Depreciation | -346 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Slovakia [Member] | Sered Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,424 | |||
Costs capitalized subsequent to acquisition | 13,139 | |||
Carrying amount of land | 2,424 | |||
Carrying amount of buildings and improvements | 13,139 | |||
Carrying amount of land and buildings and improvements, Total | 15,563 | |||
Accumulated Depreciation | -1,791 | |||
Date of Construction/ Acquisition | 2009 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Building and improvements | 39,276 | |||
Costs capitalized subsequent to acquisition | 937 | |||
Carrying amount of buildings and improvements | 40,213 | |||
Carrying amount of land and buildings and improvements, Total | 40,213 | |||
Accumulated Depreciation | -5,759 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Spain [Member] | Barajas MAD Logistics [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Building and improvements | 39,276 | |||
Costs capitalized subsequent to acquisition | 937 | |||
Carrying amount of buildings and improvements | 40,213 | |||
Carrying amount of land and buildings and improvements, Total | 40,213 | |||
Accumulated Depreciation | -5,759 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,064 | |||
Building and improvements | 22,004 | |||
Costs capitalized subsequent to acquisition | 2,196 | |||
Carrying amount of land | 10,064 | |||
Carrying amount of buildings and improvements | 24,200 | |||
Carrying amount of land and buildings and improvements, Total | 34,264 | |||
Accumulated Depreciation | -4,551 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Sweden [Member] | Orebro Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,064 | |||
Building and improvements | 22,004 | |||
Costs capitalized subsequent to acquisition | 2,196 | |||
Carrying amount of land | 10,064 | |||
Carrying amount of buildings and improvements | 24,200 | |||
Carrying amount of land and buildings and improvements, Total | 34,264 | |||
Accumulated Depreciation | -4,551 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 33,893 | |||
Building and improvements | 19,538 | |||
Costs capitalized subsequent to acquisition | 26,394 | |||
Carrying amount of land | 35,166 | |||
Carrying amount of buildings and improvements | 44,659 | |||
Carrying amount of land and buildings and improvements, Total | 79,825 | |||
Accumulated Depreciation | -5,606 | |||
Industrial Operating Properties [Member] | European Markets [Member] | United Kingdom [Member] | Midpoint Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 31,375 | |||
Building and improvements | 12,061 | |||
Costs capitalized subsequent to acquisition | 19,207 | |||
Carrying amount of land | 31,407 | |||
Carrying amount of buildings and improvements | 31,236 | |||
Carrying amount of land and buildings and improvements, Total | 62,643 | |||
Accumulated Depreciation | -1,972 | |||
Date of Construction/ Acquisition | 2008, 2013 | |||
Industrial Operating Properties [Member] | European Markets [Member] | United Kingdom [Member] | North Kettering Bus Pk [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,518 | |||
Building and improvements | 7,477 | |||
Costs capitalized subsequent to acquisition | 7,187 | |||
Carrying amount of land | 3,759 | |||
Carrying amount of buildings and improvements | 13,423 | |||
Carrying amount of land and buildings and improvements, Total | 17,182 | |||
Accumulated Depreciation | -3,634 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Romania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 7,007 | |||
Building and improvements | 30,630 | |||
Costs capitalized subsequent to acquisition | 11,642 | |||
Carrying amount of land | 8,758 | |||
Carrying amount of buildings and improvements | 40,521 | |||
Carrying amount of land and buildings and improvements, Total | 49,279 | |||
Accumulated Depreciation | -7,729 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Romania [Member] | Bucharest Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 7,007 | |||
Building and improvements | 30,630 | |||
Costs capitalized subsequent to acquisition | 11,642 | |||
Carrying amount of land | 8,758 | |||
Carrying amount of buildings and improvements | 40,521 | |||
Carrying amount of land and buildings and improvements, Total | 49,279 | |||
Accumulated Depreciation | -7,729 | |||
Date of Construction/ Acquisition | 2007, 2008 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Austria [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,714 | |||
Costs capitalized subsequent to acquisition | 5,872 | |||
Carrying amount of land | 3,724 | |||
Carrying amount of buildings and improvements | 5,862 | |||
Carrying amount of land and buildings and improvements, Total | 9,586 | |||
Accumulated Depreciation | -571 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Austria [Member] | Himberg D C [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,714 | |||
Costs capitalized subsequent to acquisition | 5,872 | |||
Carrying amount of land | 3,724 | |||
Carrying amount of buildings and improvements | 5,862 | |||
Carrying amount of land and buildings and improvements, Total | 9,586 | |||
Accumulated Depreciation | -571 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Belgium [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 13,672 | |||
Building and improvements | 18,478 | |||
Costs capitalized subsequent to acquisition | 81 | |||
Carrying amount of land | 13,672 | |||
Carrying amount of buildings and improvements | 18,559 | |||
Carrying amount of land and buildings and improvements, Total | 32,231 | |||
Accumulated Depreciation | -2,090 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Belgium [Member] | Boom Distribution Ct [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 13,672 | |||
Building and improvements | 18,478 | |||
Costs capitalized subsequent to acquisition | 81 | |||
Carrying amount of land | 13,672 | |||
Carrying amount of buildings and improvements | 18,559 | |||
Carrying amount of land and buildings and improvements, Total | 32,231 | |||
Accumulated Depreciation | -2,090 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Hungary [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,361 | |||
Building and improvements | 8,768 | |||
Costs capitalized subsequent to acquisition | 5,588 | |||
Carrying amount of land | 3,399 | |||
Carrying amount of buildings and improvements | 14,318 | |||
Carrying amount of land and buildings and improvements, Total | 17,717 | |||
Accumulated Depreciation | -1,125 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Hungary [Member] | Budapest-Sziget Dist. Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,361 | |||
Building and improvements | 8,768 | |||
Costs capitalized subsequent to acquisition | 5,588 | |||
Carrying amount of land | 3,399 | |||
Carrying amount of buildings and improvements | 14,318 | |||
Carrying amount of land and buildings and improvements, Total | 17,717 | |||
Accumulated Depreciation | -1,125 | |||
Date of Construction/ Acquisition | 2008, 2014 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 22,699 | |||
Building and improvements | 52,814 | |||
Costs capitalized subsequent to acquisition | 1,087 | |||
Carrying amount of land | 22,699 | |||
Carrying amount of buildings and improvements | 53,901 | |||
Carrying amount of land and buildings and improvements, Total | 76,600 | |||
Accumulated Depreciation | -7,811 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Italy [Member] | Arena Po Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 8,275 | |||
Building and improvements | 22,399 | |||
Costs capitalized subsequent to acquisition | 103 | |||
Carrying amount of land | 8,275 | |||
Carrying amount of buildings and improvements | 22,502 | |||
Carrying amount of land and buildings and improvements, Total | 30,777 | |||
Accumulated Depreciation | -3,939 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Italy [Member] | Castel San Giovanni Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,439 | |||
Building and improvements | 10,501 | |||
Costs capitalized subsequent to acquisition | 146 | |||
Carrying amount of land | 3,439 | |||
Carrying amount of buildings and improvements | 10,647 | |||
Carrying amount of land and buildings and improvements, Total | 14,086 | |||
Accumulated Depreciation | -1,460 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | European Markets [Member] | Italy [Member] | Siziano Logis Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,985 | |||
Building and improvements | 19,914 | |||
Costs capitalized subsequent to acquisition | 838 | |||
Carrying amount of land | 10,985 | |||
Carrying amount of buildings and improvements | 20,752 | |||
Carrying amount of land and buildings and improvements, Total | 31,737 | |||
Accumulated Depreciation | -2,412 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1,542 | |||
Land | 3,903,076 | |||
Building and improvements | 11,363,912 | |||
Costs capitalized subsequent to acquisition | 2,316,367 | |||
Carrying amount of land | 4,004,395 | |||
Carrying amount of buildings and improvements | 13,579,590 | |||
Carrying amount of land and buildings and improvements, Total | 17,583,985 | |||
Accumulated Depreciation | -2,631,273 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mexico [Member] | Guadalajara [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 730 | |||
Building and improvements | 2,287 | |||
Costs capitalized subsequent to acquisition | 1,362 | |||
Carrying amount of land | 730 | |||
Carrying amount of buildings and improvements | 3,649 | |||
Carrying amount of land and buildings and improvements, Total | 4,379 | |||
Accumulated Depreciation | -504 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mexico [Member] | Mexico City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 9,106 | |||
Costs capitalized subsequent to acquisition | 15,795 | |||
Carrying amount of land | 9,106 | |||
Carrying amount of buildings and improvements | 15,795 | |||
Carrying amount of land and buildings and improvements, Total | 24,901 | |||
Accumulated Depreciation | -137 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mexico [Member] | Parque Opcion [Member] | Guadalajara [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 730 | |||
Building and improvements | 2,287 | |||
Costs capitalized subsequent to acquisition | 1,362 | |||
Carrying amount of land | 730 | |||
Carrying amount of buildings and improvements | 3,649 | |||
Carrying amount of land and buildings and improvements, Total | 4,379 | |||
Accumulated Depreciation | -504 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mexico [Member] | Puente Grande Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 9,106 | |||
Costs capitalized subsequent to acquisition | 15,795 | |||
Carrying amount of land | 9,106 | |||
Carrying amount of buildings and improvements | 15,795 | |||
Carrying amount of land and buildings and improvements, Total | 24,901 | |||
Accumulated Depreciation | -137 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 21 | |||
Land | 168,291 | |||
Building and improvements | 413,333 | |||
Costs capitalized subsequent to acquisition | 61,104 | |||
Carrying amount of land | 173,307 | |||
Carrying amount of buildings and improvements | 469,421 | |||
Carrying amount of land and buildings and improvements, Total | 642,728 | |||
Accumulated Depreciation | -35,447 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Meadowvale Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 14,647 | |||
Costs capitalized subsequent to acquisition | 21,297 | |||
Carrying amount of land | 15,027 | |||
Carrying amount of buildings and improvements | 20,917 | |||
Carrying amount of land and buildings and improvements, Total | 35,944 | |||
Accumulated Depreciation | -135 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Milton 402 Bus Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 11,044 | |||
Building and improvements | 37,861 | |||
Costs capitalized subsequent to acquisition | 868 | |||
Carrying amount of land | 11,416 | |||
Carrying amount of buildings and improvements | 38,357 | |||
Carrying amount of land and buildings and improvements, Total | 49,773 | |||
Accumulated Depreciation | -2,412 | |||
Date of Construction/ Acquisition | 2011, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Airport Rd. Dist Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 26,084 | |||
Building and improvements | 73,382 | |||
Costs capitalized subsequent to acquisition | 2,343 | |||
Carrying amount of land | 27,262 | |||
Carrying amount of buildings and improvements | 74,547 | |||
Carrying amount of land and buildings and improvements, Total | 101,809 | |||
Accumulated Depreciation | -7,860 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Annagem Dist. Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,518 | |||
Building and improvements | 12,035 | |||
Costs capitalized subsequent to acquisition | 850 | |||
Carrying amount of land | 3,677 | |||
Carrying amount of buildings and improvements | 12,726 | |||
Carrying amount of land and buildings and improvements, Total | 16,403 | |||
Accumulated Depreciation | -1,394 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Annagem Distrib Centre II [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,981 | |||
Building and improvements | 5,076 | |||
Costs capitalized subsequent to acquisition | 873 | |||
Carrying amount of land | 2,070 | |||
Carrying amount of buildings and improvements | 5,860 | |||
Carrying amount of land and buildings and improvements, Total | 7,930 | |||
Accumulated Depreciation | -708 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Bolton Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,973 | |||
Costs capitalized subsequent to acquisition | 24,803 | |||
Carrying amount of land | 8,333 | |||
Carrying amount of buildings and improvements | 24,443 | |||
Carrying amount of land and buildings and improvements, Total | 32,776 | |||
Accumulated Depreciation | -2,890 | |||
Date of Construction/ Acquisition | 2009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Keele Distribution Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,239 | |||
Building and improvements | 4,972 | |||
Costs capitalized subsequent to acquisition | 529 | |||
Carrying amount of land | 1,295 | |||
Carrying amount of buildings and improvements | 5,445 | |||
Carrying amount of land and buildings and improvements, Total | 6,740 | |||
Accumulated Depreciation | -823 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Millcreek Distribution Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 8,630 | |||
Building and improvements | 32,829 | |||
Costs capitalized subsequent to acquisition | 688 | |||
Carrying amount of land | 9,020 | |||
Carrying amount of buildings and improvements | 33,127 | |||
Carrying amount of land and buildings and improvements, Total | 42,147 | |||
Accumulated Depreciation | -3,612 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Milton 401 Bus. Park [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,733 | |||
Building and improvements | 22,057 | |||
Costs capitalized subsequent to acquisition | 3,087 | |||
Carrying amount of land | 7,036 | |||
Carrying amount of buildings and improvements | 24,841 | |||
Carrying amount of land and buildings and improvements, Total | 31,877 | |||
Accumulated Depreciation | -2,985 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Milton Crossings Bus Pk [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 19,664 | |||
Building and improvements | 47,864 | |||
Costs capitalized subsequent to acquisition | 3,555 | |||
Carrying amount of land | 20,551 | |||
Carrying amount of buildings and improvements | 50,532 | |||
Carrying amount of land and buildings and improvements, Total | 71,083 | |||
Accumulated Depreciation | -5,415 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Mississauga Gateway Center [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 54,233 | |||
Building and improvements | 132,288 | |||
Costs capitalized subsequent to acquisition | 830 | |||
Carrying amount of land | 54,509 | |||
Carrying amount of buildings and improvements | 132,842 | |||
Carrying amount of land and buildings and improvements, Total | 187,351 | |||
Accumulated Depreciation | -2,398 | |||
Date of Construction/ Acquisition | 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canada [Member] | Pearson Logist. Ctr [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 12,545 | |||
Building and improvements | 44,969 | |||
Costs capitalized subsequent to acquisition | 1,381 | |||
Carrying amount of land | 13,111 | |||
Carrying amount of buildings and improvements | 45,784 | |||
Carrying amount of land and buildings and improvements, Total | 58,895 | |||
Accumulated Depreciation | -4,815 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 80 | |||
Land | 80,097 | |||
Building and improvements | 292,940 | |||
Costs capitalized subsequent to acquisition | 122,340 | |||
Carrying amount of land | 80,920 | |||
Carrying amount of buildings and improvements | 414,457 | |||
Carrying amount of land and buildings and improvements, Total | 495,377 | |||
Accumulated Depreciation | -112,117 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Boston, Massachusetts [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 11,180 | |||
Building and improvements | 25,975 | |||
Costs capitalized subsequent to acquisition | -238 | |||
Carrying amount of land | 11,810 | |||
Carrying amount of buildings and improvements | 25,737 | |||
Carrying amount of land and buildings and improvements, Total | 37,547 | |||
Accumulated Depreciation | -5,254 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 30 | |||
Land | 183,550 | |||
Building and improvements | 639,079 | |||
Costs capitalized subsequent to acquisition | 104,623 | |||
Carrying amount of land | 185,890 | |||
Carrying amount of buildings and improvements | 741,362 | |||
Carrying amount of land and buildings and improvements, Total | 927,252 | |||
Accumulated Depreciation | -61,267 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 161 | |||
Land | 302,344 | |||
Building and improvements | 1,101,341 | |||
Costs capitalized subsequent to acquisition | 224,297 | |||
Carrying amount of land | 315,104 | |||
Carrying amount of buildings and improvements | 1,312,878 | |||
Carrying amount of land and buildings and improvements, Total | 1,627,982 | |||
Accumulated Depreciation | -345,376 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 27 | |||
Land | 40,295 | |||
Building and improvements | 171,425 | |||
Costs capitalized subsequent to acquisition | 85,600 | |||
Carrying amount of land | 40,732 | |||
Carrying amount of buildings and improvements | 256,588 | |||
Carrying amount of land and buildings and improvements, Total | 297,320 | |||
Accumulated Depreciation | -55,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 115 | |||
Land | 151,611 | |||
Building and improvements | 627,282 | |||
Costs capitalized subsequent to acquisition | 203,791 | |||
Carrying amount of land | 151,675 | |||
Carrying amount of buildings and improvements | 831,009 | |||
Carrying amount of land and buildings and improvements, Total | 982,684 | |||
Accumulated Depreciation | -175,419 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 27 | |||
Land | 49,184 | |||
Building and improvements | 203,845 | |||
Costs capitalized subsequent to acquisition | 19,389 | |||
Carrying amount of land | 49,211 | |||
Carrying amount of buildings and improvements | 223,207 | |||
Carrying amount of land and buildings and improvements, Total | 272,418 | |||
Accumulated Depreciation | -59,738 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | El Paso, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 3,055 | |||
Building and improvements | 15,060 | |||
Costs capitalized subsequent to acquisition | 7,914 | |||
Carrying amount of land | 3,485 | |||
Carrying amount of buildings and improvements | 22,544 | |||
Carrying amount of land and buildings and improvements, Total | 26,029 | |||
Accumulated Depreciation | -4,718 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 75 | |||
Land | 71,893 | |||
Building and improvements | 316,170 | |||
Costs capitalized subsequent to acquisition | 73,694 | |||
Carrying amount of land | 72,032 | |||
Carrying amount of buildings and improvements | 389,725 | |||
Carrying amount of land and buildings and improvements, Total | 461,757 | |||
Accumulated Depreciation | -90,675 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 19 | |||
Land | 34,379 | |||
Building and improvements | 148,642 | |||
Costs capitalized subsequent to acquisition | 17,441 | |||
Carrying amount of land | 34,477 | |||
Carrying amount of buildings and improvements | 165,985 | |||
Carrying amount of land and buildings and improvements, Total | 200,462 | |||
Accumulated Depreciation | -26,162 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 14 | |||
Land | 30,870 | |||
Building and improvements | 124,406 | |||
Costs capitalized subsequent to acquisition | 29,539 | |||
Carrying amount of land | 30,754 | |||
Carrying amount of buildings and improvements | 154,061 | |||
Carrying amount of land and buildings and improvements, Total | 184,815 | |||
Accumulated Depreciation | -27,283 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 32 | |||
Land | 46,596 | |||
Building and improvements | 164,906 | |||
Costs capitalized subsequent to acquisition | 23,275 | |||
Carrying amount of land | 46,596 | |||
Carrying amount of buildings and improvements | 188,181 | |||
Carrying amount of land and buildings and improvements, Total | 234,777 | |||
Accumulated Depreciation | -32,814 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 17 | |||
Land | 33,306 | |||
Building and improvements | 116,173 | |||
Costs capitalized subsequent to acquisition | 1,922 | |||
Carrying amount of land | 33,364 | |||
Carrying amount of buildings and improvements | 118,037 | |||
Carrying amount of land and buildings and improvements, Total | 151,401 | |||
Accumulated Depreciation | -9,961 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 70 | |||
Land | 178,955 | |||
Building and improvements | 518,776 | |||
Costs capitalized subsequent to acquisition | 76,124 | |||
Carrying amount of land | 181,106 | |||
Carrying amount of buildings and improvements | 592,749 | |||
Carrying amount of land and buildings and improvements, Total | 773,855 | |||
Accumulated Depreciation | -84,154 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 236 | |||
Land | 1,353,384 | |||
Building and improvements | 2,485,362 | |||
Costs capitalized subsequent to acquisition | 384,521 | |||
Carrying amount of land | 1,416,273 | |||
Carrying amount of buildings and improvements | 2,806,994 | |||
Carrying amount of land and buildings and improvements, Total | 4,223,267 | |||
Accumulated Depreciation | -509,210 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | St Louis Missouri [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 2,464 | |||
Building and improvements | 13,562 | |||
Costs capitalized subsequent to acquisition | 4,484 | |||
Carrying amount of land | 2,464 | |||
Carrying amount of buildings and improvements | 18,046 | |||
Carrying amount of land and buildings and improvements, Total | 20,510 | |||
Accumulated Depreciation | -6,165 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 181 | |||
Land | 295,070 | |||
Building and improvements | 1,061,327 | |||
Costs capitalized subsequent to acquisition | 141,620 | |||
Carrying amount of land | 295,330 | |||
Carrying amount of buildings and improvements | 1,202,687 | |||
Carrying amount of land and buildings and improvements, Total | 1,498,017 | |||
Accumulated Depreciation | -344,107 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Savannah, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,161 | |||
Building and improvements | 14,680 | |||
Costs capitalized subsequent to acquisition | 1,234 | |||
Carrying amount of land | 2,161 | |||
Carrying amount of buildings and improvements | 15,914 | |||
Carrying amount of land and buildings and improvements, Total | 18,075 | |||
Accumulated Depreciation | -1,675 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 30 | |||
Land | 76,612 | |||
Building and improvements | 260,885 | |||
Costs capitalized subsequent to acquisition | 24,508 | |||
Carrying amount of land | 77,034 | |||
Carrying amount of buildings and improvements | 284,971 | |||
Carrying amount of land and buildings and improvements, Total | 362,005 | |||
Accumulated Depreciation | -42,683 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 16 | |||
Land | 19,149 | |||
Building and improvements | 81,803 | |||
Costs capitalized subsequent to acquisition | 15,307 | |||
Carrying amount of land | 19,210 | |||
Carrying amount of buildings and improvements | 97,049 | |||
Carrying amount of land and buildings and improvements, Total | 116,259 | |||
Accumulated Depreciation | -33,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 20 | |||
Land | 22,402 | |||
Building and improvements | 96,043 | |||
Costs capitalized subsequent to acquisition | 43,037 | |||
Carrying amount of land | 23,877 | |||
Carrying amount of buildings and improvements | 137,605 | |||
Carrying amount of land and buildings and improvements, Total | 161,482 | |||
Accumulated Depreciation | -38,358 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Salt Lake City, Utah [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 7,492 | |||
Building and improvements | 32,436 | |||
Costs capitalized subsequent to acquisition | 106 | |||
Carrying amount of land | 7,490 | |||
Carrying amount of buildings and improvements | 32,544 | |||
Carrying amount of land and buildings and improvements, Total | 40,034 | |||
Accumulated Depreciation | -978 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 50 | |||
Land | 43,653 | |||
Building and improvements | 181,750 | |||
Costs capitalized subsequent to acquisition | 30,312 | |||
Carrying amount of land | 43,658 | |||
Carrying amount of buildings and improvements | 212,057 | |||
Carrying amount of land and buildings and improvements, Total | 255,715 | |||
Accumulated Depreciation | -41,346 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Nashville Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 22 | |||
Land | 32,226 | |||
Building and improvements | 138,002 | |||
Costs capitalized subsequent to acquisition | 7,885 | |||
Carrying amount of land | 32,226 | |||
Carrying amount of buildings and improvements | 145,887 | |||
Carrying amount of land and buildings and improvements, Total | 178,113 | |||
Accumulated Depreciation | -12,169 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 91 | |||
Land | 302,642 | |||
Building and improvements | 886,940 | |||
Costs capitalized subsequent to acquisition | 195,051 | |||
Carrying amount of land | 302,873 | |||
Carrying amount of buildings and improvements | 1,081,760 | |||
Carrying amount of land and buildings and improvements, Total | 1,384,633 | |||
Accumulated Depreciation | -206,412 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Norfolk Virginia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,335 | |||
Building and improvements | 9,665 | |||
Carrying amount of land | 2,335 | |||
Carrying amount of buildings and improvements | 9,665 | |||
Carrying amount of land and buildings and improvements, Total | 12,000 | |||
Accumulated Depreciation | -72 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 27 | |||
Land | 33,363 | |||
Building and improvements | 137,680 | |||
Costs capitalized subsequent to acquisition | 35,873 | |||
Carrying amount of land | 33,436 | |||
Carrying amount of buildings and improvements | 173,480 | |||
Carrying amount of land and buildings and improvements, Total | 206,916 | |||
Accumulated Depreciation | -32,860 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Jacksonville, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 2,892 | |||
Costs capitalized subsequent to acquisition | 176 | |||
Carrying amount of buildings and improvements | 3,068 | |||
Carrying amount of land and buildings and improvements, Total | 3,068 | |||
Accumulated Depreciation | -894 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kansas City Kansas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Building and improvements | 14,411 | |||
Costs capitalized subsequent to acquisition | 11 | |||
Carrying amount of buildings and improvements | 14,422 | |||
Carrying amount of land and buildings and improvements, Total | 14,422 | |||
Accumulated Depreciation | -3,854 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Louisville, Kentucky [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 23,519 | |||
Building and improvements | 89,174 | |||
Costs capitalized subsequent to acquisition | 31,748 | |||
Carrying amount of land | 23,825 | |||
Carrying amount of buildings and improvements | 120,616 | |||
Carrying amount of land and buildings and improvements, Total | 144,441 | |||
Accumulated Depreciation | -28,714 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 23 | |||
Land | 43,127 | |||
Building and improvements | 177,132 | |||
Costs capitalized subsequent to acquisition | 35,756 | |||
Carrying amount of land | 45,329 | |||
Carrying amount of buildings and improvements | 210,686 | |||
Carrying amount of land and buildings and improvements, Total | 256,015 | |||
Accumulated Depreciation | -21,412 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Austin, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 30 | |||
Land | 27,674 | |||
Building and improvements | 115,361 | |||
Costs capitalized subsequent to acquisition | 4,626 | |||
Carrying amount of land | 27,728 | |||
Carrying amount of buildings and improvements | 119,933 | |||
Carrying amount of land and buildings and improvements, Total | 147,661 | |||
Accumulated Depreciation | -14,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 52 | |||
Land | 114,346 | |||
Building and improvements | 338,106 | |||
Costs capitalized subsequent to acquisition | 71,977 | |||
Carrying amount of land | 115,309 | |||
Carrying amount of buildings and improvements | 409,120 | |||
Carrying amount of land and buildings and improvements, Total | 524,429 | |||
Accumulated Depreciation | -73,179 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 24 | |||
Land | 86,098 | |||
Building and improvements | 289,350 | |||
Costs capitalized subsequent to acquisition | 178,541 | |||
Carrying amount of land | 92,102 | |||
Carrying amount of buildings and improvements | 461,887 | |||
Carrying amount of land and buildings and improvements, Total | 553,989 | |||
Accumulated Depreciation | -67,824 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Charlotte, North Carolina [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 18 | |||
Land | 19,917 | |||
Building and improvements | 55,711 | |||
Costs capitalized subsequent to acquisition | 41,622 | |||
Carrying amount of land | 21,436 | |||
Carrying amount of buildings and improvements | 95,814 | |||
Carrying amount of land and buildings and improvements, Total | 117,250 | |||
Accumulated Depreciation | -26,292 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Lehigh Valley Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 26,795 | |||
Building and improvements | 89,400 | |||
Costs capitalized subsequent to acquisition | 24,540 | |||
Carrying amount of land | 26,875 | |||
Carrying amount of buildings and improvements | 113,860 | |||
Carrying amount of land and buildings and improvements, Total | 140,735 | |||
Accumulated Depreciation | -7,994 | |||
Date of Construction/ Acquisition | 2004, 2010, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Patterson Pass Business Center [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 10,004 | |||
Building and improvements | 27,878 | |||
Costs capitalized subsequent to acquisition | 7,397 | |||
Carrying amount of land | 10,017 | |||
Carrying amount of buildings and improvements | 35,262 | |||
Carrying amount of land and buildings and improvements, Total | 45,279 | |||
Accumulated Depreciation | -3,868 | |||
Date of Construction/ Acquisition | 2007, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | West Pointe Business Center [Member] | Charlotte, North Carolina [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 12,138 | |||
Building and improvements | 40,423 | |||
Costs capitalized subsequent to acquisition | 9,893 | |||
Carrying amount of land | 12,138 | |||
Carrying amount of buildings and improvements | 50,316 | |||
Carrying amount of land and buildings and improvements, Total | 62,454 | |||
Accumulated Depreciation | -4,220 | |||
Date of Construction/ Acquisition | 2006, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bolingbrook Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 19,068 | |||
Building and improvements | 85,317 | |||
Costs capitalized subsequent to acquisition | 5,355 | |||
Carrying amount of land | 19,068 | |||
Carrying amount of buildings and improvements | 90,672 | |||
Carrying amount of land and buildings and improvements, Total | 109,740 | |||
Accumulated Depreciation | -27,639 | |||
Date of Construction/ Acquisition | 1999, 2006, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Etna Distribution Center [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 10,789 | |||
Building and improvements | 35,577 | |||
Costs capitalized subsequent to acquisition | 42,552 | |||
Carrying amount of land | 10,789 | |||
Carrying amount of buildings and improvements | 78,129 | |||
Carrying amount of land and buildings and improvements, Total | 88,918 | |||
Accumulated Depreciation | -5,941 | |||
Date of Construction/ Acquisition | 2007, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Freeport Corp Ctr [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 15,415 | |||
Building and improvements | 65,273 | |||
Costs capitalized subsequent to acquisition | 702 | |||
Carrying amount of land | 15,415 | |||
Carrying amount of buildings and improvements | 65,975 | |||
Carrying amount of land and buildings and improvements, Total | 81,390 | |||
Accumulated Depreciation | -4,424 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northpark Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 13,003 | |||
Building and improvements | 37,428 | |||
Costs capitalized subsequent to acquisition | 23,729 | |||
Carrying amount of land | 13,003 | |||
Carrying amount of buildings and improvements | 61,157 | |||
Carrying amount of land and buildings and improvements, Total | 74,160 | |||
Accumulated Depreciation | -5,023 | |||
Date of Construction/ Acquisition | 2006, 2008, 2012, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northpark Distribution Center [Member] | Charlotte, North Carolina [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,183 | |||
Building and improvements | 6,707 | |||
Costs capitalized subsequent to acquisition | 2,919 | |||
Carrying amount of land | 1,184 | |||
Carrying amount of buildings and improvements | 9,625 | |||
Carrying amount of land and buildings and improvements, Total | 10,809 | |||
Accumulated Depreciation | -6,353 | |||
Date of Construction/ Acquisition | 1994, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Las Vegas Corporate Center [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 7,800 | |||
Building and improvements | 32,899 | |||
Carrying amount of land | 7,800 | |||
Carrying amount of buildings and improvements | 32,899 | |||
Carrying amount of land and buildings and improvements, Total | 40,699 | |||
Accumulated Depreciation | -251 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | DeSoto Distribution Center [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 5,769 | |||
Building and improvements | 4,359 | |||
Costs capitalized subsequent to acquisition | 27,079 | |||
Carrying amount of land | 5,769 | |||
Carrying amount of buildings and improvements | 31,438 | |||
Carrying amount of land and buildings and improvements, Total | 37,207 | |||
Accumulated Depreciation | -5,904 | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Port Reading Business Park [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 28,374 | |||
Building and improvements | 39,914 | |||
Costs capitalized subsequent to acquisition | 24,819 | |||
Carrying amount of land | 28,374 | |||
Carrying amount of buildings and improvements | 64,733 | |||
Carrying amount of land and buildings and improvements, Total | 93,107 | |||
Accumulated Depreciation | -8,306 | |||
Date of Construction/ Acquisition | 2005, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Beltway Commerce Center [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 17,082 | |||
Building and improvements | 25,526 | |||
Costs capitalized subsequent to acquisition | 8,595 | |||
Carrying amount of land | 17,082 | |||
Carrying amount of buildings and improvements | 34,121 | |||
Carrying amount of land and buildings and improvements, Total | 51,203 | |||
Accumulated Depreciation | -4,497 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southshore Corporate Center [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 7,059 | |||
Building and improvements | 24,799 | |||
Costs capitalized subsequent to acquisition | -251 | |||
Carrying amount of land | 7,117 | |||
Carrying amount of buildings and improvements | 24,490 | |||
Carrying amount of land and buildings and improvements, Total | 31,607 | |||
Accumulated Depreciation | -3,934 | |||
Date of Construction/ Acquisition | 2006, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Beacon Lakes [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 6,504 | |||
Costs capitalized subsequent to acquisition | 18,865 | |||
Carrying amount of land | 6,504 | |||
Carrying amount of buildings and improvements | 18,865 | |||
Carrying amount of land and buildings and improvements, Total | 25,369 | |||
Accumulated Depreciation | -308 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Redlands Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 69,051 | |||
Building and improvements | 99,842 | |||
Costs capitalized subsequent to acquisition | 74,367 | |||
Carrying amount of land | 72,589 | |||
Carrying amount of buildings and improvements | 170,671 | |||
Carrying amount of land and buildings and improvements, Total | 243,260 | |||
Accumulated Depreciation | -18,529 | |||
Date of Construction/ Acquisition | 2006, 2007, 2012, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Rialto Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 73,396 | |||
Building and improvements | 204,161 | |||
Costs capitalized subsequent to acquisition | 442 | |||
Carrying amount of land | 73,396 | |||
Carrying amount of buildings and improvements | 204,603 | |||
Carrying amount of land and buildings and improvements, Total | 277,999 | |||
Accumulated Depreciation | -15,058 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Earth City Industrial Center [Member] | St Louis Missouri [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 807 | |||
Building and improvements | 4,992 | |||
Costs capitalized subsequent to acquisition | 2,057 | |||
Carrying amount of land | 807 | |||
Carrying amount of buildings and improvements | 7,049 | |||
Carrying amount of land and buildings and improvements, Total | 7,856 | |||
Accumulated Depreciation | -3,800 | |||
Date of Construction/ Acquisition | 1998, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hazelwood Distribution Center [Member] | St Louis Missouri [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 833 | |||
Building and improvements | 4,721 | |||
Costs capitalized subsequent to acquisition | 24 | |||
Carrying amount of land | 833 | |||
Carrying amount of buildings and improvements | 4,745 | |||
Carrying amount of land and buildings and improvements, Total | 5,578 | |||
Accumulated Depreciation | -49 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Westport Distribution Center [Member] | St Louis Missouri [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 824 | |||
Building and improvements | 3,849 | |||
Costs capitalized subsequent to acquisition | 2,403 | |||
Carrying amount of land | 824 | |||
Carrying amount of buildings and improvements | 6,252 | |||
Carrying amount of land and buildings and improvements, Total | 7,076 | |||
Accumulated Depreciation | -2,316 | |||
Date of Construction/ Acquisition | 1997, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Airport West Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,253 | |||
Building and improvements | 3,825 | |||
Costs capitalized subsequent to acquisition | 4,109 | |||
Carrying amount of land | 1,974 | |||
Carrying amount of buildings and improvements | 7,213 | |||
Carrying amount of land and buildings and improvements, Total | 9,187 | |||
Accumulated Depreciation | -3,697 | |||
Date of Construction/ Acquisition | 1995, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Beacon Centre [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 18 | |||
Land | 37,998 | |||
Building and improvements | 196,004 | |||
Costs capitalized subsequent to acquisition | 8,256 | |||
Carrying amount of land | 37,998 | |||
Carrying amount of buildings and improvements | 204,260 | |||
Carrying amount of land and buildings and improvements, Total | 242,258 | |||
Accumulated Depreciation | -24,652 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Beacon Industrial Park [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 20,139 | |||
Building and improvements | 68,093 | |||
Costs capitalized subsequent to acquisition | 3,405 | |||
Carrying amount of land | 20,139 | |||
Carrying amount of buildings and improvements | 71,498 | |||
Carrying amount of land and buildings and improvements, Total | 91,637 | |||
Accumulated Depreciation | -8,627 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Blue Lagoon Business Park [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 9,189 | |||
Building and improvements | 29,451 | |||
Costs capitalized subsequent to acquisition | 1,336 | |||
Carrying amount of land | 9,189 | |||
Carrying amount of buildings and improvements | 30,787 | |||
Carrying amount of land and buildings and improvements, Total | 39,976 | |||
Accumulated Depreciation | -4,025 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | CenterPort Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 8,802 | |||
Building and improvements | 22,504 | |||
Costs capitalized subsequent to acquisition | 3,121 | |||
Carrying amount of land | 8,922 | |||
Carrying amount of buildings and improvements | 25,505 | |||
Carrying amount of land and buildings and improvements, Total | 34,427 | |||
Accumulated Depreciation | -8,511 | |||
Date of Construction/ Acquisition | 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Copans Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 504 | |||
Building and improvements | 2,857 | |||
Costs capitalized subsequent to acquisition | 1,486 | |||
Carrying amount of land | 504 | |||
Carrying amount of buildings and improvements | 4,343 | |||
Carrying amount of land and buildings and improvements, Total | 4,847 | |||
Accumulated Depreciation | -2,151 | |||
Date of Construction/ Acquisition | 1997, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dolphin Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,716 | |||
Building and improvements | 7,364 | |||
Costs capitalized subsequent to acquisition | 866 | |||
Carrying amount of land | 2,716 | |||
Carrying amount of buildings and improvements | 8,230 | |||
Carrying amount of land and buildings and improvements, Total | 10,946 | |||
Accumulated Depreciation | -1,397 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | International Corp Park [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 10,596 | |||
Building and improvements | 15,898 | |||
Costs capitalized subsequent to acquisition | 2,211 | |||
Carrying amount of land | 10,596 | |||
Carrying amount of buildings and improvements | 18,109 | |||
Carrying amount of land and buildings and improvements, Total | 28,705 | |||
Accumulated Depreciation | -2,643 | |||
Date of Construction/ Acquisition | 2010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Marlin Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,844 | |||
Building and improvements | 6,603 | |||
Costs capitalized subsequent to acquisition | 361 | |||
Carrying amount of land | 1,844 | |||
Carrying amount of buildings and improvements | 6,964 | |||
Carrying amount of land and buildings and improvements, Total | 8,808 | |||
Accumulated Depreciation | -1,041 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Miami Airport Business Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 11,173 | |||
Building and improvements | 45,921 | |||
Costs capitalized subsequent to acquisition | 2,115 | |||
Carrying amount of land | 11,173 | |||
Carrying amount of buildings and improvements | 48,036 | |||
Carrying amount of land and buildings and improvements, Total | 59,209 | |||
Accumulated Depreciation | -6,548 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | North Andrews Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 698 | |||
Building and improvements | 3,956 | |||
Costs capitalized subsequent to acquisition | 391 | |||
Carrying amount of land | 698 | |||
Carrying amount of buildings and improvements | 4,347 | |||
Carrying amount of land and buildings and improvements, Total | 5,045 | |||
Accumulated Depreciation | -2,804 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pompano Beach Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 11,035 | |||
Building and improvements | 15,136 | |||
Costs capitalized subsequent to acquisition | 3,692 | |||
Carrying amount of land | 11,035 | |||
Carrying amount of buildings and improvements | 18,828 | |||
Carrying amount of land and buildings and improvements, Total | 29,863 | |||
Accumulated Depreciation | -2,772 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pompano Center Of Commer [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 5,171 | |||
Building and improvements | 13,930 | |||
Costs capitalized subsequent to acquisition | 391 | |||
Carrying amount of land | 5,171 | |||
Carrying amount of buildings and improvements | 14,321 | |||
Carrying amount of land and buildings and improvements, Total | 19,492 | |||
Accumulated Depreciation | -1,689 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Port Lauderdale Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 37,472 | |||
Building and improvements | 69,457 | |||
Costs capitalized subsequent to acquisition | 9,239 | |||
Carrying amount of land | 38,781 | |||
Carrying amount of buildings and improvements | 77,387 | |||
Carrying amount of land and buildings and improvements, Total | 116,168 | |||
Accumulated Depreciation | -5,328 | |||
Date of Construction/ Acquisition | 1997, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | ProLogis Park I-595 [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,998 | |||
Building and improvements | 11,326 | |||
Costs capitalized subsequent to acquisition | 959 | |||
Carrying amount of land | 1,999 | |||
Carrying amount of buildings and improvements | 12,284 | |||
Carrying amount of land and buildings and improvements, Total | 14,283 | |||
Accumulated Depreciation | -4,932 | |||
Date of Construction/ Acquisition | 2003 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Sawgrass Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 10,016 | |||
Costs capitalized subsequent to acquisition | 15,142 | |||
Carrying amount of land | 10,016 | |||
Carrying amount of buildings and improvements | 15,142 | |||
Carrying amount of land and buildings and improvements, Total | 25,158 | |||
Accumulated Depreciation | -1,876 | |||
Date of Construction/ Acquisition | 2009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Tarpon Distribution Center [Member] | South Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,847 | |||
Building and improvements | 6,451 | |||
Costs capitalized subsequent to acquisition | 179 | |||
Carrying amount of land | 1,847 | |||
Carrying amount of buildings and improvements | 6,630 | |||
Carrying amount of land and buildings and improvements, Total | 8,477 | |||
Accumulated Depreciation | -1,153 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Anaheim Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 12 | |||
Land | 31,086 | |||
Building and improvements | 57,836 | |||
Costs capitalized subsequent to acquisition | 2,815 | |||
Carrying amount of land | 31,086 | |||
Carrying amount of buildings and improvements | 60,651 | |||
Carrying amount of land and buildings and improvements, Total | 91,737 | |||
Accumulated Depreciation | -19,039 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Anaheim Industrial Property [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,096 | |||
Building and improvements | 10,816 | |||
Costs capitalized subsequent to acquisition | 71 | |||
Carrying amount of land | 5,096 | |||
Carrying amount of buildings and improvements | 10,887 | |||
Carrying amount of land and buildings and improvements, Total | 15,983 | |||
Accumulated Depreciation | -1,375 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Arrow Ind. Park [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,840 | |||
Building and improvements | 8,120 | |||
Costs capitalized subsequent to acquisition | 866 | |||
Carrying amount of land | 4,840 | |||
Carrying amount of buildings and improvements | 8,986 | |||
Carrying amount of land and buildings and improvements, Total | 13,826 | |||
Accumulated Depreciation | -1,125 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Artesia Industrial [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 19 | |||
Land | 68,691 | |||
Building and improvements | 145,492 | |||
Costs capitalized subsequent to acquisition | 5,223 | |||
Carrying amount of land | 68,691 | |||
Carrying amount of buildings and improvements | 150,715 | |||
Carrying amount of land and buildings and improvements, Total | 219,406 | |||
Accumulated Depreciation | -21,283 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bell Ranch Distribution [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 5,539 | |||
Building and improvements | 23,092 | |||
Costs capitalized subsequent to acquisition | 1,657 | |||
Carrying amount of land | 5,539 | |||
Carrying amount of buildings and improvements | 24,749 | |||
Carrying amount of land and buildings and improvements, Total | 30,288 | |||
Accumulated Depreciation | -3,491 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Brea Ind Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,488 | |||
Building and improvements | 4,062 | |||
Costs capitalized subsequent to acquisition | 287 | |||
Carrying amount of land | 2,488 | |||
Carrying amount of buildings and improvements | 4,349 | |||
Carrying amount of land and buildings and improvements, Total | 6,837 | |||
Accumulated Depreciation | -471 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | California Commerce Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 18,708 | |||
Building and improvements | 35,633 | |||
Costs capitalized subsequent to acquisition | 2,465 | |||
Carrying amount of land | 18,708 | |||
Carrying amount of buildings and improvements | 38,098 | |||
Carrying amount of land and buildings and improvements, Total | 56,806 | |||
Accumulated Depreciation | -3,457 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Carson Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 15,491 | |||
Costs capitalized subsequent to acquisition | 17,000 | |||
Carrying amount of land | 15,491 | |||
Carrying amount of buildings and improvements | 17,000 | |||
Carrying amount of land and buildings and improvements, Total | 32,491 | |||
Accumulated Depreciation | -1,330 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Carson Industrial [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 12 | |||
Land | 13,608 | |||
Building and improvements | 32,802 | |||
Costs capitalized subsequent to acquisition | 3,166 | |||
Carrying amount of land | 13,608 | |||
Carrying amount of buildings and improvements | 35,968 | |||
Carrying amount of land and buildings and improvements, Total | 49,576 | |||
Accumulated Depreciation | -5,068 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Carson Town Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 11,781 | |||
Building and improvements | 31,572 | |||
Costs capitalized subsequent to acquisition | 698 | |||
Carrying amount of land | 11,781 | |||
Carrying amount of buildings and improvements | 32,270 | |||
Carrying amount of land and buildings and improvements, Total | 44,051 | |||
Accumulated Depreciation | -3,711 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Cedarpointe Industrial Park [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 7,824 | |||
Building and improvements | 12,476 | |||
Costs capitalized subsequent to acquisition | 664 | |||
Carrying amount of land | 7,824 | |||
Carrying amount of buildings and improvements | 13,140 | |||
Carrying amount of land and buildings and improvements, Total | 20,964 | |||
Accumulated Depreciation | -1,488 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chartwell Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,417 | |||
Building and improvements | 16,964 | |||
Costs capitalized subsequent to acquisition | 801 | |||
Carrying amount of land | 6,417 | |||
Carrying amount of buildings and improvements | 17,765 | |||
Carrying amount of land and buildings and improvements, Total | 24,182 | |||
Accumulated Depreciation | -2,347 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chino Ind Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 850 | |||
Building and improvements | 1,274 | |||
Costs capitalized subsequent to acquisition | 10 | |||
Carrying amount of land | 850 | |||
Carrying amount of buildings and improvements | 1,284 | |||
Carrying amount of land and buildings and improvements, Total | 2,134 | |||
Accumulated Depreciation | -649 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Commerce Ind Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 11,345 | |||
Building and improvements | 17,653 | |||
Costs capitalized subsequent to acquisition | 88 | |||
Carrying amount of land | 11,345 | |||
Carrying amount of buildings and improvements | 17,741 | |||
Carrying amount of land and buildings and improvements, Total | 29,086 | |||
Accumulated Depreciation | -1,833 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Crossroads Business Park [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 9 | |||
Land | 36,131 | |||
Building and improvements | 98,797 | |||
Costs capitalized subsequent to acquisition | 126,748 | |||
Carrying amount of land | 89,658 | |||
Carrying amount of buildings and improvements | 172,018 | |||
Carrying amount of land and buildings and improvements, Total | 261,676 | |||
Accumulated Depreciation | -35,650 | |||
Date of Construction/ Acquisition | 2005, 2010, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Del Amo Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,471 | |||
Building and improvements | 17,889 | |||
Costs capitalized subsequent to acquisition | 386 | |||
Carrying amount of land | 7,471 | |||
Carrying amount of buildings and improvements | 18,275 | |||
Carrying amount of land and buildings and improvements, Total | 25,746 | |||
Accumulated Depreciation | -2,734 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dominguez North Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 20,662 | |||
Building and improvements | 34,382 | |||
Costs capitalized subsequent to acquisition | 2,883 | |||
Carrying amount of land | 20,688 | |||
Carrying amount of buildings and improvements | 37,239 | |||
Carrying amount of land and buildings and improvements, Total | 57,927 | |||
Accumulated Depreciation | -6,222 | |||
Date of Construction/ Acquisition | 2007, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Eaves Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 13,914 | |||
Building and improvements | 31,041 | |||
Costs capitalized subsequent to acquisition | 1,953 | |||
Carrying amount of land | 13,914 | |||
Carrying amount of buildings and improvements | 32,994 | |||
Carrying amount of land and buildings and improvements, Total | 46,908 | |||
Accumulated Depreciation | -5,156 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Foothill Bus Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 5,254 | |||
Building and improvements | 8,096 | |||
Costs capitalized subsequent to acquisition | 117 | |||
Carrying amount of land | 5,254 | |||
Carrying amount of buildings and improvements | 8,213 | |||
Carrying amount of land and buildings and improvements, Total | 13,467 | |||
Accumulated Depreciation | -836 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Ford Distribution Cntr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 29,895 | |||
Building and improvements | 81,433 | |||
Costs capitalized subsequent to acquisition | 2,875 | |||
Carrying amount of land | 29,895 | |||
Carrying amount of buildings and improvements | 84,308 | |||
Carrying amount of land and buildings and improvements, Total | 114,203 | |||
Accumulated Depreciation | -13,365 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Fordyce Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,110 | |||
Building and improvements | 19,485 | |||
Costs capitalized subsequent to acquisition | 765 | |||
Carrying amount of land | 6,110 | |||
Carrying amount of buildings and improvements | 20,250 | |||
Carrying amount of land and buildings and improvements, Total | 26,360 | |||
Accumulated Depreciation | -3,379 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Harris Bus Ctr Alliance II [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 9 | |||
Land | 13,134 | |||
Building and improvements | 66,195 | |||
Costs capitalized subsequent to acquisition | 1,967 | |||
Carrying amount of land | 13,134 | |||
Carrying amount of buildings and improvements | 68,162 | |||
Carrying amount of land and buildings and improvements, Total | 81,296 | |||
Accumulated Depreciation | -8,942 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Haven Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 96,975 | |||
Building and improvements | 73,903 | |||
Costs capitalized subsequent to acquisition | 7,620 | |||
Carrying amount of land | 96,975 | |||
Carrying amount of buildings and improvements | 81,523 | |||
Carrying amount of land and buildings and improvements, Total | 178,498 | |||
Accumulated Depreciation | -13,312 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Industry Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 54,170 | |||
Building and improvements | 99,434 | |||
Costs capitalized subsequent to acquisition | 4,891 | |||
Carrying amount of land | 54,170 | |||
Carrying amount of buildings and improvements | 104,325 | |||
Carrying amount of land and buildings and improvements, Total | 158,495 | |||
Accumulated Depreciation | -31,872 | |||
Date of Construction/ Acquisition | 2005, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Inland Empire Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 37,805 | |||
Building and improvements | 66,530 | |||
Costs capitalized subsequent to acquisition | 8,469 | |||
Carrying amount of land | 38,585 | |||
Carrying amount of buildings and improvements | 74,219 | |||
Carrying amount of land and buildings and improvements, Total | 112,804 | |||
Accumulated Depreciation | -21,549 | |||
Date of Construction/ Acquisition | 2005, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kaiser Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 131,819 | |||
Building and improvements | 242,618 | |||
Costs capitalized subsequent to acquisition | 20,367 | |||
Carrying amount of land | 136,030 | |||
Carrying amount of buildings and improvements | 258,774 | |||
Carrying amount of land and buildings and improvements, Total | 394,804 | |||
Accumulated Depreciation | -80,093 | |||
Date of Construction/ Acquisition | 2005, 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | LAX Cargo Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Building and improvements | 19,217 | |||
Costs capitalized subsequent to acquisition | 193 | |||
Carrying amount of buildings and improvements | 19,410 | |||
Carrying amount of land and buildings and improvements, Total | 19,410 | |||
Accumulated Depreciation | -4,789 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Los Angeles Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,777 | |||
Building and improvements | 7,015 | |||
Costs capitalized subsequent to acquisition | 353 | |||
Carrying amount of land | 3,777 | |||
Carrying amount of buildings and improvements | 7,368 | |||
Carrying amount of land and buildings and improvements, Total | 11,145 | |||
Accumulated Depreciation | -2,425 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meridian Park [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 12,931 | |||
Building and improvements | 24,268 | |||
Costs capitalized subsequent to acquisition | 142 | |||
Carrying amount of land | 12,931 | |||
Carrying amount of buildings and improvements | 24,410 | |||
Carrying amount of land and buildings and improvements, Total | 37,341 | |||
Accumulated Depreciation | -5,629 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mid Counties Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 18 | |||
Land | 55,436 | |||
Building and improvements | 96,453 | |||
Costs capitalized subsequent to acquisition | 15,386 | |||
Carrying amount of land | 55,437 | |||
Carrying amount of buildings and improvements | 111,838 | |||
Carrying amount of land and buildings and improvements, Total | 167,275 | |||
Accumulated Depreciation | -35,190 | |||
Date of Construction/ Acquisition | 2005, 2006, 2010, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mill Street Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,825 | |||
Building and improvements | 4,572 | |||
Carrying amount of land | 1,825 | |||
Carrying amount of buildings and improvements | 4,572 | |||
Carrying amount of land and buildings and improvements, Total | 6,397 | |||
Accumulated Depreciation | -36 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mill Street Specl Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 15,691 | |||
Building and improvements | 38,520 | |||
Costs capitalized subsequent to acquisition | 1 | |||
Carrying amount of land | 15,691 | |||
Carrying amount of buildings and improvements | 38,521 | |||
Carrying amount of land and buildings and improvements, Total | 54,212 | |||
Accumulated Depreciation | -294 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Milliken Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 18,831 | |||
Building and improvements | 30,811 | |||
Costs capitalized subsequent to acquisition | 219 | |||
Carrying amount of land | 18,831 | |||
Carrying amount of buildings and improvements | 31,030 | |||
Carrying amount of land and buildings and improvements, Total | 49,861 | |||
Accumulated Depreciation | -3,458 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | NDP - Los Angeles [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 14,855 | |||
Building and improvements | 41,115 | |||
Costs capitalized subsequent to acquisition | 2,020 | |||
Carrying amount of land | 14,855 | |||
Carrying amount of buildings and improvements | 43,135 | |||
Carrying amount of land and buildings and improvements, Total | 57,990 | |||
Accumulated Depreciation | -6,677 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Normandie Industrial [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 12,297 | |||
Building and improvements | 14,957 | |||
Costs capitalized subsequent to acquisition | 726 | |||
Carrying amount of land | 12,297 | |||
Carrying amount of buildings and improvements | 15,683 | |||
Carrying amount of land and buildings and improvements, Total | 27,980 | |||
Accumulated Depreciation | -2,717 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | North County Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 49,949 | |||
Building and improvements | 76,943 | |||
Costs capitalized subsequent to acquisition | 4,061 | |||
Carrying amount of land | 49,949 | |||
Carrying amount of buildings and improvements | 81,004 | |||
Carrying amount of land and buildings and improvements, Total | 130,953 | |||
Accumulated Depreciation | -8,910 | |||
Date of Construction/ Acquisition | 2011, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Ontario Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 18,823 | |||
Building and improvements | 29,524 | |||
Costs capitalized subsequent to acquisition | 482 | |||
Carrying amount of land | 18,823 | |||
Carrying amount of buildings and improvements | 30,006 | |||
Carrying amount of land and buildings and improvements, Total | 48,829 | |||
Accumulated Depreciation | -3,099 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Orange Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,156 | |||
Building and improvements | 7,836 | |||
Costs capitalized subsequent to acquisition | 349 | |||
Carrying amount of land | 4,157 | |||
Carrying amount of buildings and improvements | 8,184 | |||
Carrying amount of land and buildings and improvements, Total | 12,341 | |||
Accumulated Depreciation | -2,561 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pacific Bus Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 20,810 | |||
Building and improvements | 32,169 | |||
Costs capitalized subsequent to acquisition | 1,675 | |||
Carrying amount of land | 20,810 | |||
Carrying amount of buildings and improvements | 33,844 | |||
Carrying amount of land and buildings and improvements, Total | 54,654 | |||
Accumulated Depreciation | -3,467 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pacific Bus Ctr [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 6,075 | |||
Building and improvements | 26,260 | |||
Costs capitalized subsequent to acquisition | 3,909 | |||
Carrying amount of land | 6,075 | |||
Carrying amount of buildings and improvements | 30,169 | |||
Carrying amount of land and buildings and improvements, Total | 36,244 | |||
Accumulated Depreciation | -4,122 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | ProLogis Park Ontario [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 25,499 | |||
Building and improvements | 47,366 | |||
Costs capitalized subsequent to acquisition | 813 | |||
Carrying amount of land | 25,499 | |||
Carrying amount of buildings and improvements | 48,179 | |||
Carrying amount of land and buildings and improvements, Total | 73,678 | |||
Accumulated Depreciation | -12,505 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Rancho Cucamonga Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 46,471 | |||
Building and improvements | 86,305 | |||
Costs capitalized subsequent to acquisition | 2,091 | |||
Carrying amount of land | 46,472 | |||
Carrying amount of buildings and improvements | 88,395 | |||
Carrying amount of land and buildings and improvements, Total | 134,867 | |||
Accumulated Depreciation | -27,341 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Redlands Comm Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 20,583 | |||
Building and improvements | 32,750 | |||
Carrying amount of land | 20,583 | |||
Carrying amount of buildings and improvements | 32,750 | |||
Carrying amount of land and buildings and improvements, Total | 53,333 | |||
Accumulated Depreciation | -254 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Riverbluff Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 42,964 | |||
Costs capitalized subsequent to acquisition | 32,928 | |||
Carrying amount of land | 42,964 | |||
Carrying amount of buildings and improvements | 32,928 | |||
Carrying amount of land and buildings and improvements, Total | 75,892 | |||
Accumulated Depreciation | -6,090 | |||
Date of Construction/ Acquisition | 2009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Riverside Dist Ctr (LAX) [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 3,306 | |||
Building and improvements | 16,750 | |||
Costs capitalized subsequent to acquisition | 4,300 | |||
Carrying amount of land | 3,329 | |||
Carrying amount of buildings and improvements | 21,027 | |||
Carrying amount of land and buildings and improvements, Total | 24,356 | |||
Accumulated Depreciation | -9,692 | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Riverside Dist Ctr (LAX) [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,178 | |||
Building and improvements | 3,440 | |||
Costs capitalized subsequent to acquisition | 150 | |||
Carrying amount of land | 2,178 | |||
Carrying amount of buildings and improvements | 3,590 | |||
Carrying amount of land and buildings and improvements, Total | 5,768 | |||
Accumulated Depreciation | -375 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Santa Ana Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,318 | |||
Building and improvements | 8,019 | |||
Costs capitalized subsequent to acquisition | 759 | |||
Carrying amount of land | 4,318 | |||
Carrying amount of buildings and improvements | 8,778 | |||
Carrying amount of land and buildings and improvements, Total | 13,096 | |||
Accumulated Depreciation | -2,786 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | South Bay Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 14,478 | |||
Building and improvements | 27,511 | |||
Costs capitalized subsequent to acquisition | 3,489 | |||
Carrying amount of land | 15,280 | |||
Carrying amount of buildings and improvements | 30,198 | |||
Carrying amount of land and buildings and improvements, Total | 45,478 | |||
Accumulated Depreciation | -10,026 | |||
Date of Construction/ Acquisition | 2005, 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Starboard Distribution Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 18,763 | |||
Building and improvements | 53,824 | |||
Costs capitalized subsequent to acquisition | 119 | |||
Carrying amount of land | 18,763 | |||
Carrying amount of buildings and improvements | 53,943 | |||
Carrying amount of land and buildings and improvements, Total | 72,706 | |||
Accumulated Depreciation | -6,883 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Terra Francesco [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 11,196 | |||
Costs capitalized subsequent to acquisition | 15,591 | |||
Carrying amount of land | 11,196 | |||
Carrying amount of buildings and improvements | 15,591 | |||
Carrying amount of land and buildings and improvements, Total | 26,787 | |||
Accumulated Depreciation | -117 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Torrance Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 25,730 | |||
Building and improvements | 40,414 | |||
Costs capitalized subsequent to acquisition | 287 | |||
Carrying amount of land | 25,730 | |||
Carrying amount of buildings and improvements | 40,701 | |||
Carrying amount of land and buildings and improvements, Total | 66,431 | |||
Accumulated Depreciation | -4,234 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Transpark Inland Empire Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 28,936 | |||
Building and improvements | 44,721 | |||
Carrying amount of land | 28,936 | |||
Carrying amount of buildings and improvements | 44,721 | |||
Carrying amount of land and buildings and improvements, Total | 73,657 | |||
Accumulated Depreciation | -329 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Van Nuys Airport Industrial [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 23,455 | |||
Building and improvements | 39,916 | |||
Costs capitalized subsequent to acquisition | 2,588 | |||
Carrying amount of land | 23,455 | |||
Carrying amount of buildings and improvements | 42,504 | |||
Carrying amount of land and buildings and improvements, Total | 65,959 | |||
Accumulated Depreciation | -5,018 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vernon Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 15 | |||
Land | 25,439 | |||
Building and improvements | 47,250 | |||
Costs capitalized subsequent to acquisition | 3,912 | |||
Carrying amount of land | 25,441 | |||
Carrying amount of buildings and improvements | 51,160 | |||
Carrying amount of land and buildings and improvements, Total | 76,601 | |||
Accumulated Depreciation | -16,728 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vernon Industrial [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,626 | |||
Building and improvements | 3,319 | |||
Costs capitalized subsequent to acquisition | 197 | |||
Carrying amount of land | 3,626 | |||
Carrying amount of buildings and improvements | 3,516 | |||
Carrying amount of land and buildings and improvements, Total | 7,142 | |||
Accumulated Depreciation | -2,084 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vista Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,150 | |||
Building and improvements | 6,225 | |||
Costs capitalized subsequent to acquisition | 3,415 | |||
Carrying amount of land | 4,150 | |||
Carrying amount of buildings and improvements | 9,640 | |||
Carrying amount of land and buildings and improvements, Total | 13,790 | |||
Accumulated Depreciation | -1,569 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vista Rialto Distrib Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,885 | |||
Building and improvements | 25,991 | |||
Costs capitalized subsequent to acquisition | 242 | |||
Carrying amount of land | 5,885 | |||
Carrying amount of buildings and improvements | 26,233 | |||
Carrying amount of land and buildings and improvements, Total | 32,118 | |||
Accumulated Depreciation | -3,188 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Walnut Drive [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,665 | |||
Building and improvements | 7,397 | |||
Costs capitalized subsequent to acquisition | 218 | |||
Carrying amount of land | 2,665 | |||
Carrying amount of buildings and improvements | 7,615 | |||
Carrying amount of land and buildings and improvements, Total | 10,280 | |||
Accumulated Depreciation | -960 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Watson Industrial Center AFdII [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,944 | |||
Building and improvements | 11,193 | |||
Costs capitalized subsequent to acquisition | 65 | |||
Carrying amount of land | 6,944 | |||
Carrying amount of buildings and improvements | 11,258 | |||
Carrying amount of land and buildings and improvements, Total | 18,202 | |||
Accumulated Depreciation | -1,478 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Wilmington Avenue Warehouse [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 11,172 | |||
Building and improvements | 34,723 | |||
Costs capitalized subsequent to acquisition | 2,389 | |||
Carrying amount of land | 11,172 | |||
Carrying amount of buildings and improvements | 37,112 | |||
Carrying amount of land and buildings and improvements, Total | 48,284 | |||
Accumulated Depreciation | -4,629 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Acer Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,368 | |||
Building and improvements | 15,139 | |||
Costs capitalized subsequent to acquisition | 209 | |||
Carrying amount of land | 3,368 | |||
Carrying amount of buildings and improvements | 15,348 | |||
Carrying amount of land and buildings and improvements, Total | 18,716 | |||
Accumulated Depreciation | -2,423 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Alvarado Business Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 20,739 | |||
Building and improvements | 62,595 | |||
Costs capitalized subsequent to acquisition | 6,332 | |||
Carrying amount of land | 20,739 | |||
Carrying amount of buildings and improvements | 68,927 | |||
Carrying amount of land and buildings and improvements, Total | 89,666 | |||
Accumulated Depreciation | -22,002 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bayshore Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,450 | |||
Building and improvements | 15,049 | |||
Costs capitalized subsequent to acquisition | 2,696 | |||
Carrying amount of land | 6,450 | |||
Carrying amount of buildings and improvements | 17,745 | |||
Carrying amount of land and buildings and improvements, Total | 24,195 | |||
Accumulated Depreciation | -2,595 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bayside Corporate Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 4,365 | |||
Costs capitalized subsequent to acquisition | 20,611 | |||
Carrying amount of land | 4,365 | |||
Carrying amount of buildings and improvements | 20,611 | |||
Carrying amount of land and buildings and improvements, Total | 24,976 | |||
Accumulated Depreciation | -13,119 | |||
Date of Construction/ Acquisition | 1995, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bayside Plaza I [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 12 | |||
Land | 5,212 | |||
Building and improvements | 18,008 | |||
Costs capitalized subsequent to acquisition | 8,311 | |||
Carrying amount of land | 5,216 | |||
Carrying amount of buildings and improvements | 26,315 | |||
Carrying amount of land and buildings and improvements, Total | 31,531 | |||
Accumulated Depreciation | -17,701 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bayside Plaza II [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 634 | |||
Costs capitalized subsequent to acquisition | 3,576 | |||
Carrying amount of land | 634 | |||
Carrying amount of buildings and improvements | 3,576 | |||
Carrying amount of land and buildings and improvements, Total | 4,210 | |||
Accumulated Depreciation | -2,427 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Brennan Distribution [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,912 | |||
Building and improvements | 7,553 | |||
Costs capitalized subsequent to acquisition | 63 | |||
Carrying amount of land | 1,912 | |||
Carrying amount of buildings and improvements | 7,616 | |||
Carrying amount of land and buildings and improvements, Total | 9,528 | |||
Accumulated Depreciation | -1,181 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Component Drive Ind Port [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 2,829 | |||
Building and improvements | 13,532 | |||
Costs capitalized subsequent to acquisition | 677 | |||
Carrying amount of land | 2,829 | |||
Carrying amount of buildings and improvements | 14,209 | |||
Carrying amount of land and buildings and improvements, Total | 17,038 | |||
Accumulated Depreciation | -2,183 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Cypress [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,065 | |||
Building and improvements | 5,103 | |||
Costs capitalized subsequent to acquisition | 246 | |||
Carrying amount of land | 1,065 | |||
Carrying amount of buildings and improvements | 5,349 | |||
Carrying amount of land and buildings and improvements, Total | 6,414 | |||
Accumulated Depreciation | -794 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dado Distribution [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,194 | |||
Building and improvements | 11,079 | |||
Costs capitalized subsequent to acquisition | 267 | |||
Carrying amount of land | 2,194 | |||
Carrying amount of buildings and improvements | 11,346 | |||
Carrying amount of land and buildings and improvements, Total | 13,540 | |||
Accumulated Depreciation | -1,863 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Doolittle Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,843 | |||
Building and improvements | 18,849 | |||
Costs capitalized subsequent to acquisition | 848 | |||
Carrying amount of land | 2,843 | |||
Carrying amount of buildings and improvements | 19,697 | |||
Carrying amount of land and buildings and improvements, Total | 22,540 | |||
Accumulated Depreciation | -2,640 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dowe Industrial Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 5,884 | |||
Building and improvements | 20,400 | |||
Costs capitalized subsequent to acquisition | 809 | |||
Carrying amount of land | 5,884 | |||
Carrying amount of buildings and improvements | 21,209 | |||
Carrying amount of land and buildings and improvements, Total | 27,093 | |||
Accumulated Depreciation | -3,357 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dublin Ind Portfolio [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,241 | |||
Building and improvements | 15,951 | |||
Costs capitalized subsequent to acquisition | 993 | |||
Carrying amount of land | 3,241 | |||
Carrying amount of buildings and improvements | 16,944 | |||
Carrying amount of land and buildings and improvements, Total | 20,185 | |||
Accumulated Depreciation | -2,179 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | East Bay Doolittle [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,015 | |||
Building and improvements | 15,988 | |||
Costs capitalized subsequent to acquisition | 1,296 | |||
Carrying amount of land | 4,015 | |||
Carrying amount of buildings and improvements | 17,284 | |||
Carrying amount of land and buildings and improvements, Total | 21,299 | |||
Accumulated Depreciation | -2,866 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | East Grand Airfreight [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,977 | |||
Building and improvements | 11,730 | |||
Costs capitalized subsequent to acquisition | 464 | |||
Carrying amount of land | 3,977 | |||
Carrying amount of buildings and improvements | 12,194 | |||
Carrying amount of land and buildings and improvements, Total | 16,171 | |||
Accumulated Depreciation | -1,523 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Edgewater Industrial Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,630 | |||
Building and improvements | 31,153 | |||
Costs capitalized subsequent to acquisition | 1,968 | |||
Carrying amount of land | 6,630 | |||
Carrying amount of buildings and improvements | 33,121 | |||
Carrying amount of land and buildings and improvements, Total | 39,751 | |||
Accumulated Depreciation | -5,206 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Eigenbrodt Way Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 393 | |||
Building and improvements | 2,228 | |||
Costs capitalized subsequent to acquisition | 694 | |||
Carrying amount of land | 393 | |||
Carrying amount of buildings and improvements | 2,922 | |||
Carrying amount of land and buildings and improvements, Total | 3,315 | |||
Accumulated Depreciation | -2,038 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Gateway Corporate Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 6,736 | |||
Building and improvements | 24,747 | |||
Costs capitalized subsequent to acquisition | 10,340 | |||
Carrying amount of land | 6,744 | |||
Carrying amount of buildings and improvements | 35,079 | |||
Carrying amount of land and buildings and improvements, Total | 41,823 | |||
Accumulated Depreciation | -23,670 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hayward Commerce Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 1,933 | |||
Building and improvements | 10,955 | |||
Costs capitalized subsequent to acquisition | 3,550 | |||
Carrying amount of land | 1,933 | |||
Carrying amount of buildings and improvements | 14,505 | |||
Carrying amount of land and buildings and improvements, Total | 16,438 | |||
Accumulated Depreciation | -10,191 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hayward Commerce Park [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 7,131 | |||
Building and improvements | 11,144 | |||
Costs capitalized subsequent to acquisition | 325 | |||
Carrying amount of land | 7,131 | |||
Carrying amount of buildings and improvements | 11,469 | |||
Carrying amount of land and buildings and improvements, Total | 18,600 | |||
Accumulated Depreciation | -121 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hayward Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 831 | |||
Building and improvements | 5,510 | |||
Costs capitalized subsequent to acquisition | 3,213 | |||
Carrying amount of land | 1,038 | |||
Carrying amount of buildings and improvements | 8,516 | |||
Carrying amount of land and buildings and improvements, Total | 9,554 | |||
Accumulated Depreciation | -6,423 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hayward Ind-Hathaway [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 6,177 | |||
Building and improvements | 8,271 | |||
Costs capitalized subsequent to acquisition | 25 | |||
Carrying amount of land | 6,177 | |||
Carrying amount of buildings and improvements | 8,296 | |||
Carrying amount of land and buildings and improvements, Total | 14,473 | |||
Accumulated Depreciation | -3,244 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hayward Industrial Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 13 | |||
Land | 4,481 | |||
Building and improvements | 25,393 | |||
Costs capitalized subsequent to acquisition | 9,298 | |||
Carrying amount of land | 4,481 | |||
Carrying amount of buildings and improvements | 34,691 | |||
Carrying amount of land and buildings and improvements, Total | 39,172 | |||
Accumulated Depreciation | -24,063 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Junction Industrial Park [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 7,658 | |||
Building and improvements | 39,106 | |||
Costs capitalized subsequent to acquisition | 1,369 | |||
Carrying amount of land | 7,658 | |||
Carrying amount of buildings and improvements | 40,475 | |||
Carrying amount of land and buildings and improvements, Total | 48,133 | |||
Accumulated Depreciation | -5,202 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Lakeside BC [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,969 | |||
Building and improvements | 11,181 | |||
Costs capitalized subsequent to acquisition | 871 | |||
Carrying amount of land | 3,969 | |||
Carrying amount of buildings and improvements | 12,052 | |||
Carrying amount of land and buildings and improvements, Total | 16,021 | |||
Accumulated Depreciation | -1,281 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Laurelwood Drive [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,941 | |||
Building and improvements | 13,161 | |||
Costs capitalized subsequent to acquisition | 318 | |||
Carrying amount of land | 3,941 | |||
Carrying amount of buildings and improvements | 13,479 | |||
Carrying amount of land and buildings and improvements, Total | 17,420 | |||
Accumulated Depreciation | -1,708 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Lawrence SSF [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,189 | |||
Building and improvements | 7,498 | |||
Costs capitalized subsequent to acquisition | 149 | |||
Carrying amount of land | 2,189 | |||
Carrying amount of buildings and improvements | 7,647 | |||
Carrying amount of land and buildings and improvements, Total | 9,836 | |||
Accumulated Depreciation | -1,128 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Livermore Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 8,992 | |||
Building and improvements | 26,976 | |||
Costs capitalized subsequent to acquisition | 2,377 | |||
Carrying amount of land | 8,992 | |||
Carrying amount of buildings and improvements | 29,353 | |||
Carrying amount of land and buildings and improvements, Total | 38,345 | |||
Accumulated Depreciation | -9,724 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Martin-Scott Ind Port [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,546 | |||
Building and improvements | 9,717 | |||
Costs capitalized subsequent to acquisition | 328 | |||
Carrying amount of land | 3,546 | |||
Carrying amount of buildings and improvements | 10,045 | |||
Carrying amount of land and buildings and improvements, Total | 13,591 | |||
Accumulated Depreciation | -1,554 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Oakland Industrial Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 8,234 | |||
Building and improvements | 24,704 | |||
Costs capitalized subsequent to acquisition | 2,487 | |||
Carrying amount of land | 8,235 | |||
Carrying amount of buildings and improvements | 27,190 | |||
Carrying amount of land and buildings and improvements, Total | 35,425 | |||
Accumulated Depreciation | -8,482 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Overlook Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,573 | |||
Building and improvements | 8,915 | |||
Costs capitalized subsequent to acquisition | 2,585 | |||
Carrying amount of land | 1,573 | |||
Carrying amount of buildings and improvements | 11,500 | |||
Carrying amount of land and buildings and improvements, Total | 13,073 | |||
Accumulated Depreciation | -4,897 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pacific Commons Industrial Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 25,784 | |||
Building and improvements | 77,594 | |||
Costs capitalized subsequent to acquisition | 2,190 | |||
Carrying amount of land | 25,805 | |||
Carrying amount of buildings and improvements | 79,763 | |||
Carrying amount of land and buildings and improvements, Total | 105,568 | |||
Accumulated Depreciation | -25,247 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pacific Industrial Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 21,675 | |||
Building and improvements | 65,083 | |||
Costs capitalized subsequent to acquisition | 4,067 | |||
Carrying amount of land | 21,675 | |||
Carrying amount of buildings and improvements | 69,150 | |||
Carrying amount of land and buildings and improvements, Total | 90,825 | |||
Accumulated Depreciation | -21,895 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | San Leandro Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 1,387 | |||
Building and improvements | 7,862 | |||
Costs capitalized subsequent to acquisition | 2,860 | |||
Carrying amount of land | 1,387 | |||
Carrying amount of buildings and improvements | 10,722 | |||
Carrying amount of land and buildings and improvements, Total | 12,109 | |||
Accumulated Depreciation | -7,618 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Shoreline Business Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 4,328 | |||
Building and improvements | 16,101 | |||
Costs capitalized subsequent to acquisition | 6,520 | |||
Carrying amount of land | 4,328 | |||
Carrying amount of buildings and improvements | 22,621 | |||
Carrying amount of land and buildings and improvements, Total | 26,949 | |||
Accumulated Depreciation | -14,204 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Silicon Valley R and D [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,567 | |||
Building and improvements | 10,313 | |||
Costs capitalized subsequent to acquisition | 340 | |||
Carrying amount of land | 2,567 | |||
Carrying amount of buildings and improvements | 10,653 | |||
Carrying amount of land and buildings and improvements, Total | 13,220 | |||
Accumulated Depreciation | -1,415 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | South Bay Brokaw [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 4,014 | |||
Building and improvements | 23,296 | |||
Costs capitalized subsequent to acquisition | 822 | |||
Carrying amount of land | 4,014 | |||
Carrying amount of buildings and improvements | 24,118 | |||
Carrying amount of land and buildings and improvements, Total | 28,132 | |||
Accumulated Depreciation | -3,174 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | South Bay Junction [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,662 | |||
Building and improvements | 21,120 | |||
Costs capitalized subsequent to acquisition | 1,402 | |||
Carrying amount of land | 3,662 | |||
Carrying amount of buildings and improvements | 22,522 | |||
Carrying amount of land and buildings and improvements, Total | 26,184 | |||
Accumulated Depreciation | -2,859 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | South Bay Lundy [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 6,500 | |||
Building and improvements | 33,642 | |||
Costs capitalized subsequent to acquisition | 2,496 | |||
Carrying amount of land | 6,500 | |||
Carrying amount of buildings and improvements | 36,138 | |||
Carrying amount of land and buildings and improvements, Total | 42,638 | |||
Accumulated Depreciation | -4,802 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Spinnaker Business Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 12 | |||
Land | 7,043 | |||
Building and improvements | 25,220 | |||
Costs capitalized subsequent to acquisition | 11,321 | |||
Carrying amount of land | 7,043 | |||
Carrying amount of buildings and improvements | 36,541 | |||
Carrying amount of land and buildings and improvements, Total | 43,584 | |||
Accumulated Depreciation | -23,885 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Thornton Business Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 2,047 | |||
Building and improvements | 11,706 | |||
Costs capitalized subsequent to acquisition | 4,285 | |||
Carrying amount of land | 2,066 | |||
Carrying amount of buildings and improvements | 15,972 | |||
Carrying amount of land and buildings and improvements, Total | 18,038 | |||
Accumulated Depreciation | -10,372 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | TriPoint Bus Park [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 9,057 | |||
Building and improvements | 23,727 | |||
Costs capitalized subsequent to acquisition | 4,071 | |||
Carrying amount of land | 9,057 | |||
Carrying amount of buildings and improvements | 27,798 | |||
Carrying amount of land and buildings and improvements, Total | 36,855 | |||
Accumulated Depreciation | -3,275 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Utah Airfreight [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,657 | |||
Building and improvements | 42,842 | |||
Costs capitalized subsequent to acquisition | 932 | |||
Carrying amount of land | 10,657 | |||
Carrying amount of buildings and improvements | 43,774 | |||
Carrying amount of land and buildings and improvements, Total | 54,431 | |||
Accumulated Depreciation | -5,746 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Wiegman Road [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,285 | |||
Building and improvements | 12,531 | |||
Costs capitalized subsequent to acquisition | 401 | |||
Carrying amount of land | 2,285 | |||
Carrying amount of buildings and improvements | 12,932 | |||
Carrying amount of land and buildings and improvements, Total | 15,217 | |||
Accumulated Depreciation | -1,439 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Willow Park Ind - Ph 1 [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 6,628 | |||
Building and improvements | 18,118 | |||
Costs capitalized subsequent to acquisition | 553 | |||
Carrying amount of land | 6,628 | |||
Carrying amount of buildings and improvements | 18,671 | |||
Carrying amount of land and buildings and improvements, Total | 25,299 | |||
Accumulated Depreciation | -3,249 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Willow Park Ind - Ph 2 and 3 [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 15,086 | |||
Building and improvements | 27,044 | |||
Costs capitalized subsequent to acquisition | 1,616 | |||
Carrying amount of land | 15,086 | |||
Carrying amount of buildings and improvements | 28,660 | |||
Carrying amount of land and buildings and improvements, Total | 43,746 | |||
Accumulated Depreciation | -4,559 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Willow Park Ind - Ph 4 5 7 8 [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 12,131 | |||
Building and improvements | 65,486 | |||
Costs capitalized subsequent to acquisition | 2,694 | |||
Carrying amount of land | 12,131 | |||
Carrying amount of buildings and improvements | 68,180 | |||
Carrying amount of land and buildings and improvements, Total | 80,311 | |||
Accumulated Depreciation | -9,436 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Willow Park Ind - Ph 6 [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,696 | |||
Building and improvements | 20,929 | |||
Costs capitalized subsequent to acquisition | 2,196 | |||
Carrying amount of land | 3,696 | |||
Carrying amount of buildings and improvements | 23,125 | |||
Carrying amount of land and buildings and improvements, Total | 26,821 | |||
Accumulated Depreciation | -3,626 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Yosemite Drive [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,439 | |||
Building and improvements | 12,068 | |||
Costs capitalized subsequent to acquisition | 288 | |||
Carrying amount of land | 2,439 | |||
Carrying amount of buildings and improvements | 12,356 | |||
Carrying amount of land and buildings and improvements, Total | 14,795 | |||
Accumulated Depreciation | -1,567 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Zanker-Charcot Industrial [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 4,867 | |||
Building and improvements | 28,750 | |||
Costs capitalized subsequent to acquisition | 1,362 | |||
Carrying amount of land | 4,867 | |||
Carrying amount of buildings and improvements | 30,112 | |||
Carrying amount of land and buildings and improvements, Total | 34,979 | |||
Accumulated Depreciation | -3,832 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Morgan Bus Ctr [Member] | Savannah, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,161 | |||
Building and improvements | 14,680 | |||
Costs capitalized subsequent to acquisition | 1,234 | |||
Carrying amount of land | 2,161 | |||
Carrying amount of buildings and improvements | 15,914 | |||
Carrying amount of land and buildings and improvements, Total | 18,075 | |||
Accumulated Depreciation | -1,675 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | East Valley Warehouse [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,472 | |||
Building and improvements | 57,825 | |||
Costs capitalized subsequent to acquisition | 793 | |||
Carrying amount of land | 10,472 | |||
Carrying amount of buildings and improvements | 58,618 | |||
Carrying amount of land and buildings and improvements, Total | 69,090 | |||
Accumulated Depreciation | -6,704 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Fife Distribution Center [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,245 | |||
Costs capitalized subsequent to acquisition | 13,366 | |||
Carrying amount of land | 3,245 | |||
Carrying amount of buildings and improvements | 13,366 | |||
Carrying amount of land and buildings and improvements, Total | 16,611 | |||
Accumulated Depreciation | -401 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Harvest Business Park [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 3,541 | |||
Building and improvements | 18,827 | |||
Costs capitalized subsequent to acquisition | 747 | |||
Carrying amount of land | 3,541 | |||
Carrying amount of buildings and improvements | 19,574 | |||
Carrying amount of land and buildings and improvements, Total | 23,115 | |||
Accumulated Depreciation | -2,488 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kent Centre Corporate Park [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 5,397 | |||
Building and improvements | 21,599 | |||
Costs capitalized subsequent to acquisition | 656 | |||
Carrying amount of land | 5,397 | |||
Carrying amount of buildings and improvements | 22,255 | |||
Carrying amount of land and buildings and improvements, Total | 27,652 | |||
Accumulated Depreciation | -2,856 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kingsport Industrial Park [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 16,605 | |||
Building and improvements | 48,942 | |||
Costs capitalized subsequent to acquisition | 2,233 | |||
Carrying amount of land | 16,800 | |||
Carrying amount of buildings and improvements | 50,980 | |||
Carrying amount of land and buildings and improvements, Total | 67,780 | |||
Accumulated Depreciation | -8,620 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northwest Distribution Center [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 5,114 | |||
Building and improvements | 24,090 | |||
Costs capitalized subsequent to acquisition | 1,747 | |||
Carrying amount of land | 5,114 | |||
Carrying amount of buildings and improvements | 25,837 | |||
Carrying amount of land and buildings and improvements, Total | 30,951 | |||
Accumulated Depreciation | -3,273 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Prologis Park SeaTac [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 12,230 | |||
Building and improvements | 14,170 | |||
Costs capitalized subsequent to acquisition | 3,453 | |||
Carrying amount of land | 12,457 | |||
Carrying amount of buildings and improvements | 17,396 | |||
Carrying amount of land and buildings and improvements, Total | 29,853 | |||
Accumulated Depreciation | -3,124 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Puget Sound Airfreight [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,408 | |||
Building and improvements | 4,201 | |||
Costs capitalized subsequent to acquisition | 210 | |||
Carrying amount of land | 1,408 | |||
Carrying amount of buildings and improvements | 4,411 | |||
Carrying amount of land and buildings and improvements, Total | 5,819 | |||
Accumulated Depreciation | -572 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Renton Northwest Corp. Park [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 5,102 | |||
Building and improvements | 17,946 | |||
Costs capitalized subsequent to acquisition | 478 | |||
Carrying amount of land | 5,102 | |||
Carrying amount of buildings and improvements | 18,424 | |||
Carrying amount of land and buildings and improvements, Total | 23,526 | |||
Accumulated Depreciation | -2,800 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | SEA Cargo Center North [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 10,279 | |||
Costs capitalized subsequent to acquisition | 40 | |||
Carrying amount of buildings and improvements | 10,319 | |||
Carrying amount of land and buildings and improvements, Total | 10,319 | |||
Accumulated Depreciation | -5,674 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | SEA Cargo Center South [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 2,745 | |||
Costs capitalized subsequent to acquisition | 11 | |||
Carrying amount of buildings and improvements | 2,756 | |||
Carrying amount of land and buildings and improvements, Total | 2,756 | |||
Accumulated Depreciation | -2,722 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Sumner Landing [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 10,332 | |||
Building and improvements | 32,545 | |||
Costs capitalized subsequent to acquisition | 767 | |||
Carrying amount of land | 10,332 | |||
Carrying amount of buildings and improvements | 33,312 | |||
Carrying amount of land and buildings and improvements, Total | 43,644 | |||
Accumulated Depreciation | -3,391 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Van Doren's Distribution Center [Member] | Seattle, Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,166 | |||
Building and improvements | 7,716 | |||
Costs capitalized subsequent to acquisition | 7 | |||
Carrying amount of land | 3,166 | |||
Carrying amount of buildings and improvements | 7,723 | |||
Carrying amount of land and buildings and improvements, Total | 10,889 | |||
Accumulated Depreciation | -58 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chancellor Distribution Center [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 380 | |||
Building and improvements | 2,157 | |||
Costs capitalized subsequent to acquisition | 2,566 | |||
Carrying amount of land | 380 | |||
Carrying amount of buildings and improvements | 4,723 | |||
Carrying amount of land and buildings and improvements, Total | 5,103 | |||
Accumulated Depreciation | -2,933 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chancellor Square [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 2,087 | |||
Building and improvements | 9,708 | |||
Costs capitalized subsequent to acquisition | 2,150 | |||
Carrying amount of land | 2,087 | |||
Carrying amount of buildings and improvements | 11,858 | |||
Carrying amount of land and buildings and improvements, Total | 13,945 | |||
Accumulated Depreciation | -1,615 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Consulate Distribution Center [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 6,105 | |||
Building and improvements | 31,961 | |||
Costs capitalized subsequent to acquisition | 2,111 | |||
Carrying amount of land | 6,105 | |||
Carrying amount of buildings and improvements | 34,072 | |||
Carrying amount of land and buildings and improvements, Total | 40,177 | |||
Accumulated Depreciation | -13,678 | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Davenport Dist Ctr [[Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 934 | |||
Building and improvements | 3,991 | |||
Costs capitalized subsequent to acquisition | 96 | |||
Carrying amount of land | 934 | |||
Carrying amount of buildings and improvements | 4,087 | |||
Carrying amount of land and buildings and improvements, Total | 5,021 | |||
Accumulated Depreciation | -439 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Orlando Central Park [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,398 | |||
Building and improvements | 5,977 | |||
Costs capitalized subsequent to acquisition | 400 | |||
Carrying amount of land | 1,398 | |||
Carrying amount of buildings and improvements | 6,377 | |||
Carrying amount of land and buildings and improvements, Total | 7,775 | |||
Accumulated Depreciation | -765 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Orlando Corp Ctr [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 8,061 | |||
Building and improvements | 34,860 | |||
Costs capitalized subsequent to acquisition | 251 | |||
Carrying amount of land | 8,061 | |||
Carrying amount of buildings and improvements | 35,111 | |||
Carrying amount of land and buildings and improvements, Total | 43,172 | |||
Accumulated Depreciation | -279 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Presidents Drive [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 6,845 | |||
Building and improvements | 31,180 | |||
Costs capitalized subsequent to acquisition | 3,937 | |||
Carrying amount of land | 6,845 | |||
Carrying amount of buildings and improvements | 35,117 | |||
Carrying amount of land and buildings and improvements, Total | 41,962 | |||
Accumulated Depreciation | -5,198 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Sand Lake Service Center [Member] | Orlando, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 3,704 | |||
Building and improvements | 19,546 | |||
Costs capitalized subsequent to acquisition | 3,169 | |||
Carrying amount of land | 3,704 | |||
Carrying amount of buildings and improvements | 22,715 | |||
Carrying amount of land and buildings and improvements, Total | 26,419 | |||
Accumulated Depreciation | -3,410 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | 24th Street Industrial Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 503 | |||
Building and improvements | 2,852 | |||
Costs capitalized subsequent to acquisition | 1,909 | |||
Carrying amount of land | 561 | |||
Carrying amount of buildings and improvements | 4,703 | |||
Carrying amount of land and buildings and improvements, Total | 5,264 | |||
Accumulated Depreciation | -3,458 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Alameda Distribution Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,872 | |||
Building and improvements | 14,358 | |||
Costs capitalized subsequent to acquisition | 2,474 | |||
Carrying amount of land | 3,872 | |||
Carrying amount of buildings and improvements | 16,832 | |||
Carrying amount of land and buildings and improvements, Total | 20,704 | |||
Accumulated Depreciation | -5,566 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Brookridge Dist Ctr [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,897 | |||
Building and improvements | 16,852 | |||
Costs capitalized subsequent to acquisition | 7 | |||
Carrying amount of land | 3,897 | |||
Carrying amount of buildings and improvements | 16,859 | |||
Carrying amount of land and buildings and improvements, Total | 20,756 | |||
Accumulated Depreciation | -135 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hohokam 10 Business Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,317 | |||
Building and improvements | 7,468 | |||
Costs capitalized subsequent to acquisition | 1,306 | |||
Carrying amount of land | 1,318 | |||
Carrying amount of buildings and improvements | 8,773 | |||
Carrying amount of land and buildings and improvements, Total | 10,091 | |||
Accumulated Depreciation | -4,587 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kyrene Commons Distribution Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 1,093 | |||
Building and improvements | 5,475 | |||
Costs capitalized subsequent to acquisition | 2,500 | |||
Carrying amount of land | 1,093 | |||
Carrying amount of buildings and improvements | 7,975 | |||
Carrying amount of land and buildings and improvements, Total | 9,068 | |||
Accumulated Depreciation | -4,895 | |||
Date of Construction/ Acquisition | 1992, 1998, 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Papago Distribution Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 4,828 | |||
Building and improvements | 20,017 | |||
Costs capitalized subsequent to acquisition | 4,919 | |||
Carrying amount of land | 4,829 | |||
Carrying amount of buildings and improvements | 24,935 | |||
Carrying amount of land and buildings and improvements, Total | 29,764 | |||
Accumulated Depreciation | -9,573 | |||
Date of Construction/ Acquisition | 1994, 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Phoenix Distribution Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,441 | |||
Building and improvements | 5,578 | |||
Costs capitalized subsequent to acquisition | 216 | |||
Carrying amount of land | 1,441 | |||
Carrying amount of buildings and improvements | 5,794 | |||
Carrying amount of land and buildings and improvements, Total | 7,235 | |||
Accumulated Depreciation | -501 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | University Dr Distribution Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 683 | |||
Building and improvements | 2,735 | |||
Costs capitalized subsequent to acquisition | 454 | |||
Carrying amount of land | 683 | |||
Carrying amount of buildings and improvements | 3,189 | |||
Carrying amount of land and buildings and improvements, Total | 3,872 | |||
Accumulated Depreciation | -1,009 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Watkins Street Distribution Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 242 | |||
Building and improvements | 1,375 | |||
Costs capitalized subsequent to acquisition | 596 | |||
Carrying amount of land | 243 | |||
Carrying amount of buildings and improvements | 1,970 | |||
Carrying amount of land and buildings and improvements, Total | 2,213 | |||
Accumulated Depreciation | -1,340 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Wilson Drive Distribution Center [Member] | Phoenix, Arizona [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,273 | |||
Building and improvements | 5,093 | |||
Costs capitalized subsequent to acquisition | 926 | |||
Carrying amount of land | 1,273 | |||
Carrying amount of buildings and improvements | 6,019 | |||
Carrying amount of land and buildings and improvements, Total | 7,292 | |||
Accumulated Depreciation | -1,951 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Clackamas Dist Ctr [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 8,828 | |||
Building and improvements | 29,081 | |||
Costs capitalized subsequent to acquisition | 80 | |||
Carrying amount of land | 8,828 | |||
Carrying amount of buildings and improvements | 29,161 | |||
Carrying amount of land and buildings and improvements, Total | 37,989 | |||
Accumulated Depreciation | -841 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | PDX Cargo Center Airtrans [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Building and improvements | 13,697 | |||
Costs capitalized subsequent to acquisition | 211 | |||
Carrying amount of buildings and improvements | 13,908 | |||
Carrying amount of land and buildings and improvements, Total | 13,908 | |||
Accumulated Depreciation | -2,725 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | PDX Corporate Center East [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 7,126 | |||
Building and improvements | 22,413 | |||
Costs capitalized subsequent to acquisition | 47 | |||
Carrying amount of land | 7,126 | |||
Carrying amount of buildings and improvements | 22,460 | |||
Carrying amount of land and buildings and improvements, Total | 29,586 | |||
Accumulated Depreciation | -171 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | PDX Corporate Center North Phase II [Member] | Portland, Oregon [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 10,293 | |||
Building and improvements | 26,183 | |||
Costs capitalized subsequent to acquisition | 1,835 | |||
Carrying amount of land | 10,293 | |||
Carrying amount of buildings and improvements | 28,018 | |||
Carrying amount of land and buildings and improvements, Total | 38,311 | |||
Accumulated Depreciation | -2,290 | |||
Date of Construction/ Acquisition | 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Damonte Ranch Dist Ctr [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 8,764 | |||
Building and improvements | 37,135 | |||
Costs capitalized subsequent to acquisition | 877 | |||
Carrying amount of land | 8,764 | |||
Carrying amount of buildings and improvements | 38,012 | |||
Carrying amount of land and buildings and improvements, Total | 46,776 | |||
Accumulated Depreciation | -3,290 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Golden Valley Distribution Center [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 940 | |||
Building and improvements | 13,686 | |||
Costs capitalized subsequent to acquisition | 2,223 | |||
Carrying amount of land | 2,415 | |||
Carrying amount of buildings and improvements | 14,434 | |||
Carrying amount of land and buildings and improvements, Total | 16,849 | |||
Accumulated Depreciation | -4,570 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meredith Kleppe Business Center [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 2,988 | |||
Building and improvements | 11,271 | |||
Costs capitalized subsequent to acquisition | 3,674 | |||
Carrying amount of land | 2,988 | |||
Carrying amount of buildings and improvements | 14,945 | |||
Carrying amount of land and buildings and improvements, Total | 17,933 | |||
Accumulated Depreciation | -3,274 | |||
Date of Construction/ Acquisition | 1993, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Packer Way Distribution Center [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 506 | |||
Building and improvements | 2,879 | |||
Costs capitalized subsequent to acquisition | 1,921 | |||
Carrying amount of land | 506 | |||
Carrying amount of buildings and improvements | 4,800 | |||
Carrying amount of land and buildings and improvements, Total | 5,306 | |||
Accumulated Depreciation | -3,480 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | RNO Cargo Center 10_11 [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Building and improvements | 4,265 | |||
Costs capitalized subsequent to acquisition | 306 | |||
Carrying amount of buildings and improvements | 4,571 | |||
Carrying amount of land and buildings and improvements, Total | 4,571 | |||
Accumulated Depreciation | -1,103 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Tahoe- Reno Industrial Center [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,281 | |||
Costs capitalized subsequent to acquisition | 23,844 | |||
Carrying amount of land | 3,281 | |||
Carrying amount of buildings and improvements | 23,844 | |||
Carrying amount of land and buildings and improvements, Total | 27,125 | |||
Accumulated Depreciation | -4,971 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vista Industrial Park [Member] | Reno, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 5,923 | |||
Building and improvements | 26,807 | |||
Costs capitalized subsequent to acquisition | 10,192 | |||
Carrying amount of land | 5,923 | |||
Carrying amount of buildings and improvements | 36,999 | |||
Carrying amount of land and buildings and improvements, Total | 42,922 | |||
Accumulated Depreciation | -17,670 | |||
Date of Construction/ Acquisition | 1994, 2001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Clearfield Ind Ctr [Member] | Salt Lake City, Utah [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,485 | |||
Building and improvements | 15,581 | |||
Carrying amount of land | 3,485 | |||
Carrying amount of buildings and improvements | 15,581 | |||
Carrying amount of land and buildings and improvements, Total | 19,066 | |||
Accumulated Depreciation | -184 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Crossroads Corp Ctr [Member] | Salt Lake City, Utah [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,007 | |||
Building and improvements | 16,855 | |||
Costs capitalized subsequent to acquisition | 106 | |||
Carrying amount of land | 4,005 | |||
Carrying amount of buildings and improvements | 16,963 | |||
Carrying amount of land and buildings and improvements, Total | 20,968 | |||
Accumulated Depreciation | -794 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Coliseum Distribution Center [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,607 | |||
Building and improvements | 6,968 | |||
Carrying amount of land | 1,607 | |||
Carrying amount of buildings and improvements | 6,968 | |||
Carrying amount of land and buildings and improvements, Total | 8,575 | |||
Accumulated Depreciation | -56 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Director Drive Dist Ctr [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,271 | |||
Building and improvements | 5,455 | |||
Costs capitalized subsequent to acquisition | 220 | |||
Carrying amount of land | 1,271 | |||
Carrying amount of buildings and improvements | 5,675 | |||
Carrying amount of land and buildings and improvements, Total | 6,946 | |||
Accumulated Depreciation | -729 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Downtown Dist Ctr [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 579 | |||
Building and improvements | 2,539 | |||
Carrying amount of land | 579 | |||
Carrying amount of buildings and improvements | 2,539 | |||
Carrying amount of land and buildings and improvements, Total | 3,118 | |||
Accumulated Depreciation | -21 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Eisenhauer Distribution Center [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 5,042 | |||
Building and improvements | 21,684 | |||
Costs capitalized subsequent to acquisition | 388 | |||
Carrying amount of land | 5,042 | |||
Carrying amount of buildings and improvements | 22,072 | |||
Carrying amount of land and buildings and improvements, Total | 27,114 | |||
Accumulated Depreciation | -1,840 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Interchange East Dist Ctr [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,496 | |||
Building and improvements | 6,535 | |||
Costs capitalized subsequent to acquisition | 234 | |||
Carrying amount of land | 1,496 | |||
Carrying amount of buildings and improvements | 6,769 | |||
Carrying amount of land and buildings and improvements, Total | 8,265 | |||
Accumulated Depreciation | -1,098 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Landmark One Dist Ctr [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 857 | |||
Building and improvements | 3,699 | |||
Carrying amount of land | 857 | |||
Carrying amount of buildings and improvements | 3,699 | |||
Carrying amount of land and buildings and improvements, Total | 4,556 | |||
Accumulated Depreciation | -29 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Macro Distribution Center [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 2,535 | |||
Building and improvements | 12,647 | |||
Costs capitalized subsequent to acquisition | 3,900 | |||
Carrying amount of land | 2,535 | |||
Carrying amount of buildings and improvements | 16,547 | |||
Carrying amount of land and buildings and improvements, Total | 19,082 | |||
Accumulated Depreciation | -4,757 | |||
Date of Construction/ Acquisition | 2002, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Perrin Creek Corporate Center [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 9,770 | |||
Building and improvements | 41,337 | |||
Costs capitalized subsequent to acquisition | 177 | |||
Carrying amount of land | 9,770 | |||
Carrying amount of buildings and improvements | 41,514 | |||
Carrying amount of land and buildings and improvements, Total | 51,284 | |||
Accumulated Depreciation | -2,503 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Rittiman East Industrial Park [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,848 | |||
Building and improvements | 19,223 | |||
Costs capitalized subsequent to acquisition | 2,804 | |||
Carrying amount of land | 4,848 | |||
Carrying amount of buildings and improvements | 22,027 | |||
Carrying amount of land and buildings and improvements, Total | 26,875 | |||
Accumulated Depreciation | -6,192 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Rittiman West Industrial Park [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,230 | |||
Building and improvements | 4,950 | |||
Costs capitalized subsequent to acquisition | 1,159 | |||
Carrying amount of land | 1,230 | |||
Carrying amount of buildings and improvements | 6,109 | |||
Carrying amount of land and buildings and improvements, Total | 7,339 | |||
Accumulated Depreciation | -1,949 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | San Antonio Distribution Center I [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 1,203 | |||
Building and improvements | 4,648 | |||
Costs capitalized subsequent to acquisition | 7,363 | |||
Carrying amount of land | 1,203 | |||
Carrying amount of buildings and improvements | 12,011 | |||
Carrying amount of land and buildings and improvements, Total | 13,214 | |||
Accumulated Depreciation | -8,928 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | San Antonio Distribution Center II [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 885 | |||
Costs capitalized subsequent to acquisition | 7,588 | |||
Carrying amount of land | 885 | |||
Carrying amount of buildings and improvements | 7,588 | |||
Carrying amount of land and buildings and improvements, Total | 8,473 | |||
Accumulated Depreciation | -4,297 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | San Antonio Distribution Center III [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 5,079 | |||
Building and improvements | 23,372 | |||
Costs capitalized subsequent to acquisition | 956 | |||
Carrying amount of land | 5,083 | |||
Carrying amount of buildings and improvements | 24,324 | |||
Carrying amount of land and buildings and improvements, Total | 29,407 | |||
Accumulated Depreciation | -2,976 | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Tri- County Distribution Center [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 6,888 | |||
Building and improvements | 28,693 | |||
Costs capitalized subsequent to acquisition | 651 | |||
Carrying amount of land | 6,889 | |||
Carrying amount of buildings and improvements | 29,343 | |||
Carrying amount of land and buildings and improvements, Total | 36,232 | |||
Accumulated Depreciation | -3,467 | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Valley Industrial Center [Member] | San Antonio, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 363 | |||
Costs capitalized subsequent to acquisition | 4,872 | |||
Carrying amount of land | 363 | |||
Carrying amount of buildings and improvements | 4,872 | |||
Carrying amount of land and buildings and improvements, Total | 5,235 | |||
Accumulated Depreciation | -2,504 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | CentrePointe Distribution Center [Member] | Nashville Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,760 | |||
Building and improvements | 15,042 | |||
Costs capitalized subsequent to acquisition | 72 | |||
Carrying amount of land | 3,760 | |||
Carrying amount of buildings and improvements | 15,114 | |||
Carrying amount of land and buildings and improvements, Total | 18,874 | |||
Accumulated Depreciation | -525 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Elam Farms Park [Member] | Nashville Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,097 | |||
Building and improvements | 8,386 | |||
Costs capitalized subsequent to acquisition | 1,834 | |||
Carrying amount of land | 2,097 | |||
Carrying amount of buildings and improvements | 10,220 | |||
Carrying amount of land and buildings and improvements, Total | 12,317 | |||
Accumulated Depreciation | -585 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | I-40 Industrial Center [Member] | Nashville Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 3,075 | |||
Building and improvements | 15,333 | |||
Costs capitalized subsequent to acquisition | 3,713 | |||
Carrying amount of land | 3,075 | |||
Carrying amount of buildings and improvements | 19,046 | |||
Carrying amount of land and buildings and improvements, Total | 22,121 | |||
Accumulated Depreciation | -7,202 | |||
Date of Construction/ Acquisition | 1995, 1996, 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Interchange City Distribution Center [Member] | Nashville Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 11 | |||
Land | 11,460 | |||
Building and improvements | 51,905 | |||
Costs capitalized subsequent to acquisition | 1,640 | |||
Carrying amount of land | 11,460 | |||
Carrying amount of buildings and improvements | 53,545 | |||
Carrying amount of land and buildings and improvements, Total | 65,005 | |||
Accumulated Depreciation | -2,203 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southpark Distribution Center [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,343 | |||
Building and improvements | 15,182 | |||
Costs capitalized subsequent to acquisition | 3,370 | |||
Carrying amount of land | 3,343 | |||
Carrying amount of buildings and improvements | 18,552 | |||
Carrying amount of land and buildings and improvements, Total | 21,895 | |||
Accumulated Depreciation | -7,766 | |||
Date of Construction/ Acquisition | 1999, 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southpark Distribution Center [Member] | Nashville Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 11,834 | |||
Building and improvements | 47,336 | |||
Costs capitalized subsequent to acquisition | 626 | |||
Carrying amount of land | 11,834 | |||
Carrying amount of buildings and improvements | 47,962 | |||
Carrying amount of land and buildings and improvements, Total | 59,796 | |||
Accumulated Depreciation | -1,654 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Brunswick Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 870 | |||
Building and improvements | 4,928 | |||
Costs capitalized subsequent to acquisition | 2,855 | |||
Carrying amount of land | 870 | |||
Carrying amount of buildings and improvements | 7,783 | |||
Carrying amount of land and buildings and improvements, Total | 8,653 | |||
Accumulated Depreciation | -5,055 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Centerpoint Dist Ctr [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,839 | |||
Building and improvements | 12,490 | |||
Costs capitalized subsequent to acquisition | 1,753 | |||
Carrying amount of land | 2,839 | |||
Carrying amount of buildings and improvements | 14,243 | |||
Carrying amount of land and buildings and improvements, Total | 17,082 | |||
Accumulated Depreciation | -1,684 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chester Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 548 | |||
Building and improvements | 5,319 | |||
Costs capitalized subsequent to acquisition | 300 | |||
Carrying amount of land | 548 | |||
Carrying amount of buildings and improvements | 5,619 | |||
Carrying amount of land and buildings and improvements, Total | 6,167 | |||
Accumulated Depreciation | -4,169 | |||
Date of Construction/ Acquisition | 2002 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Clifton Dist Ctr [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 8,064 | |||
Building and improvements | 12,096 | |||
Costs capitalized subsequent to acquisition | 1,322 | |||
Carrying amount of land | 8,064 | |||
Carrying amount of buildings and improvements | 13,418 | |||
Carrying amount of land and buildings and improvements, Total | 21,482 | |||
Accumulated Depreciation | -2,031 | |||
Date of Construction/ Acquisition | 2010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Cranbury Bus Park [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 43,056 | |||
Building and improvements | 93,306 | |||
Costs capitalized subsequent to acquisition | 2,013 | |||
Carrying amount of land | 43,056 | |||
Carrying amount of buildings and improvements | 95,319 | |||
Carrying amount of land and buildings and improvements, Total | 138,375 | |||
Accumulated Depreciation | -5,391 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dellamor [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 6,710 | |||
Building and improvements | 35,478 | |||
Costs capitalized subsequent to acquisition | 2,029 | |||
Carrying amount of land | 6,710 | |||
Carrying amount of buildings and improvements | 37,507 | |||
Carrying amount of land and buildings and improvements, Total | 44,217 | |||
Accumulated Depreciation | -5,876 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Docks Cornor SG (Phase II) [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 16,232 | |||
Building and improvements | 19,264 | |||
Costs capitalized subsequent to acquisition | 5,677 | |||
Carrying amount of land | 16,232 | |||
Carrying amount of buildings and improvements | 24,941 | |||
Carrying amount of land and buildings and improvements, Total | 41,173 | |||
Accumulated Depreciation | -5,680 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Exit 10 Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 24,152 | |||
Building and improvements | 130,270 | |||
Costs capitalized subsequent to acquisition | 7,881 | |||
Carrying amount of land | 24,152 | |||
Carrying amount of buildings and improvements | 138,151 | |||
Carrying amount of land and buildings and improvements, Total | 162,303 | |||
Accumulated Depreciation | -42,058 | |||
Date of Construction/ Acquisition | 2005, 2010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Exit 8A Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 21,164 | |||
Building and improvements | 87,001 | |||
Costs capitalized subsequent to acquisition | 563 | |||
Carrying amount of land | 21,164 | |||
Carrying amount of buildings and improvements | 87,564 | |||
Carrying amount of land and buildings and improvements, Total | 108,728 | |||
Accumulated Depreciation | -14,166 | |||
Date of Construction/ Acquisition | 2005, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Franklin Comm Ctr [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 9,304 | |||
Building and improvements | 23,768 | |||
Costs capitalized subsequent to acquisition | 81 | |||
Carrying amount of land | 9,304 | |||
Carrying amount of buildings and improvements | 23,849 | |||
Carrying amount of land and buildings and improvements, Total | 33,153 | |||
Accumulated Depreciation | -2,641 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Highway 17 55 Madis [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,937 | |||
Building and improvements | 13,477 | |||
Costs capitalized subsequent to acquisition | 1,057 | |||
Carrying amount of land | 2,937 | |||
Carrying amount of buildings and improvements | 14,534 | |||
Carrying amount of land and buildings and improvements, Total | 17,471 | |||
Accumulated Depreciation | -2,114 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | JFK Cargo Center 75_77 [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Building and improvements | 35,916 | |||
Costs capitalized subsequent to acquisition | 3,031 | |||
Carrying amount of buildings and improvements | 38,947 | |||
Carrying amount of land and buildings and improvements, Total | 38,947 | |||
Accumulated Depreciation | -15,166 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kilmer Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 2,526 | |||
Building and improvements | 14,313 | |||
Costs capitalized subsequent to acquisition | 4,206 | |||
Carrying amount of land | 2,526 | |||
Carrying amount of buildings and improvements | 18,519 | |||
Carrying amount of land and buildings and improvements, Total | 21,045 | |||
Accumulated Depreciation | -11,514 | |||
Date of Construction/ Acquisition | 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Liberty Log Ctr [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,273 | |||
Building and improvements | 24,029 | |||
Costs capitalized subsequent to acquisition | 82 | |||
Carrying amount of land | 3,273 | |||
Carrying amount of buildings and improvements | 24,111 | |||
Carrying amount of land and buildings and improvements, Total | 27,384 | |||
Accumulated Depreciation | -2,429 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Linden Industrial [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,321 | |||
Building and improvements | 7,523 | |||
Costs capitalized subsequent to acquisition | 517 | |||
Carrying amount of land | 1,321 | |||
Carrying amount of buildings and improvements | 8,040 | |||
Carrying amount of land and buildings and improvements, Total | 9,361 | |||
Accumulated Depreciation | -1,077 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mahwah Corporate Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 12,695 | |||
Building and improvements | 27,342 | |||
Costs capitalized subsequent to acquisition | 894 | |||
Carrying amount of land | 12,695 | |||
Carrying amount of buildings and improvements | 28,236 | |||
Carrying amount of land and buildings and improvements, Total | 40,931 | |||
Accumulated Depreciation | -3,813 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meadow Lane [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,036 | |||
Building and improvements | 6,388 | |||
Costs capitalized subsequent to acquisition | 2 | |||
Carrying amount of land | 1,036 | |||
Carrying amount of buildings and improvements | 6,390 | |||
Carrying amount of land and buildings and improvements, Total | 7,426 | |||
Accumulated Depreciation | -977 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meadowland Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 10,271 | |||
Building and improvements | 57,480 | |||
Costs capitalized subsequent to acquisition | 4,923 | |||
Carrying amount of land | 10,271 | |||
Carrying amount of buildings and improvements | 62,403 | |||
Carrying amount of land and buildings and improvements, Total | 72,674 | |||
Accumulated Depreciation | -19,387 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meadowland Industrial Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 4,190 | |||
Building and improvements | 13,469 | |||
Costs capitalized subsequent to acquisition | 17,338 | |||
Carrying amount of land | 4,190 | |||
Carrying amount of buildings and improvements | 30,807 | |||
Carrying amount of land and buildings and improvements, Total | 34,997 | |||
Accumulated Depreciation | -19,933 | |||
Date of Construction/ Acquisition | 1996, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meadowlands ALF II [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 3,972 | |||
Building and improvements | 18,895 | |||
Costs capitalized subsequent to acquisition | 3,042 | |||
Carrying amount of land | 3,972 | |||
Carrying amount of buildings and improvements | 21,937 | |||
Carrying amount of land and buildings and improvements, Total | 25,909 | |||
Accumulated Depreciation | -2,768 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meadowlands Park [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 6,898 | |||
Building and improvements | 41,471 | |||
Costs capitalized subsequent to acquisition | 1,790 | |||
Carrying amount of land | 6,898 | |||
Carrying amount of buildings and improvements | 43,261 | |||
Carrying amount of land and buildings and improvements, Total | 50,159 | |||
Accumulated Depreciation | -6,510 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mooncreek Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,319 | |||
Building and improvements | 13,422 | |||
Costs capitalized subsequent to acquisition | 15 | |||
Carrying amount of land | 3,319 | |||
Carrying amount of buildings and improvements | 13,437 | |||
Carrying amount of land and buildings and improvements, Total | 16,756 | |||
Accumulated Depreciation | -2,227 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Murray Hill Parkway [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,907 | |||
Building and improvements | 12,040 | |||
Costs capitalized subsequent to acquisition | 225 | |||
Carrying amount of land | 2,907 | |||
Carrying amount of buildings and improvements | 12,265 | |||
Carrying amount of land and buildings and improvements, Total | 15,172 | |||
Accumulated Depreciation | -1,686 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | National Dist Ctr [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,417 | |||
Building and improvements | 4,244 | |||
Costs capitalized subsequent to acquisition | 128 | |||
Carrying amount of land | 2,417 | |||
Carrying amount of buildings and improvements | 4,372 | |||
Carrying amount of land and buildings and improvements, Total | 6,789 | |||
Accumulated Depreciation | -58 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Newark Airport I and II [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,757 | |||
Building and improvements | 8,749 | |||
Costs capitalized subsequent to acquisition | 368 | |||
Carrying amount of land | 2,757 | |||
Carrying amount of buildings and improvements | 9,117 | |||
Carrying amount of land and buildings and improvements, Total | 11,874 | |||
Accumulated Depreciation | -1,154 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Orchard Hill [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 678 | |||
Building and improvements | 3,756 | |||
Costs capitalized subsequent to acquisition | 20 | |||
Carrying amount of land | 678 | |||
Carrying amount of buildings and improvements | 3,776 | |||
Carrying amount of land and buildings and improvements, Total | 4,454 | |||
Accumulated Depreciation | -616 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pennsauken Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 192 | |||
Building and improvements | 959 | |||
Costs capitalized subsequent to acquisition | 509 | |||
Carrying amount of land | 203 | |||
Carrying amount of buildings and improvements | 1,457 | |||
Carrying amount of land and buildings and improvements, Total | 1,660 | |||
Accumulated Depreciation | -827 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Porete Avenue Warehouse [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,386 | |||
Building and improvements | 21,869 | |||
Costs capitalized subsequent to acquisition | 435 | |||
Carrying amount of land | 5,386 | |||
Carrying amount of buildings and improvements | 22,304 | |||
Carrying amount of land and buildings and improvements, Total | 27,690 | |||
Accumulated Depreciation | -2,645 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Ports Jersey City Distribution Center[Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 34,133 | |||
Costs capitalized subsequent to acquisition | 60,354 | |||
Carrying amount of land | 34,133 | |||
Carrying amount of buildings and improvements | 60,354 | |||
Carrying amount of land and buildings and improvements, Total | 94,487 | |||
Accumulated Depreciation | -663 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Portview Commerce Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 9,577 | |||
Building and improvements | 21,581 | |||
Costs capitalized subsequent to acquisition | 17,790 | |||
Carrying amount of land | 9,797 | |||
Carrying amount of buildings and improvements | 39,151 | |||
Carrying amount of land and buildings and improvements, Total | 48,948 | |||
Accumulated Depreciation | -3,267 | |||
Date of Construction/ Acquisition | 2011, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Rancocas Dist Ctr [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,103 | |||
Building and improvements | 17,291 | |||
Costs capitalized subsequent to acquisition | 235 | |||
Carrying amount of land | 4,103 | |||
Carrying amount of buildings and improvements | 17,526 | |||
Carrying amount of land and buildings and improvements, Total | 21,629 | |||
Accumulated Depreciation | -1,832 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Secaucus Dist Ctr [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 9,603 | |||
Costs capitalized subsequent to acquisition | 26,882 | |||
Carrying amount of land | 9,603 | |||
Carrying amount of buildings and improvements | 26,882 | |||
Carrying amount of land and buildings and improvements, Total | 36,485 | |||
Accumulated Depreciation | -1,384 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Skyland Crossdock [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 9,831 | |||
Costs capitalized subsequent to acquisition | 1,293 | |||
Carrying amount of buildings and improvements | 11,124 | |||
Carrying amount of land and buildings and improvements, Total | 11,124 | |||
Accumulated Depreciation | -1,825 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | South Jersey Distribution Center [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,912 | |||
Building and improvements | 17,437 | |||
Costs capitalized subsequent to acquisition | 181 | |||
Carrying amount of land | 6,912 | |||
Carrying amount of buildings and improvements | 17,618 | |||
Carrying amount of land and buildings and improvements, Total | 24,530 | |||
Accumulated Depreciation | -922 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Teterboro Meadowlands 15 [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,837 | |||
Building and improvements | 23,214 | |||
Carrying amount of land | 5,837 | |||
Carrying amount of buildings and improvements | 23,214 | |||
Carrying amount of land and buildings and improvements, Total | 29,051 | |||
Accumulated Depreciation | -3,067 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Two South Middlesex [Member] | New Jersey/New York City [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,389 | |||
Building and improvements | 8,410 | |||
Costs capitalized subsequent to acquisition | 441 | |||
Carrying amount of land | 4,389 | |||
Carrying amount of buildings and improvements | 8,851 | |||
Carrying amount of land and buildings and improvements, Total | 13,240 | |||
Accumulated Depreciation | -1,494 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chesapeake Distribution Center [Member] | Norfolk Virginia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,335 | |||
Building and improvements | 9,665 | |||
Carrying amount of land | 2,335 | |||
Carrying amount of buildings and improvements | 9,665 | |||
Carrying amount of land and buildings and improvements, Total | 12,000 | |||
Accumulated Depreciation | -72 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vista Corporate Center [Member] | El Paso, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 649 | |||
Building and improvements | 6,220 | |||
Carrying amount of land | 649 | |||
Carrying amount of buildings and improvements | 6,220 | |||
Carrying amount of land and buildings and improvements, Total | 6,869 | |||
Accumulated Depreciation | -48 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vista Del Sol Ind Ctr III [Member] | El Paso, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,040 | |||
Building and improvements | 8,840 | |||
Costs capitalized subsequent to acquisition | 85 | |||
Carrying amount of land | 2,040 | |||
Carrying amount of buildings and improvements | 8,925 | |||
Carrying amount of land and buildings and improvements, Total | 10,965 | |||
Accumulated Depreciation | -739 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Vista Del Sol Industrial Center II [Member] | El Paso, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 366 | |||
Costs capitalized subsequent to acquisition | 7,829 | |||
Carrying amount of land | 796 | |||
Carrying amount of buildings and improvements | 7,399 | |||
Carrying amount of land and buildings and improvements, Total | 8,195 | |||
Accumulated Depreciation | -3,931 | |||
Date of Construction/ Acquisition | 1997, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Blalock Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 5,032 | |||
Building and improvements | 21,983 | |||
Costs capitalized subsequent to acquisition | 3,178 | |||
Carrying amount of land | 5,031 | |||
Carrying amount of buildings and improvements | 25,162 | |||
Carrying amount of land and buildings and improvements, Total | 30,193 | |||
Accumulated Depreciation | -4,540 | |||
Date of Construction/ Acquisition | 2002, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Crosstimbers Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 359 | |||
Building and improvements | 2,035 | |||
Costs capitalized subsequent to acquisition | 1,284 | |||
Carrying amount of land | 359 | |||
Carrying amount of buildings and improvements | 3,319 | |||
Carrying amount of land and buildings and improvements, Total | 3,678 | |||
Accumulated Depreciation | -2,350 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | IAH Cargo Center 1 [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 13,267 | |||
Costs capitalized subsequent to acquisition | 252 | |||
Carrying amount of buildings and improvements | 13,519 | |||
Carrying amount of land and buildings and improvements, Total | 13,519 | |||
Accumulated Depreciation | -904 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Jersey Village Corp Ctr [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 17,971 | |||
Building and improvements | 74,804 | |||
Costs capitalized subsequent to acquisition | 309 | |||
Carrying amount of land | 17,971 | |||
Carrying amount of buildings and improvements | 75,113 | |||
Carrying amount of land and buildings and improvements, Total | 93,084 | |||
Accumulated Depreciation | -4,553 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kempwood Business Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 1,746 | |||
Building and improvements | 9,894 | |||
Costs capitalized subsequent to acquisition | 3,504 | |||
Carrying amount of land | 1,746 | |||
Carrying amount of buildings and improvements | 13,398 | |||
Carrying amount of land and buildings and improvements, Total | 15,144 | |||
Accumulated Depreciation | -6,763 | |||
Date of Construction/ Acquisition | 2001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Perimeter Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 676 | |||
Building and improvements | 4,604 | |||
Costs capitalized subsequent to acquisition | 1,004 | |||
Carrying amount of land | 676 | |||
Carrying amount of buildings and improvements | 5,608 | |||
Carrying amount of land and buildings and improvements, Total | 6,284 | |||
Accumulated Depreciation | -2,878 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pine Forest Business Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 11 | |||
Land | 6,042 | |||
Building and improvements | 28,833 | |||
Costs capitalized subsequent to acquisition | 8,637 | |||
Carrying amount of land | 6,042 | |||
Carrying amount of buildings and improvements | 37,470 | |||
Carrying amount of land and buildings and improvements, Total | 43,512 | |||
Accumulated Depreciation | -15,103 | |||
Date of Construction/ Acquisition | 1993, 1995, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pine North Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 847 | |||
Building and improvements | 4,800 | |||
Costs capitalized subsequent to acquisition | 1,203 | |||
Carrying amount of land | 847 | |||
Carrying amount of buildings and improvements | 6,003 | |||
Carrying amount of land and buildings and improvements, Total | 6,850 | |||
Accumulated Depreciation | -3,366 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pinemont Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 642 | |||
Building and improvements | 3,636 | |||
Costs capitalized subsequent to acquisition | 1,000 | |||
Carrying amount of land | 642 | |||
Carrying amount of buildings and improvements | 4,636 | |||
Carrying amount of land and buildings and improvements, Total | 5,278 | |||
Accumulated Depreciation | -2,601 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Post Oak Business Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 11 | |||
Land | 2,334 | |||
Building and improvements | 11,655 | |||
Costs capitalized subsequent to acquisition | 9,663 | |||
Carrying amount of land | 2,334 | |||
Carrying amount of buildings and improvements | 21,318 | |||
Carrying amount of land and buildings and improvements, Total | 23,652 | |||
Accumulated Depreciation | -14,285 | |||
Date of Construction/ Acquisition | 1993, 1994, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Post Oak Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 1,522 | |||
Building and improvements | 8,758 | |||
Costs capitalized subsequent to acquisition | 6,107 | |||
Carrying amount of land | 1,522 | |||
Carrying amount of buildings and improvements | 14,865 | |||
Carrying amount of land and buildings and improvements, Total | 16,387 | |||
Accumulated Depreciation | -10,719 | |||
Date of Construction/ Acquisition | 1993, 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | South Loop Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 418 | |||
Building and improvements | 1,943 | |||
Costs capitalized subsequent to acquisition | 2,213 | |||
Carrying amount of land | 418 | |||
Carrying amount of buildings and improvements | 4,156 | |||
Carrying amount of land and buildings and improvements, Total | 4,574 | |||
Accumulated Depreciation | -2,699 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southland Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,505 | |||
Building and improvements | 12,437 | |||
Costs capitalized subsequent to acquisition | 2,000 | |||
Carrying amount of land | 2,505 | |||
Carrying amount of buildings and improvements | 14,437 | |||
Carrying amount of land and buildings and improvements, Total | 16,942 | |||
Accumulated Depreciation | -4,414 | |||
Date of Construction/ Acquisition | 2002, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Sugarland Corp Ctr [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,506 | |||
Building and improvements | 14,856 | |||
Carrying amount of land | 3,506 | |||
Carrying amount of buildings and improvements | 14,856 | |||
Carrying amount of land and buildings and improvements, Total | 18,362 | |||
Accumulated Depreciation | -115 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | West by Northwest Industrial Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 9 | |||
Land | 11,316 | |||
Building and improvements | 47,649 | |||
Costs capitalized subsequent to acquisition | 3,713 | |||
Carrying amount of land | 11,456 | |||
Carrying amount of buildings and improvements | 51,222 | |||
Carrying amount of land and buildings and improvements, Total | 62,678 | |||
Accumulated Depreciation | -5,342 | |||
Date of Construction/ Acquisition | 1993, 1994, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | White Street Distribution Center [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 469 | |||
Building and improvements | 2,656 | |||
Costs capitalized subsequent to acquisition | 2,420 | |||
Carrying amount of land | 469 | |||
Carrying amount of buildings and improvements | 5,076 | |||
Carrying amount of land and buildings and improvements, Total | 5,545 | |||
Accumulated Depreciation | -3,308 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Wingfoot Dist Ctr [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,976 | |||
Building and improvements | 8,606 | |||
Costs capitalized subsequent to acquisition | 3,436 | |||
Carrying amount of land | 1,976 | |||
Carrying amount of buildings and improvements | 12,042 | |||
Carrying amount of land and buildings and improvements, Total | 14,018 | |||
Accumulated Depreciation | -1,226 | |||
Date of Construction/ Acquisition | 2012, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | World Houston Dist Ctr [Member] | Houston, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,529 | |||
Building and improvements | 6,326 | |||
Costs capitalized subsequent to acquisition | 42 | |||
Carrying amount of land | 1,529 | |||
Carrying amount of buildings and improvements | 6,368 | |||
Carrying amount of land and buildings and improvements, Total | 7,897 | |||
Accumulated Depreciation | -486 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Airport Bus Ctr [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,667 | |||
Building and improvements | 7,244 | |||
Costs capitalized subsequent to acquisition | 6 | |||
Carrying amount of land | 1,667 | |||
Carrying amount of buildings and improvements | 7,250 | |||
Carrying amount of land and buildings and improvements, Total | 8,917 | |||
Accumulated Depreciation | -58 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Airtech Park [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,305 | |||
Building and improvements | 31,388 | |||
Costs capitalized subsequent to acquisition | 1 | |||
Carrying amount of land | 7,305 | |||
Carrying amount of buildings and improvements | 31,389 | |||
Carrying amount of land and buildings and improvements, Total | 38,694 | |||
Accumulated Depreciation | -250 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Eastside Distribution Center [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 228 | |||
Building and improvements | 1,187 | |||
Costs capitalized subsequent to acquisition | 2,068 | |||
Carrying amount of land | 299 | |||
Carrying amount of buildings and improvements | 3,184 | |||
Carrying amount of land and buildings and improvements, Total | 3,483 | |||
Accumulated Depreciation | -1,807 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | North by Northeast Corporate Center [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,058 | |||
Costs capitalized subsequent to acquisition | 9,157 | |||
Carrying amount of land | 1,059 | |||
Carrying amount of buildings and improvements | 9,156 | |||
Carrying amount of land and buildings and improvements, Total | 10,215 | |||
Accumulated Depreciation | -4,848 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | North Plainfield Park Dist Ctr [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 8,562 | |||
Building and improvements | 36,687 | |||
Carrying amount of land | 8,562 | |||
Carrying amount of buildings and improvements | 36,687 | |||
Carrying amount of land and buildings and improvements, Total | 45,249 | |||
Accumulated Depreciation | -289 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Park 100 Industrial Center [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 17 | |||
Land | 10,410 | |||
Building and improvements | 43,048 | |||
Costs capitalized subsequent to acquisition | 21,491 | |||
Carrying amount of land | 10,410 | |||
Carrying amount of buildings and improvements | 64,539 | |||
Carrying amount of land and buildings and improvements, Total | 74,949 | |||
Accumulated Depreciation | -21,704 | |||
Date of Construction/ Acquisition | 1995, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Park 267 [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,705 | |||
Building and improvements | 15,695 | |||
Carrying amount of land | 3,705 | |||
Carrying amount of buildings and improvements | 15,695 | |||
Carrying amount of land and buildings and improvements, Total | 19,400 | |||
Accumulated Depreciation | -122 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Shadeland Industrial Center [Member] | Indianapolis, Indiana [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 428 | |||
Building and improvements | 2,431 | |||
Costs capitalized subsequent to acquisition | 3,150 | |||
Carrying amount of land | 429 | |||
Carrying amount of buildings and improvements | 5,580 | |||
Carrying amount of land and buildings and improvements, Total | 6,009 | |||
Accumulated Depreciation | -3,782 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | JAX Cargo Center [Member] | Jacksonville, Florida [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 2,892 | |||
Costs capitalized subsequent to acquisition | 176 | |||
Carrying amount of buildings and improvements | 3,068 | |||
Carrying amount of land and buildings and improvements, Total | 3,068 | |||
Accumulated Depreciation | -894 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | MCI Cargo Center 1 [Member] | Kansas City Kansas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 2,781 | |||
Costs capitalized subsequent to acquisition | 11 | |||
Carrying amount of buildings and improvements | 2,792 | |||
Carrying amount of land and buildings and improvements, Total | 2,792 | |||
Accumulated Depreciation | -1,297 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | MCI Cargo Center 2 [Member] | Kansas City Kansas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 11,630 | |||
Carrying amount of buildings and improvements | 11,630 | |||
Carrying amount of land and buildings and improvements, Total | 11,630 | |||
Accumulated Depreciation | -2,557 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Black Mountain Distribution Center [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,108 | |||
Costs capitalized subsequent to acquisition | 8,022 | |||
Carrying amount of land | 1,206 | |||
Carrying amount of buildings and improvements | 7,924 | |||
Carrying amount of land and buildings and improvements, Total | 9,130 | |||
Accumulated Depreciation | -3,972 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Cameron Business Center [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,634 | |||
Building and improvements | 9,255 | |||
Costs capitalized subsequent to acquisition | 1,580 | |||
Carrying amount of land | 1,634 | |||
Carrying amount of buildings and improvements | 10,835 | |||
Carrying amount of land and buildings and improvements, Total | 12,469 | |||
Accumulated Depreciation | -5,332 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Sunrise Ind Park [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 9 | |||
Land | 21,369 | |||
Building and improvements | 92,503 | |||
Costs capitalized subsequent to acquisition | 2,578 | |||
Carrying amount of land | 21,369 | |||
Carrying amount of buildings and improvements | 95,081 | |||
Carrying amount of land and buildings and improvements, Total | 116,450 | |||
Accumulated Depreciation | -5,132 | |||
Date of Construction/ Acquisition | 2011, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | West One Business Center [Member] | Las Vegas, Nevada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 2,468 | |||
Building and improvements | 13,985 | |||
Costs capitalized subsequent to acquisition | 5,261 | |||
Carrying amount of land | 2,468 | |||
Carrying amount of buildings and improvements | 19,246 | |||
Carrying amount of land and buildings and improvements, Total | 21,714 | |||
Accumulated Depreciation | -11,475 | |||
Date of Construction/ Acquisition | 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Cedar Grove Distribution Center [Member] | Louisville, Kentucky [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 9,611 | |||
Building and improvements | 45,964 | |||
Costs capitalized subsequent to acquisition | 3,582 | |||
Carrying amount of land | 9,610 | |||
Carrying amount of buildings and improvements | 49,547 | |||
Carrying amount of land and buildings and improvements, Total | 59,157 | |||
Accumulated Depreciation | -10,348 | |||
Date of Construction/ Acquisition | 2005, 2008, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Commerce Crossings Distribution Center [Member] | Louisville, Kentucky [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,912 | |||
Building and improvements | 7,649 | |||
Costs capitalized subsequent to acquisition | 186 | |||
Carrying amount of land | 1,912 | |||
Carrying amount of buildings and improvements | 7,835 | |||
Carrying amount of land and buildings and improvements, Total | 9,747 | |||
Accumulated Depreciation | -2,454 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | I-65 Meyer Dist. Center [Member] | Louisville, Kentucky [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 7,770 | |||
Building and improvements | 15,282 | |||
Costs capitalized subsequent to acquisition | 24,535 | |||
Carrying amount of land | 8,077 | |||
Carrying amount of buildings and improvements | 39,510 | |||
Carrying amount of land and buildings and improvements, Total | 47,587 | |||
Accumulated Depreciation | -7,640 | |||
Date of Construction/ Acquisition | 2006, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | New Cut Road Dist Ctr [Member] | Louisville, Kentucky [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,711 | |||
Building and improvements | 11,694 | |||
Costs capitalized subsequent to acquisition | 621 | |||
Carrying amount of land | 2,711 | |||
Carrying amount of buildings and improvements | 12,315 | |||
Carrying amount of land and buildings and improvements, Total | 15,026 | |||
Accumulated Depreciation | -1,378 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Riverport Distribution Center [Member] | Louisville, Kentucky [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,515 | |||
Building and improvements | 8,585 | |||
Costs capitalized subsequent to acquisition | 2,824 | |||
Carrying amount of land | 1,515 | |||
Carrying amount of buildings and improvements | 11,409 | |||
Carrying amount of land and buildings and improvements, Total | 12,924 | |||
Accumulated Depreciation | -6,894 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Delp Distribution Center [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 1,068 | |||
Building and improvements | 10,546 | |||
Costs capitalized subsequent to acquisition | 583 | |||
Carrying amount of land | 1,068 | |||
Carrying amount of buildings and improvements | 11,129 | |||
Carrying amount of land and buildings and improvements, Total | 12,197 | |||
Accumulated Depreciation | -7,304 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Memphis Distribution Center [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 9,506 | |||
Building and improvements | 42,731 | |||
Costs capitalized subsequent to acquisition | 1,365 | |||
Carrying amount of land | 9,390 | |||
Carrying amount of buildings and improvements | 44,212 | |||
Carrying amount of land and buildings and improvements, Total | 53,602 | |||
Accumulated Depreciation | -6,307 | |||
Date of Construction/ Acquisition | 2002, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Memphis Ind Park [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 3,252 | |||
Building and improvements | 14,448 | |||
Costs capitalized subsequent to acquisition | 190 | |||
Carrying amount of land | 3,252 | |||
Carrying amount of buildings and improvements | 14,638 | |||
Carrying amount of land and buildings and improvements, Total | 17,890 | |||
Accumulated Depreciation | -1,694 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Olive Branch Distribution Center [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,719 | |||
Building and improvements | 31,134 | |||
Costs capitalized subsequent to acquisition | 328 | |||
Carrying amount of land | 6,719 | |||
Carrying amount of buildings and improvements | 31,462 | |||
Carrying amount of land and buildings and improvements, Total | 38,181 | |||
Accumulated Depreciation | -3,856 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Stateline Park [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,943 | |||
Building and improvements | 17,714 | |||
Costs capitalized subsequent to acquisition | 19 | |||
Carrying amount of land | 3,943 | |||
Carrying amount of buildings and improvements | 17,733 | |||
Carrying amount of land and buildings and improvements, Total | 21,676 | |||
Accumulated Depreciation | -150 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Willow Lake Distribution Center [Member] | Memphis, Tennessee [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 613 | |||
Building and improvements | 3,474 | |||
Costs capitalized subsequent to acquisition | -25 | |||
Carrying amount of land | 613 | |||
Carrying amount of buildings and improvements | 3,449 | |||
Carrying amount of land and buildings and improvements, Total | 4,062 | |||
Accumulated Depreciation | -2,068 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Airpark Distribution Center [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 5,851 | |||
Building and improvements | 22,543 | |||
Costs capitalized subsequent to acquisition | 14,311 | |||
Carrying amount of land | 6,831 | |||
Carrying amount of buildings and improvements | 35,874 | |||
Carrying amount of land and buildings and improvements, Total | 42,705 | |||
Accumulated Depreciation | -7,717 | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | DAY Cargo Center [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Building and improvements | 4,749 | |||
Costs capitalized subsequent to acquisition | 531 | |||
Carrying amount of buildings and improvements | 5,280 | |||
Carrying amount of land and buildings and improvements, Total | 5,280 | |||
Accumulated Depreciation | -1,480 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Fairfield Comm Ctr [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,526 | |||
Building and improvements | 10,864 | |||
Costs capitalized subsequent to acquisition | 29 | |||
Carrying amount of land | 2,526 | |||
Carrying amount of buildings and improvements | 10,893 | |||
Carrying amount of land and buildings and improvements, Total | 13,419 | |||
Accumulated Depreciation | -86 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Monroe Park [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,222 | |||
Building and improvements | 30,988 | |||
Costs capitalized subsequent to acquisition | 301 | |||
Carrying amount of land | 7,222 | |||
Carrying amount of buildings and improvements | 31,289 | |||
Carrying amount of land and buildings and improvements, Total | 38,511 | |||
Accumulated Depreciation | -244 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mosteller Dist Ctr [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 921 | |||
Building and improvements | 4,192 | |||
Costs capitalized subsequent to acquisition | 28 | |||
Carrying amount of land | 921 | |||
Carrying amount of buildings and improvements | 4,220 | |||
Carrying amount of land and buildings and improvements, Total | 5,141 | |||
Accumulated Depreciation | -40 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Park I-275 [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 15,939 | |||
Building and improvements | 63,846 | |||
Costs capitalized subsequent to acquisition | 3,153 | |||
Carrying amount of land | 15,939 | |||
Carrying amount of buildings and improvements | 66,999 | |||
Carrying amount of land and buildings and improvements, Total | 82,938 | |||
Accumulated Depreciation | -4,261 | |||
Date of Construction/ Acquisition | 2008, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Sharonville Distribution Center [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,202 | |||
Costs capitalized subsequent to acquisition | 15,047 | |||
Carrying amount of land | 2,424 | |||
Carrying amount of buildings and improvements | 13,825 | |||
Carrying amount of land and buildings and improvements, Total | 16,249 | |||
Accumulated Depreciation | -6,391 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | West Chester Comm Park I [Member] | Cincinnati, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 9,466 | |||
Building and improvements | 39,950 | |||
Costs capitalized subsequent to acquisition | 2,356 | |||
Carrying amount of land | 9,466 | |||
Carrying amount of buildings and improvements | 42,306 | |||
Carrying amount of land and buildings and improvements, Total | 51,772 | |||
Accumulated Depreciation | -1,193 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Alum Creek Dist Ctr [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 917 | |||
Building and improvements | 4,584 | |||
Costs capitalized subsequent to acquisition | 277 | |||
Carrying amount of land | 917 | |||
Carrying amount of buildings and improvements | 4,861 | |||
Carrying amount of land and buildings and improvements, Total | 5,778 | |||
Accumulated Depreciation | -659 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Brookham Distribution Center [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 5,964 | |||
Building and improvements | 23,858 | |||
Costs capitalized subsequent to acquisition | 4,946 | |||
Carrying amount of land | 5,965 | |||
Carrying amount of buildings and improvements | 28,803 | |||
Carrying amount of land and buildings and improvements, Total | 34,768 | |||
Accumulated Depreciation | -10,113 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Canal Pointe Distribution Center [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,237 | |||
Building and improvements | 7,013 | |||
Costs capitalized subsequent to acquisition | 1,728 | |||
Carrying amount of land | 1,280 | |||
Carrying amount of buildings and improvements | 8,698 | |||
Carrying amount of land and buildings and improvements, Total | 9,978 | |||
Accumulated Depreciation | -4,572 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Capital Park South Distribution Center [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 10,077 | |||
Building and improvements | 40,234 | |||
Costs capitalized subsequent to acquisition | 29,285 | |||
Carrying amount of land | 10,470 | |||
Carrying amount of buildings and improvements | 69,126 | |||
Carrying amount of land and buildings and improvements, Total | 79,596 | |||
Accumulated Depreciation | -18,495 | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Columbus West Ind Ctr [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 427 | |||
Building and improvements | 2,600 | |||
Carrying amount of land | 427 | |||
Carrying amount of buildings and improvements | 2,600 | |||
Carrying amount of land and buildings and improvements, Total | 3,027 | |||
Accumulated Depreciation | -29 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Corporate Park West [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 994 | |||
Building and improvements | 6,150 | |||
Costs capitalized subsequent to acquisition | 1,409 | |||
Carrying amount of land | 994 | |||
Carrying amount of buildings and improvements | 7,559 | |||
Carrying amount of land and buildings and improvements, Total | 8,553 | |||
Accumulated Depreciation | -2,494 | |||
Date of Construction/ Acquisition | 1996, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Crosswinds Dist Ctr [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,058 | |||
Building and improvements | 19,240 | |||
Costs capitalized subsequent to acquisition | -12 | |||
Carrying amount of land | 3,058 | |||
Carrying amount of buildings and improvements | 19,240 | |||
Carrying amount of land and buildings and improvements, Total | 22,298 | |||
Accumulated Depreciation | -162 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | International Street Comm Ctr [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,503 | |||
Building and improvements | 6,356 | |||
Costs capitalized subsequent to acquisition | 383 | |||
Carrying amount of land | 1,503 | |||
Carrying amount of buildings and improvements | 6,739 | |||
Carrying amount of land and buildings and improvements, Total | 8,242 | |||
Accumulated Depreciation | -735 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Lockbourne Dist Ctr [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 540 | |||
Building and improvements | 3,030 | |||
Costs capitalized subsequent to acquisition | 352 | |||
Carrying amount of land | 540 | |||
Carrying amount of buildings and improvements | 3,382 | |||
Carrying amount of land and buildings and improvements, Total | 3,922 | |||
Accumulated Depreciation | -575 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Westpointe Distribution Center [Member] | Columbus, Ohio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,446 | |||
Building and improvements | 7,601 | |||
Costs capitalized subsequent to acquisition | 1,298 | |||
Carrying amount of land | 1,446 | |||
Carrying amount of buildings and improvements | 8,899 | |||
Carrying amount of land and buildings and improvements, Total | 10,345 | |||
Accumulated Depreciation | -3,474 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Arlington Corp Ctr [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 6,509 | |||
Building and improvements | 28,032 | |||
Costs capitalized subsequent to acquisition | 125 | |||
Carrying amount of land | 6,509 | |||
Carrying amount of buildings and improvements | 28,157 | |||
Carrying amount of land and buildings and improvements, Total | 34,666 | |||
Accumulated Depreciation | -1,268 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dallas Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 11 | |||
Land | 6,449 | |||
Building and improvements | 5,441 | |||
Costs capitalized subsequent to acquisition | 34,632 | |||
Carrying amount of land | 6,645 | |||
Carrying amount of buildings and improvements | 39,877 | |||
Carrying amount of land and buildings and improvements, Total | 46,522 | |||
Accumulated Depreciation | -18,407 | |||
Date of Construction/ Acquisition | 1996, 1997, 1998, 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dallas Industrial [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 12 | |||
Land | 7,180 | |||
Building and improvements | 26,514 | |||
Costs capitalized subsequent to acquisition | 2,682 | |||
Carrying amount of land | 7,180 | |||
Carrying amount of buildings and improvements | 29,196 | |||
Carrying amount of land and buildings and improvements, Total | 36,376 | |||
Accumulated Depreciation | -4,290 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | DFW Cargo Center 1 [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 35,117 | |||
Costs capitalized subsequent to acquisition | 973 | |||
Carrying amount of buildings and improvements | 36,090 | |||
Carrying amount of land and buildings and improvements, Total | 36,090 | |||
Accumulated Depreciation | -5,105 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | DFW Cargo Center 2 [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 27,916 | |||
Costs capitalized subsequent to acquisition | 200 | |||
Carrying amount of buildings and improvements | 28,116 | |||
Carrying amount of land and buildings and improvements, Total | 28,116 | |||
Accumulated Depreciation | -3,849 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | DFW Cargo Center East [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Building and improvements | 19,730 | |||
Costs capitalized subsequent to acquisition | 333 | |||
Carrying amount of buildings and improvements | 20,063 | |||
Carrying amount of land and buildings and improvements, Total | 20,063 | |||
Accumulated Depreciation | -4,469 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Flower Mound Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 5,157 | |||
Building and improvements | 20,991 | |||
Costs capitalized subsequent to acquisition | 2,470 | |||
Carrying amount of land | 5,157 | |||
Carrying amount of buildings and improvements | 23,461 | |||
Carrying amount of land and buildings and improvements, Total | 28,618 | |||
Accumulated Depreciation | -6,250 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Freeport Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 1,393 | |||
Building and improvements | 5,549 | |||
Costs capitalized subsequent to acquisition | 5,947 | |||
Carrying amount of land | 1,440 | |||
Carrying amount of buildings and improvements | 11,449 | |||
Carrying amount of land and buildings and improvements, Total | 12,889 | |||
Accumulated Depreciation | -6,427 | |||
Date of Construction/ Acquisition | 1996, 1997, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Great Southwest Corp Ctr [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 4,476 | |||
Building and improvements | 19,302 | |||
Costs capitalized subsequent to acquisition | 210 | |||
Carrying amount of land | 4,476 | |||
Carrying amount of buildings and improvements | 19,512 | |||
Carrying amount of land and buildings and improvements, Total | 23,988 | |||
Accumulated Depreciation | -153 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Great Southwest Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 24 | |||
Land | 38,395 | |||
Building and improvements | 160,253 | |||
Costs capitalized subsequent to acquisition | 25,811 | |||
Carrying amount of land | 38,395 | |||
Carrying amount of buildings and improvements | 186,064 | |||
Carrying amount of land and buildings and improvements, Total | 224,459 | |||
Accumulated Depreciation | -58,819 | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1999, 2000, 2001, 2002, 2005, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Greater Dallas Industrial Port [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 3,525 | |||
Building and improvements | 16,375 | |||
Costs capitalized subsequent to acquisition | 967 | |||
Carrying amount of land | 3,525 | |||
Carrying amount of buildings and improvements | 17,342 | |||
Carrying amount of land and buildings and improvements, Total | 20,867 | |||
Accumulated Depreciation | -2,481 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Lancaster Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 20,635 | |||
Building and improvements | 14,362 | |||
Costs capitalized subsequent to acquisition | 93,709 | |||
Carrying amount of land | 19,969 | |||
Carrying amount of buildings and improvements | 108,737 | |||
Carrying amount of land and buildings and improvements, Total | 128,706 | |||
Accumulated Depreciation | -9,024 | |||
Date of Construction/ Acquisition | 2007, 2008, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Lonestar Portfolio [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 4,736 | |||
Building and improvements | 13,035 | |||
Costs capitalized subsequent to acquisition | 2,835 | |||
Carrying amount of land | 4,736 | |||
Carrying amount of buildings and improvements | 15,870 | |||
Carrying amount of land and buildings and improvements, Total | 20,606 | |||
Accumulated Depreciation | -2,374 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mesquite Dist Ctr [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 8,355 | |||
Building and improvements | 35,440 | |||
Costs capitalized subsequent to acquisition | 104 | |||
Carrying amount of land | 8,355 | |||
Carrying amount of buildings and improvements | 35,544 | |||
Carrying amount of land and buildings and improvements, Total | 43,899 | |||
Accumulated Depreciation | -1,781 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mesquite Dist III [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,691 | |||
Costs capitalized subsequent to acquisition | 11,894 | |||
Carrying amount of land | 1,691 | |||
Carrying amount of buildings and improvements | 11,894 | |||
Carrying amount of land and buildings and improvements, Total | 13,585 | |||
Accumulated Depreciation | -564 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northgate Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 13,001 | |||
Building and improvements | 62,680 | |||
Costs capitalized subsequent to acquisition | 6,772 | |||
Carrying amount of land | 13,488 | |||
Carrying amount of buildings and improvements | 68,965 | |||
Carrying amount of land and buildings and improvements, Total | 82,453 | |||
Accumulated Depreciation | -18,380 | |||
Date of Construction/ Acquisition | 1999, 2005, 2008, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Royal Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 811 | |||
Building and improvements | 4,598 | |||
Costs capitalized subsequent to acquisition | 2,235 | |||
Carrying amount of land | 811 | |||
Carrying amount of buildings and improvements | 6,833 | |||
Carrying amount of land and buildings and improvements, Total | 7,644 | |||
Accumulated Depreciation | -2,725 | |||
Date of Construction/ Acquisition | 2001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Stemmons Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 272 | |||
Building and improvements | 1,544 | |||
Costs capitalized subsequent to acquisition | 962 | |||
Carrying amount of land | 272 | |||
Carrying amount of buildings and improvements | 2,506 | |||
Carrying amount of land and buildings and improvements, Total | 2,778 | |||
Accumulated Depreciation | -1,667 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Stemmons Industrial Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 1,653 | |||
Building and improvements | 10,526 | |||
Costs capitalized subsequent to acquisition | 6,198 | |||
Carrying amount of land | 1,653 | |||
Carrying amount of buildings and improvements | 16,724 | |||
Carrying amount of land and buildings and improvements, Total | 18,377 | |||
Accumulated Depreciation | -11,143 | |||
Date of Construction/ Acquisition | 1994, 1995, 1996, 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Trinity Mills Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 735 | |||
Building and improvements | 3,774 | |||
Costs capitalized subsequent to acquisition | 1,020 | |||
Carrying amount of land | 735 | |||
Carrying amount of buildings and improvements | 4,794 | |||
Carrying amount of land and buildings and improvements, Total | 5,529 | |||
Accumulated Depreciation | -2,535 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Valwood Business Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 4,679 | |||
Building and improvements | 19,674 | |||
Costs capitalized subsequent to acquisition | 1,146 | |||
Carrying amount of land | 4,679 | |||
Carrying amount of buildings and improvements | 20,820 | |||
Carrying amount of land and buildings and improvements, Total | 25,499 | |||
Accumulated Depreciation | -4,485 | |||
Date of Construction/ Acquisition | 2001, 2006, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Valwood Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 4,742 | |||
Building and improvements | 21,498 | |||
Costs capitalized subsequent to acquisition | 1,289 | |||
Carrying amount of land | 4,742 | |||
Carrying amount of buildings and improvements | 22,787 | |||
Carrying amount of land and buildings and improvements, Total | 27,529 | |||
Accumulated Depreciation | -3,179 | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Valwood Industrial [Member] | Dallas/Fort Worth, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,802 | |||
Building and improvements | 9,658 | |||
Costs capitalized subsequent to acquisition | 575 | |||
Carrying amount of land | 1,802 | |||
Carrying amount of buildings and improvements | 10,233 | |||
Carrying amount of land and buildings and improvements, Total | 12,035 | |||
Accumulated Depreciation | -1,620 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Denver Business Center [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 3,142 | |||
Building and improvements | 13,396 | |||
Costs capitalized subsequent to acquisition | 775 | |||
Carrying amount of land | 3,142 | |||
Carrying amount of buildings and improvements | 14,171 | |||
Carrying amount of land and buildings and improvements, Total | 17,313 | |||
Accumulated Depreciation | -1,312 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Havana Dist Ctr [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,421 | |||
Building and improvements | 5,958 | |||
Costs capitalized subsequent to acquisition | 70 | |||
Carrying amount of land | 1,421 | |||
Carrying amount of buildings and improvements | 6,028 | |||
Carrying amount of land and buildings and improvements, Total | 7,449 | |||
Accumulated Depreciation | -65 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pagosa Distribution Center [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 398 | |||
Building and improvements | 2,322 | |||
Costs capitalized subsequent to acquisition | 1,675 | |||
Carrying amount of land | 398 | |||
Carrying amount of buildings and improvements | 3,997 | |||
Carrying amount of land and buildings and improvements, Total | 4,395 | |||
Accumulated Depreciation | -2,849 | |||
Date of Construction/ Acquisition | 1993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Peoria Dist Ctr [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,129 | |||
Building and improvements | 17,465 | |||
Costs capitalized subsequent to acquisition | 14 | |||
Carrying amount of land | 4,129 | |||
Carrying amount of buildings and improvements | 17,479 | |||
Carrying amount of land and buildings and improvements, Total | 21,608 | |||
Accumulated Depreciation | -138 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Stapleton Business Center [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 12 | |||
Land | 34,634 | |||
Building and improvements | 139,257 | |||
Costs capitalized subsequent to acquisition | 9,384 | |||
Carrying amount of land | 34,635 | |||
Carrying amount of buildings and improvements | 148,640 | |||
Carrying amount of land and buildings and improvements, Total | 183,275 | |||
Accumulated Depreciation | -47,204 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Upland Distribution Center [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 4,064 | |||
Building and improvements | 19,844 | |||
Costs capitalized subsequent to acquisition | 5,335 | |||
Carrying amount of land | 4,077 | |||
Carrying amount of buildings and improvements | 25,166 | |||
Carrying amount of land and buildings and improvements, Total | 29,243 | |||
Accumulated Depreciation | -5,414 | |||
Date of Construction/ Acquisition | 1994, 1995, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Upland Distribution Center II [Member] | Denver, Colorado [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,396 | |||
Building and improvements | 5,603 | |||
Costs capitalized subsequent to acquisition | 2,136 | |||
Carrying amount of land | 1,409 | |||
Carrying amount of buildings and improvements | 7,726 | |||
Carrying amount of land and buildings and improvements, Total | 9,135 | |||
Accumulated Depreciation | -2,756 | |||
Date of Construction/ Acquisition | 1993, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Addison Business Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,293 | |||
Building and improvements | 2,907 | |||
Costs capitalized subsequent to acquisition | 515 | |||
Carrying amount of land | 1,293 | |||
Carrying amount of buildings and improvements | 3,422 | |||
Carrying amount of land and buildings and improvements, Total | 4,715 | |||
Accumulated Depreciation | -488 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Addison Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 640 | |||
Building and improvements | 3,661 | |||
Costs capitalized subsequent to acquisition | 1,834 | |||
Carrying amount of land | 640 | |||
Carrying amount of buildings and improvements | 5,495 | |||
Carrying amount of land and buildings and improvements, Total | 6,135 | |||
Accumulated Depreciation | -3,037 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Alsip Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,416 | |||
Building and improvements | 9,009 | |||
Costs capitalized subsequent to acquisition | 9,086 | |||
Carrying amount of land | 1,724 | |||
Carrying amount of buildings and improvements | 17,787 | |||
Carrying amount of land and buildings and improvements, Total | 19,511 | |||
Accumulated Depreciation | -12,168 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Alsip Industrial [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,422 | |||
Building and improvements | 2,336 | |||
Costs capitalized subsequent to acquisition | 22 | |||
Carrying amount of land | 1,422 | |||
Carrying amount of buildings and improvements | 2,358 | |||
Carrying amount of land and buildings and improvements, Total | 3,780 | |||
Accumulated Depreciation | -670 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Arlington Heights Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 831 | |||
Building and improvements | 3,326 | |||
Costs capitalized subsequent to acquisition | 2,345 | |||
Carrying amount of land | 831 | |||
Carrying amount of buildings and improvements | 5,671 | |||
Carrying amount of land and buildings and improvements, Total | 6,502 | |||
Accumulated Depreciation | -1,582 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bensenville Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 926 | |||
Building and improvements | 3,842 | |||
Costs capitalized subsequent to acquisition | 6,319 | |||
Carrying amount of land | 940 | |||
Carrying amount of buildings and improvements | 10,147 | |||
Carrying amount of land and buildings and improvements, Total | 11,087 | |||
Accumulated Depreciation | -7,198 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bensenville Ind Park [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 13 | |||
Land | 37,681 | |||
Building and improvements | 92,909 | |||
Costs capitalized subsequent to acquisition | 5,219 | |||
Carrying amount of land | 37,681 | |||
Carrying amount of buildings and improvements | 98,128 | |||
Carrying amount of land and buildings and improvements, Total | 135,809 | |||
Accumulated Depreciation | -14,800 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bloomingdale 100 Business Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 6,563 | |||
Building and improvements | 27,579 | |||
Costs capitalized subsequent to acquisition | 68 | |||
Carrying amount of land | 6,563 | |||
Carrying amount of buildings and improvements | 27,647 | |||
Carrying amount of land and buildings and improvements, Total | 34,210 | |||
Accumulated Depreciation | -210 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bridgeview Dist Ctr [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 1,662 | |||
Building and improvements | 7,726 | |||
Carrying amount of land | 1,662 | |||
Carrying amount of buildings and improvements | 7,726 | |||
Carrying amount of land and buildings and improvements, Total | 9,388 | |||
Accumulated Depreciation | -92 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Bridgeview Industrial [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,380 | |||
Building and improvements | 3,404 | |||
Costs capitalized subsequent to acquisition | 404 | |||
Carrying amount of land | 1,380 | |||
Carrying amount of buildings and improvements | 3,808 | |||
Carrying amount of land and buildings and improvements, Total | 5,188 | |||
Accumulated Depreciation | -616 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chicago Industrial Portfolio [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,330 | |||
Building and improvements | 2,876 | |||
Costs capitalized subsequent to acquisition | 423 | |||
Carrying amount of land | 1,330 | |||
Carrying amount of buildings and improvements | 3,299 | |||
Carrying amount of land and buildings and improvements, Total | 4,629 | |||
Accumulated Depreciation | -561 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Des Plaines Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 2,158 | |||
Building and improvements | 12,232 | |||
Costs capitalized subsequent to acquisition | 6,884 | |||
Carrying amount of land | 2,159 | |||
Carrying amount of buildings and improvements | 19,115 | |||
Carrying amount of land and buildings and improvements, Total | 21,274 | |||
Accumulated Depreciation | -12,660 | |||
Date of Construction/ Acquisition | 1995, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Elk Grove Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 20 | |||
Land | 30,227 | |||
Building and improvements | 78,013 | |||
Costs capitalized subsequent to acquisition | 49,831 | |||
Carrying amount of land | 30,227 | |||
Carrying amount of buildings and improvements | 127,844 | |||
Carrying amount of land and buildings and improvements, Total | 158,071 | |||
Accumulated Depreciation | -50,971 | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1999, 2006, 2009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Elk Grove Du Page [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 21 | |||
Land | 14,830 | |||
Building and improvements | 64,408 | |||
Costs capitalized subsequent to acquisition | 10,528 | |||
Carrying amount of land | 14,830 | |||
Carrying amount of buildings and improvements | 74,936 | |||
Carrying amount of land and buildings and improvements, Total | 89,766 | |||
Accumulated Depreciation | -8,108 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Elk Grove Village SG [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 6,367 | |||
Building and improvements | 12,010 | |||
Costs capitalized subsequent to acquisition | 859 | |||
Carrying amount of land | 6,367 | |||
Carrying amount of buildings and improvements | 12,869 | |||
Carrying amount of land and buildings and improvements, Total | 19,236 | |||
Accumulated Depreciation | -2,314 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Elmhurst Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 713 | |||
Building and improvements | 4,043 | |||
Costs capitalized subsequent to acquisition | 1,240 | |||
Carrying amount of land | 713 | |||
Carrying amount of buildings and improvements | 5,283 | |||
Carrying amount of land and buildings and improvements, Total | 5,996 | |||
Accumulated Depreciation | -3,345 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Executive Drive [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,371 | |||
Building and improvements | 6,430 | |||
Costs capitalized subsequent to acquisition | 509 | |||
Carrying amount of land | 1,371 | |||
Carrying amount of buildings and improvements | 6,939 | |||
Carrying amount of land and buildings and improvements, Total | 8,310 | |||
Accumulated Depreciation | -887 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Glendale Heights Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 3,903 | |||
Building and improvements | 22,119 | |||
Costs capitalized subsequent to acquisition | 4,423 | |||
Carrying amount of land | 3,903 | |||
Carrying amount of buildings and improvements | 26,542 | |||
Carrying amount of land and buildings and improvements, Total | 30,445 | |||
Accumulated Depreciation | -14,410 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Gurnee Dist Ctr [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,297 | |||
Building and improvements | 9,991 | |||
Carrying amount of land | 2,297 | |||
Carrying amount of buildings and improvements | 9,991 | |||
Carrying amount of land and buildings and improvements, Total | 12,288 | |||
Accumulated Depreciation | -97 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hintz Building [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 354 | |||
Building and improvements | 1,970 | |||
Costs capitalized subsequent to acquisition | 103 | |||
Carrying amount of land | 354 | |||
Carrying amount of buildings and improvements | 2,073 | |||
Carrying amount of land and buildings and improvements, Total | 2,427 | |||
Accumulated Depreciation | -289 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | I-294 Dist Ctr [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 7,922 | |||
Building and improvements | 33,730 | |||
Costs capitalized subsequent to acquisition | 15 | |||
Carrying amount of land | 7,922 | |||
Carrying amount of buildings and improvements | 33,745 | |||
Carrying amount of land and buildings and improvements, Total | 41,667 | |||
Accumulated Depreciation | -1,929 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | I-55 Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 5,383 | |||
Building and improvements | 25,504 | |||
Costs capitalized subsequent to acquisition | 35,513 | |||
Carrying amount of land | 11,786 | |||
Carrying amount of buildings and improvements | 54,614 | |||
Carrying amount of land and buildings and improvements, Total | 66,400 | |||
Accumulated Depreciation | -14,082 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | I-80 Morris [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,349 | |||
Building and improvements | 27,134 | |||
Carrying amount of land | 6,349 | |||
Carrying amount of buildings and improvements | 27,134 | |||
Carrying amount of land and buildings and improvements, Total | 33,483 | |||
Accumulated Depreciation | -213 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Itasca Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,522 | |||
Building and improvements | 7,119 | |||
Costs capitalized subsequent to acquisition | 1,562 | |||
Carrying amount of land | 1,522 | |||
Carrying amount of buildings and improvements | 8,681 | |||
Carrying amount of land and buildings and improvements, Total | 10,203 | |||
Accumulated Depreciation | -1,968 | |||
Date of Construction/ Acquisition | 1996, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Itasca Industrial Portfolio [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 3,053 | |||
Building and improvements | 5,879 | |||
Costs capitalized subsequent to acquisition | 245 | |||
Carrying amount of land | 3,053 | |||
Carrying amount of buildings and improvements | 6,124 | |||
Carrying amount of land and buildings and improvements, Total | 9,177 | |||
Accumulated Depreciation | -938 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kehoe Industrial [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,394 | |||
Building and improvements | 3,247 | |||
Costs capitalized subsequent to acquisition | 446 | |||
Carrying amount of land | 1,394 | |||
Carrying amount of buildings and improvements | 3,693 | |||
Carrying amount of land and buildings and improvements, Total | 5,087 | |||
Accumulated Depreciation | -459 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Melrose Park Distribution Ctr [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,657 | |||
Building and improvements | 9,292 | |||
Costs capitalized subsequent to acquisition | 283 | |||
Carrying amount of land | 2,657 | |||
Carrying amount of buildings and improvements | 9,575 | |||
Carrying amount of land and buildings and improvements, Total | 12,232 | |||
Accumulated Depreciation | -1,584 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Minooka Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 18,420 | |||
Building and improvements | 68,912 | |||
Costs capitalized subsequent to acquisition | 17,991 | |||
Carrying amount of land | 19,404 | |||
Carrying amount of buildings and improvements | 85,919 | |||
Carrying amount of land and buildings and improvements, Total | 105,323 | |||
Accumulated Depreciation | -16,871 | |||
Date of Construction/ Acquisition | 2005, 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Mitchell Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,236 | |||
Building and improvements | 7,004 | |||
Costs capitalized subsequent to acquisition | 3,748 | |||
Carrying amount of land | 1,236 | |||
Carrying amount of buildings and improvements | 10,752 | |||
Carrying amount of land and buildings and improvements, Total | 11,988 | |||
Accumulated Depreciation | -6,970 | |||
Date of Construction/ Acquisition | 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | NDP - Chicago [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 461 | |||
Building and improvements | 1,362 | |||
Costs capitalized subsequent to acquisition | 27 | |||
Carrying amount of land | 461 | |||
Carrying amount of buildings and improvements | 1,389 | |||
Carrying amount of land and buildings and improvements, Total | 1,850 | |||
Accumulated Depreciation | -183 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Nicholas Logistics Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,354 | |||
Building and improvements | 10,799 | |||
Costs capitalized subsequent to acquisition | 44 | |||
Carrying amount of land | 2,354 | |||
Carrying amount of buildings and improvements | 10,843 | |||
Carrying amount of land and buildings and improvements, Total | 13,197 | |||
Accumulated Depreciation | -1,744 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northbrook Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,056 | |||
Building and improvements | 8,227 | |||
Costs capitalized subsequent to acquisition | 1,981 | |||
Carrying amount of land | 2,056 | |||
Carrying amount of buildings and improvements | 10,208 | |||
Carrying amount of land and buildings and improvements, Total | 12,264 | |||
Accumulated Depreciation | -2,340 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northlake Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 372 | |||
Building and improvements | 2,105 | |||
Costs capitalized subsequent to acquisition | 800 | |||
Carrying amount of land | 372 | |||
Carrying amount of buildings and improvements | 2,905 | |||
Carrying amount of land and buildings and improvements, Total | 3,277 | |||
Accumulated Depreciation | -2,005 | |||
Date of Construction/ Acquisition | 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | OHare Industrial Portfolio [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 4,126 | |||
Building and improvements | 10,096 | |||
Costs capitalized subsequent to acquisition | 137 | |||
Carrying amount of land | 4,126 | |||
Carrying amount of buildings and improvements | 10,233 | |||
Carrying amount of land and buildings and improvements, Total | 14,359 | |||
Accumulated Depreciation | -1,766 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pleasant Prairie Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,314 | |||
Building and improvements | 7,450 | |||
Costs capitalized subsequent to acquisition | 2,733 | |||
Carrying amount of land | 1,315 | |||
Carrying amount of buildings and improvements | 10,182 | |||
Carrying amount of land and buildings and improvements, Total | 11,497 | |||
Accumulated Depreciation | -6,008 | |||
Date of Construction/ Acquisition | 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Poplar Gateway Truck Terminal [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,321 | |||
Building and improvements | 4,699 | |||
Costs capitalized subsequent to acquisition | 519 | |||
Carrying amount of land | 2,321 | |||
Carrying amount of buildings and improvements | 5,218 | |||
Carrying amount of land and buildings and improvements, Total | 7,539 | |||
Accumulated Depreciation | -725 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Port OHare [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,819 | |||
Building and improvements | 5,547 | |||
Costs capitalized subsequent to acquisition | 256 | |||
Carrying amount of land | 4,819 | |||
Carrying amount of buildings and improvements | 5,803 | |||
Carrying amount of land and buildings and improvements, Total | 10,622 | |||
Accumulated Depreciation | -971 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Remington Lakes Dist [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,382 | |||
Building and improvements | 11,657 | |||
Costs capitalized subsequent to acquisition | 606 | |||
Carrying amount of land | 2,382 | |||
Carrying amount of buildings and improvements | 12,263 | |||
Carrying amount of land and buildings and improvements, Total | 14,645 | |||
Accumulated Depreciation | -1,380 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Rochelle Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,457 | |||
Building and improvements | 20,100 | |||
Costs capitalized subsequent to acquisition | 11,131 | |||
Carrying amount of land | 5,254 | |||
Carrying amount of buildings and improvements | 30,434 | |||
Carrying amount of land and buildings and improvements, Total | 35,688 | |||
Accumulated Depreciation | -4,789 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Romeoville Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 23,325 | |||
Building and improvements | 94,197 | |||
Costs capitalized subsequent to acquisition | 10,129 | |||
Carrying amount of land | 23,325 | |||
Carrying amount of buildings and improvements | 104,326 | |||
Carrying amount of land and buildings and improvements, Total | 127,651 | |||
Accumulated Depreciation | -31,396 | |||
Date of Construction/ Acquisition | 1999, 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | S.C. Johnson & Son [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,267 | |||
Building and improvements | 15,911 | |||
Costs capitalized subsequent to acquisition | 1,552 | |||
Carrying amount of land | 3,152 | |||
Carrying amount of buildings and improvements | 16,578 | |||
Carrying amount of land and buildings and improvements, Total | 19,730 | |||
Accumulated Depreciation | -3,156 | |||
Date of Construction/ Acquisition | 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Sivert Distribution [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,497 | |||
Building and improvements | 1,470 | |||
Costs capitalized subsequent to acquisition | 8 | |||
Carrying amount of land | 1,497 | |||
Carrying amount of buildings and improvements | 1,478 | |||
Carrying amount of land and buildings and improvements, Total | 2,975 | |||
Accumulated Depreciation | -236 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Touhy Cargo Terminal [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,697 | |||
Building and improvements | 8,909 | |||
Carrying amount of land | 2,697 | |||
Carrying amount of buildings and improvements | 8,909 | |||
Carrying amount of land and buildings and improvements, Total | 11,606 | |||
Accumulated Depreciation | -970 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Waukegan Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 4,368 | |||
Building and improvements | 17,632 | |||
Costs capitalized subsequent to acquisition | 1,075 | |||
Carrying amount of land | 4,368 | |||
Carrying amount of buildings and improvements | 18,707 | |||
Carrying amount of land and buildings and improvements, Total | 23,075 | |||
Accumulated Depreciation | -5,232 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | West Chicago Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 3,125 | |||
Building and improvements | 12,499 | |||
Costs capitalized subsequent to acquisition | 3,299 | |||
Carrying amount of land | 3,125 | |||
Carrying amount of buildings and improvements | 15,798 | |||
Carrying amount of land and buildings and improvements, Total | 18,923 | |||
Accumulated Depreciation | -4,622 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Windsor Court [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 635 | |||
Building and improvements | 3,493 | |||
Costs capitalized subsequent to acquisition | 184 | |||
Carrying amount of land | 635 | |||
Carrying amount of buildings and improvements | 3,677 | |||
Carrying amount of land and buildings and improvements, Total | 4,312 | |||
Accumulated Depreciation | -555 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Wood Dale Industrial SG [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 4,343 | |||
Building and improvements | 10,174 | |||
Costs capitalized subsequent to acquisition | 717 | |||
Carrying amount of land | 4,343 | |||
Carrying amount of buildings and improvements | 10,891 | |||
Carrying amount of land and buildings and improvements, Total | 15,234 | |||
Accumulated Depreciation | -1,548 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Woodale Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 263 | |||
Building and improvements | 1,490 | |||
Costs capitalized subsequent to acquisition | 589 | |||
Carrying amount of land | 263 | |||
Carrying amount of buildings and improvements | 2,079 | |||
Carrying amount of land and buildings and improvements, Total | 2,342 | |||
Accumulated Depreciation | -1,313 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Woodridge Distribution Center [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 14 | |||
Land | 46,575 | |||
Building and improvements | 197,289 | |||
Costs capitalized subsequent to acquisition | 21,583 | |||
Carrying amount of land | 49,942 | |||
Carrying amount of buildings and improvements | 215,505 | |||
Carrying amount of land and buildings and improvements, Total | 265,447 | |||
Accumulated Depreciation | -65,513 | |||
Date of Construction/ Acquisition | 2005, 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Yohan Industrial [Member] | Chicago, Illinois [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 4,219 | |||
Building and improvements | 12,306 | |||
Costs capitalized subsequent to acquisition | 1,157 | |||
Carrying amount of land | 4,219 | |||
Carrying amount of buildings and improvements | 13,463 | |||
Carrying amount of land and buildings and improvements, Total | 17,682 | |||
Accumulated Depreciation | -1,768 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Atlanta Airport Dist Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 2,510 | |||
Building and improvements | 10,830 | |||
Costs capitalized subsequent to acquisition | 126 | |||
Carrying amount of land | 2,510 | |||
Carrying amount of buildings and improvements | 10,956 | |||
Carrying amount of land and buildings and improvements, Total | 13,466 | |||
Accumulated Depreciation | -86 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Atlanta NE at Sugarloaf [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 620 | |||
Building and improvements | 2,621 | |||
Costs capitalized subsequent to acquisition | 28 | |||
Carrying amount of land | 620 | |||
Carrying amount of buildings and improvements | 2,649 | |||
Carrying amount of land and buildings and improvements, Total | 3,269 | |||
Accumulated Depreciation | -20 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Atlanta NE Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 5,582 | |||
Building and improvements | 3,047 | |||
Costs capitalized subsequent to acquisition | 30,356 | |||
Carrying amount of land | 6,276 | |||
Carrying amount of buildings and improvements | 32,709 | |||
Carrying amount of land and buildings and improvements, Total | 38,985 | |||
Accumulated Depreciation | -17,908 | |||
Date of Construction/ Acquisition | 1996, 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Atlanta South Business Park [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 9 | |||
Land | 5,353 | |||
Building and improvements | 28,895 | |||
Costs capitalized subsequent to acquisition | 2,478 | |||
Carrying amount of land | 5,353 | |||
Carrying amount of buildings and improvements | 31,373 | |||
Carrying amount of land and buildings and improvements, Total | 36,726 | |||
Accumulated Depreciation | -4,056 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Atlanta West Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 6,684 | |||
Building and improvements | 23,463 | |||
Costs capitalized subsequent to acquisition | 9,898 | |||
Carrying amount of land | 6,684 | |||
Carrying amount of buildings and improvements | 33,361 | |||
Carrying amount of land and buildings and improvements, Total | 40,045 | |||
Accumulated Depreciation | -11,543 | |||
Date of Construction/ Acquisition | 1994, 2006, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Berkeley Lake Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,046 | |||
Building and improvements | 8,712 | |||
Costs capitalized subsequent to acquisition | 742 | |||
Carrying amount of land | 2,046 | |||
Carrying amount of buildings and improvements | 9,454 | |||
Carrying amount of land and buildings and improvements, Total | 11,500 | |||
Accumulated Depreciation | -2,048 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Breckenridge Dist Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,645 | |||
Building and improvements | 7,030 | |||
Carrying amount of land | 1,645 | |||
Carrying amount of buildings and improvements | 7,030 | |||
Carrying amount of land and buildings and improvements, Total | 8,675 | |||
Accumulated Depreciation | -55 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Buford Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,487 | |||
Costs capitalized subsequent to acquisition | 5,577 | |||
Carrying amount of land | 1,487 | |||
Carrying amount of buildings and improvements | 5,577 | |||
Carrying amount of land and buildings and improvements, Total | 7,064 | |||
Accumulated Depreciation | -1,219 | |||
Date of Construction/ Acquisition | 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Carter-Pacific Bus Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 1,484 | |||
Building and improvements | 6,269 | |||
Costs capitalized subsequent to acquisition | 12 | |||
Carrying amount of land | 1,484 | |||
Carrying amount of buildings and improvements | 6,281 | |||
Carrying amount of land and buildings and improvements, Total | 7,765 | |||
Accumulated Depreciation | -69 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Cobb Place Dist Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,970 | |||
Building and improvements | 12,702 | |||
Costs capitalized subsequent to acquisition | 218 | |||
Carrying amount of land | 2,970 | |||
Carrying amount of buildings and improvements | 12,920 | |||
Carrying amount of land and buildings and improvements, Total | 15,890 | |||
Accumulated Depreciation | -1,413 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Dekalb Ind Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,401 | |||
Building and improvements | 6,154 | |||
Costs capitalized subsequent to acquisition | 1,451 | |||
Carrying amount of land | 1,401 | |||
Carrying amount of buildings and improvements | 7,605 | |||
Carrying amount of land and buildings and improvements, Total | 9,006 | |||
Accumulated Depreciation | -819 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Douglas Hill Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 11,599 | |||
Building and improvements | 46,826 | |||
Costs capitalized subsequent to acquisition | 3,674 | |||
Carrying amount of land | 11,677 | |||
Carrying amount of buildings and improvements | 50,422 | |||
Carrying amount of land and buildings and improvements, Total | 62,099 | |||
Accumulated Depreciation | -15,482 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hartsfield East DC [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 697 | |||
Building and improvements | 6,466 | |||
Costs capitalized subsequent to acquisition | 268 | |||
Carrying amount of land | 697 | |||
Carrying amount of buildings and improvements | 6,734 | |||
Carrying amount of land and buildings and improvements, Total | 7,431 | |||
Accumulated Depreciation | -703 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Horizon Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,846 | |||
Building and improvements | 11,385 | |||
Costs capitalized subsequent to acquisition | 1,515 | |||
Carrying amount of land | 2,846 | |||
Carrying amount of buildings and improvements | 12,900 | |||
Carrying amount of land and buildings and improvements, Total | 15,746 | |||
Accumulated Depreciation | -2,699 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Macon Dist Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 604 | |||
Building and improvements | 2,691 | |||
Costs capitalized subsequent to acquisition | 633 | |||
Carrying amount of land | 604 | |||
Carrying amount of buildings and improvements | 3,324 | |||
Carrying amount of land and buildings and improvements, Total | 3,928 | |||
Accumulated Depreciation | -438 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Midland Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,919 | |||
Building and improvements | 7,679 | |||
Costs capitalized subsequent to acquisition | 1,506 | |||
Carrying amount of land | 1,919 | |||
Carrying amount of buildings and improvements | 9,185 | |||
Carrying amount of land and buildings and improvements, Total | 11,104 | |||
Accumulated Depreciation | -2,723 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northeast Industrial Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 3,142 | |||
Building and improvements | 14,036 | |||
Costs capitalized subsequent to acquisition | 2,706 | |||
Carrying amount of land | 3,142 | |||
Carrying amount of buildings and improvements | 16,742 | |||
Carrying amount of land and buildings and improvements, Total | 19,884 | |||
Accumulated Depreciation | -3,762 | |||
Date of Construction/ Acquisition | 1996, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northmont Industrial Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 566 | |||
Building and improvements | 3,209 | |||
Costs capitalized subsequent to acquisition | 1,482 | |||
Carrying amount of land | 566 | |||
Carrying amount of buildings and improvements | 4,691 | |||
Carrying amount of land and buildings and improvements, Total | 5,257 | |||
Accumulated Depreciation | -3,250 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Olympic Ind Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,156 | |||
Building and improvements | 9,417 | |||
Costs capitalized subsequent to acquisition | 15 | |||
Carrying amount of land | 2,156 | |||
Carrying amount of buildings and improvements | 9,432 | |||
Carrying amount of land and buildings and improvements, Total | 11,588 | |||
Accumulated Depreciation | -107 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Park I-75 South [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 8,369 | |||
Costs capitalized subsequent to acquisition | 35,435 | |||
Carrying amount of land | 8,382 | |||
Carrying amount of buildings and improvements | 35,422 | |||
Carrying amount of land and buildings and improvements, Total | 43,804 | |||
Accumulated Depreciation | -1,151 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Peachtree Corners Business Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 707 | |||
Building and improvements | 4,685 | |||
Costs capitalized subsequent to acquisition | 2,342 | |||
Carrying amount of land | 707 | |||
Carrying amount of buildings and improvements | 7,027 | |||
Carrying amount of land and buildings and improvements, Total | 7,734 | |||
Accumulated Depreciation | -4,800 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Piedmont Ct. Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 885 | |||
Building and improvements | 5,013 | |||
Costs capitalized subsequent to acquisition | 3,929 | |||
Carrying amount of land | 885 | |||
Carrying amount of buildings and improvements | 8,942 | |||
Carrying amount of land and buildings and improvements, Total | 9,827 | |||
Accumulated Depreciation | -5,731 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southfield KRDC Industrial SG [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 8 | |||
Land | 5,033 | |||
Building and improvements | 28,725 | |||
Costs capitalized subsequent to acquisition | 1,837 | |||
Carrying amount of land | 5,033 | |||
Carrying amount of buildings and improvements | 30,562 | |||
Carrying amount of land and buildings and improvements, Total | 35,595 | |||
Accumulated Depreciation | -4,634 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southside Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,186 | |||
Building and improvements | 2,859 | |||
Costs capitalized subsequent to acquisition | 595 | |||
Carrying amount of land | 1,186 | |||
Carrying amount of buildings and improvements | 3,454 | |||
Carrying amount of land and buildings and improvements, Total | 4,640 | |||
Accumulated Depreciation | -589 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Suwanee Creek Dist Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 1,045 | |||
Building and improvements | 4,201 | |||
Costs capitalized subsequent to acquisition | 202 | |||
Carrying amount of land | 1,045 | |||
Carrying amount of buildings and improvements | 4,403 | |||
Carrying amount of land and buildings and improvements, Total | 5,448 | |||
Accumulated Depreciation | -448 | |||
Date of Construction/ Acquisition | 2010, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Tradeport Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 1,464 | |||
Building and improvements | 4,563 | |||
Costs capitalized subsequent to acquisition | 8,022 | |||
Carrying amount of land | 1,479 | |||
Carrying amount of buildings and improvements | 12,570 | |||
Carrying amount of land and buildings and improvements, Total | 14,049 | |||
Accumulated Depreciation | -7,923 | |||
Date of Construction/ Acquisition | 1994, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Weaver Distribution Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 935 | |||
Building and improvements | 5,182 | |||
Costs capitalized subsequent to acquisition | 2,351 | |||
Carrying amount of land | 935 | |||
Carrying amount of buildings and improvements | 7,533 | |||
Carrying amount of land and buildings and improvements, Total | 8,468 | |||
Accumulated Depreciation | -5,243 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Westfork Industrial Center [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 579 | |||
Building and improvements | 3,910 | |||
Costs capitalized subsequent to acquisition | 428 | |||
Carrying amount of land | 579 | |||
Carrying amount of buildings and improvements | 4,338 | |||
Carrying amount of land and buildings and improvements, Total | 4,917 | |||
Accumulated Depreciation | -2,749 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Westgate Ind Ctr [Member] | Atlanta, Georgia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,277 | |||
Building and improvements | 5,620 | |||
Costs capitalized subsequent to acquisition | 214 | |||
Carrying amount of land | 1,277 | |||
Carrying amount of buildings and improvements | 5,834 | |||
Carrying amount of land and buildings and improvements, Total | 7,111 | |||
Accumulated Depreciation | -757 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Corridor Park Corporate Center [Member] | Austin, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 4,579 | |||
Building and improvements | 19,046 | |||
Costs capitalized subsequent to acquisition | 75 | |||
Carrying amount of land | 4,579 | |||
Carrying amount of buildings and improvements | 19,121 | |||
Carrying amount of land and buildings and improvements, Total | 23,700 | |||
Accumulated Depreciation | -1,024 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | MET 4-12 LTD [Member] | Austin, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,300 | |||
Building and improvements | 20,456 | |||
Costs capitalized subsequent to acquisition | 268 | |||
Carrying amount of land | 4,300 | |||
Carrying amount of buildings and improvements | 20,724 | |||
Carrying amount of land and buildings and improvements, Total | 25,024 | |||
Accumulated Depreciation | -2,743 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | MET PHASE 1 95 LTD [Member] | Austin, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 5,593 | |||
Building and improvements | 17,211 | |||
Costs capitalized subsequent to acquisition | 1,286 | |||
Carrying amount of land | 5,593 | |||
Carrying amount of buildings and improvements | 18,497 | |||
Carrying amount of land and buildings and improvements, Total | 24,090 | |||
Accumulated Depreciation | -2,474 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Montopolis Distribution Center [Member] | Austin, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 580 | |||
Building and improvements | 3,384 | |||
Costs capitalized subsequent to acquisition | 2,585 | |||
Carrying amount of land | 580 | |||
Carrying amount of buildings and improvements | 5,969 | |||
Carrying amount of land and buildings and improvements, Total | 6,549 | |||
Accumulated Depreciation | -4,257 | |||
Date of Construction/ Acquisition | 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Southpark Corporate Center [Member] | Austin, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 1,470 | |||
Building and improvements | 6,154 | |||
Costs capitalized subsequent to acquisition | 1 | |||
Carrying amount of land | 1,470 | |||
Carrying amount of buildings and improvements | 6,155 | |||
Carrying amount of land and buildings and improvements, Total | 7,625 | |||
Accumulated Depreciation | -47 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Walnut Creek Corporate Center [Member] | Austin, Texas [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 17 | |||
Land | 11,152 | |||
Building and improvements | 49,110 | |||
Costs capitalized subsequent to acquisition | 411 | |||
Carrying amount of land | 11,206 | |||
Carrying amount of buildings and improvements | 49,467 | |||
Carrying amount of land and buildings and improvements, Total | 60,673 | |||
Accumulated Depreciation | -3,468 | |||
Date of Construction/ Acquisition | 1994, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | 1901 Park 100 Drive [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,409 | |||
Building and improvements | 7,227 | |||
Costs capitalized subsequent to acquisition | 1,148 | |||
Carrying amount of land | 2,409 | |||
Carrying amount of buildings and improvements | 8,375 | |||
Carrying amount of land and buildings and improvements, Total | 10,784 | |||
Accumulated Depreciation | -2,616 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Airport Commons Distribution Center [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,320 | |||
Costs capitalized subsequent to acquisition | 10,570 | |||
Carrying amount of land | 2,360 | |||
Carrying amount of buildings and improvements | 10,530 | |||
Carrying amount of land and buildings and improvements, Total | 12,890 | |||
Accumulated Depreciation | -4,648 | |||
Date of Construction/ Acquisition | 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Beltway Distribution [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 9,211 | |||
Building and improvements | 33,922 | |||
Costs capitalized subsequent to acquisition | 426 | |||
Carrying amount of land | 9,211 | |||
Carrying amount of buildings and improvements | 34,348 | |||
Carrying amount of land and buildings and improvements, Total | 43,559 | |||
Accumulated Depreciation | -4,486 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | BWI Cargo Center E [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 10,725 | |||
Costs capitalized subsequent to acquisition | 108 | |||
Carrying amount of buildings and improvements | 10,833 | |||
Carrying amount of land and buildings and improvements, Total | 10,833 | |||
Accumulated Depreciation | -4,598 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Corcorde Industrial Center [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 1,538 | |||
Building and improvements | 8,717 | |||
Costs capitalized subsequent to acquisition | 4,711 | |||
Carrying amount of land | 1,538 | |||
Carrying amount of buildings and improvements | 13,428 | |||
Carrying amount of land and buildings and improvements, Total | 14,966 | |||
Accumulated Depreciation | -8,832 | |||
Date of Construction/ Acquisition | 1995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Corridor Industrial [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,921 | |||
Building and improvements | 7,224 | |||
Costs capitalized subsequent to acquisition | 12 | |||
Carrying amount of land | 1,921 | |||
Carrying amount of buildings and improvements | 7,236 | |||
Carrying amount of land and buildings and improvements, Total | 9,157 | |||
Accumulated Depreciation | -975 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Crysen Industrial [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,285 | |||
Building and improvements | 6,267 | |||
Costs capitalized subsequent to acquisition | 454 | |||
Carrying amount of land | 2,285 | |||
Carrying amount of buildings and improvements | 6,721 | |||
Carrying amount of land and buildings and improvements, Total | 9,006 | |||
Accumulated Depreciation | -1,001 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Gateway Bus Ctr [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 10 | |||
Land | 30,263 | |||
Building and improvements | 26,530 | |||
Costs capitalized subsequent to acquisition | 36,269 | |||
Carrying amount of land | 30,400 | |||
Carrying amount of buildings and improvements | 62,662 | |||
Carrying amount of land and buildings and improvements, Total | 93,062 | |||
Accumulated Depreciation | -849 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Gateway Distribution Center [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 2,523 | |||
Building and improvements | 5,715 | |||
Costs capitalized subsequent to acquisition | 4,817 | |||
Carrying amount of land | 3,164 | |||
Carrying amount of buildings and improvements | 9,891 | |||
Carrying amount of land and buildings and improvements, Total | 13,055 | |||
Accumulated Depreciation | -2,539 | |||
Date of Construction/ Acquisition | 1998, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Granite Hill Dist. Center [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,959 | |||
Building and improvements | 9,344 | |||
Costs capitalized subsequent to acquisition | 74 | |||
Carrying amount of land | 2,959 | |||
Carrying amount of buildings and improvements | 9,418 | |||
Carrying amount of land and buildings and improvements, Total | 12,377 | |||
Accumulated Depreciation | -1,551 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Greenwood Industrial [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 6,828 | |||
Building and improvements | 24,253 | |||
Costs capitalized subsequent to acquisition | 583 | |||
Carrying amount of land | 6,828 | |||
Carrying amount of buildings and improvements | 24,836 | |||
Carrying amount of land and buildings and improvements, Total | 31,664 | |||
Accumulated Depreciation | -3,379 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Hampton Central Dist Ctr [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 8,928 | |||
Building and improvements | 28,015 | |||
Costs capitalized subsequent to acquisition | 64 | |||
Carrying amount of land | 8,928 | |||
Carrying amount of buildings and improvements | 28,079 | |||
Carrying amount of land and buildings and improvements, Total | 37,007 | |||
Accumulated Depreciation | -214 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | IAD Cargo Center 5 [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 43,060 | |||
Costs capitalized subsequent to acquisition | 75 | |||
Carrying amount of buildings and improvements | 43,135 | |||
Carrying amount of land and buildings and improvements, Total | 43,135 | |||
Accumulated Depreciation | -25,257 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meadowridge Distribution Center [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 7,827 | |||
Building and improvements | 18,990 | |||
Costs capitalized subsequent to acquisition | 6,527 | |||
Carrying amount of land | 7,972 | |||
Carrying amount of buildings and improvements | 25,372 | |||
Carrying amount of land and buildings and improvements, Total | 33,344 | |||
Accumulated Depreciation | -3,134 | |||
Date of Construction/ Acquisition | 1998, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Meadowridge Industrial [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 4,845 | |||
Building and improvements | 20,576 | |||
Costs capitalized subsequent to acquisition | 4,091 | |||
Carrying amount of land | 4,845 | |||
Carrying amount of buildings and improvements | 24,667 | |||
Carrying amount of land and buildings and improvements, Total | 29,512 | |||
Accumulated Depreciation | -2,769 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Patuxent Range Road [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 2,281 | |||
Building and improvements | 9,638 | |||
Costs capitalized subsequent to acquisition | 1,243 | |||
Carrying amount of land | 2,281 | |||
Carrying amount of buildings and improvements | 10,881 | |||
Carrying amount of land and buildings and improvements, Total | 13,162 | |||
Accumulated Depreciation | -1,472 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Preston Court [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,326 | |||
Building and improvements | 10,146 | |||
Costs capitalized subsequent to acquisition | 202 | |||
Carrying amount of land | 2,326 | |||
Carrying amount of buildings and improvements | 10,348 | |||
Carrying amount of land and buildings and improvements, Total | 12,674 | |||
Accumulated Depreciation | -1,372 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | ProLogis Park - Dulles [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 7 | |||
Land | 16,703 | |||
Building and improvements | 36,268 | |||
Costs capitalized subsequent to acquisition | 576 | |||
Carrying amount of land | 16,703 | |||
Carrying amount of buildings and improvements | 36,844 | |||
Carrying amount of land and buildings and improvements, Total | 53,547 | |||
Accumulated Depreciation | -2,189 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Troy Hill Dist Ctr [Member] | Baltimore/Washington [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 9,179 | |||
Building and improvements | 31,489 | |||
Costs capitalized subsequent to acquisition | 27 | |||
Carrying amount of land | 9,179 | |||
Carrying amount of buildings and improvements | 31,516 | |||
Carrying amount of land and buildings and improvements, Total | 40,695 | |||
Accumulated Depreciation | -1,298 | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Boston Industrial [Member] | Boston, Massachusetts [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 4 | |||
Land | 11,180 | |||
Building and improvements | 25,975 | |||
Costs capitalized subsequent to acquisition | -238 | |||
Carrying amount of land | 11,810 | |||
Carrying amount of buildings and improvements | 25,737 | |||
Carrying amount of land and buildings and improvements, Total | 37,547 | |||
Accumulated Depreciation | -5,254 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Carlisle Dist Ctr [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 6 | |||
Land | 54,852 | |||
Building and improvements | 233,619 | |||
Costs capitalized subsequent to acquisition | 6,048 | |||
Carrying amount of land | 54,852 | |||
Carrying amount of buildings and improvements | 239,667 | |||
Carrying amount of land and buildings and improvements, Total | 294,519 | |||
Accumulated Depreciation | -15,392 | |||
Date of Construction/ Acquisition | 2012, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chambersburg Dist Ctr [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,188 | |||
Building and improvements | 17,796 | |||
Costs capitalized subsequent to acquisition | 76 | |||
Carrying amount of land | 4,188 | |||
Carrying amount of buildings and improvements | 17,872 | |||
Carrying amount of land and buildings and improvements, Total | 22,060 | |||
Accumulated Depreciation | -924 | |||
Date of Construction/ Acquisition | 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Harrisburg Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 21,950 | |||
Building and improvements | 96,007 | |||
Costs capitalized subsequent to acquisition | 1,946 | |||
Carrying amount of land | 21,950 | |||
Carrying amount of buildings and improvements | 97,953 | |||
Carrying amount of land and buildings and improvements, Total | 119,903 | |||
Accumulated Depreciation | -9,168 | |||
Date of Construction/ Acquisition | 2004, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Harrisburg Industrial Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 782 | |||
Building and improvements | 6,190 | |||
Costs capitalized subsequent to acquisition | 1,581 | |||
Carrying amount of land | 782 | |||
Carrying amount of buildings and improvements | 7,771 | |||
Carrying amount of land and buildings and improvements, Total | 8,553 | |||
Accumulated Depreciation | -2,461 | |||
Date of Construction/ Acquisition | 2002 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | I-78 Dist. Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 13,030 | |||
Building and improvements | 30,007 | |||
Costs capitalized subsequent to acquisition | 335 | |||
Carrying amount of land | 13,030 | |||
Carrying amount of buildings and improvements | 30,342 | |||
Carrying amount of land and buildings and improvements, Total | 43,372 | |||
Accumulated Depreciation | -3,655 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | I-81 Distribution [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 1,822 | |||
Building and improvements | 21,583 | |||
Costs capitalized subsequent to acquisition | 328 | |||
Carrying amount of land | 1,822 | |||
Carrying amount of buildings and improvements | 21,911 | |||
Carrying amount of land and buildings and improvements, Total | 23,733 | |||
Accumulated Depreciation | -2,575 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Kraft Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 7,450 | |||
Building and improvements | 23,863 | |||
Carrying amount of land | 7,450 | |||
Carrying amount of buildings and improvements | 23,863 | |||
Carrying amount of land and buildings and improvements, Total | 31,313 | |||
Accumulated Depreciation | -187 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Northport Ind Ctr [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 12,282 | |||
Building and improvements | 39,621 | |||
Costs capitalized subsequent to acquisition | 1 | |||
Carrying amount of land | 12,282 | |||
Carrying amount of buildings and improvements | 39,622 | |||
Carrying amount of land and buildings and improvements, Total | 51,904 | |||
Accumulated Depreciation | -314 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Park 33 Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 28,947 | |||
Building and improvements | 49,500 | |||
Costs capitalized subsequent to acquisition | 41,138 | |||
Carrying amount of land | 31,207 | |||
Carrying amount of buildings and improvements | 88,378 | |||
Carrying amount of land and buildings and improvements, Total | 119,585 | |||
Accumulated Depreciation | -6,061 | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | PHL Cargo Center C2 [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Building and improvements | 11,966 | |||
Costs capitalized subsequent to acquisition | 25 | |||
Carrying amount of buildings and improvements | 11,991 | |||
Carrying amount of land and buildings and improvements, Total | 11,991 | |||
Accumulated Depreciation | -4,327 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Pottsville Dist Ctr [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 4,486 | |||
Building and improvements | 19,527 | |||
Costs capitalized subsequent to acquisition | 907 | |||
Carrying amount of land | 4,486 | |||
Carrying amount of buildings and improvements | 20,434 | |||
Carrying amount of land and buildings and improvements, Total | 24,920 | |||
Accumulated Depreciation | -2,249 | |||
Date of Construction/ Acquisition | 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Quakertown Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,966 | |||
Costs capitalized subsequent to acquisition | 27,698 | |||
Carrying amount of land | 6,966 | |||
Carrying amount of buildings and improvements | 27,698 | |||
Carrying amount of land and buildings and improvements, Total | 34,664 | |||
Accumulated Depreciation | -5,960 | |||
Date of Construction/ Acquisition | 2006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Arch Road Logistics Center [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 9,492 | |||
Building and improvements | 38,060 | |||
Costs capitalized subsequent to acquisition | 2,310 | |||
Carrying amount of land | 9,492 | |||
Carrying amount of buildings and improvements | 40,370 | |||
Carrying amount of land and buildings and improvements, Total | 49,862 | |||
Accumulated Depreciation | -5,680 | |||
Date of Construction/ Acquisition | 2010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Central Valley Distribution Center [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 3 | |||
Land | 5,339 | |||
Building and improvements | 32,838 | |||
Costs capitalized subsequent to acquisition | 526 | |||
Carrying amount of land | 5,339 | |||
Carrying amount of buildings and improvements | 33,364 | |||
Carrying amount of land and buildings and improvements, Total | 38,703 | |||
Accumulated Depreciation | -266 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Central Valley Industrial Center [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 14,110 | |||
Building and improvements | 65,026 | |||
Costs capitalized subsequent to acquisition | 8,648 | |||
Carrying amount of land | 14,560 | |||
Carrying amount of buildings and improvements | 73,224 | |||
Carrying amount of land and buildings and improvements, Total | 87,784 | |||
Accumulated Depreciation | -25,728 | |||
Date of Construction/ Acquisition | 1999, 2002, 2005, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Chabot Commerce Ctr [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 2 | |||
Land | 5,222 | |||
Building and improvements | 13,697 | |||
Costs capitalized subsequent to acquisition | 6,601 | |||
Carrying amount of land | 5,222 | |||
Carrying amount of buildings and improvements | 20,298 | |||
Carrying amount of land and buildings and improvements, Total | 25,520 | |||
Accumulated Depreciation | -3,516 | |||
Date of Construction/ Acquisition | 2011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Duck Creek Dist Ctr [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 6,690 | |||
Building and improvements | 39,683 | |||
Carrying amount of land | 6,690 | |||
Carrying amount of buildings and improvements | 39,683 | |||
Carrying amount of land and buildings and improvements, Total | 46,373 | |||
Accumulated Depreciation | -300 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Manteca Distribution Center [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 9,280 | |||
Building and improvements | 27,840 | |||
Costs capitalized subsequent to acquisition | 591 | |||
Carrying amount of land | 9,480 | |||
Carrying amount of buildings and improvements | 28,231 | |||
Carrying amount of land and buildings and improvements, Total | 37,711 | |||
Accumulated Depreciation | -8,733 | |||
Date of Construction/ Acquisition | 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Tracy Dist Ctr [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 1 | |||
Land | 2,056 | |||
Building and improvements | 12,248 | |||
Carrying amount of land | 2,056 | |||
Carrying amount of buildings and improvements | 12,248 | |||
Carrying amount of land and buildings and improvements, Total | 14,304 | |||
Accumulated Depreciation | -93 | |||
Date of Construction/ Acquisition | 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Tracy II Distribution Center [Member] | Central Valley, CA [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 5 | |||
Land | 23,905 | |||
Building and improvements | 32,080 | |||
Costs capitalized subsequent to acquisition | 152,468 | |||
Carrying amount of land | 29,246 | |||
Carrying amount of buildings and improvements | 179,207 | |||
Carrying amount of land and buildings and improvements, Total | 208,453 | |||
Accumulated Depreciation | -19,640 | |||
Date of Construction/ Acquisition | 2007, 2009, 2012, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | Charlotte Distribution Center [Member] | Charlotte, North Carolina [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | 11 | |||
Land | 6,596 | |||
Building and improvements | 8,581 | |||
Costs capitalized subsequent to acquisition | 28,810 | |||
Carrying amount of land | 8,114 | |||
Carrying amount of buildings and improvements | 35,873 | |||
Carrying amount of land and buildings and improvements, Total | 43,987 | |||
Accumulated Depreciation | ($15,719) | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1998, 2014 |
Real_Estate_and_Accumulated_De2
Real Estate and Accumulated Depreciation (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Balance at beginning of year | $18,822,081,000 | $23,559,891,000 | $22,413,079,000 |
Total per Schedule III | 20,109,432,000 | 18,822,081,000 | 23,559,891,000 |
Acquisitions of operating properties, improvements to operating properties, development activity, transfers of land to CIP and net effect of changes in foreign exchange rates and other | 3,595,836,000 | 2,050,810,000 | 2,881,005,000 |
Land | 1,577,786,000 | ||
Basis of operating properties disposed of | -2,713,300,000 | -6,857,994,000 | -1,630,764,000 |
Other real estate investments | 502,927,000 | ||
Change in the development portfolio balance, including the acquisition of properties | 452,963,000 | 69,374,000 | 91,112,000 |
Total per consolidated balance sheet | 22,190,145,000 | 20,824,477,000 | |
Impairment of real estate properties | -194,541,000 | ||
Total accumulated depreciation per Schedule III | 2,748,835,000 | 2,540,267,000 | 2,460,642,000 |
Assets transferred to held-for-sale | -48,148,000 | ||
Accumulated depreciation on other real estate investments | 41,946,000 | ||
Balance at end of year | 20,109,432,000 | 18,822,081,000 | 23,559,891,000 |
Total per consolidated balance sheet | 2,790,781,000 | 2,568,998,000 | |
Balance at beginning of year | 2,540,267,000 | 2,460,642,000 | 2,150,713,000 |
Aggregate cost for Federal tax purposes | 14,000,000,000 | ||
Depreciation expense | 490,298,000 | 505,691,000 | 665,239,000 |
Balances retired upon disposition of operating properties and net effect of changes in foreign exchange rates and other | -277,516,000 | -426,066,000 | -355,310,000 |
Amount secured of mortgage notes | 4,500,000,000 | ||
Assets transferred to held-for-sale | -4,214,000 | ||
Mortgage notes | 2,300,000,000 | ||
Balance at end of year | 2,748,835,000 | 2,540,267,000 | 2,460,642,000 |
Assessment bonds | 15,500,000 | ||
Assessment bonds, aggregate undepreciated cost | $783,400,000 | ||
Standard Tenant Improvements [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Useful lives for real estate assets | 10 years | ||
Land improvements on developed buildings [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Useful lives for real estate assets | 25 years | ||
Acquired Industrial Properties [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Useful lives for real estate assets | 30 years | ||
Properties Developed [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Useful lives for real estate assets | 40 years | ||
Minimum [Member] | Capital Improvements [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Useful lives for real estate assets | 5 years | ||
Maximum [Member] | Capital Improvements [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Useful lives for real estate assets | 7 years |