Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Feb. 10, 2017 | Jun. 30, 2016 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | PLD | ||
Entity Registrant Name | Prologis, Inc. | ||
Entity Central Index Key | 1,045,609 | ||
Current Fiscal Year End Date | --12-31 | ||
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 | 529,345,000 | ||
Entity Public Float | $ 25,583,323,441 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
ASSETS | ||
Investments in real estate properties | $ 27,119,330 | $ 27,521,368 |
Less accumulated depreciation | 3,758,372 | 3,274,284 |
Net investments in real estate properties | 23,360,958 | 24,247,084 |
Investments in and advances to unconsolidated entities | 4,230,429 | 4,755,620 |
Assets held for sale or contribution | 322,139 | 378,423 |
Notes receivable backed by real estate | 32,100 | 235,050 |
Net investments in real estate | 27,945,626 | 29,616,177 |
Cash and cash equivalents | 807,316 | 264,080 |
Other assets | 1,496,990 | 1,514,510 |
Total assets | 30,249,932 | 31,394,767 |
Liabilities: | ||
Debt | 10,608,294 | 11,626,831 |
Accounts payable and accrued expenses | 556,179 | 712,725 |
Other liabilities | 627,319 | 634,375 |
Total liabilities | 11,791,792 | 12,973,931 |
Prologis, Inc. stockholders’ equity: | ||
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 1,565 shares issued and outstanding and 100,000 preferred shares authorized at December 31, 2016, and 2015 | 78,235 | 78,235 |
Common stock; $0.01 par value; 528,671 shares and 524,512 shares issued and outstanding at December 31, 2016, and 2015, respectively | 5,287 | 5,245 |
Additional paid-in capital | 19,455,039 | 19,302,367 |
Accumulated other comprehensive loss | (937,473) | (791,429) |
Distributions in excess of net earnings | (3,610,007) | (3,926,483) |
Total Prologis, Inc. stockholders’ equity | 14,991,081 | 14,667,935 |
Partners' capital: | ||
Noncontrolling interests | 3,467,059 | 3,752,901 |
Total equity | 18,458,140 | 18,420,836 |
Total liabilities and equity | 30,249,932 | 31,394,767 |
Prologis, L.P. [Member] | ||
ASSETS | ||
Investments in real estate properties | 27,119,330 | 27,521,368 |
Less accumulated depreciation | 3,758,372 | 3,274,284 |
Net investments in real estate properties | 23,360,958 | 24,247,084 |
Investments in and advances to unconsolidated entities | 4,230,429 | 4,755,620 |
Assets held for sale or contribution | 322,139 | 378,423 |
Notes receivable backed by real estate | 32,100 | 235,050 |
Net investments in real estate | 27,945,626 | 29,616,177 |
Cash and cash equivalents | 807,316 | 264,080 |
Other assets | 1,496,990 | 1,514,510 |
Total assets | 30,249,932 | 31,394,767 |
Liabilities: | ||
Debt | 10,608,294 | 11,626,831 |
Accounts payable and accrued expenses | 556,179 | 712,725 |
Other liabilities | 627,319 | 634,375 |
Total liabilities | 11,791,792 | 12,973,931 |
Partners' capital: | ||
Total partners’ capital | 15,385,671 | 15,100,609 |
Noncontrolling interests | 3,072,469 | 3,320,227 |
Total capital | 18,458,140 | 18,420,836 |
Total liabilities and equity | 30,249,932 | 31,394,767 |
Prologis, L.P. [Member] | Preferred [Member] | ||
Partners' capital: | ||
General partner | 78,235 | 78,235 |
Prologis, L.P. [Member] | Common [Member] | ||
Partners' capital: | ||
General partner | 14,912,846 | 14,589,700 |
Limited partners | 150,173 | 186,683 |
Prologis, L.P. [Member] | Class A Common [Member] | ||
Partners' capital: | ||
Limited partners | $ 244,417 | $ 245,991 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
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 | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 1,565,000 | 1,565,000 |
Preferred stock, shares outstanding | 1,565,000 | 1,565,000 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares issued | 528,671,000 | 524,512,000 |
Common stock, shares outstanding | 528,671,000 | 524,512,000 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Revenues: | |||
Rental | $ 1,734,844 | $ 1,536,117 | $ 1,178,609 |
Rental recoveries | 485,565 | 437,070 | 348,740 |
Strategic capital | 294,552 | 210,362 | 219,871 |
Development management and other | 18,174 | 13,525 | 13,567 |
Total revenues | 2,533,135 | 2,197,074 | 1,760,787 |
Expenses: | |||
Rental | 568,870 | 544,182 | 430,289 |
Strategic capital | 128,506 | 108,422 | 115,430 |
General and administrative | 222,067 | 217,227 | 229,332 |
Depreciation and amortization | 930,985 | 880,373 | 642,461 |
Other | 14,329 | 66,698 | 23,467 |
Total expenses | 1,864,757 | 1,816,902 | 1,440,979 |
Operating income | 668,378 | 380,172 | 319,808 |
Other income (expense): | |||
Earnings from unconsolidated entities, net | 206,307 | 159,262 | 134,288 |
Interest expense | (303,146) | (301,363) | (308,885) |
Interest and other income, net | 8,101 | 25,484 | 25,768 |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 757,398 | 758,887 | 725,790 |
Foreign currency and derivative gains (losses), net | 7,582 | 12,466 | (17,841) |
Gains (losses) on early extinguishment of debt, net | 2,484 | (86,303) | (165,300) |
Total other income | 678,726 | 568,433 | 393,820 |
Earnings before income taxes | 1,347,104 | 948,605 | 713,628 |
Total income tax expense (benefit) | 54,564 | 23,090 | (25,656) |
Consolidated net earnings | 1,292,540 | 925,515 | 739,284 |
Less net earnings attributable to noncontrolling interests | 82,608 | 56,076 | 103,101 |
Net earnings attributable to controlling interests | 1,209,932 | 869,439 | 636,183 |
Less preferred stock/unit dividends/distributions | 6,714 | 6,651 | 7,431 |
Loss on preferred stock/unit repurchase | 0 | 0 | 6,517 |
Net earnings attributable to common stockholders/unitholders | $ 1,203,218 | $ 862,788 | $ 622,235 |
Weighted average common shares/units outstanding – Basic | 526,103 | 521,241 | 499,583 |
Weighted average common shares/units outstanding – Diluted | 546,666 | 533,944 | 506,391 |
Net earnings per share attributable to common stockholders/unitholders – Basic | $ 2.29 | $ 1.66 | $ 1.25 |
Net earnings per share attributable to common stockholders/unitholders – Diluted | 2.27 | 1.64 | 1.24 |
Dividends per common share or unit | $ 1.68 | $ 1.52 | $ 1.32 |
Prologis, L.P. [Member] | |||
Revenues: | |||
Rental | $ 1,734,844 | $ 1,536,117 | $ 1,178,609 |
Rental recoveries | 485,565 | 437,070 | 348,740 |
Strategic capital | 294,552 | 210,362 | 219,871 |
Development management and other | 18,174 | 13,525 | 13,567 |
Total revenues | 2,533,135 | 2,197,074 | 1,760,787 |
Expenses: | |||
Rental | 568,870 | 544,182 | 430,289 |
Strategic capital | 128,506 | 108,422 | 115,430 |
General and administrative | 222,067 | 217,227 | 229,332 |
Depreciation and amortization | 930,985 | 880,373 | 642,461 |
Other | 14,329 | 66,698 | 23,467 |
Total expenses | 1,864,757 | 1,816,902 | 1,440,979 |
Operating income | 668,378 | 380,172 | 319,808 |
Other income (expense): | |||
Earnings from unconsolidated entities, net | 206,307 | 159,262 | 134,288 |
Interest expense | (303,146) | (301,363) | (308,885) |
Interest and other income, net | 8,101 | 25,484 | 25,768 |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 757,398 | 758,887 | 725,790 |
Foreign currency and derivative gains (losses), net | 7,582 | 12,466 | (17,841) |
Gains (losses) on early extinguishment of debt, net | 2,484 | (86,303) | (165,300) |
Total other income | 678,726 | 568,433 | 393,820 |
Earnings before income taxes | 1,347,104 | 948,605 | 713,628 |
Total income tax expense (benefit) | 54,564 | 23,090 | (25,656) |
Consolidated net earnings | 1,292,540 | 925,515 | 739,284 |
Less net earnings attributable to noncontrolling interests | 48,307 | 44,950 | 100,900 |
Net earnings attributable to controlling interests | 1,244,233 | 880,565 | 638,384 |
Less preferred stock/unit dividends/distributions | 6,714 | 6,651 | 7,431 |
Loss on preferred stock/unit repurchase | 0 | 0 | 6,517 |
Net earnings attributable to common stockholders/unitholders | $ 1,237,519 | $ 873,914 | $ 624,436 |
Weighted average common shares/units outstanding – Basic | 532,326 | 525,912 | 501,349 |
Weighted average common shares/units outstanding – Diluted | 546,666 | 533,944 | 506,391 |
Net earnings per share attributable to common stockholders/unitholders – Basic | $ 2.29 | $ 1.66 | $ 1.25 |
Net earnings per share attributable to common stockholders/unitholders – Diluted | 2.27 | 1.64 | 1.24 |
Dividends per common share or unit | $ 1.68 | $ 1.52 | $ 1.32 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Consolidated net earnings | $ 1,292,540 | $ 925,515 | $ 739,284 |
Other comprehensive income (loss): | |||
Foreign currency translation losses, net | (135,958) | (208,901) | (171,401) |
Unrealized losses on derivative contracts, net | (1,349) | (17,457) | (6,498) |
Comprehensive income | 1,155,233 | 699,157 | 561,385 |
Net earnings attributable to noncontrolling interests | (82,608) | (56,076) | (103,101) |
Other comprehensive loss (gain) attributable to noncontrolling interests | (8,737) | 35,266 | 13,237 |
Comprehensive income attributable to common stockholders / unitholders | 1,063,888 | 678,347 | 471,521 |
Prologis, L.P. [Member] | |||
Consolidated net earnings | 1,292,540 | 925,515 | 739,284 |
Other comprehensive income (loss): | |||
Foreign currency translation losses, net | (135,958) | (208,901) | (171,401) |
Unrealized losses on derivative contracts, net | (1,349) | (17,457) | (6,498) |
Comprehensive income | 1,155,233 | 699,157 | 561,385 |
Net earnings attributable to noncontrolling interests | (48,307) | (44,950) | (100,900) |
Other comprehensive loss (gain) attributable to noncontrolling interests | (12,601) | 32,862 | 12,666 |
Comprehensive income attributable to common stockholders / unitholders | $ 1,094,325 | $ 687,069 | $ 473,151 |
Consolidated Statement of Equit
Consolidated Statement of Equity - USD ($) shares in Thousands, $ in Thousands | Total | KTR Capital Partners and Affiliates [Member] | Other Acquisitions [Member] | 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] | Non-controlling Interests [Member]KTR Capital Partners and Affiliates [Member] | Non-controlling Interests [Member]Other Acquisitions [Member] |
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 | ||||||||||
Consolidated net earnings | 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 | ||||||||||
Issuance of stock in at-the-market program, net of issuance costs | 140,135 | $ 33 | 140,102 | ||||||||
Issuance of stock in at-the-market program, net of issuance costs, shares | 3,316 | ||||||||||
Repurchase of preferred sock | (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 | ||||||||||
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 | 14,464 | 14,464 | |||||||||
Settlement of noncontrolling interests | (2,440) | 33,803 | (36,243) | ||||||||
Foreign currency translation gains (losses), net | (181,164) | (167,950) | (13,214) | ||||||||
Unrealized losses and amortization on derivative contracts, net | (9,242) | (9,219) | (23) | ||||||||
Distributions and other | (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 | ||||||||||
Consolidated net earnings | 925,515 | 869,439 | 56,076 | ||||||||
Effect of equity compensation plans | 83,703 | $ 15 | 57,454 | 26,234 | |||||||
Effect of equity compensation plans, shares | 1,475 | ||||||||||
Issuance of stock in at-the-market program, net of issuance costs | 71,548 | $ 16 | 71,532 | ||||||||
Issuance of stock in at-the-market program, net of issuance costs, shares | 1,662 | ||||||||||
Issuance of stock upon conversion of exchangeable debt | 502,732 | $ 119 | 502,613 | ||||||||
Issuance of stock upon conversion of exchangeable debt, shares | 11,872 | ||||||||||
Issuance of units related to acquisitions | $ 181,170 | $ 371,570 | $ 181,170 | $ 371,570 | |||||||
Capital contributions | 2,355,596 | 2,355,596 | |||||||||
Foreign currency translation gains (losses), net | (208,901) | (173,852) | (35,049) | ||||||||
Unrealized losses and amortization on derivative contracts, net | (17,457) | (17,240) | (217) | ||||||||
Reallocation of equity | 0 | 202,812 | (15,894) | (186,918) | |||||||
Distributions and other | (1,028,239) | 947 | (805,535) | (223,651) | |||||||
Distributions and other, shares | 5 | ||||||||||
Balance at Dec. 31, 2015 | $ 18,420,836 | 78,235 | $ 5,245 | 19,302,367 | (791,429) | (3,926,483) | 3,752,901 | ||||
Balance, shares at Dec. 31, 2015 | 524,512 | 524,512 | |||||||||
Consolidated net earnings | $ 1,292,540 | 1,209,932 | 82,608 | ||||||||
Effect of equity compensation plans | 117,697 | $ 23 | 91,191 | 26,483 | |||||||
Effect of equity compensation plans, shares | 2,282 | ||||||||||
Issuance of units related to acquisitions | 3,162 | 3,162 | |||||||||
Conversion of noncontrolling interests | 0 | $ 19 | 52,237 | (52,256) | |||||||
Conversion of noncontrolling interests, shares | 1,877 | ||||||||||
Foreign currency translation gains (losses), net | (135,958) | (144,730) | 8,772 | ||||||||
Unrealized losses and amortization on derivative contracts, net | (1,349) | (1,314) | (35) | ||||||||
Reallocation of equity | 0 | 8,657 | (8,657) | ||||||||
Distributions and other | (1,238,788) | 587 | (893,456) | (345,919) | |||||||
Balance at Dec. 31, 2016 | $ 18,458,140 | $ 78,235 | $ 5,287 | $ 19,455,039 | $ (937,473) | $ (3,610,007) | $ 3,467,059 | ||||
Balance, shares at Dec. 31, 2016 | 528,671 | 528,671 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Operating activities: | |||
Consolidated net earnings | $ 1,292,540 | $ 925,515 | $ 739,284 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
Straight-lined rents and amortization of above and below market leases | (93,608) | (59,619) | (14,392) |
Equity-based compensation awards | 60,341 | 53,665 | 57,478 |
Depreciation and amortization | 930,985 | 880,373 | 642,461 |
Earnings from unconsolidated entities, net | (206,307) | (159,262) | (134,288) |
Distributions from unconsolidated entities | 286,651 | 284,664 | 294,890 |
Net changes in operating receivables from unconsolidated entities | 14,823 | (38,185) | (7,503) |
Amortization of debt premiums, net of deferred financing costs | (15,137) | (31,841) | (7,324) |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | (757,398) | (758,887) | (725,790) |
Unrealized foreign currency and derivative losses (gains), net | (8,052) | (1,019) | 22,571 |
Losses (gains) on early extinguishment of debt, net | (2,484) | 86,303 | 165,300 |
Deferred income tax benefit | (5,525) | (5,057) | (87,240) |
Increase in accounts receivable and other assets | (106,337) | (64,749) | (93) |
Increase (decrease) in accounts payable and accrued expenses and other liabilities | 26,513 | 4,426 | (50,881) |
Net cash provided by operating activities | 1,417,005 | 1,116,327 | 894,473 |
Investing activities: | |||
Real estate development | (1,641,560) | (1,339,904) | (1,064,220) |
Real estate acquisitions | (458,516) | (890,183) | (612,330) |
Tenant improvements and lease commissions on previously leased space | (165,933) | (154,564) | (133,957) |
Nondevelopment capital expenditures | (101,677) | (83,351) | (78,610) |
Proceeds from dispositions and contributions of real estate properties | 2,826,408 | 2,795,249 | 2,285,488 |
Investments in and advances to unconsolidated entities | (265,951) | (474,420) | (756,416) |
Acquisition of a controlling interest in unconsolidated co-investment ventures, net of cash received | 0 | 0 | (590,390) |
Return of investment from unconsolidated entities | 776,550 | 29,406 | 84,135 |
Proceeds from repayment of notes receivable backed by real estate | 202,950 | 9,866 | 188,000 |
Proceeds from the settlement of net investment hedges | 79,767 | 129,149 | 31,409 |
Payments on the settlement of net investment hedges | 0 | (981) | (18,370) |
Net cash provided by (used in) investing activities | 1,252,038 | (4,789,232) | (665,261) |
Financing activities: | |||
Proceeds from issuance of common stock | 39,470 | 90,258 | 378,247 |
Distributions paid on common and preferred stock | (893,455) | (804,697) | (672,190) |
Repurchase of preferred stock | 0 | 0 | (27,643) |
Noncontrolling interests contributions | 2,168 | 2,355,367 | 468,280 |
Noncontrolling interests distributions | (343,550) | (215,740) | (315,426) |
Purchase of noncontrolling interests | (3,083) | (2,560) | (2,440) |
Tax paid for shares withheld | (8,570) | (12,298) | (12,990) |
Debt and equity issuance costs paid | (20,123) | (32,012) | (23,420) |
Net proceeds from (payments on) credit facilities | 33,435 | (7,970) | (717,369) |
Repurchase and payments of debt | (2,301,647) | (3,156,294) | (4,205,806) |
Proceeds from issuance of debt | 1,369,890 | 5,381,862 | 4,779,950 |
Net cash provided by (used in) financing activities | (2,125,465) | 3,595,916 | (350,807) |
Effect of foreign currency exchange rate changes on cash | (342) | (9,623) | (18,842) |
Net increase (decrease) in cash and cash equivalents | 543,236 | (86,612) | (140,437) |
Cash and cash equivalents, beginning of year | 264,080 | 350,692 | 491,129 |
Cash and cash equivalents, end of year | 807,316 | 264,080 | 350,692 |
Prologis, L.P. [Member] | |||
Operating activities: | |||
Consolidated net earnings | 1,292,540 | 925,515 | 739,284 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
Straight-lined rents and amortization of above and below market leases | (93,608) | (59,619) | (14,392) |
Equity-based compensation awards | 60,341 | 53,665 | 57,478 |
Depreciation and amortization | 930,985 | 880,373 | 642,461 |
Earnings from unconsolidated entities, net | (206,307) | (159,262) | (134,288) |
Distributions from unconsolidated entities | 286,651 | 284,664 | 294,890 |
Net changes in operating receivables from unconsolidated entities | 14,823 | (38,185) | (7,503) |
Amortization of debt premiums, net of deferred financing costs | (15,137) | (31,841) | (7,324) |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | (757,398) | (758,887) | (725,790) |
Unrealized foreign currency and derivative losses (gains), net | (8,052) | (1,019) | 22,571 |
Losses (gains) on early extinguishment of debt, net | (2,484) | 86,303 | 165,300 |
Deferred income tax benefit | (5,525) | (5,057) | (87,240) |
Increase in accounts receivable and other assets | (106,337) | (64,749) | (93) |
Increase (decrease) in accounts payable and accrued expenses and other liabilities | 26,513 | 4,426 | (50,881) |
Net cash provided by operating activities | 1,417,005 | 1,116,327 | 894,473 |
Investing activities: | |||
Real estate development | (1,641,560) | (1,339,904) | (1,064,220) |
Real estate acquisitions | (458,516) | (890,183) | (612,330) |
Tenant improvements and lease commissions on previously leased space | (165,933) | (154,564) | (133,957) |
Nondevelopment capital expenditures | (101,677) | (83,351) | (78,610) |
Proceeds from dispositions and contributions of real estate properties | 2,826,408 | 2,795,249 | 2,285,488 |
Investments in and advances to unconsolidated entities | (265,951) | (474,420) | (756,416) |
Acquisition of a controlling interest in unconsolidated co-investment ventures, net of cash received | 0 | 0 | (590,390) |
Return of investment from unconsolidated entities | 776,550 | 29,406 | 84,135 |
Proceeds from repayment of notes receivable backed by real estate | 202,950 | 9,866 | 188,000 |
Proceeds from the settlement of net investment hedges | 79,767 | 129,149 | 31,409 |
Payments on the settlement of net investment hedges | 0 | (981) | (18,370) |
Net cash provided by (used in) investing activities | 1,252,038 | (4,789,232) | (665,261) |
Financing activities: | |||
Proceeds from issuance of common stock | 39,470 | 90,258 | 378,247 |
Distributions paid on common and preferred stock | (931,559) | (820,989) | (674,344) |
Repurchase of preferred stock | 0 | 0 | (27,643) |
Noncontrolling interests contributions | 2,168 | 2,355,367 | 468,280 |
Noncontrolling interests distributions | (306,297) | (199,845) | (313,272) |
Purchase of noncontrolling interests | (2,232) | (2,163) | (2,440) |
Tax paid for shares withheld | (8,570) | (12,298) | (12,990) |
Debt and equity issuance costs paid | (20,123) | (32,012) | (23,420) |
Net proceeds from (payments on) credit facilities | 33,435 | (7,970) | (717,369) |
Repurchase and payments of debt | (2,301,647) | (3,156,294) | (4,205,806) |
Proceeds from issuance of debt | 1,369,890 | 5,381,862 | 4,779,950 |
Net cash provided by (used in) financing activities | (2,125,465) | 3,595,916 | (350,807) |
Effect of foreign currency exchange rate changes on cash | (342) | (9,623) | (18,842) |
Net increase (decrease) in cash and cash equivalents | 543,236 | (86,612) | (140,437) |
Cash and cash equivalents, beginning of year | 264,080 | 350,692 | 491,129 |
Cash and cash equivalents, end of year | 807,316 | 264,080 | 350,692 |
KTR Capital Partners and Affiliates [Member] | |||
Investing activities: | |||
KTR transaction, net of cash received | 0 | (4,809,499) | 0 |
KTR Capital Partners and Affiliates [Member] | Prologis, L.P. [Member] | |||
Investing activities: | |||
KTR transaction, net of cash received | $ 0 | $ (4,809,499) | $ 0 |
Consolidated Statements of Capi
Consolidated Statements of Capital - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Consolidated net earnings | $ 1,292,540 | $ 925,515 | $ 739,284 |
Effect of equity compensation plans | 117,697 | 83,703 | 88,888 |
Repurchase of preferred units | (27,643) | ||
Formation of Prologis U.S. Logistics Venture | 455,972 | ||
Consolidation of Prologis North American Industrial Fund | 567,000 | ||
Issuance of stock upon conversion of exchangeable debt | 502,732 | ||
Issuance of units related to acquisitions | 3,162 | ||
Capital contributions | 2,355,596 | 14,464 | |
Unrealized losses and amortization on derivative contracts, net | (1,349) | (17,457) | (9,242) |
KTR Capital Partners and Affiliates [Member] | |||
Issuance of units related to acquisitions | 181,170 | ||
Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | 371,570 | ||
Noncontrolling Interests [Member] | |||
Consolidated net earnings | 82,608 | 56,076 | 103,101 |
Effect of equity compensation plans | 26,483 | 26,234 | 450 |
Formation of Prologis U.S. Logistics Venture | 442,251 | ||
Consolidation of Prologis North American Industrial Fund | 554,493 | ||
Issuance of units related to acquisitions | 3,162 | ||
Capital contributions | 2,355,596 | 14,464 | |
Unrealized losses and amortization on derivative contracts, net | $ (35) | (217) | (23) |
Noncontrolling Interests [Member] | KTR Capital Partners and Affiliates [Member] | |||
Issuance of units related to acquisitions | 181,170 | ||
Noncontrolling Interests [Member] | Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | $ 371,570 | ||
Class A Common [Member] | |||
Beginning balance, Units | 8,900 | ||
Conversion of limited partners units, shares | 8,700 | 8,800 | |
Ending balance, Units | 8,900 | 8,900 | |
Prologis, L.P. [Member] | |||
Beginning balance | $ 18,420,836 | $ 15,183,599 | 14,176,453 |
Consolidated net earnings | 1,292,540 | 925,515 | 739,284 |
Effect of equity compensation plans | 117,697 | 83,703 | 88,888 |
Issuance of units in exchange for contribution of equity offering proceeds | 71,548 | 140,135 | |
Repurchase of preferred units | (27,643) | ||
Issuance of units in exchange for proceeds from exercise of warrant | 213,840 | ||
Formation of Prologis U.S. Logistics Venture | 455,972 | ||
Consolidation of Prologis North American Industrial Fund | 567,000 | ||
Issuance of stock upon conversion of exchangeable debt | 502,732 | ||
Issuance of units related to acquisitions | 3,162 | ||
Capital contributions | 2,355,596 | 14,464 | |
Settlement of noncontrolling interests | (2,440) | ||
Foreign currency translation gains (losses), net | (135,958) | (208,901) | (181,164) |
Unrealized losses and amortization on derivative contracts, net | (1,349) | (17,457) | (9,242) |
Distributions and other | (1,238,788) | (1,028,239) | (991,948) |
Ending balance | 18,458,140 | 18,420,836 | 15,183,599 |
Prologis, L.P. [Member] | KTR Capital Partners and Affiliates [Member] | |||
Issuance of units related to acquisitions | 181,170 | ||
Prologis, L.P. [Member] | Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | 371,570 | ||
Prologis, L.P. [Member] | Noncontrolling Interests [Member] | |||
Beginning balance | 3,320,227 | 1,159,901 | 417,086 |
Consolidated net earnings | 48,307 | 44,950 | 100,900 |
Formation of Prologis U.S. Logistics Venture | 442,251 | ||
Consolidation of Prologis North American Industrial Fund | 554,493 | ||
Capital contributions | 2,355,596 | 14,464 | |
Settlement of noncontrolling interests | (36,243) | ||
Foreign currency translation gains (losses), net | 12,601 | (32,862) | (12,666) |
Distributions and other | (308,666) | (207,358) | (320,384) |
Ending balance | 3,072,469 | 3,320,227 | 1,159,901 |
Prologis, L.P. [Member] | Preferred [Member] | General Partner | |||
Beginning balance | $ 78,235 | $ 78,235 | $ 100,000 |
Beginning balance, Units | 1,565 | 1,565 | 2,000 |
Repurchase of preferred units | $ (21,765) | ||
Redemption of preferred units, units | (435) | ||
Ending balance | $ 78,235 | $ 78,235 | $ 78,235 |
Ending balance, Units | 1,565 | 1,565 | 1,565 |
Prologis, L.P. [Member] | Common [Member] | General Partner | |||
Beginning balance | $ 14,589,700 | $ 13,897,274 | $ 13,611,158 |
Beginning balance, Units | 524,512 | 509,498 | 498,799 |
Consolidated net earnings | $ 1,209,932 | $ 869,439 | $ 636,183 |
Effect of equity compensation plans | $ 91,214 | $ 57,469 | $ 88,438 |
Effect of equity compensation plans, shares | 2,282 | 1,475 | 1,383 |
Issuance of units in exchange for contribution of equity offering proceeds | $ 71,548 | $ 140,135 | |
Issuance of units in exchange for contributions of equity offering proceeds share | 1,662 | 3,316 | |
Repurchase of preferred units | $ (5,878) | ||
Issuance of units in exchange for proceeds from exercise of warrant | $ 213,840 | ||
Issuance of units in exchange for proceeds from exercise of warrant, units | 6,000 | ||
Formation of Prologis U.S. Logistics Venture | $ 13,721 | ||
Consolidation of Prologis North American Industrial Fund | 12,507 | ||
Issuance of stock upon conversion of exchangeable debt | $ 502,732 | ||
Issuance of stock upon conversion of exchangeable debt, shares | 11,872 | ||
Conversion of limited partners units | $ 52,256 | ||
Conversion of limited partners units, shares | 1,877 | ||
Settlement of noncontrolling interests | 33,803 | ||
Foreign currency translation gains (losses), net | $ (144,730) | $ (173,852) | (167,950) |
Unrealized losses and amortization on derivative contracts, net | (1,314) | (17,240) | (9,219) |
Reallocation of capital | 8,657 | 186,918 | |
Distributions and other | (892,869) | $ (804,588) | (669,464) |
Distributions and other, shares | 5 | ||
Ending balance | $ 14,912,846 | $ 14,589,700 | $ 13,897,274 |
Ending balance, Units | 528,671 | 524,512 | 509,498 |
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member] | |||
Beginning balance | $ 186,683 | $ 48,189 | $ 48,209 |
Beginning balance, Units | 6,711 | 1,767 | 1,767 |
Consolidated net earnings | $ 14,232 | $ 7,733 | $ 2,201 |
Effect of equity compensation plans | $ 26,483 | $ 26,234 | 450 |
Effect of equity compensation plans, shares | 440 | 303 | |
Issuance of units related to acquisitions | $ 3,162 | ||
Issuance of units related to acquisition, shares | 71 | ||
Conversion of limited partners units | $ (52,256) | ||
Conversion of limited partners units, shares | (1,877) | ||
Foreign currency translation gains (losses), net | $ (1,457) | $ (1,520) | (548) |
Unrealized losses and amortization on derivative contracts, net | (13) | (151) | (23) |
Reallocation of capital | (12,414) | (70,965) | |
Distributions and other | $ (14,247) | $ (10,541) | (2,100) |
Distributions and other, shares | (22) | (16) | |
Ending balance | $ 150,173 | $ 186,683 | $ 48,189 |
Ending balance, Units | 5,323 | 6,711 | 1,767 |
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member] | KTR Capital Partners and Affiliates [Member] | |||
Issuance of units related to acquisitions | $ 181,170 | ||
Issuance of units related to acquisition, shares | 4,500 | ||
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member] | Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | $ 6,534 | ||
Issuance of units related to acquisition, shares | 157 | ||
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member] | |||
Beginning balance | $ 245,991 | ||
Beginning balance, Units | 8,894 | ||
Consolidated net earnings | $ 20,069 | $ 3,393 | |
Foreign currency translation gains (losses), net | (2,372) | (667) | |
Unrealized losses and amortization on derivative contracts, net | (22) | (66) | |
Reallocation of capital | 3,757 | (115,953) | |
Distributions and other | (23,006) | (5,752) | |
Ending balance | $ 244,417 | $ 245,991 | |
Ending balance, Units | 8,894 | 8,894 | |
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member] | Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | $ 365,036 | ||
Issuance of units related to acquisition, shares | 8,894 |
Description of the Business
Description of the Business | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Description of the Business | NOTE 1. DESCRIPTION OF THE 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 management of logistics properties in the world’s primary population centers and in those supported by extensive transportation infrastructure. Our current business strategy consists of two operating business segments: Real Estate Operations and Strategic Capital. Our Real Estate Operations segment represents the ownership and development of logistics properties. Our Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities. See Note 18 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, 2016, the Parent owned an approximate 97.42% common general partnership interest in the Operating Partnership and 100% of the preferred units in the Operating Partnership. The remaining approximate 2.58% common limited partnership interests, which include 8.9 million Class A common limited partnership units (“Class A Units”) in the Operating Partnership, are owned by unaffiliated investors and certain current and former directors and officers of the Parent. Each partner’s percentage interest in the Operating Partnership is determined based on the number of Operating Partnership units held, including the number of Operating Partnership units into which Class A Units are convertible, compared to total Operating Partnership units outstanding at each period end and is used as the basis for the allocation of net income or loss to each partner. At the end of each reporting period, a capital adjustment is made in the Operating Partnership to reflect the appropriate ownership interest for each of the common unitholders. These adjustments are reflected in the line items Reallocation of Equity Reallocation of Capital As the sole general partner of the Operating Partnership, the Parent has complete responsibility and discretion in the day-to-day management and control of the Operating Partnership and 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. Because 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 Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation. The accompanying Consolidated Financial Statements are prepared in accordance with United States (“U.S.”) 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 (“VIEs”), we first consider whether we are the general partner or the limited partner (or the equivalent in such investments that 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 that 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 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 2015 and 2014 have been reclassified to conform to the 2016 financial statement presentation. 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 revenues 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 U.S. 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 U.S. 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 take part in 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 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 Business Combinations. When we acquire a business or individual operating properties, we allocate the purchase price to the various components of the acquisition based on the fair value of the acquired assets and assumed liabilities, including an allocation to the individual buildings acquired. We generally acquire operating properties that meet the definition of a business and we expense transaction costs as incurred. 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 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 Level 3 inputs (further defined in Fair Value Measurements 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. Lease Intangibles . We determine the portion of the purchase price related to intangible assets and liabilities as follows: • Above and Below Market Leases . We recognize an asset or liability for acquired in-place leases with favorable or unfavorable rents based on our estimate of current market rents of the applicable markets. The value is recorded in either or , as appropriate, and is amortized over the term of the respective leases, including any bargain renewal options, to rental revenues. • Foregone Rent . We calculate the value of the revenue and recovery of costs foregone during a reasonable lease-up period, as if the space was vacant, in each of the applicable markets. The values are recorded in and amortized over the remaining life of the respective leases to amortization expense. • Leasing Commissions. We recognize an asset for leasing commissions upon the acquisition of in-place leases based on our estimate of the cost to lease space in the applicable markets. The value is recorded in and amortized over the remaining life of the respective leases 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 to interest expense over the remaining term of the related debt using the effective interest method. Noncontrolling Interests . 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 estimate fair value of 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 on 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 on 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. Recurring Fair Value Measurements. We estimate the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes as follows: • Debt. We estimate the fair value of our senior notes and exchangeable senior notes for disclosure purposes based on quoted market prices for the same (Level 1) or similar (Level 2) issues when current quoted market prices are available. We estimate the fair value of our credit facilities, term loans, secured mortgage debt and assessment bonds by discounting the future cash flows using rates and borrowing spreads currently available to us (Level 3). • Derivatives. We determine 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 determine 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 base the variable cash payments on an expectation of future interest rates, or forward curves, derived from observable market interest rate curves. We base the fair values of our net investment hedges on the change in the spot rate at the end of the period as compared with 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 consider 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 assess 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. Nonrecurring Fair Value Measurements. Assets measured at fair value on a nonrecurring basis generally consist of real estate assets and investments in and advances to unconsolidated entities that were subject to impairment charges related to our change of intent to sell the investments and through our recoverability analysis discussed below. We estimate fair value based on expected sales prices in the market (Level 2). 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 repairs and maintenance of 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 transaction costs related to the acquisition of land for future development. We capitalize costs incurred to successfully originate a lease that result 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 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: 5 to 7 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 on leases signed during 2016, based on square feet for all leases, was five years. We assess the carrying values of our respective real estate assets, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. We measure the recoverability of the 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 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 estimate the future undiscounted cash flows and fair value based on our intent as follows: • 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, including anticipated costs to develop; • for real estate properties we intend to sell, including properties currently under development and operating buildings; recoverability is assessed based on proceeds from disposition that are estimated based on future net rental income of the property, expected market capitalization rates and anticipated costs to develop; • for land parcels we intend to sell, recoverability is assessed based on estimated proceeds from disposition; and • 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. Assets Held for Sale or Contribution. We classify a property as held for sale or contribution when certain criteria are met, in accordance with GAAP. Assets classified as held for sale are expected to be sold to a third party and assets classified as held for contribution are newly developed assets we intend to contribute to an unconsolidated co-investment venture or to a third party within twelve months. 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 or contribution are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. 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, including formation costs and net of 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 and accumulated other comprehensive income or loss, distributions received, contributions made 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. Derivative Financial Instruments. We may use derivative financial instruments for the purpose of managing foreign currency exchange rate and interest rate risk. 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. On the basis of these factors, we consider the risk of counterparty default to be minimal. We recognize all derivatives at fair value within the line items Other Assets Other Liabilities AOCI Foreign Currency. We primarily manage our foreign currency exposure by borrowing in the currencies in which we invest. In certain circumstances, we may issue 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 in earnings of translation from the fluctuations in exchange rates, we may designate the debt as a nonderivative 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. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the nonderivative financial instruments and net investment hedges in equity in the foreign currency translation component of . These amounts offset the translation adjustments on the underlying net assets of our foreign investments, which we also record in . The foreign currency translation changes of the portion of the nonderivative financial instruments that are not designated as hedges are recorded directly in earnings within the line item in the Consolidated Statements of Income. We recognize ineffectiveness, if any, in earnings at the time the ineffectiveness occurred. 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 earnings of our international subsidiaries, principally in Canada, Europe and Japan. Put option contracts provide us with the option to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to depreciate against the U.S. dollar. Call option contracts create an obligation to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to appreciate against the U.S. dollar. Collar option contracts combine the put and call options into one contract to effectively lock in a range around the rate at which net operating income of our 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 non-hedge designated derivatives are recorded directly in earnings within the line item Foreign Currency and Derivative Gains (Losses), Net We may also use foreign currency forwards designed as cash flow hedges to mitigate foreign currency exchange rate risk associated with payments in a currency that is not the functional currency of our foreign subsidiaries. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the foreign currency forwards cash flow hedges in AOCI 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. 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 10 years or less. 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 Interest Expense AOCI Interest Expense Interest Expense 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. Costs related to our credit facilities are included in Other Assets and costs related to all our other debt are recorded as a direct reduction of the liability. Costs associated with debt modifications are expensed when incurred. AOCI. 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. 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 interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of each respective consolidated entity. We allocate net income to noncontrolling interests based on the weighted-average ownership interest during the period. The net income that is not attributable to us is reflected in the line item Net Earnings Attributable to Noncontrolling Interests . We do not recognize a gain or loss on transactions with a consolidated entity in which we do not own 100% of the equity, but we reflect the difference in cash received or paid from the noncontrolling interests carrying amount as paid-in-capital. Certain limited partnership interests are exchangeable into our common stock. Common stock issued upon exchange of a holder’s noncontrolling interest is accounted for at the carrying value of the surrendered limited partnership interest. Revenue Recognition. Rental Revenues. 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 revenues 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 Revenues. Strategic capital revenues include 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, development, construction, financing, legal and tax services provided. We may also earn incentive returns (called “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 . The fees we earn to develop properties within these ventures are reflected in on a percentage of completion basis. We also earned fees from ventures that we consolidate. Upon consolidation these fees were eliminated from our earnings and the third party share of these fees were recognized as a reduction of Net Earnings Attributable to Noncontrolling Interests. 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 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 generally 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, which include properties we consolidate and those 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 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 U.S., 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 |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2016 | |
Business Combinations [Abstract] | |
Business Combinations | NOTE 3. BUSINESS COMBINATIONS KTR Capital Partners and Its Affiliates On May 29, 2015, we acquired the high quality real estate assets and operating platform with high profile customers and comparable market composition to ours from KTR Capital Partners and its affiliates (“KTR”). The portfolio consisted of 315 operating properties, aggregating 59.0 million square feet, 3.6 million square feet of properties under development and land parcels that will support an estimated build out of 6.8 million square feet. The properties were acquired by our consolidated co-investment venture Prologis U.S. Logistics Venture (“USLV”), of which we own 55%. The transaction was funded through cash (which included the contribution of $2.3 billion from our venture partner and the proceeds from the issuance of debt, as detailed in Note 9), the assumption of secured mortgage debt and the issuance of 4.5 million common limited partnership units in the Operating Partnership. We incurred $24.7 million of acquisition costs that are included in Other Expenses The allocation of the purchase price required a significant amount of judgment and was based on our valuations, estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed. The adjustments finalizing the purchase price allocation during the measurement period were not considered to be material to our financial position or results of operations. The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 5,441,384 Intangible assets, net of intangible liabilities 332,708 Accounts receivable and other assets 8,062 Debt, including premium (735,172 ) Accounts payable, accrued expenses and other liabilities (56,313 ) Total estimated purchase price 4,990,669 Our venture partner’s share of purchase price (2,253,234 ) Common limited partnership units issued in the Operating Partnership (181,170 ) Prologis share of cash purchase price $ 2,556,265 The following unaudited pro forma financial information presents our results as though the KTR transaction had been completed on January 1, 2014. The pro forma information does not reflect the actual results of operations had the transaction actually been completed on January 1, 2014, and it is not indicative of future operating results. The results for the year ended December 31, 2015, include approximately seven months of actual results for the transaction, the acquisition expenses, and five months of pro forma adjustments. Actual results in 2015 include rental revenues and rental expenses of the properties acquired of $235.7 million and $56.9 million, respectively, representing the period from acquisition through December 31, 2015. The following amounts are in thousands, except per share amounts: 2015 2014 Total revenues $ 2,358,643 $ 2,064,724 Net earnings attributable to common stockholders $ 866,753 $ 537,861 Net earnings per share attributable to common stockholders – Basic $ 1.66 $ 1.08 Net earnings per share attributable to common stockholders – Diluted $ 1.65 $ 1.07 These results include certain adjustments, primarily: (i) decreased revenues from the amortization of the net assets from the acquired leases with net favorable rents relative to estimated market rents; (ii) increased depreciation and amortization expense resulting from the adjustment of real estate assets to estimated fair value and recognition of intangible assets related to in-place leases; and (iii) additional interest expense attributable to the debt issued to finance our cash portion of the acquisition offset by lower interest expense due to the accretion of the fair value adjustment of debt. 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 of equity units 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 at that date and 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 The total purchase price was $1.1 billion, which included our investment in NAIF at the time of consolidation. The adjustments finalizing the purchase price allocation during the measurement period were not considered to be material to our financial position or results of operations. The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 2,658,252 Intangible assets, net of intangible liabilities 138,185 Cash 87,780 Accounts receivable and other assets 5,664 Debt, including premium (1,195,213 ) Accounts payable, accrued expenses and other liabilities (57,655 ) Noncontrolling interests (554,493 ) Total purchase price $ 1,082,520 Actual results in 2014 included rental revenues 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. |
Real Estate
Real Estate | 12 Months Ended |
Dec. 31, 2016 | |
Real Estate [Abstract] | |
Real Estate | NOTE 4. REAL ESTATE Investments in real estate properties consisted of the following at December 31 (dollars and square feet in thousands): Square Feet Number of Buildings 2016 2015 2016 2015 2016 2015 Operating properties: Buildings and improvements 331,210 333,830 1,776 1,872 $ 17,905,914 $ 17,861,693 Improved land 6,037,543 5,874,052 Development portfolio, including land costs: Prestabilized 8,256 12,598 29 28 798,233 918,099 Properties under development 19,539 19,630 60 63 633,849 954,804 Land (1) 1,218,904 1,359,794 Other real estate investments (2) 524,887 552,926 Total investments in real estate properties 27,119,330 27,521,368 Less accumulated depreciation 3,758,372 3,274,284 Net investments in real estate properties $ 23,360,958 $ 24,247,084 (1) Included in our investments in real estate at December 31, 2016, and 2015 were 5,892 and 7,404 acres of land, respectively. (2) Included in other real estate investments are: (i) non-logistics real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) infrastructure costs related to projects we are developing on behalf of others; (v) costs related to future development projects, including purchase options on land; and (vi) earnest money deposits associated with potential acquisitions. At December 31, 2016, we owned real estate assets in the U.S. and other Americas (Canada and Mexico), Europe (Austria, Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Slovakia, Spain, Sweden and the United Kingdom (“U.K.”)) and Asia (China, Japan and Singapore). Acquisitions The following table summarizes our acquisitions of properties from third parties for the years ended December 31 (dollars and square feet in thousands): 2016 2015 2014 Number of operating properties 9 52 8 Square feet 1,823 7,375 1,004 Real estate acquisition value (1) $ 411,706 $ 1,042,562 $ 548,201 (1) Value includes the acquisition of 776, 690, and 1,040 acres of land in 2016, 2015 and 2014, respectively. The table above does not include the properties acquired in the KTR transaction, as this transaction is explained in Note 3. Dispositions The following table summarizes our real estate disposition activity for the years ended December 31 (dollars and square feet in thousands): 2016 2015 2014 Contributions to unconsolidated co-investment ventures Number of properties 35 31 126 Square feet 11,624 8,355 25,247 Net proceeds (1) $ 1,231,878 $ 835,385 $ 1,825,311 Net gains on contributions (1) $ 267,441 $ 148,987 $ 188,268 Dispositions to third parties Number of properties 172 136 145 Square feet 20,360 23,024 19,856 Net proceeds (1) $ 1,760,048 $ 2,352,645 $ 1,365,318 Net gains on dispositions (1) $ 353,668 $ 609,900 $ 336,203 Total net gains on contributions and dispositions $ 621,109 $ 758,887 $ 524,471 Gains on redemptions of investments in co-investment ventures (2) 136,289 - - Gains on revaluation of equity investments upon acquisition of a controlling interest, net (3) - - 201,319 Total gains on dispositions of investments in real estate, net $ 757,398 $ 758,887 $ 725,790 (1) Includes the disposition of land parcels. (2) See Note 5 for more information on these transactions. (3) See Note 3 for more information on this transaction. In 2014, we launched the initial public offering of FIBRA Prologis, a Mexican REIT. In connection with the offering, FIBRA Prologis purchased 177 properties aggregating 29.7 million square feet (12.6 million square feet related to our wholly owned portfolio, 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). Also in 2014, AFORES contributed its remaining operating properties and the balance of its secured debt to FIBRA Prologis. The difference between the amount received and the noncontrolling interests balance related to the properties contributed was $34.6 million, and was adjusted through equity with no gain or loss recognized. On the basis of 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. Operating Lease Agreements We lease our operating properties and certain land parcels to customers under agreements that are generally classified as operating leases. Our weighted average lease term remaining, based on square feet for all leases in effect at December 31, 2016, was four years. The following table summarizes our minimum lease payments on leases with lease periods greater than one year for space in our operating properties, pre-stabilized development properties and leases of land subject to ground leases at December 31, 2016 (in thousands): 2017 $ 1,633,990 2018 1,488,049 2019 1,239,683 2020 1,038,305 2021 809,961 Thereafter 2,391,452 Total $ 8,601,440 These amounts do not reflect future rental revenues from the renewal or replacement of existing leases and exclude reimbursements of operating expenses. 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 73 years. The following table summarizes our future minimum rental payments under non-cancelable operating leases in effect at December 31, 2016 (in thousands): 2017 $ 30,976 2018 32,035 2019 29,520 2020 28,379 2021 24,480 Thereafter 332,835 Total $ 478,225 |
Unconsolidated Entities
Unconsolidated Entities | 12 Months Ended |
Dec. 31, 2016 | |
Equity Method Investments And Joint Ventures [Abstract] | |
Unconsolidated Entities | NOTE 5. UNCONSOLIDATED ENTITIES 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 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 using the equity method. We refer to our investments in all entities accounted for using the equity method, both unconsolidated co-investment ventures and other ventures, collectively, as unconsolidated entities. The following table summarizes our investments in and advances to our unconsolidated entities at December 31 (in thousands): 2016 2015 Unconsolidated co-investment ventures $ 4,057,524 $ 4,585,427 Other ventures 172,905 170,193 Totals $ 4,230,429 $ 4,755,620 Unconsolidated Co-Investment Ventures The following table summarizes our investments in the individual co-investment ventures at December 31 (dollars in thousands): Ownership Percentage Investment in and Advances to Co-Investment Venture 2016 2015 2016 2015 Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”) (1) 14.9 % 22.5 % $ 434,818 $ 689,408 FIBRA Prologis (2) (3) 45.9 % 45.9 % 547,744 569,800 Prologis Brazil Logistics Partners Fund I, L.P. (“Brazil Fund”) and related joint ventures (4) various various 297,300 216,668 Europe Logistics Venture 1, FCP-FIS (“ELV”) (5) (6) 15.0 % 15.0 % 48,289 53,960 Prologis European Logistics Partners Sàrl (“PELP”) (5) 50.0 % 50.0 % 1,623,707 1,762,291 Prologis European Properties Fund II, FCP-FIS (“PEPF II”) 31.2 % 31.3 % 344,200 410,984 Prologis Targeted Europe Logistics Fund, FCP-FIS (“PTELF”) (1) (6) 23.5 % 41.6 % 310,118 480,401 Nippon Prologis REIT, Inc. (“NPR”) (7) (8) 15.1 % 15.1 % 348,570 300,822 Prologis China Logistics Venture I, LP and II, LP (Prologis China Logistics Venture) (5) 15.0 % 15.0 % 102,778 101,093 Totals $ 4,057,524 $ 4,585,427 (1) During 2016, we redeemed a portion of our investment in PTELF and USLF for €275.0 million ($311.1 million) and $300.0 million, respectively, and recorded a gain of $136.3 million, which is included in Gains on the Dispositions of Investments in Real Estate and Revaluation of Equity Investments Upon Acquisition of a Controlling Interest, Net Return of Investment from Unconsolidated Entities (2) At December 31, 2016, we owned 291.1 million units of FIBRA Prologis that had a closing price of Ps 29.69 ($1.44) 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% to 50%. (5) We have one partner in each of these co-investment ventures. (6) In January 2017, we sold our investment in ELV to our fund partner and ELV contributed its properties to PTELF in exchange for equity interests. ( 7 ) At December 31, 2016, we owned 0.3 million units of NPR that Other Liabilities ( 8 ) For any properties we develop and plan to sell in Japan, we have committed to offer those properties to NPR. The amounts recognized in Strategic Capital Revenues Earnings from Unconsolidated Entities, Net Strategic Capital Expenses The following table summarizes the amounts we recognized in the Consolidated Statements of Income related to the unconsolidated co-investment ventures for the years ended December 31 (in thousands): 2016 2015 2014 Strategic capital revenues and other revenues: U.S. $ 37,911 $ 36,964 $ 81,351 Other Americas 22,777 22,516 13,003 Europe 184,956 112,675 86,487 Asia 46,521 35,453 37,509 Total strategic capital revenues 292,165 207,608 218,350 Development management and other revenues 11,006 7,467 5,424 Total strategic capital revenues and other revenues $ 303,171 $ 215,075 $ 223,774 Earnings from unconsolidated co-investment ventures, net: U.S. $ 10,441 $ 7,124 $ 16,420 Other Americas 27,155 28,842 (7,824 ) Europe 137,652 106,656 108,430 Asia 16,629 12,780 14,022 Total earnings from unconsolidated co-investment ventures, net $ 191,877 $ 155,402 $ 131,048 The following table summarizes the promotes earned and recognized in Strategic Capital Revenues 2016 2015 2014 Strategic capital – promote revenues Total promote (1) $ 99,766 $ 56,637 $ 42,132 Less: Prologis’ share 11,222 27,175 10,852 Net promote recognized (third-party share) in strategic capital revenues $ 88,544 $ 29,462 $ 31,280 (1) We earned promotes from PTELF and PEPF II in 2016, PELP and ELV in 2015 and USLF in 2014, each based on the venture’s cumulative returns to the investors over the last three years. Approximately 40% of promote revenues are paid as a combination of cash and stock awards pursuant to the terms of the Prologis Promote Plan and expensed through Strategic Capital Expenses The following tables summarize the operating information and financial position of our unconsolidated co-investment ventures (not our proportionate share), at December 31 and for the years ended December 31 as presented at our adjusted basis derived from the ventures’ GAAP information: (dollars and square feet in millions) 2016 2015 2014 U.S.: Number of ventures 1 1 1 Number of properties owned 369 391 392 Square feet 50 50 50 Total assets $ 4,238 $ 4,408 $ 4,403 Third-party debt $ 1,414 $ 1,433 $ 1,594 Total liabilities $ 1,540 $ 1,550 $ 1,697 Our investment balance (1) $ 435 $ 690 $ 712 Our weighted average ownership (2) 14.9 % 22.5 % 24.3 % Other Americas: Number of ventures 2 2 2 Number of properties owned 213 205 198 Square feet 42 39 37 Total assets $ 2,793 $ 2,482 $ 2,653 Third-party debt $ 739 $ 657 $ 679 Total liabilities $ 814 $ 708 $ 717 Our investment balance (1) $ 845 $ 786 $ 825 Our weighted average ownership (2) 43.9 % 43.8 % 42.9 % Europe: Number of ventures 4 4 4 Number of properties owned 700 688 636 Square feet 163 159 148 Total assets $ 10,853 $ 11,343 $ 11,440 Third-party debt $ 2,446 $ 2,640 $ 2,621 Total liabilities $ 3,283 $ 3,584 $ 3,501 Our investment balance (1) $ 2,327 $ 2,707 $ 2,773 Our weighted average ownership (2) 35.1 % 38.9 % 38.8 % Asia: Number of ventures 2 2 2 Number of properties owned 85 66 52 Square feet 36 29 26 Total assets $ 5,173 $ 4,320 $ 4,120 Third-party debt $ 1,947 $ 1,520 $ 1,637 Total liabilities $ 2,239 $ 1,751 $ 1,734 Our investment balance (1) $ 451 $ 402 $ 356 Our weighted average ownership (2) 15.1 % 15.0 % 15.0 % Totals: Number of ventures 9 9 9 Number of properties owned 1,367 1,350 1,278 Square feet 291 277 261 Total assets $ 23,057 $ 22,553 $ 22,616 Third-party debt $ 6,546 $ 6,250 $ 6,531 Total liabilities $ 7,876 $ 7,593 $ 7,649 Our investment balance (1) $ 4,058 $ 4,585 $ 4,666 Our weighted average ownership (2) 27.9 % 31.6 % 32.0 % (in millions) 2016 2015 2014 (3) Revenues: U.S. $ 395 $ 382 $ 541 Other Americas 242 228 170 Europe 964 947 1,001 Asia: 342 275 280 Total revenues $ 1,943 $ 1,832 $ 1,992 Net earnings: U.S. $ 57 $ 35 $ 55 Other Americas 71 78 (1 ) Europe 333 261 268 Asia 101 77 86 Total net earnings $ 562 $ 451 $ 408 (1) The difference between our ownership interest of a venture’s equity and our investment balance at December 31, 2016, 2015 and 2014, results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($469.9 million, $430.7 million and $322.9 million, respectively); (ii) recording additional costs associated with our investment in the venture ($124.1 million, $122.1 million and $117.5 million respectively); and (iii) advances to a venture ($166.1 million, $189.7 million and $125.7 million, respectively). (2) Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. (3 ) We had significant activity with our U.S. and Other Americas unconsolidated co-investment ventures in 2014 as explained in Notes 3 and 4. We began consolidating NAIF in 2014. We formed and invested in FIBRA Prologis in 2014 and in connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. 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 or additional cash investments in these ventures through the remaining commitment period. The following table summarizes the remaining equity commitments at December 31, 2016 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 180 $ 180 2017 Prologis Targeted Europe Logistics Fund (1) - 243 243 2017 Prologis China Logistics Venture 294 1,665 1,959 2017 Total $ 294 $ 2,088 $ 2,382 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.05 U.S. dollars to the euro. |
Assets Held for Sale or Contrib
Assets Held for Sale or Contribution | 12 Months Ended |
Dec. 31, 2016 | |
Real Estate Assets Held For Development And Sale [Abstract] | |
Assets Held for Sale or Contribution | NOTE 6. ASSETS HELD FOR SALE OR CONTRIBUTION We have investments in certain real estate properties that met the criteria to be classified as held for sale or contribution at December 31, 2016 and 2015. These properties are expected to be sold to third parties or contributed to unconsolidated co-investment ventures within twelve months. The amounts included in Assets Held for Sale or Contribution Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): 2016 2015 Number of operating properties 13 17 Square feet 4,167 5,065 Total assets held for sale or contribution $ 322,139 $ 378,423 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 4,984 $ 6,874 |
Notes Receivable Backed by Real
Notes Receivable Backed by Real Estate | 12 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Notes Receivable Backed by Real Estate | NOTE 7. NOTES RECEIVABLE BACKED BY REAL ESTATE The following table summarizes information about our notes receivable backed by real estate (dollars in thousands): Balance Outstanding Interest Rates Maturity Dates Balance at January 1, 2016 $ 235,050 2.0% – 10.0% February 2016 – April 2017 Additions - Repayments (202,950 ) Balance at December 31, 2016 $ 32,100 5.8% – 10.0% April 2017 – December 2017 |
Other Assets and Other Liabilit
Other Assets and Other Liabilities | 12 Months Ended |
Dec. 31, 2016 | |
Text Block [Abstract] | |
Other Assets and Other Liabilities | NOTE 8. OTHER ASSETS AND OTHER LIABILITIES The following table summarizes our other assets, net of amortization and depreciation, if applicable, at December 31 (in thousands): 2016 2015 Leasing commissions $ 286,821 $ 229,645 Rent leveling 285,824 226,239 Acquired lease intangibles 267,907 433,949 Prepaid assets 120,361 107,000 Accounts receivable 110,918 89,611 Fixed assets 102,830 94,178 Value added taxes receivable 94,713 86,115 Derivative assets 47,114 53,579 Management contracts 41,993 46,293 Other notes receivable 35,824 41,262 Deferred income taxes 14,052 14,650 Other 88,633 91,989 Totals $ 1,496,990 $ 1,514,510 The following table summarizes our other liabilities, net of amortization, if applicable, at December 31 (in thousands): 2016 2015 Tenant security deposits $ 206,301 $ 190,160 Unearned rents 90,233 77,730 Income tax liabilities 68,666 81,125 Acquired lease intangibles 31,707 55,976 Environmental liabilities 24,572 21,484 Deferred income 21,629 29,197 Value added taxes payable 15,888 10,272 Derivative liabilities 1,268 13,729 Other 167,055 154,702 Totals $ 627,319 $ 634,375 The following table summarizes the expected future amortization of leasing commissions and foregone rent into amortization expense and above and below market leases and rent leveling net assets into rental revenues, all based on the balances at December 31, 2016 (in thousands): Amortization Expense Net (Increase) Decrease to Rental Revenues 2017 $ 135,263 $ (24,939 ) 2018 98,435 25,795 2019 76,315 40,306 2020 59,969 46,465 2021 44,137 41,831 Thereafter 106,325 158,943 Totals $ 520,444 $ 288,401 |
Debt
Debt | 12 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Debt | NOTE 9. DEBT All debt is incurred by the Operating Partnership. The Parent does not have any indebtedness, but guarantees the unsecured debt of the Operating Partnership. The following table summarizes our debt at December 31 (dollars in thousands): 2016 2015 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding Credit facilities 1.0 % $ 35,023 - $ - Senior notes (3) 3.3 % 6,417,492 3.3 % 6,516,392 Term loans 1.4 % 1,484,523 2.1 % 2,100,009 Unsecured other (4) 6.1 % 14,478 6.2 % 15,448 Secured mortgages (5) 4.9 % 979,585 5.1 % 1,172,473 Secured mortgages of consolidated entities (6) 3.0 % 1,677,193 2.9 % 1,822,509 Totals 3.2 % $ 10,608,294 3.2 % $ 11,626,831 (1) The interest rates presented represent the effective interest rates (including amortization of debt issuance costs and the noncash premiums or discounts) at the end of the period for the debt outstanding. (2) Included in the outstanding balances are borrowings denominated in non-U.S. dollars, principally: euro ($3.3 billion), Japanese yen ($1.3 billion), Canadian dollars ($0.4 billion) and British pound sterling ($0.2 billion). (3) Notes are due January 2018 to June 2026 with effective interest rates ranging from 1.5% to 7.6% at December 31, 2016. (4) The balance at December 31, 2016, represents primarily assessment bonds that are due November 2019 to September 2033 with effective interest rates ranging from 4.5% to 7.9%. 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 $737.4 million at December 31, 2016. (5) Debt is due May 2018 to December 2025 with effective interest rates ranging from 0.4% to 7.8% at December 31, 2016. The debt is secured by 145 real estate properties with an aggregate undepreciated cost of $2.4 billion at December 31, 2016. (6) Debt is due July 2017 to December 2027 with effective interest rates ranging from 2.4% to 5.3% at December 31, 2016. The debt is secured by 208 real estate properties with an aggregate undepreciated cost of $3.0 billion at December 31, 2016. Credit Facilities We have a global senior credit facility (the “Global Facility”), under which we may draw in British pounds sterling, Canadian dollars, euro, Japanese yen and U.S. dollars on a revolving basis. In 2016, we renewed and amended the Global Facility to increase our availability from $2.3 billion to $3.0 billion (subject to currency fluctuations). We have the ability to increase the Global Facility to $3.8 billion, subject to currency fluctuations and obtaining additional lender commitments. Pricing under the Global Facility, including the spread over LIBOR, facility fees and letter of credit fees, varies based on the public debt ratings of the Operating Partnership. The Global Facility is scheduled to mature in April 2020; however, we may extend the maturity date for six months on two occasions, subject to the satisfaction of certain conditions and payment of extension fees. We also have a ¥45 billion ($384.4 million at December 31, 2016) Japanese yen revolver (the “Revolver”) with availability to increase to ¥56.5 billion ($482.6 million at December 31, 2016), subject to obtaining additional lender commitments. Pricing under the Revolver, including the spread over LIBOR, facility fees and letter of credit fees, varies based on the public debt ratings of the Operating Partnership. The Revolver is scheduled to mature in May 2018. We refer to the Global Facility and the Revolver, collectively, as our “Credit Facilities.” The following table summarizes information about our Credit Facilities (dollars in millions): 2016 2015 2014 For the years ended December 31: Weighted average daily interest rate 1.4 % 1.1 % 1.1 % Weighted average daily borrowings $ 128 $ 261 $ 182 Maximum borrowings outstanding at any month-end $ 307 $ 942 $ 742 At December 31: Aggregate lender – commitments $ 3,306 $ 2,662 $ 2,742 Less: Borrowings outstanding 35 - - Outstanding letters of credit 36 32 35 Current availability $ 3,235 $ 2,630 $ 2,707 Senior Notes The senior notes are unsecured and our obligations 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 repurchase and other terms are governed by the provisions of indenture agreements, various note purchase agreements or trust deeds. During the years ended December 31 we issued the following senior notes (dollars and euros in thousands): Principal Amount Stated Interest Rate Effective Interest Rate Maturity Date 2015 May 2015 (1) € 700,000 $ 785,470 1.4% 1.5% May 2021 October 2015 $ 750,000 3.8% 4.0% November 2025 2014 February 2014 (1) € 700,000 $ 959,420 3.4% 3.5% February 2024 June 2014 (1) € 500,000 $ 680,550 3.0% 3.1% June 2026 October 2014 (1) € 600,000 $ 756,420 1.4% 1.4% October 2020 (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. Term Loans The following table summarizes our outstanding term loans at December 31 (dollars and borrowing currency in thousands): Term Loan Borrowing Currency Initial Borrowing Date Lender Commitment at 2016 Amount Outstanding at 2016 Amount Outstanding at 2015 Interest Rate Maturity Date Borrowing Currency USD USD USD 2014 Yen Term Loan (1) JPY May 2014 $ - $ 339,858 LIBOR plus 1.20% Euro Term Loan (2) USD, EUR, JPY and GBP June 2014 € 500,000 $ 525,000 193,293 561,879 LIBOR plus 0.98% June 2017 Senior Term Loan (3) USD May 2015 - 400,000 LIBOR plus 1.00% 2015 Yen Term Loan (1) JPY June 2015 - 539,906 LIBOR plus 1.10% 2015 Canadian Term Loan CAD December 2015 $ 371,925 $ 276,322 276,322 267,872 CDOR rate plus 1.50% February 2023 Yen Term Loan (1) JPY August 2016 ¥ 120,000,000 $ 1,025,057 1,025,057 - Yen LIBOR plus 0.65% August 2022 and 2023 Subtotal 1,494,672 2,109,515 Debt issuance costs, net (10,149 ) (9,506 ) Totals $ 1,484,523 $ 2,100,009 (1) In March 2016, we entered into an unsecured senior term loan agreement under which we could draw in Japanese yen and borrowed ¥11.2 billion ($99.5 million). In August 2016, we entered into a separate unsecured senior term loan agreement (the “Yen Term Loan”) under which we can draw in Japanese yen, of which ¥50.0 billion ($427.1 million at December 31, 2016) matures in August 2022 and ¥70.0 billion ($597.9 million at December 31, 2016) matures in August 2023. We may increase the borrowings up to ¥200.0 billion ($1.7 billion at December 31, 2016), subject to obtaining additional lender commitments. In the third quarter of 2016, we borrowed on the Yen Term Loan ($1.2 billion) and used the proceeds to repay and cancel the previous outstanding Japanese yen term loans entered into in 2014 and 2015 and 2016. The Yen Term Loan was fully drawn at December 31, 2016. (2) We may increase the borrowings up to €1.0 billion ($1.1 billion at December 31, 2016), subject to obtaining additional lender commitments. We may pay down and reborrow on this term loan. We may extend the maturity date twice, by one year each, subject to the satisfaction of certain conditions and payment of an extension fee. (3) We entered into the Senior Term Loan in connection with the KTR transaction and initially borrowed $1.0 billion. During 2016, we paid down the remaining balance and cancelled Senior Term Loan. Secured Mortgage Debt During 2016, we issued secured mortgage debt totaling $152.6 million. The debt has a stated interest rate of 3.3% (an effective interest rate of 3.5%) and matures in January 2022. TMK bonds are a financing vehicle in Japan for special purposes companies known as TMKs. In 2016, we issued ¥25.7 billion ($244.6 million) of new TMK bonds and paid off or transferred substantially all of our outstanding TMK bonds leaving one TMK bond outstanding for ¥20.0 billion ($170.8 million at December 31, 2016). During 2015, we issued new TMK bonds totaling ¥23.0 billion ($191.0 million). Debt Covenants We have approximately $6.5 billion of senior notes and $1.5 billion of term loans outstanding at December 31, 2016, 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, 2016, 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, 2026, and thereafter were as follows at December 31, 2016 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Debt Total 2017 (1) (2) $ - $ - $ 194,150 $ 428,196 $ 622,346 2018 35,023 175,000 961 570,291 781,275 2019 - 618,294 1,084 446,360 1,065,738 2020 - 831,071 1,190 428,725 1,260,986 2021 - 1,237,871 1,012 141,548 1,380,431 2022 - 737,870 427,886 163,172 1,328,928 2023 - 850,000 874,916 174,624 1,899,540 2024 - 737,870 911 133,308 872,089 2025 - 750,000 976 134,727 885,703 2026 - 527,050 696 1,223 528,969 Thereafter - - 5,368 1,161 6,529 Subtotal 35,023 6,465,026 1,509,150 2,623,335 10,632,534 Premiums (discounts), net - (19,573 ) - 43,286 23,713 Debt issuance costs, net - (27,961 ) (10,149 ) (9,843 ) (47,953 ) Totals $ 35,023 $ 6,417,492 $ 1,499,001 $ 2,656,778 $ 10,608,294 (1) We expect to repay the amounts maturing in 2017 with cash generated from operations, proceeds from dispositions of wholly owned real estate properties, or as necessary, with borrowings on our Credit Facilities. (2) Included in 2017 maturities is the Euro Term Loan that can be extended until 2019. Interest Expense The following table summarizes the components of interest expense for the years ended December 31 (in thousands): 2016 2015 2014 Gross interest expense $ 383,098 $ 394,012 $ 377,666 Amortization of premium, net (30,596 ) (45,253 ) (21,440 ) Amortization of debt issuance costs 15,459 13,412 14,116 Interest expense before capitalization $ 367,961 $ 362,171 $ 370,342 Capitalized amounts (64,815 ) (60,808 ) (61,457 ) Net interest expense $ 303,146 $ 301,363 $ 308,885 Total cash paid for interest, net of amounts capitalized $ 322,442 $ 345,916 $ 258,441 Early Extinguishment of Debt In 2014 and 2015, we repurchased or repaid certain debt before the maturity date in an effort to reduce our borrowing costs and extend our debt maturities. As a result, we recognize gains or losses represented by the difference between the recorded debt (including premiums and discounts and related debt issuance costs) and the consideration we paid to retire the debt, including fees. The following table summarizes the activity related to the repurchase of debt and net loss on early extinguishment of debt for the years ending December 31 (in millions): 2015 2014 Senior notes: Original principal amount $ 709.7 $ 1,290.4 Cash purchase price $ 789.0 $ 1,460.3 Term loans: Original principal amount $ 600.0 $ - Cash repayment price $ 600.0 $ - Secured mortgage debt: Original principal amount $ 571.5 $ 528.0 Cash repayment price $ 595.5 $ 531.2 Total: Original principal amount $ 1,881.2 $ 1,818.4 Cash purchase / repayment price $ 1,984.5 $ 1,991.5 Losses on early extinguishment of debt $ 86.3 $ 165.3 During 2016, we repaid certain debt at the earliest available payment date with no prepayment costs. As a result, we recorded a gain of $2.5 million, which related to premiums associated with the extinguished debt, net of remaining debt issuance costs. Exchangeable Senior Notes We had exchangeable senior notes that were issued by the Operating Partnership and were 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. During the reporting periods, any adjustments to the fair value of the derivative were recorded in earnings as Foreign Currency and Derivative Gains (Losses), Net The fair value of the exchange option was $43.0 million immediately before the exchange in March 2015. When the debt was exchanged into common stock, the value of the derivative associated with the debt was reclassified to Additional Paid-In Capital |
Stockholders' Equity of Prologi
Stockholders' Equity of Prologis, Inc. | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Stockholders' Equity of Prologis, Inc. | NOTE 10. STOCKHOLDERS’ EQUITY OF PROLOGIS, INC. Shares Authorized At December 31, 2016, 1.1 billion shares were authorized to be issued by the Parent, of which 1.0 billion shares represent common stock. Our board of directors (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 We issued 1.7 million and 3.3 million shares of common stock under our at-the-market program during 2015 and 2014, respectively, which generated $71.5 million and $140.1 million in net proceeds, respectively. We have an equity distribution agreement that allows us to sell up to $750.0 million aggregate gross sales proceeds of shares of common stock, of which $535.2 million remains available for sale, 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. 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. See Note 13 for additional information on this plan. We received gross proceeds for the issuance of common stock upon the exercise of stock options of $39.5 million, $18.2 million and $25.8 million, for the years ended December 31, 2016, 2015 and 2014, respectfully. See Note 13 for additional information on this plan. Preferred Stock At December 31, 2016, and 2015 our Series Q preferred stock outstanding had a dividend rate of 8.54%, and 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 on liquidation preference. The dividends are payable quarterly in arrears on the last day of each quarter. Dividends are payable when, and if, they have been declared by the Board, out of funds legally available for the payment of dividends. 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 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. Furthermore, 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 people 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. Dividends 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, 2016, has not been filed. The taxability information presented for our dividends paid in 2016 is based on 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 14. Consequently, the taxability of dividends is subject to change. In 2016, 2015 and 2014, 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: 2016 (1) 2015 2014 Common Stock: Ordinary income $ 0.60 $ 0.36 $ 0.29 Qualified dividend 0.15 0.08 0.41 Capital gains 0.93 1.08 0.62 Total distribution $ 1.68 $ 1.52 $ 1.32 Preferred Stock – Series Q: Ordinary income $ 2.02 $ 0.77 $ 0.71 Qualified dividend 0.29 0.62 1.01 Capital gains 1.96 2.88 2.55 Total dividend $ 4.27 $ 4.27 $ 4.27 (1) Taxability for 2016 is estimated. 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,
Partners' Capital of Prologis, L.P. | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Partners' Capital of Prologis, L.P. | NOTE 11. PARTNERS’ CAPITAL OF PROLOGIS, L.P. Distributions paid to the common limited partnership units and the taxability of those distributions are similar to the Parent’s common stock disclosed above. In May 2015, we issued 4.5 million common limited partnership units in the Operating Partnership in connection with the KTR transaction. See Note 3 for more details on the transaction. In connection with the acquisition of a portfolio of properties in October 2015, we issued 0.2 million common limited partnership units and 8.9 million Class A Units. The number of units issued was based upon an agreed upon price and had a per unit weighted average fair value at the date of issuance of $41.06. The Class A Units generally have the same rights as the existing common units of the Operating Partnership, except that the Class A Units are entitled to a quarterly distribution equal to $0.64665 per unit so long as the common units receive a quarterly distribution of at least $0.40 per unit (in the event the common units receive a quarterly distribution of less than $0.40 per unit, the Class A Unit distribution would be reduced by a proportionate amount). Class A Units are convertible into common units at an initial conversion rate of one-for-one. The conversion rate will be increased or decreased to the extent that, at the time of conversion, the net present value of the distributions paid with respect to the Class A Units are less or more than the distributions paid on common units from the time of issuance of the Class A Units until the time of conversion. At December 31, 2016, the Class A Units were convertible into 8.7 million common units. The Operating Partnership may redeem the Class A Units at any time after October 7, 2025, for an amount in cash equal to the then-current number of the common units into which the Class A Units are convertible, multiplied by $43.11, subject to the holders’ right to convert the Class A Units into common units. Distributions paid on the common units and Class A Units, and the taxability of those distributions, are similar to dividends paid on the Parent’s common stock disclosed above. |
Noncontrolling Interests
Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2016 | |
Noncontrolling Interest [Abstract] | |
Noncontrolling Interests | NOTE 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 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 redeemable for cash or, at our option into shares of the Parent’s common stock, generally at a rate of one share of common stock to one unit. We also consolidate several entities in which we do not own 100% of the equity and the units of these entities are not exchangeable into our common stock. As discussed in Note 1, the Parent has complete responsibility, power and discretion in the day-to-day management of the Operating Partnership. The Parent, through its majority interest, has the right to receive benefits from and incur losses of the Operating Partnership. In addition, the Operating Partnership does not have either substantive liquidation rights or substantive kick-out rights without cause or substantive participating rights that could be exercised by a simple majority of noncontrolling interests. The absence of such rights renders the Operating Partnership as a VIE. Accordingly, the Parent is the primary beneficiary of and consolidates the Operating Partnership. Prologis, Inc. The noncontrolling interests of the Parent include 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. The following table summarizes our ownership percentages and noncontrolling interests and the consolidated entities’ total assets and total liabilities at December 31 (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities 2016 2015 2016 2015 2016 2015 2016 2015 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 2,424,800 $ 2,677,642 $ 6,201,278 $ 6,788,968 $ 797,593 $ 847,084 Prologis North American Industrial Fund (1) 66.1 % 66.1 % 486,648 490,444 2,479,072 2,619,241 1,038,708 1,165,617 Prologis Brazil Logistics Partners Fund I (1) (2) 50.0 % 50.0 % 61,836 49,313 131,581 100,836 720 192 Other consolidated entities (3) various various 99,185 102,828 866,821 985,188 34,073 42,811 Prologis, L.P. noncontrolling interests 3,072,469 3,320,227 9,678,752 10,494,233 1,871,094 2,055,704 Limited partners in Prologis, L.P. (4) (5) 394,590 432,674 - - - - Prologis, Inc. noncontrolling interests $ 3,467,059 $ 3,752,901 $ 9,678,752 $ 10,494,233 $ 1,871,094 $ 2,055,704 (1 ) These ventures are considered VIE’s under the new consolidation guidance discussed in Note 2. Based on our evaluation, the noncontrolling interests in these ventures do not hold substantive participating or kick-out rights and therefore as a group they lack the power to direct the significant activities of these ventures that most significantly impact the venture’s economic performance. We have both the power to direct the significant activities and the obligation to absorb losses and the rights to receive benefits from these ventures. As a result, we are the primary beneficiary of both ventures and consistent with prior reporting periods, we consolidate each venture within our financial statements. (2 ) The assets of the Brazil Fund are primarily investments in unconsolidated entities of $113.1 million and $103.1 million at December 31, 2016 and 2015, respectively. For additional information on our unconsolidated investments, see Note 5. (3 ) This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At December 31, 2016 and 2015, limited partnership units were exchangeable into cash or, at our option, 1.8 million shares of the Parent’s common stock. In 2015, 52 thousand limited partnership units were redeemed for cash of $3.2 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. (4 ) We had 8.9 million of Class A Units that were convertible into 8.7 million and 8.8 million common limited partnership units of the Operating Partnership at December 31, 2016 and 2015, respectively. They were issued in the fourth quarter of 2015. See Note 11 for further discussion of our Class A Units. (5 ) At December 31, 2016 and 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 4.6 million and 6.4 million shares of the Parent’s common stock with a fair value of $241.8 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2015, we issued 4.7 million common limited partnership units in the Operating Partnership, principally in connection with the KTR transaction, and in 2016 unitholders exchanged 1.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $52.2 million. At December 31, 2016 and 2015, there were 2.2 million and 1.2 million LTIP Units (as defined in Note 13) outstanding, respectively, associated with our long-term compensation plan that are exchangeable into common units of the Operating Partnership and redeemable into the Parent’s common stock after they vest and other applicable conditions are met. 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. |
Long-Term Compensation
Long-Term Compensation | 12 Months Ended |
Dec. 31, 2016 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Long-Term Compensation | NOTE 13. LONG-TERM COMPENSATION 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”), Operating Partnership units (“LTIP Units”), special outperformance plan type of LTIP Units and cash incentive awards). 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 (or cash at the election of the Operating Partnership). No participant can be granted more than 1.5 million shares of common stock 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 have 27.2 million shares reserved for issuance, of which 19.4 million shares of common stock were available for future issuance at December 31, 2016. Each LTIP Unit counts as one share of common stock for purposes of calculating the limit on shares that may be issued. Prologis Outperformance Plan (“POP” formerly “OPP”) We allocate participation points to participants under our POP corresponding to three-year performance periods beginning January 1. The fair value of the awards are measured at the beginning of the performance period and amortized over the applicable performance period. POP awards are earned to the extent our total stockholder return (“TSR”) for the performance period exceeds the TSR for the Morgan Stanley Capital International (“MSCI”) US REIT Index for the same period plus 100 basis points (the “Index”). 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 eligible to receive a percentage of the total compensation pool based on the number of participation points allocated to the participant. If the performance criteria are met, the participants’ points will generally be paid in the form of common stock or POP LTIP Units (as discussed below). If the performance criteria are not met, the participants’ points will be forfeited. Awards earned cannot be paid to participants unless our absolute TSR, as defined in the plan, is positive for the performance period. If we outperform the Index, 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. The POP was amended in 2016. Starting with the 2016 – 2018 performance period, if the relevant performance thresholds are met, participants can earn POP awards for their share of an aggregate performance pool up to $75 million. If earned, these POP awards will be paid after the end of the initial three-year performance period. If our levels of outperformance warrant an aggregate performance pool greater than $75 million, then participants can earn their share of the additional award amount in excess of $75 million up to the Capitalization Cap (the “Excess Award Amount”) during the course of a three-year period after the end of the initial performance period. One-third of this Excess Award Amount can be earned at the end of each of the three years after the initial performance period, if our performance meets or exceeds the Index in each of such three years. POP continues to include certain positive TSR requirements, which must be met before participants can be paid awards under POP. In addition, participants will not be able to sell or transfer any equity they receive as initial or excess POP awards until three years after the end of the initial performance period. This amendment impacted the 2016 POP awards, but not the previously issued awards. We use a Monte Carlo valuation model to value the points allocated under the POP. Participants can elect to choose the form of payment of awards earned, if any, in common stock of the Parent or POP LTIP Units. If and as elected by the participant, POP participation points are exchanged for POP LTIP Units. If the performance criteria are not met, the POP LTIP Units will be forfeited. At December 31, 2016, all awards are equity classified. The following table details the assumptions using a Monte Carlo valuation model of each grant based on the year it was granted (dollars in thousands): 2016 2015 2014 Risk free interest rate 0.99 % 0.86 % 0.67 % Expected volatility 20.5 % 28.0 % 38.0 % Aggregate fair value $ 26,600 $ 26,500 $ 23,100 The performance criteria was met for the 2014 – 2016 performance period, which resulted in an aggregate performance pool of $62.2 million awarded in January 2017 in the form of either vested RSUs or POP LTIP Units. The performance criteria were not met for the 2012 – 2014 and 2013 – 2015 performance periods, therefore, no awards were earned and the awards were forfeited for such performance periods. As the POP has market-based performance criteria, there is no adjustment to the expense previously recognized at the completion of the performance period regardless of the outcome. Prologis Promote Plan (“PPP”) Under the PPP, we establish a compensation pool equal to 40% of the promotes earned by Prologis that represents the third-party portion of the promotes. The awards may be settled in some combination of cash, RSUs or for certain participants LTIP Units. The RSUs and LTIP Units have a three-year vesting period. The following table details the equity awards granted under the PPP for the year ended December 31 (in thousands): 2016 2015 2014 RSUs granted 77 - 57 Grant date fair value of RSUs granted $ 4,126 $ - $ 2,327 LTIP Units granted 197 - 113 Grant date fair value of LTIP Units granted $ 8,984 $ - $ 4,692 Restricted Stock Units (“RSUs”) In addition to the RSUs granted under the PPP, we grant RSUs to certain employees, generally on an annual basis. Each RSU represents the right to receive 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 over the service period, which is generally three years. The following table summarizes the activity for RSUs for the year ended December 31, 2016 (units in thousands): Number of RSUs Weighted Average Grant-Date Fair Value Number of RSUs Vested Balance at January 1, 2016 1,626 $ 42.21 109 Granted 843 38.53 Vested and distributed (807 ) 41.70 Forfeited (45 ) 41.08 Balance at December 31, 2016 1,617 $ 40.58 125 Total remaining compensation cost related to RSUs outstanding at December 31, 2016, was $31.4 million, prior to adjustments for capitalized amounts due to our development and leasing activities. The remaining compensation cost will be recognized through 2019, with a weighted average period of 1.4 years. Operating Partnership Long-Term Incentive Plan 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. The value of the distribution is charged to Net Income Attributable to Noncontrolling Interests The following table summarizes the activity for LTIP Units for the year ended December 31, 2016 (units in thousands): Number of LTIP Units Weighted Average Grant-Date Fair Value Number of LTIP Units Vested Balance at January 1, 2016 1,244 $ 42.21 303 Granted 975 39.01 Balance at December 31, 2016 2,219 $ 40.81 743 Total remaining compensation cost related to LTIP Units at December 31, 2016, was $38.6 million, prior to adjustments for capitalized amounts due to our development and leasing activities. The remaining compensation cost will be recognized through 2019, with a weighted average period of 1.4 years. Prologis Outperformance Plan Operating Partnership Long-Term Incentive Plan Units (“POP LTIP Units” formerly “OPP LTIP Units”) At December 31, 2016, we had 0.8 million, 1.4 million and 1.3 million POP LTIP Units outstanding for the 2016 – 2018, 2015 – 2017 and 2014 – 2016 performance periods, respectively. The following table summarizes the activity for the POP LTIP Units for the year ended December 31, 2016 (units in thousands): Number of POP LTIP Units Balance at January 1, 2016 3,464 Granted 953 Forfeited (927 ) Balance at December 31, 2016 3,490 Stock Options We have 2.1 million stock options outstanding and exercisable at December 31, 2016, with a weighted average exercise price of $36.14 and a weighted average life of 2.5 years. The aggregate intrinsic value of exercised options was $45.6 million, $13.7 million, and $5.8 million for the years ended December 31, 2016, 2015 and 2014, respectively. No stock options were granted in the three-year period ended December 31, 2016. Other Plans The Prologis 401(k) Plan (the “401(k) Plan”) provides for matching employer contributions of $0.50 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 $2.7 million, $2.5 million and $2.2 million for 2016, 2015 and 2014, 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, 2016. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 14. INCOME TAXES Components of Earnings Before Income Taxes The following table summarizes the components of earnings before income taxes for the years ended December 31 (in thousands): 2016 2015 2014 Domestic $ 719,018 $ 511,025 $ 390,874 International 628,086 437,580 322,754 Earnings before income taxes $ 1,347,104 $ 948,605 $ 713,628 Summary of Current and Deferred Income Taxes The following table summarizes the components of the provision for income taxes for the years ended December 31 (in thousands): 2016 2015 2014 Current income tax expense (benefit): U.S. federal $ 7,153 $ (11,633 ) $ (6,585 ) International 38,493 27,494 52,155 State and local 14,443 12,286 16,014 Total current tax expense 60,089 28,147 61,584 Deferred income tax expense (benefit): U.S. federal (3,306 ) (810 ) (27,374 ) International (2,219 ) (4,247 ) (59,866 ) Total deferred tax benefit (5,525 ) (5,057 ) (87,240 ) Total income tax expense (benefit) $ 54,564 $ 23,090 $ (25,656 ) Current Income Taxes Current income tax expense recognized during 2016 is principally due to tax triggered upon the contribution of assets to our Mexico and Japan co-investment ventures and third party sales from our U.S.TRS. Contributions to our co-investment ventures were not significant during 2015, as such there was a limited impact on current income tax expense. Current income tax expense during 2014 is principally due to taxes triggered upon the contribution of the initial portfolio of properties of certain wholly-owned and AFORES entities to FIBRA Prologis. Current income tax expense during 2015 and 2014 was netted against a current benefit recognized during each year as a result of the operating losses generated by our U.S. TRS. For the years ended December 31, 2016, 2015 and 2014, we recognized a net expense of $0.3 million and $3.0 million and a net benefit of $1.1 million for uncertain tax positions, respectively. During the years ended December 31, 2016, 2015 and 2014, cash paid for income taxes, net of refunds, was $29.3 million, $24.1 million and $105.4 million, respectively. Deferred Income Taxes The deferred income tax benefits recognized in 2016, 2015 and 2014 were primarily due to a reduction in book basis of the real estate as compared to the tax basis and the reversal of deferred tax liabilities from the contribution and dispositions of properties. The deferred tax liabilities were originally recorded at the time of acquisition. The majority of the deferred tax benefit we recognized in 2014 was due to the reversal of deferred tax liabilities in connection with the initial contribution of properties to FIBRA Prologis and due to the expiration of the holding period on properties previously acquired with existing built-in-gains. The following table summarizes the deferred income tax assets and liabilities at December 31 (in thousands): 2016 2015 Gross deferred income tax assets: Net operating loss carryforwards (1) $ 350,909 $ 321,144 Basis difference – real estate properties 56,827 89,856 Basis difference – equity investments and intangibles 4,666 15,593 Section 163(j) interest limitation 40,766 32,684 Capital loss carryforward 25,145 25,282 Other – temporary differences 5,578 8,993 Total gross deferred income tax assets 483,891 493,552 Valuation allowance (456,699 ) (467,440 ) Gross deferred income tax assets, net of valuation allowance 27,192 26,112 Gross deferred income tax liabilities: Basis difference – real estate properties 70,914 82,160 Basis difference – equity investments and intangibles 6,864 6,170 Other – temporary differences 1,028 993 Total gross deferred income tax liabilities 78,806 89,323 Net deferred income tax liabilities $ 51,614 $ 63,211 (1) At December 31, 2016, we had NOL carryforwards as follows (in thousands): U.S. Europe Mexico Japan Other Gross NOL carryforward $ 97,565 $ 640,431 $ 371,284 $ 115,154 $ 48,318 Tax-effected NOL carryforward 36,597 162,067 117,633 23,001 11,611 Valuation allowance (36,597 ) (146,684 ) (117,633 ) (23,001 ) (11,611 ) Net deferred tax asset – NOL carryforward $ - $ 15,383 $ - $ - $ - Expiration periods 2023 – 2036 2017 – indefinite 2017 – 2027 2017 – 2025 2017 – indefinite The deferred tax asset valuation allowance at December 31, 2016, 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, 2016, 2015 and 2014, 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 2013 and thereafter. The liability for uncertain tax positions was $3.0 million, $3.3 million and $0.3 million for the years ended December 31, 2016, 2015 and 2014, respectively, and principally consisted of estimated federal income tax liabilities and included accrued interest and penalties. |
Earnings Per Common Share or Un
Earnings Per Common Share or Unit | 12 Months Ended |
Dec. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share or Unit | NOTE 15. EARNINGS PER COMMON SHARE OR UNIT We determine basic earnings per share or unit based on the weighted average number of shares of common stock or units outstanding during the period. We compute diluted earnings per share or unit based on the weighted average number of shares or units outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments. The computation of our basic and diluted earnings per share and unit for the years ended December 31 (in thousands, except per share and unit amounts) is as follows: Prologis, Inc. 2016 2015 2014 Net earnings attributable to common stockholders – Basic $ 1,203,218 $ 862,788 $ 622,235 Net earnings attributable to exchangeable limited partnership units (1) 37,079 13,120 3,636 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - (1,614 ) - Adjusted net earnings attributable to common stockholders – Diluted $ 1,240,297 $ 874,294 $ 625,871 Weighted average common shares outstanding – Basic 526,103 521,241 499,583 Incremental weighted average effect on exchange of limited partnership units (1) 16,833 8,569 3,501 Incremental weighted average effect of equity awards and warrant 3,730 1,961 3,307 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - 2,173 - Weighted average common shares outstanding – Diluted (3) 546,666 533,944 506,391 Net earnings per share attributable to common stockholders: Basic $ 2.29 $ 1.66 $ 1.25 Diluted $ 2.27 $ 1.64 $ 1.24 Prologis, L.P. 2016 2015 2014 Net earnings attributable to common unitholders $ 1,237,519 $ 873,914 $ 624,436 Net earnings attributable to Class A convertible common unitholders (20,069 ) (3,393 ) - Net earnings attributable to common unitholders – Basic $ 1,217,450 $ 870,521 $ 624,436 Net earnings attributable to Class A convertible common unitholders 20,069 3,393 - Net earnings attributable to exchangeable limited partnership units 2,778 1,994 1,435 Gain, net of expenses, associated with exchangeable debt assumed exchanged (2) - (1,614 ) - Adjusted net earnings attributable to common unitholders – Diluted $ 1,240,297 $ 874,294 $ 625,871 Weighted average common partnership units outstanding – Basic 532,326 525,912 501,349 Incremental weighted average effect on exchange of Class A convertible units 8,775 2,050 - Incremental weighted average effect on exchange of limited partnership units 1,835 1,848 1,735 Incremental weighted average effect of equity awards and warrant of Prologis, Inc. 3,730 1,961 3,307 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - 2,173 - Weighted average common partnership units outstanding – Diluted (3) 546,666 533,944 506,391 Net earnings per unit attributable to common unitholders: Basic $ 2.29 $ 1.66 $ 1.25 Diluted $ 2.27 $ 1.64 $ 1.24 (1) Earnings allocated to the exchangeable Operating Partnership units not held by the Parent have 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 as the per share and unit amount is the same. (2) In March 2015, the exchangeable debt was settled primarily through the issuance of common stock. The adjustment in 2015 assumes the exchange occurred on January 1, 2015. (3 ) Our total potentially dilutive shares and units outstanding consisted of the following: 2016 2015 2014 Total weighted average potentially dilutive limited partnership units 10,610 3,898 1,932 Total potentially dilutive stock awards 8,444 7,299 14,366 Total weighted average potentially dilutive shares and units from exchangeable debt - 2,173 11,879 Total Prologis, L.P. 19,054 13,370 28,177 Limited partners in Prologis, L.P. 6,223 4,671 1,766 Total Prologis, Inc. 25,277 18,041 29,943 |
Financial Instruments and Fair
Financial Instruments and Fair Value Measurements | 12 Months Ended |
Dec. 31, 2016 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Financial Instruments and Fair Value Measurements | NOTE 16. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Derivative Financial Instruments In the normal course of business, our operations are exposed to 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 enter into only those transactions we believe will be highly effective at offsetting the underlying risk. See Note 2 for additional information about our derivative financial instrument policy. The following table presents the fair value and classification of our derivative instruments at December 31 (in thousands): 2016 2015 Asset Liability Asset Liability Net investment hedges Canadian dollar denominated $ 1,245 $ - $ - $ - Pound sterling denominated 7,439 - 33,471 - Forwards and options Euro denominated (1) 10,933 - 11,711 84 Pound sterling denominated (1) 16,985 - 4,241 745 Yen denominated (1) 9,246 1,071 832 717 Other (1) 831 197 3,324 88 Interest rate hedges 435 - - 12,095 Total fair value of derivatives $ 47,114 $ 1,268 $ 53,579 $ 13,729 (1) As discussed in Note 2, these foreign currency contracts are not designated as hedges, with the exception of cash flow hedges denominated in pesos, which matured in 2016. Foreign Currency The following tables summarize the activity in our foreign currency contracts for the years ended December 31 (in millions, except for weighted average forward rates and number of active contracts): 2016 Foreign Currency Contracts Net Investment Hedges Forwards and Options Local Currency CAD GBP JPY EUR GBP JPY Other Notional amounts at January 1 $ - £ 238 ¥ - € 275 £ 97 ¥ 12,840 New contracts 133 90 11,189 369 - 15,460 Matured, expired or settled contracts - (297 ) (11,189 ) (470 ) (49 ) (12,800 ) Notional amounts at December 31 $ 133 £ 31 ¥ - € 174 £ 48 ¥ 15,500 Foreign Currency Contracts U.S. Dollar Net Investment Hedges Forwards and Options (1) Notional amounts at January 1 $ - $ 386 $ - $ 310 $ 148 $ 109 $ 50 New contracts 100 131 99 413 - 146 15 Matured, expired or settled contracts - (471 ) (99 ) (526 ) (70 ) (111 ) (27 ) Notional amounts at December 31 $ 100 $ 46 $ - $ 197 $ 78 $ 144 $ 38 Weighted average forward rate at December 31 1.33 1.51 - 1.13 1.54 107.68 Active contracts at December 31 2 2 - 24 8 30 16 2015 Foreign Currency Contracts Net Investment Hedges Forwards and Options Local Currency CAD EUR GBP JPY EUR GBP JPY Other Notional amounts at January 1 $ - € 300 £ 238 ¥ 24,136 € 284 £ - ¥ - New contracts 394 - 118 43,373 333 199 18,740 Matured, expired or settled contracts (394 ) (300 ) (118 ) (67,509 ) (342 ) (102 ) (5,900 ) Notional amounts at December 31 $ - € - £ 238 ¥ - € 275 £ 97 ¥ 12,840 Foreign Currency Contracts U.S. Dollar Net Investment Hedges Forwards and Options (1) Notional amounts at January 1 $ - $ 400 $ 400 $ 250 $ 354 $ - $ - $ - New contracts 298 - 186 353 375 300 159 71 Matured, expired or settled contracts (298 ) (400 ) (200 ) (603 ) (419 ) (152 ) (50 ) (21 ) Notional amounts at December 31 $ - $ - $ 386 $ - $ 310 $ 148 $ 109 $ 50 2014 Foreign Currency Contracts Net Investment Hedges Forwards and Options Local Currency EUR GBP JPY EUR Notional amounts at January 1 € 600 £ - ¥ 24,136 € - New contracts 1,746 238 79,010 365 Matured, expired or settled contracts (2,046 ) - (79,010 ) (81 ) Notional amounts at December 31 € 300 £ 238 ¥ 24,136 € 284 Foreign Currency Contracts U.S. Dollar Net Investment Hedges Forwards and Options (1) Notional amounts at January 1 $ 800 $ - $ 250 $ - New contracts 2,354 400 769 464 Matured, expired or settled contracts (2,754 ) - (769 ) (110 ) Notional amounts at December 31 $ 400 $ 400 $ 250 $ 354 (1) During 2016, 2015 and 2014, we exercised 49, 32 and 3 option contracts and realized gains of $3.0 million, $14.6 million and $1.1 million, respectively, in Foreign Currency and Derivative Gains (Losses), Net We recognized unrealized gains of $19.1 million, $22.1 million and $7.7 million in Foreign Currency and Derivative Gains (Losses), Net We had no ineffectiveness on our foreign currency derivative contracts during 2016, 2015 or 2014. Interest Rate The following table summarizes the activity in our interest rate swaps for the years ended December 31 (in millions): 2016 (1) 2015 2014 Notional amounts at January 1 $ 1,196 $ 398 $ 71 New contracts - 1,158 398 Matured, expired or settled contracts (925 ) (360 ) (71 ) Notional amounts at December 31 $ 271 $ 1,196 $ 398 (1) We had three interest rate swaps hedges outstanding at December 31, 2016. In January 2016, the Bank of Japan introduced negative interest rates. As a result, our two Japanese yen denominated interest rate hedges related to the 2015 yen term loan no longer qualified for hedge accounting due to a zero percent floor mismatch in the hedging relationship. These interest rate hedges were designated as cash flow hedges at December 31, 2015, and the change in fair value was recorded in Other Comprehensive Income In August 2016, we entered into the Yen Term Loan and repaid our 2014, 2015 and 2016 yen term loans. At that time, we settled the outstanding contracts related to the previously outstanding term loans for $26.3 million. The fair value of the contracts that qualified for hedge accounting at the date of repayment was recorded to AOCI Interest Expense AOCI Foreign Currency and Derivative Gains (Losses), Net During 2015, we entered into two contracts with a notional amount of $526.3 million (¥65.0 billion) to effectively fix the interest rate on the 2015 yen term loan (see above for discussion on the settlement of these contracts) and three contracts with a notional amount of CAD $371.9 million ($271.2 million) to effectively fix the interest rate on the Canadian term loan. In the third quarter of 2015, we entered into two contracts with a notional amount of $360.0 million to effectively fix the interest rate at the three month LIBOR rate of 2.3% on expected future debt issuances. These contracts were settled in the fourth quarter of 2015 when we entered into $750.0 million of senior notes. We recorded a loss of $11.0 million associated with these derivatives that will be amortized to Interest Expense During 2014, we entered into two contracts with a notional amount of $398.3 million (¥40.9 billion) to effectively fix the interest rate on the 2014 yen term loan. See above for discussion on the settlement of these contracts. See Note 9 for more information on our term loans. Other Comprehensive Income The change in Other Comprehensive Income The following table presents the gains and (losses) associated with the change in fair value for the effective portion of our derivative and nonderivative hedging instruments included in Other Comprehensive Income 2016 2015 2014 Derivative net investment hedges (1) $ 55,460 $ 63,934 $ 122,164 Interest rate and cash flow hedges (2) (551 ) (21,714 ) (804 ) Our share of derivatives from unconsolidated co-investment ventures (798 ) 4,257 (5,694 ) Total derivative instruments 54,111 46,477 115,666 Nonderivative net investment hedges (3) 112,591 321,148 321,196 Total derivative and nonderivative hedging instruments $ 166,702 $ 367,625 $ 436,862 (1) We received $79.8 million, $128.2 million and $13.0 million for the years ended December 31, 2016, 2015 and 2014, respectively, on the settlement of net investment hedges. (2) The amount reclassified to interest expense was $5.5 million for 2016 and for 2015 and 2014 the amounts were not considered significant. For the next 12 months from December 31, 2016, we estimate an additional expense of $5.4 million will be reclassified to Interest Expense (3) At December 31, 2016, 2015 and 2014, we had €3.2 billion ($3.4 billion), €3.2 billion ($3.5 billion) and €2.5 million ($3.0 billion) of debt, net of accrued interest, respectively, designated as nonderivative 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 nonderivative financial instrument hedge at December 31, 2014. We recognized unrealized gains of $10.0 million and $7.7 million in Foreign Currency and Derivative Gains (Losses), Net 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 on disposition. See Note 2 for more information on our fair value measurements policy. Fair Value Measurements on a Recurring Basis At December 31, 2016 and 2015, other than the derivatives discussed previously, we did not have any significant financial assets or financial liabilities that were measured at fair value on a recurring basis in the Consolidated Financial Statements. All of our derivatives held at December 31, 2016 and 2015, were classified as Level 2 of the fair value hierarchy. Fair Value Measurements on Nonrecurring Basis No assets met the criteria to be measured at fair value on a nonrecurring basis at December 31, 2016 or 2015. Fair Value of Financial Instruments At December 31, 2016 and 2015, the 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 because of the short-term nature of these instruments. 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 or borrowing spreads that were available to us at December 31, 2016 and 2015, as compared with those in effect when the debt was issued or assumed, 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): 2016 2015 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 35,023 $ 35,061 $ - $ - Senior notes 6,417,492 6,935,485 6,516,392 6,801,118 Term loans and unsecured other 1,499,001 1,510,661 2,115,457 2,128,270 Secured mortgages 979,585 1,055,020 1,172,473 1,262,778 Secured mortgages of consolidated entities 1,677,193 1,683,489 1,822,509 1,825,361 Total debt $ 10,608,294 $ 11,219,716 $ 11,626,831 $ 12,017,527 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2016 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 17. 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 Indemnification Agreements We may enter into agreements whereby we indemnify certain co-investment ventures, or our venture partners, outside of the U.S. for taxes that may be assessed with respect to certain properties we contributed 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 outcome under these agreements is uncertain as it depends 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 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 on the completion of the improvements and infrastructure. At December 31, 2016, and 2015 we had approximately $123.5 million and $131.1 million, respectively, outstanding under such arrangements. We may be required under capital commitments or we may 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 From time to time, we are party 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 have material adverse effect on our business, financial position or results of operations. |
Business Segments
Business Segments | 12 Months Ended |
Dec. 31, 2016 | |
Segment Reporting [Abstract] | |
Business Segments | NOTE 18. 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 operating segment represents the ownership and development of operating properties and is the largest component of our revenues and earnings. We collect rent from our customers through operating leases, including reimbursements for the majority of our property operating costs. Each operating property is considered to be an individual operating segment with similar economic characteristics; these properties are combined within the reportable segment based on geographic location. Our Real Estate Operations segment also includes development activities that lead to rental operations, including land held for development and properties currently under development. Within this line of business, we capitalize on the following: (i) the land that we currently own; (ii) the development expertise of our local teams; (iii) our customer relationships; and (iv) our in-depth knowledge in connection with our development activities. Land we own and lease to customers under ground leases is also included in this segment. • Strategic Capital. This operating segment represents the management of unconsolidated co-investment ventures. We generate strategic capital revenues from our unconsolidated co-investment ventures through asset management and property management services and we earn additional revenues by providing leasing, acquisition, construction, development, financing and disposition services. 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 with similar economic characteristics; these ventures are combined within the reportable segment based on geographic location. Reconciliations are presented below for: (i) each reportable business segment’s revenues from external customers to Total Revenues Operating Income Earnings Before Income Taxes Total Assets Total Revenues, Operating Income, Earnings Before Income Taxes Total Assets Years Ended December 31, 2016 2015 2014 Revenues: Real estate operations: U.S. $ 2,040,308 $ 1,801,858 $ 1,306,194 Other Americas 58,541 57,535 97,370 Europe 76,759 69,527 74,413 Asia 62,975 57,792 62,939 Total Real Estate Operations segment 2,238,583 1,986,712 1,540,916 Strategic capital: U.S. 39,360 39,396 84,178 Other Americas 22,777 22,288 10,990 Europe 185,495 112,793 86,549 Asia 46,920 35,885 38,154 Total Strategic Capital segment 294,552 210,362 219,871 Total revenues $ 2,533,135 $ 2,197,074 $ 1,760,787 Segment net operating income: Real estate operations: U.S. $ 1,520,571 $ 1,256,188 $ 932,151 Other Americas 38,136 38,280 69,120 Europe 55,563 39,672 40,627 Asia 41,114 41,692 45,262 Total Real Estate Operations segment 1,655,384 1,375,832 1,087,160 Strategic capital: U.S. (1,622 ) (1,925 ) 38,101 Other Americas 12,755 13,277 1,911 Europe 142,975 86,264 56,869 Asia 11,938 4,324 7,560 Total Strategic Capital segment 166,046 101,940 104,441 Total segment net operating income 1,821,430 1,477,772 1,191,601 Reconciling items: General and administrative expenses 222,067 217,227 229,332 Depreciation and amortization expenses 930,985 880,373 642,461 Operating income 668,378 380,172 319,808 Earnings from unconsolidated entities, net 206,307 159,262 134,288 Interest expense (303,146 ) (301,363 ) (308,885 ) Interest and other income, net 8,101 25,484 25,768 Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 757,398 758,887 725,790 Foreign currency and derivative gains (losses), net 7,582 12,466 (17,841 ) Gains (losses) on early extinguishment of debt, net 2,484 (86,303 ) (165,300 ) Earnings before income taxes $ 1,347,104 $ 948,605 $ 713,628 December 31, 2016 2015 Assets: Real estate operations: U.S. $ 21,286,422 $ 22,030,457 Other Americas 978,476 919,381 Europe 1,346,589 1,291,991 Asia 936,462 1,157,401 Total Real Estate Operations segment 24,547,949 25,399,230 Strategic capital (1): U.S. 18,090 19,363 Europe 47,635 49,960 Asia 1,301 2,005 Total Strategic Capital segment 67,026 71,328 Total segment assets 24,614,975 25,470,558 Reconciling items: Investments in and advances to unconsolidated entities 4,230,429 4,755,620 Assets held for sale or contribution 322,139 378,423 Notes receivable backed by real estate 32,100 235,050 Cash and cash equivalents 807,316 264,080 Other assets 242,973 291,036 Total reconciling items 5,634,957 5,924,209 Total assets $ 30,249,932 $ 31,394,767 (1) 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, 2016 and 2015. |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 12 Months Ended |
Dec. 31, 2016 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | NOTE 19. SUPPLEMENTAL CASH FLOW INFORMATION Our significant noncash investing and financing activities for the years ended December 31, 2016, 2015 and 2014 included the following: • We capitalized $25.8 million, $22.7 million and $21.6 million of equity-based compensation expense resulting from our development and leasing activities during 2016, 2015 and 2014, respectively. • In 2016, we issued 1.9 million shares of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the Operating Partnership as disclosed in Note 12. • We received $135.3 million and $65.3 million of ownership interests in certain unconsolidated entities as a portion of our proceeds from the contribution of properties to these entities during 2016 and 2015, respectively. • During 2015, we assumed $290.7 million of secured mortgage debt in connection with the acquisition of real estate properties. Also, as partial consideration for the disposition of some properties acquired during 2015, the buyer assumed debt of $170.1 million. • In 2015, common limited partnership units were issued as partial consideration for the acquisition of properties as disclosed in Note 12. • See Notes 3, 9 and 12 for information related to the KTR transaction in May 2015. • We received $235.1 million of notes receivable backed by real estate in exchange for the disposition of real estate in 2015. See Note 7 for more information on our notes receivable backed by real estate. • Holders of our exchangeable senior notes exchanged the majority of their notes into common stock of the Parent in March 2015 as disclosed in Note 9. • As partial consideration for properties we contributed to FIBRA Prologis and the conclusion of an unconsolidated co-investment venture during 2014, we received equity valued at $609.7 million and FIBRA Prologis assumed $345.1 million of secured debt. See Note 4 for additional information about this transaction. • See Note 3 for information related to acquisitions of controlling interests in our unconsolidated co-investment ventures in 2014. |
Selected Quarterly Financial Da
Selected Quarterly Financial Data (Unaudited) | 12 Months Ended |
Dec. 31, 2016 | |
Quarterly Financial Information Disclosure [Abstract] | |
Selected Quarterly Financial Data (Unaudited) | NOTE 20. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) The following table details our selected quarterly financial data (in thousands, except per share and unit data): Three Months Ended, Prologis, Inc. March 31, June 30, September 30, December 31, 2016: Rental revenues $ 437,104 $ 426,150 $ 435,868 $ 435,722 Rental recoveries $ 117,012 $ 119,981 $ 124,409 $ 124,163 Total revenues $ 606,300 $ 602,155 $ 704,565 $ 620,115 Rental expenses $ (146,581 ) $ (140,725 ) $ (140,514 ) $ (141,050 ) Operating income $ 129,198 $ 142,348 $ 232,624 $ 164,208 Consolidated net earnings $ 222,805 $ 295,791 $ 307,242 $ 466,702 Net earnings attributable to common stockholders $ 208,041 $ 275,383 $ 279,255 $ 440,539 Net earnings per share attributable to common stockholders – Basic (1) $ 0.40 $ 0.52 $ 0.53 $ 0.83 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.39 $ 0.52 $ 0.52 $ 0.82 2015: Rental revenues $ 324,547 $ 357,828 $ 418,116 $ 435,626 Rental recoveries $ 94,255 $ 103,616 $ 114,639 $ 124,560 Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Rental expenses $ (127,095 ) $ (125,820 ) $ (140,284 ) $ (150,983 ) Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common stockholders $ 345,206 $ 140,240 $ 258,979 $ 118,363 Net earnings per share attributable to common stockholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 Prologis, L.P. 2016: Rental revenues $ 437,104 $ 426,150 $ 435,868 $ 435,722 Rental recoveries $ 117,012 $ 119,981 $ 124,409 $ 124,163 Total revenues $ 606,300 $ 602,155 $ 704,565 $ 620,115 Rental expenses $ (146,581 ) $ (140,725 ) $ (140,514 ) $ (141,050 ) Operating income $ 129,198 $ 142,348 $ 232,624 $ 164,208 Consolidated net earnings $ 222,805 $ 295,791 $ 307,242 $ 466,702 Net earnings attributable to common unitholders $ 214,275 $ 283,699 $ 286,943 $ 452,602 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.40 $ 0.52 $ 0.53 $ 0.83 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.39 $ 0.52 $ 0.52 $ 0.82 2015: Rental revenues $ 324,547 $ 357,828 $ 418,116 $ 435,626 Rental recoveries $ 94,255 $ 103,616 $ 114,639 $ 124,560 Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Rental expenses $ (127,095 ) $ (125,820 ) $ (140,284 ) $ (150,983 ) Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common unitholders $ 346,488 $ 141,538 $ 262,155 $ 123,733 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 (1) Quarterly earnings per common share or unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares or units outstanding included in the calculation of basic and diluted shares or units. (2) Income 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 and unit is the same. |
Real Estate and Accumulated Dep
Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2016 | |
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 DECEMBER 31, 2016 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2016 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Industrial Operating Properties (d) North American Markets United States: Atlanta, Georgia Atlanta Airport Distribution Center 4 (d) 4,759 13,591 998 4,759 14,589 19,348 (1,487 ) 2014, 2015 Atlanta NE at Sugarloaf 1 (d) 620 2,499 73 620 2,572 3,192 (214 ) 2014 Atlanta NE Distribution Center 8 (d) 5,582 3,047 32,175 6,276 34,528 40,804 (20,201 ) 1996, 1997 Atlanta South Business Park 9 5,353 28,895 4,341 5,353 33,236 38,589 (6,832 ) 2011 Atlanta West Distribution Center 6 (d) 13,420 43,556 8,732 13,420 52,288 65,708 (9,893 ) 1994, 2006, 2012, 2015 Berkeley Lake Distribution Center 1 (d) 2,046 8,712 1,204 2,046 9,916 11,962 (2,659 ) 2006 Breckenridge Distribution Center 1 (d) 1,645 6,627 277 1,645 6,904 8,549 (555 ) 2014 Buford Distribution Center 2 2,659 8,847 6,101 2,659 14,948 17,607 (2,190 ) 2007, 2015 Carter-Pacific Business Center 3 (d) 1,484 5,965 440 1,484 6,405 7,889 (712 ) 2014 Cobb Place Distribution Center 2 2,970 12,702 1,721 2,970 14,423 17,393 (2,439 ) 2012 Douglas Hill Distribution Center 4 11,599 46,826 4,820 11,677 51,568 63,245 (19,347 ) 2005 Hartsfield East Distribution Center 1 697 6,466 654 697 7,120 7,817 (1,131 ) 2011 Horizon Distribution Center 2 (d) 7,364 36,015 1,659 7,364 37,674 45,038 (4,744 ) 2006, 2015 Midland Distribution Center 1 1,919 7,679 1,547 1,919 9,226 11,145 (3,304 ) 2006 Northeast Industrial Center 2 2,821 12,176 1,707 2,821 13,883 16,704 (2,899 ) 2012 Northmont Industrial Center 1 566 3,209 1,741 566 4,950 5,516 (3,614 ) 1994 Olympic Industrial Center 2 2,156 8,941 545 2,156 9,486 11,642 (1,088 ) 2014 Park I-75 South 2 (d) 11,393 18,808 35,508 11,406 54,303 65,709 (5,061 ) 2013, 2015 Park I-85 4 6,391 11,585 26,264 6,465 37,775 44,240 (1,485 ) 2015 Peachtree Corners Business Center 5 (d) 5,750 20,670 3,960 5,750 24,630 30,380 (6,394 ) 1994, 2015 Piedmont Ct. Distribution Center 2 885 5,013 4,269 885 9,282 10,167 (6,465 ) 1997 Riverside Distribution Center (ATL) 4 (d) 3,306 16,600 4,462 3,329 21,039 24,368 (11,251 ) 1999, 2014 Royal 85 Industrial Center 3 3,306 16,859 776 3,306 17,635 20,941 (1,081 ) 2015 Savannah Logistics Center 2 (d) 5,114 46,844 343 5,114 47,187 52,301 (2,665 ) 2015 Southfield-KRDC Industrial SG 1 1,551 8,621 524 1,551 9,145 10,696 (2,705 ) 2011 Southside Distribution Center 1 1,186 2,859 590 1,186 3,449 4,635 (952 ) 2011 Suwanee Creek Distribution Center 2 1,045 4,201 492 1,045 4,693 5,738 (791 ) 2010, 2013 Tradeport Distribution Center 3 (d) 1,464 4,563 9,663 1,479 14,211 15,690 (8,957 ) 1994, 1996 Weaver Distribution Center 2 935 5,182 2,439 935 7,621 8,556 (5,742 ) 1995 Westfork Industrial Center 3 (d) 6,216 19,382 823 6,216 20,205 26,421 (1,306 ) 2015 Atlanta, Georgia 84 116,202 436,940 158,848 117,099 594,891 711,990 (138,164 ) Austin, Texas Corridor Park Corporate Center 4 (d) 4,579 18,358 622 4,579 18,980 23,559 (1,535 ) 2014 MET 4-12 LTD 1 4,300 20,456 294 4,300 20,750 25,050 (4,125 ) 2011 MET PHASE 1 95 LTD 4 5,593 17,211 1,519 5,593 18,730 24,323 (3,961 ) 2011 Montopolis Distribution Center 1 580 3,384 2,628 580 6,012 6,592 (4,882 ) 1994 Riverside Distribution Center (AUS) 1 1,849 7,195 93 1,849 7,288 9,137 (435 ) 2015 Southpark Corporate Center 3 1,470 5,834 227 1,470 6,061 7,531 (484 ) 2014 Walnut Creek Corporate Center 17 (d) 11,152 46,510 1,643 11,206 48,099 59,305 (7,089 ) 1994, 2014 Austin, Texas 31 29,523 118,948 7,026 29,577 125,920 155,497 (22,511 ) Baltimore/Washington DC 1901 Park 100 Drive 1 (d) 2,409 7,227 1,178 2,409 8,405 10,814 (3,306 ) 2006 Airport Commons Distribution Center 2 (d) 2,320 - 10,671 2,360 10,631 12,991 (5,474 ) 1997 Beltway Distribution 1 9,211 33,922 909 9,211 34,831 44,042 (7,016 ) 2011 BWI Cargo Center E 1 - 10,725 115 - 10,840 10,840 (7,174 ) 2011 Corcorde Industrial Center 4 (d) 1,538 8,717 5,104 1,538 13,821 15,359 (9,946 ) 1995 Corridor Industrial Center 1 1,921 7,224 365 1,921 7,589 9,510 (1,515 ) 2011 Crysen Industrial Center 1 2,285 6,267 656 2,285 6,923 9,208 (1,599 ) 2011 Gateway Business Center 8 22,025 25,117 21,843 22,261 46,724 68,985 (4,062 ) 2012, 2014 Gateway Distribution Center 3 2,523 5,715 5,217 3,163 10,292 13,455 (3,229 ) 1998, 2012 Granite Hill Distribution Center 2 2,959 9,344 74 2,959 9,418 12,377 (2,413 ) 2011 Greenwood Industrial Center 3 6,828 24,253 2,912 6,828 27,165 33,993 (5,534 ) 2011 Hampton Central Distribution Center 3 (d) 8,928 26,787 1,090 8,928 27,877 36,805 (2,214 ) 2014 IAD Cargo Center 5 1 - 43,060 96 - 43,156 43,156 (39,338 ) 2011 Meadowridge Distribution Center 3 (d) 7,827 18,076 8,397 7,972 26,328 34,300 (4,959 ) 1998, 2014 Meadowridge Industrial Center 3 4,845 20,576 4,564 4,845 25,140 29,985 (4,891 ) 2011 Patuxent Range Road 2 2,281 9,638 1,630 2,281 11,268 13,549 (2,490 ) 2011 Preston Court 1 2,326 10,146 331 2,326 10,477 12,803 (2,181 ) 2011 ProLogis Park - Dulles 7 (d) 16,703 35,291 854 16,703 36,145 52,848 (4,850 ) 2012, 2014 Troy Hill Distribution Center 3 9,179 30,415 741 9,179 31,156 40,335 (3,570 ) 2012, 2014 White Marsh Distribution Center 1 4,714 6,955 625 4,714 7,580 12,294 (256 ) 2015 Baltimore/Washington DC 51 110,822 339,455 67,372 111,883 405,766 517,649 (116,017 ) PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2016 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2016 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Central & Eastern, Pennsylvania Carlisle Distribution Center 9 92,681 328,514 45,559 92,707 374,047 466,754 (38,465 ) 2012, 2013, 2015 Chambersburg Distribution Center 1 4,188 17,796 138 4,188 17,934 22,122 (2,277 ) 2013 Harrisburg Distribution Center 6 30,801 122,169 5,554 30,801 127,723 158,524 (18,167 ) 2004, 2013, 2015 Harrisburg Industrial Center 1 782 6,190 1,837 782 8,027 8,809 (3,776 ) 2002 I-78 Distribution Center 1 13,030 30,007 444 13,030 30,451 43,481 (5,670 ) 2011 I-81 Distribution Center 1 1,822 21,583 377 1,822 21,960 23,782 (3,998 ) 2011 Kraft Distribution Center 1 (d) 7,450 22,457 20 7,450 22,477 29,927 (1,879 ) 2014 Lehigh Valley Distribution Center 9 (d) 32,520 88,519 50,908 32,782 139,165 171,947 (17,211 ) 2004, 2010, 2013, 2014, 2015 Northport Industrial Center 1 (d) 12,282 37,910 - 12,282 37,910 50,192 (3,199 ) 2014 Park 33 Distribution Center 2 28,947 47,081 41,468 31,231 86,265 117,496 (12,094 ) 2007,2014 PHL Cargo Center C2 1 - 11,966 87 - 12,053 12,053 (6,738 ) 2011 Quakertown Distribution Center 1 6,966 - 28,369 6,966 28,369 35,335 (7,035 ) 2006 Central & Eastern, Pennsylvania 34 231,469 734,192 174,761 234,041 906,381 1,140,422 (120,509 ) Central Valley, California Arch Road Logistics Center 2 (d) 9,492 38,060 2,314 9,492 40,374 49,866 (8,729 ) 2010 Central Valley Distribution Center 2 (d) 4,329 25,033 885 4,329 25,918 30,247 (2,205 ) 2014 Central Valley Industrial Center 4 (d) 13,064 58,080 9,062 13,473 66,733 80,206 (26,734 ) 1999, 2002, 2005, 2014 Chabot Commerce Center 2 5,222 13,697 7,731 5,222 21,428 26,650 (6,173 ) 2011 Duck Creek Distribution Center 1 (d) 6,690 37,858 - 6,690 37,858 44,548 (3,048 ) 2014 Manteca Distribution Center 1 9,280 27,840 669 9,480 28,309 37,789 (10,673 ) 2005 Patterson Pass Business Center 4 14,225 19,547 96,523 17,267 113,028 130,295 (7,398 ) 2007, 2012, 2015, 2016 Tracy II Distribution Center 5 23,905 32,080 152,941 29,246 179,680 208,926 (31,106 ) 2007, 2009, 2012, 2013 Central Valley, California 21 86,207 252,195 270,125 95,199 513,328 608,527 (96,066 ) Charlotte, North Carolina Charlotte Distribution Center 11 (d) 6,596 8,206 30,225 8,114 36,913 45,027 (18,116 ) 1995, 1996, 1997, 1998, 2014 Northpark Distribution Center 2 (d) 1,183 6,707 3,287 1,184 9,993 11,177 (6,977 ) 1994, 1998 West Pointe Business Center 6 (d) 12,832 39,809 20,969 13,134 60,476 73,610 (8,672 ) 2006, 2012, 2014, 2015 Charlotte, North Carolina 19 20,611 54,722 54,481 22,432 107,382 129,814 (33,765 ) Chicago, Illinois Addison Business Center 1 1,293 2,907 536 1,293 3,443 4,736 (835 ) 2011 Addison Distribution Center 2 2,594 11,779 2,295 2,594 14,074 16,668 (4,012 ) 1997, 2015 Alsip Distribution Center 1 4,895 9,710 250 4,895 9,960 14,855 (691 ) 2015 Arlington Heights Distribution Center 2 5,263 10,361 3,568 5,264 13,928 19,192 (2,754 ) 2006, 2015 Aurora Distribution Center 6 9,921 53,571 1,645 9,921 55,216 65,137 (4,509 ) 2015 Bedford Park Distribution Center 2 (d) 3,014 9,271 359 3,014 9,630 12,644 (697 ) 2015 Bensenville Distribution Center 1 926 3,842 6,429 940 10,257 11,197 (7,769 ) 1997 Bensenville Industrial Park 14 (d) 43,455 111,007 9,495 43,455 120,502 163,957 (24,998 ) 2011, 2015 Bloomingdale 100 Business Center 4 (d) 6,563 26,145 1,784 6,563 27,929 34,492 (2,262 ) 2014 Bolingbrook Distribution Center 13 (d) 40,219 154,530 28,173 40,219 182,703 222,922 (29,862 ) 1999, 2006, 2014, 2015 Bridgeview Distribution Center 4 1,662 6,882 170 1,662 7,052 8,714 (895 ) 2014 Chicago Industrial Portfolio 1 1,330 2,876 428 1,330 3,304 4,634 (940 ) 2011 Cicero Distribution Center 1 3,789 5,819 849 3,789 6,668 10,457 (762 ) 2015 Des Plaines Distribution Center 4 8,022 17,145 4,129 8,023 21,273 29,296 (8,745 ) 1995, 1996, 2015 Elgin Distribution Center 1 2,480 6,422 854 2,480 7,276 9,756 (404 ) 2015 Elk Grove Distribution Center 14 (d) 37,200 81,638 41,879 37,200 123,517 160,717 (48,437 ) 1995, 1996, 1997, 1999, 2006, 2009, 2015 Elk Grove Du Page 21 14,830 64,408 13,911 14,830 78,319 93,149 (17,943 ) 2012 Elk Grove Village SG 5 5,856 11,049 1,484 5,856 12,533 18,389 (3,484 ) 2011 Elmhurst Distribution Center 1 1,862 3,263 472 1,862 3,735 5,597 (197 ) 2015 Franklin Park Distribution Center 3 22,998 49,906 805 22,998 50,711 73,709 (2,516 ) 2015 Glendale Heights Distribution Center 5 8,381 39,047 5,895 8,381 44,942 53,323 (17,374 ) 1999, 2015 Grand Rapids Distribution Center 1 (d) 839 1,516 16 839 1,532 2,371 (77 ) 2015 Gurnee Distribution Center 2 2,353 5,579 298 2,353 5,877 8,230 (385 ) 2015 I-55 Distribution Center 2 (d) 5,383 25,504 36,018 11,786 55,119 66,905 (19,352 ) 2007 Itasca Distribution Center 1 (d) 1,222 5,178 1,077 1,222 6,255 7,477 (806 ) 2014 Itasca Industrial Portfolio 1 1,044 1,920 229 1,044 2,149 3,193 (545 ) 2011 Kehoe Industrial Center 2 2,975 7,876 545 2,975 8,421 11,396 (1,013 ) 2011, 2015 Kennicott Park Distribution Center 1 811 2,996 24 811 3,020 3,831 (221 ) 2015 Kenosha Distribution Center 2 14,484 117,728 521 14,484 118,249 132,733 (5,085 ) 2015 McCook Distribution Center 1 1,968 6,784 281 1,968 7,065 9,033 (333 ) 2015 Melrose Park Distribution Center 2 9,544 27,851 488 9,544 28,339 37,883 (1,390 ) 2015 Minooka Distribution Center 3 18,420 67,250 18,437 19,404 84,703 104,107 (23,238 ) 2005, 2008, 2014 Mitchell Distribution Center 1 1,236 7,004 4,355 1,236 11,359 12,595 (7,913 ) 1996 Mount Pleasant Distribution Center 1 2,876 8,171 574 2,876 8,745 11,621 (399 ) 2015 NDP - Chicago 1 461 1,362 78 461 1,440 1,901 (294 ) 2011 Northbrook Distribution Center 1 2,056 8,227 4,015 2,056 12,242 14,298 (3,532 ) 2007 Northlake Distribution Center 1 5,015 13,569 125 5,015 13,694 18,709 (760 ) 2015 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2016 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2016 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition OHare Industrial Portfolio 5 3,455 8,724 216 3,455 8,940 12,395 (2,387 ) 2011 Palatine Distribution Center 1 497 2,723 299 497 3,022 3,519 (200 ) 2015 Pleasant Prairie Distribution Center 2 3,293 16,321 3,597 3,293 19,918 23,211 (7,053 ) 1999, 2015 Remington Lakes Distribution Center 1 2,382 11,657 901 2,382 12,558 14,940 (2,210 ) 2011 Romeoville Distribution Center 7 (d) 30,559 116,956 11,527 30,559 128,483 159,042 (38,273 ) 2005, 2015 S.C. Johnson & Son 1 2,267 15,911 1,842 3,152 16,868 20,020 (4,287 ) 2008 Shiller Park Distribution Center 17 17,339 33,001 3,350 17,339 36,351 53,690 (2,363 ) 2015 Touhy Cargo Terminal 1 2,697 8,909 - 2,697 8,909 11,606 (1,503 ) 2011 Tower Distribution Center 1 2,050 1,279 5 2,050 1,284 3,334 (62 ) 2015 Waukegan Distribution Center 1 2,451 9,438 506 2,451 9,944 12,395 (3,260 ) 2007 West Chicago Distribution Center 2 3,125 12,764 4,971 3,125 17,735 20,860 (6,425 ) 2005, 2015 Willowbrook Distribution Center 1 (d) 855 3,134 23 855 3,157 4,012 (337 ) 2015 Windsor Court 1 635 3,493 536 635 4,029 4,664 (880 ) 2011 Woodale Distribution Center 1 263 1,490 599 263 2,089 2,352 (1,454 ) 1997 Woodridge Distribution Center 15 (d) 49,943 215,504 27,177 53,310 239,314 292,624 (83,241 ) 2005, 2007, 2015 Yohan Industrial Center 3 4,219 12,306 1,685 4,219 13,991 18,210 (2,937 ) 2011 Chicago, Illinois 189 423,270 1,463,703 249,725 434,925 1,701,773 2,136,698 (402,301 ) Cincinnati, Ohio Airpark Distribution Center 4 (d) 5,851 21,846 15,049 6,831 35,915 42,746 (10,495 ) 1996, 2012, 2014 DAY Cargo Center 5 - 4,749 671 - 5,420 5,420 (2,388 ) 2011 Fairfield Commerce Center 1 (d) 2,526 10,110 105 2,526 10,215 12,741 (870 ) 2014 Gateway International Distribution Center 1 2,676 - 18,534 2,695 18,515 21,210 (445 ) 2015 Monroe Park 1 (d) 7,222 29,606 506 7,222 30,112 37,334 (2,547 ) 2014 Mosteller Distribution Center 1 (d) 921 3,888 165 921 4,053 4,974 (379 ) 2014 Park I-275 4 (d) 15,939 61,886 3,815 15,939 65,701 81,640 (9,244 ) 2008, 2012, 2014 Sharonville Distribution Center 2 (d) 1,202 - 15,838 2,424 14,616 17,040 (7,486 ) 1997 West Chester Commerce Park I 3 3,366 13,877 3,203 3,366 17,080 20,446 (2,581 ) 2012, 2014 Cincinnati, Ohio 22 39,703 145,962 57,886 41,924 201,627 243,551 (36,435 ) Columbus, Ohio Alum Creek Distribution Center 3 (d) 3,945 33,239 321 3,945 33,560 37,505 (1,871 ) 2015 Brookham Distribution Center 2 5,964 23,858 5,130 5,965 28,987 34,952 (12,576 ) 2005 Capital Park South Distribution Center 8 (d) 10,077 39,631 32,697 10,470 71,935 82,405 (24,153 ) 1996, 2012, 2014 Columbus West Industrial Center 1 427 2,407 202 427 2,609 3,036 (298 ) 2014 Corporate Park West 1 (d) 633 3,583 89 633 3,672 4,305 (327 ) 2014 Crosswinds Distribution Center 1 3,058 17,758 500 3,058 18,258 21,316 (1,666 ) 2014 Etna Distribution Center 2 (d) 5,840 33,734 1,055 5,840 34,789 40,629 (2,954 ) 2014 International Street Commerce Center 2 1,503 6,356 483 1,503 6,839 8,342 (1,312 ) 2012 South Park Distribution Center 2 (d) 3,343 15,182 3,627 3,343 18,809 22,152 (9,453 ) 1999, 2005 Westpointe Distribution Center 2 1,446 7,601 1,764 1,446 9,365 10,811 (4,312 ) 2007 Columbus, Ohio 24 36,236 183,349 45,868 36,630 228,823 265,453 (58,922 ) Dallas/Fort Worth, Texas Arlington Corporate Center 4 (d) 9,380 41,744 450 9,380 42,194 51,574 (5,320 ) 2012, 2014, 2015 Dallas Corporate Center 11 (d) 6,449 5,441 35,845 6,645 41,090 47,735 (21,109 ) 1996, 1997, 1998, 1999, 2012 Dallas Corporate Center North Distribution Center 2 6,014 - 20,152 5,990 20,176 26,166 (301 ) 2015 DFW Cargo Center 1 1 - 35,117 1,284 - 36,401 36,401 (8,082 ) 2011 DFW Cargo Center 2 1 - 27,916 221 - 28,137 28,137 (5,964 ) 2011 DFW Cargo Center East 3 - 19,730 367 - 20,097 20,097 (7,001 ) 2011 DFW Logistics Center 6 1 2,010 8,153 580 2,010 8,733 10,743 (418 ) 2015 Flower Mound Distribution Center 1 (d) 5,157 20,991 2,588 5,157 23,579 28,736 (8,198 ) 2007 Frankford Trade Center 4 6,882 27,530 807 6,882 28,337 35,219 (938 ) 2015 Freeport Corporate Center 6 (d) 15,965 63,935 9,665 15,872 73,693 89,565 (9,737 ) 2012, 2014 Freeport Distribution Center 4 1,393 5,549 6,289 1,440 11,791 13,231 (7,219 ) 1996, 1997, 1998 Gold Spike Distribution Center 1 3,629 - 18,094 3,629 18,094 21,723 (334 ) 2015 Great Southwest Corporate Center 3 4,476 18,358 455 4,476 18,813 23,289 (1,625 ) 2014 Great Southwest Distribution Center 22 (d) 44,349 190,068 26,195 44,454 216,158 260,612 (67,964 ) 1995, 1996, 1997, 1999, 2000, 2005, 2012, 2014, 2015 Greater Dallas Industrial Portfolio 3 3,525 16,375 1,713 3,525 18,088 21,613 (4,066 ) 2011 Heritage Business Park 9 (d) 20,153 93,145 29,179 20,153 122,324 142,477 (5,187 ) 2015 Lonestar Portfolio 1 2,396 7,839 2,774 2,396 10,613 13,009 (2,655 ) 2011 Mesquite Distribution Center 2 8,355 34,609 1,247 8,355 35,856 44,211 (4,450 ) 2012, 2014 Northgate Distribution Center 10 (d) 13,001 62,062 9,361 13,488 70,936 84,424 (23,775 ) 1999, 2005, 2008, 2012, 2014 Park 121 Distribution Center 1 6,888 - 14,628 7,662 13,854 21,516 (217 ) 2016 Riverside Drive Distribution Center 1 (d) 5,107 14,919 74 5,107 14,993 20,100 (1,020 ) 2015 ST Micro Distribution Center 2 2,429 - 17,317 4,026 15,720 19,746 (96 ) 2016 Stemmons Distribution Center 1 272 1,544 1,018 272 2,562 2,834 (1,887 ) 1995 Stemmons Industrial Center 8 1,653 10,526 6,697 1,653 17,223 18,876 (12,552 ) 1994, 1995, 1996, 1999 Trinity Mills Distribution Center 1 (d) 735 3,774 1,114 735 4,888 5,623 (2,907 ) 1999 Valwood Business Center 5 (d) 4,679 19,195 1,762 4,679 20,957 25,636 (6,034 ) 2001, 2006, 2014 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2016 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2016 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Valwood Distribution Center 5 (d) 4,742 20,629 1,860 4,742 22,489 27,231 (5,039 ) 1999, 2014 Valwood Industrial Center 2 1,802 9,658 958 1,802 10,616 12,418 (2,564 ) 2011 Watersridge Distribution Center 1 (d) 1,939 11,365 103 1,939 11,468 13,407 (622 ) 2015 Dallas/Fort Worth, Texas 116 183,380 770,172 212,797 186,469 979,880 1,166,349 (217,281 ) Denver, Colorado Denver Business Center 3 3,142 13,396 830 3,142 14,226 17,368 (2,507 ) 2012 Havana Distribution Center 1 (d) 1,421 5,657 330 1,421 5,987 7,408 (700 ) 2014 Pagosa Distribution Center 1 (d) 398 2,322 1,993 398 4,315 4,713 (3,249 ) 1993 Peoria Distribution Center 2 (d) 4,129 16,593 160 4,129 16,753 20,882 (1,392 ) 2014 Stapleton Business Center North 2 8,930 - 32,664 7,230 34,364 41,594 (1,869 ) 2014, 2015 Stapleton Business Center 12 34,634 139,257 12,215 34,635 151,471 186,106 (58,668 ) 2005 Upland Distribution Center 6 (d) 4,064 19,035 6,180 4,077 25,202 29,279 (7,295 ) 1994, 1995, 2014 Upland Distribution Center II 2 (d) 1,396 5,349 2,183 1,409 7,519 8,928 (3,465 ) 1993, 2014 Denver, Colorado 29 58,114 201,609 56,555 56,441 259,837 316,278 (79,145 ) Houston, Texas Avondale Distribution Center 1 2,231 5,044 451 2,231 5,495 7,726 (306 ) 2015 Blalock Distribution Center 3 (d) 5,032 21,983 3,340 5,031 25,324 30,355 (6,747 ) 2002, 2012 Cole Creek Distribution Center 1 3,865 22,534 298 3,865 22,832 26,697 (1,111 ) 2015 IAH Cargo Center 1 1 - 13,267 546 - 13,813 13,813 (1,813 ) 2012 Jersey Village Corporate Center 4 (d) 17,971 73,062 2,905 17,830 76,108 93,938 (9,957 ) 2012, 2014 Kempwood Business Center 4 1,746 9,894 3,819 1,746 13,713 15,459 (7,878 ) 2001 Northpark Distribution Center 12 (d) 15,015 37,139 36,813 15,015 73,952 88,967 (10,763 ) 2006, 2008, 2012, 2013, 2014 Perimeter Distribution Center 2 676 4,604 1,131 745 5,666 6,411 (3,443 ) 1999 Pine Forest Business Center 11 (d) 6,042 27,639 9,861 6,042 37,500 43,542 (18,792 ) 1993, 1995, 2014 Pine North Distribution Center 2 847 4,800 2,067 847 6,867 7,714 (3,889 ) 1999 Pinemont Distribution Center 2 642 3,636 1,153 642 4,789 5,431 (2,976 ) 1999 Post Oak Business Center 11 2,334 11,655 10,351 2,334 22,006 24,340 (16,351 ) 1993, 1994, 1996 Post Oak Distribution Center 5 1,522 8,758 6,560 1,522 15,318 16,840 (11,915 ) 1993, 1994 Satsuma Station Distribution Center 1 (d) 3,088 22,389 190 3,088 22,579 25,667 (1,018 ) 2015 South Loop Distribution Center 2 418 1,943 2,285 418 4,228 4,646 (3,106 ) 1994 Sugarland Corporate Center 2 3,506 14,067 123 3,506 14,190 17,696 (1,173 ) 2014 West by Northwest Industrial Center 9 (d) 11,316 46,372 4,386 11,456 50,618 62,074 (9,179 ) 1993, 1994, 2012, 2014 White Street Distribution Center 1 469 2,656 2,544 469 5,200 5,669 (3,797 ) 1995 Wingfoot Distribution Center 2 1,976 8,606 3,480 1,976 12,086 14,062 (2,229 ) 2012, 2013 World Houston Distribution Center 1 1,529 6,326 91 1,529 6,417 7,946 (950 ) 2012 Houston, Texas 77 80,225 346,374 92,394 80,292 438,701 518,993 (117,393 ) Indianapolis, Indiana Airport Business Center 2 (d) 1,667 6,445 464 1,667 6,909 8,576 (577 ) 2014 Airtech Park 1 (d) 7,305 29,001 467 7,305 29,468 36,773 (2,464 ) 2014 Eastside Distribution Center 1 228 1,187 2,255 299 3,371 3,670 (2,188 ) 1995 North by Northeast Corporate Center 1 1,058 - 9,302 1,059 9,301 10,360 (5,718 ) 1995 North Plainfield Park Distribution Center 1 (d) 8,562 34,778 103 8,562 34,881 43,443 (2,925 ) 2014 Park 100 Industrial Center 16 (d) 9,360 38,402 23,790 9,360 62,192 71,552 (27,240 ) 1995, 2012 Park 267 1 3,705 15,695 948 3,705 16,643 20,348 (1,293 ) 2014 Shadeland Industrial Center 3 428 2,431 3,459 429 5,889 6,318 (4,225 ) 1995 Indianapolis, Indiana 26 32,313 127,939 40,788 32,386 168,654 201,040 (46,630 ) Jacksonville, Florida JAX Cargo Center 1 - 2,892 176 - 3,068 3,068 (1,423 ) 2011 Jacksonville, Florida 1 - 2,892 176 - 3,068 3,068 (1,423 ) Kansas City, Kansas MCI Cargo Center 1 1 - 2,781 278 - 3,059 3,059 (2,026 ) 2011 MCI Cargo Center 2 1 - 11,630 - - 11,630 11,630 (3,975 ) 2011 Kansas City, Kansas 2 - 14,411 278 - 14,689 14,689 (6,001 ) Las Vegas, Nevada Arrowhead Commerce Center 15 (d) 30,075 82,214 2,599 30,075 84,813 114,888 (4,433 ) 2015 Cameron Business Center 1 1,963 3,626 343 1,963 3,969 5,932 (206 ) 2015 Las Vegas Corporate Center 6 23,118 51,157 1,846 13,656 62,465 76,121 (3,813 ) 2014, 2015 Montessouri Distribution Center 1 1,039 2,967 15 1,039 2,982 4,021 (184 ) 2015 North 15 Freeway Distribution Center 1 2,638 9,887 1,731 2,655 11,601 14,256 (67 ) 2016 Pama Distribution Center 1 (d) 2,223 5,695 78 2,223 5,773 7,996 (292 ) 2015 Sunrise Industrial Park 10 21,499 92,503 19,237 21,611 111,628 133,239 (13,142 ) 2011, 2013, 2014, 2016 Valley View Distribution Center 1 2,420 258 8 2,420 266 2,686 (168 ) 2015 Warm Springs Distribution Center 6 (d) 8,897 39,055 606 8,897 39,661 48,558 (2,104 ) 2015 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2016 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2016 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition West One Business Center 4 2,468 13,985 5,614 2,468 19,599 22,067 (13,436 ) 1996 Las Vegas, Nevada 46 96,340 301,347 32,077 87,007 342,757 429,764 (37,845 ) Louisville, Kentucky Cedar Grove Distribution Center 5 20,697 105,257 4,238 20,696 109,496 130,192 (17,257 ) 2005, 2008, 2012, 2015 Commerce Crossings Distribution Center 1 1,912 7,649 284 1,912 7,933 9,845 (3,018 ) 2005 I-65 Meyer Distribution Center 3 9,557 32,334 25,882 9,864 57,909 67,773 (11,615 ) 2006, 2012, 2015 New Cut Road Distribution Center 1 2,711 11,694 803 2,711 12,497 15,208 (2,436 ) 2012 River Ridge Distribution Center 1 8,102 69,329 303 8,102 69,632 77,734 (3,044 ) 2015 Louisville, Kentucky 11 42,979 226,263 31,510 43,285 257,467 300,752 (37,370 ) Memphis, Tennessee Delp Distribution Center 3 1,068 10,546 1,036 1,068 11,582 12,650 (8,384 ) 1995 DeSoto Distribution Center 3 (d) 7,225 4,136 35,967 6,778 40,550 47,328 (9,042 ) 2007, 2014 Memphis Industrial Park 2 3,252 14,448 1,693 3,252 16,141 19,393 (3,114 ) 2012 Olive Branch Distribution Center 1 6,719 31,134 443 6,719 31,577 38,296 (6,611 ) 2012 Willow Lake Distribution Center 1 613 3,474 109 613 3,583 4,196 (2,313 ) 1999 Memphis, Tennessee 10 18,877 63,738 39,248 18,430 103,433 121,863 (29,464 ) Nashville, Tennessee CentrePointe Distribution Center 4 (d) 7,507 15,042 16,220 9,067 29,702 38,769 (1,801 ) 2013, 2016 Elam Farms Park 1 2,097 8,386 1,928 2,097 10,314 12,411 (1,758 ) 2013 I-40 Industrial Center 4 3,075 15,333 5,611 3,075 20,944 24,019 (9,101 ) 1995, 1996, 1999, 2012 Interchange City Distribution Center 11 (d) 11,460 49,472 6,184 11,460 55,656 67,116 (8,538 ) 1999, 2012, 2014 Nashville North Distribution Center 4 (d) 6,194 44,587 839 6,194 45,426 51,620 (2,479 ) 2015 Southpark Distribution Center 4 (d) 11,834 47,335 1,583 11,834 48,918 60,752 (5,019 ) 2013 Nashville, Tennessee 28 42,167 180,155 32,365 43,727 210,960 254,687 (28,696 ) New Jersey/New York Brunswick Distribution Center 2 870 4,928 3,665 870 8,593 9,463 (5,681 ) 1997 Carteret Distribution Center 3 39,148 109,124 892 39,148 110,016 149,164 (6,225 ) 2015 CenterPoint Distribution Center 1 2,839 12,490 1,851 2,839 14,341 17,180 (3,314 ) 2012 Clifton Distribution Center 1 8,064 12,096 2,555 8,064 14,651 22,715 (3,165 ) 2010 Cranbury Business Park 8 (d) 43,056 91,129 4,561 43,056 95,690 138,746 (13,029 ) 2012, 2014 Dellamor 7 6,710 35,478 2,669 6,710 38,147 44,857 (9,617 ) 2011 Docks Corner SG (Phase II) 1 16,232 19,264 7,270 16,232 26,534 42,766 (9,747 ) 2011 Edison Distribution Center 1 30,610 52,190 11,042 30,610 63,232 93,842 (1,789 ) 2015 Elizabeth Seaport II 1 37,325 - 38,131 40,896 34,560 75,456 (49 ) 2016 Exit 10 Distribution Center 7 (d) 35,289 147,492 12,715 35,289 160,207 195,496 (53,850 ) 2005, 2015 Exit 7 Distribution Center 2 (d) 35,728 117,157 753 35,728 117,910 153,638 (5,139 ) 2015 Exit 8A Distribution Center 2 (d) 21,164 85,257 4,876 21,164 90,133 111,297 (20,304 ) 2005, 2014 Franklin Commerce Center 1 9,304 23,768 502 9,304 24,270 33,574 (4,090 ) 2011 Gourmet Lane Distribution Center 1 13,099 23,539 1,167 13,099 24,706 37,805 (856 ) 2015 Highway 17 55 Madis 1 2,937 13,477 1,115 2,937 14,592 17,529 (3,582 ) 2011 Interstate Distribution Center 3 (d) 30,188 76,705 902 30,188 77,607 107,795 (3,682 ) 2015 JFK Cargo Center 75_77 2 - 35,916 5,489 - 41,405 41,405 (19,902 ) 2011 Kilmer Distribution Center 4 (d) 2,526 14,313 5,007 2,526 19,320 21,846 (12,851 ) 1996 Liberty Log Center 1 3,273 24,029 372 3,273 24,401 27,674 (3,771 ) 2011 Linden Industrial Center 1 (d) 17,332 24,264 1,397 17,332 25,661 42,993 (920 ) 2015 Lister Distribution Center 1 16,855 21,802 1,422 16,855 23,224 40,079 (768 ) 2015 Maspeth Distribution Center 1 (d) 23,784 10,849 278 23,784 11,127 34,911 (364 ) 2015 Meadow Lane 1 1,036 6,388 27 1,036 6,415 7,451 (1,518 ) 2011 Meadowland Distribution Center 6 (d) 26,379 83,224 7,428 26,379 90,652 117,031 (25,559 ) 2005, 2015 Meadowland Industrial Center 7 (d) 4,190 13,469 20,655 4,190 34,124 38,314 (22,140 ) 1996, 1998 Meadowlands ALFII 3 3,972 18,895 3,427 3,972 22,322 26,294 (4,846 ) 2011 Meadowlands Park 8 6,898 41,471 1,998 6,898 43,469 50,367 (10,405 ) 2011 Mooncreek Distribution Center 1 3,319 13,422 15 3,319 13,437 16,756 (3,429 ) 2011 Murray Hill Parkway 2 2,907 12,040 525 2,907 12,565 15,472 (2,655 ) 2011 Newark Airport I and II 2 19,045 21,936 901 19,045 22,837 41,882 (1,882 ) 2011, 2015 Orchard Hill 1 678 3,756 20 678 3,776 4,454 (955 ) 2011 Pennsauken Distribution Center 2 192 959 655 203 1,603 1,806 (958 ) 1999 Perth Amboy Corporate Park 2 (d) 54,701 66,534 4,365 54,701 70,899 125,600 (2,554 ) 2015 Port Reading Business Park 10 (d) 211,931 256,740 119,387 201,814 386,244 588,058 (27,772 ) 2005, 2014, 2015 Ports Jersey City Distribution Center 1 34,133 - 61,057 34,504 60,686 95,190 (4,454 ) 2014 Portview Commerce Center 3 (d) 9,577 21,581 19,134 9,798 40,494 50,292 (5,710 ) 2011, 2012 Secaucus Distribution Center 2 (d) 9,603 - 26,905 9,603 26,905 36,508 (3,142 ) 2012 Skyland Crossdock 1 - 9,831 1,308 - 11,139 11,139 (3,018 ) 2011 South Jersey Distribution Center 1 6,912 17,437 216 6,912 17,653 24,565 (2,317 ) 2013 Teterboro Meadowlands 15 2 18,169 34,604 226 18,169 34,830 52,999 (5,752 ) 2011, 2015 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2016 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2016 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Two South Middlesex 1 4,389 8,410 1,030 4,389 9,440 13,829 (2,408 ) 2011 New Jersey/New York 108 814,364 1,585,964 377,910 808,421 1,969,817 2,778,238 (314,169 ) Orlando, Florida Beltway Commerce Center 4 18,835 25,526 15,316 18,840 40,837 59,677 (7,093 ) 2008, 2015 Chancellor Distribution Center 1 380 2,157 2,615 380 4,772 5,152 (3,391 ) 1994 Chancellor Square 3 2,087 9,708 2,320 687 13,428 14,115 (2,928 ) 2011 Consulate Distribution Center 5 (d) 6,105 31,550 3,419 6,105 34,969 41,074 (16,254 ) 1999, 2014 Crowne Pointe Park 1 3,888 7,497 1,592 3,888 9,089 12,977 (434 ) 2015 Davenport Distribution Center 1 934 3,991 102 934 4,093 5,027 (763 ) 2012 Lake Mary Logistics Center 1 1,374 5,101 185 1,374 5,286 6,660 (277 ) 2015 Orlando Airport Park 1 5,259 - 17,025 5,724 16,560 22,284 (104 ) 2016 Orlando Central Park 1 1,398 5,977 416 1,398 6,393 7,791 (1,378 ) 2012 Orlando Corporate Center 6 (d) 8,061 33,030 1,544 8,061 34,574 42,635 (3,061 ) 2014 Presidents Drive 6 6,845 31,180 4,240 6,845 35,420 42,265 (8,892 ) 2011 Sand Lake Service Center 6 3,704 19,546 4,035 3,704 23,581 27,285 (5,793 ) 2011 Orlando, Florida 36 58,870 175,263 52,809 57,940 229,002 286,942 (50,368 ) Phoenix, Arizona 24th Street Industrial Center 2 503 2,852 2,042 561 4,836 5,397 (3,781 ) 1994 Alameda Distribution Center 2 3,872 14,358 3,184 3,872 17,542 21,414 (6,945 ) 2005 Brookridge Distribution Center 1 (d) 3,897 15,153 241 3,897 15,394 19,291 (1,357 ) 2014 Hohokam 10 Business Center 1 1,317 7,468 1,581 1,318 9,048 10,366 (5,355 ) 1999 Kyrene Commons Distribution Center 3 1,093 5,475 2,909 1,093 8,384 9,477 (5,550 ) 1992, 1998, 1999 Papago Distribution Center 3 4,828 20,017 5,275 4,829 25,291 30,120 (11,790 ) 1994, 2005 Phoenix Distribution Center 1 1,441 5,578 1,026 1,441 6,604 8,045 (978 ) 2012 Sky Harbor Distribution Center 3 - 14,023 2,714 - 16,737 16,737 (336 ) 2016 University Dr Distribution Center 1 683 2,735 825 683 3,560 4,243 (1,298 ) 2005 Watkins Street Distribution Center 1 242 1,375 801 243 2,175 2,418 (1,496 ) 1995 Wilson Drive Distribution Center 1 1,273 5,093 992 1,273 6,085 7,358 (2,499 ) 2005 Phoenix, Arizona 19 19,149 94,127 21,590 19,210 115,656 134,866 (41,385 ) Portland, Oregon Clackamas Distribution Center 5 (d) 8,828 28,192 590 8,828 28,782 37,610 (2,907 ) 2012, 2014 PDX Cargo Center Airtrans 2 - 13,697 246 - 13,943 13,943 (4,284 ) 2011 PDX Corporate Center East 4 (d) 7,126 21,303 352 7,126 21,655 28,781 (1,743 ) 2014 PDX Corporate Center North Phase II 4 (d)(e) 10,293 25,461 2,155 10,293 27,616 37,909 (4,266 ) 2008, 2014 Portland Northwest Corporate Park 10 13,666 40,999 1,068 13,666 42,067 55,733 (2,171 ) 2015 Southshore Corporate Center 3 (d) 9,480 24,173 11,154 8,143 36,664 44,807 (6,029 ) 2006, 2014, 2015 Portland, Oregon 28 49,393 153,825 15,565 48,056 170,727 218,783 (21,400 ) Reno, Nevada Damonte Ranch Distribution Center 3 (d) 8,764 36,766 1,317 8,764 38,083 46,847 (6,238 ) 2012, 2014 Golden Valley Distribution Center 1 940 13,686 4,237 2,415 16,448 18,863 (5,720 ) 2005 Reno Aircenter 1 544 12,292 1,686 544 13,978 14,522 (571 ) 2015 RNO Cargo Center 10_11 2 - 4,265 405 - 4,670 4,670 (1,658 ) 2011 Sage Point Business Park 1 1,705 6,821 457 1,705 7,278 8,983 (368 ) 2015 Stead Distribution Center 1 (d) 1,046 19,330 607 1,046 19,937 20,983 (931 ) 2015 Tahoe-Reno Industrial Center 3 (d) 6,705 30,381 59,889 6,704 90,271 96,975 (8,571 ) 2007, 2015 Vista Industrial Park 6 (d) 5,923 26,807 10,940 5,923 37,747 43,670 (20,665 ) 1994, 2001 Reno, Nevada 18 25,627 150,348 79,538 27,101 228,412 255,513 (44,722 ) San Antonio, Texas Coliseum Distribution Center 2 (d) 1,607 6,548 94 1,607 6,642 8,249 (565 ) 2014 Cornerstone Distribution Center 1 2,173 - 14,823 2,386 14,610 16,996 |
Summary of Significant Accoun30
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
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 (“U.S.”) 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 (“VIEs”), we first consider whether we are the general partner or the limited partner (or the equivalent in such investments that 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 that 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 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 2015 and 2014 have been reclassified to conform to the 2016 financial statement presentation. |
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 revenues 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 U.S. 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 U.S. 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 take part in 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 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 |
Business Combinations | Business Combinations. When we acquire a business or individual operating properties, we allocate the purchase price to the various components of the acquisition based on the fair value of the acquired assets and assumed liabilities, including an allocation to the individual buildings acquired. We generally acquire operating properties that meet the definition of a business and we expense transaction costs as incurred. 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 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 Level 3 inputs (further defined in Fair Value Measurements 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. Lease Intangibles . We determine the portion of the purchase price related to intangible assets and liabilities as follows: • Above and Below Market Leases . We recognize an asset or liability for acquired in-place leases with favorable or unfavorable rents based on our estimate of current market rents of the applicable markets. The value is recorded in either or , as appropriate, and is amortized over the term of the respective leases, including any bargain renewal options, to rental revenues. • Foregone Rent . We calculate the value of the revenue and recovery of costs foregone during a reasonable lease-up period, as if the space was vacant, in each of the applicable markets. The values are recorded in and amortized over the remaining life of the respective leases to amortization expense. • Leasing Commissions. We recognize an asset for leasing commissions upon the acquisition of in-place leases based on our estimate of the cost to lease space in the applicable markets. The value is recorded in and amortized over the remaining life of the respective leases 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 to interest expense over the remaining term of the related debt using the effective interest method. Noncontrolling Interests . 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 estimate fair value of 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 on 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 on 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. Recurring Fair Value Measurements. We estimate the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes as follows: • Debt. We estimate the fair value of our senior notes and exchangeable senior notes for disclosure purposes based on quoted market prices for the same (Level 1) or similar (Level 2) issues when current quoted market prices are available. We estimate the fair value of our credit facilities, term loans, secured mortgage debt and assessment bonds by discounting the future cash flows using rates and borrowing spreads currently available to us (Level 3). • Derivatives. We determine 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 determine 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 base the variable cash payments on an expectation of future interest rates, or forward curves, derived from observable market interest rate curves. We base the fair values of our net investment hedges on the change in the spot rate at the end of the period as compared with 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 consider 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 assess 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. Nonrecurring Fair Value Measurements. Assets measured at fair value on a nonrecurring basis generally consist of real estate assets and investments in and advances to unconsolidated entities that were subject to impairment charges related to our change of intent to sell the investments and through our recoverability analysis discussed below. We estimate fair value based on expected sales prices in the market (Level 2). |
Real Estate 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 repairs and maintenance of 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 transaction costs related to the acquisition of land for future development. We capitalize costs incurred to successfully originate a lease that result 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 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: 5 to 7 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 on leases signed during 2016, based on square feet for all leases, was five years. We assess the carrying values of our respective real estate assets, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. We measure the recoverability of the 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 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 estimate the future undiscounted cash flows and fair value based on our intent as follows: • 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, including anticipated costs to develop; • for real estate properties we intend to sell, including properties currently under development and operating buildings; recoverability is assessed based on proceeds from disposition that are estimated based on future net rental income of the property, expected market capitalization rates and anticipated costs to develop; • for land parcels we intend to sell, recoverability is assessed based on estimated proceeds from disposition; and • 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. |
Assets Held for Sale or Contribution | Assets Held for Sale or Contribution. We classify a property as held for sale or contribution when certain criteria are met, in accordance with GAAP. Assets classified as held for sale are expected to be sold to a third party and assets classified as held for contribution are newly developed assets we intend to contribute to an unconsolidated co-investment venture or to a third party within twelve months. 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 or contribution are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. |
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, including formation costs and net of 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 and accumulated other comprehensive income or loss, distributions received, contributions made 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. |
Derivative Financial Instruments | Derivative Financial Instruments. We may use derivative financial instruments for the purpose of managing foreign currency exchange rate and interest rate risk. 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. On the basis of these factors, we consider the risk of counterparty default to be minimal. We recognize all derivatives at fair value within the line items Other Assets Other Liabilities AOCI Foreign Currency. We primarily manage our foreign currency exposure by borrowing in the currencies in which we invest. In certain circumstances, we may issue 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 in earnings of translation from the fluctuations in exchange rates, we may designate the debt as a nonderivative 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. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the nonderivative financial instruments and net investment hedges in equity in the foreign currency translation component of . These amounts offset the translation adjustments on the underlying net assets of our foreign investments, which we also record in . The foreign currency translation changes of the portion of the nonderivative financial instruments that are not designated as hedges are recorded directly in earnings within the line item in the Consolidated Statements of Income. We recognize ineffectiveness, if any, in earnings at the time the ineffectiveness occurred. 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 earnings of our international subsidiaries, principally in Canada, Europe and Japan. Put option contracts provide us with the option to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to depreciate against the U.S. dollar. Call option contracts create an obligation to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to appreciate against the U.S. dollar. Collar option contracts combine the put and call options into one contract to effectively lock in a range around the rate at which net operating income of our 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 non-hedge designated derivatives are recorded directly in earnings within the line item Foreign Currency and Derivative Gains (Losses), Net We may also use foreign currency forwards designed as cash flow hedges to mitigate foreign currency exchange rate risk associated with payments in a currency that is not the functional currency of our foreign subsidiaries. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the foreign currency forwards cash flow hedges in AOCI 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. 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 10 years or less. 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 Interest Expense AOCI Interest Expense Interest Expense |
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. Costs related to our credit facilities are included in Other Assets and costs related to all our other debt are recorded as a direct reduction of the liability. Costs associated with debt modifications are expensed when incurred. |
Accumulated Other Comprehensive Income (Loss) | AOCI. 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. |
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 interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of each respective consolidated entity. We allocate net income to noncontrolling interests based on the weighted-average ownership interest during the period. The net income that is not attributable to us is reflected in the line item Net Earnings Attributable to Noncontrolling Interests . We do not recognize a gain or loss on transactions with a consolidated entity in which we do not own 100% of the equity, but we reflect the difference in cash received or paid from the noncontrolling interests carrying amount as paid-in-capital. Certain limited partnership interests are exchangeable into our common stock. Common stock issued upon exchange of a holder’s noncontrolling interest is accounted for at the carrying value of the surrendered limited partnership interest. |
Revenue Recognition | Revenue Recognition. Rental Revenues. 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 revenues 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 Revenues. Strategic capital revenues include 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, development, construction, financing, legal and tax services provided. We may also earn incentive returns (called “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 . The fees we earn to develop properties within these ventures are reflected in on a percentage of completion basis. We also earned fees from ventures that we consolidate. Upon consolidation these fees were eliminated from our earnings and the third party share of these fees were recognized as a reduction of Net Earnings Attributable to Noncontrolling Interests. 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 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 generally 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, which include properties we consolidate and those 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 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 U.S., 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 assumed liabilities at the estimated fair value at the date of acquisition. For our taxable subsidiaries, including certain 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 subsequent 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 Income 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 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 (“NOL”) 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 ability to realize 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. New Accounting Standards Adopted In August 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that provides guidance for areas in which there is diversity in how certain cash receipts and payments are presented and classified in the statements of cash flows. The update clarifies the classification methodology within the statements of cash flows for eight specific topics. In 2016, we early adopted the standard in its entirety on a retrospective basis, and we determined that the only clarification to significantly impact us was the classification of distributions received from equity method investments. The update allows for the election to classify distributions received from equity method investments based on either a cumulative earnings approach or a nature of distribution approach. We have elected the nature of distribution approach, in which cash flows generated from the operations of an unconsolidated entity are classified as a return on investment (cash inflow from operating activities) and cash flows that are generated from property sales, debt refinancing or sales of our investments are classified as a return of investment (cash inflow from investing activities). We adopted this approach based on the information available to us to determine the nature of the underlying activity that generated the distributions from unconsolidated entities. As a result of our adoption of this standard, we reclassified $140.6 million and $177.0 million of distributions from our unconsolidated entities into Net Cash Provided by Operating Activities Net Cash Provided by (Used in) Investing Activities In March 2016, the FASB issued an accounting standard update that amends the stock compensation requirements in existing GAAP. The update simplifies certain aspects of accounting for share-based payment transactions, including income tax consequences, statutory tax withholding requirements, forfeitures and classification of taxes paid to a tax authority by us when we withhold shares to cover employee withholding tax payments for certain stock compensation plans in the statements of cash flows. We adopted the standard in its entirety on a retrospective basis in 2016. As a result of our adoption of this standard, we reclassified payments of $12.3 million and $13.0 million from Net Cash Provided by Operating Activities Net Cash Provided by (Used in) Financing Activities In February 2015, the FASB issued an accounting standard update that amends the consolidation requirements in existing GAAP. Under the update, all entities, including limited partnerships and similar legal entities, are now within the scope of consolidation guidance, unless a scope exception applies. We adopted this standard on a modified retrospective basis on January 1, 2016, and the adoption did not have a significant effect on the Consolidated Financial Statements, however the Operating Partnership and certain of our consolidated co-investment ventures now qualify as VIEs under the new guidance, which required additional disclosures. See Note 12 for additional information about our VIEs. New Accounting Standards Issued but not yet Adopted In January 2017, the FASB issued an accounting standard update that clarifies the definition of a business. The update adds further guidance that assists preparers in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. We expect most of our acquisitions of operating properties and portfolios of operating properties to qualify as asset acquisitions under the standard which permits the capitalization of acquisition costs to the basis of the acquired buildings. This standard is effective for periods beginning after December 31, 2017, however we plan to adopt this standard in 2017 for the annual and interim reporting periods beginning after December 31, 2016. We do not expect the adoption to have a significant impact on the Consolidated Financial Statements. In May 2014, the FASB issued an accounting standard 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. We are evaluating each of our revenue streams and related accounting policy under the standard. Rental revenues and recoveries earned from leasing our operating properties will be evaluated with the adoption of the lease accounting standard (discussed below). Our evaluation under the revenue recognition standard also includes sales to third parties and unconsolidated co-investment ventures as well as recurring fees and promotes earned from our co-investment ventures. For sales to third parties, primarily a result of disposition of real estate in exchange for cash with few contingencies, we do not expect the standard to significantly impact the recognition of or accounting for these sales. Due to our continuing involvement through our equity ownership in our unconsolidated co-investment ventures, we are evaluating the accounting for sales to unconsolidated co-investment ventures under the standard. Additionally, while we do not expect changes in the recognition of recurring fees earned from the co-investment ventures, we are evaluating both the timing and measurement of promotes earned from co-investment ventures under the standard that may result in recognizing such fees when they are probable of being earned. The standard is effective for us on January 1, 2018. In addition to the recognition changes discussed above, expanded quantitative and qualitative disclosures regarding revenue recognition will be required for contracts that are subject to the standard. We expect to adopt the standard on a modified retrospective basis. In February 2016, the FASB issued an accounting standard that provides the principles for the recognition, measurement, presentation and disclosure of leases. The accounting for lessors will remain largely unchanged from current GAAP; however, the standard requires that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under existing standards, certain of these costs are capitalizable and therefore this new standard may result in certain of these costs being expensed as incurred after adoption. This standard may also impact the timing, recognition and disclosures related to our rental recoveries from tenants earned from leasing our operating properties. Under the standard, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months, regardless of their lease classification. Based on our real estate leases, we are a lessee on ground leases in certain markets and office space leases. Due to the length of the lease terms of certain ground leases, it is likely they will be classified as finance leases under the standard. At December 31, 2016, we have approximately 90 ground and office space leases that will require us to measure and record a right-of-use asset and a lease liability upon adoption of the standard. Details of our future minimum rental payments under these ground and office space leases are disclosed in Note 4. The standard is effective for us on January 1, 2019. We are assessing the practical expedients available for implementation under the standard. If the practical expedients are elected, we would not be required to reassess (i) whether an expired or existing contract meets the definition of a lease, (ii) the lease classification at the adoption date for expired or existing leases, and (iii) whether costs previously capitalized as initial direct costs would continue to be amortized. The standard will also require new disclosures within the notes accompanying our consolidated financial statements. We will continue to assess the method of adoption and the overall impact the adoption will have on the Consolidated Financial Statements. |
Business Combinations (Tables)
Business Combinations (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Business Acquisition [Line Items] | |
Schedule of Unaudited Pro Forma Financial Information | The following amounts are in thousands, except per share amounts: 2015 2014 Total revenues $ 2,358,643 $ 2,064,724 Net earnings attributable to common stockholders $ 866,753 $ 537,861 Net earnings per share attributable to common stockholders – Basic $ 1.66 $ 1.08 Net earnings per share attributable to common stockholders – Diluted $ 1.65 $ 1.07 |
KTR Capital Partners and Affiliates [Member] | |
Business Acquisition [Line Items] | |
Allocation of Purchase Price | The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 5,441,384 Intangible assets, net of intangible liabilities 332,708 Accounts receivable and other assets 8,062 Debt, including premium (735,172 ) Accounts payable, accrued expenses and other liabilities (56,313 ) Total estimated purchase price 4,990,669 Our venture partner’s share of purchase price (2,253,234 ) Common limited partnership units issued in the Operating Partnership (181,170 ) Prologis share of cash purchase price $ 2,556,265 |
Prologis North American Industrial Fund [Member] | |
Business Acquisition [Line Items] | |
Allocation of Purchase Price | The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 2,658,252 Intangible assets, net of intangible liabilities 138,185 Cash 87,780 Accounts receivable and other assets 5,664 Debt, including premium (1,195,213 ) Accounts payable, accrued expenses and other liabilities (57,655 ) Noncontrolling interests (554,493 ) Total purchase price $ 1,082,520 |
Real Estate (Tables)
Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Real Estate [Abstract] | |
Investments in Real Estate Properties | Investments in real estate properties consisted of the following at December 31 (dollars and square feet in thousands): Square Feet Number of Buildings 2016 2015 2016 2015 2016 2015 Operating properties: Buildings and improvements 331,210 333,830 1,776 1,872 $ 17,905,914 $ 17,861,693 Improved land 6,037,543 5,874,052 Development portfolio, including land costs: Prestabilized 8,256 12,598 29 28 798,233 918,099 Properties under development 19,539 19,630 60 63 633,849 954,804 Land (1) 1,218,904 1,359,794 Other real estate investments (2) 524,887 552,926 Total investments in real estate properties 27,119,330 27,521,368 Less accumulated depreciation 3,758,372 3,274,284 Net investments in real estate properties $ 23,360,958 $ 24,247,084 (1) Included in our investments in real estate at December 31, 2016, and 2015 were 5,892 and 7,404 acres of land, respectively. (2) Included in other real estate investments are: (i) non-logistics real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) infrastructure costs related to projects we are developing on behalf of others; (v) costs related to future development projects, including purchase options on land; and (vi) earnest money deposits associated with potential acquisitions. |
Summary of Properties Acquired | The following table summarizes our acquisitions of properties from third parties for the years ended December 31 (dollars and square feet in thousands): 2016 2015 2014 Number of operating properties 9 52 8 Square feet 1,823 7,375 1,004 Real estate acquisition value (1) $ 411,706 $ 1,042,562 $ 548,201 (1) Value includes the acquisition of 776, 690, and 1,040 acres of land in 2016, 2015 and 2014, respectively. |
Summary of Properties Disposed | The following table summarizes our real estate disposition activity for the years ended December 31 (dollars and square feet in thousands): 2016 2015 2014 Contributions to unconsolidated co-investment ventures Number of properties 35 31 126 Square feet 11,624 8,355 25,247 Net proceeds (1) $ 1,231,878 $ 835,385 $ 1,825,311 Net gains on contributions (1) $ 267,441 $ 148,987 $ 188,268 Dispositions to third parties Number of properties 172 136 145 Square feet 20,360 23,024 19,856 Net proceeds (1) $ 1,760,048 $ 2,352,645 $ 1,365,318 Net gains on dispositions (1) $ 353,668 $ 609,900 $ 336,203 Total net gains on contributions and dispositions $ 621,109 $ 758,887 $ 524,471 Gains on redemptions of investments in co-investment ventures (2) 136,289 - - Gains on revaluation of equity investments upon acquisition of a controlling interest, net (3) - - 201,319 Total gains on dispositions of investments in real estate, net $ 757,398 $ 758,887 $ 725,790 (1) Includes the disposition of land parcels. (2) See Note 5 for more information on these transactions. (3) See Note 3 for more information on this transaction. |
Summary of Minimum Lease Payments on Leases | The following table summarizes our minimum lease payments on leases with lease periods greater than one year for space in our operating properties, pre-stabilized development properties and leases of land subject to ground leases at December 31, 2016 (in thousands): 2017 $ 1,633,990 2018 1,488,049 2019 1,239,683 2020 1,038,305 2021 809,961 Thereafter 2,391,452 Total $ 8,601,440 |
Future Minimum Rental Payments under Non-Cancelable Operating Leases | The following table summarizes our future minimum rental payments under non-cancelable operating leases in effect at December 31, 2016 (in thousands): 2017 $ 30,976 2018 32,035 2019 29,520 2020 28,379 2021 24,480 Thereafter 332,835 Total $ 478,225 |
Unconsolidated Entities (Tables
Unconsolidated Entities (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Schedule Of Equity Method Investments [Line Items] | |
Summary of Investments in and Advances Unconsolidated Entities | The following table summarizes our investments in and advances to our unconsolidated entities at December 31 (in thousands): 2016 2015 Unconsolidated co-investment ventures $ 4,057,524 $ 4,585,427 Other ventures 172,905 170,193 Totals $ 4,230,429 $ 4,755,620 |
Information About Investments in Co-investment Ventures by Property Funds | The following table summarizes our investments in the individual co-investment ventures at December 31 (dollars in thousands): Ownership Percentage Investment in and Advances to Co-Investment Venture 2016 2015 2016 2015 Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”) (1) 14.9 % 22.5 % $ 434,818 $ 689,408 FIBRA Prologis (2) (3) 45.9 % 45.9 % 547,744 569,800 Prologis Brazil Logistics Partners Fund I, L.P. (“Brazil Fund”) and related joint ventures (4) various various 297,300 216,668 Europe Logistics Venture 1, FCP-FIS (“ELV”) (5) (6) 15.0 % 15.0 % 48,289 53,960 Prologis European Logistics Partners Sàrl (“PELP”) (5) 50.0 % 50.0 % 1,623,707 1,762,291 Prologis European Properties Fund II, FCP-FIS (“PEPF II”) 31.2 % 31.3 % 344,200 410,984 Prologis Targeted Europe Logistics Fund, FCP-FIS (“PTELF”) (1) (6) 23.5 % 41.6 % 310,118 480,401 Nippon Prologis REIT, Inc. (“NPR”) (7) (8) 15.1 % 15.1 % 348,570 300,822 Prologis China Logistics Venture I, LP and II, LP (Prologis China Logistics Venture) (5) 15.0 % 15.0 % 102,778 101,093 Totals $ 4,057,524 $ 4,585,427 (1) During 2016, we redeemed a portion of our investment in PTELF and USLF for €275.0 million ($311.1 million) and $300.0 million, respectively, and recorded a gain of $136.3 million, which is included in Gains on the Dispositions of Investments in Real Estate and Revaluation of Equity Investments Upon Acquisition of a Controlling Interest, Net Return of Investment from Unconsolidated Entities (2) At December 31, 2016, we owned 291.1 million units of FIBRA Prologis that had a closing price of Ps 29.69 ($1.44) 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% to 50%. (5) We have one partner in each of these co-investment ventures. (6) In January 2017, we sold our investment in ELV to our fund partner and ELV contributed its properties to PTELF in exchange for equity interests. ( 7 ) At December 31, 2016, we owned 0.3 million units of NPR that Other Liabilities ( 8 ) For any properties we develop and plan to sell in Japan, we have committed to offer those properties to NPR. |
Summary of Amounts Recognized in Consolidated Statements of Income Related to Co-Investment Ventures | The following table summarizes the amounts we recognized in the Consolidated Statements of Income related to the unconsolidated co-investment ventures for the years ended December 31 (in thousands): 2016 2015 2014 Strategic capital revenues and other revenues: U.S. $ 37,911 $ 36,964 $ 81,351 Other Americas 22,777 22,516 13,003 Europe 184,956 112,675 86,487 Asia 46,521 35,453 37,509 Total strategic capital revenues 292,165 207,608 218,350 Development management and other revenues 11,006 7,467 5,424 Total strategic capital revenues and other revenues $ 303,171 $ 215,075 $ 223,774 Earnings from unconsolidated co-investment ventures, net: U.S. $ 10,441 $ 7,124 $ 16,420 Other Americas 27,155 28,842 (7,824 ) Europe 137,652 106,656 108,430 Asia 16,629 12,780 14,022 Total earnings from unconsolidated co-investment ventures, net $ 191,877 $ 155,402 $ 131,048 |
Summary of Promotes Earned and Recognized in Strategic Capital Revenues | The following table summarizes the promotes earned and recognized in Strategic Capital Revenues 2016 2015 2014 Strategic capital – promote revenues Total promote (1) $ 99,766 $ 56,637 $ 42,132 Less: Prologis’ share 11,222 27,175 10,852 Net promote recognized (third-party share) in strategic capital revenues $ 88,544 $ 29,462 $ 31,280 (1) We earned promotes from PTELF and PEPF II in 2016, PELP and ELV in 2015 and USLF in 2014, each based on the venture’s cumulative returns to the investors over the last three years. |
Summary of Remaining Equity Commitments | The following table summarizes the remaining equity commitments at December 31, 2016 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 180 $ 180 2017 Prologis Targeted Europe Logistics Fund (1) - 243 243 2017 Prologis China Logistics Venture 294 1,665 1,959 2017 Total $ 294 $ 2,088 $ 2,382 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.05 U.S. dollars to the euro. |
Unconsolidated Co-Investment Ventures [Member] | |
Schedule Of Equity Method Investments [Line Items] | |
Summary of Investments in and Advances Unconsolidated Entities | The following tables summarize the operating information and financial position of our unconsolidated co-investment ventures (not our proportionate share), at December 31 and for the years ended December 31 as presented at our adjusted basis derived from the ventures’ GAAP information: (dollars and square feet in millions) 2016 2015 2014 U.S.: Number of ventures 1 1 1 Number of properties owned 369 391 392 Square feet 50 50 50 Total assets $ 4,238 $ 4,408 $ 4,403 Third-party debt $ 1,414 $ 1,433 $ 1,594 Total liabilities $ 1,540 $ 1,550 $ 1,697 Our investment balance (1) $ 435 $ 690 $ 712 Our weighted average ownership (2) 14.9 % 22.5 % 24.3 % Other Americas: Number of ventures 2 2 2 Number of properties owned 213 205 198 Square feet 42 39 37 Total assets $ 2,793 $ 2,482 $ 2,653 Third-party debt $ 739 $ 657 $ 679 Total liabilities $ 814 $ 708 $ 717 Our investment balance (1) $ 845 $ 786 $ 825 Our weighted average ownership (2) 43.9 % 43.8 % 42.9 % Europe: Number of ventures 4 4 4 Number of properties owned 700 688 636 Square feet 163 159 148 Total assets $ 10,853 $ 11,343 $ 11,440 Third-party debt $ 2,446 $ 2,640 $ 2,621 Total liabilities $ 3,283 $ 3,584 $ 3,501 Our investment balance (1) $ 2,327 $ 2,707 $ 2,773 Our weighted average ownership (2) 35.1 % 38.9 % 38.8 % Asia: Number of ventures 2 2 2 Number of properties owned 85 66 52 Square feet 36 29 26 Total assets $ 5,173 $ 4,320 $ 4,120 Third-party debt $ 1,947 $ 1,520 $ 1,637 Total liabilities $ 2,239 $ 1,751 $ 1,734 Our investment balance (1) $ 451 $ 402 $ 356 Our weighted average ownership (2) 15.1 % 15.0 % 15.0 % Totals: Number of ventures 9 9 9 Number of properties owned 1,367 1,350 1,278 Square feet 291 277 261 Total assets $ 23,057 $ 22,553 $ 22,616 Third-party debt $ 6,546 $ 6,250 $ 6,531 Total liabilities $ 7,876 $ 7,593 $ 7,649 Our investment balance (1) $ 4,058 $ 4,585 $ 4,666 Our weighted average ownership (2) 27.9 % 31.6 % 32.0 % (in millions) 2016 2015 2014 (3) Revenues: U.S. $ 395 $ 382 $ 541 Other Americas 242 228 170 Europe 964 947 1,001 Asia: 342 275 280 Total revenues $ 1,943 $ 1,832 $ 1,992 Net earnings: U.S. $ 57 $ 35 $ 55 Other Americas 71 78 (1 ) Europe 333 261 268 Asia 101 77 86 Total net earnings $ 562 $ 451 $ 408 (1) The difference between our ownership interest of a venture’s equity and our investment balance at December 31, 2016, 2015 and 2014, results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($469.9 million, $430.7 million and $322.9 million, respectively); (ii) recording additional costs associated with our investment in the venture ($124.1 million, $122.1 million and $117.5 million respectively); and (iii) advances to a venture ($166.1 million, $189.7 million and $125.7 million, respectively). (2) Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. (3 ) We had significant activity with our U.S. and Other Americas unconsolidated co-investment ventures in 2014 as explained in Notes 3 and 4. We began consolidating NAIF in 2014. We formed and invested in FIBRA Prologis in 2014 and in connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. |
Assets Held for Sale or Contr34
Assets Held for Sale or Contribution (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Real Estate Assets Held For Development And Sale [Abstract] | |
Summary of Assets Held for Sale or Contribution | Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): 2016 2015 Number of operating properties 13 17 Square feet 4,167 5,065 Total assets held for sale or contribution $ 322,139 $ 378,423 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 4,984 $ 6,874 |
Notes Receivable Backed by Re35
Notes Receivable Backed by Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Summary of Notes Receivable Backed by Real Estate | The following table summarizes information about our notes receivable backed by real estate (dollars in thousands): Balance Outstanding Interest Rates Maturity Dates Balance at January 1, 2016 $ 235,050 2.0% – 10.0% February 2016 – April 2017 Additions - Repayments (202,950 ) Balance at December 31, 2016 $ 32,100 5.8% – 10.0% April 2017 – December 2017 |
Other Assets and Other Liabil36
Other Assets and Other Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Text Block [Abstract] | |
Schedule of Amortization Expense and Rental Revenues | Amortization Expense Net (Increase) Decrease to Rental Revenues 2017 $ 135,263 $ (24,939 ) 2018 98,435 25,795 2019 76,315 40,306 2020 59,969 46,465 2021 44,137 41,831 Thereafter 106,325 158,943 Totals $ 520,444 $ 288,401 |
Schedule of Other Assets | The following table summarizes our other assets, net of amortization and depreciation, if applicable, at December 31 (in thousands): 2016 2015 Leasing commissions $ 286,821 $ 229,645 Rent leveling 285,824 226,239 Acquired lease intangibles 267,907 433,949 Prepaid assets 120,361 107,000 Accounts receivable 110,918 89,611 Fixed assets 102,830 94,178 Value added taxes receivable 94,713 86,115 Derivative assets 47,114 53,579 Management contracts 41,993 46,293 Other notes receivable 35,824 41,262 Deferred income taxes 14,052 14,650 Other 88,633 91,989 Totals $ 1,496,990 $ 1,514,510 |
Schedule of Other Liabilities | The following table summarizes our other liabilities, net of amortization, if applicable, at December 31 (in thousands): 2016 2015 Tenant security deposits $ 206,301 $ 190,160 Unearned rents 90,233 77,730 Income tax liabilities 68,666 81,125 Acquired lease intangibles 31,707 55,976 Environmental liabilities 24,572 21,484 Deferred income 21,629 29,197 Value added taxes payable 15,888 10,272 Derivative liabilities 1,268 13,729 Other 167,055 154,702 Totals $ 627,319 $ 634,375 |
Debt (Tables)
Debt (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Debt Instrument [Line Items] | |
Debt Summary | The following table summarizes our debt at December 31 (dollars in thousands): 2016 2015 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding Credit facilities 1.0 % $ 35,023 - $ - Senior notes (3) 3.3 % 6,417,492 3.3 % 6,516,392 Term loans 1.4 % 1,484,523 2.1 % 2,100,009 Unsecured other (4) 6.1 % 14,478 6.2 % 15,448 Secured mortgages (5) 4.9 % 979,585 5.1 % 1,172,473 Secured mortgages of consolidated entities (6) 3.0 % 1,677,193 2.9 % 1,822,509 Totals 3.2 % $ 10,608,294 3.2 % $ 11,626,831 (1) The interest rates presented represent the effective interest rates (including amortization of debt issuance costs and the noncash premiums or discounts) at the end of the period for the debt outstanding. (2) Included in the outstanding balances are borrowings denominated in non-U.S. dollars, principally: euro ($3.3 billion), Japanese yen ($1.3 billion), Canadian dollars ($0.4 billion) and British pound sterling ($0.2 billion). (3) Notes are due January 2018 to June 2026 with effective interest rates ranging from 1.5% to 7.6% at December 31, 2016. (4) The balance at December 31, 2016, represents primarily assessment bonds that are due November 2019 to September 2033 with effective interest rates ranging from 4.5% to 7.9%. 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 $737.4 million at December 31, 2016. (5) Debt is due May 2018 to December 2025 with effective interest rates ranging from 0.4% to 7.8% at December 31, 2016. The debt is secured by 145 real estate properties with an aggregate undepreciated cost of $2.4 billion at December 31, 2016. (6) Debt is due July 2017 to December 2027 with effective interest rates ranging from 2.4% to 5.3% at December 31, 2016. The debt is secured by 208 real estate properties with an aggregate undepreciated cost of $3.0 billion at December 31, 2016. |
Credit Facilities | The following table summarizes information about our Credit Facilities (dollars in millions): 2016 2015 2014 For the years ended December 31: Weighted average daily interest rate 1.4 % 1.1 % 1.1 % Weighted average daily borrowings $ 128 $ 261 $ 182 Maximum borrowings outstanding at any month-end $ 307 $ 942 $ 742 At December 31: Aggregate lender – commitments $ 3,306 $ 2,662 $ 2,742 Less: Borrowings outstanding 35 - - Outstanding letters of credit 36 32 35 Current availability $ 3,235 $ 2,630 $ 2,707 |
Long-Term Debt Maturities | Principal payments due on our debt, for each year through the period ending December 31, 2026, and thereafter were as follows at December 31, 2016 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Debt Total 2017 (1) (2) $ - $ - $ 194,150 $ 428,196 $ 622,346 2018 35,023 175,000 961 570,291 781,275 2019 - 618,294 1,084 446,360 1,065,738 2020 - 831,071 1,190 428,725 1,260,986 2021 - 1,237,871 1,012 141,548 1,380,431 2022 - 737,870 427,886 163,172 1,328,928 2023 - 850,000 874,916 174,624 1,899,540 2024 - 737,870 911 133,308 872,089 2025 - 750,000 976 134,727 885,703 2026 - 527,050 696 1,223 528,969 Thereafter - - 5,368 1,161 6,529 Subtotal 35,023 6,465,026 1,509,150 2,623,335 10,632,534 Premiums (discounts), net - (19,573 ) - 43,286 23,713 Debt issuance costs, net - (27,961 ) (10,149 ) (9,843 ) (47,953 ) Totals $ 35,023 $ 6,417,492 $ 1,499,001 $ 2,656,778 $ 10,608,294 (1) We expect to repay the amounts maturing in 2017 with cash generated from operations, proceeds from dispositions of wholly owned real estate properties, or as necessary, with borrowings on our Credit Facilities. (2) Included in 2017 maturities is the Euro Term Loan that can be extended until 2019. |
Interest Expense | The following table summarizes the components of interest expense for the years ended December 31 (in thousands): 2016 2015 2014 Gross interest expense $ 383,098 $ 394,012 $ 377,666 Amortization of premium, net (30,596 ) (45,253 ) (21,440 ) Amortization of debt issuance costs 15,459 13,412 14,116 Interest expense before capitalization $ 367,961 $ 362,171 $ 370,342 Capitalized amounts (64,815 ) (60,808 ) (61,457 ) Net interest expense $ 303,146 $ 301,363 $ 308,885 Total cash paid for interest, net of amounts capitalized $ 322,442 $ 345,916 $ 258,441 |
Activity Related to Repurchase of Debt and Net Loss on Early Extinguishment of Debt | The following table summarizes the activity related to the repurchase of debt and net loss on early extinguishment of debt for the years ending December 31 (in millions): 2015 2014 Senior notes: Original principal amount $ 709.7 $ 1,290.4 Cash purchase price $ 789.0 $ 1,460.3 Term loans: Original principal amount $ 600.0 $ - Cash repayment price $ 600.0 $ - Secured mortgage debt: Original principal amount $ 571.5 $ 528.0 Cash repayment price $ 595.5 $ 531.2 Total: Original principal amount $ 1,881.2 $ 1,818.4 Cash purchase / repayment price $ 1,984.5 $ 1,991.5 Losses on early extinguishment of debt $ 86.3 $ 165.3 |
Senior Notes [Member] | |
Debt Instrument [Line Items] | |
Schedule of Debt | During the years ended December 31 we issued the following senior notes (dollars and euros in thousands): Principal Amount Stated Interest Rate Effective Interest Rate Maturity Date 2015 May 2015 (1) € 700,000 $ 785,470 1.4% 1.5% May 2021 October 2015 $ 750,000 3.8% 4.0% November 2025 2014 February 2014 (1) € 700,000 $ 959,420 3.4% 3.5% February 2024 June 2014 (1) € 500,000 $ 680,550 3.0% 3.1% June 2026 October 2014 (1) € 600,000 $ 756,420 1.4% 1.4% October 2020 (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. |
Term Loans [Member] | |
Debt Instrument [Line Items] | |
Schedule of Debt | The following table summarizes our outstanding term loans at December 31 (dollars and borrowing currency in thousands): Term Loan Borrowing Currency Initial Borrowing Date Lender Commitment at 2016 Amount Outstanding at 2016 Amount Outstanding at 2015 Interest Rate Maturity Date Borrowing Currency USD USD USD 2014 Yen Term Loan (1) JPY May 2014 $ - $ 339,858 LIBOR plus 1.20% Euro Term Loan (2) USD, EUR, JPY and GBP June 2014 € 500,000 $ 525,000 193,293 561,879 LIBOR plus 0.98% June 2017 Senior Term Loan (3) USD May 2015 - 400,000 LIBOR plus 1.00% 2015 Yen Term Loan (1) JPY June 2015 - 539,906 LIBOR plus 1.10% 2015 Canadian Term Loan CAD December 2015 $ 371,925 $ 276,322 276,322 267,872 CDOR rate plus 1.50% February 2023 Yen Term Loan (1) JPY August 2016 ¥ 120,000,000 $ 1,025,057 1,025,057 - Yen LIBOR plus 0.65% August 2022 and 2023 Subtotal 1,494,672 2,109,515 Debt issuance costs, net (10,149 ) (9,506 ) Totals $ 1,484,523 $ 2,100,009 (1) In March 2016, we entered into an unsecured senior term loan agreement under which we could draw in Japanese yen and borrowed ¥11.2 billion ($99.5 million). In August 2016, we entered into a separate unsecured senior term loan agreement (the “Yen Term Loan”) under which we can draw in Japanese yen, of which ¥50.0 billion ($427.1 million at December 31, 2016) matures in August 2022 and ¥70.0 billion ($597.9 million at December 31, 2016) matures in August 2023. We may increase the borrowings up to ¥200.0 billion ($1.7 billion at December 31, 2016), subject to obtaining additional lender commitments. In the third quarter of 2016, we borrowed on the Yen Term Loan ($1.2 billion) and used the proceeds to repay and cancel the previous outstanding Japanese yen term loans entered into in 2014 and 2015 and 2016. The Yen Term Loan was fully drawn at December 31, 2016. (2) We may increase the borrowings up to €1.0 billion ($1.1 billion at December 31, 2016), subject to obtaining additional lender commitments. We may pay down and reborrow on this term loan. We may extend the maturity date twice, by one year each, subject to the satisfaction of certain conditions and payment of an extension fee. (3) We entered into the Senior Term Loan in connection with the KTR transaction and initially borrowed $1.0 billion. During 2016, we paid down the remaining balance and cancelled Senior Term Loan. |
Stockholders' Equity of Prolo38
Stockholders' Equity of Prologis, Inc. (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Summary of Taxability of Common and Preferred Stock Dividends | In 2016, 2015 and 2014, 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: 2016 (1) 2015 2014 Common Stock: Ordinary income $ 0.60 $ 0.36 $ 0.29 Qualified dividend 0.15 0.08 0.41 Capital gains 0.93 1.08 0.62 Total distribution $ 1.68 $ 1.52 $ 1.32 Preferred Stock – Series Q: Ordinary income $ 2.02 $ 0.77 $ 0.71 Qualified dividend 0.29 0.62 1.01 Capital gains 1.96 2.88 2.55 Total dividend $ 4.27 $ 4.27 $ 4.27 (1) Taxability for 2016 is estimated. |
Noncontrolling Interests (Table
Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Noncontrolling Interest [Abstract] | |
Summary of Ownership Percentages and Noncontrolling Interests | The following table summarizes our ownership percentages and noncontrolling interests and the consolidated entities’ total assets and total liabilities at December 31 (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities 2016 2015 2016 2015 2016 2015 2016 2015 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 2,424,800 $ 2,677,642 $ 6,201,278 $ 6,788,968 $ 797,593 $ 847,084 Prologis North American Industrial Fund (1) 66.1 % 66.1 % 486,648 490,444 2,479,072 2,619,241 1,038,708 1,165,617 Prologis Brazil Logistics Partners Fund I (1) (2) 50.0 % 50.0 % 61,836 49,313 131,581 100,836 720 192 Other consolidated entities (3) various various 99,185 102,828 866,821 985,188 34,073 42,811 Prologis, L.P. noncontrolling interests 3,072,469 3,320,227 9,678,752 10,494,233 1,871,094 2,055,704 Limited partners in Prologis, L.P. (4) (5) 394,590 432,674 - - - - Prologis, Inc. noncontrolling interests $ 3,467,059 $ 3,752,901 $ 9,678,752 $ 10,494,233 $ 1,871,094 $ 2,055,704 (1 ) These ventures are considered VIE’s under the new consolidation guidance discussed in Note 2. Based on our evaluation, the noncontrolling interests in these ventures do not hold substantive participating or kick-out rights and therefore as a group they lack the power to direct the significant activities of these ventures that most significantly impact the venture’s economic performance. We have both the power to direct the significant activities and the obligation to absorb losses and the rights to receive benefits from these ventures. As a result, we are the primary beneficiary of both ventures and consistent with prior reporting periods, we consolidate each venture within our financial statements. (2 ) The assets of the Brazil Fund are primarily investments in unconsolidated entities of $113.1 million and $103.1 million at December 31, 2016 and 2015, respectively. For additional information on our unconsolidated investments, see Note 5. (3 ) This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At December 31, 2016 and 2015, limited partnership units were exchangeable into cash or, at our option, 1.8 million shares of the Parent’s common stock. In 2015, 52 thousand limited partnership units were redeemed for cash of $3.2 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. (4 ) We had 8.9 million of Class A Units that were convertible into 8.7 million and 8.8 million common limited partnership units of the Operating Partnership at December 31, 2016 and 2015, respectively. They were issued in the fourth quarter of 2015. See Note 11 for further discussion of our Class A Units. (5 ) At December 31, 2016 and 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 4.6 million and 6.4 million shares of the Parent’s common stock with a fair value of $241.8 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2015, we issued 4.7 million common limited partnership units in the Operating Partnership, principally in connection with the KTR transaction, and in 2016 unitholders exchanged 1.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $52.2 million. At December 31, 2016 and 2015, there were 2.2 million and 1.2 million LTIP Units (as defined in Note 13) outstanding, respectively, associated with our long-term compensation plan that are exchangeable into common units of the Operating Partnership and redeemable into the Parent’s common stock after they vest and other applicable conditions are met. 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. |
Long-Term Compensation (Tables)
Long-Term Compensation (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options Granted Assumptions Using Monte Carlo Valuation Model | The following table details the assumptions using a Monte Carlo valuation model of each grant based on the year it was granted (dollars in thousands): 2016 2015 2014 Risk free interest rate 0.99 % 0.86 % 0.67 % Expected volatility 20.5 % 28.0 % 38.0 % Aggregate fair value $ 26,600 $ 26,500 $ 23,100 |
RSU and PSA [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options, RSU and Performance Share Awards | The following table summarizes the activity for RSUs for the year ended December 31, 2016 (units in thousands): Number of RSUs Weighted Average Grant-Date Fair Value Number of RSUs Vested Balance at January 1, 2016 1,626 $ 42.21 109 Granted 843 38.53 Vested and distributed (807 ) 41.70 Forfeited (45 ) 41.08 Balance at December 31, 2016 1,617 $ 40.58 125 |
LTIP Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options, RSU and Performance Share Awards | The following table summarizes the activity for LTIP Units for the year ended December 31, 2016 (units in thousands): Number of LTIP Units Weighted Average Grant-Date Fair Value Number of LTIP Units Vested Balance at January 1, 2016 1,244 $ 42.21 303 Granted 975 39.01 Balance at December 31, 2016 2,219 $ 40.81 743 |
POP LTIP Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options, RSU and Performance Share Awards | The following table summarizes the activity for the POP LTIP Units for the year ended December 31, 2016 (units in thousands): Number of POP LTIP Units Balance at January 1, 2016 3,464 Granted 953 Forfeited (927 ) Balance at December 31, 2016 3,490 |
Prologis Promote Plan [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Summary of Equity Awards Granted | The following table details the equity awards granted under the PPP for the year ended December 31 (in thousands): 2016 2015 2014 RSUs granted 77 - 57 Grant date fair value of RSUs granted $ 4,126 $ - $ 2,327 LTIP Units granted 197 - 113 Grant date fair value of LTIP Units granted $ 8,984 $ - $ 4,692 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Components of Earnings Before Income Taxes | The following table summarizes the components of earnings before income taxes for the years ended December 31 (in thousands): 2016 2015 2014 Domestic $ 719,018 $ 511,025 $ 390,874 International 628,086 437,580 322,754 Earnings before income taxes $ 1,347,104 $ 948,605 $ 713,628 |
Components of Provision for Income Tax | The following table summarizes the components of the provision for income taxes for the years ended December 31 (in thousands): 2016 2015 2014 Current income tax expense (benefit): U.S. federal $ 7,153 $ (11,633 ) $ (6,585 ) International 38,493 27,494 52,155 State and local 14,443 12,286 16,014 Total current tax expense 60,089 28,147 61,584 Deferred income tax expense (benefit): U.S. federal (3,306 ) (810 ) (27,374 ) International (2,219 ) (4,247 ) (59,866 ) Total deferred tax benefit (5,525 ) (5,057 ) (87,240 ) Total income tax expense (benefit) $ 54,564 $ 23,090 $ (25,656 ) |
Deferred Income Tax Assets and Liabilities | The following table summarizes the deferred income tax assets and liabilities at December 31 (in thousands): 2016 2015 Gross deferred income tax assets: Net operating loss carryforwards (1) $ 350,909 $ 321,144 Basis difference – real estate properties 56,827 89,856 Basis difference – equity investments and intangibles 4,666 15,593 Section 163(j) interest limitation 40,766 32,684 Capital loss carryforward 25,145 25,282 Other – temporary differences 5,578 8,993 Total gross deferred income tax assets 483,891 493,552 Valuation allowance (456,699 ) (467,440 ) Gross deferred income tax assets, net of valuation allowance 27,192 26,112 Gross deferred income tax liabilities: Basis difference – real estate properties 70,914 82,160 Basis difference – equity investments and intangibles 6,864 6,170 Other – temporary differences 1,028 993 Total gross deferred income tax liabilities 78,806 89,323 Net deferred income tax liabilities $ 51,614 $ 63,211 (1) At December 31, 2016, we had NOL carryforwards as follows (in thousands): U.S. Europe Mexico Japan Other Gross NOL carryforward $ 97,565 $ 640,431 $ 371,284 $ 115,154 $ 48,318 Tax-effected NOL carryforward 36,597 162,067 117,633 23,001 11,611 Valuation allowance (36,597 ) (146,684 ) (117,633 ) (23,001 ) (11,611 ) Net deferred tax asset – NOL carryforward $ - $ 15,383 $ - $ - $ - Expiration periods 2023 – 2036 2017 – indefinite 2017 – 2027 2017 – 2025 2017 – indefinite |
Earnings Per Common Share or 42
Earnings Per Common Share or Unit (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings Per Share Unit | The computation of our basic and diluted earnings per share and unit for the years ended December 31 (in thousands, except per share and unit amounts) is as follows: Prologis, Inc. 2016 2015 2014 Net earnings attributable to common stockholders – Basic $ 1,203,218 $ 862,788 $ 622,235 Net earnings attributable to exchangeable limited partnership units (1) 37,079 13,120 3,636 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - (1,614 ) - Adjusted net earnings attributable to common stockholders – Diluted $ 1,240,297 $ 874,294 $ 625,871 Weighted average common shares outstanding – Basic 526,103 521,241 499,583 Incremental weighted average effect on exchange of limited partnership units (1) 16,833 8,569 3,501 Incremental weighted average effect of equity awards and warrant 3,730 1,961 3,307 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - 2,173 - Weighted average common shares outstanding – Diluted (3) 546,666 533,944 506,391 Net earnings per share attributable to common stockholders: Basic $ 2.29 $ 1.66 $ 1.25 Diluted $ 2.27 $ 1.64 $ 1.24 Prologis, L.P. 2016 2015 2014 Net earnings attributable to common unitholders $ 1,237,519 $ 873,914 $ 624,436 Net earnings attributable to Class A convertible common unitholders (20,069 ) (3,393 ) - Net earnings attributable to common unitholders – Basic $ 1,217,450 $ 870,521 $ 624,436 Net earnings attributable to Class A convertible common unitholders 20,069 3,393 - Net earnings attributable to exchangeable limited partnership units 2,778 1,994 1,435 Gain, net of expenses, associated with exchangeable debt assumed exchanged (2) - (1,614 ) - Adjusted net earnings attributable to common unitholders – Diluted $ 1,240,297 $ 874,294 $ 625,871 Weighted average common partnership units outstanding – Basic 532,326 525,912 501,349 Incremental weighted average effect on exchange of Class A convertible units 8,775 2,050 - Incremental weighted average effect on exchange of limited partnership units 1,835 1,848 1,735 Incremental weighted average effect of equity awards and warrant of Prologis, Inc. 3,730 1,961 3,307 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - 2,173 - Weighted average common partnership units outstanding – Diluted (3) 546,666 533,944 506,391 Net earnings per unit attributable to common unitholders: Basic $ 2.29 $ 1.66 $ 1.25 Diluted $ 2.27 $ 1.64 $ 1.24 (1) Earnings allocated to the exchangeable Operating Partnership units not held by the Parent have 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 as the per share and unit amount is the same. (2) In March 2015, the exchangeable debt was settled primarily through the issuance of common stock. The adjustment in 2015 assumes the exchange occurred on January 1, 2015. (3 ) Our total potentially dilutive shares and units outstanding consisted of the following: 2016 2015 2014 Total weighted average potentially dilutive limited partnership units 10,610 3,898 1,932 Total potentially dilutive stock awards 8,444 7,299 14,366 Total weighted average potentially dilutive shares and units from exchangeable debt - 2,173 11,879 Total Prologis, L.P. 19,054 13,370 28,177 Limited partners in Prologis, L.P. 6,223 4,671 1,766 Total Prologis, Inc. 25,277 18,041 29,943 |
Financial Instruments and Fai43
Financial Instruments and Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Schedule of Fair Value and Classification of Derivative Instruments | The following table presents the fair value and classification of our derivative instruments at December 31 (in thousands): 2016 2015 Asset Liability Asset Liability Net investment hedges Canadian dollar denominated $ 1,245 $ - $ - $ - Pound sterling denominated 7,439 - 33,471 - Forwards and options Euro denominated (1) 10,933 - 11,711 84 Pound sterling denominated (1) 16,985 - 4,241 745 Yen denominated (1) 9,246 1,071 832 717 Other (1) 831 197 3,324 88 Interest rate hedges 435 - - 12,095 Total fair value of derivatives $ 47,114 $ 1,268 $ 53,579 $ 13,729 (1) As discussed in Note 2, these foreign currency contracts are not designated as hedges, with the exception of cash flow hedges denominated in pesos, which matured in 2016. |
Foreign Currency Contracts Activity | The following tables summarize the activity in our foreign currency contracts for the years ended December 31 (in millions, except for weighted average forward rates and number of active contracts): 2016 Foreign Currency Contracts Net Investment Hedges Forwards and Options Local Currency CAD GBP JPY EUR GBP JPY Other Notional amounts at January 1 $ - £ 238 ¥ - € 275 £ 97 ¥ 12,840 New contracts 133 90 11,189 369 - 15,460 Matured, expired or settled contracts - (297 ) (11,189 ) (470 ) (49 ) (12,800 ) Notional amounts at December 31 $ 133 £ 31 ¥ - € 174 £ 48 ¥ 15,500 Foreign Currency Contracts U.S. Dollar Net Investment Hedges Forwards and Options (1) Notional amounts at January 1 $ - $ 386 $ - $ 310 $ 148 $ 109 $ 50 New contracts 100 131 99 413 - 146 15 Matured, expired or settled contracts - (471 ) (99 ) (526 ) (70 ) (111 ) (27 ) Notional amounts at December 31 $ 100 $ 46 $ - $ 197 $ 78 $ 144 $ 38 Weighted average forward rate at December 31 1.33 1.51 - 1.13 1.54 107.68 Active contracts at December 31 2 2 - 24 8 30 16 2015 Foreign Currency Contracts Net Investment Hedges Forwards and Options Local Currency CAD EUR GBP JPY EUR GBP JPY Other Notional amounts at January 1 $ - € 300 £ 238 ¥ 24,136 € 284 £ - ¥ - New contracts 394 - 118 43,373 333 199 18,740 Matured, expired or settled contracts (394 ) (300 ) (118 ) (67,509 ) (342 ) (102 ) (5,900 ) Notional amounts at December 31 $ - € - £ 238 ¥ - € 275 £ 97 ¥ 12,840 Foreign Currency Contracts U.S. Dollar Net Investment Hedges Forwards and Options (1) Notional amounts at January 1 $ - $ 400 $ 400 $ 250 $ 354 $ - $ - $ - New contracts 298 - 186 353 375 300 159 71 Matured, expired or settled contracts (298 ) (400 ) (200 ) (603 ) (419 ) (152 ) (50 ) (21 ) Notional amounts at December 31 $ - $ - $ 386 $ - $ 310 $ 148 $ 109 $ 50 2014 Foreign Currency Contracts Net Investment Hedges Forwards and Options Local Currency EUR GBP JPY EUR Notional amounts at January 1 € 600 £ - ¥ 24,136 € - New contracts 1,746 238 79,010 365 Matured, expired or settled contracts (2,046 ) - (79,010 ) (81 ) Notional amounts at December 31 € 300 £ 238 ¥ 24,136 € 284 Foreign Currency Contracts U.S. Dollar Net Investment Hedges Forwards and Options (1) Notional amounts at January 1 $ 800 $ - $ 250 $ - New contracts 2,354 400 769 464 Matured, expired or settled contracts (2,754 ) - (769 ) (110 ) Notional amounts at December 31 $ 400 $ 400 $ 250 $ 354 (1) During 2016, 2015 and 2014, we exercised 49, 32 and 3 option contracts and realized gains of $3.0 million, $14.6 million and $1.1 million, respectively, in Foreign Currency and Derivative Gains (Losses), Net |
Summary of Activity in Interest Rate Swaps | The following table summarizes the activity in our interest rate swaps for the years ended December 31 (in millions): 2016 (1) 2015 2014 Notional amounts at January 1 $ 1,196 $ 398 $ 71 New contracts - 1,158 398 Matured, expired or settled contracts (925 ) (360 ) (71 ) Notional amounts at December 31 $ 271 $ 1,196 $ 398 (1) We had three interest rate swaps hedges outstanding at December 31, 2016. |
Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income | The following table presents the gains and (losses) associated with the change in fair value for the effective portion of our derivative and nonderivative hedging instruments included in Other Comprehensive Income 2016 2015 2014 Derivative net investment hedges (1) $ 55,460 $ 63,934 $ 122,164 Interest rate and cash flow hedges (2) (551 ) (21,714 ) (804 ) Our share of derivatives from unconsolidated co-investment ventures (798 ) 4,257 (5,694 ) Total derivative instruments 54,111 46,477 115,666 Nonderivative net investment hedges (3) 112,591 321,148 321,196 Total derivative and nonderivative hedging instruments $ 166,702 $ 367,625 $ 436,862 (1) We received $79.8 million, $128.2 million and $13.0 million for the years ended December 31, 2016, 2015 and 2014, respectively, on the settlement of net investment hedges. (2) The amount reclassified to interest expense was $5.5 million for 2016 and for 2015 and 2014 the amounts were not considered significant. For the next 12 months from December 31, 2016, we estimate an additional expense of $5.4 million will be reclassified to Interest Expense (3) At December 31, 2016, 2015 and 2014, we had €3.2 billion ($3.4 billion), €3.2 billion ($3.5 billion) and €2.5 million ($3.0 billion) of debt, net of accrued interest, respectively, designated as nonderivative 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 nonderivative financial instrument hedge at December 31, 2014. We recognized unrealized gains of $10.0 million and $7.7 million in Foreign Currency and Derivative Gains (Losses), Net |
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): 2016 2015 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 35,023 $ 35,061 $ - $ - Senior notes 6,417,492 6,935,485 6,516,392 6,801,118 Term loans and unsecured other 1,499,001 1,510,661 2,115,457 2,128,270 Secured mortgages 979,585 1,055,020 1,172,473 1,262,778 Secured mortgages of consolidated entities 1,677,193 1,683,489 1,822,509 1,825,361 Total debt $ 10,608,294 $ 11,219,716 $ 11,626,831 $ 12,017,527 |
Business Segments (Tables)
Business Segments (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Segment Reporting [Abstract] | |
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets | The following reconciliations are presented in thousands: Years Ended December 31, 2016 2015 2014 Revenues: Real estate operations: U.S. $ 2,040,308 $ 1,801,858 $ 1,306,194 Other Americas 58,541 57,535 97,370 Europe 76,759 69,527 74,413 Asia 62,975 57,792 62,939 Total Real Estate Operations segment 2,238,583 1,986,712 1,540,916 Strategic capital: U.S. 39,360 39,396 84,178 Other Americas 22,777 22,288 10,990 Europe 185,495 112,793 86,549 Asia 46,920 35,885 38,154 Total Strategic Capital segment 294,552 210,362 219,871 Total revenues $ 2,533,135 $ 2,197,074 $ 1,760,787 Segment net operating income: Real estate operations: U.S. $ 1,520,571 $ 1,256,188 $ 932,151 Other Americas 38,136 38,280 69,120 Europe 55,563 39,672 40,627 Asia 41,114 41,692 45,262 Total Real Estate Operations segment 1,655,384 1,375,832 1,087,160 Strategic capital: U.S. (1,622 ) (1,925 ) 38,101 Other Americas 12,755 13,277 1,911 Europe 142,975 86,264 56,869 Asia 11,938 4,324 7,560 Total Strategic Capital segment 166,046 101,940 104,441 Total segment net operating income 1,821,430 1,477,772 1,191,601 Reconciling items: General and administrative expenses 222,067 217,227 229,332 Depreciation and amortization expenses 930,985 880,373 642,461 Operating income 668,378 380,172 319,808 Earnings from unconsolidated entities, net 206,307 159,262 134,288 Interest expense (303,146 ) (301,363 ) (308,885 ) Interest and other income, net 8,101 25,484 25,768 Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 757,398 758,887 725,790 Foreign currency and derivative gains (losses), net 7,582 12,466 (17,841 ) Gains (losses) on early extinguishment of debt, net 2,484 (86,303 ) (165,300 ) Earnings before income taxes $ 1,347,104 $ 948,605 $ 713,628 December 31, 2016 2015 Assets: Real estate operations: U.S. $ 21,286,422 $ 22,030,457 Other Americas 978,476 919,381 Europe 1,346,589 1,291,991 Asia 936,462 1,157,401 Total Real Estate Operations segment 24,547,949 25,399,230 Strategic capital (1): U.S. 18,090 19,363 Europe 47,635 49,960 Asia 1,301 2,005 Total Strategic Capital segment 67,026 71,328 Total segment assets 24,614,975 25,470,558 Reconciling items: Investments in and advances to unconsolidated entities 4,230,429 4,755,620 Assets held for sale or contribution 322,139 378,423 Notes receivable backed by real estate 32,100 235,050 Cash and cash equivalents 807,316 264,080 Other assets 242,973 291,036 Total reconciling items 5,634,957 5,924,209 Total assets $ 30,249,932 $ 31,394,767 (1) 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, 2016 and 2015. |
Selected Quarterly Financial 45
Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Quarterly Financial Information Disclosure [Abstract] | |
Selected Quarterly Financial Data | The following table details our selected quarterly financial data (in thousands, except per share and unit data): Three Months Ended, Prologis, Inc. March 31, June 30, September 30, December 31, 2016: Rental revenues $ 437,104 $ 426,150 $ 435,868 $ 435,722 Rental recoveries $ 117,012 $ 119,981 $ 124,409 $ 124,163 Total revenues $ 606,300 $ 602,155 $ 704,565 $ 620,115 Rental expenses $ (146,581 ) $ (140,725 ) $ (140,514 ) $ (141,050 ) Operating income $ 129,198 $ 142,348 $ 232,624 $ 164,208 Consolidated net earnings $ 222,805 $ 295,791 $ 307,242 $ 466,702 Net earnings attributable to common stockholders $ 208,041 $ 275,383 $ 279,255 $ 440,539 Net earnings per share attributable to common stockholders – Basic (1) $ 0.40 $ 0.52 $ 0.53 $ 0.83 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.39 $ 0.52 $ 0.52 $ 0.82 2015: Rental revenues $ 324,547 $ 357,828 $ 418,116 $ 435,626 Rental recoveries $ 94,255 $ 103,616 $ 114,639 $ 124,560 Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Rental expenses $ (127,095 ) $ (125,820 ) $ (140,284 ) $ (150,983 ) Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common stockholders $ 345,206 $ 140,240 $ 258,979 $ 118,363 Net earnings per share attributable to common stockholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 Prologis, L.P. 2016: Rental revenues $ 437,104 $ 426,150 $ 435,868 $ 435,722 Rental recoveries $ 117,012 $ 119,981 $ 124,409 $ 124,163 Total revenues $ 606,300 $ 602,155 $ 704,565 $ 620,115 Rental expenses $ (146,581 ) $ (140,725 ) $ (140,514 ) $ (141,050 ) Operating income $ 129,198 $ 142,348 $ 232,624 $ 164,208 Consolidated net earnings $ 222,805 $ 295,791 $ 307,242 $ 466,702 Net earnings attributable to common unitholders $ 214,275 $ 283,699 $ 286,943 $ 452,602 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.40 $ 0.52 $ 0.53 $ 0.83 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.39 $ 0.52 $ 0.52 $ 0.82 2015: Rental revenues $ 324,547 $ 357,828 $ 418,116 $ 435,626 Rental recoveries $ 94,255 $ 103,616 $ 114,639 $ 124,560 Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Rental expenses $ (127,095 ) $ (125,820 ) $ (140,284 ) $ (150,983 ) Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common unitholders $ 346,488 $ 141,538 $ 262,155 $ 123,733 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 (1) Quarterly earnings per common share or unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares or units outstanding included in the calculation of basic and diluted shares or units. (2) Income 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 and unit is the same. |
Description of the Business - A
Description of the Business - Additional Information (Detail) shares in Millions | 12 Months Ended |
Dec. 31, 2016Segmentshares | |
Description Of Business And Basis Of Presentation [Line Items] | |
Number of reportable segments | Segment | 2 |
Percentage of common limited partnership interest | 2.58% |
Class A Common [Member] | |
Description Of Business And Basis Of Presentation [Line Items] | |
Class of common limited partnership units designated as class A common units | shares | 8.9 |
General Partner | |
Description Of Business And Basis Of Presentation [Line Items] | |
Percentage of ownership in operating partnership | 97.42% |
Preferred [Member] | |
Description Of Business And Basis Of Presentation [Line Items] | |
Percentage of ownership in operating partnership | 100.00% |
Summary of Significant Accoun47
Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($)Ground | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
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 | ||
Weighted average lease term period | 5 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. | ||
Maximum length of time hedged in future cash flow hedge | 10 years | ||
Noncontrolling interests in real estate entities | 100.00% | ||
Percentage of taxable income distribute | 100.00% | ||
Reclassification of cash inflows related to distributions from unconsolidated entities from an investing to an operating activity | $ 286,651 | $ 284,664 | $ 294,890 |
Reclassification of cash outflows related to shares withheld to pay employee withholding taxes from an operating to a financing activity | $ 8,570 | 12,298 | 12,990 |
Number of ground and office space leases | Ground | 90 | ||
New Accounting Pronouncement [Member] | |||
Schedule Of Significant Accounting Policies [Line Items] | |||
Reclassification of cash inflows related to distributions from unconsolidated entities from an investing to an operating activity | 140,600 | 177,000 | |
New Accounting Pronouncement, Early Adoption, Effect [Member] | |||
Schedule Of Significant Accounting Policies [Line Items] | |||
Reclassification of cash outflows related to shares withheld to pay employee withholding taxes from an operating to a financing activity | $ 12,300 | $ 13,000 | |
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 - Additio
Business Combinations - Additional Information (Detail) $ in Thousands, shares in Millions, ft² in Millions | May 29, 2015USD ($)ft²Propertyshares | Oct. 20, 2014USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2016USD ($)shares | Dec. 31, 2015USD ($)shares | Dec. 31, 2014USD ($) |
Business Acquisition [Line Items] | ||||||
Noncontrolling interests in real estate entities | 100.00% | |||||
Business acquisition, common limited partnership units issued | shares | 4.6 | 6.4 | ||||
Rental revenues of properties acquired | $ 235,700 | |||||
Rental expenses of properties acquired | $ 56,900 | |||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | $ 757,398 | $ 758,887 | $ 725,790 | |||
KTR Capital Partners and Affiliates [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business acquisition, common limited partnership units issued | shares | 0 | 4.7 | ||||
Total purchase price | $ 4,990,669 | |||||
Prologis North American Industrial Fund [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Parent Company's Ownership Percentage Before Acquisition | 23.10% | |||||
Parent Company's Ownership Percentage After Acquisition | 66.10% | |||||
Equity method investment | $ 679,000 | |||||
Total purchase price | $ 46,800 | 1,100,000 | ||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 201,300 | |||||
Rental revenues included in pro forma result | 49,200 | |||||
Rental expenses included in pro forma result | $ 13,300 | |||||
Prologis US Logistics Venture [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Noncontrolling interests in real estate entities | 55.00% | 55.00% | 55.00% | 55.00% | ||
Contribution received from venture partner | $ 2,300,000 | |||||
Prologis US Logistics Venture [Member] | KTR Capital Partners and Affiliates [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Number of buildings | Property | 315 | |||||
Square feet | ft² | 59 | |||||
Area of properties under development | ft² | 3.6 | |||||
Area of properties to support potential build out | ft² | 6.8 | |||||
Acquisition costs incurred | $ 24,700 | |||||
Prologis US Logistics Venture [Member] | KTR Capital Partners and Affiliates [Member] | Common [Member] | Limited Partners [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business acquisition, common limited partnership units issued | shares | 4.5 |
Business Combinations - Allocat
Business Combinations - Allocation of Purchase Price (Detail) - USD ($) $ in Thousands | May 29, 2015 | Oct. 20, 2014 | Dec. 31, 2014 |
KTR Capital Partners and Affiliates [Member] | |||
Business Acquisition [Line Items] | |||
Investments in real estate properties | $ 5,441,384 | ||
Intangible assets, net of intangible liabilities | 332,708 | ||
Accounts receivable and other assets | 8,062 | ||
Debt, including premium | (735,172) | ||
Accounts payable, accrued expenses and other liabilities | (56,313) | ||
Total estimated purchase price | 4,990,669 | ||
Noncontrolling interests | (2,253,234) | ||
Common limited partnership units issued in the Operating Partnership | (181,170) | ||
Total purchase price | $ 2,556,265 | ||
Prologis North American Industrial Fund [Member] | |||
Business Acquisition [Line Items] | |||
Investments in real estate properties | $ 2,658,252 | ||
Intangible assets, net of intangible liabilities | 138,185 | ||
Cash | 87,780 | ||
Accounts receivable and other assets | 5,664 | ||
Debt, including premium | (1,195,213) | ||
Accounts payable, accrued expenses and other liabilities | (57,655) | ||
Total estimated purchase price | $ 46,800 | 1,100,000 | |
Noncontrolling interests | (554,493) | ||
Total purchase price | $ 1,082,520 |
Business Combinations - Schedul
Business Combinations - Schedule of Unaudited Pro Forma Financial Information (Detail) - KTR Capital Partners and Affiliates [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition [Line Items] | ||
Total revenues | $ 2,358,643 | $ 2,064,724 |
Net earnings attributable to common stockholders | $ 866,753 | $ 537,861 |
Net earnings per share attributable to common stockholders – Basic | $ 1.66 | $ 1.08 |
Net earnings per share attributable to common stockholders – Diluted | $ 1.65 | $ 1.07 |
Real Estate - Investments in Re
Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands | Dec. 31, 2016USD ($)ft²aBuildings | Dec. 31, 2015USD ($)ft²aBuildings |
Real Estate Properties [Line Items] | ||
Total investments in real estate properties | $ 27,119,330 | $ 27,521,368 |
Less accumulated depreciation | 3,758,372 | 3,274,284 |
Net investments in real estate properties | $ 23,360,958 | $ 24,247,084 |
Improved Land [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet | ft² | 0 | 0 |
Number of buildings | Buildings | 0 | 0 |
Total investments in real estate properties | $ 6,037,543 | $ 5,874,052 |
Building and Improvements [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet | ft² | 331,210 | 333,830 |
Number of buildings | Buildings | 1,776 | 1,872 |
Total investments in real estate properties | $ 17,905,914 | $ 17,861,693 |
Development Portfolio, Including Cost of Land: Pre-stabilized [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet | ft² | 8,256 | 12,598 |
Number of buildings | Buildings | 29 | 28 |
Total investments in real estate properties | $ 798,233 | $ 918,099 |
Properties Under Development [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet | ft² | 19,539 | 19,630 |
Number of buildings | Buildings | 60 | 63 |
Total investments in real estate properties | $ 633,849 | $ 954,804 |
Land [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet | a | 5,892 | 7,404 |
Total investments in real estate properties | $ 1,218,904 | $ 1,359,794 |
Other Real Estate Investments [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet | ft² | 0 | 0 |
Number of buildings | Buildings | 0 | 0 |
Total investments in real estate properties | $ 524,887 | $ 552,926 |
Real Estate - Investments in 52
Real Estate - Investments in Real Estate Properties (Parenthetical) (Detail) - a | Dec. 31, 2016 | Dec. 31, 2015 |
Land [Member] | ||
Real Estate Properties [Line Items] | ||
Square feet | 5,892 | 7,404 |
Real Estate - Summary of Acquis
Real Estate - Summary of Acquisition (Detail) ft² in Thousands, $ in Thousands | Dec. 31, 2016USD ($)ft²Property | Dec. 31, 2015USD ($)ft²Property | Dec. 31, 2014USD ($)ft²Property | Dec. 31, 2013USD ($) |
Business Acquisition [Line Items] | ||||
Real estate acquisition value | $ 25,375,539 | $ 25,608,648 | $ 20,109,432 | $ 18,822,081 |
Acquisitions of Properties from Third Parties [Member] | ||||
Business Acquisition [Line Items] | ||||
Number of buildings | Property | 9 | 52 | 8 | |
Square feet | ft² | 1,823 | 7,375 | 1,004 | |
Real estate acquisition value | $ 411,706 | $ 1,042,562 | $ 548,201 |
Real Estate - Summary of Acqu54
Real Estate - Summary of Acquisition (Parenthetical) (Detail) ft² in Thousands | Dec. 31, 2016ft²a | Dec. 31, 2015ft²a | Dec. 31, 2014ft²a |
Land [Member] | |||
Business Acquisition [Line Items] | |||
Square Feet | 5,892 | 7,404 | |
Acquisitions of Properties from Third Parties [Member] | |||
Business Acquisition [Line Items] | |||
Square Feet | ft² | 1,823 | 7,375 | 1,004 |
Acquisitions of Properties from Third Parties [Member] | Land [Member] | |||
Business Acquisition [Line Items] | |||
Square Feet | 776 | 690 | 1,040 |
Real Estate - Summary of Dispos
Real Estate - Summary of Dispositions (Detail) ft² in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($)ft²Property | Dec. 31, 2015USD ($)ft²Property | Dec. 31, 2014USD ($)ft²Property | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Total gains on dispositions of investments in real estate, net | $ 757,398 | $ 758,887 | $ 725,790 |
Continuing Operations [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Total net gains on contributions and dispositions | 621,109 | 758,887 | 524,471 |
Total gains on dispositions of investments in real estate, net | $ 757,398 | $ 758,887 | $ 725,790 |
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 buildings | Property | 35 | 31 | 126 |
Square feet | ft² | 11,624 | 8,355 | 25,247 |
Net proceeds | $ 1,231,878 | $ 835,385 | $ 1,825,311 |
Net gains on contributions | $ 267,441 | $ 148,987 | $ 188,268 |
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 buildings | Property | 172 | 136 | 145 |
Square feet | ft² | 20,360 | 23,024 | 19,856 |
Net proceeds | $ 1,760,048 | $ 2,352,645 | $ 1,365,318 |
Net gains on contributions | 353,668 | 609,900 | 336,203 |
Continuing Operations [Member] | Redemption of investment in co-investment venture [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Net gains on contributions | 136,289 | 0 | 0 |
Continuing Operations [Member] | Revaluation of equity investments upon acquisition of controlling interest [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Net gains on contributions | $ 0 | $ 0 | $ 201,319 |
Real Estate - Summary of Disp56
Real Estate - Summary of Dispositions (Parenthetical) (Detail) ft² in Millions, $ in Millions | 3 Months Ended |
Jun. 30, 2014USD ($)ft²Property | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Gain recognized on disposition of investments in real estate | $ 52.5 |
Equity Method Investment Income Tax Expense | 32.4 |
Deferred tax benefit recognized on disposition of investments in real estate | 55.5 |
Earnings attributable to non controlling interest | $ 61 |
FIBRA Prologis [Member] | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Number of properties purchased | Property | 177 |
Square feet | ft² | 29.7 |
Difference between amount received and noncontrolling interests | $ 34.6 |
Wholly Owned Portfolio [Member] | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Square feet | ft² | 12.6 |
Mexico Fondo Logistico [Member] | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Square feet | ft² | 7.6 |
Prologis Mexico Industrial Fund [Member] | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Square feet | ft² | 9.5 |
Real Estate - Additional Inform
Real Estate - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2016 | |
Real Estate Properties [Line Items] | |
Weighted average lease term remaining | 4 years |
Minimum lease payments on leases periods | Greater than one year |
Minimum [Member] | |
Real Estate Properties [Line Items] | |
Operating leases lease term | 1 year |
Maximum [Member] | |
Real Estate Properties [Line Items] | |
Operating leases lease term | 73 years |
Real Estate - Future Minimum Re
Real Estate - Future Minimum Rental Payments under Non-Cancelable Operating Leases (Detail) $ in Thousands | Dec. 31, 2016USD ($) |
Real Estate [Abstract] | |
2,017 | $ 1,633,990 |
2,018 | 1,488,049 |
2,019 | 1,239,683 |
2,020 | 1,038,305 |
2,021 | 809,961 |
Thereafter | 2,391,452 |
Total | $ 8,601,440 |
Real Estate - Operating Propert
Real Estate - Operating Properties and Leases (Detail) $ in Thousands | Dec. 31, 2016USD ($) |
Real Estate [Abstract] | |
2,017 | $ 30,976 |
2,018 | 32,035 |
2,019 | 29,520 |
2,020 | 28,379 |
2,021 | 24,480 |
Thereafter | 332,835 |
Total | $ 478,225 |
Unconsolidated Entities - Summa
Unconsolidated Entities - Summary of Investments (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Schedule Of Equity Method Investments [Line Items] | ||
Other ventures | $ 4,230,429 | $ 4,755,620 |
Unconsolidated Co-Investment Ventures [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Other ventures | 4,057,524 | 4,585,427 |
Other Joint Ventures [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Other ventures | $ 172,905 | $ 170,193 |
Unconsolidated Entities - Infor
Unconsolidated Entities - Information About Investments in Co-investment Ventures by Property Funds (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Investment in and Advances to unconsolidated investees | $ 4,230,429 | $ 4,755,620 |
Unconsolidated Co-Investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Investment in and Advances to unconsolidated investees | $ 4,057,524 | $ 4,585,427 |
Prologis Targeted U.S. Logistics Fund [Member] | Unconsolidated Co-Investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 14.90% | 22.50% |
Investment in and Advances to unconsolidated investees | $ 434,818 | $ 689,408 |
FIBRA Prologis [Member] | Unconsolidated Co-Investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 45.90% | 45.90% |
Investment in and Advances to unconsolidated investees | $ 547,744 | $ 569,800 |
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 50.00% | |
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Unconsolidated Co-Investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 0.00% | 0.00% |
Investment in and Advances to unconsolidated investees | $ 297,300 | $ 216,668 |
Prologis Europe Logistics Fund FCP-FIS [Member] | Unconsolidated Co-Investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 23.50% | 41.60% |
Investment in and Advances to unconsolidated investees | $ 310,118 | $ 480,401 |
Prologis European Logistics Partners [Member] | Unconsolidated Co-Investment Ventures [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 | $ 1,623,707 | $ 1,762,291 |
Europe Logistics Venture 1 [Member] | Unconsolidated Co-Investment Ventures [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 | $ 48,289 | $ 53,960 |
Prologis European Properties Fund II [Member] | Unconsolidated Co-Investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 31.20% | 31.30% |
Investment in and Advances to unconsolidated investees | $ 344,200 | $ 410,984 |
Nippon Prologis REIT Inc [Member] | Unconsolidated Co-Investment Ventures [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 | $ 348,570 | $ 300,822 |
Prologis China Logistics Venture [Member] | Unconsolidated Co-Investment Ventures [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 | $ 102,778 | $ 101,093 |
Unconsolidated Entities - Inf62
Unconsolidated Entities - Information About Investments in Co-investment Ventures by Property Funds (Parenthetical) (Detail) $ / shares in Units, € in Millions, shares in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2016EUR (€) | Dec. 31, 2016MXN / shares | Dec. 31, 2016¥ / shares | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Percentage of equity interest holds in unconsolidated joint venture | 50.00% | 50.00% | ||||
Intercompany notes receivable | $ 166.1 | $ 189.7 | $ 125.7 | |||
Prologis Targeted Europe Logistics Fund [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Redemption a portion of our investment | 311.1 | € 275 | ||||
Prologis Targeted U.S. Logistics Fund [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Redemption a portion of our investment | 300 | |||||
Prologis Targeted Europe Logistics Fund and Prologis Targeted U.S. Logistics Fund [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Gain on Redemption | $ 136.3 | |||||
Prologis Mexico Industrial Fund [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Units outstanding | shares | 291.1 | |||||
Closing price of common stock | (per share) | $ 1.44 | MXN 29.69 | ||||
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Ownership Percentage in property fund | 50.00% | |||||
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Minimum [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Ownership Percentage in property fund | 5.00% | |||||
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Maximum [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Ownership Percentage in property fund | 50.00% | |||||
Nippon Prologis REIT Inc [Member] | ||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||||||
Units outstanding | shares | 0.3 | |||||
Closing price of common stock | (per share) | $ 2,041 | ¥ 238,900 | ||||
Intercompany notes receivable | $ 96.9 | $ 85.2 |
Unconsolidated Entities - Sum63
Unconsolidated Entities - Summary of Amounts Recognized in Consolidated Statements of Income Related to Co-Investment Ventures (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Schedule Of Equity Method Investments [Line Items] | |||
Total strategic capital revenues | $ 294,552 | $ 210,362 | $ 219,871 |
Total earnings from unconsolidated co-investment ventures, net | 206,307 | 159,262 | 134,288 |
Unconsolidated Co-Investment Ventures [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Total strategic capital revenues | 292,165 | 207,608 | 218,350 |
Total strategic capital revenues and other revenues | 303,171 | 215,075 | 223,774 |
Total earnings from unconsolidated co-investment ventures, net | 191,877 | 155,402 | 131,048 |
Unconsolidated Co-Investment Ventures [Member] | Development Management and Other Revenue [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Development management and other revenues | 11,006 | 7,467 | 5,424 |
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Total strategic capital revenues | 37,911 | 36,964 | 81,351 |
Total earnings from unconsolidated co-investment ventures, net | 10,441 | 7,124 | 16,420 |
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Total strategic capital revenues | 22,777 | 22,516 | 13,003 |
Total earnings from unconsolidated co-investment ventures, net | 27,155 | 28,842 | (7,824) |
Unconsolidated Co-Investment Ventures [Member] | Europe [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Total strategic capital revenues | 184,956 | 112,675 | 86,487 |
Total earnings from unconsolidated co-investment ventures, net | 137,652 | 106,656 | 108,430 |
Unconsolidated Co-Investment Ventures [Member] | Asia [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Total strategic capital revenues | 46,521 | 35,453 | 37,509 |
Total earnings from unconsolidated co-investment ventures, net | $ 16,629 | $ 12,780 | $ 14,022 |
Unconsolidated Entities - Sum64
Unconsolidated Entities - Summary of Promotes Earned and Recognized in Strategic Capital Revenues (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Schedule Of Equity Method Investments [Line Items] | ||||
Total promote recognized in strategic capital revenues | [1] | $ 99,766 | $ 56,637 | $ 42,132 |
Net promote recognized (third-party share) in strategic capital revenues | 88,544 | 29,462 | 31,280 | |
Prologis [Member] | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Total promote recognized in strategic capital revenues | $ 11,222 | $ 27,175 | $ 10,852 | |
[1] | We earned promotes from PTELF and PEPF II in 2016, PELP and ELV in 2015 and USLF in 2014, each based on the venture’s cumulative returns to the investors over the last three years. |
Unconsolidated Entities - Addit
Unconsolidated Entities - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2016 | |
Prologis Promote Plan [Member] | |
Schedule Of Equity Method Investments [Line Items] | |
Percentage of promote revenues paid | 40.00% |
Unconsolidated Entities - Sum66
Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member] ft² in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2016USD ($)ft²PropertyVenture | Dec. 31, 2015USD ($)ft²PropertyVenture | Dec. 31, 2014USD ($)ft²PropertyVenture | |||
Schedule Of Equity Method Investments [Line Items] | |||||
Number of ventures | Venture | 9 | 9 | 9 | ||
Number of properties owned | Property | 1,367 | 1,350 | 1,278 | ||
Square feet | ft² | 291 | 277 | 261 | ||
Total assets | $ 23,057 | $ 22,553 | $ 22,616 | ||
Third-party debt | 6,546 | 6,250 | 6,531 | ||
Total liabilities | 7,876 | 7,593 | 7,649 | ||
Our investment balance | [1] | 4,058 | 4,585 | 4,666 | |
Revenues | 1,943 | 1,832 | 1,992 | [2] | |
Net earnings | $ 562 | $ 451 | $ 408 | [2] | |
U.S. [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Number of ventures | Venture | 1 | 1 | 1 | ||
Number of properties owned | Property | 369 | 391 | 392 | ||
Square feet | ft² | 50 | 50 | 50 | ||
Total assets | $ 4,238 | $ 4,408 | $ 4,403 | ||
Third-party debt | 1,414 | 1,433 | 1,594 | ||
Total liabilities | 1,540 | 1,550 | 1,697 | ||
Our investment balance | [1] | 435 | 690 | 712 | |
Revenues | 395 | 382 | 541 | [2] | |
Net earnings | $ 57 | $ 35 | $ 55 | [2] | |
Other Americas [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Number of ventures | Venture | 2 | 2 | 2 | ||
Number of properties owned | Property | 213 | 205 | 198 | ||
Square feet | ft² | 42 | 39 | 37 | ||
Total assets | $ 2,793 | $ 2,482 | $ 2,653 | ||
Third-party debt | 739 | 657 | 679 | ||
Total liabilities | 814 | 708 | 717 | ||
Our investment balance | [1] | 845 | 786 | 825 | |
Revenues | 242 | 228 | 170 | [2] | |
Net earnings | $ 71 | $ 78 | $ (1) | [2] | |
Europe [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Number of ventures | Venture | 4 | 4 | 4 | ||
Number of properties owned | Property | 700 | 688 | 636 | ||
Square feet | ft² | 163 | 159 | 148 | ||
Total assets | $ 10,853 | $ 11,343 | $ 11,440 | ||
Third-party debt | 2,446 | 2,640 | 2,621 | ||
Total liabilities | 3,283 | 3,584 | 3,501 | ||
Our investment balance | [1] | 2,327 | 2,707 | 2,773 | |
Revenues | 964 | 947 | 1,001 | [2] | |
Net earnings | $ 333 | $ 261 | $ 268 | [2] | |
Asia [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Number of ventures | Venture | 2 | 2 | 2 | ||
Number of properties owned | Property | 85 | 66 | 52 | ||
Square feet | ft² | 36 | 29 | 26 | ||
Total assets | $ 5,173 | $ 4,320 | $ 4,120 | ||
Third-party debt | 1,947 | 1,520 | 1,637 | ||
Total liabilities | 2,239 | 1,751 | 1,734 | ||
Our investment balance | [1] | 451 | 402 | 356 | |
Revenues | 342 | 275 | 280 | [2] | |
Net earnings | $ 101 | $ 77 | $ 86 | [2] | |
Weighted Average [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Our weighted average ownership | [3] | 27.90% | 31.60% | 32.00% | |
Weighted Average [Member] | U.S. [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Our weighted average ownership | [3] | 14.90% | 22.50% | 24.30% | |
Weighted Average [Member] | Other Americas [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Our weighted average ownership | [3] | 43.90% | 43.80% | 42.90% | |
Weighted Average [Member] | Europe [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Our weighted average ownership | [3] | 35.10% | 38.90% | 38.80% | |
Weighted Average [Member] | Asia [Member] | |||||
Schedule Of Equity Method Investments [Line Items] | |||||
Our weighted average ownership | [3] | 15.10% | 15.00% | 15.00% | |
[1] | The difference between our ownership interest of a venture’s equity and our investment balance at December 31, 2016, 2015 and 2014, results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($469.9 million, $430.7 million and $322.9 million, respectively); (ii) recording additional costs associated with our investment in the venture ($124.1 million, $122.1 million and $117.5 million respectively); and (iii) advances to a venture ($166.1 million, $189.7 million and $125.7 million, respectively). | ||||
[2] | We had significant activity with our U.S. and Other Americas unconsolidated co-investment ventures in 2014 as explained in Notes 3 and 4. We began consolidating NAIF in 2014. We formed and invested in FIBRA Prologis in 2014 and in connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. | ||||
[3] | Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. |
Unconsolidated Entities - Sum67
Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Equity Method Investments And Joint Ventures [Abstract] | |||
Deferred gain recognize | $ 469.9 | $ 430.7 | $ 322.9 |
Additional costs associated with investment in a venture | 124.1 | 122.1 | 117.5 |
Intercompany notes receivable and advances to ventures | $ 166.1 | $ 189.7 | $ 125.7 |
Unconsolidated Entities - Sum68
Unconsolidated Entities - Summary of Remaining Equity Commitments (Detail) $ in Millions | 12 Months Ended | |
Dec. 31, 2016USD ($) | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 2,382 | |
Prologis Inc [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 294 | |
Venture Partners [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 2,088 | |
Prologis Targeted U.S. Logistics Fund [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 180 | |
Expiration date for remaining commitments range start | 2,017 | |
Prologis Targeted U.S. Logistics Fund [Member] | Prologis Inc [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 0 | |
Prologis Targeted U.S. Logistics Fund [Member] | Venture Partners [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 180 | |
Prologis Targeted Europe Logistics Fund [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 243 | [1] |
Expiration date for remaining commitments range start | 2,017 | [1] |
Prologis Targeted Europe Logistics Fund [Member] | Prologis Inc [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 0 | [1] |
Prologis Targeted Europe Logistics Fund [Member] | Venture Partners [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 243 | [1] |
Prologis China Logistics Venture [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 1,959 | |
Expiration date for remaining commitments range start | 2,017 | |
Prologis China Logistics Venture [Member] | Prologis Inc [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 294 | |
Prologis China Logistics Venture [Member] | Venture Partners [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 1,665 | |
[1] | Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.05 U.S. dollars to the euro. |
Unconsolidated Entities - Sum69
Unconsolidated Entities - Summary of Remaining Equity Commitments (Parenthetical) (Detail) | Dec. 31, 2016$ / € |
Prologis Targeted Europe Logistics Fund [Member] | |
Schedule Of Equity Method Investments [Line Items] | |
Exchange rate | 1.05 |
Prologis European Properties Fund II [Member] | |
Schedule Of Equity Method Investments [Line Items] | |
Exchange rate | 1.05 |
Europe Logistics Venture 1 [Member] | |
Schedule Of Equity Method Investments [Line Items] | |
Exchange rate | 1.05 |
Assets Held for Sale or Contr70
Assets Held for Sale or Contribution - Summary of Assets Held for Sale or Contribution (Detail) ft² in Thousands, $ in Thousands | Dec. 31, 2016USD ($)ft²Property | Dec. 31, 2015USD ($)ft²Property |
Long Lived Assets Held For Sale [Line Items] | ||
Total assets held for sale or contribution | $ 322,139 | $ 378,423 |
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities | $ 4,984 | $ 6,874 |
Disposal Group Heldforsale Not Discontinued Operations | ||
Long Lived Assets Held For Sale [Line Items] | ||
Number of operating properties | Property | 13 | 17 |
Square feet | ft² | 4,167 | 5,065 |
Notes Receivable Backed by Re71
Notes Receivable Backed by Real Estate - Summary of Notes Receivable Backed by Real Estate (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Loans And Leases Receivable [Line Items] | |||
Beginning Balance | $ 235,050 | ||
Additions | 0 | ||
Repayments | (202,950) | $ (9,866) | $ (188,000) |
Ending Balance | $ 32,100 | $ 235,050 | |
Minimum [Member] | |||
Loans And Leases Receivable [Line Items] | |||
Interest Rates | 5.80% | 2.00% | |
Maturity Dates | 2017-04 | 2016-02 | |
Maximum [Member] | |||
Loans And Leases Receivable [Line Items] | |||
Interest Rates | 10.00% | 10.00% | |
Maturity Dates | 2017-12 | 2017-04 |
Other Assets and Other Liabil72
Other Assets and Other Liabilities - Schedule of Other Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ||
Leasing commissions | $ 286,821 | $ 229,645 |
Rent leveling | 285,824 | 226,239 |
Acquired lease intangibles | 267,907 | 433,949 |
Prepaid assets | 120,361 | 107,000 |
Accounts receivable | 110,918 | 89,611 |
Fixed assets | 102,830 | 94,178 |
Value added taxes receivable | 94,713 | 86,115 |
Derivative assets | 47,114 | 53,579 |
Management contracts | 41,993 | 46,293 |
Other notes receivable | 35,824 | 41,262 |
Deferred income taxes | 14,052 | 14,650 |
Other | 88,633 | 91,989 |
Totals | $ 1,496,990 | $ 1,514,510 |
Other Assets and Other Liabil73
Other Assets and Other Liabilities - Schedule of Other Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Other Liabilities Disclosure [Abstract] | ||
Tenant security deposits | $ 206,301 | $ 190,160 |
Unearned rents | 90,233 | 77,730 |
Income tax liabilities | 68,666 | 81,125 |
Acquired lease intangibles | 31,707 | 55,976 |
Environmental liabilities | 24,572 | 21,484 |
Deferred income | 21,629 | 29,197 |
Value added taxes payable | 15,888 | 10,272 |
Derivative liabilities | 1,268 | 13,729 |
Other | 167,055 | 154,702 |
Totals | $ 627,319 | $ 634,375 |
Other Assets and Other Liabil74
Other Assets and Other Liabilities - Schedule of Amortization Expense and Rental Revenues (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | |
Amortization Expense 2017 | $ 135,263 |
Amortization Expense 2018 | 98,435 |
Amortization Expense 2019 | 76,315 |
Amortization Expense 2020 | 59,969 |
Amortization Expense 2021 | 44,137 |
Amortization Expense Thereafter | 106,325 |
Amortization Expense Totals | 520,444 |
2,017 | (24,939) |
2,018 | 25,795 |
2,019 | 40,306 |
2,020 | 46,465 |
2,021 | 41,831 |
Thereafter | 158,943 |
Totals | $ 288,401 |
Debt - Debt Summary (Detail)
Debt - Debt Summary (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Debt Instrument [Line Items] | ||
Debt | $ 10,608,294 | $ 11,626,831 |
Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Debt | 35,023 | 0 |
Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt | 6,417,492 | $ 6,516,392 |
Term Loan [Member] | ||
Debt Instrument [Line Items] | ||
Debt | $ 1,500,000 | |
Debts Of Operating Partnership [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 3.20% | 3.20% |
Debt | $ 10,608,294 | $ 11,626,831 |
Debts Of Operating Partnership [Member] | Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 1.00% | 0.00% |
Debt | $ 35,023 | $ 0 |
Debts Of Operating Partnership [Member] | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 3.30% | 3.30% |
Debt | $ 6,417,492 | $ 6,516,392 |
Debts Of Operating Partnership [Member] | Term Loan [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 1.40% | 2.10% |
Debt | $ 1,484,523 | $ 2,100,009 |
Debts Of Operating Partnership [Member] | Unsecured Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 6.10% | 6.20% |
Debt | $ 14,478 | $ 15,448 |
Debts Of Operating Partnership [Member] | Secured Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 4.90% | 5.10% |
Debt | $ 979,585 | $ 1,172,473 |
Debts Of Operating Partnership [Member] | Secured Mortgage Debt of Consolidated Entities [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 3.00% | 2.90% |
Debt | $ 1,677,193 | $ 1,822,509 |
Debt - Debt Summary (Parentheti
Debt - Debt Summary (Parenthetical) (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016USD ($)Property | Dec. 31, 2015USD ($) | |
Debt Instrument [Line Items] | ||
Debt | $ 10,608,294 | $ 11,626,831 |
Cost of properties securing mortgage debt | $ 2,400,000 | |
Count of properties securing mortgage debt | Property | 145 | |
Cost of properties securing mortgage debt of consolidated entities | $ 3,000,000 | |
Number of properties securing mortgage debt of consolidated entities | Property | 208 | |
Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt | $ 6,417,492 | $ 6,516,392 |
Unsecured Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Cost of properties securing mortgage debt | $ 737,400 | |
Minimum [Member] | Secured Mortgage Debt of Consolidated Entities [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 2.40% | |
Debt Instrument maturity date | 2017-07 | |
Minimum [Member] | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 1.50% | |
Debt Instrument maturity date | 2018-01 | |
Minimum [Member] | Unsecured Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 4.50% | |
Debt Instrument maturity date | 2019-11 | |
Minimum [Member] | Secured Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 0.40% | |
Debt Instrument maturity date | 2018-05 | |
Maximum [Member] | Secured Mortgage Debt of Consolidated Entities [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 5.30% | |
Debt Instrument maturity date | 2027-12 | |
Maximum [Member] | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 7.60% | |
Debt Instrument maturity date | 2026-06 | |
Maximum [Member] | Unsecured Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 7.90% | |
Debt Instrument maturity date | 2033-09 | |
Maximum [Member] | Secured Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
Effective Interest Rate | 7.80% | |
Debt Instrument maturity date | 2025-12 | |
EUR | ||
Debt Instrument [Line Items] | ||
Debt | $ 3,300,000 | |
JPY | ||
Debt Instrument [Line Items] | ||
Debt | 1,300,000 | |
CAD | ||
Debt Instrument [Line Items] | ||
Debt | 400,000 | |
GBP | ||
Debt Instrument [Line Items] | ||
Debt | $ 200,000 |
Debt - Additional Information (
Debt - Additional Information (Detail) ¥ in Billions | 3 Months Ended | 12 Months Ended | |||||
Mar. 31, 2015USD ($)shares | Dec. 31, 2016USD ($)Bond | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2016JPY (¥) | Mar. 31, 2016USD ($) | Dec. 31, 2015JPY (¥) | |
Debt Instrument [Line Items] | |||||||
Credit facility maximum borrowing capacity | $ 3,306,000,000 | $ 2,662,000,000 | $ 2,742,000,000 | ||||
Debt issued | 10,632,534,000 | ||||||
Carrying Value of Debt | 10,608,294,000 | 11,626,831,000 | |||||
Exchangeable Senior Notes Outstanding | 6,500,000,000 | ||||||
Prepayment costs | 0 | ||||||
Gain on early extinguishment of debt | 2,484,000 | (86,303,000) | (165,300,000) | ||||
Notes exchanged | $ 459,800,000 | ||||||
Number of share issued on debt conversion | shares | 11,900,000 | ||||||
Repayments of convertible debt | $ 200,000 | ||||||
Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Carrying Value of Debt | 1,500,000,000 | ||||||
Exchangeable Senior Notes [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Fair value of derivative instruments | 43,000,000 | ||||||
Unrealized gain (loss) on derivative instrument | $ 8,300,000 | $ (10,300,000) | |||||
TMK Bonds [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt issued | $ 244,600,000 | $ 191,000,000 | ¥ 25.7 | ¥ 23 | |||
Number of bonds outstanding | Bond | 1 | ||||||
Carrying Value of Debt | $ 170,800,000 | 20 | |||||
Global Facility [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Credit facility maximum borrowing capacity | 3,000,000,000 | $ 2,300,000,000 | |||||
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments | $ 3,800,000,000 | ||||||
Debt Instrument maturity date | 2020-04 | ||||||
Revolver [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Credit facility maximum borrowing capacity | $ 482,600,000 | 56.5 | |||||
Debt Instrument maturity date | 2018-05 | ||||||
Credit facility current borrowing capacity | $ 384,400,000 | ¥ 45 | |||||
Secured Mortgage Debt [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt Instrument maturity date | 2022-01 | ||||||
Debt issued | $ 152,600,000 | ||||||
Stated Interest Rate | 3.30% | 3.30% | |||||
Senior note effective interest rate | 3.50% | 3.50% |
Debt - Credit Facilities (Detai
Debt - Credit Facilities (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Debt Disclosure [Abstract] | |||
Weighted average daily interest rate | 1.40% | 1.10% | 1.10% |
Weighted average daily borrowings | $ 128 | $ 261 | $ 182 |
Maximum borrowings outstanding at any month-end | 307 | 942 | 742 |
Aggregate lender – commitments | 3,306 | 2,662 | 2,742 |
Borrowings outstanding | 35 | 0 | 0 |
Outstanding letters of credit | 36 | 32 | 35 |
Current availability | $ 3,235 | $ 2,630 | $ 2,707 |
Debt - Schedule of Senior Notes
Debt - Schedule of Senior Notes (Detail) € in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015EUR (€) | Dec. 31, 2014EUR (€) | |
Line Of Credit Facility Covenant Compliance [Line Items] | |||||
Principal Amount | $ 10,632,534 | ||||
Senior Notes [Member] | |||||
Line Of Credit Facility Covenant Compliance [Line Items] | |||||
Principal Amount | $ 6,465,026 | ||||
May 2015 [Member] | Senior Notes [Member] | |||||
Line Of Credit Facility Covenant Compliance [Line Items] | |||||
Principal Amount | $ 785,470 | € 700,000 | |||
Stated Interest Rate | 1.40% | 1.40% | |||
Effective Interest Rate | 1.50% | 1.50% | |||
Maturity Date | 2021-05 | ||||
October 2015 [Member] | Senior Notes [Member] | |||||
Line Of Credit Facility Covenant Compliance [Line Items] | |||||
Principal Amount | $ 750,000 | ||||
Stated Interest Rate | 3.80% | 3.80% | |||
Effective Interest Rate | 4.00% | 4.00% | |||
Maturity Date | 2025-11 | ||||
February 2014 [Member] | Senior Notes [Member] | |||||
Line Of Credit Facility Covenant Compliance [Line Items] | |||||
Principal Amount | $ 959,420 | € 700,000 | |||
Stated Interest Rate | 3.40% | 3.40% | |||
Effective Interest Rate | 3.50% | 3.50% | |||
Maturity Date | 2024-02 | ||||
June 2014 [Member] | Senior Notes [Member] | |||||
Line Of Credit Facility Covenant Compliance [Line Items] | |||||
Principal Amount | $ 680,550 | € 500,000 | |||
Stated Interest Rate | 3.00% | 3.00% | |||
Effective Interest Rate | 3.10% | 3.10% | |||
Maturity Date | 2026-06 | ||||
October 2014 [Member] | Senior Notes [Member] | |||||
Line Of Credit Facility Covenant Compliance [Line Items] | |||||
Principal Amount | $ 756,420 | € 600,000 | |||
Stated Interest Rate | 1.40% | 1.40% | |||
Effective Interest Rate | 1.40% | 1.40% | |||
Maturity Date | 2020-10 |
Debt - Summary of Outstanding T
Debt - Summary of Outstanding Term Loans (Detail) | 12 Months Ended | ||||||
Dec. 31, 2016USD ($) | Dec. 31, 2016EUR (€) | Dec. 31, 2016JPY (¥) | Dec. 31, 2016CAD | Sep. 30, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Debt Instrument [Line Items] | |||||||
Credit facility maximum borrowing capacity | $ 3,306,000,000 | $ 2,662,000,000 | $ 2,742,000,000 | ||||
Debt issuance costs, net | (47,953,000) | ||||||
Totals | 35,000,000 | 0 | $ 0 | ||||
Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Subtotal | 1,494,672,000 | 2,109,515,000 | |||||
Debt issuance costs, net | (10,149,000) | (9,506,000) | |||||
Totals | $ 1,484,523,000 | 2,100,009,000 | |||||
JPY | Yen Term Loan Tranche One [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt Instrument maturity date | 2022-08 | ||||||
JPY | Yen Term Loan Tranche Two [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt Instrument maturity date | 2023-08 | ||||||
2014 Yen Term Loan [Member] | JPY | |||||||
Debt Instrument [Line Items] | |||||||
Initial Borrowing Date | May 31, 2014 | ||||||
Credit facility maximum borrowing capacity | $ 0 | ¥ 0 | |||||
Subtotal | $ 0 | 339,858,000 | |||||
Interest Rate, Description | LIBOR plus 1.20% | ||||||
Interest Rate | 1.20% | ||||||
Euro Term Loan [Member] | Other Currency [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Initial Borrowing Date | Jun. 30, 2014 | ||||||
Credit facility maximum borrowing capacity | $ 525,000,000 | € 500,000 | |||||
Subtotal | $ 193,293,000 | 561,879,000 | |||||
Interest Rate, Description | LIBOR plus 0.98% | ||||||
Interest Rate | 0.98% | ||||||
Debt Instrument maturity date | 2017-06 | ||||||
Senior Term Loan [Member] | USD [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Initial Borrowing Date | May 31, 2015 | ||||||
Credit facility maximum borrowing capacity | $ 0 | ||||||
Subtotal | $ 0 | 400,000,000 | |||||
Interest Rate, Description | LIBOR plus 1.00% | ||||||
Interest Rate | 1.00% | ||||||
2015 Yen Term Loan [Member] | JPY | |||||||
Debt Instrument [Line Items] | |||||||
Initial Borrowing Date | Jun. 30, 2015 | ||||||
Credit facility maximum borrowing capacity | $ 0 | 0 | |||||
Subtotal | $ 0 | 539,906,000 | |||||
Interest Rate, Description | LIBOR plus 1.10% | ||||||
Interest Rate | 1.10% | ||||||
2015 Canadian Term Loan [Member] | CAD | |||||||
Debt Instrument [Line Items] | |||||||
Initial Borrowing Date | Dec. 31, 2015 | ||||||
Credit facility maximum borrowing capacity | $ 276,322,000 | CAD 371,925 | |||||
Subtotal | $ 276,322,000 | 267,872,000 | |||||
Interest Rate, Description | CDOR rate plus 1.50% | ||||||
Interest Rate | 1.50% | ||||||
Debt Instrument maturity date | 2023-02 | ||||||
Yen Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Totals | $ 1,200,000,000 | ||||||
Yen Term Loan [Member] | JPY | |||||||
Debt Instrument [Line Items] | |||||||
Initial Borrowing Date | Aug. 31, 2016 | ||||||
Credit facility maximum borrowing capacity | $ 1,025,057,000 | ¥ 120,000,000 | |||||
Subtotal | $ 1,025,057,000 | $ 0 | |||||
Interest Rate, Description | Yen LIBOR plus 0.65% | ||||||
Interest Rate | 0.65% |
Debt - Summary of Outstanding81
Debt - Summary of Outstanding Term Loans (Parenthetical) (Detail) | 12 Months Ended | ||||||
Dec. 31, 2016USD ($) | Dec. 31, 2016EUR (€) | Dec. 31, 2016JPY (¥) | Sep. 30, 2016USD ($) | Mar. 31, 2016JPY (¥) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Debt Instrument [Line Items] | |||||||
Borrowings outstanding | $ 35,000,000 | $ 0 | $ 0 | ||||
Credit facility maximum borrowing capacity | 3,306,000,000 | $ 2,662,000,000 | $ 2,742,000,000 | ||||
2016 Yen Senior Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Borrowings outstanding | 99,500,000 | ¥ 11,200,000,000 | |||||
Yen Term Loan Tranche One [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Credit facility maximum borrowing capacity | $ 427,100,000,000 | ¥ 50,000,000,000 | |||||
Debt Instrument maturity date | 2022-08 | ||||||
Yen Term Loan Tranche Two [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Credit facility maximum borrowing capacity | $ 597,900,000,000 | 70,000,000,000 | |||||
Debt Instrument maturity date | 2023-08 | ||||||
Yen Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Borrowings outstanding | $ 1,200,000,000 | ||||||
Increased Line Of Credit Facility Maximum Borrowing Capacity | $ 1,700,000,000 | ¥ 200,000,000,000 | |||||
Euro Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Increased Line Of Credit Facility Maximum Borrowing Capacity | 1,100,000,000 | € 1,000,000,000 | |||||
Senior Term Loan [Member] | KTR Capital Partners and Affiliates [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Borrowings outstanding | $ 1,000,000,000 |
Debt - Long-Term Debt Maturitie
Debt - Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Debt Instrument [Line Items] | ||
2,017 | $ 622,346 | |
2,018 | 781,275 | |
2,019 | 1,065,738 | |
2,020 | 1,260,986 | |
2,021 | 1,380,431 | |
2,022 | 1,328,928 | |
2,023 | 1,899,540 | |
2,024 | 872,089 | |
2,025 | 885,703 | |
2,026 | 528,969 | |
Thereafter | 6,529 | |
Subtotal | 10,632,534 | |
Premiums (discounts), net | 23,713 | |
Debt issuance costs, net | (47,953) | |
Totals | 10,608,294 | $ 11,626,831 |
Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
2,017 | 0 | |
2,018 | 35,023 | |
2,019 | 0 | |
2,020 | 0 | |
2,021 | 0 | |
2,022 | 0 | |
2,023 | 0 | |
2,024 | 0 | |
2,025 | 0 | |
2,026 | 0 | |
Thereafter | 0 | |
Subtotal | 35,023 | |
Premiums (discounts), net | 0 | |
Debt issuance costs, net | 0 | |
Totals | 35,023 | 0 |
Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
2,017 | 0 | |
2,018 | 175,000 | |
2,019 | 618,294 | |
2,020 | 831,071 | |
2,021 | 1,237,871 | |
2,022 | 737,870 | |
2,023 | 850,000 | |
2,024 | 737,870 | |
2,025 | 750,000 | |
2,026 | 527,050 | |
Thereafter | 0 | |
Subtotal | 6,465,026 | |
Premiums (discounts), net | (19,573) | |
Debt issuance costs, net | (27,961) | |
Totals | 6,417,492 | 6,516,392 |
Term Loans And Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
2,017 | 194,150 | |
2,018 | 961 | |
2,019 | 1,084 | |
2,020 | 1,190 | |
2,021 | 1,012 | |
2,022 | 427,886 | |
2,023 | 874,916 | |
2,024 | 911 | |
2,025 | 976 | |
2,026 | 696 | |
Thereafter | 5,368 | |
Subtotal | 1,509,150 | |
Premiums (discounts), net | 0 | |
Debt issuance costs, net | (10,149) | |
Totals | 1,499,001 | $ 2,115,457 |
Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
2,017 | 428,196 | |
2,018 | 570,291 | |
2,019 | 446,360 | |
2,020 | 428,725 | |
2,021 | 141,548 | |
2,022 | 163,172 | |
2,023 | 174,624 | |
2,024 | 133,308 | |
2,025 | 134,727 | |
2,026 | 1,223 | |
Thereafter | 1,161 | |
Subtotal | 2,623,335 | |
Premiums (discounts), net | 43,286 | |
Debt issuance costs, net | (9,843) | |
Totals | $ 2,656,778 |
Debt - Interest Expense (Detail
Debt - Interest Expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Debt Disclosure [Abstract] | |||
Gross interest expense | $ 383,098 | $ 394,012 | $ 377,666 |
Amortization of premium, net | (30,596) | (45,253) | (21,440) |
Amortization of debt issuance costs | 15,459 | 13,412 | 14,116 |
Interest expense before capitalization | 367,961 | 362,171 | 370,342 |
Capitalized amounts | (64,815) | (60,808) | (61,457) |
Net interest expense | 303,146 | 301,363 | 308,885 |
Total cash paid for interest, net of amounts capitalized | $ 322,442 | $ 345,916 | $ 258,441 |
Debt - Activity Related to Repu
Debt - Activity Related to Repurchase of Debt and Net Loss on Early Extinguishment of Debt (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | |||
Original principal amount | $ 1,881,200 | $ 1,818,400 | |
Cash purchase/repayment price | 1,984,500 | 1,991,500 | |
Losses (gains) on early extinguishment of debt, net | $ (2,484) | 86,303 | 165,300 |
Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Original principal amount | 709,700 | 1,290,400 | |
Cash purchase/repayment price | 789,000 | 1,460,300 | |
Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Original principal amount | 600,000 | 0 | |
Cash purchase/repayment price | 600,000 | 0 | |
Secured Mortgage Debt [Member] | |||
Debt Instrument [Line Items] | |||
Original principal amount | 571,500 | 528,000 | |
Cash purchase/repayment price | $ 595,500 | $ 531,200 |
Stockholders' Equity of Prolo85
Stockholders' Equity of Prologis Inc. - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2016USD ($)Agentshares | Dec. 31, 2015USD ($)shares | Dec. 31, 2014USD ($)shares | |
Shareholders Equity [Line Items] | |||
Common stock shares authorized to be issued | shares | 1,100,000,000 | ||
Common stock, shares authorized | shares | 1,000,000,000 | ||
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% | ||
Series Q Preferred Stock [Member] | |||
Shareholders Equity [Line Items] | |||
Preferred stock dividend rate percentage | 8.54% | 8.54% | |
2012 Long Term Incentive Plan [Member] | |||
Shareholders Equity [Line Items] | |||
Gross proceeds received for the issuance of common stock | $ 39,500,000 | $ 18,200,000 | $ 25,800,000 |
At the Market Offering [Member] | |||
Shareholders Equity [Line Items] | |||
Common stock, shares issued | shares | 1,700,000 | 3,300,000 | |
Net proceeds from issuance of common stock | $ 71,500,000 | $ 140,100,000 | |
Maximum proceeds from sale of stock | 750,000,000 | ||
Aggregate sales of stock remaining available | $ 535,200,000 | ||
Agents fee percentage | 2.00% | ||
Number of designated agents | Agent | 6 |
Stockholders' Equity of Prolo86
Stockholders' Equity of Prologis, Inc - Summary of Taxability of Common and Preferred Stock Dividends (Detail) - $ / shares | 12 Months Ended | |||
Dec. 31, 2016 | [1] | Dec. 31, 2015 | Dec. 31, 2014 | |
Class of Stock [Line Items] | ||||
Ordinary income | $ 0.60 | $ 0.36 | $ 0.29 | |
Qualified dividend | 0.15 | 0.08 | 0.41 | |
Capital gains | 0.93 | 1.08 | 0.62 | |
Total distribution | 1.68 | 1.52 | 1.32 | |
Series Q Preferred Stock [Member] | ||||
Class of Stock [Line Items] | ||||
Ordinary income | 2.02 | 0.77 | 0.71 | |
Qualified dividend | 0.29 | 0.62 | 1.01 | |
Capital gains | 1.96 | 2.88 | 2.55 | |
Total distribution | $ 4.27 | $ 4.27 | $ 4.27 | |
[1] | Taxability for 2016 is estimated. |
Partners' Capital of Prologis87
Partners' Capital of Prologis, L.P. - Additional Information (Detail) - $ / shares shares in Millions | 1 Months Ended | 12 Months Ended | ||
Oct. 31, 2015 | May 31, 2015 | Dec. 31, 2015 | Dec. 31, 2016 | |
Common Units | ||||
Shareholders Equity [Line Items] | ||||
Common limited partnership units, shares | 0.2 | |||
Dividends per share entitled, issued in acquisition | $ 0.40 | |||
Class A Common [Member] | ||||
Shareholders Equity [Line Items] | ||||
Common limited partnership units, shares | 8.9 | |||
Weighted average fair value at date of issuance | $ 41.06 | |||
Dividends per share entitled, issued in acquisition | $ 0.64665 | |||
Class A units convertible into common units | 8.7 | |||
Partnership unit, redemption price per share. | $ 43.11 | |||
KTR Capital Partners and Affiliates [Member] | ||||
Shareholders Equity [Line Items] | ||||
Common limited partnership units, shares | 4.5 |
Noncontrolling Interests - Addi
Noncontrolling Interests - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2016 | |
Prologis, L.P. [Member] | |
Noncontrolling Interest [Line Items] | |
Description of conversion rate | One share of common stock to one unit |
Noncontrolling Interests - Nonc
Noncontrolling Interests - Noncontrolling Interest Summary (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | May 29, 2015 | ||
Noncontrolling Interest [Line Items] | ||||
Parent Company's Ownership Percentage | 100.00% | |||
Operating Partnership noncontrolling interest | $ 3,072,469 | $ 3,320,227 | ||
Noncontrolling interests | 3,467,059 | 3,752,901 | ||
Total Assets | 30,249,932 | 31,394,767 | ||
Total Liabilities | 11,791,792 | 12,973,931 | ||
Non-controlling Interests [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Total Assets | 9,678,752 | 10,494,233 | ||
Total Liabilities | $ 1,871,094 | $ 2,055,704 | ||
Prologis US Logistics Venture [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Parent Company's Ownership Percentage | 55.00% | 55.00% | 55.00% | |
Operating Partnership noncontrolling interest | $ 2,424,800 | $ 2,677,642 | ||
Total Assets | 6,201,278 | 6,788,968 | ||
Total Liabilities | $ 797,593 | $ 847,084 | ||
Prologis North American Industrial Fund [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Parent Company's Ownership Percentage | [1] | 66.10% | 66.10% | |
Operating Partnership noncontrolling interest | [1] | $ 486,648 | $ 490,444 | |
Total Assets | [1] | 2,479,072 | 2,619,241 | |
Total Liabilities | [1] | $ 1,038,708 | $ 1,165,617 | |
Prologis Brazil Logistics Partners Fund I [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Parent Company's Ownership Percentage | [1],[2] | 50.00% | 50.00% | |
Operating Partnership noncontrolling interest | [1],[2] | $ 61,836 | $ 49,313 | |
Total Assets | [1],[2] | 131,581 | 100,836 | |
Total Liabilities | [1],[2] | $ 720 | 192 | |
Other Consolidated Entities [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Parent Company's Ownership | [3] | various | ||
Operating Partnership noncontrolling interest | [3] | $ 99,185 | 102,828 | |
Total Assets | [3] | 866,821 | 985,188 | |
Total Liabilities | [3] | 34,073 | 42,811 | |
Prologis, L.P. [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Noncontrolling interests | 3,072,469 | 3,320,227 | ||
Total Assets | 30,249,932 | 31,394,767 | ||
Total Liabilities | 11,791,792 | 12,973,931 | ||
Prologis, L.P. [Member] | Non-controlling Interests [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Limited partners in Prologis, L.P. | [4],[5] | 394,590 | 432,674 | |
Total Assets | [4],[5] | 0 | 0 | |
Total Liabilities | [4],[5] | 0 | 0 | |
Prologis Inc [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Total Assets | 9,678,752 | 10,494,233 | ||
Total Liabilities | 1,871,094 | 2,055,704 | ||
Prologis Inc [Member] | Non-controlling Interests [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Noncontrolling interests | $ 3,467,059 | $ 3,752,901 | ||
[1] | These ventures are considered VIE’s under the new consolidation guidance discussed in Note 2. Based on our evaluation, the noncontrolling interests in these ventures do not hold substantive participating or kick-out rights and therefore as a group they lack the power to direct the significant activities of these ventures that most significantly impact the venture’s economic performance. We have both the power to direct the significant activities and the obligation to absorb losses and the rights to receive benefits from these ventures. As a result, we are the primary beneficiary of both ventures and consistent with prior reporting periods, we consolidate each venture within our financial statements. | |||
[2] | The assets of the Brazil Fund are primarily investments in unconsolidated entities of $113.1 million and $103.1 million at December 31, 2016 and 2015, respectively. For additional information on our unconsolidated investments, see Note 5. | |||
[3] | This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At December 31, 2016 and 2015, limited partnership units were exchangeable into cash or, at our option, 1.8 million shares of the Parent’s common stock. In 2015, 52 thousand limited partnership units were redeemed for cash of $3.2 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. | |||
[4] | At December 31, 2016 and 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 4.6 million and 6.4 million shares of the Parent’s common stock with a fair value of $241.8 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2015, we issued 4.7 million common limited partnership units in the Operating Partnership, principally in connection with the KTR transaction, and in 2016 unitholders exchanged 1.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $52.2 million. At December 31, 2016 and 2015, there were 2.2 million and 1.2 million LTIP Units (as defined in Note 13) outstanding, respectively, associated with our long-term compensation plan that are exchangeable into common units of the Operating Partnership and redeemable into the Parent’s common stock after they vest and other applicable conditions are met. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly distributions paid on our common stock pursuant to the terms of the partnership agreement. | |||
[5] | We had 8.9 million of Class A Units that were convertible into 8.7 million and 8.8 million common limited partnership units of the Operating Partnership at December 31, 2016 and 2015, respectively. They were issued in the fourth quarter of 2015. See Note 11 for further discussion of our Class A Units. |
Noncontrolling Interests - No90
Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Noncontrolling Interest [Line Items] | ||||
Outstanding limited partnership units, redeemed | 52,000 | |||
Outstanding limited partnership redemption value | $ 3,200 | |||
Business acquisition, common limited partnership units issued | 4,600,000 | 6,400,000 | ||
Fair value of outstanding limited partnership units | $ 241,800 | $ 275,000 | ||
KTR Capital Partners and Affiliates [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Business acquisition, common limited partnership units issued | 0 | 4,700,000 | ||
LTIP Units [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Number of units outstanding | 2,200,000 | 1,200,000 | ||
Class A Common [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Units outstanding | 8,900,000 | 8,900,000 | ||
Conversion and exchange of units to shares | 8,700,000 | 8,800,000 | ||
Common Stock [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Outstanding limited partnership units | 1,800 | 1,800 | ||
Prologis Brazil Logistics Partners Fund I [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Investments in unconsolidated entities | $ 113,100 | $ 103,100 | ||
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Units outstanding | 8,894,000 | 8,894,000 | ||
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Units outstanding | 5,323,000 | 6,711,000 | 1,767,000 | 1,767,000 |
Conversion and exchange of units to shares | (1,877,000) | |||
Conversion of limited partners units, value | $ (52,256) |
Long-Term Compensation - Additi
Long-Term Compensation - Additional Information (Detail) - USD ($) | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Stock options outstanding | 2,100,000 | |||
Stock options exercisable | 2,100,000 | |||
Stock options outstanding, weighted average exercise price | $ 36.14 | |||
Stock options exercisable, weighted average exercise price | $ 36.14 | |||
Weighted average life | 2 years 6 months | |||
Aggregate intrinsic value of exercised options | $ 45,600,000 | $ 13,700,000 | $ 5,800,000 | |
Options granted | 0 | |||
Employer contribution for every dollar | 0.50% | |||
Vesting percentage on defined contribution plan | 100.00% | |||
Vesting period for acquired plan | 1 year | |||
Compensation cost related to employees contribution plans | $ 2,700,000 | $ 2,500,000 | $ 2,200,000 | |
Restricted Stock Units (RSUs) [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Compensation cost | $ 31,400,000 | |||
Remaining weighted average period | 1 year 4 months 24 days | |||
LTIP Units [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Vesting period | 3 years | |||
Compensation cost | $ 38,600,000 | |||
Remaining weighted average period | 1 year 4 months 24 days | |||
Number of units outstanding | 2,219,000 | 1,244,000 | ||
POP LTIP Units [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Number of units outstanding | 3,490,000 | 3,464,000 | ||
2014 – 2016 Performance Periods [Member] | POP LTIP Units [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Number of units outstanding | 1,300,000 | |||
2016 – 2018 Performance Periods [Member] | POP LTIP Units [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Number of units outstanding | 800,000 | |||
2015 – 2017 Performance Periods [Member] | POP LTIP Units [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Number of units outstanding | 1,400,000 | |||
Maximum [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Percentage of employees annual compensation within the statutory compensation limit | 6.00% | |||
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 | |||
Common stock available for future issuance | 19,400,000 | |||
Description of conversion rate | 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 | |||
Prologis Out-Performance Plan [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Performance Period | 3 years | |||
Outperformance hurdle, above MSCI U.S. REIT Index | 1.00% | |||
Performance 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 | |||
Percentage of excess award amount | 0.333% | |||
Prologis Out-Performance Plan [Member] | Subsequent Event [Member] | 2014 – 2016 Performance Periods [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Aggregate of performance pool award | $ 62,200,000 | |||
Prologis Promote Plan [Member] | ||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||
Total compensation pool | 40.00% | |||
Vesting period | 3 years |
Long-Term Compensation - Assump
Long-Term Compensation - Assumptions of Grant Using Monte Carlo Valuation Model (Detail) - POP LTIP Units [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Risk free interest rate | 0.99% | 0.86% | 0.67% |
Expected volatility | 20.50% | 28.00% | 38.00% |
Aggregate fair value | $ 26,600 | $ 26,500 | $ 23,100 |
Long-Term Compensation - Summar
Long-Term Compensation - Summary of Equity Awards Granted (Detail) - Prologis Promote Plan [Member] - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Restricted Stock Units (RSUs) [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Granted | 77 | 0 | 57 |
Grant date fair value | $ 4,126 | $ 0 | $ 2,327 |
Long-Term Incentive Plan Units (LTIP units) [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Granted | 197 | 0 | 113 |
Grant date fair value | $ 8,984 | $ 0 | $ 4,692 |
Long-Term Compensation - RSU an
Long-Term Compensation - RSU and Performance Share Awards (Detail) shares in Thousands | 12 Months Ended |
Dec. 31, 2016$ / sharesshares | |
RSU and PSA [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Number of Awards, beginning balance | 1,626 |
Granted | 843 |
Vested and distributed | (807) |
Forfeited | (45) |
Number of Awards, ending balance | 1,617 |
Weighted Average Grant-Date Fair Value | $ / shares | $ 42.21 |
Weighted Average Grant-Date Fair Value, Granted | $ / shares | 38.53 |
Weighted Average Grant-Date Fair Value, Vested | $ / shares | 41.70 |
Weighted Average Grant-Date Fair Value, Forfeited | $ / shares | 41.08 |
Weighted Average Grant-Date Fair Value | $ / shares | $ 40.58 |
Number of Shares, Beginning Balance | 109 |
Number of Shares, Ending Balance | 125 |
LTIP Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Number of Awards, beginning balance | 1,244 |
Granted | 975 |
Number of Awards, ending balance | 2,219 |
Weighted Average Grant-Date Fair Value | $ / shares | $ 42.21 |
Weighted Average Grant-Date Fair Value, Granted | $ / shares | 39.01 |
Weighted Average Grant-Date Fair Value | $ / shares | $ 40.81 |
Number of Shares, Beginning Balance | 303 |
Number of Shares, Ending Balance | 743 |
POP LTIP Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Number of Awards, beginning balance | 3,464 |
Granted | 953 |
Forfeited | (927) |
Number of Awards, ending balance | 3,490 |
Income Taxes - Components of Ea
Income Taxes - Components of Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |||
Domestic | $ 719,018 | $ 511,025 | $ 390,874 |
International | 628,086 | 437,580 | 322,754 |
Earnings before income taxes | $ 1,347,104 | $ 948,605 | $ 713,628 |
Income Taxes - Components of Pr
Income Taxes - Components of Provision for Income Tax (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Current income tax expense (benefit): | |||
U.S. federal | $ 7,153 | $ (11,633) | $ (6,585) |
International | 38,493 | 27,494 | 52,155 |
State and local | 14,443 | 12,286 | 16,014 |
Total current tax expense | 60,089 | 28,147 | 61,584 |
Deferred income tax expense (benefit): | |||
U.S. federal | (3,306) | (810) | (27,374) |
International | (2,219) | (4,247) | (59,866) |
Total deferred tax benefit | (5,525) | (5,057) | (87,240) |
Total income tax expense (benefit) | $ 54,564 | $ 23,090 | $ (25,656) |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |||
Change in uncertain tax positions | $ (0.3) | $ (3) | $ 1.1 |
Cash paid for income taxes, net of refunds | 29.3 | 24.1 | 105.4 |
Liability for uncertain tax positions | $ 3 | $ 3.3 | $ 0.3 |
Income Taxes - Deferred Income
Income Taxes - Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Gross deferred income tax assets: | ||
Net operating loss carryforwards | $ 350,909 | $ 321,144 |
Basis difference – real estate properties | 56,827 | 89,856 |
Basis difference – equity investments and intangibles | 4,666 | 15,593 |
Section 163(j) interest limitation | 40,766 | 32,684 |
Capital loss carryforward | 25,145 | 25,282 |
Other – temporary differences | 5,578 | 8,993 |
Total gross deferred income tax assets | 483,891 | 493,552 |
Valuation allowance | (456,699) | (467,440) |
Gross deferred income tax assets, net of valuation allowance | 27,192 | 26,112 |
Gross deferred income tax liabilities: | ||
Basis difference – real estate properties | 70,914 | 82,160 |
Basis difference – equity investments and intangibles | 6,864 | 6,170 |
Other – temporary differences | 1,028 | 993 |
Total gross deferred income tax liabilities | 78,806 | 89,323 |
Net deferred income tax liabilities | $ 51,614 | $ 63,211 |
Income Taxes - Summary of Opera
Income Taxes - Summary of Operating Loss Carryforwards (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Operating Loss Carryforwards [Line Items] | ||
Tax-effected NOL carryforward | $ 350,909 | $ 321,144 |
U.S. [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 97,565 | |
Tax-effected NOL carryforward | 36,597 | |
Valuation allowance | (36,597) | |
Net deferred tax asset – NOL carryforward | $ 0 | |
U.S. [Member] | Minimum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,023 | |
U.S. [Member] | Maximum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,036 | |
Europe [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | $ 640,431 | |
Tax-effected NOL carryforward | 162,067 | |
Valuation allowance | (146,684) | |
Net deferred tax asset – NOL carryforward | $ 15,383 | |
Expiration periods | 2017 – indefinite | |
Europe [Member] | Minimum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,017 | |
Mexico [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | $ 371,284 | |
Tax-effected NOL carryforward | 117,633 | |
Valuation allowance | (117,633) | |
Net deferred tax asset – NOL carryforward | $ 0 | |
Mexico [Member] | Minimum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,017 | |
Mexico [Member] | Maximum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,027 | |
Japan [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | $ 115,154 | |
Tax-effected NOL carryforward | 23,001 | |
Valuation allowance | (23,001) | |
Net deferred tax asset – NOL carryforward | $ 0 | |
Japan [Member] | Minimum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,017 | |
Japan [Member] | Maximum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,025 | |
Other [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | $ 48,318 | |
Tax-effected NOL carryforward | 11,611 | |
Valuation allowance | (11,611) | |
Net deferred tax asset – NOL carryforward | $ 0 | |
Expiration periods | 2017 – indefinite | |
Other [Member] | Minimum [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,017 |
Earnings Per Common Share or100
Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share Unit (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | $ 440,539 | $ 279,255 | $ 275,383 | $ 208,041 | $ 118,363 | $ 258,979 | $ 140,240 | $ 345,206 | $ 1,203,218 | $ 862,788 | $ 622,235 |
Net earnings attributable to exchangeable limited partnership units | 37,079 | 13,120 | 3,636 | ||||||||
Gains, net of expenses, associated with exchangeable debt assumed exchanged | 0 | (1,614) | 0 | ||||||||
Adjusted net earnings attributable to common stockholders – Diluted | $ 1,240,297 | $ 874,294 | $ 625,871 | ||||||||
Weighted average common shares/units outstanding – Basic | 526,103 | 521,241 | 499,583 | ||||||||
Incremental weighted average effect on exchange of limited partnership units | 16,833 | 8,569 | 3,501 | ||||||||
Incremental weighted average effect of equity awards and warrant | 3,730 | 1,961 | 3,307 | ||||||||
Incremental weighted average effect on exchangeable debt assumed exchanged | 0 | 2,173 | 0 | ||||||||
Weighted average common shares/partnership units outstanding - Diluted | 546,666 | 533,944 | 506,391 | ||||||||
Net earnings per share/unit attributable to common stockholders/unitholders - | |||||||||||
Basic | $ 0.83 | $ 0.53 | $ 0.52 | $ 0.40 | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.67 | $ 2.29 | $ 1.66 | $ 1.25 |
Diluted | $ 0.82 | $ 0.52 | $ 0.52 | $ 0.39 | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.65 | $ 2.27 | $ 1.64 | $ 1.24 |
Prologis, L.P. [Member] | |||||||||||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | $ 1,237,519 | $ 873,914 | $ 624,436 | ||||||||
Net earnings attributable to exchangeable limited partnership units | 2,778 | 1,994 | 1,435 | ||||||||
Gains, net of expenses, associated with exchangeable debt assumed exchanged | 0 | (1,614) | 0 | ||||||||
Adjusted net earnings attributable to common stockholders – Diluted | $ 1,240,297 | $ 874,294 | $ 625,871 | ||||||||
Weighted average common shares/units outstanding – Basic | 532,326 | 525,912 | 501,349 | ||||||||
Incremental weighted average effect on exchange of Class A convertible units | 8,775 | 2,050 | 0 | ||||||||
Incremental weighted average effect on exchange of limited partnership units | 1,835 | 1,848 | 1,735 | ||||||||
Incremental weighted average effect of equity awards and warrant | 3,730 | 1,961 | 3,307 | ||||||||
Incremental weighted average effect on exchangeable debt assumed exchanged | 0 | 2,173 | 0 | ||||||||
Weighted average common shares/partnership units outstanding - Diluted | 546,666 | 533,944 | 506,391 | ||||||||
Net earnings per share/unit attributable to common stockholders/unitholders - | |||||||||||
Basic | $ 2.29 | $ 1.66 | $ 1.25 | ||||||||
Diluted | $ 2.27 | $ 1.64 | $ 1.24 | ||||||||
Prologis, L.P. [Member] | Class A Common [Member] | |||||||||||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | $ (20,069) | $ (3,393) | $ 0 | ||||||||
Adjusted net earnings attributable to common stockholders – Diluted | 20,069 | 3,393 | 0 | ||||||||
Prologis, L.P. [Member] | Common Units | |||||||||||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | $ 1,217,450 | $ 870,521 | $ 624,436 |
Earnings Per Common Share or101
Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share Unit (Parenthetical) (Detail) - shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||
Total potential dilutive shares and units outstanding | 25,277 | 18,041 | 29,943 |
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 | 10,610 | 3,898 | 1,932 |
Total potentially dilutive stock awards outstanding | 8,444 | 7,299 | 14,366 |
Total weighted average potentially dilutive shares and units from exchangeable debt outstanding | 0 | 2,173 | 11,879 |
Total potential dilutive shares and units outstanding | 19,054 | 13,370 | 28,177 |
Total potential dilutive shares and units outstanding limited partnership | 6,223 | 4,671 | 1,766 |
Financial Instruments and Fa102
Financial Instruments and Fair Value Measurements - Schedule of Fair Value and Classification of Derivative Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Derivatives Fair Value [Line Items] | ||
Asset | $ 47,114 | $ 53,579 |
Liability | 1,268 | 13,729 |
Forwards and Options [Member] | GBP [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 16,985 | 4,241 |
Liability | 0 | 745 |
Forwards and Options [Member] | EUR | ||
Derivatives Fair Value [Line Items] | ||
Asset | 10,933 | 11,711 |
Liability | 0 | 84 |
Forwards and Options [Member] | JPY [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 9,246 | 832 |
Liability | 1,071 | 717 |
Forwards and Options [Member] | Other Currency [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 831 | 3,324 |
Liability | 197 | 88 |
Interest Rate Hedges [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 435 | 0 |
Liability | 0 | 12,095 |
Net Investment Hedges [Member] | CAD | ||
Derivatives Fair Value [Line Items] | ||
Asset | 1,245 | 0 |
Liability | 0 | 0 |
Net Investment Hedges [Member] | GBP [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 7,439 | 33,471 |
Liability | $ 0 | $ 0 |
Financial Instruments and Fa103
Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2016USD ($)DerivativeCAD / $£ / $¥ / $€ / $ | Dec. 31, 2016EUR (€)DerivativeCAD / $£ / $¥ / $€ / $ | Dec. 31, 2016JPY (¥)DerivativeCAD / $£ / $¥ / $€ / $ | Dec. 31, 2016CADDerivativeCAD / $£ / $¥ / $€ / $ | Dec. 31, 2016GBP (£)DerivativeCAD / $£ / $¥ / $€ / $ | Dec. 31, 2015USD ($) | Dec. 31, 2015EUR (€) | Dec. 31, 2015JPY (¥) | Dec. 31, 2015CAD | Dec. 31, 2015GBP (£) | Dec. 31, 2014USD ($) | Dec. 31, 2014EUR (€) | Dec. 31, 2014JPY (¥) | Dec. 31, 2014GBP (£) | |||||
Net Investment Hedges [Member] | CAD | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | $ 0 | CAD 0 | $ 0 | CAD 0 | ||||||||||||||
New contracts | 100,000,000 | 133,000,000 | 298,000,000 | 394,000,000 | ||||||||||||||
Matured, expired or settled contracts | 0 | 0 | (298,000,000) | (394,000,000) | ||||||||||||||
Notional amounts at December 31 | $ 100,000,000 | CAD 133,000,000 | 0 | CAD 0 | $ 0 | |||||||||||||
Weighted average forward rate at December 31 | CAD / $ | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | |||||||||||||
Active contracts at December 31 | 2 | 2 | 2 | 2 | 2 | |||||||||||||
Net Investment Hedges [Member] | GBP [Member] | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | $ 386,000,000 | £ 238,000,000 | 400,000,000 | £ 238,000,000 | 0 | £ 0 | ||||||||||||
New contracts | 131,000,000 | 90,000,000 | 186,000,000 | 118,000,000 | 400,000,000 | 238,000,000 | ||||||||||||
Matured, expired or settled contracts | (471,000,000) | (297,000,000) | (200,000,000) | (118,000,000) | 0 | 0 | ||||||||||||
Notional amounts at December 31 | $ 46,000,000 | £ 31,000,000 | 386,000,000 | 238,000,000 | 400,000,000 | 238,000,000 | ||||||||||||
Weighted average forward rate at December 31 | £ / $ | 1.51 | 1.51 | 1.51 | 1.51 | 1.51 | |||||||||||||
Active contracts at December 31 | 2 | 2 | 2 | 2 | 2 | |||||||||||||
Net Investment Hedges [Member] | JPY | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | $ 0 | ¥ 0 | 250,000,000 | ¥ 24,136,000,000 | 250,000,000 | ¥ 24,136,000,000 | ||||||||||||
New contracts | 99,000,000 | 11,189,000,000 | 353,000,000 | 43,373,000,000 | 769,000,000 | 79,010,000,000 | ||||||||||||
Matured, expired or settled contracts | (99,000,000) | (11,189,000,000) | (603,000,000) | (67,509,000,000) | (769,000,000) | (79,010,000,000) | ||||||||||||
Notional amounts at December 31 | $ 0 | ¥ 0 | 0 | 0 | 250,000,000 | 24,136,000,000 | ||||||||||||
Weighted average forward rate at December 31 | ¥ / $ | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Active contracts at December 31 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Net Investment Hedges [Member] | EUR | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | $ 0 | € 0 | 400,000,000 | € 300,000,000 | 800,000,000 | € 600,000,000 | ||||||||||||
New contracts | 0 | 0 | 2,354,000,000 | 1,746,000,000 | ||||||||||||||
Matured, expired or settled contracts | (400,000,000) | (300,000,000) | (2,754,000,000) | (2,046,000,000) | ||||||||||||||
Notional amounts at December 31 | 0 | 0 | 400,000,000 | 300,000,000 | ||||||||||||||
Foreign Currency Contracts [Member] | GBP [Member] | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | 148,000,000 | [1] | £ 97,000,000 | 0 | [1] | 0 | ||||||||||||
New contracts | 0 | [1] | 0 | 300,000,000 | [1] | 199,000,000 | ||||||||||||
Matured, expired or settled contracts | (70,000,000) | [1] | (49,000,000) | (152,000,000) | [1] | (102,000,000) | ||||||||||||
Notional amounts at December 31 | $ 78,000,000 | [1] | £ 48,000,000 | 148,000,000 | [1] | £ 97,000,000 | 0 | [1] | £ 0 | |||||||||
Weighted average forward rate at December 31 | £ / $ | 1.54 | 1.54 | 1.54 | 1.54 | 1.54 | |||||||||||||
Active contracts at December 31 | 8 | 8 | 8 | 8 | 8 | |||||||||||||
Foreign Currency Contracts [Member] | JPY | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | $ 109,000,000 | [1] | ¥ 12,840,000,000 | 0 | [1] | 0 | ||||||||||||
New contracts | 146,000,000 | [1] | 15,460,000,000 | 159,000,000 | [1] | 18,740,000,000 | ||||||||||||
Matured, expired or settled contracts | (111,000,000) | [1] | (12,800,000,000) | (50,000,000) | [1] | (5,900,000,000) | ||||||||||||
Notional amounts at December 31 | $ 144,000,000 | [1] | ¥ 15,500,000,000 | 109,000,000 | [1] | ¥ 12,840,000,000 | 0 | [1] | ¥ 0 | |||||||||
Weighted average forward rate at December 31 | ¥ / $ | 107.68 | 107.68 | 107.68 | 107.68 | 107.68 | |||||||||||||
Active contracts at December 31 | 30 | 30 | 30 | 30 | 30 | |||||||||||||
Foreign Currency Contracts [Member] | EUR | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | $ 310,000,000 | [1] | € 275,000,000 | 354,000,000 | [1] | 284,000,000 | 0 | [1] | 0 | |||||||||
New contracts | 413,000,000 | [1] | 369,000,000 | 375,000,000 | [1] | 333,000,000 | 464,000,000 | [1] | 365,000,000 | |||||||||
Matured, expired or settled contracts | (526,000,000) | [1] | (470,000,000) | (419,000,000) | [1] | (342,000,000) | (110,000,000) | [1] | (81,000,000) | |||||||||
Notional amounts at December 31 | $ 197,000,000 | [1] | € 174,000,000 | 310,000,000 | [1] | € 275,000,000 | 354,000,000 | [1] | € 284,000,000 | |||||||||
Weighted average forward rate at December 31 | € / $ | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | |||||||||||||
Active contracts at December 31 | 24 | 24 | 24 | 24 | 24 | |||||||||||||
Foreign Currency Contracts [Member] | USD [Member] | ||||||||||||||||||
Derivative [Line Items] | ||||||||||||||||||
Notional amounts at January 1 | $ | [1] | $ 50,000,000 | 0 | |||||||||||||||
New contracts | $ | [1] | 15,000,000 | 71,000,000 | |||||||||||||||
Matured, expired or settled contracts | $ | [1] | (27,000,000) | (21,000,000) | |||||||||||||||
Notional amounts at December 31 | $ | [1] | $ 38,000,000 | $ 50,000,000 | $ 0 | ||||||||||||||
Active contracts at December 31 | 16 | 16 | 16 | 16 | 16 | |||||||||||||
[1] | During 2016, 2015 and 2014, we exercised 49, 32 and 3 option contracts and realized gains of $3.0 million, $14.6 million and $1.1 million, respectively, in Foreign Currency and Derivative Gains (Losses), Net. |
Financial Instruments and Fa104
Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Parenthetical) (Detail) $ in Millions | 12 Months Ended | ||
Dec. 31, 2016USD ($)Contracts | Dec. 31, 2015USD ($)Contracts | Dec. 31, 2014USD ($)Contracts | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |||
Number of option contracts exercised | Contracts | 49 | 32 | 3 |
Gains (losses) from option contracts exercised | $ | $ 3 | $ 14.6 | $ 1.1 |
Financial Instruments and Fa105
Financial Instruments and Fair Value Measurements - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2015USD ($)Contracts | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($)Contracts | Dec. 31, 2014USD ($)Contracts | Dec. 31, 2015JPY (¥) | Dec. 31, 2015CAD | Dec. 31, 2014JPY (¥) | Dec. 31, 2013USD ($) | |
Derivatives Fair Value [Line Items] | ||||||||
Gains (losses) from option contracts exercised | $ 3,000,000 | $ 14,600,000 | $ 1,100,000 | |||||
Carrying Value of Debt | 10,608,294,000 | 11,626,831,000 | ||||||
Principal Amount | 10,632,534,000 | |||||||
Loss on forward derivative contracts | 11,000,000 | |||||||
Foreign currency translation gains (losses) | (304,000,000) | (594,000,000) | (614,800,000) | |||||
JPY | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Carrying Value of Debt | 1,300,000,000 | |||||||
Yen Term Loan [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Settlement of outstanding derivative contracts | 26,300,000 | |||||||
Yen Term Loan [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Carrying Value of Debt | 13,700,000 | |||||||
October 2015 [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Principal Amount | 750,000,000 | |||||||
Foreign Currency Options [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Unrealized gains (losses) on foreign exchange transactions | 19,100,000 | 22,100,000 | 7,700,000 | |||||
Interest Rate Hedges [Member] | JPY | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Gains (losses) from option contracts exercised | (9,900,000) | |||||||
Interest Rate Swaps [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Notional value of derivative | $ 271,000,000 | $ 1,196,000,000 | $ 398,000,000 | $ 71,000,000 | ||||
Interest Rate Swaps [Member] | 2015 Yen Term Loan [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Number of contracts | Contracts | 2 | |||||||
Notional value of derivative | $ 526,300,000 | ¥ 65,000,000,000 | ||||||
Interest Rate Swaps [Member] | 2015 Canadian Term Loan [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Number of contracts | Contracts | 3 | |||||||
Notional value of derivative | $ 271,200,000 | CAD 371,900,000 | ||||||
Interest Rate Swaps [Member] | Future Debt Issuance [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Number of contracts | Contracts | 2 | |||||||
Notional value of derivative | $ 360,000,000 | |||||||
Interest Rate Swaps [Member] | Future Debt Issuance [Member] | LIBOR [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Fixed interest rate | 2.30% | |||||||
Interest Rate Swaps [Member] | 2014 Yen Term Loan [Member] | ||||||||
Derivatives Fair Value [Line Items] | ||||||||
Number of contracts | Contracts | 2 | |||||||
Notional value of derivative | $ 398,300,000 | ¥ 40,900,000,000 |
Financial Instruments and Fa106
Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Detail) - Interest Rate Swaps [Member] - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Derivative [Line Items] | |||
Notional amounts at January 1 | $ 1,196,000,000 | $ 398,000,000 | $ 71,000,000 |
New contracts | 0 | 1,158,000,000 | 398,000,000 |
Matured, expired or settled contracts | (925,000,000) | (360,000,000) | (71,000,000) |
Notional amounts at December 31 | $ 271,000,000 | $ 1,196,000,000 | $ 398,000,000 |
Financial Instruments and Fa107
Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Parenthetical) (Detail) | Dec. 31, 2016Derivative |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Number of interest rate swaps hedges outstanding | 3 |
Financial Instruments and Fa108
Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total derivative instruments | $ 54,111 | $ 46,477 | $ 115,666 |
Total derivative and nonderivative hedging instruments | 166,702 | 367,625 | 436,862 |
Designated As Hedging Instrument [Member] | Derivative Net Investment Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total derivative instruments | 55,460 | 63,934 | 122,164 |
Designated As Hedging Instrument [Member] | Interest Rate and Cash Flow Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total derivative instruments | (551) | (21,714) | (804) |
Designated As Hedging Instrument [Member] | Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total derivative instruments | (798) | 4,257 | (5,694) |
Non-Derivative Net Investment Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Nonderivative net investment hedges | $ 112,591 | $ 321,148 | $ 321,196 |
Financial Instruments and Fa109
Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Parenthetical) (Detail) $ in Thousands, € in Millions | 12 Months Ended | ||||||
Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2016EUR (€) | Dec. 31, 2015EUR (€) | Dec. 31, 2014EUR (€) | |
Derivative Instruments Gain Loss [Line Items] | |||||||
Amount received from (paid for) on settlement of net investment hedges | $ 79,800 | $ 128,200 | $ 13,000 | ||||
Interest expense reclassified | 303,146 | 301,363 | 308,885 | ||||
Debt | 10,608,294 | 11,626,831 | |||||
Amount of gain (loss) included in AOCI | (135,958) | (208,901) | (171,401) | ||||
Forward Contracts | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Amount of gain (loss) included in AOCI | 0 | 10,000 | 7,700 | ||||
Designated As Hedging Instrument [Member] | Forward Contracts | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Debt | 3,400,000 | 3,500,000 | 3,000,000 | € 3,200 | € 3,200 | € 2.5 | |
Non-Derivative Net Investment Hedges [Member] | Forward Contracts | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Debt | 118,500 | € 97.6 | |||||
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Interest expense reclassified | $ 5,500 | $ 5,500 | $ 5,500 | ||||
Scenario Forecast | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Interest expense reclassified | $ 5,400 |
Financial Instruments and Fa110
Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | $ 10,608,294 | $ 11,626,831 |
Fair Value of Debt | 11,219,716 | 12,017,527 |
Credit Facilities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 35,023 | 0 |
Fair Value of Debt | 35,061 | 0 |
Senior Notes [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 6,417,492 | 6,516,392 |
Fair Value of Debt | 6,935,485 | 6,801,118 |
Term Loans and Unsecured Other Debt [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 1,499,001 | 2,115,457 |
Fair Value of Debt | 1,510,661 | 2,128,270 |
Secured Mortgages [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 979,585 | 1,172,473 |
Fair Value of Debt | 1,055,020 | 1,262,778 |
Secured Mortgage of Consolidated Entities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 1,677,193 | 1,822,509 |
Fair Value of Debt | $ 1,683,489 | $ 1,825,361 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Commitments And Contingencies Disclosure [Abstract] | ||
Percentage of agreement indemnification | 100.00% | |
Outstanding performance and surety bonds | $ 123.5 | $ 131.1 |
Business Segments - Additional
Business Segments - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2016Segment | |
Segment Reporting [Abstract] | |
Number of operating segments | 2 |
Business Segments - Segment Rep
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | $ 620,115 | $ 704,565 | $ 602,155 | $ 606,300 | $ 643,201 | $ 580,622 | $ 510,404 | $ 462,847 | $ 2,533,135 | $ 2,197,074 | $ 1,760,787 | |
Consolidated net earnings | 164,208 | $ 232,624 | $ 142,348 | $ 129,198 | 105,551 | $ 103,392 | $ 87,348 | $ 83,881 | 668,378 | 380,172 | 319,808 | |
General and administrative expenses | 222,067 | 217,227 | 229,332 | |||||||||
Depreciation and amortization expenses | 930,985 | 880,373 | 642,461 | |||||||||
Earnings from unconsolidated entities, net | 206,307 | 159,262 | 134,288 | |||||||||
Interest expense | (303,146) | (301,363) | (308,885) | |||||||||
Interest and other income, net | 8,101 | 25,484 | 25,768 | |||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 757,398 | 758,887 | 725,790 | |||||||||
Foreign currency and derivative gains (losses), net | 7,582 | 12,466 | (17,841) | |||||||||
Gains (losses) on early extinguishment of debt, net | 2,484 | (86,303) | (165,300) | |||||||||
Earnings before income taxes | 1,347,104 | 948,605 | 713,628 | |||||||||
Total assets | 30,249,932 | 31,394,767 | 30,249,932 | 31,394,767 | ||||||||
Investments in and advances to unconsolidated entities | 4,230,429 | 4,755,620 | 4,230,429 | 4,755,620 | ||||||||
Assets held for sale or contribution | 322,139 | 378,423 | 322,139 | 378,423 | ||||||||
Notes receivable backed by real estate | 32,100 | 235,050 | 32,100 | 235,050 | ||||||||
Cash and cash equivalents | 807,316 | 264,080 | 807,316 | 264,080 | 350,692 | $ 491,129 | ||||||
Other assets | 1,496,990 | 1,514,510 | 1,496,990 | 1,514,510 | ||||||||
Operating Segments [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 2,533,135 | 2,197,074 | 1,760,787 | |||||||||
Consolidated net earnings | 1,821,430 | 1,477,772 | 1,191,601 | |||||||||
Total assets | 24,614,975 | 25,470,558 | 24,614,975 | 25,470,558 | ||||||||
Operating Segments [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 2,238,583 | 1,986,712 | 1,540,916 | |||||||||
Consolidated net earnings | 1,655,384 | 1,375,832 | 1,087,160 | |||||||||
Total assets | 24,547,949 | 25,399,230 | 24,547,949 | 25,399,230 | ||||||||
Operating Segments [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 294,552 | 210,362 | 219,871 | |||||||||
Consolidated net earnings | 166,046 | 101,940 | 104,441 | |||||||||
Total assets | 67,026 | 71,328 | 67,026 | 71,328 | ||||||||
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 2,040,308 | 1,801,858 | 1,306,194 | |||||||||
Consolidated net earnings | 1,520,571 | 1,256,188 | 932,151 | |||||||||
Total assets | 21,286,422 | 22,030,457 | 21,286,422 | 22,030,457 | ||||||||
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 39,360 | 39,396 | 84,178 | |||||||||
Consolidated net earnings | (1,622) | (1,925) | 38,101 | |||||||||
Total assets | 18,090 | 19,363 | 18,090 | 19,363 | ||||||||
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 58,541 | 57,535 | 97,370 | |||||||||
Consolidated net earnings | 38,136 | 38,280 | 69,120 | |||||||||
Total assets | 978,476 | 919,381 | 978,476 | 919,381 | ||||||||
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 22,777 | 22,288 | 10,990 | |||||||||
Consolidated net earnings | 12,755 | 13,277 | 1,911 | |||||||||
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 76,759 | 69,527 | 74,413 | |||||||||
Consolidated net earnings | 55,563 | 39,672 | 40,627 | |||||||||
Total assets | 1,346,589 | 1,291,991 | 1,346,589 | 1,291,991 | ||||||||
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 185,495 | 112,793 | 86,549 | |||||||||
Consolidated net earnings | 142,975 | 86,264 | 56,869 | |||||||||
Total assets | 47,635 | 49,960 | 47,635 | 49,960 | ||||||||
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 62,975 | 57,792 | 62,939 | |||||||||
Consolidated net earnings | 41,114 | 41,692 | 45,262 | |||||||||
Total assets | 936,462 | 1,157,401 | 936,462 | 1,157,401 | ||||||||
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 46,920 | 35,885 | 38,154 | |||||||||
Consolidated net earnings | 11,938 | 4,324 | 7,560 | |||||||||
Total assets | 1,301 | 2,005 | 1,301 | 2,005 | ||||||||
Reconciling Items [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Consolidated net earnings | 668,378 | 380,172 | 319,808 | |||||||||
General and administrative expenses | 222,067 | 217,227 | 229,332 | |||||||||
Depreciation and amortization expenses | 930,985 | 880,373 | 642,461 | |||||||||
Earnings from unconsolidated entities, net | 206,307 | 159,262 | 134,288 | |||||||||
Interest expense | (303,146) | (301,363) | (308,885) | |||||||||
Interest and other income, net | 8,101 | 25,484 | 25,768 | |||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 757,398 | 758,887 | 725,790 | |||||||||
Foreign currency and derivative gains (losses), net | 7,582 | 12,466 | (17,841) | |||||||||
Gains (losses) on early extinguishment of debt, net | 2,484 | (86,303) | $ (165,300) | |||||||||
Total assets | 5,634,957 | 5,924,209 | 5,634,957 | 5,924,209 | ||||||||
Investments in and advances to unconsolidated entities | 4,230,429 | 4,755,620 | 4,230,429 | 4,755,620 | ||||||||
Assets held for sale or contribution | 322,139 | 378,423 | 322,139 | 378,423 | ||||||||
Notes receivable backed by real estate | 32,100 | 235,050 | 32,100 | 235,050 | ||||||||
Cash and cash equivalents | 807,316 | 264,080 | 807,316 | 264,080 | ||||||||
Other assets | $ 242,973 | $ 291,036 | $ 242,973 | $ 291,036 |
Business Segments - Segment 114
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Parenthetical) (Detail) - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015 |
Strategic Capital [Member] | Europe [Member] | ||
Segment Reporting Information [Line Items] | ||
Goodwill | $ 25.3 | $ 25.3 |
Supplemental Cash Flow Infor115
Supplemental Cash Flow Information - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Supplemental Cash Flow Information [Line Items] | |||
Capitalization for equity based compensation expense | $ 25,800 | $ 22,700 | $ 21,600 |
Notes receivable backed by real estate | 32,100 | 235,050 | |
KTR Capital Partners and Affiliates [Member] | |||
Supplemental Cash Flow Information [Line Items] | |||
Secured mortgage debt | 290,700 | ||
Assumed debt | 170,100 | ||
Unconsolidated Entities [Member] | |||
Supplemental Cash Flow Information [Line Items] | |||
Equity ownership interest received | 135,300 | 65,300 | |
FIBRA Prologis [Member] | |||
Supplemental Cash Flow Information [Line Items] | |||
Equity ownership interest received | 609,700 | ||
Assumed debt | $ 345,100 | ||
Prologis, L.P. [Member] | |||
Supplemental Cash Flow Information [Line Items] | |||
Notes receivable backed by real estate | $ 32,100 | $ 235,050 | |
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member] | |||
Supplemental Cash Flow Information [Line Items] | |||
Conversion of limited partners units, shares | (1,877) |
Selected Quarterly Financial116
Selected Quarterly Financial Data (Unaudited) - Selected Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Selected Quarterly Financial Data [Line Items] | |||||||||||
Rental revenues | $ 435,722 | $ 435,868 | $ 426,150 | $ 437,104 | $ 435,626 | $ 418,116 | $ 357,828 | $ 324,547 | $ 1,734,844 | $ 1,536,117 | $ 1,178,609 |
Rental recoveries | 124,163 | 124,409 | 119,981 | 117,012 | 124,560 | 114,639 | 103,616 | 94,255 | 485,565 | 437,070 | 348,740 |
Total revenues | 620,115 | 704,565 | 602,155 | 606,300 | 643,201 | 580,622 | 510,404 | 462,847 | 2,533,135 | 2,197,074 | 1,760,787 |
Rental expenses | (141,050) | (140,514) | (140,725) | (146,581) | (150,983) | (140,284) | (125,820) | (127,095) | (568,870) | (544,182) | (430,289) |
Operating income | 164,208 | 232,624 | 142,348 | 129,198 | 105,551 | 103,392 | 87,348 | 83,881 | 668,378 | 380,172 | 319,808 |
Consolidated net earnings | 466,702 | 307,242 | 295,791 | 222,805 | 126,757 | 307,186 | 140,260 | 351,312 | |||
Net earnings attributable to common stockholders/unit holders | $ 440,539 | $ 279,255 | $ 275,383 | $ 208,041 | $ 118,363 | $ 258,979 | $ 140,240 | $ 345,206 | $ 1,203,218 | $ 862,788 | $ 622,235 |
Net earnings per share attributable to common stockholders/unitholders – Basic | $ 0.83 | $ 0.53 | $ 0.52 | $ 0.40 | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.67 | $ 2.29 | $ 1.66 | $ 1.25 |
Net earnings per share attributable to common stockholders/unitholders – Diluted | $ 0.82 | $ 0.52 | $ 0.52 | $ 0.39 | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.65 | $ 2.27 | $ 1.64 | $ 1.24 |
Prologis, L.P. [Member] | |||||||||||
Selected Quarterly Financial Data [Line Items] | |||||||||||
Rental revenues | $ 435,722 | $ 435,868 | $ 426,150 | $ 437,104 | $ 435,626 | $ 418,116 | $ 357,828 | $ 324,547 | |||
Rental recoveries | 124,163 | 124,409 | 119,981 | 117,012 | 124,560 | 114,639 | 103,616 | 94,255 | |||
Total revenues | 620,115 | 704,565 | 602,155 | 606,300 | 643,201 | 580,622 | 510,404 | 462,847 | |||
Rental expenses | (141,050) | (140,514) | (140,725) | (146,581) | (150,983) | (140,284) | (125,820) | (127,095) | |||
Operating income | 164,208 | 232,624 | 142,348 | 129,198 | 105,551 | 103,392 | 87,348 | 83,881 | |||
Consolidated net earnings | 466,702 | 307,242 | 295,791 | 222,805 | 126,757 | 307,186 | 140,260 | 351,312 | |||
Net earnings attributable to common stockholders/unit holders | $ 452,602 | $ 286,943 | $ 283,699 | $ 214,275 | $ 123,733 | $ 262,155 | $ 141,538 | $ 346,488 | |||
Net earnings per share attributable to common stockholders/unitholders – Basic | $ 0.83 | $ 0.53 | $ 0.52 | $ 0.40 | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.67 | |||
Net earnings per share attributable to common stockholders/unitholders – Diluted | $ 0.82 | $ 0.52 | $ 0.52 | $ 0.39 | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.65 |
Real Estate and Accumulated 117
Real Estate and Accumulated Depreciation (Detail) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2016USD ($)Property | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Carrying amount of land and buildings and improvements, Total | $ 25,375,539 | $ 25,608,648 | $ 20,109,432 | $ 18,822,081 |
Accumulated Depreciation | $ (3,679,479) | $ (3,207,855) | $ (2,748,835) | $ (2,540,267) |
Industrial Operating Properties [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1,776 | |||
Land | $ 5,933,630 | |||
Building and Improvements | 14,473,118 | |||
Costs capitalized subsequent to acquisition | 3,536,709 | |||
Carrying amount of land | 6,037,543 | |||
Carrying amount of buildings and improvements | 17,905,914 | |||
Carrying amount of land and buildings and improvements, Total | 23,943,457 | |||
Accumulated Depreciation | $ (3,679,479) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1,726 | |||
Land | $ 5,797,277 | |||
Building and Improvements | 14,135,630 | |||
Costs capitalized subsequent to acquisition | 3,295,384 | |||
Carrying amount of land | 5,891,668 | |||
Carrying amount of buildings and improvements | 17,336,623 | |||
Carrying amount of land and buildings and improvements, Total | 23,228,291 | |||
Accumulated Depreciation | $ (3,581,518) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1,699 | |||
Land | $ 5,620,515 | |||
Building and Improvements | 13,772,631 | |||
Costs capitalized subsequent to acquisition | 3,182,003 | |||
Carrying amount of land | 5,710,671 | |||
Carrying amount of buildings and improvements | 16,864,478 | |||
Carrying amount of land and buildings and improvements, Total | 22,575,149 | |||
Accumulated Depreciation | $ (3,521,641) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,719 | |||
Building and Improvements | 2,287 | |||
Costs capitalized subsequent to acquisition | 14,278 | |||
Carrying amount of land | 2,497 | |||
Carrying amount of buildings and improvements | 15,787 | |||
Carrying amount of land and buildings and improvements, Total | 18,284 | |||
Accumulated Depreciation | $ (1,116) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 84 | |||
Land | $ 116,202 | |||
Building and Improvements | 436,940 | |||
Costs capitalized subsequent to acquisition | 158,848 | |||
Carrying amount of land | 117,099 | |||
Carrying amount of buildings and improvements | 594,891 | |||
Carrying amount of land and buildings and improvements, Total | 711,990 | |||
Accumulated Depreciation | $ (138,164) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 31 | |||
Land | $ 29,523 | |||
Building and Improvements | 118,948 | |||
Costs capitalized subsequent to acquisition | 7,026 | |||
Carrying amount of land | 29,577 | |||
Carrying amount of buildings and improvements | 125,920 | |||
Carrying amount of land and buildings and improvements, Total | 155,497 | |||
Accumulated Depreciation | $ (22,511) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 51 | |||
Land | $ 110,822 | |||
Building and Improvements | 339,455 | |||
Costs capitalized subsequent to acquisition | 67,372 | |||
Carrying amount of land | 111,883 | |||
Carrying amount of buildings and improvements | 405,766 | |||
Carrying amount of land and buildings and improvements, Total | 517,649 | |||
Accumulated Depreciation | $ (116,017) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 34 | |||
Land | $ 231,469 | |||
Building and Improvements | 734,192 | |||
Costs capitalized subsequent to acquisition | 174,761 | |||
Carrying amount of land | 234,041 | |||
Carrying amount of buildings and improvements | 906,381 | |||
Carrying amount of land and buildings and improvements, Total | 1,140,422 | |||
Accumulated Depreciation | $ (120,509) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 21 | |||
Land | $ 86,207 | |||
Building and Improvements | 252,195 | |||
Costs capitalized subsequent to acquisition | 270,125 | |||
Carrying amount of land | 95,199 | |||
Carrying amount of buildings and improvements | 513,328 | |||
Carrying amount of land and buildings and improvements, Total | 608,527 | |||
Accumulated Depreciation | $ (96,066) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 19 | |||
Land | $ 20,611 | |||
Building and Improvements | 54,722 | |||
Costs capitalized subsequent to acquisition | 54,481 | |||
Carrying amount of land | 22,432 | |||
Carrying amount of buildings and improvements | 107,382 | |||
Carrying amount of land and buildings and improvements, Total | 129,814 | |||
Accumulated Depreciation | $ (33,765) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 189 | |||
Land | $ 423,270 | |||
Building and Improvements | 1,463,703 | |||
Costs capitalized subsequent to acquisition | 249,725 | |||
Carrying amount of land | 434,925 | |||
Carrying amount of buildings and improvements | 1,701,773 | |||
Carrying amount of land and buildings and improvements, Total | 2,136,698 | |||
Accumulated Depreciation | $ (402,301) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 22 | |||
Land | $ 39,703 | |||
Building and Improvements | 145,962 | |||
Costs capitalized subsequent to acquisition | 57,886 | |||
Carrying amount of land | 41,924 | |||
Carrying amount of buildings and improvements | 201,627 | |||
Carrying amount of land and buildings and improvements, Total | 243,551 | |||
Accumulated Depreciation | $ (36,435) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 24 | |||
Land | $ 36,236 | |||
Building and Improvements | 183,349 | |||
Costs capitalized subsequent to acquisition | 45,868 | |||
Carrying amount of land | 36,630 | |||
Carrying amount of buildings and improvements | 228,823 | |||
Carrying amount of land and buildings and improvements, Total | 265,453 | |||
Accumulated Depreciation | $ (58,922) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 116 | |||
Land | $ 183,380 | |||
Building and Improvements | 770,172 | |||
Costs capitalized subsequent to acquisition | 212,797 | |||
Carrying amount of land | 186,469 | |||
Carrying amount of buildings and improvements | 979,880 | |||
Carrying amount of land and buildings and improvements, Total | 1,166,349 | |||
Accumulated Depreciation | $ (217,281) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 29 | |||
Land | $ 58,114 | |||
Building and Improvements | 201,609 | |||
Costs capitalized subsequent to acquisition | 56,555 | |||
Carrying amount of land | 56,441 | |||
Carrying amount of buildings and improvements | 259,837 | |||
Carrying amount of land and buildings and improvements, Total | 316,278 | |||
Accumulated Depreciation | $ (79,145) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 77 | |||
Land | $ 80,225 | |||
Building and Improvements | 346,374 | |||
Costs capitalized subsequent to acquisition | 92,394 | |||
Carrying amount of land | 80,292 | |||
Carrying amount of buildings and improvements | 438,701 | |||
Carrying amount of land and buildings and improvements, Total | 518,993 | |||
Accumulated Depreciation | $ (117,393) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 26 | |||
Land | $ 32,313 | |||
Building and Improvements | 127,939 | |||
Costs capitalized subsequent to acquisition | 40,788 | |||
Carrying amount of land | 32,386 | |||
Carrying amount of buildings and improvements | 168,654 | |||
Carrying amount of land and buildings and improvements, Total | 201,040 | |||
Accumulated Depreciation | $ (46,630) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Jacksonville, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 2,892 | |||
Costs capitalized subsequent to acquisition | 176 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 3,068 | |||
Carrying amount of land and buildings and improvements, Total | 3,068 | |||
Accumulated Depreciation | $ (1,423) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kansas City Kansas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 0 | |||
Building and Improvements | 14,411 | |||
Costs capitalized subsequent to acquisition | 278 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 14,689 | |||
Carrying amount of land and buildings and improvements, Total | 14,689 | |||
Accumulated Depreciation | $ (6,001) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 46 | |||
Land | $ 96,340 | |||
Building and Improvements | 301,347 | |||
Costs capitalized subsequent to acquisition | 32,077 | |||
Carrying amount of land | 87,007 | |||
Carrying amount of buildings and improvements | 342,757 | |||
Carrying amount of land and buildings and improvements, Total | 429,764 | |||
Accumulated Depreciation | $ (37,845) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 42,979 | |||
Building and Improvements | 226,263 | |||
Costs capitalized subsequent to acquisition | 31,510 | |||
Carrying amount of land | 43,285 | |||
Carrying amount of buildings and improvements | 257,467 | |||
Carrying amount of land and buildings and improvements, Total | 300,752 | |||
Accumulated Depreciation | $ (37,370) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 18,877 | |||
Building and Improvements | 63,738 | |||
Costs capitalized subsequent to acquisition | 39,248 | |||
Carrying amount of land | 18,430 | |||
Carrying amount of buildings and improvements | 103,433 | |||
Carrying amount of land and buildings and improvements, Total | 121,863 | |||
Accumulated Depreciation | $ (29,464) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 28 | |||
Land | $ 42,167 | |||
Building and Improvements | 180,155 | |||
Costs capitalized subsequent to acquisition | 32,365 | |||
Carrying amount of land | 43,727 | |||
Carrying amount of buildings and improvements | 210,960 | |||
Carrying amount of land and buildings and improvements, Total | 254,687 | |||
Accumulated Depreciation | $ (28,696) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 108 | |||
Land | $ 814,364 | |||
Building and Improvements | 1,585,964 | |||
Costs capitalized subsequent to acquisition | 377,910 | |||
Carrying amount of land | 808,421 | |||
Carrying amount of buildings and improvements | 1,969,817 | |||
Carrying amount of land and buildings and improvements, Total | 2,778,238 | |||
Accumulated Depreciation | $ (314,169) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 36 | |||
Land | $ 58,870 | |||
Building and Improvements | 175,263 | |||
Costs capitalized subsequent to acquisition | 52,809 | |||
Carrying amount of land | 57,940 | |||
Carrying amount of buildings and improvements | 229,002 | |||
Carrying amount of land and buildings and improvements, Total | 286,942 | |||
Accumulated Depreciation | $ (50,368) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 19 | |||
Land | $ 19,149 | |||
Building and Improvements | 94,127 | |||
Costs capitalized subsequent to acquisition | 21,590 | |||
Carrying amount of land | 19,210 | |||
Carrying amount of buildings and improvements | 115,656 | |||
Carrying amount of land and buildings and improvements, Total | 134,866 | |||
Accumulated Depreciation | $ (41,385) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 28 | |||
Land | $ 49,393 | |||
Building and Improvements | 153,825 | |||
Costs capitalized subsequent to acquisition | 15,565 | |||
Carrying amount of land | 48,056 | |||
Carrying amount of buildings and improvements | 170,727 | |||
Carrying amount of land and buildings and improvements, Total | 218,783 | |||
Accumulated Depreciation | $ (21,400) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 18 | |||
Land | $ 25,627 | |||
Building and Improvements | 150,348 | |||
Costs capitalized subsequent to acquisition | 79,538 | |||
Carrying amount of land | 27,101 | |||
Carrying amount of buildings and improvements | 228,412 | |||
Carrying amount of land and buildings and improvements, Total | 255,513 | |||
Accumulated Depreciation | $ (44,722) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 38 | |||
Land | $ 40,248 | |||
Building and Improvements | 154,673 | |||
Costs capitalized subsequent to acquisition | 37,120 | |||
Carrying amount of land | 40,462 | |||
Carrying amount of buildings and improvements | 191,579 | |||
Carrying amount of land and buildings and improvements, Total | 232,041 | |||
Accumulated Depreciation | $ (40,022) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 192 | |||
Land | $ 420,449 | |||
Building and Improvements | 1,081,182 | |||
Costs capitalized subsequent to acquisition | 208,018 | |||
Carrying amount of land | 421,351 | |||
Carrying amount of buildings and improvements | 1,288,298 | |||
Carrying amount of land and buildings and improvements, Total | 1,709,649 | |||
Accumulated Depreciation | $ (417,808) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Savannah, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,161 | |||
Building and Improvements | 14,680 | |||
Costs capitalized subsequent to acquisition | 1,260 | |||
Carrying amount of land | 2,161 | |||
Carrying amount of buildings and improvements | 15,940 | |||
Carrying amount of land and buildings and improvements, Total | 18,101 | |||
Accumulated Depreciation | $ (2,794) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 56 | |||
Land | $ 283,782 | |||
Building and Improvements | 499,053 | |||
Costs capitalized subsequent to acquisition | 35,365 | |||
Carrying amount of land | 285,947 | |||
Carrying amount of buildings and improvements | 532,253 | |||
Carrying amount of land and buildings and improvements, Total | 818,200 | |||
Accumulated Depreciation | $ (79,805) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 105 | |||
Land | $ 292,193 | |||
Building and Improvements | 743,656 | |||
Costs capitalized subsequent to acquisition | 100,167 | |||
Carrying amount of land | 294,090 | |||
Carrying amount of buildings and improvements | 841,926 | |||
Carrying amount of land and buildings and improvements, Total | 1,136,016 | |||
Accumulated Depreciation | $ (138,494) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 271 | |||
Land | $ 1,961,383 | |||
Building and Improvements | 3,136,328 | |||
Costs capitalized subsequent to acquisition | 628,810 | |||
Carrying amount of land | 2,029,727 | |||
Carrying amount of buildings and improvements | 3,696,794 | |||
Carrying amount of land and buildings and improvements, Total | 5,726,521 | |||
Accumulated Depreciation | $ (743,593) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tampa, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 4,458 | |||
Building and Improvements | 19,166 | |||
Costs capitalized subsequent to acquisition | (429) | |||
Carrying amount of land | 4,458 | |||
Carrying amount of buildings and improvements | 18,737 | |||
Carrying amount of land and buildings and improvements, Total | 23,195 | |||
Accumulated Depreciation | $ (1,143) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 25 | |||
Land | $ 175,043 | |||
Building and Improvements | 360,712 | |||
Costs capitalized subsequent to acquisition | 99,103 | |||
Carrying amount of land | 178,500 | |||
Carrying amount of buildings and improvements | 456,358 | |||
Carrying amount of land and buildings and improvements, Total | 634,858 | |||
Accumulated Depreciation | $ (58,761) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Guadalajara | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (802) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Reynosa [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 989 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 12,916 | |||
Carrying amount of land | 1,767 | |||
Carrying amount of buildings and improvements | 12,138 | |||
Carrying amount of land and buildings and improvements, Total | 13,905 | |||
Accumulated Depreciation | $ (314) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta Airport Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 4,759 | |||
Building and Improvements | 13,591 | |||
Costs capitalized subsequent to acquisition | 998 | |||
Carrying amount of land | 4,759 | |||
Carrying amount of buildings and improvements | 14,589 | |||
Carrying amount of land and buildings and improvements, Total | 19,348 | |||
Accumulated Depreciation | $ (1,487) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta NE at Sugarloaf [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 620 | |||
Building and Improvements | 2,499 | |||
Costs capitalized subsequent to acquisition | 73 | |||
Carrying amount of land | 620 | |||
Carrying amount of buildings and improvements | 2,572 | |||
Carrying amount of land and buildings and improvements, Total | 3,192 | |||
Accumulated Depreciation | $ (214) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta NE Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 5,582 | |||
Building and Improvements | 3,047 | |||
Costs capitalized subsequent to acquisition | 32,175 | |||
Carrying amount of land | 6,276 | |||
Carrying amount of buildings and improvements | 34,528 | |||
Carrying amount of land and buildings and improvements, Total | 40,804 | |||
Accumulated Depreciation | $ (20,201) | |||
Date of Construction/ Acquisition | 1996, 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta South Business Park [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 5,353 | |||
Building and Improvements | 28,895 | |||
Costs capitalized subsequent to acquisition | 4,341 | |||
Carrying amount of land | 5,353 | |||
Carrying amount of buildings and improvements | 33,236 | |||
Carrying amount of land and buildings and improvements, Total | 38,589 | |||
Accumulated Depreciation | $ (6,832) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta West Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 13,420 | |||
Building and Improvements | 43,556 | |||
Costs capitalized subsequent to acquisition | 8,732 | |||
Carrying amount of land | 13,420 | |||
Carrying amount of buildings and improvements | 52,288 | |||
Carrying amount of land and buildings and improvements, Total | 65,708 | |||
Accumulated Depreciation | $ (9,893) | |||
Date of Construction/ Acquisition | 1994, 2006, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Berkeley Lake Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,046 | |||
Building and Improvements | 8,712 | |||
Costs capitalized subsequent to acquisition | 1,204 | |||
Carrying amount of land | 2,046 | |||
Carrying amount of buildings and improvements | 9,916 | |||
Carrying amount of land and buildings and improvements, Total | 11,962 | |||
Accumulated Depreciation | $ (2,659) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Breckenridge Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,645 | |||
Building and Improvements | 6,627 | |||
Costs capitalized subsequent to acquisition | 277 | |||
Carrying amount of land | 1,645 | |||
Carrying amount of buildings and improvements | 6,904 | |||
Carrying amount of land and buildings and improvements, Total | 8,549 | |||
Accumulated Depreciation | $ (555) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Buford Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,659 | |||
Building and Improvements | 8,847 | |||
Costs capitalized subsequent to acquisition | 6,101 | |||
Carrying amount of land | 2,659 | |||
Carrying amount of buildings and improvements | 14,948 | |||
Carrying amount of land and buildings and improvements, Total | 17,607 | |||
Accumulated Depreciation | $ (2,190) | |||
Date of Construction/ Acquisition | 2007, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carter-Pacific Business Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,484 | |||
Building and Improvements | 5,965 | |||
Costs capitalized subsequent to acquisition | 440 | |||
Carrying amount of land | 1,484 | |||
Carrying amount of buildings and improvements | 6,405 | |||
Carrying amount of land and buildings and improvements, Total | 7,889 | |||
Accumulated Depreciation | $ (712) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cobb Place Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,970 | |||
Building and Improvements | 12,702 | |||
Costs capitalized subsequent to acquisition | 1,721 | |||
Carrying amount of land | 2,970 | |||
Carrying amount of buildings and improvements | 14,423 | |||
Carrying amount of land and buildings and improvements, Total | 17,393 | |||
Accumulated Depreciation | $ (2,439) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Douglas Hill Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 11,599 | |||
Building and Improvements | 46,826 | |||
Costs capitalized subsequent to acquisition | 4,820 | |||
Carrying amount of land | 11,677 | |||
Carrying amount of buildings and improvements | 51,568 | |||
Carrying amount of land and buildings and improvements, Total | 63,245 | |||
Accumulated Depreciation | $ (19,347) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hartsfield East Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 697 | |||
Building and Improvements | 6,466 | |||
Costs capitalized subsequent to acquisition | 654 | |||
Carrying amount of land | 697 | |||
Carrying amount of buildings and improvements | 7,120 | |||
Carrying amount of land and buildings and improvements, Total | 7,817 | |||
Accumulated Depreciation | $ (1,131) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Horizon Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,364 | |||
Building and Improvements | 36,015 | |||
Costs capitalized subsequent to acquisition | 1,659 | |||
Carrying amount of land | 7,364 | |||
Carrying amount of buildings and improvements | 37,674 | |||
Carrying amount of land and buildings and improvements, Total | 45,038 | |||
Accumulated Depreciation | $ (4,744) | |||
Date of Construction/ Acquisition | 2006, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Midland Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,919 | |||
Building and Improvements | 7,679 | |||
Costs capitalized subsequent to acquisition | 1,547 | |||
Carrying amount of land | 1,919 | |||
Carrying amount of buildings and improvements | 9,226 | |||
Carrying amount of land and buildings and improvements, Total | 11,145 | |||
Accumulated Depreciation | $ (3,304) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northeast Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,821 | |||
Building and Improvements | 12,176 | |||
Costs capitalized subsequent to acquisition | 1,707 | |||
Carrying amount of land | 2,821 | |||
Carrying amount of buildings and improvements | 13,883 | |||
Carrying amount of land and buildings and improvements, Total | 16,704 | |||
Accumulated Depreciation | $ (2,899) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northmont Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 566 | |||
Building and Improvements | 3,209 | |||
Costs capitalized subsequent to acquisition | 1,741 | |||
Carrying amount of land | 566 | |||
Carrying amount of buildings and improvements | 4,950 | |||
Carrying amount of land and buildings and improvements, Total | 5,516 | |||
Accumulated Depreciation | $ (3,614) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Olympic Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,156 | |||
Building and Improvements | 8,941 | |||
Costs capitalized subsequent to acquisition | 545 | |||
Carrying amount of land | 2,156 | |||
Carrying amount of buildings and improvements | 9,486 | |||
Carrying amount of land and buildings and improvements, Total | 11,642 | |||
Accumulated Depreciation | $ (1,088) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park I-75 South [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,393 | |||
Building and Improvements | 18,808 | |||
Costs capitalized subsequent to acquisition | 35,508 | |||
Carrying amount of land | 11,406 | |||
Carrying amount of buildings and improvements | 54,303 | |||
Carrying amount of land and buildings and improvements, Total | 65,709 | |||
Accumulated Depreciation | $ (5,061) | |||
Date of Construction/ Acquisition | 2013, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park I-85 [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,391 | |||
Building and Improvements | 11,585 | |||
Costs capitalized subsequent to acquisition | 26,264 | |||
Carrying amount of land | 6,465 | |||
Carrying amount of buildings and improvements | 37,775 | |||
Carrying amount of land and buildings and improvements, Total | 44,240 | |||
Accumulated Depreciation | $ (1,485) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Peachtree Corners Business Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,750 | |||
Building and Improvements | 20,670 | |||
Costs capitalized subsequent to acquisition | 3,960 | |||
Carrying amount of land | 5,750 | |||
Carrying amount of buildings and improvements | 24,630 | |||
Carrying amount of land and buildings and improvements, Total | 30,380 | |||
Accumulated Depreciation | $ (6,394) | |||
Date of Construction/ Acquisition | 1994, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Piedmont Ct. Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 885 | |||
Building and Improvements | 5,013 | |||
Costs capitalized subsequent to acquisition | 4,269 | |||
Carrying amount of land | 885 | |||
Carrying amount of buildings and improvements | 9,282 | |||
Carrying amount of land and buildings and improvements, Total | 10,167 | |||
Accumulated Depreciation | $ (6,465) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverside Distribution Center (ATL) [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 3,306 | |||
Building and Improvements | 16,600 | |||
Costs capitalized subsequent to acquisition | 4,462 | |||
Carrying amount of land | 3,329 | |||
Carrying amount of buildings and improvements | 21,039 | |||
Carrying amount of land and buildings and improvements, Total | 24,368 | |||
Accumulated Depreciation | $ (11,251) | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Royal 85 Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,306 | |||
Building and Improvements | 16,859 | |||
Costs capitalized subsequent to acquisition | 776 | |||
Carrying amount of land | 3,306 | |||
Carrying amount of buildings and improvements | 17,635 | |||
Carrying amount of land and buildings and improvements, Total | 20,941 | |||
Accumulated Depreciation | $ (1,081) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Savannah Logistics Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,114 | |||
Building and Improvements | 46,844 | |||
Costs capitalized subsequent to acquisition | 343 | |||
Carrying amount of land | 5,114 | |||
Carrying amount of buildings and improvements | 47,187 | |||
Carrying amount of land and buildings and improvements, Total | 52,301 | |||
Accumulated Depreciation | $ (2,665) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southfield KRDC Industrial SG [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,551 | |||
Building and Improvements | 8,621 | |||
Costs capitalized subsequent to acquisition | 524 | |||
Carrying amount of land | 1,551 | |||
Carrying amount of buildings and improvements | 9,145 | |||
Carrying amount of land and buildings and improvements, Total | 10,696 | |||
Accumulated Depreciation | $ (2,705) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southside Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,186 | |||
Building and Improvements | 2,859 | |||
Costs capitalized subsequent to acquisition | 590 | |||
Carrying amount of land | 1,186 | |||
Carrying amount of buildings and improvements | 3,449 | |||
Carrying amount of land and buildings and improvements, Total | 4,635 | |||
Accumulated Depreciation | $ (952) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Suwanee Creek Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,045 | |||
Building and Improvements | 4,201 | |||
Costs capitalized subsequent to acquisition | 492 | |||
Carrying amount of land | 1,045 | |||
Carrying amount of buildings and improvements | 4,693 | |||
Carrying amount of land and buildings and improvements, Total | 5,738 | |||
Accumulated Depreciation | $ (791) | |||
Date of Construction/ Acquisition | 2010, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tradeport Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,464 | |||
Building and Improvements | 4,563 | |||
Costs capitalized subsequent to acquisition | 9,663 | |||
Carrying amount of land | 1,479 | |||
Carrying amount of buildings and improvements | 14,211 | |||
Carrying amount of land and buildings and improvements, Total | 15,690 | |||
Accumulated Depreciation | $ (8,957) | |||
Date of Construction/ Acquisition | 1994, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Weaver Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 935 | |||
Building and Improvements | 5,182 | |||
Costs capitalized subsequent to acquisition | 2,439 | |||
Carrying amount of land | 935 | |||
Carrying amount of buildings and improvements | 7,621 | |||
Carrying amount of land and buildings and improvements, Total | 8,556 | |||
Accumulated Depreciation | $ (5,742) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Westfork Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 6,216 | |||
Building and Improvements | 19,382 | |||
Costs capitalized subsequent to acquisition | 823 | |||
Carrying amount of land | 6,216 | |||
Carrying amount of buildings and improvements | 20,205 | |||
Carrying amount of land and buildings and improvements, Total | 26,421 | |||
Accumulated Depreciation | $ (1,306) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corridor Park Corporate Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 4,579 | |||
Building and Improvements | 18,358 | |||
Costs capitalized subsequent to acquisition | 622 | |||
Carrying amount of land | 4,579 | |||
Carrying amount of buildings and improvements | 18,980 | |||
Carrying amount of land and buildings and improvements, Total | 23,559 | |||
Accumulated Depreciation | $ (1,535) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MET 4-12 LTD [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,300 | |||
Building and Improvements | 20,456 | |||
Costs capitalized subsequent to acquisition | 294 | |||
Carrying amount of land | 4,300 | |||
Carrying amount of buildings and improvements | 20,750 | |||
Carrying amount of land and buildings and improvements, Total | 25,050 | |||
Accumulated Depreciation | $ (4,125) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MET PHASE 1 95 LTD [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,593 | |||
Building and Improvements | 17,211 | |||
Costs capitalized subsequent to acquisition | 1,519 | |||
Carrying amount of land | 5,593 | |||
Carrying amount of buildings and improvements | 18,730 | |||
Carrying amount of land and buildings and improvements, Total | 24,323 | |||
Accumulated Depreciation | $ (3,961) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Montopolis Distribution Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 580 | |||
Building and Improvements | 3,384 | |||
Costs capitalized subsequent to acquisition | 2,628 | |||
Carrying amount of land | 580 | |||
Carrying amount of buildings and improvements | 6,012 | |||
Carrying amount of land and buildings and improvements, Total | 6,592 | |||
Accumulated Depreciation | $ (4,882) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverside Distribution Center (AUS) [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,849 | |||
Building and Improvements | 7,195 | |||
Costs capitalized subsequent to acquisition | 93 | |||
Carrying amount of land | 1,849 | |||
Carrying amount of buildings and improvements | 7,288 | |||
Carrying amount of land and buildings and improvements, Total | 9,137 | |||
Accumulated Depreciation | $ (435) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southpark Corporate Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,470 | |||
Building and Improvements | 5,834 | |||
Costs capitalized subsequent to acquisition | 227 | |||
Carrying amount of land | 1,470 | |||
Carrying amount of buildings and improvements | 6,061 | |||
Carrying amount of land and buildings and improvements, Total | 7,531 | |||
Accumulated Depreciation | $ (484) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Walnut Creek Corporate Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 11,152 | |||
Building and Improvements | 46,510 | |||
Costs capitalized subsequent to acquisition | 1,643 | |||
Carrying amount of land | 11,206 | |||
Carrying amount of buildings and improvements | 48,099 | |||
Carrying amount of land and buildings and improvements, Total | 59,305 | |||
Accumulated Depreciation | $ (7,089) | |||
Date of Construction/ Acquisition | 1994, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | 1901 Park 100 Drive [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,409 | |||
Building and Improvements | 7,227 | |||
Costs capitalized subsequent to acquisition | 1,178 | |||
Carrying amount of land | 2,409 | |||
Carrying amount of buildings and improvements | 8,405 | |||
Carrying amount of land and buildings and improvements, Total | 10,814 | |||
Accumulated Depreciation | $ (3,306) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport Commons Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,320 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 10,671 | |||
Carrying amount of land | 2,360 | |||
Carrying amount of buildings and improvements | 10,631 | |||
Carrying amount of land and buildings and improvements, Total | 12,991 | |||
Accumulated Depreciation | $ (5,474) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beltway Distribution [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,211 | |||
Building and Improvements | 33,922 | |||
Costs capitalized subsequent to acquisition | 909 | |||
Carrying amount of land | 9,211 | |||
Carrying amount of buildings and improvements | 34,831 | |||
Carrying amount of land and buildings and improvements, Total | 44,042 | |||
Accumulated Depreciation | $ (7,016) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | BWI Cargo Center E [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 10,725 | |||
Costs capitalized subsequent to acquisition | 115 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 10,840 | |||
Carrying amount of land and buildings and improvements, Total | 10,840 | |||
Accumulated Depreciation | $ (7,174) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corcorde Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,538 | |||
Building and Improvements | 8,717 | |||
Costs capitalized subsequent to acquisition | 5,104 | |||
Carrying amount of land | 1,538 | |||
Carrying amount of buildings and improvements | 13,821 | |||
Carrying amount of land and buildings and improvements, Total | 15,359 | |||
Accumulated Depreciation | $ (9,946) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corridor Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,921 | |||
Building and Improvements | 7,224 | |||
Costs capitalized subsequent to acquisition | 365 | |||
Carrying amount of land | 1,921 | |||
Carrying amount of buildings and improvements | 7,589 | |||
Carrying amount of land and buildings and improvements, Total | 9,510 | |||
Accumulated Depreciation | $ (1,515) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crysen Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,285 | |||
Building and Improvements | 6,267 | |||
Costs capitalized subsequent to acquisition | 656 | |||
Carrying amount of land | 2,285 | |||
Carrying amount of buildings and improvements | 6,923 | |||
Carrying amount of land and buildings and improvements, Total | 9,208 | |||
Accumulated Depreciation | $ (1,599) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Business Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 22,025 | |||
Building and Improvements | 25,117 | |||
Costs capitalized subsequent to acquisition | 21,843 | |||
Carrying amount of land | 22,261 | |||
Carrying amount of buildings and improvements | 46,724 | |||
Carrying amount of land and buildings and improvements, Total | 68,985 | |||
Accumulated Depreciation | $ (4,062) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 2,523 | |||
Building and Improvements | 5,715 | |||
Costs capitalized subsequent to acquisition | 5,217 | |||
Carrying amount of land | 3,163 | |||
Carrying amount of buildings and improvements | 10,292 | |||
Carrying amount of land and buildings and improvements, Total | 13,455 | |||
Accumulated Depreciation | $ (3,229) | |||
Date of Construction/ Acquisition | 1998, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Granite Hill Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (2,413) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Greenwood Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 6,828 | |||
Building and Improvements | 24,253 | |||
Costs capitalized subsequent to acquisition | 2,912 | |||
Carrying amount of land | 6,828 | |||
Carrying amount of buildings and improvements | 27,165 | |||
Carrying amount of land and buildings and improvements, Total | 33,993 | |||
Accumulated Depreciation | $ (5,534) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hampton Central Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 8,928 | |||
Building and Improvements | 26,787 | |||
Costs capitalized subsequent to acquisition | 1,090 | |||
Carrying amount of land | 8,928 | |||
Carrying amount of buildings and improvements | 27,877 | |||
Carrying amount of land and buildings and improvements, Total | 36,805 | |||
Accumulated Depreciation | $ (2,214) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | IAD Cargo Center 5 [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 43,060 | |||
Costs capitalized subsequent to acquisition | 96 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 43,156 | |||
Carrying amount of land and buildings and improvements, Total | 43,156 | |||
Accumulated Depreciation | $ (39,338) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowridge Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 7,827 | |||
Building and Improvements | 18,076 | |||
Costs capitalized subsequent to acquisition | 8,397 | |||
Carrying amount of land | 7,972 | |||
Carrying amount of buildings and improvements | 26,328 | |||
Carrying amount of land and buildings and improvements, Total | 34,300 | |||
Accumulated Depreciation | $ (4,959) | |||
Date of Construction/ Acquisition | 1998, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowridge Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,845 | |||
Building and Improvements | 20,576 | |||
Costs capitalized subsequent to acquisition | 4,564 | |||
Carrying amount of land | 4,845 | |||
Carrying amount of buildings and improvements | 25,140 | |||
Carrying amount of land and buildings and improvements, Total | 29,985 | |||
Accumulated Depreciation | $ (4,891) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Patuxent Range Road [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,281 | |||
Building and Improvements | 9,638 | |||
Costs capitalized subsequent to acquisition | 1,630 | |||
Carrying amount of land | 2,281 | |||
Carrying amount of buildings and improvements | 11,268 | |||
Carrying amount of land and buildings and improvements, Total | 13,549 | |||
Accumulated Depreciation | $ (2,490) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Preston Court [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,326 | |||
Building and Improvements | 10,146 | |||
Costs capitalized subsequent to acquisition | 331 | |||
Carrying amount of land | 2,326 | |||
Carrying amount of buildings and improvements | 10,477 | |||
Carrying amount of land and buildings and improvements, Total | 12,803 | |||
Accumulated Depreciation | $ (2,181) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ProLogis Park - Dulles [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 16,703 | |||
Building and Improvements | 35,291 | |||
Costs capitalized subsequent to acquisition | 854 | |||
Carrying amount of land | 16,703 | |||
Carrying amount of buildings and improvements | 36,145 | |||
Carrying amount of land and buildings and improvements, Total | 52,848 | |||
Accumulated Depreciation | $ (4,850) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Troy Hill Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,179 | |||
Building and Improvements | 30,415 | |||
Costs capitalized subsequent to acquisition | 741 | |||
Carrying amount of land | 9,179 | |||
Carrying amount of buildings and improvements | 31,156 | |||
Carrying amount of land and buildings and improvements, Total | 40,335 | |||
Accumulated Depreciation | $ (3,570) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | White Marsh Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,714 | |||
Building and Improvements | 6,955 | |||
Costs capitalized subsequent to acquisition | 625 | |||
Carrying amount of land | 4,714 | |||
Carrying amount of buildings and improvements | 7,580 | |||
Carrying amount of land and buildings and improvements, Total | 12,294 | |||
Accumulated Depreciation | $ (256) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carlisle Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 92,681 | |||
Building and Improvements | 328,514 | |||
Costs capitalized subsequent to acquisition | 45,559 | |||
Carrying amount of land | 92,707 | |||
Carrying amount of buildings and improvements | 374,047 | |||
Carrying amount of land and buildings and improvements, Total | 466,754 | |||
Accumulated Depreciation | $ (38,465) | |||
Date of Construction/ Acquisition | 2012, 2013, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chambersburg Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,188 | |||
Building and Improvements | 17,796 | |||
Costs capitalized subsequent to acquisition | 138 | |||
Carrying amount of land | 4,188 | |||
Carrying amount of buildings and improvements | 17,934 | |||
Carrying amount of land and buildings and improvements, Total | 22,122 | |||
Accumulated Depreciation | $ (2,277) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harrisburg Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 30,801 | |||
Building and Improvements | 122,169 | |||
Costs capitalized subsequent to acquisition | 5,554 | |||
Carrying amount of land | 30,801 | |||
Carrying amount of buildings and improvements | 127,723 | |||
Carrying amount of land and buildings and improvements, Total | 158,524 | |||
Accumulated Depreciation | $ (18,167) | |||
Date of Construction/ Acquisition | 2004, 2013, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harrisburg Industrial Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 782 | |||
Building and Improvements | 6,190 | |||
Costs capitalized subsequent to acquisition | 1,837 | |||
Carrying amount of land | 782 | |||
Carrying amount of buildings and improvements | 8,027 | |||
Carrying amount of land and buildings and improvements, Total | 8,809 | |||
Accumulated Depreciation | $ (3,776) | |||
Date of Construction/ Acquisition | 2,002 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-78 Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 13,030 | |||
Building and Improvements | 30,007 | |||
Costs capitalized subsequent to acquisition | 444 | |||
Carrying amount of land | 13,030 | |||
Carrying amount of buildings and improvements | 30,451 | |||
Carrying amount of land and buildings and improvements, Total | 43,481 | |||
Accumulated Depreciation | $ (5,670) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-81 Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,822 | |||
Building and Improvements | 21,583 | |||
Costs capitalized subsequent to acquisition | 377 | |||
Carrying amount of land | 1,822 | |||
Carrying amount of buildings and improvements | 21,960 | |||
Carrying amount of land and buildings and improvements, Total | 23,782 | |||
Accumulated Depreciation | $ (3,998) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kraft Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,450 | |||
Building and Improvements | 22,457 | |||
Costs capitalized subsequent to acquisition | 20 | |||
Carrying amount of land | 7,450 | |||
Carrying amount of buildings and improvements | 22,477 | |||
Carrying amount of land and buildings and improvements, Total | 29,927 | |||
Accumulated Depreciation | $ (1,879) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lehigh Valley Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 32,520 | |||
Building and Improvements | 88,519 | |||
Costs capitalized subsequent to acquisition | 50,908 | |||
Carrying amount of land | 32,782 | |||
Carrying amount of buildings and improvements | 139,165 | |||
Carrying amount of land and buildings and improvements, Total | 171,947 | |||
Accumulated Depreciation | $ (17,211) | |||
Date of Construction/ Acquisition | 2004, 2010, 2013, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northport Industrial Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 12,282 | |||
Building and Improvements | 37,910 | |||
Costs capitalized subsequent to acquisition | 0 | |||
Carrying amount of land | 12,282 | |||
Carrying amount of buildings and improvements | 37,910 | |||
Carrying amount of land and buildings and improvements, Total | 50,192 | |||
Accumulated Depreciation | $ (3,199) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park 33 Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 28,947 | |||
Building and Improvements | 47,081 | |||
Costs capitalized subsequent to acquisition | 41,468 | |||
Carrying amount of land | 31,231 | |||
Carrying amount of buildings and improvements | 86,265 | |||
Carrying amount of land and buildings and improvements, Total | 117,496 | |||
Accumulated Depreciation | $ (12,094) | |||
Date of Construction/ Acquisition | 20,072,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PHL Cargo Center C2 [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 11,966 | |||
Costs capitalized subsequent to acquisition | 87 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 12,053 | |||
Carrying amount of land and buildings and improvements, Total | 12,053 | |||
Accumulated Depreciation | $ (6,738) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Quakertown Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,966 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 28,369 | |||
Carrying amount of land | 6,966 | |||
Carrying amount of buildings and improvements | 28,369 | |||
Carrying amount of land and buildings and improvements, Total | 35,335 | |||
Accumulated Depreciation | $ (7,035) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arch Road Logistics Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,492 | |||
Building and Improvements | 38,060 | |||
Costs capitalized subsequent to acquisition | 2,314 | |||
Carrying amount of land | 9,492 | |||
Carrying amount of buildings and improvements | 40,374 | |||
Carrying amount of land and buildings and improvements, Total | 49,866 | |||
Accumulated Depreciation | $ (8,729) | |||
Date of Construction/ Acquisition | 2,010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central Valley Distribution Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,329 | |||
Building and Improvements | 25,033 | |||
Costs capitalized subsequent to acquisition | 885 | |||
Carrying amount of land | 4,329 | |||
Carrying amount of buildings and improvements | 25,918 | |||
Carrying amount of land and buildings and improvements, Total | 30,247 | |||
Accumulated Depreciation | $ (2,205) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central Valley Industrial Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 13,064 | |||
Building and Improvements | 58,080 | |||
Costs capitalized subsequent to acquisition | 9,062 | |||
Carrying amount of land | 13,473 | |||
Carrying amount of buildings and improvements | 66,733 | |||
Carrying amount of land and buildings and improvements, Total | 80,206 | |||
Accumulated Depreciation | $ (26,734) | |||
Date of Construction/ Acquisition | 1999, 2002, 2005, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chabot Commerce Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,222 | |||
Building and Improvements | 13,697 | |||
Costs capitalized subsequent to acquisition | 7,731 | |||
Carrying amount of land | 5,222 | |||
Carrying amount of buildings and improvements | 21,428 | |||
Carrying amount of land and buildings and improvements, Total | 26,650 | |||
Accumulated Depreciation | $ (6,173) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Duck Creek Distribution Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,690 | |||
Building and Improvements | 37,858 | |||
Costs capitalized subsequent to acquisition | 0 | |||
Carrying amount of land | 6,690 | |||
Carrying amount of buildings and improvements | 37,858 | |||
Carrying amount of land and buildings and improvements, Total | 44,548 | |||
Accumulated Depreciation | $ (3,048) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Manteca Distribution Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,280 | |||
Building and Improvements | 27,840 | |||
Costs capitalized subsequent to acquisition | 669 | |||
Carrying amount of land | 9,480 | |||
Carrying amount of buildings and improvements | 28,309 | |||
Carrying amount of land and buildings and improvements, Total | 37,789 | |||
Accumulated Depreciation | $ (10,673) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Patterson Pass Business Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 14,225 | |||
Building and Improvements | 19,547 | |||
Costs capitalized subsequent to acquisition | 96,523 | |||
Carrying amount of land | 17,267 | |||
Carrying amount of buildings and improvements | 113,028 | |||
Carrying amount of land and buildings and improvements, Total | 130,295 | |||
Accumulated Depreciation | $ (7,398) | |||
Date of Construction/ Acquisition | 2007, 2012, 2015, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tracy II Distribution Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 23,905 | |||
Building and Improvements | 32,080 | |||
Costs capitalized subsequent to acquisition | 152,941 | |||
Carrying amount of land | 29,246 | |||
Carrying amount of buildings and improvements | 179,680 | |||
Carrying amount of land and buildings and improvements, Total | 208,926 | |||
Accumulated Depreciation | $ (31,106) | |||
Date of Construction/ Acquisition | 2007, 2009, 2012, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Charlotte Distribution Center [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 6,596 | |||
Building and Improvements | 8,206 | |||
Costs capitalized subsequent to acquisition | 30,225 | |||
Carrying amount of land | 8,114 | |||
Carrying amount of buildings and improvements | 36,913 | |||
Carrying amount of land and buildings and improvements, Total | 45,027 | |||
Accumulated Depreciation | $ (18,116) | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1998, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northpark Distribution Center [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,183 | |||
Building and Improvements | 6,707 | |||
Costs capitalized subsequent to acquisition | 3,287 | |||
Carrying amount of land | 1,184 | |||
Carrying amount of buildings and improvements | 9,993 | |||
Carrying amount of land and buildings and improvements, Total | 11,177 | |||
Accumulated Depreciation | $ (6,977) | |||
Date of Construction/ Acquisition | 1994, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northpark Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 15,015 | |||
Building and Improvements | 37,139 | |||
Costs capitalized subsequent to acquisition | 36,813 | |||
Carrying amount of land | 15,015 | |||
Carrying amount of buildings and improvements | 73,952 | |||
Carrying amount of land and buildings and improvements, Total | 88,967 | |||
Accumulated Depreciation | $ (10,763) | |||
Date of Construction/ Acquisition | 2006, 2008, 2012, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West Pointe Business Center [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 12,832 | |||
Building and Improvements | 39,809 | |||
Costs capitalized subsequent to acquisition | 20,969 | |||
Carrying amount of land | 13,134 | |||
Carrying amount of buildings and improvements | 60,476 | |||
Carrying amount of land and buildings and improvements, Total | 73,610 | |||
Accumulated Depreciation | $ (8,672) | |||
Date of Construction/ Acquisition | 2006, 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Addison Business Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,293 | |||
Building and Improvements | 2,907 | |||
Costs capitalized subsequent to acquisition | 536 | |||
Carrying amount of land | 1,293 | |||
Carrying amount of buildings and improvements | 3,443 | |||
Carrying amount of land and buildings and improvements, Total | 4,736 | |||
Accumulated Depreciation | $ (835) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Addison Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,594 | |||
Building and Improvements | 11,779 | |||
Costs capitalized subsequent to acquisition | 2,295 | |||
Carrying amount of land | 2,594 | |||
Carrying amount of buildings and improvements | 14,074 | |||
Carrying amount of land and buildings and improvements, Total | 16,668 | |||
Accumulated Depreciation | $ (4,012) | |||
Date of Construction/ Acquisition | 1997, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alsip Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,895 | |||
Building and Improvements | 9,710 | |||
Costs capitalized subsequent to acquisition | 250 | |||
Carrying amount of land | 4,895 | |||
Carrying amount of buildings and improvements | 9,960 | |||
Carrying amount of land and buildings and improvements, Total | 14,855 | |||
Accumulated Depreciation | $ (691) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arlington Heights Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,263 | |||
Building and Improvements | 10,361 | |||
Costs capitalized subsequent to acquisition | 3,568 | |||
Carrying amount of land | 5,264 | |||
Carrying amount of buildings and improvements | 13,928 | |||
Carrying amount of land and buildings and improvements, Total | 19,192 | |||
Accumulated Depreciation | $ (2,754) | |||
Date of Construction/ Acquisition | 2006, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Aurora Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 9,921 | |||
Building and Improvements | 53,571 | |||
Costs capitalized subsequent to acquisition | 1,645 | |||
Carrying amount of land | 9,921 | |||
Carrying amount of buildings and improvements | 55,216 | |||
Carrying amount of land and buildings and improvements, Total | 65,137 | |||
Accumulated Depreciation | $ (4,509) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bedford Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,014 | |||
Building and Improvements | 9,271 | |||
Costs capitalized subsequent to acquisition | 359 | |||
Carrying amount of land | 3,014 | |||
Carrying amount of buildings and improvements | 9,630 | |||
Carrying amount of land and buildings and improvements, Total | 12,644 | |||
Accumulated Depreciation | $ (697) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bensenville Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 926 | |||
Building and Improvements | 3,842 | |||
Costs capitalized subsequent to acquisition | 6,429 | |||
Carrying amount of land | 940 | |||
Carrying amount of buildings and improvements | 10,257 | |||
Carrying amount of land and buildings and improvements, Total | 11,197 | |||
Accumulated Depreciation | $ (7,769) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bensenville Industrial Park [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 14 | |||
Land | $ 43,455 | |||
Building and Improvements | 111,007 | |||
Costs capitalized subsequent to acquisition | 9,495 | |||
Carrying amount of land | 43,455 | |||
Carrying amount of buildings and improvements | 120,502 | |||
Carrying amount of land and buildings and improvements, Total | 163,957 | |||
Accumulated Depreciation | $ (24,998) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bloomingdale 100 Business Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,563 | |||
Building and Improvements | 26,145 | |||
Costs capitalized subsequent to acquisition | 1,784 | |||
Carrying amount of land | 6,563 | |||
Carrying amount of buildings and improvements | 27,929 | |||
Carrying amount of land and buildings and improvements, Total | 34,492 | |||
Accumulated Depreciation | $ (2,262) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bolingbrook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 13 | |||
Land | $ 40,219 | |||
Building and Improvements | 154,530 | |||
Costs capitalized subsequent to acquisition | 28,173 | |||
Carrying amount of land | 40,219 | |||
Carrying amount of buildings and improvements | 182,703 | |||
Carrying amount of land and buildings and improvements, Total | 222,922 | |||
Accumulated Depreciation | $ (29,862) | |||
Date of Construction/ Acquisition | 1999, 2006, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bridgeview Industrial [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,662 | |||
Building and Improvements | 6,882 | |||
Costs capitalized subsequent to acquisition | 170 | |||
Carrying amount of land | 1,662 | |||
Carrying amount of buildings and improvements | 7,052 | |||
Carrying amount of land and buildings and improvements, Total | 8,714 | |||
Accumulated Depreciation | $ (895) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chicago Industrial Portfolio [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,330 | |||
Building and Improvements | 2,876 | |||
Costs capitalized subsequent to acquisition | 428 | |||
Carrying amount of land | 1,330 | |||
Carrying amount of buildings and improvements | 3,304 | |||
Carrying amount of land and buildings and improvements, Total | 4,634 | |||
Accumulated Depreciation | $ (940) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cicero Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,789 | |||
Building and Improvements | 5,819 | |||
Costs capitalized subsequent to acquisition | 849 | |||
Carrying amount of land | 3,789 | |||
Carrying amount of buildings and improvements | 6,668 | |||
Carrying amount of land and buildings and improvements, Total | 10,457 | |||
Accumulated Depreciation | $ (762) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Des Plaines Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 8,022 | |||
Building and Improvements | 17,145 | |||
Costs capitalized subsequent to acquisition | 4,129 | |||
Carrying amount of land | 8,023 | |||
Carrying amount of buildings and improvements | 21,273 | |||
Carrying amount of land and buildings and improvements, Total | 29,296 | |||
Accumulated Depreciation | $ (8,745) | |||
Date of Construction/ Acquisition | 1995, 1996, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elgin Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,480 | |||
Building and Improvements | 6,422 | |||
Costs capitalized subsequent to acquisition | 854 | |||
Carrying amount of land | 2,480 | |||
Carrying amount of buildings and improvements | 7,276 | |||
Carrying amount of land and buildings and improvements, Total | 9,756 | |||
Accumulated Depreciation | $ (404) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elk Grove Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 14 | |||
Land | $ 37,200 | |||
Building and Improvements | 81,638 | |||
Costs capitalized subsequent to acquisition | 41,879 | |||
Carrying amount of land | 37,200 | |||
Carrying amount of buildings and improvements | 123,517 | |||
Carrying amount of land and buildings and improvements, Total | 160,717 | |||
Accumulated Depreciation | $ (48,437) | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1999, 2006, 2009, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elk Grove Du Page [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 21 | |||
Land | $ 14,830 | |||
Building and Improvements | 64,408 | |||
Costs capitalized subsequent to acquisition | 13,911 | |||
Carrying amount of land | 14,830 | |||
Carrying amount of buildings and improvements | 78,319 | |||
Carrying amount of land and buildings and improvements, Total | 93,149 | |||
Accumulated Depreciation | $ (17,943) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elk Grove Village SG [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,856 | |||
Building and Improvements | 11,049 | |||
Costs capitalized subsequent to acquisition | 1,484 | |||
Carrying amount of land | 5,856 | |||
Carrying amount of buildings and improvements | 12,533 | |||
Carrying amount of land and buildings and improvements, Total | 18,389 | |||
Accumulated Depreciation | $ (3,484) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elmhurst Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,862 | |||
Building and Improvements | 3,263 | |||
Costs capitalized subsequent to acquisition | 472 | |||
Carrying amount of land | 1,862 | |||
Carrying amount of buildings and improvements | 3,735 | |||
Carrying amount of land and buildings and improvements, Total | 5,597 | |||
Accumulated Depreciation | $ (197) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Franklin Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 22,998 | |||
Building and Improvements | 49,906 | |||
Costs capitalized subsequent to acquisition | 805 | |||
Carrying amount of land | 22,998 | |||
Carrying amount of buildings and improvements | 50,711 | |||
Carrying amount of land and buildings and improvements, Total | 73,709 | |||
Accumulated Depreciation | $ (2,516) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Glendale Heights Distribution Center | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 8,381 | |||
Building and Improvements | 39,047 | |||
Costs capitalized subsequent to acquisition | 5,895 | |||
Carrying amount of land | 8,381 | |||
Carrying amount of buildings and improvements | 44,942 | |||
Carrying amount of land and buildings and improvements, Total | 53,323 | |||
Accumulated Depreciation | $ (17,374) | |||
Date of Construction/ Acquisition | 1999, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Grand Rapids Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 839 | |||
Building and Improvements | 1,516 | |||
Costs capitalized subsequent to acquisition | 16 | |||
Carrying amount of land | 839 | |||
Carrying amount of buildings and improvements | 1,532 | |||
Carrying amount of land and buildings and improvements, Total | 2,371 | |||
Accumulated Depreciation | $ (77) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gurnee Distribution Centre [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,353 | |||
Building and Improvements | 5,579 | |||
Costs capitalized subsequent to acquisition | 298 | |||
Carrying amount of land | 2,353 | |||
Carrying amount of buildings and improvements | 5,877 | |||
Carrying amount of land and buildings and improvements, Total | 8,230 | |||
Accumulated Depreciation | $ (385) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-55 Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,383 | |||
Building and Improvements | 25,504 | |||
Costs capitalized subsequent to acquisition | 36,018 | |||
Carrying amount of land | 11,786 | |||
Carrying amount of buildings and improvements | 55,119 | |||
Carrying amount of land and buildings and improvements, Total | 66,905 | |||
Accumulated Depreciation | $ (19,352) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Itasca Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,222 | |||
Building and Improvements | 5,178 | |||
Costs capitalized subsequent to acquisition | 1,077 | |||
Carrying amount of land | 1,222 | |||
Carrying amount of buildings and improvements | 6,255 | |||
Carrying amount of land and buildings and improvements, Total | 7,477 | |||
Accumulated Depreciation | $ (806) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Itasca Industrial Portfolio [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,044 | |||
Building and Improvements | 1,920 | |||
Costs capitalized subsequent to acquisition | 229 | |||
Carrying amount of land | 1,044 | |||
Carrying amount of buildings and improvements | 2,149 | |||
Carrying amount of land and buildings and improvements, Total | 3,193 | |||
Accumulated Depreciation | $ (545) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kehoe Industrial Center | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,975 | |||
Building and Improvements | 7,876 | |||
Costs capitalized subsequent to acquisition | 545 | |||
Carrying amount of land | 2,975 | |||
Carrying amount of buildings and improvements | 8,421 | |||
Carrying amount of land and buildings and improvements, Total | 11,396 | |||
Accumulated Depreciation | $ (1,013) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kennicott Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 811 | |||
Building and Improvements | 2,996 | |||
Costs capitalized subsequent to acquisition | 24 | |||
Carrying amount of land | 811 | |||
Carrying amount of buildings and improvements | 3,020 | |||
Carrying amount of land and buildings and improvements, Total | 3,831 | |||
Accumulated Depreciation | $ (221) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kenosha Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 14,484 | |||
Building and Improvements | 117,728 | |||
Costs capitalized subsequent to acquisition | 521 | |||
Carrying amount of land | 14,484 | |||
Carrying amount of buildings and improvements | 118,249 | |||
Carrying amount of land and buildings and improvements, Total | 132,733 | |||
Accumulated Depreciation | $ (5,085) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | McCook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,968 | |||
Building and Improvements | 6,784 | |||
Costs capitalized subsequent to acquisition | 281 | |||
Carrying amount of land | 1,968 | |||
Carrying amount of buildings and improvements | 7,065 | |||
Carrying amount of land and buildings and improvements, Total | 9,033 | |||
Accumulated Depreciation | $ (333) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Melrose Park Distribution Centre [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,544 | |||
Building and Improvements | 27,851 | |||
Costs capitalized subsequent to acquisition | 488 | |||
Carrying amount of land | 9,544 | |||
Carrying amount of buildings and improvements | 28,339 | |||
Carrying amount of land and buildings and improvements, Total | 37,883 | |||
Accumulated Depreciation | $ (1,390) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Minooka Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 18,420 | |||
Building and Improvements | 67,250 | |||
Costs capitalized subsequent to acquisition | 18,437 | |||
Carrying amount of land | 19,404 | |||
Carrying amount of buildings and improvements | 84,703 | |||
Carrying amount of land and buildings and improvements, Total | 104,107 | |||
Accumulated Depreciation | $ (23,238) | |||
Date of Construction/ Acquisition | 2005, 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mitchell Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,236 | |||
Building and Improvements | 7,004 | |||
Costs capitalized subsequent to acquisition | 4,355 | |||
Carrying amount of land | 1,236 | |||
Carrying amount of buildings and improvements | 11,359 | |||
Carrying amount of land and buildings and improvements, Total | 12,595 | |||
Accumulated Depreciation | $ (7,913) | |||
Date of Construction/ Acquisition | 1,996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mount Pleasant Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,876 | |||
Building and Improvements | 8,171 | |||
Costs capitalized subsequent to acquisition | 574 | |||
Carrying amount of land | 2,876 | |||
Carrying amount of buildings and improvements | 8,745 | |||
Carrying amount of land and buildings and improvements, Total | 11,621 | |||
Accumulated Depreciation | $ (399) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | NDP - Chicago [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 461 | |||
Building and Improvements | 1,362 | |||
Costs capitalized subsequent to acquisition | 78 | |||
Carrying amount of land | 461 | |||
Carrying amount of buildings and improvements | 1,440 | |||
Carrying amount of land and buildings and improvements, Total | 1,901 | |||
Accumulated Depreciation | $ (294) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northbrook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,056 | |||
Building and Improvements | 8,227 | |||
Costs capitalized subsequent to acquisition | 4,015 | |||
Carrying amount of land | 2,056 | |||
Carrying amount of buildings and improvements | 12,242 | |||
Carrying amount of land and buildings and improvements, Total | 14,298 | |||
Accumulated Depreciation | $ (3,532) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northlake Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,015 | |||
Building and Improvements | 13,569 | |||
Costs capitalized subsequent to acquisition | 125 | |||
Carrying amount of land | 5,015 | |||
Carrying amount of buildings and improvements | 13,694 | |||
Carrying amount of land and buildings and improvements, Total | 18,709 | |||
Accumulated Depreciation | $ (760) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | OHare Industrial Portfolio [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 3,455 | |||
Building and Improvements | 8,724 | |||
Costs capitalized subsequent to acquisition | 216 | |||
Carrying amount of land | 3,455 | |||
Carrying amount of buildings and improvements | 8,940 | |||
Carrying amount of land and buildings and improvements, Total | 12,395 | |||
Accumulated Depreciation | $ (2,387) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Palatine Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 497 | |||
Building and Improvements | 2,723 | |||
Costs capitalized subsequent to acquisition | 299 | |||
Carrying amount of land | 497 | |||
Carrying amount of buildings and improvements | 3,022 | |||
Carrying amount of land and buildings and improvements, Total | 3,519 | |||
Accumulated Depreciation | $ (200) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pleasant Prairie Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,293 | |||
Building and Improvements | 16,321 | |||
Costs capitalized subsequent to acquisition | 3,597 | |||
Carrying amount of land | 3,293 | |||
Carrying amount of buildings and improvements | 19,918 | |||
Carrying amount of land and buildings and improvements, Total | 23,211 | |||
Accumulated Depreciation | $ (7,053) | |||
Date of Construction/ Acquisition | 1999, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Remington Lakes Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,382 | |||
Building and Improvements | 11,657 | |||
Costs capitalized subsequent to acquisition | 901 | |||
Carrying amount of land | 2,382 | |||
Carrying amount of buildings and improvements | 12,558 | |||
Carrying amount of land and buildings and improvements, Total | 14,940 | |||
Accumulated Depreciation | $ (2,210) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Romeoville Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 30,559 | |||
Building and Improvements | 116,956 | |||
Costs capitalized subsequent to acquisition | 11,527 | |||
Carrying amount of land | 30,559 | |||
Carrying amount of buildings and improvements | 128,483 | |||
Carrying amount of land and buildings and improvements, Total | 159,042 | |||
Accumulated Depreciation | $ (38,273) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | S.C. Johnson & Son [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,267 | |||
Building and Improvements | 15,911 | |||
Costs capitalized subsequent to acquisition | 1,842 | |||
Carrying amount of land | 3,152 | |||
Carrying amount of buildings and improvements | 16,868 | |||
Carrying amount of land and buildings and improvements, Total | 20,020 | |||
Accumulated Depreciation | $ (4,287) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Shiller Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 17,339 | |||
Building and Improvements | 33,001 | |||
Costs capitalized subsequent to acquisition | 3,350 | |||
Carrying amount of land | 17,339 | |||
Carrying amount of buildings and improvements | 36,351 | |||
Carrying amount of land and buildings and improvements, Total | 53,690 | |||
Accumulated Depreciation | $ (2,363) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Touhy Cargo Terminal [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,697 | |||
Building and Improvements | 8,909 | |||
Costs capitalized subsequent to acquisition | 0 | |||
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 | $ (1,503) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tower Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,050 | |||
Building and Improvements | 1,279 | |||
Costs capitalized subsequent to acquisition | 5 | |||
Carrying amount of land | 2,050 | |||
Carrying amount of buildings and improvements | 1,284 | |||
Carrying amount of land and buildings and improvements, Total | 3,334 | |||
Accumulated Depreciation | $ (62) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Waukegan Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,451 | |||
Building and Improvements | 9,438 | |||
Costs capitalized subsequent to acquisition | 506 | |||
Carrying amount of land | 2,451 | |||
Carrying amount of buildings and improvements | 9,944 | |||
Carrying amount of land and buildings and improvements, Total | 12,395 | |||
Accumulated Depreciation | $ (3,260) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West Chicago Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,125 | |||
Building and Improvements | 12,764 | |||
Costs capitalized subsequent to acquisition | 4,971 | |||
Carrying amount of land | 3,125 | |||
Carrying amount of buildings and improvements | 17,735 | |||
Carrying amount of land and buildings and improvements, Total | 20,860 | |||
Accumulated Depreciation | $ (6,425) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Willowbrook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 855 | |||
Building and Improvements | 3,134 | |||
Costs capitalized subsequent to acquisition | 23 | |||
Carrying amount of land | 855 | |||
Carrying amount of buildings and improvements | 3,157 | |||
Carrying amount of land and buildings and improvements, Total | 4,012 | |||
Accumulated Depreciation | $ (337) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Windsor Court [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 635 | |||
Building and Improvements | 3,493 | |||
Costs capitalized subsequent to acquisition | 536 | |||
Carrying amount of land | 635 | |||
Carrying amount of buildings and improvements | 4,029 | |||
Carrying amount of land and buildings and improvements, Total | 4,664 | |||
Accumulated Depreciation | $ (880) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Woodale Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 263 | |||
Building and Improvements | 1,490 | |||
Costs capitalized subsequent to acquisition | 599 | |||
Carrying amount of land | 263 | |||
Carrying amount of buildings and improvements | 2,089 | |||
Carrying amount of land and buildings and improvements, Total | 2,352 | |||
Accumulated Depreciation | $ (1,454) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Woodridge Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 15 | |||
Land | $ 49,943 | |||
Building and Improvements | 215,504 | |||
Costs capitalized subsequent to acquisition | 27,177 | |||
Carrying amount of land | 53,310 | |||
Carrying amount of buildings and improvements | 239,314 | |||
Carrying amount of land and buildings and improvements, Total | 292,624 | |||
Accumulated Depreciation | $ (83,241) | |||
Date of Construction/ Acquisition | 2005, 2007, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Yohan Industrial Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,219 | |||
Building and Improvements | 12,306 | |||
Costs capitalized subsequent to acquisition | 1,685 | |||
Carrying amount of land | 4,219 | |||
Carrying amount of buildings and improvements | 13,991 | |||
Carrying amount of land and buildings and improvements, Total | 18,210 | |||
Accumulated Depreciation | $ (2,937) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airpark Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,851 | |||
Building and Improvements | 21,846 | |||
Costs capitalized subsequent to acquisition | 15,049 | |||
Carrying amount of land | 6,831 | |||
Carrying amount of buildings and improvements | 35,915 | |||
Carrying amount of land and buildings and improvements, Total | 42,746 | |||
Accumulated Depreciation | $ (10,495) | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DAY Cargo Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 0 | |||
Building and Improvements | 4,749 | |||
Costs capitalized subsequent to acquisition | 671 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 5,420 | |||
Carrying amount of land and buildings and improvements, Total | 5,420 | |||
Accumulated Depreciation | $ (2,388) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Fairfield Commercial Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,526 | |||
Building and Improvements | 10,110 | |||
Costs capitalized subsequent to acquisition | 105 | |||
Carrying amount of land | 2,526 | |||
Carrying amount of buildings and improvements | 10,215 | |||
Carrying amount of land and buildings and improvements, Total | 12,741 | |||
Accumulated Depreciation | $ (870) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway International Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,676 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 18,534 | |||
Carrying amount of land | 2,695 | |||
Carrying amount of buildings and improvements | 18,515 | |||
Carrying amount of land and buildings and improvements, Total | 21,210 | |||
Accumulated Depreciation | $ (445) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Monroe Park [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,222 | |||
Building and Improvements | 29,606 | |||
Costs capitalized subsequent to acquisition | 506 | |||
Carrying amount of land | 7,222 | |||
Carrying amount of buildings and improvements | 30,112 | |||
Carrying amount of land and buildings and improvements, Total | 37,334 | |||
Accumulated Depreciation | $ (2,547) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mosteller Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 921 | |||
Building and Improvements | 3,888 | |||
Costs capitalized subsequent to acquisition | 165 | |||
Carrying amount of land | 921 | |||
Carrying amount of buildings and improvements | 4,053 | |||
Carrying amount of land and buildings and improvements, Total | 4,974 | |||
Accumulated Depreciation | $ (379) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park I-275 [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 15,939 | |||
Building and Improvements | 61,886 | |||
Costs capitalized subsequent to acquisition | 3,815 | |||
Carrying amount of land | 15,939 | |||
Carrying amount of buildings and improvements | 65,701 | |||
Carrying amount of land and buildings and improvements, Total | 81,640 | |||
Accumulated Depreciation | $ (9,244) | |||
Date of Construction/ Acquisition | 2008, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sharonville Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,202 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 15,838 | |||
Carrying amount of land | 2,424 | |||
Carrying amount of buildings and improvements | 14,616 | |||
Carrying amount of land and buildings and improvements, Total | 17,040 | |||
Accumulated Depreciation | $ (7,486) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West Chester Commercial Park I [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,366 | |||
Building and Improvements | 13,877 | |||
Costs capitalized subsequent to acquisition | 3,203 | |||
Carrying amount of land | 3,366 | |||
Carrying amount of buildings and improvements | 17,080 | |||
Carrying amount of land and buildings and improvements, Total | 20,446 | |||
Accumulated Depreciation | $ (2,581) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alum Creek Distribution Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,945 | |||
Building and Improvements | 33,239 | |||
Costs capitalized subsequent to acquisition | 321 | |||
Carrying amount of land | 3,945 | |||
Carrying amount of buildings and improvements | 33,560 | |||
Carrying amount of land and buildings and improvements, Total | 37,505 | |||
Accumulated Depreciation | $ (1,871) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brookham Distribution Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,964 | |||
Building and Improvements | 23,858 | |||
Costs capitalized subsequent to acquisition | 5,130 | |||
Carrying amount of land | 5,965 | |||
Carrying amount of buildings and improvements | 28,987 | |||
Carrying amount of land and buildings and improvements, Total | 34,952 | |||
Accumulated Depreciation | $ (12,576) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Capital Park South Distribution Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 10,077 | |||
Building and Improvements | 39,631 | |||
Costs capitalized subsequent to acquisition | 32,697 | |||
Carrying amount of land | 10,470 | |||
Carrying amount of buildings and improvements | 71,935 | |||
Carrying amount of land and buildings and improvements, Total | 82,405 | |||
Accumulated Depreciation | $ (24,153) | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Columbus West Industrial Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 427 | |||
Building and Improvements | 2,407 | |||
Costs capitalized subsequent to acquisition | 202 | |||
Carrying amount of land | 427 | |||
Carrying amount of buildings and improvements | 2,609 | |||
Carrying amount of land and buildings and improvements, Total | 3,036 | |||
Accumulated Depreciation | $ (298) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corporate Park West [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 633 | |||
Building and Improvements | 3,583 | |||
Costs capitalized subsequent to acquisition | 89 | |||
Carrying amount of land | 633 | |||
Carrying amount of buildings and improvements | 3,672 | |||
Carrying amount of land and buildings and improvements, Total | 4,305 | |||
Accumulated Depreciation | $ (327) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crosswinds Distribution Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,058 | |||
Building and Improvements | 17,758 | |||
Costs capitalized subsequent to acquisition | 500 | |||
Carrying amount of land | 3,058 | |||
Carrying amount of buildings and improvements | 18,258 | |||
Carrying amount of land and buildings and improvements, Total | 21,316 | |||
Accumulated Depreciation | $ (1,666) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Etna Distribution Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,840 | |||
Building and Improvements | 33,734 | |||
Costs capitalized subsequent to acquisition | 1,055 | |||
Carrying amount of land | 5,840 | |||
Carrying amount of buildings and improvements | 34,789 | |||
Carrying amount of land and buildings and improvements, Total | 40,629 | |||
Accumulated Depreciation | $ (2,954) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | International Street Commercial Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,503 | |||
Building and Improvements | 6,356 | |||
Costs capitalized subsequent to acquisition | 483 | |||
Carrying amount of land | 1,503 | |||
Carrying amount of buildings and improvements | 6,839 | |||
Carrying amount of land and buildings and improvements, Total | 8,342 | |||
Accumulated Depreciation | $ (1,312) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Park Distribution Center [Member] | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,343 | |||
Building and Improvements | 15,182 | |||
Costs capitalized subsequent to acquisition | 3,627 | |||
Carrying amount of land | 3,343 | |||
Carrying amount of buildings and improvements | 18,809 | |||
Carrying amount of land and buildings and improvements, Total | 22,152 | |||
Accumulated Depreciation | $ (9,453) | |||
Date of Construction/ Acquisition | 1999, 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Park Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 11,834 | |||
Building and Improvements | 47,335 | |||
Costs capitalized subsequent to acquisition | 1,583 | |||
Carrying amount of land | 11,834 | |||
Carrying amount of buildings and improvements | 48,918 | |||
Carrying amount of land and buildings and improvements, Total | 60,752 | |||
Accumulated Depreciation | $ (5,019) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Westpointe Distribution Center | Columbus Ohio | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,446 | |||
Building and Improvements | 7,601 | |||
Costs capitalized subsequent to acquisition | 1,764 | |||
Carrying amount of land | 1,446 | |||
Carrying amount of buildings and improvements | 9,365 | |||
Carrying amount of land and buildings and improvements, Total | 10,811 | |||
Accumulated Depreciation | $ (4,312) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arlington Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 9,380 | |||
Building and Improvements | 41,744 | |||
Costs capitalized subsequent to acquisition | 450 | |||
Carrying amount of land | 9,380 | |||
Carrying amount of buildings and improvements | 42,194 | |||
Carrying amount of land and buildings and improvements, Total | 51,574 | |||
Accumulated Depreciation | $ (5,320) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dallas Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 6,449 | |||
Building and Improvements | 5,441 | |||
Costs capitalized subsequent to acquisition | 35,845 | |||
Carrying amount of land | 6,645 | |||
Carrying amount of buildings and improvements | 41,090 | |||
Carrying amount of land and buildings and improvements, Total | 47,735 | |||
Accumulated Depreciation | $ (21,109) | |||
Date of Construction/ Acquisition | 1996, 1997, 1998, 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dallas Corporate Center North Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,014 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 20,152 | |||
Carrying amount of land | 5,990 | |||
Carrying amount of buildings and improvements | 20,176 | |||
Carrying amount of land and buildings and improvements, Total | 26,166 | |||
Accumulated Depreciation | $ (301) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Cargo Center 1 [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 35,117 | |||
Costs capitalized subsequent to acquisition | 1,284 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 36,401 | |||
Carrying amount of land and buildings and improvements, Total | 36,401 | |||
Accumulated Depreciation | $ (8,082) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Cargo Center 2 [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 27,916 | |||
Costs capitalized subsequent to acquisition | 221 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 28,137 | |||
Carrying amount of land and buildings and improvements, Total | 28,137 | |||
Accumulated Depreciation | $ (5,964) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Cargo Center East [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 0 | |||
Building and Improvements | 19,730 | |||
Costs capitalized subsequent to acquisition | 367 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 20,097 | |||
Carrying amount of land and buildings and improvements, Total | 20,097 | |||
Accumulated Depreciation | $ (7,001) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Logistics Center 6 [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,010 | |||
Building and Improvements | 8,153 | |||
Costs capitalized subsequent to acquisition | 580 | |||
Carrying amount of land | 2,010 | |||
Carrying amount of buildings and improvements | 8,733 | |||
Carrying amount of land and buildings and improvements, Total | 10,743 | |||
Accumulated Depreciation | $ (418) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Flower Mound Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,157 | |||
Building and Improvements | 20,991 | |||
Costs capitalized subsequent to acquisition | 2,588 | |||
Carrying amount of land | 5,157 | |||
Carrying amount of buildings and improvements | 23,579 | |||
Carrying amount of land and buildings and improvements, Total | 28,736 | |||
Accumulated Depreciation | $ (8,198) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Frankford Trade Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,882 | |||
Building and Improvements | 27,530 | |||
Costs capitalized subsequent to acquisition | 807 | |||
Carrying amount of land | 6,882 | |||
Carrying amount of buildings and improvements | 28,337 | |||
Carrying amount of land and buildings and improvements, Total | 35,219 | |||
Accumulated Depreciation | $ (938) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Freeport Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 15,965 | |||
Building and Improvements | 63,935 | |||
Costs capitalized subsequent to acquisition | 9,665 | |||
Carrying amount of land | 15,872 | |||
Carrying amount of buildings and improvements | 73,693 | |||
Carrying amount of land and buildings and improvements, Total | 89,565 | |||
Accumulated Depreciation | $ (9,737) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Freeport Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,393 | |||
Building and Improvements | 5,549 | |||
Costs capitalized subsequent to acquisition | 6,289 | |||
Carrying amount of land | 1,440 | |||
Carrying amount of buildings and improvements | 11,791 | |||
Carrying amount of land and buildings and improvements, Total | 13,231 | |||
Accumulated Depreciation | $ (7,219) | |||
Date of Construction/ Acquisition | 1996, 1997, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gold Spike Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,629 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 18,094 | |||
Carrying amount of land | 3,629 | |||
Carrying amount of buildings and improvements | 18,094 | |||
Carrying amount of land and buildings and improvements, Total | 21,723 | |||
Accumulated Depreciation | $ (334) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Great Southwest Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,476 | |||
Building and Improvements | 18,358 | |||
Costs capitalized subsequent to acquisition | 455 | |||
Carrying amount of land | 4,476 | |||
Carrying amount of buildings and improvements | 18,813 | |||
Carrying amount of land and buildings and improvements, Total | 23,289 | |||
Accumulated Depreciation | $ (1,625) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Great Southwest Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 22 | |||
Land | $ 44,349 | |||
Building and Improvements | 190,068 | |||
Costs capitalized subsequent to acquisition | 26,195 | |||
Carrying amount of land | 44,454 | |||
Carrying amount of buildings and improvements | 216,158 | |||
Carrying amount of land and buildings and improvements, Total | 260,612 | |||
Accumulated Depreciation | $ (67,964) | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1999, 2000, 2005, 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Greater Dallas Industrial Portfolio [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,525 | |||
Building and Improvements | 16,375 | |||
Costs capitalized subsequent to acquisition | 1,713 | |||
Carrying amount of land | 3,525 | |||
Carrying amount of buildings and improvements | 18,088 | |||
Carrying amount of land and buildings and improvements, Total | 21,613 | |||
Accumulated Depreciation | $ (4,066) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Heritage Business Park [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 20,153 | |||
Building and Improvements | 93,145 | |||
Costs capitalized subsequent to acquisition | 29,179 | |||
Carrying amount of land | 20,153 | |||
Carrying amount of buildings and improvements | 122,324 | |||
Carrying amount of land and buildings and improvements, Total | 142,477 | |||
Accumulated Depreciation | $ (5,187) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lonestar Portfolio [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,396 | |||
Building and Improvements | 7,839 | |||
Costs capitalized subsequent to acquisition | 2,774 | |||
Carrying amount of land | 2,396 | |||
Carrying amount of buildings and improvements | 10,613 | |||
Carrying amount of land and buildings and improvements, Total | 13,009 | |||
Accumulated Depreciation | $ (2,655) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mesquite Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,355 | |||
Building and Improvements | 34,609 | |||
Costs capitalized subsequent to acquisition | 1,247 | |||
Carrying amount of land | 8,355 | |||
Carrying amount of buildings and improvements | 35,856 | |||
Carrying amount of land and buildings and improvements, Total | 44,211 | |||
Accumulated Depreciation | $ (4,450) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northgate Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 13,001 | |||
Building and Improvements | 62,062 | |||
Costs capitalized subsequent to acquisition | 9,361 | |||
Carrying amount of land | 13,488 | |||
Carrying amount of buildings and improvements | 70,936 | |||
Carrying amount of land and buildings and improvements, Total | 84,424 | |||
Accumulated Depreciation | $ (23,775) | |||
Date of Construction/ Acquisition | 1999, 2005, 2008, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park 121 Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,888 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,628 | |||
Carrying amount of land | 7,662 | |||
Carrying amount of buildings and improvements | 13,854 | |||
Carrying amount of land and buildings and improvements, Total | 21,516 | |||
Accumulated Depreciation | $ (217) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverside Drive Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,107 | |||
Building and Improvements | 14,919 | |||
Costs capitalized subsequent to acquisition | 74 | |||
Carrying amount of land | 5,107 | |||
Carrying amount of buildings and improvements | 14,993 | |||
Carrying amount of land and buildings and improvements, Total | 20,100 | |||
Accumulated Depreciation | $ (1,020) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ST Micro Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,429 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 17,317 | |||
Carrying amount of land | 4,026 | |||
Carrying amount of buildings and improvements | 15,720 | |||
Carrying amount of land and buildings and improvements, Total | 19,746 | |||
Accumulated Depreciation | $ (96) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stemmons Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 272 | |||
Building and Improvements | 1,544 | |||
Costs capitalized subsequent to acquisition | 1,018 | |||
Carrying amount of land | 272 | |||
Carrying amount of buildings and improvements | 2,562 | |||
Carrying amount of land and buildings and improvements, Total | 2,834 | |||
Accumulated Depreciation | $ (1,887) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stemmons Industrial Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 1,653 | |||
Building and Improvements | 10,526 | |||
Costs capitalized subsequent to acquisition | 6,697 | |||
Carrying amount of land | 1,653 | |||
Carrying amount of buildings and improvements | 17,223 | |||
Carrying amount of land and buildings and improvements, Total | 18,876 | |||
Accumulated Depreciation | $ (12,552) | |||
Date of Construction/ Acquisition | 1994, 1995, 1996, 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Trinity Mills Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 735 | |||
Building and Improvements | 3,774 | |||
Costs capitalized subsequent to acquisition | 1,114 | |||
Carrying amount of land | 735 | |||
Carrying amount of buildings and improvements | 4,888 | |||
Carrying amount of land and buildings and improvements, Total | 5,623 | |||
Accumulated Depreciation | $ (2,907) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valwood Business Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 4,679 | |||
Building and Improvements | 19,195 | |||
Costs capitalized subsequent to acquisition | 1,762 | |||
Carrying amount of land | 4,679 | |||
Carrying amount of buildings and improvements | 20,957 | |||
Carrying amount of land and buildings and improvements, Total | 25,636 | |||
Accumulated Depreciation | $ (6,034) | |||
Date of Construction/ Acquisition | 2001, 2006, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valwood Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 4,742 | |||
Building and Improvements | 20,629 | |||
Costs capitalized subsequent to acquisition | 1,860 | |||
Carrying amount of land | 4,742 | |||
Carrying amount of buildings and improvements | 22,489 | |||
Carrying amount of land and buildings and improvements, Total | 27,231 | |||
Accumulated Depreciation | $ (5,039) | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valwood Industrial Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,802 | |||
Building and Improvements | 9,658 | |||
Costs capitalized subsequent to acquisition | 958 | |||
Carrying amount of land | 1,802 | |||
Carrying amount of buildings and improvements | 10,616 | |||
Carrying amount of land and buildings and improvements, Total | 12,418 | |||
Accumulated Depreciation | $ (2,564) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Watersridge Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,939 | |||
Building and Improvements | 11,365 | |||
Costs capitalized subsequent to acquisition | 103 | |||
Carrying amount of land | 1,939 | |||
Carrying amount of buildings and improvements | 11,468 | |||
Carrying amount of land and buildings and improvements, Total | 13,407 | |||
Accumulated Depreciation | $ (622) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Denver Business Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,142 | |||
Building and Improvements | 13,396 | |||
Costs capitalized subsequent to acquisition | 830 | |||
Carrying amount of land | 3,142 | |||
Carrying amount of buildings and improvements | 14,226 | |||
Carrying amount of land and buildings and improvements, Total | 17,368 | |||
Accumulated Depreciation | $ (2,507) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Havana Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,421 | |||
Building and Improvements | 5,657 | |||
Costs capitalized subsequent to acquisition | 330 | |||
Carrying amount of land | 1,421 | |||
Carrying amount of buildings and improvements | 5,987 | |||
Carrying amount of land and buildings and improvements, Total | 7,408 | |||
Accumulated Depreciation | $ (700) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pagosa Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 398 | |||
Building and Improvements | 2,322 | |||
Costs capitalized subsequent to acquisition | 1,993 | |||
Carrying amount of land | 398 | |||
Carrying amount of buildings and improvements | 4,315 | |||
Carrying amount of land and buildings and improvements, Total | 4,713 | |||
Accumulated Depreciation | $ (3,249) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Peoria Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,129 | |||
Building and Improvements | 16,593 | |||
Costs capitalized subsequent to acquisition | 160 | |||
Carrying amount of land | 4,129 | |||
Carrying amount of buildings and improvements | 16,753 | |||
Carrying amount of land and buildings and improvements, Total | 20,882 | |||
Accumulated Depreciation | $ (1,392) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stapleton Business Center North [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,930 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 32,664 | |||
Carrying amount of land | 7,230 | |||
Carrying amount of buildings and improvements | 34,364 | |||
Carrying amount of land and buildings and improvements, Total | 41,594 | |||
Accumulated Depreciation | $ (1,869) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stapleton Business Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 34,634 | |||
Building and Improvements | 139,257 | |||
Costs capitalized subsequent to acquisition | 12,215 | |||
Carrying amount of land | 34,635 | |||
Carrying amount of buildings and improvements | 151,471 | |||
Carrying amount of land and buildings and improvements, Total | 186,106 | |||
Accumulated Depreciation | $ (58,668) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Upland Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 4,064 | |||
Building and Improvements | 19,035 | |||
Costs capitalized subsequent to acquisition | 6,180 | |||
Carrying amount of land | 4,077 | |||
Carrying amount of buildings and improvements | 25,202 | |||
Carrying amount of land and buildings and improvements, Total | 29,279 | |||
Accumulated Depreciation | $ (7,295) | |||
Date of Construction/ Acquisition | 1994, 1995, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Upland Distribution Center II [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,396 | |||
Building and Improvements | 5,349 | |||
Costs capitalized subsequent to acquisition | 2,183 | |||
Carrying amount of land | 1,409 | |||
Carrying amount of buildings and improvements | 7,519 | |||
Carrying amount of land and buildings and improvements, Total | 8,928 | |||
Accumulated Depreciation | $ (3,465) | |||
Date of Construction/ Acquisition | 1993, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Avondale Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,231 | |||
Building and Improvements | 5,044 | |||
Costs capitalized subsequent to acquisition | 451 | |||
Carrying amount of land | 2,231 | |||
Carrying amount of buildings and improvements | 5,495 | |||
Carrying amount of land and buildings and improvements, Total | 7,726 | |||
Accumulated Depreciation | $ (306) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Blalock Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,032 | |||
Building and Improvements | 21,983 | |||
Costs capitalized subsequent to acquisition | 3,340 | |||
Carrying amount of land | 5,031 | |||
Carrying amount of buildings and improvements | 25,324 | |||
Carrying amount of land and buildings and improvements, Total | 30,355 | |||
Accumulated Depreciation | $ (6,747) | |||
Date of Construction/ Acquisition | 2002, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cole Creek Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,865 | |||
Building and Improvements | 22,534 | |||
Costs capitalized subsequent to acquisition | 298 | |||
Carrying amount of land | 3,865 | |||
Carrying amount of buildings and improvements | 22,832 | |||
Carrying amount of land and buildings and improvements, Total | 26,697 | |||
Accumulated Depreciation | $ (1,111) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | IAH Cargo Center 1 [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 13,267 | |||
Costs capitalized subsequent to acquisition | 546 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 13,813 | |||
Carrying amount of land and buildings and improvements, Total | 13,813 | |||
Accumulated Depreciation | $ (1,813) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Jersey Village Corporate Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 17,971 | |||
Building and Improvements | 73,062 | |||
Costs capitalized subsequent to acquisition | 2,905 | |||
Carrying amount of land | 17,830 | |||
Carrying amount of buildings and improvements | 76,108 | |||
Carrying amount of land and buildings and improvements, Total | 93,938 | |||
Accumulated Depreciation | $ (9,957) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kempwood Business Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,746 | |||
Building and Improvements | 9,894 | |||
Costs capitalized subsequent to acquisition | 3,819 | |||
Carrying amount of land | 1,746 | |||
Carrying amount of buildings and improvements | 13,713 | |||
Carrying amount of land and buildings and improvements, Total | 15,459 | |||
Accumulated Depreciation | $ (7,878) | |||
Date of Construction/ Acquisition | 2,001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Perimeter Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 676 | |||
Building and Improvements | 4,604 | |||
Costs capitalized subsequent to acquisition | 1,131 | |||
Carrying amount of land | 745 | |||
Carrying amount of buildings and improvements | 5,666 | |||
Carrying amount of land and buildings and improvements, Total | 6,411 | |||
Accumulated Depreciation | $ (3,443) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pine Forest Business Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 6,042 | |||
Building and Improvements | 27,639 | |||
Costs capitalized subsequent to acquisition | 9,861 | |||
Carrying amount of land | 6,042 | |||
Carrying amount of buildings and improvements | 37,500 | |||
Carrying amount of land and buildings and improvements, Total | 43,542 | |||
Accumulated Depreciation | $ (18,792) | |||
Date of Construction/ Acquisition | 1993, 1995, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pine North Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 847 | |||
Building and Improvements | 4,800 | |||
Costs capitalized subsequent to acquisition | 2,067 | |||
Carrying amount of land | 847 | |||
Carrying amount of buildings and improvements | 6,867 | |||
Carrying amount of land and buildings and improvements, Total | 7,714 | |||
Accumulated Depreciation | $ (3,889) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pinemont Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 642 | |||
Building and Improvements | 3,636 | |||
Costs capitalized subsequent to acquisition | 1,153 | |||
Carrying amount of land | 642 | |||
Carrying amount of buildings and improvements | 4,789 | |||
Carrying amount of land and buildings and improvements, Total | 5,431 | |||
Accumulated Depreciation | $ (2,976) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Post Oak Business Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 2,334 | |||
Building and Improvements | 11,655 | |||
Costs capitalized subsequent to acquisition | 10,351 | |||
Carrying amount of land | 2,334 | |||
Carrying amount of buildings and improvements | 22,006 | |||
Carrying amount of land and buildings and improvements, Total | 24,340 | |||
Accumulated Depreciation | $ (16,351) | |||
Date of Construction/ Acquisition | 1993, 1994, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Post Oak Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 1,522 | |||
Building and Improvements | 8,758 | |||
Costs capitalized subsequent to acquisition | 6,560 | |||
Carrying amount of land | 1,522 | |||
Carrying amount of buildings and improvements | 15,318 | |||
Carrying amount of land and buildings and improvements, Total | 16,840 | |||
Accumulated Depreciation | $ (11,915) | |||
Date of Construction/ Acquisition | 1993, 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Satsuma Station Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,088 | |||
Building and Improvements | 22,389 | |||
Costs capitalized subsequent to acquisition | 190 | |||
Carrying amount of land | 3,088 | |||
Carrying amount of buildings and improvements | 22,579 | |||
Carrying amount of land and buildings and improvements, Total | 25,667 | |||
Accumulated Depreciation | $ (1,018) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Loop Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 418 | |||
Building and Improvements | 1,943 | |||
Costs capitalized subsequent to acquisition | 2,285 | |||
Carrying amount of land | 418 | |||
Carrying amount of buildings and improvements | 4,228 | |||
Carrying amount of land and buildings and improvements, Total | 4,646 | |||
Accumulated Depreciation | $ (3,106) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sugarland Corporate Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,506 | |||
Building and Improvements | 14,067 | |||
Costs capitalized subsequent to acquisition | 123 | |||
Carrying amount of land | 3,506 | |||
Carrying amount of buildings and improvements | 14,190 | |||
Carrying amount of land and buildings and improvements, Total | 17,696 | |||
Accumulated Depreciation | $ (1,173) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West by Northwest Industrial Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 11,316 | |||
Building and Improvements | 46,372 | |||
Costs capitalized subsequent to acquisition | 4,386 | |||
Carrying amount of land | 11,456 | |||
Carrying amount of buildings and improvements | 50,618 | |||
Carrying amount of land and buildings and improvements, Total | 62,074 | |||
Accumulated Depreciation | $ (9,179) | |||
Date of Construction/ Acquisition | 1993, 1994, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | White Street Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 469 | |||
Building and Improvements | 2,656 | |||
Costs capitalized subsequent to acquisition | 2,544 | |||
Carrying amount of land | 469 | |||
Carrying amount of buildings and improvements | 5,200 | |||
Carrying amount of land and buildings and improvements, Total | 5,669 | |||
Accumulated Depreciation | $ (3,797) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wingfoot Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,976 | |||
Building and Improvements | 8,606 | |||
Costs capitalized subsequent to acquisition | 3,480 | |||
Carrying amount of land | 1,976 | |||
Carrying amount of buildings and improvements | 12,086 | |||
Carrying amount of land and buildings and improvements, Total | 14,062 | |||
Accumulated Depreciation | $ (2,229) | |||
Date of Construction/ Acquisition | 2012, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | World Houston Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,529 | |||
Building and Improvements | 6,326 | |||
Costs capitalized subsequent to acquisition | 91 | |||
Carrying amount of land | 1,529 | |||
Carrying amount of buildings and improvements | 6,417 | |||
Carrying amount of land and buildings and improvements, Total | 7,946 | |||
Accumulated Depreciation | $ (950) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport Business Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,667 | |||
Building and Improvements | 6,445 | |||
Costs capitalized subsequent to acquisition | 464 | |||
Carrying amount of land | 1,667 | |||
Carrying amount of buildings and improvements | 6,909 | |||
Carrying amount of land and buildings and improvements, Total | 8,576 | |||
Accumulated Depreciation | $ (577) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airtech Park [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,305 | |||
Building and Improvements | 29,001 | |||
Costs capitalized subsequent to acquisition | 467 | |||
Carrying amount of land | 7,305 | |||
Carrying amount of buildings and improvements | 29,468 | |||
Carrying amount of land and buildings and improvements, Total | 36,773 | |||
Accumulated Depreciation | $ (2,464) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eastside Distribution Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 228 | |||
Building and Improvements | 1,187 | |||
Costs capitalized subsequent to acquisition | 2,255 | |||
Carrying amount of land | 299 | |||
Carrying amount of buildings and improvements | 3,371 | |||
Carrying amount of land and buildings and improvements, Total | 3,670 | |||
Accumulated Depreciation | $ (2,188) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North by Northeast Corporate Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,058 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 9,302 | |||
Carrying amount of land | 1,059 | |||
Carrying amount of buildings and improvements | 9,301 | |||
Carrying amount of land and buildings and improvements, Total | 10,360 | |||
Accumulated Depreciation | $ (5,718) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North Plainfield Park Distribution Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 8,562 | |||
Building and Improvements | 34,778 | |||
Costs capitalized subsequent to acquisition | 103 | |||
Carrying amount of land | 8,562 | |||
Carrying amount of buildings and improvements | 34,881 | |||
Carrying amount of land and buildings and improvements, Total | 43,443 | |||
Accumulated Depreciation | $ (2,925) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park 100 Industrial Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 16 | |||
Land | $ 9,360 | |||
Building and Improvements | 38,402 | |||
Costs capitalized subsequent to acquisition | 23,790 | |||
Carrying amount of land | 9,360 | |||
Carrying amount of buildings and improvements | 62,192 | |||
Carrying amount of land and buildings and improvements, Total | 71,552 | |||
Accumulated Depreciation | $ (27,240) | |||
Date of Construction/ Acquisition | 1995, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park 267 [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,705 | |||
Building and Improvements | 15,695 | |||
Costs capitalized subsequent to acquisition | 948 | |||
Carrying amount of land | 3,705 | |||
Carrying amount of buildings and improvements | 16,643 | |||
Carrying amount of land and buildings and improvements, Total | 20,348 | |||
Accumulated Depreciation | $ (1,293) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Shadeland Industrial Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 428 | |||
Building and Improvements | 2,431 | |||
Costs capitalized subsequent to acquisition | 3,459 | |||
Carrying amount of land | 429 | |||
Carrying amount of buildings and improvements | 5,889 | |||
Carrying amount of land and buildings and improvements, Total | 6,318 | |||
Accumulated Depreciation | $ (4,225) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | JAX Cargo Center [Member] | Jacksonville, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 2,892 | |||
Costs capitalized subsequent to acquisition | 176 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 3,068 | |||
Carrying amount of land and buildings and improvements, Total | 3,068 | |||
Accumulated Depreciation | $ (1,423) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MCI Cargo Center 1 [Member] | Kansas City Kansas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 2,781 | |||
Costs capitalized subsequent to acquisition | 278 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 3,059 | |||
Carrying amount of land and buildings and improvements, Total | 3,059 | |||
Accumulated Depreciation | $ (2,026) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MCI Cargo Center 2 [Member] | Kansas City Kansas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 11,630 | |||
Costs capitalized subsequent to acquisition | 0 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 11,630 | |||
Carrying amount of land and buildings and improvements, Total | 11,630 | |||
Accumulated Depreciation | $ (3,975) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arrowhead Commerce Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 15 | |||
Land | $ 30,075 | |||
Building and Improvements | 82,214 | |||
Costs capitalized subsequent to acquisition | 2,599 | |||
Carrying amount of land | 30,075 | |||
Carrying amount of buildings and improvements | 84,813 | |||
Carrying amount of land and buildings and improvements, Total | 114,888 | |||
Accumulated Depreciation | $ (4,433) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cameron Business Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,963 | |||
Building and Improvements | 3,626 | |||
Costs capitalized subsequent to acquisition | 343 | |||
Carrying amount of land | 1,963 | |||
Carrying amount of buildings and improvements | 3,969 | |||
Carrying amount of land and buildings and improvements, Total | 5,932 | |||
Accumulated Depreciation | $ (206) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Las Vegas Corporate Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 23,118 | |||
Building and Improvements | 51,157 | |||
Costs capitalized subsequent to acquisition | 1,846 | |||
Carrying amount of land | 13,656 | |||
Carrying amount of buildings and improvements | 62,465 | |||
Carrying amount of land and buildings and improvements, Total | 76,121 | |||
Accumulated Depreciation | $ (3,813) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Montessouri Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,039 | |||
Building and Improvements | 2,967 | |||
Costs capitalized subsequent to acquisition | 15 | |||
Carrying amount of land | 1,039 | |||
Carrying amount of buildings and improvements | 2,982 | |||
Carrying amount of land and buildings and improvements, Total | 4,021 | |||
Accumulated Depreciation | $ (184) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North 15 Freeway Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,638 | |||
Building and Improvements | 9,887 | |||
Costs capitalized subsequent to acquisition | 1,731 | |||
Carrying amount of land | 2,655 | |||
Carrying amount of buildings and improvements | 11,601 | |||
Carrying amount of land and buildings and improvements, Total | 14,256 | |||
Accumulated Depreciation | $ (67) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pama Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,223 | |||
Building and Improvements | 5,695 | |||
Costs capitalized subsequent to acquisition | 78 | |||
Carrying amount of land | 2,223 | |||
Carrying amount of buildings and improvements | 5,773 | |||
Carrying amount of land and buildings and improvements, Total | 7,996 | |||
Accumulated Depreciation | $ (292) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sunrise Industrial Park [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 21,499 | |||
Building and Improvements | 92,503 | |||
Costs capitalized subsequent to acquisition | 19,237 | |||
Carrying amount of land | 21,611 | |||
Carrying amount of buildings and improvements | 111,628 | |||
Carrying amount of land and buildings and improvements, Total | 133,239 | |||
Accumulated Depreciation | $ (13,142) | |||
Date of Construction/ Acquisition | 2011, 2013, 2014, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valley View Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,420 | |||
Building and Improvements | 258 | |||
Costs capitalized subsequent to acquisition | 8 | |||
Carrying amount of land | 2,420 | |||
Carrying amount of buildings and improvements | 266 | |||
Carrying amount of land and buildings and improvements, Total | 2,686 | |||
Accumulated Depreciation | $ (168) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Warm Springs Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 8,897 | |||
Building and Improvements | 39,055 | |||
Costs capitalized subsequent to acquisition | 606 | |||
Carrying amount of land | 8,897 | |||
Carrying amount of buildings and improvements | 39,661 | |||
Carrying amount of land and buildings and improvements, Total | 48,558 | |||
Accumulated Depreciation | $ (2,104) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West One Business Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 2,468 | |||
Building and Improvements | 13,985 | |||
Costs capitalized subsequent to acquisition | 5,614 | |||
Carrying amount of land | 2,468 | |||
Carrying amount of buildings and improvements | 19,599 | |||
Carrying amount of land and buildings and improvements, Total | 22,067 | |||
Accumulated Depreciation | $ (13,436) | |||
Date of Construction/ Acquisition | 1,996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cedar Grove Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 20,697 | |||
Building and Improvements | 105,257 | |||
Costs capitalized subsequent to acquisition | 4,238 | |||
Carrying amount of land | 20,696 | |||
Carrying amount of buildings and improvements | 109,496 | |||
Carrying amount of land and buildings and improvements, Total | 130,192 | |||
Accumulated Depreciation | $ (17,257) | |||
Date of Construction/ Acquisition | 2005, 2008, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Commerce Crossings Distribution Center | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,912 | |||
Building and Improvements | 7,649 | |||
Costs capitalized subsequent to acquisition | 284 | |||
Carrying amount of land | 1,912 | |||
Carrying amount of buildings and improvements | 7,933 | |||
Carrying amount of land and buildings and improvements, Total | 9,845 | |||
Accumulated Depreciation | $ (3,018) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-65 Meyer Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,557 | |||
Building and Improvements | 32,334 | |||
Costs capitalized subsequent to acquisition | 25,882 | |||
Carrying amount of land | 9,864 | |||
Carrying amount of buildings and improvements | 57,909 | |||
Carrying amount of land and buildings and improvements, Total | 67,773 | |||
Accumulated Depreciation | $ (11,615) | |||
Date of Construction/ Acquisition | 2006, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | New Cut Road Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,711 | |||
Building and Improvements | 11,694 | |||
Costs capitalized subsequent to acquisition | 803 | |||
Carrying amount of land | 2,711 | |||
Carrying amount of buildings and improvements | 12,497 | |||
Carrying amount of land and buildings and improvements, Total | 15,208 | |||
Accumulated Depreciation | $ (2,436) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | River Ridge Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 8,102 | |||
Building and Improvements | 69,329 | |||
Costs capitalized subsequent to acquisition | 303 | |||
Carrying amount of land | 8,102 | |||
Carrying amount of buildings and improvements | 69,632 | |||
Carrying amount of land and buildings and improvements, Total | 77,734 | |||
Accumulated Depreciation | $ (3,044) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Delp Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,068 | |||
Building and Improvements | 10,546 | |||
Costs capitalized subsequent to acquisition | 1,036 | |||
Carrying amount of land | 1,068 | |||
Carrying amount of buildings and improvements | 11,582 | |||
Carrying amount of land and buildings and improvements, Total | 12,650 | |||
Accumulated Depreciation | $ (8,384) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DeSoto Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 7,225 | |||
Building and Improvements | 4,136 | |||
Costs capitalized subsequent to acquisition | 35,967 | |||
Carrying amount of land | 6,778 | |||
Carrying amount of buildings and improvements | 40,550 | |||
Carrying amount of land and buildings and improvements, Total | 47,328 | |||
Accumulated Depreciation | $ (9,042) | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Memphis Industrial Park [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,252 | |||
Building and Improvements | 14,448 | |||
Costs capitalized subsequent to acquisition | 1,693 | |||
Carrying amount of land | 3,252 | |||
Carrying amount of buildings and improvements | 16,141 | |||
Carrying amount of land and buildings and improvements, Total | 19,393 | |||
Accumulated Depreciation | $ (3,114) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Olive Branch Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,719 | |||
Building and Improvements | 31,134 | |||
Costs capitalized subsequent to acquisition | 443 | |||
Carrying amount of land | 6,719 | |||
Carrying amount of buildings and improvements | 31,577 | |||
Carrying amount of land and buildings and improvements, Total | 38,296 | |||
Accumulated Depreciation | $ (6,611) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Willow Lake Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 613 | |||
Building and Improvements | 3,474 | |||
Costs capitalized subsequent to acquisition | 109 | |||
Carrying amount of land | 613 | |||
Carrying amount of buildings and improvements | 3,583 | |||
Carrying amount of land and buildings and improvements, Total | 4,196 | |||
Accumulated Depreciation | $ (2,313) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Centre Pointe Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 7,507 | |||
Building and Improvements | 15,042 | |||
Costs capitalized subsequent to acquisition | 16,220 | |||
Carrying amount of land | 9,067 | |||
Carrying amount of buildings and improvements | 29,702 | |||
Carrying amount of land and buildings and improvements, Total | 38,769 | |||
Accumulated Depreciation | $ (1,801) | |||
Date of Construction/ Acquisition | 2013, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elam Farms Park [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,097 | |||
Building and Improvements | 8,386 | |||
Costs capitalized subsequent to acquisition | 1,928 | |||
Carrying amount of land | 2,097 | |||
Carrying amount of buildings and improvements | 10,314 | |||
Carrying amount of land and buildings and improvements, Total | 12,411 | |||
Accumulated Depreciation | $ (1,758) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-40 Industrial Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 3,075 | |||
Building and Improvements | 15,333 | |||
Costs capitalized subsequent to acquisition | 5,611 | |||
Carrying amount of land | 3,075 | |||
Carrying amount of buildings and improvements | 20,944 | |||
Carrying amount of land and buildings and improvements, Total | 24,019 | |||
Accumulated Depreciation | $ (9,101) | |||
Date of Construction/ Acquisition | 1995, 1996, 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interchange City Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 11,460 | |||
Building and Improvements | 49,472 | |||
Costs capitalized subsequent to acquisition | 6,184 | |||
Carrying amount of land | 11,460 | |||
Carrying amount of buildings and improvements | 55,656 | |||
Carrying amount of land and buildings and improvements, Total | 67,116 | |||
Accumulated Depreciation | $ (8,538) | |||
Date of Construction/ Acquisition | 1999, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Nashville North Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,194 | |||
Building and Improvements | 44,587 | |||
Costs capitalized subsequent to acquisition | 839 | |||
Carrying amount of land | 6,194 | |||
Carrying amount of buildings and improvements | 45,426 | |||
Carrying amount of land and buildings and improvements, Total | 51,620 | |||
Accumulated Depreciation | $ (2,479) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brunswick Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 870 | |||
Building and Improvements | 4,928 | |||
Costs capitalized subsequent to acquisition | 3,665 | |||
Carrying amount of land | 870 | |||
Carrying amount of buildings and improvements | 8,593 | |||
Carrying amount of land and buildings and improvements, Total | 9,463 | |||
Accumulated Depreciation | $ (5,681) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carteret Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 39,148 | |||
Building and Improvements | 109,124 | |||
Costs capitalized subsequent to acquisition | 892 | |||
Carrying amount of land | 39,148 | |||
Carrying amount of buildings and improvements | 110,016 | |||
Carrying amount of land and buildings and improvements, Total | 149,164 | |||
Accumulated Depreciation | $ (6,225) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | CenterPoint Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,839 | |||
Building and Improvements | 12,490 | |||
Costs capitalized subsequent to acquisition | 1,851 | |||
Carrying amount of land | 2,839 | |||
Carrying amount of buildings and improvements | 14,341 | |||
Carrying amount of land and buildings and improvements, Total | 17,180 | |||
Accumulated Depreciation | $ (3,314) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Clifton Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 8,064 | |||
Building and Improvements | 12,096 | |||
Costs capitalized subsequent to acquisition | 2,555 | |||
Carrying amount of land | 8,064 | |||
Carrying amount of buildings and improvements | 14,651 | |||
Carrying amount of land and buildings and improvements, Total | 22,715 | |||
Accumulated Depreciation | $ (3,165) | |||
Date of Construction/ Acquisition | 2,010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cranbury Business Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 43,056 | |||
Building and Improvements | 91,129 | |||
Costs capitalized subsequent to acquisition | 4,561 | |||
Carrying amount of land | 43,056 | |||
Carrying amount of buildings and improvements | 95,690 | |||
Carrying amount of land and buildings and improvements, Total | 138,746 | |||
Accumulated Depreciation | $ (13,029) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dellamor [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 6,710 | |||
Building and Improvements | 35,478 | |||
Costs capitalized subsequent to acquisition | 2,669 | |||
Carrying amount of land | 6,710 | |||
Carrying amount of buildings and improvements | 38,147 | |||
Carrying amount of land and buildings and improvements, Total | 44,857 | |||
Accumulated Depreciation | $ (9,617) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Docks Corner SG (Phase II) [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 16,232 | |||
Building and Improvements | 19,264 | |||
Costs capitalized subsequent to acquisition | 7,270 | |||
Carrying amount of land | 16,232 | |||
Carrying amount of buildings and improvements | 26,534 | |||
Carrying amount of land and buildings and improvements, Total | 42,766 | |||
Accumulated Depreciation | $ (9,747) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Edison Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 30,610 | |||
Building and Improvements | 52,190 | |||
Costs capitalized subsequent to acquisition | 11,042 | |||
Carrying amount of land | 30,610 | |||
Carrying amount of buildings and improvements | 63,232 | |||
Carrying amount of land and buildings and improvements, Total | 93,842 | |||
Accumulated Depreciation | $ (1,789) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elizabeth Seaport II [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 37,325 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 38,131 | |||
Carrying amount of land | 40,896 | |||
Carrying amount of buildings and improvements | 34,560 | |||
Carrying amount of land and buildings and improvements, Total | 75,456 | |||
Accumulated Depreciation | $ (49) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Exit 10 Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 35,289 | |||
Building and Improvements | 147,492 | |||
Costs capitalized subsequent to acquisition | 12,715 | |||
Carrying amount of land | 35,289 | |||
Carrying amount of buildings and improvements | 160,207 | |||
Carrying amount of land and buildings and improvements, Total | 195,496 | |||
Accumulated Depreciation | $ (53,850) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Exit 7 Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 35,728 | |||
Building and Improvements | 117,157 | |||
Costs capitalized subsequent to acquisition | 753 | |||
Carrying amount of land | 35,728 | |||
Carrying amount of buildings and improvements | 117,910 | |||
Carrying amount of land and buildings and improvements, Total | 153,638 | |||
Accumulated Depreciation | $ (5,139) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Exit 8A Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 21,164 | |||
Building and Improvements | 85,257 | |||
Costs capitalized subsequent to acquisition | 4,876 | |||
Carrying amount of land | 21,164 | |||
Carrying amount of buildings and improvements | 90,133 | |||
Carrying amount of land and buildings and improvements, Total | 111,297 | |||
Accumulated Depreciation | $ (20,304) | |||
Date of Construction/ Acquisition | 2005, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Franklin Commerce Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,304 | |||
Building and Improvements | 23,768 | |||
Costs capitalized subsequent to acquisition | 502 | |||
Carrying amount of land | 9,304 | |||
Carrying amount of buildings and improvements | 24,270 | |||
Carrying amount of land and buildings and improvements, Total | 33,574 | |||
Accumulated Depreciation | $ (4,090) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gourmet Lane Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 13,099 | |||
Building and Improvements | 23,539 | |||
Costs capitalized subsequent to acquisition | 1,167 | |||
Carrying amount of land | 13,099 | |||
Carrying amount of buildings and improvements | 24,706 | |||
Carrying amount of land and buildings and improvements, Total | 37,805 | |||
Accumulated Depreciation | $ (856) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Highway 17 55 Madis [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,937 | |||
Building and Improvements | 13,477 | |||
Costs capitalized subsequent to acquisition | 1,115 | |||
Carrying amount of land | 2,937 | |||
Carrying amount of buildings and improvements | 14,592 | |||
Carrying amount of land and buildings and improvements, Total | 17,529 | |||
Accumulated Depreciation | $ (3,582) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interstate Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 30,188 | |||
Building and Improvements | 76,705 | |||
Costs capitalized subsequent to acquisition | 902 | |||
Carrying amount of land | 30,188 | |||
Carrying amount of buildings and improvements | 77,607 | |||
Carrying amount of land and buildings and improvements, Total | 107,795 | |||
Accumulated Depreciation | $ (3,682) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | JFK Cargo Center 75_77 [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 0 | |||
Building and Improvements | 35,916 | |||
Costs capitalized subsequent to acquisition | 5,489 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 41,405 | |||
Carrying amount of land and buildings and improvements, Total | 41,405 | |||
Accumulated Depreciation | $ (19,902) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kilmer Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 2,526 | |||
Building and Improvements | 14,313 | |||
Costs capitalized subsequent to acquisition | 5,007 | |||
Carrying amount of land | 2,526 | |||
Carrying amount of buildings and improvements | 19,320 | |||
Carrying amount of land and buildings and improvements, Total | 21,846 | |||
Accumulated Depreciation | $ (12,851) | |||
Date of Construction/ Acquisition | 1,996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Liberty Log Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,273 | |||
Building and Improvements | 24,029 | |||
Costs capitalized subsequent to acquisition | 372 | |||
Carrying amount of land | 3,273 | |||
Carrying amount of buildings and improvements | 24,401 | |||
Carrying amount of land and buildings and improvements, Total | 27,674 | |||
Accumulated Depreciation | $ (3,771) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Linden Industrial Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 17,332 | |||
Building and Improvements | 24,264 | |||
Costs capitalized subsequent to acquisition | 1,397 | |||
Carrying amount of land | 17,332 | |||
Carrying amount of buildings and improvements | 25,661 | |||
Carrying amount of land and buildings and improvements, Total | 42,993 | |||
Accumulated Depreciation | $ (920) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lister Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 16,855 | |||
Building and Improvements | 21,802 | |||
Costs capitalized subsequent to acquisition | 1,422 | |||
Carrying amount of land | 16,855 | |||
Carrying amount of buildings and improvements | 23,224 | |||
Carrying amount of land and buildings and improvements, Total | 40,079 | |||
Accumulated Depreciation | $ (768) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Maspeth Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 23,784 | |||
Building and Improvements | 10,849 | |||
Costs capitalized subsequent to acquisition | 278 | |||
Carrying amount of land | 23,784 | |||
Carrying amount of buildings and improvements | 11,127 | |||
Carrying amount of land and buildings and improvements, Total | 34,911 | |||
Accumulated Depreciation | $ (364) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadow Lane [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,036 | |||
Building and Improvements | 6,388 | |||
Costs capitalized subsequent to acquisition | 27 | |||
Carrying amount of land | 1,036 | |||
Carrying amount of buildings and improvements | 6,415 | |||
Carrying amount of land and buildings and improvements, Total | 7,451 | |||
Accumulated Depreciation | $ (1,518) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowland Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 26,379 | |||
Building and Improvements | 83,224 | |||
Costs capitalized subsequent to acquisition | 7,428 | |||
Carrying amount of land | 26,379 | |||
Carrying amount of buildings and improvements | 90,652 | |||
Carrying amount of land and buildings and improvements, Total | 117,031 | |||
Accumulated Depreciation | $ (25,559) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowland Industrial Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 4,190 | |||
Building and Improvements | 13,469 | |||
Costs capitalized subsequent to acquisition | 20,655 | |||
Carrying amount of land | 4,190 | |||
Carrying amount of buildings and improvements | 34,124 | |||
Carrying amount of land and buildings and improvements, Total | 38,314 | |||
Accumulated Depreciation | $ (22,140) | |||
Date of Construction/ Acquisition | 1996, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowlands ALFII [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,972 | |||
Building and Improvements | 18,895 | |||
Costs capitalized subsequent to acquisition | 3,427 | |||
Carrying amount of land | 3,972 | |||
Carrying amount of buildings and improvements | 22,322 | |||
Carrying amount of land and buildings and improvements, Total | 26,294 | |||
Accumulated Depreciation | $ (4,846) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowlands Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 6,898 | |||
Building and Improvements | 41,471 | |||
Costs capitalized subsequent to acquisition | 1,998 | |||
Carrying amount of land | 6,898 | |||
Carrying amount of buildings and improvements | 43,469 | |||
Carrying amount of land and buildings and improvements, Total | 50,367 | |||
Accumulated Depreciation | $ (10,405) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mooncreek Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (3,429) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Murray Hill Parkway [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,907 | |||
Building and Improvements | 12,040 | |||
Costs capitalized subsequent to acquisition | 525 | |||
Carrying amount of land | 2,907 | |||
Carrying amount of buildings and improvements | 12,565 | |||
Carrying amount of land and buildings and improvements, Total | 15,472 | |||
Accumulated Depreciation | $ (2,655) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Newark Airport I and II [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 19,045 | |||
Building and Improvements | 21,936 | |||
Costs capitalized subsequent to acquisition | 901 | |||
Carrying amount of land | 19,045 | |||
Carrying amount of buildings and improvements | 22,837 | |||
Carrying amount of land and buildings and improvements, Total | 41,882 | |||
Accumulated Depreciation | $ (1,882) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orchard Hill | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (955) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pennsauken Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 192 | |||
Building and Improvements | 959 | |||
Costs capitalized subsequent to acquisition | 655 | |||
Carrying amount of land | 203 | |||
Carrying amount of buildings and improvements | 1,603 | |||
Carrying amount of land and buildings and improvements, Total | 1,806 | |||
Accumulated Depreciation | $ (958) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Perth Amboy Corporate Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 54,701 | |||
Building and Improvements | 66,534 | |||
Costs capitalized subsequent to acquisition | 4,365 | |||
Carrying amount of land | 54,701 | |||
Carrying amount of buildings and improvements | 70,899 | |||
Carrying amount of land and buildings and improvements, Total | 125,600 | |||
Accumulated Depreciation | $ (2,554) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Port Reading Business Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 211,931 | |||
Building and Improvements | 256,740 | |||
Costs capitalized subsequent to acquisition | 119,387 | |||
Carrying amount of land | 201,814 | |||
Carrying amount of buildings and improvements | 386,244 | |||
Carrying amount of land and buildings and improvements, Total | 588,058 | |||
Accumulated Depreciation | $ (27,772) | |||
Date of Construction/ Acquisition | 2005, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ports Jersey City Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 34,133 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 61,057 | |||
Carrying amount of land | 34,504 | |||
Carrying amount of buildings and improvements | 60,686 | |||
Carrying amount of land and buildings and improvements, Total | 95,190 | |||
Accumulated Depreciation | $ (4,454) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portview Commerce Center | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,577 | |||
Building and Improvements | 21,581 | |||
Costs capitalized subsequent to acquisition | 19,134 | |||
Carrying amount of land | 9,798 | |||
Carrying amount of buildings and improvements | 40,494 | |||
Carrying amount of land and buildings and improvements, Total | 50,292 | |||
Accumulated Depreciation | $ (5,710) | |||
Date of Construction/ Acquisition | 2011, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Secaucus Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,603 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 26,905 | |||
Carrying amount of land | 9,603 | |||
Carrying amount of buildings and improvements | 26,905 | |||
Carrying amount of land and buildings and improvements, Total | 36,508 | |||
Accumulated Depreciation | $ (3,142) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Skyland Crossdock | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 9,831 | |||
Costs capitalized subsequent to acquisition | 1,308 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 11,139 | |||
Carrying amount of land and buildings and improvements, Total | 11,139 | |||
Accumulated Depreciation | $ (3,018) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Jersey Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,912 | |||
Building and Improvements | 17,437 | |||
Costs capitalized subsequent to acquisition | 216 | |||
Carrying amount of land | 6,912 | |||
Carrying amount of buildings and improvements | 17,653 | |||
Carrying amount of land and buildings and improvements, Total | 24,565 | |||
Accumulated Depreciation | $ (2,317) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Teterboro Meadowlands 15 [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 18,169 | |||
Building and Improvements | 34,604 | |||
Costs capitalized subsequent to acquisition | 226 | |||
Carrying amount of land | 18,169 | |||
Carrying amount of buildings and improvements | 34,830 | |||
Carrying amount of land and buildings and improvements, Total | 52,999 | |||
Accumulated Depreciation | $ (5,752) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Two South Middlesex [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,389 | |||
Building and Improvements | 8,410 | |||
Costs capitalized subsequent to acquisition | 1,030 | |||
Carrying amount of land | 4,389 | |||
Carrying amount of buildings and improvements | 9,440 | |||
Carrying amount of land and buildings and improvements, Total | 13,829 | |||
Accumulated Depreciation | $ (2,408) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beltway Commerce Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 18,835 | |||
Building and Improvements | 25,526 | |||
Costs capitalized subsequent to acquisition | 15,316 | |||
Carrying amount of land | 18,840 | |||
Carrying amount of buildings and improvements | 40,837 | |||
Carrying amount of land and buildings and improvements, Total | 59,677 | |||
Accumulated Depreciation | $ (7,093) | |||
Date of Construction/ Acquisition | 2008, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chancellor Distribution Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 380 | |||
Building and Improvements | 2,157 | |||
Costs capitalized subsequent to acquisition | 2,615 | |||
Carrying amount of land | 380 | |||
Carrying amount of buildings and improvements | 4,772 | |||
Carrying amount of land and buildings and improvements, Total | 5,152 | |||
Accumulated Depreciation | $ (3,391) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chancellor Square [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 2,087 | |||
Building and Improvements | 9,708 | |||
Costs capitalized subsequent to acquisition | 2,320 | |||
Carrying amount of land | 687 | |||
Carrying amount of buildings and improvements | 13,428 | |||
Carrying amount of land and buildings and improvements, Total | 14,115 | |||
Accumulated Depreciation | $ (2,928) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Consulate Distribution Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 6,105 | |||
Building and Improvements | 31,550 | |||
Costs capitalized subsequent to acquisition | 3,419 | |||
Carrying amount of land | 6,105 | |||
Carrying amount of buildings and improvements | 34,969 | |||
Carrying amount of land and buildings and improvements, Total | 41,074 | |||
Accumulated Depreciation | $ (16,254) | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crowne Pointe Park [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,888 | |||
Building and Improvements | 7,497 | |||
Costs capitalized subsequent to acquisition | 1,592 | |||
Carrying amount of land | 3,888 | |||
Carrying amount of buildings and improvements | 9,089 | |||
Carrying amount of land and buildings and improvements, Total | 12,977 | |||
Accumulated Depreciation | $ (434) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Davenport Distribution Center [[Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 934 | |||
Building and Improvements | 3,991 | |||
Costs capitalized subsequent to acquisition | 102 | |||
Carrying amount of land | 934 | |||
Carrying amount of buildings and improvements | 4,093 | |||
Carrying amount of land and buildings and improvements, Total | 5,027 | |||
Accumulated Depreciation | $ (763) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lake Mary Logistics Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,374 | |||
Building and Improvements | 5,101 | |||
Costs capitalized subsequent to acquisition | 185 | |||
Carrying amount of land | 1,374 | |||
Carrying amount of buildings and improvements | 5,286 | |||
Carrying amount of land and buildings and improvements, Total | 6,660 | |||
Accumulated Depreciation | $ (277) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orlando Airport Park [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,259 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 17,025 | |||
Carrying amount of land | 5,724 | |||
Carrying amount of buildings and improvements | 16,560 | |||
Carrying amount of land and buildings and improvements, Total | 22,284 | |||
Accumulated Depreciation | $ (104) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orlando Central Park [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,398 | |||
Building and Improvements | 5,977 | |||
Costs capitalized subsequent to acquisition | 416 | |||
Carrying amount of land | 1,398 | |||
Carrying amount of buildings and improvements | 6,393 | |||
Carrying amount of land and buildings and improvements, Total | 7,791 | |||
Accumulated Depreciation | $ (1,378) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orlando Corporate Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 8,061 | |||
Building and Improvements | 33,030 | |||
Costs capitalized subsequent to acquisition | 1,544 | |||
Carrying amount of land | 8,061 | |||
Carrying amount of buildings and improvements | 34,574 | |||
Carrying amount of land and buildings and improvements, Total | 42,635 | |||
Accumulated Depreciation | $ (3,061) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Presidents Drive [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 6,845 | |||
Building and Improvements | 31,180 | |||
Costs capitalized subsequent to acquisition | 4,240 | |||
Carrying amount of land | 6,845 | |||
Carrying amount of buildings and improvements | 35,420 | |||
Carrying amount of land and buildings and improvements, Total | 42,265 | |||
Accumulated Depreciation | $ (8,892) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sand Lake Service Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 3,704 | |||
Building and Improvements | 19,546 | |||
Costs capitalized subsequent to acquisition | 4,035 | |||
Carrying amount of land | 3,704 | |||
Carrying amount of buildings and improvements | 23,581 | |||
Carrying amount of land and buildings and improvements, Total | 27,285 | |||
Accumulated Depreciation | $ (5,793) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | 24th Street Industrial Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 503 | |||
Building and Improvements | 2,852 | |||
Costs capitalized subsequent to acquisition | 2,042 | |||
Carrying amount of land | 561 | |||
Carrying amount of buildings and improvements | 4,836 | |||
Carrying amount of land and buildings and improvements, Total | 5,397 | |||
Accumulated Depreciation | $ (3,781) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alameda Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,872 | |||
Building and Improvements | 14,358 | |||
Costs capitalized subsequent to acquisition | 3,184 | |||
Carrying amount of land | 3,872 | |||
Carrying amount of buildings and improvements | 17,542 | |||
Carrying amount of land and buildings and improvements, Total | 21,414 | |||
Accumulated Depreciation | $ (6,945) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brookridge Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,897 | |||
Building and Improvements | 15,153 | |||
Costs capitalized subsequent to acquisition | 241 | |||
Carrying amount of land | 3,897 | |||
Carrying amount of buildings and improvements | 15,394 | |||
Carrying amount of land and buildings and improvements, Total | 19,291 | |||
Accumulated Depreciation | $ (1,357) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hohokam 10 Business Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,317 | |||
Building and Improvements | 7,468 | |||
Costs capitalized subsequent to acquisition | 1,581 | |||
Carrying amount of land | 1,318 | |||
Carrying amount of buildings and improvements | 9,048 | |||
Carrying amount of land and buildings and improvements, Total | 10,366 | |||
Accumulated Depreciation | $ (5,355) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kyrene Commons Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,093 | |||
Building and Improvements | 5,475 | |||
Costs capitalized subsequent to acquisition | 2,909 | |||
Carrying amount of land | 1,093 | |||
Carrying amount of buildings and improvements | 8,384 | |||
Carrying amount of land and buildings and improvements, Total | 9,477 | |||
Accumulated Depreciation | $ (5,550) | |||
Date of Construction/ Acquisition | 1992, 1998, 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Papago Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,828 | |||
Building and Improvements | 20,017 | |||
Costs capitalized subsequent to acquisition | 5,275 | |||
Carrying amount of land | 4,829 | |||
Carrying amount of buildings and improvements | 25,291 | |||
Carrying amount of land and buildings and improvements, Total | 30,120 | |||
Accumulated Depreciation | $ (11,790) | |||
Date of Construction/ Acquisition | 1994, 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Phoenix Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,441 | |||
Building and Improvements | 5,578 | |||
Costs capitalized subsequent to acquisition | 1,026 | |||
Carrying amount of land | 1,441 | |||
Carrying amount of buildings and improvements | 6,604 | |||
Carrying amount of land and buildings and improvements, Total | 8,045 | |||
Accumulated Depreciation | $ (978) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sky Harbor Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 0 | |||
Building and Improvements | 14,023 | |||
Costs capitalized subsequent to acquisition | 2,714 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 16,737 | |||
Carrying amount of land and buildings and improvements, Total | 16,737 | |||
Accumulated Depreciation | $ (336) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | University Dr Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 683 | |||
Building and Improvements | 2,735 | |||
Costs capitalized subsequent to acquisition | 825 | |||
Carrying amount of land | 683 | |||
Carrying amount of buildings and improvements | 3,560 | |||
Carrying amount of land and buildings and improvements, Total | 4,243 | |||
Accumulated Depreciation | $ (1,298) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Watkins Street Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 242 | |||
Building and Improvements | 1,375 | |||
Costs capitalized subsequent to acquisition | 801 | |||
Carrying amount of land | 243 | |||
Carrying amount of buildings and improvements | 2,175 | |||
Carrying amount of land and buildings and improvements, Total | 2,418 | |||
Accumulated Depreciation | $ (1,496) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wilson Drive Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,273 | |||
Building and Improvements | 5,093 | |||
Costs capitalized subsequent to acquisition | 992 | |||
Carrying amount of land | 1,273 | |||
Carrying amount of buildings and improvements | 6,085 | |||
Carrying amount of land and buildings and improvements, Total | 7,358 | |||
Accumulated Depreciation | $ (2,499) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Clackamas Distribution Center [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 8,828 | |||
Building and Improvements | 28,192 | |||
Costs capitalized subsequent to acquisition | 590 | |||
Carrying amount of land | 8,828 | |||
Carrying amount of buildings and improvements | 28,782 | |||
Carrying amount of land and buildings and improvements, Total | 37,610 | |||
Accumulated Depreciation | $ (2,907) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PDX Cargo Center Airtrans [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 0 | |||
Building and Improvements | 13,697 | |||
Costs capitalized subsequent to acquisition | 246 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 13,943 | |||
Carrying amount of land and buildings and improvements, Total | 13,943 | |||
Accumulated Depreciation | $ (4,284) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PDX Corporate Center East [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 7,126 | |||
Building and Improvements | 21,303 | |||
Costs capitalized subsequent to acquisition | 352 | |||
Carrying amount of land | 7,126 | |||
Carrying amount of buildings and improvements | 21,655 | |||
Carrying amount of land and buildings and improvements, Total | 28,781 | |||
Accumulated Depreciation | $ (1,743) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PDX Corporate Center North Phase II [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,293 | |||
Building and Improvements | 25,461 | |||
Costs capitalized subsequent to acquisition | 2,155 | |||
Carrying amount of land | 10,293 | |||
Carrying amount of buildings and improvements | 27,616 | |||
Carrying amount of land and buildings and improvements, Total | 37,909 | |||
Accumulated Depreciation | $ (4,266) | |||
Date of Construction/ Acquisition | 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portland Northwest Corporate Park [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 13,666 | |||
Building and Improvements | 40,999 | |||
Costs capitalized subsequent to acquisition | 1,068 | |||
Carrying amount of land | 13,666 | |||
Carrying amount of buildings and improvements | 42,067 | |||
Carrying amount of land and buildings and improvements, Total | 55,733 | |||
Accumulated Depreciation | $ (2,171) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southshore Corporate Center [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,480 | |||
Building and Improvements | 24,173 | |||
Costs capitalized subsequent to acquisition | 11,154 | |||
Carrying amount of land | 8,143 | |||
Carrying amount of buildings and improvements | 36,664 | |||
Carrying amount of land and buildings and improvements, Total | 44,807 | |||
Accumulated Depreciation | $ (6,029) | |||
Date of Construction/ Acquisition | 2006, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Damonte Ranch Distribution Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 8,764 | |||
Building and Improvements | 36,766 | |||
Costs capitalized subsequent to acquisition | 1,317 | |||
Carrying amount of land | 8,764 | |||
Carrying amount of buildings and improvements | 38,083 | |||
Carrying amount of land and buildings and improvements, Total | 46,847 | |||
Accumulated Depreciation | $ (6,238) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Golden Valley Distribution Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 940 | |||
Building and Improvements | 13,686 | |||
Costs capitalized subsequent to acquisition | 4,237 | |||
Carrying amount of land | 2,415 | |||
Carrying amount of buildings and improvements | 16,448 | |||
Carrying amount of land and buildings and improvements, Total | 18,863 | |||
Accumulated Depreciation | $ (5,720) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Reno Aircenter [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 544 | |||
Building and Improvements | 12,292 | |||
Costs capitalized subsequent to acquisition | 1,686 | |||
Carrying amount of land | 544 | |||
Carrying amount of buildings and improvements | 13,978 | |||
Carrying amount of land and buildings and improvements, Total | 14,522 | |||
Accumulated Depreciation | $ (571) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | RNO Cargo Center 10_11 [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 0 | |||
Building and Improvements | 4,265 | |||
Costs capitalized subsequent to acquisition | 405 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 4,670 | |||
Carrying amount of land and buildings and improvements, Total | 4,670 | |||
Accumulated Depreciation | $ (1,658) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sage Point Business Park [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,705 | |||
Building and Improvements | 6,821 | |||
Costs capitalized subsequent to acquisition | 457 | |||
Carrying amount of land | 1,705 | |||
Carrying amount of buildings and improvements | 7,278 | |||
Carrying amount of land and buildings and improvements, Total | 8,983 | |||
Accumulated Depreciation | $ (368) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stead Distribution Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,046 | |||
Building and Improvements | 19,330 | |||
Costs capitalized subsequent to acquisition | 607 | |||
Carrying amount of land | 1,046 | |||
Carrying amount of buildings and improvements | 19,937 | |||
Carrying amount of land and buildings and improvements, Total | 20,983 | |||
Accumulated Depreciation | $ (931) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tahoe- Reno Industrial Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 6,705 | |||
Building and Improvements | 30,381 | |||
Costs capitalized subsequent to acquisition | 59,889 | |||
Carrying amount of land | 6,704 | |||
Carrying amount of buildings and improvements | 90,271 | |||
Carrying amount of land and buildings and improvements, Total | 96,975 | |||
Accumulated Depreciation | $ (8,571) | |||
Date of Construction/ Acquisition | 2007, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vista Industrial Park [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 5,923 | |||
Building and Improvements | 26,807 | |||
Costs capitalized subsequent to acquisition | 10,940 | |||
Carrying amount of land | 5,923 | |||
Carrying amount of buildings and improvements | 37,747 | |||
Carrying amount of land and buildings and improvements, Total | 43,670 | |||
Accumulated Depreciation | $ (20,665) | |||
Date of Construction/ Acquisition | 1994, 2001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Coliseum Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,607 | |||
Building and Improvements | 6,548 | |||
Costs capitalized subsequent to acquisition | 94 | |||
Carrying amount of land | 1,607 | |||
Carrying amount of buildings and improvements | 6,642 | |||
Carrying amount of land and buildings and improvements, Total | 8,249 | |||
Accumulated Depreciation | $ (565) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cornerstone Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,173 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,823 | |||
Carrying amount of land | 2,386 | |||
Carrying amount of buildings and improvements | 14,610 | |||
Carrying amount of land and buildings and improvements, Total | 16,996 | |||
Accumulated Depreciation | $ (191) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Director Drive Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,271 | |||
Building and Improvements | 5,455 | |||
Costs capitalized subsequent to acquisition | 299 | |||
Carrying amount of land | 1,271 | |||
Carrying amount of buildings and improvements | 5,754 | |||
Carrying amount of land and buildings and improvements, Total | 7,025 | |||
Accumulated Depreciation | $ (1,268) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Downtown Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 579 | |||
Building and Improvements | 2,347 | |||
Costs capitalized subsequent to acquisition | 0 | |||
Carrying amount of land | 579 | |||
Carrying amount of buildings and improvements | 2,347 | |||
Carrying amount of land and buildings and improvements, Total | 2,926 | |||
Accumulated Depreciation | $ (206) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eisenhauer Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,042 | |||
Building and Improvements | 21,383 | |||
Costs capitalized subsequent to acquisition | 1,592 | |||
Carrying amount of land | 5,042 | |||
Carrying amount of buildings and improvements | 22,975 | |||
Carrying amount of land and buildings and improvements, Total | 28,017 | |||
Accumulated Depreciation | $ (3,625) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interchange East Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (1,872) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Macro Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 2,535 | |||
Building and Improvements | 12,395 | |||
Costs capitalized subsequent to acquisition | 4,887 | |||
Carrying amount of land | 2,535 | |||
Carrying amount of buildings and improvements | 17,282 | |||
Carrying amount of land and buildings and improvements, Total | 19,817 | |||
Accumulated Depreciation | $ (6,481) | |||
Date of Construction/ Acquisition | 2002, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Perrin Creek Corporate Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 9,770 | |||
Building and Improvements | 40,193 | |||
Costs capitalized subsequent to acquisition | 1,526 | |||
Carrying amount of land | 9,770 | |||
Carrying amount of buildings and improvements | 41,719 | |||
Carrying amount of land and buildings and improvements, Total | 51,489 | |||
Accumulated Depreciation | $ (5,552) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Rittiman East Industrial Park [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,848 | |||
Building and Improvements | 19,223 | |||
Costs capitalized subsequent to acquisition | 3,292 | |||
Carrying amount of land | 4,848 | |||
Carrying amount of buildings and improvements | 22,515 | |||
Carrying amount of land and buildings and improvements, Total | 27,363 | |||
Accumulated Depreciation | $ (8,173) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Antonio Distribution Center II [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 885 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 7,893 | |||
Carrying amount of land | 885 | |||
Carrying amount of buildings and improvements | 7,893 | |||
Carrying amount of land and buildings and improvements, Total | 8,778 | |||
Accumulated Depreciation | $ (4,834) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Antonio Distribution Center III [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,154 | |||
Building and Improvements | 12,876 | |||
Costs capitalized subsequent to acquisition | 211 | |||
Carrying amount of land | 3,154 | |||
Carrying amount of buildings and improvements | 13,087 | |||
Carrying amount of land and buildings and improvements, Total | 16,241 | |||
Accumulated Depreciation | $ (1,526) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tri- County Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,888 | |||
Building and Improvements | 27,718 | |||
Costs capitalized subsequent to acquisition | 2,269 | |||
Carrying amount of land | 6,889 | |||
Carrying amount of buildings and improvements | 29,986 | |||
Carrying amount of land and buildings and improvements, Total | 36,875 | |||
Accumulated Depreciation | $ (5,729) | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Acer Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,368 | |||
Building and Improvements | 15,139 | |||
Costs capitalized subsequent to acquisition | 277 | |||
Carrying amount of land | 3,368 | |||
Carrying amount of buildings and improvements | 15,416 | |||
Carrying amount of land and buildings and improvements, Total | 18,784 | |||
Accumulated Depreciation | $ (3,777) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alvarado Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 20,739 | |||
Building and Improvements | 62,595 | |||
Costs capitalized subsequent to acquisition | 7,995 | |||
Carrying amount of land | 20,739 | |||
Carrying amount of buildings and improvements | 70,590 | |||
Carrying amount of land and buildings and improvements, Total | 91,329 | |||
Accumulated Depreciation | $ (27,825) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayshore Distribution Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (4,679) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayside Corporate Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 4,365 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 23,031 | |||
Carrying amount of land | 4,365 | |||
Carrying amount of buildings and improvements | 23,031 | |||
Carrying amount of land and buildings and improvements, Total | 27,396 | |||
Accumulated Depreciation | $ (14,496) | |||
Date of Construction/ Acquisition | 1995, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayside Plaza One | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 5,212 | |||
Building and Improvements | 18,008 | |||
Costs capitalized subsequent to acquisition | 9,688 | |||
Carrying amount of land | 5,216 | |||
Carrying amount of buildings and improvements | 27,692 | |||
Carrying amount of land and buildings and improvements, Total | 32,908 | |||
Accumulated Depreciation | $ (20,122) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayside Plaza Two | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 634 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 3,931 | |||
Carrying amount of land | 634 | |||
Carrying amount of buildings and improvements | 3,931 | |||
Carrying amount of land and buildings and improvements, Total | 4,565 | |||
Accumulated Depreciation | $ (2,655) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Boyce Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 21,719 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 35,182 | |||
Carrying amount of land | 22,360 | |||
Carrying amount of buildings and improvements | 34,541 | |||
Carrying amount of land and buildings and improvements, Total | 56,901 | |||
Accumulated Depreciation | $ (447) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brennan Distribution Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,912 | |||
Building and Improvements | 7,553 | |||
Costs capitalized subsequent to acquisition | 125 | |||
Carrying amount of land | 1,912 | |||
Carrying amount of buildings and improvements | 7,678 | |||
Carrying amount of land and buildings and improvements, Total | 9,590 | |||
Accumulated Depreciation | $ (1,842) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Component Drive Industrial Portfolio | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 2,829 | |||
Building and Improvements | 13,532 | |||
Costs capitalized subsequent to acquisition | 785 | |||
Carrying amount of land | 2,829 | |||
Carrying amount of buildings and improvements | 14,317 | |||
Carrying amount of land and buildings and improvements, Total | 17,146 | |||
Accumulated Depreciation | $ (3,489) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cypress | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,065 | |||
Building and Improvements | 5,103 | |||
Costs capitalized subsequent to acquisition | 252 | |||
Carrying amount of land | 1,065 | |||
Carrying amount of buildings and improvements | 5,355 | |||
Carrying amount of land and buildings and improvements, Total | 6,420 | |||
Accumulated Depreciation | $ (1,275) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dado Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,194 | |||
Building and Improvements | 11,079 | |||
Costs capitalized subsequent to acquisition | 283 | |||
Carrying amount of land | 2,194 | |||
Carrying amount of buildings and improvements | 11,362 | |||
Carrying amount of land and buildings and improvements, Total | 13,556 | |||
Accumulated Depreciation | $ (2,900) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Doolittle Distribution Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,843 | |||
Building and Improvements | 18,849 | |||
Costs capitalized subsequent to acquisition | 1,672 | |||
Carrying amount of land | 2,843 | |||
Carrying amount of buildings and improvements | 20,521 | |||
Carrying amount of land and buildings and improvements, Total | 23,364 | |||
Accumulated Depreciation | $ (4,272) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dowe Industrial Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,884 | |||
Building and Improvements | 20,400 | |||
Costs capitalized subsequent to acquisition | 912 | |||
Carrying amount of land | 5,884 | |||
Carrying amount of buildings and improvements | 21,312 | |||
Carrying amount of land and buildings and improvements, Total | 27,196 | |||
Accumulated Depreciation | $ (5,320) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dublin Industrial Portfolio [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,241 | |||
Building and Improvements | 15,951 | |||
Costs capitalized subsequent to acquisition | 1,071 | |||
Carrying amount of land | 3,241 | |||
Carrying amount of buildings and improvements | 17,022 | |||
Carrying amount of land and buildings and improvements, Total | 20,263 | |||
Accumulated Depreciation | $ (3,393) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | East Bay Doolittle [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,015 | |||
Building and Improvements | 15,988 | |||
Costs capitalized subsequent to acquisition | 1,794 | |||
Carrying amount of land | 4,015 | |||
Carrying amount of buildings and improvements | 17,782 | |||
Carrying amount of land and buildings and improvements, Total | 21,797 | |||
Accumulated Depreciation | $ (4,765) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | East Grand Airfreight [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 43,310 | |||
Building and Improvements | 43,350 | |||
Costs capitalized subsequent to acquisition | 7,435 | |||
Carrying amount of land | 43,310 | |||
Carrying amount of buildings and improvements | 50,785 | |||
Carrying amount of land and buildings and improvements, Total | 94,095 | |||
Accumulated Depreciation | $ (5,017) | |||
Date of Construction/ Acquisition | 2011, 2015, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Edgewater Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,630 | |||
Building and Improvements | 31,153 | |||
Costs capitalized subsequent to acquisition | 3,340 | |||
Carrying amount of land | 6,630 | |||
Carrying amount of buildings and improvements | 34,493 | |||
Carrying amount of land and buildings and improvements, Total | 41,123 | |||
Accumulated Depreciation | $ (8,615) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eigenbrodt Way Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (2,266) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Corporate Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 6,736 | |||
Building and Improvements | 24,747 | |||
Costs capitalized subsequent to acquisition | 11,655 | |||
Carrying amount of land | 6,744 | |||
Carrying amount of buildings and improvements | 36,394 | |||
Carrying amount of land and buildings and improvements, Total | 43,138 | |||
Accumulated Depreciation | $ (26,840) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Commerce Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,933 | |||
Building and Improvements | 10,955 | |||
Costs capitalized subsequent to acquisition | 3,961 | |||
Carrying amount of land | 1,933 | |||
Carrying amount of buildings and improvements | 14,916 | |||
Carrying amount of land and buildings and improvements, Total | 16,849 | |||
Accumulated Depreciation | $ (11,363) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Commerce Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,131 | |||
Building and Improvements | 10,519 | |||
Costs capitalized subsequent to acquisition | 763 | |||
Carrying amount of land | 7,131 | |||
Carrying amount of buildings and improvements | 11,282 | |||
Carrying amount of land and buildings and improvements, Total | 18,413 | |||
Accumulated Depreciation | $ (1,321) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 831 | |||
Building and Improvements | 5,510 | |||
Costs capitalized subsequent to acquisition | 3,554 | |||
Carrying amount of land | 1,038 | |||
Carrying amount of buildings and improvements | 8,857 | |||
Carrying amount of land and buildings and improvements, Total | 9,895 | |||
Accumulated Depreciation | $ (7,004) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 20 | |||
Land | $ 13,535 | |||
Building and Improvements | 48,573 | |||
Costs capitalized subsequent to acquisition | 13,659 | |||
Carrying amount of land | 13,535 | |||
Carrying amount of buildings and improvements | 62,232 | |||
Carrying amount of land and buildings and improvements, Total | 75,767 | |||
Accumulated Depreciation | $ (28,586) | |||
Date of Construction/ Acquisition | 1993, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Junction Industrial Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 7,658 | |||
Building and Improvements | 39,106 | |||
Costs capitalized subsequent to acquisition | 2,156 | |||
Carrying amount of land | 7,658 | |||
Carrying amount of buildings and improvements | 41,262 | |||
Carrying amount of land and buildings and improvements, Total | 48,920 | |||
Accumulated Depreciation | $ (8,288) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Laurelwood Drive [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 18,709 | |||
Building and Improvements | 34,925 | |||
Costs capitalized subsequent to acquisition | 1,098 | |||
Carrying amount of land | 18,709 | |||
Carrying amount of buildings and improvements | 36,023 | |||
Carrying amount of land and buildings and improvements, Total | 54,732 | |||
Accumulated Depreciation | $ (4,197) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lawrence SSF [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,189 | |||
Building and Improvements | 7,498 | |||
Costs capitalized subsequent to acquisition | 299 | |||
Carrying amount of land | 2,189 | |||
Carrying amount of buildings and improvements | 7,797 | |||
Carrying amount of land and buildings and improvements, Total | 9,986 | |||
Accumulated Depreciation | $ (1,813) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Livermore Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 8,992 | |||
Building and Improvements | 26,976 | |||
Costs capitalized subsequent to acquisition | 3,841 | |||
Carrying amount of land | 8,992 | |||
Carrying amount of buildings and improvements | 30,817 | |||
Carrying amount of land and buildings and improvements, Total | 39,809 | |||
Accumulated Depreciation | $ (12,003) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Martin-Scott Industrial Portfolio [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,546 | |||
Building and Improvements | 9,717 | |||
Costs capitalized subsequent to acquisition | 498 | |||
Carrying amount of land | 3,546 | |||
Carrying amount of buildings and improvements | 10,215 | |||
Carrying amount of land and buildings and improvements, Total | 13,761 | |||
Accumulated Depreciation | $ (2,468) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Oakland Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 8,234 | |||
Building and Improvements | 24,704 | |||
Costs capitalized subsequent to acquisition | 2,650 | |||
Carrying amount of land | 8,235 | |||
Carrying amount of buildings and improvements | 27,353 | |||
Carrying amount of land and buildings and improvements, Total | 35,588 | |||
Accumulated Depreciation | $ (10,629) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Overlook Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,573 | |||
Building and Improvements | 8,915 | |||
Costs capitalized subsequent to acquisition | 2,576 | |||
Carrying amount of land | 1,573 | |||
Carrying amount of buildings and improvements | 11,491 | |||
Carrying amount of land and buildings and improvements, Total | 13,064 | |||
Accumulated Depreciation | $ (5,981) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,075 | |||
Building and Improvements | 26,260 | |||
Costs capitalized subsequent to acquisition | 4,153 | |||
Carrying amount of land | 6,075 | |||
Carrying amount of buildings and improvements | 30,413 | |||
Carrying amount of land and buildings and improvements, Total | 36,488 | |||
Accumulated Depreciation | $ (7,034) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Business Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 20,810 | |||
Building and Improvements | 32,169 | |||
Costs capitalized subsequent to acquisition | 3,170 | |||
Carrying amount of land | 20,810 | |||
Carrying amount of buildings and improvements | 35,339 | |||
Carrying amount of land and buildings and improvements, Total | 56,149 | |||
Accumulated Depreciation | $ (6,205) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Commons Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 25,784 | |||
Building and Improvements | 77,594 | |||
Costs capitalized subsequent to acquisition | 2,350 | |||
Carrying amount of land | 25,805 | |||
Carrying amount of buildings and improvements | 79,923 | |||
Carrying amount of land and buildings and improvements, Total | 105,728 | |||
Accumulated Depreciation | $ (30,853) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 21,675 | |||
Building and Improvements | 65,083 | |||
Costs capitalized subsequent to acquisition | 5,055 | |||
Carrying amount of land | 21,675 | |||
Carrying amount of buildings and improvements | 70,138 | |||
Carrying amount of land and buildings and improvements, Total | 91,813 | |||
Accumulated Depreciation | $ (27,280) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Francisco Industrial Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 35,017 | |||
Building and Improvements | 15,007 | |||
Costs capitalized subsequent to acquisition | 81 | |||
Carrying amount of land | 35,017 | |||
Carrying amount of buildings and improvements | 15,088 | |||
Carrying amount of land and buildings and improvements, Total | 50,105 | |||
Accumulated Depreciation | $ (2,641) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Leandro Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 28,264 | |||
Building and Improvements | 44,507 | |||
Costs capitalized subsequent to acquisition | 5,680 | |||
Carrying amount of land | 28,265 | |||
Carrying amount of buildings and improvements | 50,186 | |||
Carrying amount of land and buildings and improvements, Total | 78,451 | |||
Accumulated Depreciation | $ (11,452) | |||
Date of Construction/ Acquisition | 1993, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Shoreline Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 4,328 | |||
Building and Improvements | 16,101 | |||
Costs capitalized subsequent to acquisition | 7,029 | |||
Carrying amount of land | 4,328 | |||
Carrying amount of buildings and improvements | 23,130 | |||
Carrying amount of land and buildings and improvements, Total | 27,458 | |||
Accumulated Depreciation | $ (16,550) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Brokaw [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,014 | |||
Building and Improvements | 23,296 | |||
Costs capitalized subsequent to acquisition | 1,819 | |||
Carrying amount of land | 4,014 | |||
Carrying amount of buildings and improvements | 25,115 | |||
Carrying amount of land and buildings and improvements, Total | 29,129 | |||
Accumulated Depreciation | $ (5,145) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Junction [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,662 | |||
Building and Improvements | 21,120 | |||
Costs capitalized subsequent to acquisition | 1,891 | |||
Carrying amount of land | 3,662 | |||
Carrying amount of buildings and improvements | 23,011 | |||
Carrying amount of land and buildings and improvements, Total | 26,673 | |||
Accumulated Depreciation | $ (4,702) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Lundy [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,500 | |||
Building and Improvements | 33,642 | |||
Costs capitalized subsequent to acquisition | 2,691 | |||
Carrying amount of land | 6,500 | |||
Carrying amount of buildings and improvements | 36,333 | |||
Carrying amount of land and buildings and improvements, Total | 42,833 | |||
Accumulated Depreciation | $ (7,830) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Spinnaker Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 7,043 | |||
Building and Improvements | 25,220 | |||
Costs capitalized subsequent to acquisition | 13,120 | |||
Carrying amount of land | 7,043 | |||
Carrying amount of buildings and improvements | 38,340 | |||
Carrying amount of land and buildings and improvements, Total | 45,383 | |||
Accumulated Depreciation | $ (27,323) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Thornton Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 2,047 | |||
Building and Improvements | 11,706 | |||
Costs capitalized subsequent to acquisition | 4,822 | |||
Carrying amount of land | 2,066 | |||
Carrying amount of buildings and improvements | 16,509 | |||
Carrying amount of land and buildings and improvements, Total | 18,575 | |||
Accumulated Depreciation | $ (11,978) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tri Point Business Park | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 9,057 | |||
Building and Improvements | 23,727 | |||
Costs capitalized subsequent to acquisition | 4,874 | |||
Carrying amount of land | 9,057 | |||
Carrying amount of buildings and improvements | 28,601 | |||
Carrying amount of land and buildings and improvements, Total | 37,658 | |||
Accumulated Depreciation | $ (5,468) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Utah Airfreight [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 10,657 | |||
Building and Improvements | 42,842 | |||
Costs capitalized subsequent to acquisition | 2,806 | |||
Carrying amount of land | 10,657 | |||
Carrying amount of buildings and improvements | 45,648 | |||
Carrying amount of land and buildings and improvements, Total | 56,305 | |||
Accumulated Depreciation | $ (9,147) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wiegman Road [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,285 | |||
Building and Improvements | 12,531 | |||
Costs capitalized subsequent to acquisition | 1,255 | |||
Carrying amount of land | 2,285 | |||
Carrying amount of buildings and improvements | 13,786 | |||
Carrying amount of land and buildings and improvements, Total | 16,071 | |||
Accumulated Depreciation | $ (2,320) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Yosemite Drive [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 31,304 | |||
Building and Improvements | 65,674 | |||
Costs capitalized subsequent to acquisition | 295 | |||
Carrying amount of land | 31,304 | |||
Carrying amount of buildings and improvements | 65,969 | |||
Carrying amount of land and buildings and improvements, Total | 97,273 | |||
Accumulated Depreciation | $ (4,245) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Zanker-Charcot Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 4,867 | |||
Building and Improvements | 28,750 | |||
Costs capitalized subsequent to acquisition | 2,224 | |||
Carrying amount of land | 4,867 | |||
Carrying amount of buildings and improvements | 30,974 | |||
Carrying amount of land and buildings and improvements, Total | 35,841 | |||
Accumulated Depreciation | $ (6,192) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Morgan Business Center [Member] | Savannah, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,161 | |||
Building and Improvements | 14,680 | |||
Costs capitalized subsequent to acquisition | 1,260 | |||
Carrying amount of land | 2,161 | |||
Carrying amount of buildings and improvements | 15,940 | |||
Carrying amount of land and buildings and improvements, Total | 18,101 | |||
Accumulated Depreciation | $ (2,794) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Auburn Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,608 | |||
Building and Improvements | 5,742 | |||
Costs capitalized subsequent to acquisition | 33 | |||
Carrying amount of land | 2,608 | |||
Carrying amount of buildings and improvements | 5,775 | |||
Carrying amount of land and buildings and improvements, Total | 8,383 | |||
Accumulated Depreciation | $ (233) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | East Valley Warehouse [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 10,472 | |||
Building and Improvements | 57,825 | |||
Costs capitalized subsequent to acquisition | 1,012 | |||
Carrying amount of land | 10,472 | |||
Carrying amount of buildings and improvements | 58,837 | |||
Carrying amount of land and buildings and improvements, Total | 69,309 | |||
Accumulated Depreciation | $ (10,563) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Fife Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,245 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 13,811 | |||
Carrying amount of land | 3,588 | |||
Carrying amount of buildings and improvements | 13,468 | |||
Carrying amount of land and buildings and improvements, Total | 17,056 | |||
Accumulated Depreciation | $ (1,295) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harvest Business Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,541 | |||
Building and Improvements | 18,827 | |||
Costs capitalized subsequent to acquisition | 1,002 | |||
Carrying amount of land | 3,541 | |||
Carrying amount of buildings and improvements | 19,829 | |||
Carrying amount of land and buildings and improvements, Total | 23,370 | |||
Accumulated Depreciation | $ (3,998) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interurban Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,233 | |||
Building and Improvements | 13,958 | |||
Costs capitalized subsequent to acquisition | 78 | |||
Carrying amount of land | 7,233 | |||
Carrying amount of buildings and improvements | 14,036 | |||
Carrying amount of land and buildings and improvements, Total | 21,269 | |||
Accumulated Depreciation | $ (1,532) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kent Centre Corporate Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,397 | |||
Building and Improvements | 21,599 | |||
Costs capitalized subsequent to acquisition | 1,170 | |||
Carrying amount of land | 5,397 | |||
Carrying amount of buildings and improvements | 22,769 | |||
Carrying amount of land and buildings and improvements, Total | 28,166 | |||
Accumulated Depreciation | $ (4,519) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kent Corporate Center | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 12,616 | |||
Building and Improvements | 8,368 | |||
Costs capitalized subsequent to acquisition | 842 | |||
Carrying amount of land | 12,616 | |||
Carrying amount of buildings and improvements | 9,210 | |||
Carrying amount of land and buildings and improvements, Total | 21,826 | |||
Accumulated Depreciation | $ (539) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kent-Northwest Corporate Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 18 | |||
Land | $ 71,768 | |||
Building and Improvements | 139,886 | |||
Costs capitalized subsequent to acquisition | 3,069 | |||
Carrying amount of land | 71,768 | |||
Carrying amount of buildings and improvements | 142,955 | |||
Carrying amount of land and buildings and improvements, Total | 214,723 | |||
Accumulated Depreciation | $ (9,422) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kingsport Industrial Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 16,605 | |||
Building and Improvements | 48,942 | |||
Costs capitalized subsequent to acquisition | 3,139 | |||
Carrying amount of land | 16,800 | |||
Carrying amount of buildings and improvements | 51,886 | |||
Carrying amount of land and buildings and improvements, Total | 68,686 | |||
Accumulated Depreciation | $ (13,669) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northwest Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,114 | |||
Building and Improvements | 24,090 | |||
Costs capitalized subsequent to acquisition | 1,994 | |||
Carrying amount of land | 5,114 | |||
Carrying amount of buildings and improvements | 26,084 | |||
Carrying amount of land and buildings and improvements, Total | 31,198 | |||
Accumulated Depreciation | $ (5,403) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Occidental Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,770 | |||
Building and Improvements | 1,960 | |||
Costs capitalized subsequent to acquisition | 471 | |||
Carrying amount of land | 1,770 | |||
Carrying amount of buildings and improvements | 2,431 | |||
Carrying amount of land and buildings and improvements, Total | 4,201 | |||
Accumulated Depreciation | $ (100) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portside Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 111,175 | |||
Building and Improvements | 71,376 | |||
Costs capitalized subsequent to acquisition | 2,274 | |||
Carrying amount of land | 112,575 | |||
Carrying amount of buildings and improvements | 72,250 | |||
Carrying amount of land and buildings and improvements, Total | 184,825 | |||
Accumulated Depreciation | $ (3,896) | |||
Date of Construction/ Acquisition | 2015, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Prologis Park SeaTac [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 12,230 | |||
Building and Improvements | 14,170 | |||
Costs capitalized subsequent to acquisition | 3,752 | |||
Carrying amount of land | 12,457 | |||
Carrying amount of buildings and improvements | 17,695 | |||
Carrying amount of land and buildings and improvements, Total | 30,152 | |||
Accumulated Depreciation | $ (4,423) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Puget Sound Airfreight [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,408 | |||
Building and Improvements | 4,201 | |||
Costs capitalized subsequent to acquisition | 450 | |||
Carrying amount of land | 1,408 | |||
Carrying amount of buildings and improvements | 4,651 | |||
Carrying amount of land and buildings and improvements, Total | 6,059 | |||
Accumulated Depreciation | $ (943) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Renton Northwest Corporate Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,102 | |||
Building and Improvements | 17,946 | |||
Costs capitalized subsequent to acquisition | 1,304 | |||
Carrying amount of land | 5,102 | |||
Carrying amount of buildings and improvements | 19,250 | |||
Carrying amount of land and buildings and improvements, Total | 24,352 | |||
Accumulated Depreciation | $ (4,479) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | SEA Cargo Center North [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 10,279 | |||
Costs capitalized subsequent to acquisition | 63 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 10,342 | |||
Carrying amount of land and buildings and improvements, Total | 10,342 | |||
Accumulated Depreciation | $ (8,842) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sumner Landing [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 10,332 | |||
Building and Improvements | 32,545 | |||
Costs capitalized subsequent to acquisition | 894 | |||
Carrying amount of land | 10,332 | |||
Carrying amount of buildings and improvements | 33,439 | |||
Carrying amount of land and buildings and improvements, Total | 43,771 | |||
Accumulated Depreciation | $ (5,359) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Van Doren's Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,166 | |||
Building and Improvements | 7,339 | |||
Costs capitalized subsequent to acquisition | 7 | |||
Carrying amount of land | 3,166 | |||
Carrying amount of buildings and improvements | 7,346 | |||
Carrying amount of land and buildings and improvements, Total | 10,512 | |||
Accumulated Depreciation | $ (590) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport West Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,253 | |||
Building and Improvements | 3,825 | |||
Costs capitalized subsequent to acquisition | 4,116 | |||
Carrying amount of land | 1,974 | |||
Carrying amount of buildings and improvements | 7,220 | |||
Carrying amount of land and buildings and improvements, Total | 9,194 | |||
Accumulated Depreciation | $ (4,260) | |||
Date of Construction/ Acquisition | 1995, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beacon Centre [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 18 | |||
Land | $ 37,998 | |||
Building and Improvements | 196,004 | |||
Costs capitalized subsequent to acquisition | 15,561 | |||
Carrying amount of land | 37,998 | |||
Carrying amount of buildings and improvements | 211,565 | |||
Carrying amount of land and buildings and improvements, Total | 249,563 | |||
Accumulated Depreciation | $ (40,076) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beacon Industrial Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 23,511 | |||
Building and Improvements | 75,424 | |||
Costs capitalized subsequent to acquisition | 4,812 | |||
Carrying amount of land | 23,511 | |||
Carrying amount of buildings and improvements | 80,236 | |||
Carrying amount of land and buildings and improvements, Total | 103,747 | |||
Accumulated Depreciation | $ (14,551) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beacon Lakes [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 32,911 | |||
Building and Improvements | 24,691 | |||
Costs capitalized subsequent to acquisition | 39,333 | |||
Carrying amount of land | 32,658 | |||
Carrying amount of buildings and improvements | 64,277 | |||
Carrying amount of land and buildings and improvements, Total | 96,935 | |||
Accumulated Depreciation | $ (3,646) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Blue Lagoon Business Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,189 | |||
Building and Improvements | 29,451 | |||
Costs capitalized subsequent to acquisition | 2,429 | |||
Carrying amount of land | 9,189 | |||
Carrying amount of buildings and improvements | 31,880 | |||
Carrying amount of land and buildings and improvements, Total | 41,069 | |||
Accumulated Depreciation | $ (6,369) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | CenterPort Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 8,802 | |||
Building and Improvements | 22,504 | |||
Costs capitalized subsequent to acquisition | 3,958 | |||
Carrying amount of land | 8,922 | |||
Carrying amount of buildings and improvements | 26,342 | |||
Carrying amount of land and buildings and improvements, Total | 35,264 | |||
Accumulated Depreciation | $ (10,623) | |||
Date of Construction/ Acquisition | 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Commercial Logistics Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,938 | |||
Building and Improvements | 11,083 | |||
Costs capitalized subsequent to acquisition | 632 | |||
Carrying amount of land | 7,938 | |||
Carrying amount of buildings and improvements | 11,715 | |||
Carrying amount of land and buildings and improvements, Total | 19,653 | |||
Accumulated Depreciation | $ (920) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Congress Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,266 | |||
Building and Improvements | 5,639 | |||
Costs capitalized subsequent to acquisition | 381 | |||
Carrying amount of land | 2,266 | |||
Carrying amount of buildings and improvements | 6,020 | |||
Carrying amount of land and buildings and improvements, Total | 8,286 | |||
Accumulated Depreciation | $ (375) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dolphin Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,716 | |||
Building and Improvements | 7,364 | |||
Costs capitalized subsequent to acquisition | 858 | |||
Carrying amount of land | 2,716 | |||
Carrying amount of buildings and improvements | 8,222 | |||
Carrying amount of land and buildings and improvements, Total | 10,938 | |||
Accumulated Depreciation | $ (2,263) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,015 | |||
Building and Improvements | 1,284 | |||
Costs capitalized subsequent to acquisition | 18 | |||
Carrying amount of land | 1,015 | |||
Carrying amount of buildings and improvements | 1,302 | |||
Carrying amount of land and buildings and improvements, Total | 2,317 | |||
Accumulated Depreciation | $ (91) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hollywood Park Distribution Center | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 13 | |||
Land | $ 16,848 | |||
Building and Improvements | 36,191 | |||
Costs capitalized subsequent to acquisition | 1,574 | |||
Carrying amount of land | 16,848 | |||
Carrying amount of buildings and improvements | 37,765 | |||
Carrying amount of land and buildings and improvements, Total | 54,613 | |||
Accumulated Depreciation | $ (2,597) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | International Corporate Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 26,915 | |||
Building and Improvements | 54,436 | |||
Costs capitalized subsequent to acquisition | 3,849 | |||
Carrying amount of land | 26,915 | |||
Carrying amount of buildings and improvements | 58,285 | |||
Carrying amount of land and buildings and improvements, Total | 85,200 | |||
Accumulated Depreciation | $ (6,376) | |||
Date of Construction/ Acquisition | 2010, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lyons Technology Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,988 | |||
Building and Improvements | 3,651 | |||
Costs capitalized subsequent to acquisition | 32 | |||
Carrying amount of land | 1,988 | |||
Carrying amount of buildings and improvements | 3,683 | |||
Carrying amount of land and buildings and improvements, Total | 5,671 | |||
Accumulated Depreciation | $ (245) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Magnolia Park Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,398 | |||
Building and Improvements | 1,613 | |||
Costs capitalized subsequent to acquisition | 99 | |||
Carrying amount of land | 1,398 | |||
Carrying amount of buildings and improvements | 1,712 | |||
Carrying amount of land and buildings and improvements, Total | 3,110 | |||
Accumulated Depreciation | $ (108) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Marlin Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,844 | |||
Building and Improvements | 6,603 | |||
Costs capitalized subsequent to acquisition | 449 | |||
Carrying amount of land | 1,844 | |||
Carrying amount of buildings and improvements | 7,052 | |||
Carrying amount of land and buildings and improvements, Total | 8,896 | |||
Accumulated Depreciation | $ (1,649) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Miami Airport Business Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 11,173 | |||
Building and Improvements | 45,921 | |||
Costs capitalized subsequent to acquisition | 2,917 | |||
Carrying amount of land | 11,173 | |||
Carrying amount of buildings and improvements | 48,838 | |||
Carrying amount of land and buildings and improvements, Total | 60,011 | |||
Accumulated Depreciation | $ (10,456) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North Andrews Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,327 | |||
Building and Improvements | 22,330 | |||
Costs capitalized subsequent to acquisition | 562 | |||
Carrying amount of land | 11,327 | |||
Carrying amount of buildings and improvements | 22,892 | |||
Carrying amount of land and buildings and improvements, Total | 34,219 | |||
Accumulated Depreciation | $ (3,963) | |||
Date of Construction/ Acquisition | 1994, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pompano Beach Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 11,035 | |||
Building and Improvements | 15,136 | |||
Costs capitalized subsequent to acquisition | 3,879 | |||
Carrying amount of land | 11,035 | |||
Carrying amount of buildings and improvements | 19,015 | |||
Carrying amount of land and buildings and improvements, Total | 30,050 | |||
Accumulated Depreciation | $ (4,090) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pompano Center of Commerce [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,171 | |||
Building and Improvements | 13,930 | |||
Costs capitalized subsequent to acquisition | 580 | |||
Carrying amount of land | 5,171 | |||
Carrying amount of buildings and improvements | 14,510 | |||
Carrying amount of land and buildings and improvements, Total | 19,681 | |||
Accumulated Depreciation | $ (2,669) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Port Lauderdale Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 40,927 | |||
Building and Improvements | 73,128 | |||
Costs capitalized subsequent to acquisition | 11,407 | |||
Carrying amount of land | 42,235 | |||
Carrying amount of buildings and improvements | 83,227 | |||
Carrying amount of land and buildings and improvements, Total | 125,462 | |||
Accumulated Depreciation | $ (11,392) | |||
Date of Construction/ Acquisition | 1997, 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Port Lucie West Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,131 | |||
Building and Improvements | 1,412 | |||
Costs capitalized subsequent to acquisition | 56 | |||
Carrying amount of land | 1,131 | |||
Carrying amount of buildings and improvements | 1,468 | |||
Carrying amount of land and buildings and improvements, Total | 2,599 | |||
Accumulated Depreciation | $ (122) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ProLogis Park I-595 [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,998 | |||
Building and Improvements | 11,326 | |||
Costs capitalized subsequent to acquisition | 1,098 | |||
Carrying amount of land | 1,999 | |||
Carrying amount of buildings and improvements | 12,423 | |||
Carrying amount of land and buildings and improvements, Total | 14,422 | |||
Accumulated Depreciation | $ (5,889) | |||
Date of Construction/ Acquisition | 2,003 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Prospect Park Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,859 | |||
Building and Improvements | 11,041 | |||
Costs capitalized subsequent to acquisition | 205 | |||
Carrying amount of land | 4,859 | |||
Carrying amount of buildings and improvements | 11,246 | |||
Carrying amount of land and buildings and improvements, Total | 16,105 | |||
Accumulated Depreciation | $ (764) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sawgrass International Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,163 | |||
Building and Improvements | 11,476 | |||
Costs capitalized subsequent to acquisition | 641 | |||
Carrying amount of land | 5,163 | |||
Carrying amount of buildings and improvements | 12,117 | |||
Carrying amount of land and buildings and improvements, Total | 17,280 | |||
Accumulated Depreciation | $ (565) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Seneca Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 16,357 | |||
Building and Improvements | 46,738 | |||
Costs capitalized subsequent to acquisition | 327 | |||
Carrying amount of land | 16,357 | |||
Carrying amount of buildings and improvements | 47,065 | |||
Carrying amount of land and buildings and improvements, Total | 63,422 | |||
Accumulated Depreciation | $ (2,230) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Dade Commerce Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,791 | |||
Building and Improvements | 147 | |||
Costs capitalized subsequent to acquisition | 22 | |||
Carrying amount of land | 1,791 | |||
Carrying amount of buildings and improvements | 169 | |||
Carrying amount of land and buildings and improvements, Total | 1,960 | |||
Accumulated Depreciation | $ (36) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sunshine Park Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,822 | |||
Building and Improvements | 4,857 | |||
Costs capitalized subsequent to acquisition | 35 | |||
Carrying amount of land | 2,822 | |||
Carrying amount of buildings and improvements | 4,892 | |||
Carrying amount of land and buildings and improvements, Total | 7,714 | |||
Accumulated Depreciation | $ (365) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tarpon Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,847 | |||
Building and Improvements | 6,451 | |||
Costs capitalized subsequent to acquisition | 337 | |||
Carrying amount of land | 1,847 | |||
Carrying amount of buildings and improvements | 6,788 | |||
Carrying amount of land and buildings and improvements, Total | 8,635 | |||
Accumulated Depreciation | $ (1,804) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Activity Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,820 | |||
Building and Improvements | 27,410 | |||
Costs capitalized subsequent to acquisition | 421 | |||
Carrying amount of land | 10,820 | |||
Carrying amount of buildings and improvements | 27,831 | |||
Carrying amount of land and buildings and improvements, Total | 38,651 | |||
Accumulated Depreciation | $ (1,510) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Anaheim Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 31,086 | |||
Building and Improvements | 57,836 | |||
Costs capitalized subsequent to acquisition | 4,114 | |||
Carrying amount of land | 31,086 | |||
Carrying amount of buildings and improvements | 61,950 | |||
Carrying amount of land and buildings and improvements, Total | 93,036 | |||
Accumulated Depreciation | $ (23,552) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Anaheim Industrial Property [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (2,151) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arrow Industrial Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,840 | |||
Building and Improvements | 8,120 | |||
Costs capitalized subsequent to acquisition | 1,112 | |||
Carrying amount of land | 4,840 | |||
Carrying amount of buildings and improvements | 9,232 | |||
Carrying amount of land and buildings and improvements, Total | 14,072 | |||
Accumulated Depreciation | $ (2,029) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Artesia Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 26 | |||
Land | $ 163,764 | |||
Building and Improvements | 217,400 | |||
Costs capitalized subsequent to acquisition | 41,082 | |||
Carrying amount of land | 178,700 | |||
Carrying amount of buildings and improvements | 243,546 | |||
Carrying amount of land and buildings and improvements, Total | 422,246 | |||
Accumulated Depreciation | $ (38,492) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bell Ranch Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,539 | |||
Building and Improvements | 23,092 | |||
Costs capitalized subsequent to acquisition | 1,785 | |||
Carrying amount of land | 5,539 | |||
Carrying amount of buildings and improvements | 24,877 | |||
Carrying amount of land and buildings and improvements, Total | 30,416 | |||
Accumulated Depreciation | $ (5,635) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brea Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,488 | |||
Building and Improvements | 4,062 | |||
Costs capitalized subsequent to acquisition | 467 | |||
Carrying amount of land | 2,488 | |||
Carrying amount of buildings and improvements | 4,529 | |||
Carrying amount of land and buildings and improvements, Total | 7,017 | |||
Accumulated Depreciation | $ (888) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | California Commerce Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 30,127 | |||
Building and Improvements | 52,094 | |||
Costs capitalized subsequent to acquisition | 4,781 | |||
Carrying amount of land | 30,127 | |||
Carrying amount of buildings and improvements | 56,875 | |||
Carrying amount of land and buildings and improvements, Total | 87,002 | |||
Accumulated Depreciation | $ (7,914) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carson Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 29,974 | |||
Building and Improvements | 22,483 | |||
Costs capitalized subsequent to acquisition | 17,531 | |||
Carrying amount of land | 29,975 | |||
Carrying amount of buildings and improvements | 40,013 | |||
Carrying amount of land and buildings and improvements, Total | 69,988 | |||
Accumulated Depreciation | $ (3,568) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carson Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 844 | |||
Building and Improvements | 2,081 | |||
Costs capitalized subsequent to acquisition | 968 | |||
Carrying amount of land | 844 | |||
Carrying amount of buildings and improvements | 3,049 | |||
Carrying amount of land and buildings and improvements, Total | 3,893 | |||
Accumulated Depreciation | $ (747) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carson Town Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,781 | |||
Building and Improvements | 31,572 | |||
Costs capitalized subsequent to acquisition | 1,287 | |||
Carrying amount of land | 11,781 | |||
Carrying amount of buildings and improvements | 32,859 | |||
Carrying amount of land and buildings and improvements, Total | 44,640 | |||
Accumulated Depreciation | $ (5,899) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | CAT - Kaiser Commerce Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,971 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 8,807 | |||
Carrying amount of land | 4,972 | |||
Carrying amount of buildings and improvements | 8,806 | |||
Carrying amount of land and buildings and improvements, Total | 13,778 | |||
Accumulated Depreciation | $ (328) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cedarpointe Industrial Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 56,349 | |||
Building and Improvements | 105,792 | |||
Costs capitalized subsequent to acquisition | 1,518 | |||
Carrying amount of land | 56,349 | |||
Carrying amount of buildings and improvements | 107,310 | |||
Carrying amount of land and buildings and improvements, Total | 163,659 | |||
Accumulated Depreciation | $ (7,316) | |||
Date of Construction/ Acquisition | 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chartwell Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 55,803 | |||
Building and Improvements | 77,135 | |||
Costs capitalized subsequent to acquisition | 4,679 | |||
Carrying amount of land | 55,803 | |||
Carrying amount of buildings and improvements | 81,814 | |||
Carrying amount of land and buildings and improvements, Total | 137,617 | |||
Accumulated Depreciation | $ (6,953) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chatsworth Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,713 | |||
Building and Improvements | 17,569 | |||
Costs capitalized subsequent to acquisition | 121 | |||
Carrying amount of land | 11,713 | |||
Carrying amount of buildings and improvements | 17,690 | |||
Carrying amount of land and buildings and improvements, Total | 29,403 | |||
Accumulated Depreciation | $ (1,159) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chino Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 850 | |||
Building and Improvements | 1,274 | |||
Costs capitalized subsequent to acquisition | 8,338 | |||
Carrying amount of land | 9,178 | |||
Carrying amount of buildings and improvements | 1,284 | |||
Carrying amount of land and buildings and improvements, Total | 10,462 | |||
Accumulated Depreciation | $ (1,161) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Commerce Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 11,345 | |||
Building and Improvements | 17,653 | |||
Costs capitalized subsequent to acquisition | 2,415 | |||
Carrying amount of land | 11,345 | |||
Carrying amount of buildings and improvements | 20,068 | |||
Carrying amount of land and buildings and improvements, Total | 31,413 | |||
Accumulated Depreciation | $ (3,274) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crossroads Business Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 36,131 | |||
Building and Improvements | 98,030 | |||
Costs capitalized subsequent to acquisition | 114,144 | |||
Carrying amount of land | 89,673 | |||
Carrying amount of buildings and improvements | 158,632 | |||
Carrying amount of land and buildings and improvements, Total | 248,305 | |||
Accumulated Depreciation | $ (44,682) | |||
Date of Construction/ Acquisition | 2005, 2010, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Del Amo Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (4,291) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dominguez North Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 20,662 | |||
Building and Improvements | 34,382 | |||
Costs capitalized subsequent to acquisition | 4,723 | |||
Carrying amount of land | 20,688 | |||
Carrying amount of buildings and improvements | 39,079 | |||
Carrying amount of land and buildings and improvements, Total | 59,767 | |||
Accumulated Depreciation | $ (9,587) | |||
Date of Construction/ Acquisition | 2007, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eaves Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 13,914 | |||
Building and Improvements | 31,041 | |||
Costs capitalized subsequent to acquisition | 2,748 | |||
Carrying amount of land | 13,914 | |||
Carrying amount of buildings and improvements | 33,789 | |||
Carrying amount of land and buildings and improvements, Total | 47,703 | |||
Accumulated Depreciation | $ (8,308) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Foothill Business Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,254 | |||
Building and Improvements | 8,096 | |||
Costs capitalized subsequent to acquisition | 322 | |||
Carrying amount of land | 5,254 | |||
Carrying amount of buildings and improvements | 8,418 | |||
Carrying amount of land and buildings and improvements, Total | 13,672 | |||
Accumulated Depreciation | $ (1,437) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ford Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 44,128 | |||
Building and Improvements | 108,125 | |||
Costs capitalized subsequent to acquisition | 3,837 | |||
Carrying amount of land | 44,128 | |||
Carrying amount of buildings and improvements | 111,962 | |||
Carrying amount of land and buildings and improvements, Total | 156,090 | |||
Accumulated Depreciation | $ (22,488) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Fordyce Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,110 | |||
Building and Improvements | 19,485 | |||
Costs capitalized subsequent to acquisition | 910 | |||
Carrying amount of land | 6,110 | |||
Carrying amount of buildings and improvements | 20,395 | |||
Carrying amount of land and buildings and improvements, Total | 26,505 | |||
Accumulated Depreciation | $ (5,266) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harris Business Center Alliance II [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 13,134 | |||
Building and Improvements | 66,195 | |||
Costs capitalized subsequent to acquisition | 3,076 | |||
Carrying amount of land | 13,134 | |||
Carrying amount of buildings and improvements | 69,271 | |||
Carrying amount of land and buildings and improvements, Total | 82,405 | |||
Accumulated Depreciation | $ (14,258) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Haven Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 96,975 | |||
Building and Improvements | 73,903 | |||
Costs capitalized subsequent to acquisition | 8,385 | |||
Carrying amount of land | 96,975 | |||
Carrying amount of buildings and improvements | 82,288 | |||
Carrying amount of land and buildings and improvements, Total | 179,263 | |||
Accumulated Depreciation | $ (18,460) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Huntington Beach Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 14,679 | |||
Building and Improvements | 22,019 | |||
Costs capitalized subsequent to acquisition | 794 | |||
Carrying amount of land | 14,679 | |||
Carrying amount of buildings and improvements | 22,813 | |||
Carrying amount of land and buildings and improvements, Total | 37,492 | |||
Accumulated Depreciation | $ (981) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Industry Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 54,170 | |||
Building and Improvements | 99,434 | |||
Costs capitalized subsequent to acquisition | 8,623 | |||
Carrying amount of land | 54,170 | |||
Carrying amount of buildings and improvements | 108,057 | |||
Carrying amount of land and buildings and improvements, Total | 162,227 | |||
Accumulated Depreciation | $ (40,067) | |||
Date of Construction/ Acquisition | 2005, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Inland Empire Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 43,320 | |||
Building and Improvements | 84,006 | |||
Costs capitalized subsequent to acquisition | 8,410 | |||
Carrying amount of land | 44,100 | |||
Carrying amount of buildings and improvements | 91,636 | |||
Carrying amount of land and buildings and improvements, Total | 135,736 | |||
Accumulated Depreciation | $ (26,974) | |||
Date of Construction/ Acquisition | 2005, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Jack Northrup Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,280 | |||
Building and Improvements | 9,820 | |||
Costs capitalized subsequent to acquisition | 53 | |||
Carrying amount of land | 4,280 | |||
Carrying amount of buildings and improvements | 9,873 | |||
Carrying amount of land and buildings and improvements, Total | 14,153 | |||
Accumulated Depreciation | $ (493) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kaiser Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 131,819 | |||
Building and Improvements | 242,618 | |||
Costs capitalized subsequent to acquisition | 16,957 | |||
Carrying amount of land | 136,030 | |||
Carrying amount of buildings and improvements | 255,364 | |||
Carrying amount of land and buildings and improvements, Total | 391,394 | |||
Accumulated Depreciation | $ (92,994) | |||
Date of Construction/ Acquisition | 2005, 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | LAX Cargo Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 0 | |||
Building and Improvements | 19,217 | |||
Costs capitalized subsequent to acquisition | 379 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 19,596 | |||
Carrying amount of land and buildings and improvements, Total | 19,596 | |||
Accumulated Depreciation | $ (7,520) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Los Angeles Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,777 | |||
Building and Improvements | 7,015 | |||
Costs capitalized subsequent to acquisition | 378 | |||
Carrying amount of land | 3,777 | |||
Carrying amount of buildings and improvements | 7,393 | |||
Carrying amount of land and buildings and improvements, Total | 11,170 | |||
Accumulated Depreciation | $ (2,965) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Main St Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 13,058 | |||
Building and Improvements | 20,370 | |||
Costs capitalized subsequent to acquisition | 853 | |||
Carrying amount of land | 13,058 | |||
Carrying amount of buildings and improvements | 21,223 | |||
Carrying amount of land and buildings and improvements, Total | 34,281 | |||
Accumulated Depreciation | $ (1,132) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meridian Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 38,270 | |||
Building and Improvements | 70,022 | |||
Costs capitalized subsequent to acquisition | 1,044 | |||
Carrying amount of land | 38,270 | |||
Carrying amount of buildings and improvements | 71,066 | |||
Carrying amount of land and buildings and improvements, Total | 109,336 | |||
Accumulated Depreciation | $ (9,381) | |||
Date of Construction/ Acquisition | 2008, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mid Counties Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 18 | |||
Land | $ 55,436 | |||
Building and Improvements | 96,453 | |||
Costs capitalized subsequent to acquisition | 16,685 | |||
Carrying amount of land | 55,437 | |||
Carrying amount of buildings and improvements | 113,137 | |||
Carrying amount of land and buildings and improvements, Total | 168,574 | |||
Accumulated Depreciation | $ (43,364) | |||
Date of Construction/ Acquisition | 2005, 2006, 2010, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mill Street Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,825 | |||
Building and Improvements | 4,306 | |||
Costs capitalized subsequent to acquisition | (1) | |||
Carrying amount of land | 1,825 | |||
Carrying amount of buildings and improvements | 4,305 | |||
Carrying amount of land and buildings and improvements, Total | 6,130 | |||
Accumulated Depreciation | $ (363) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mill Street Spec Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,691 | |||
Building and Improvements | 36,550 | |||
Costs capitalized subsequent to acquisition | 188 | |||
Carrying amount of land | 15,691 | |||
Carrying amount of buildings and improvements | 36,738 | |||
Carrying amount of land and buildings and improvements, Total | 52,429 | |||
Accumulated Depreciation | $ (2,999) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milliken Distribution Centre [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 18,831 | |||
Building and Improvements | 30,811 | |||
Costs capitalized subsequent to acquisition | 232 | |||
Carrying amount of land | 18,831 | |||
Carrying amount of buildings and improvements | 31,043 | |||
Carrying amount of land and buildings and improvements, Total | 49,874 | |||
Accumulated Depreciation | $ (5,888) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | NDP Los Angeles [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 14,855 | |||
Building and Improvements | 41,115 | |||
Costs capitalized subsequent to acquisition | 3,529 | |||
Carrying amount of land | 14,855 | |||
Carrying amount of buildings and improvements | 44,644 | |||
Carrying amount of land and buildings and improvements, Total | 59,499 | |||
Accumulated Depreciation | $ (10,837) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Normandie Industrial Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 12,297 | |||
Building and Improvements | 14,957 | |||
Costs capitalized subsequent to acquisition | 1,989 | |||
Carrying amount of land | 12,297 | |||
Carrying amount of buildings and improvements | 16,946 | |||
Carrying amount of land and buildings and improvements, Total | 29,243 | |||
Accumulated Depreciation | $ (4,317) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North County Distribution Centre | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 75,581 | |||
Building and Improvements | 101,342 | |||
Costs capitalized subsequent to acquisition | 10,236 | |||
Carrying amount of land | 75,581 | |||
Carrying amount of buildings and improvements | 111,578 | |||
Carrying amount of land and buildings and improvements, Total | 187,159 | |||
Accumulated Depreciation | $ (17,449) | |||
Date of Construction/ Acquisition | 2011, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ontario Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (5,341) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orange Industrial Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 19,296 | |||
Building and Improvements | 9,514 | |||
Costs capitalized subsequent to acquisition | 706 | |||
Carrying amount of land | 4,157 | |||
Carrying amount of buildings and improvements | 25,359 | |||
Carrying amount of land and buildings and improvements, Total | 29,516 | |||
Accumulated Depreciation | $ (3,172) | |||
Date of Construction/ Acquisition | 2005, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pomona Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 22,361 | |||
Building and Improvements | 27,898 | |||
Costs capitalized subsequent to acquisition | 205 | |||
Carrying amount of land | 22,361 | |||
Carrying amount of buildings and improvements | 28,103 | |||
Carrying amount of land and buildings and improvements, Total | 50,464 | |||
Accumulated Depreciation | $ (2,519) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Prologis Park Ontario | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 25,499 | |||
Building and Improvements | 47,366 | |||
Costs capitalized subsequent to acquisition | 1,283 | |||
Carrying amount of land | 25,499 | |||
Carrying amount of buildings and improvements | 48,649 | |||
Carrying amount of land and buildings and improvements, Total | 74,148 | |||
Accumulated Depreciation | $ (15,843) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Rancho Cucamonga Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 58,710 | |||
Building and Improvements | 113,273 | |||
Costs capitalized subsequent to acquisition | 5,079 | |||
Carrying amount of land | 58,711 | |||
Carrying amount of buildings and improvements | 118,351 | |||
Carrying amount of land and buildings and improvements, Total | 177,062 | |||
Accumulated Depreciation | $ (34,842) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Redlands Commerce Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 20,583 | |||
Building and Improvements | 30,881 | |||
Costs capitalized subsequent to acquisition | 13 | |||
Carrying amount of land | 20,583 | |||
Carrying amount of buildings and improvements | 30,894 | |||
Carrying amount of land and buildings and improvements, Total | 51,477 | |||
Accumulated Depreciation | $ (2,552) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Redlands Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 156,478 | |||
Building and Improvements | 120,920 | |||
Costs capitalized subsequent to acquisition | 200,028 | |||
Carrying amount of land | 154,454 | |||
Carrying amount of buildings and improvements | 322,972 | |||
Carrying amount of land and buildings and improvements, Total | 477,426 | |||
Accumulated Depreciation | $ (32,938) | |||
Date of Construction/ Acquisition | 2006, 2007, 2012, 2013, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Redondo Beach Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,455 | |||
Building and Improvements | 11,223 | |||
Costs capitalized subsequent to acquisition | 72 | |||
Carrying amount of land | 7,455 | |||
Carrying amount of buildings and improvements | 11,295 | |||
Carrying amount of land and buildings and improvements, Total | 18,750 | |||
Accumulated Depreciation | $ (934) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Rialto Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 86,270 | |||
Building and Improvements | 200,602 | |||
Costs capitalized subsequent to acquisition | 33,564 | |||
Carrying amount of land | 88,648 | |||
Carrying amount of buildings and improvements | 231,788 | |||
Carrying amount of land and buildings and improvements, Total | 320,436 | |||
Accumulated Depreciation | $ (30,989) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverbluff Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 42,964 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 33,014 | |||
Carrying amount of land | 42,964 | |||
Carrying amount of buildings and improvements | 33,014 | |||
Carrying amount of land and buildings and improvements, Total | 75,978 | |||
Accumulated Depreciation | $ (8,401) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Santa Ana Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 27,070 | |||
Building and Improvements | 32,168 | |||
Costs capitalized subsequent to acquisition | 1,253 | |||
Carrying amount of land | 27,070 | |||
Carrying amount of buildings and improvements | 33,421 | |||
Carrying amount of land and buildings and improvements, Total | 60,491 | |||
Accumulated Depreciation | $ (4,699) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Santa Fe Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 12,163 | |||
Building and Improvements | 9,927 | |||
Costs capitalized subsequent to acquisition | 84 | |||
Carrying amount of land | 12,163 | |||
Carrying amount of buildings and improvements | 10,011 | |||
Carrying amount of land and buildings and improvements, Total | 22,174 | |||
Accumulated Depreciation | $ (664) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Slover Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 40,335 | |||
Building and Improvements | 45,492 | |||
Costs capitalized subsequent to acquisition | 386 | |||
Carrying amount of land | 40,335 | |||
Carrying amount of buildings and improvements | 45,878 | |||
Carrying amount of land and buildings and improvements, Total | 86,213 | |||
Accumulated Depreciation | $ (2,319) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 14,478 | |||
Building and Improvements | 27,511 | |||
Costs capitalized subsequent to acquisition | 6,608 | |||
Carrying amount of land | 15,280 | |||
Carrying amount of buildings and improvements | 33,317 | |||
Carrying amount of land and buildings and improvements, Total | 48,597 | |||
Accumulated Depreciation | $ (12,633) | |||
Date of Construction/ Acquisition | 2005, 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Transport [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,928 | |||
Building and Improvements | 23,891 | |||
Costs capitalized subsequent to acquisition | 106 | |||
Carrying amount of land | 15,928 | |||
Carrying amount of buildings and improvements | 23,997 | |||
Carrying amount of land and buildings and improvements, Total | 39,925 | |||
Accumulated Depreciation | $ (630) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Starboard Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 18,763 | |||
Building and Improvements | 53,824 | |||
Costs capitalized subsequent to acquisition | 386 | |||
Carrying amount of land | 18,763 | |||
Carrying amount of buildings and improvements | 54,210 | |||
Carrying amount of land and buildings and improvements, Total | 72,973 | |||
Accumulated Depreciation | $ (10,725) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Terra Francesco | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 11,196 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 15,673 | |||
Carrying amount of land | 11,196 | |||
Carrying amount of buildings and improvements | 15,673 | |||
Carrying amount of land and buildings and improvements, Total | 26,869 | |||
Accumulated Depreciation | $ (582) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Torrance Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 25,730 | |||
Building and Improvements | 40,414 | |||
Costs capitalized subsequent to acquisition | 1,134 | |||
Carrying amount of land | 25,730 | |||
Carrying amount of buildings and improvements | 41,548 | |||
Carrying amount of land and buildings and improvements, Total | 67,278 | |||
Accumulated Depreciation | $ (7,211) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Transpark Inland Empire Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 28,936 | |||
Building and Improvements | 42,167 | |||
Costs capitalized subsequent to acquisition | 578 | |||
Carrying amount of land | 28,936 | |||
Carrying amount of buildings and improvements | 42,745 | |||
Carrying amount of land and buildings and improvements, Total | 71,681 | |||
Accumulated Depreciation | $ (3,339) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Van Nuys Airport Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 23,455 | |||
Building and Improvements | 39,916 | |||
Costs capitalized subsequent to acquisition | 2,860 | |||
Carrying amount of land | 23,455 | |||
Carrying amount of buildings and improvements | 42,776 | |||
Carrying amount of land and buildings and improvements, Total | 66,231 | |||
Accumulated Depreciation | $ (8,225) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vernon Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 14 | |||
Land | $ 23,998 | |||
Building and Improvements | 44,529 | |||
Costs capitalized subsequent to acquisition | 4,788 | |||
Carrying amount of land | 24,000 | |||
Carrying amount of buildings and improvements | 49,315 | |||
Carrying amount of land and buildings and improvements, Total | 73,315 | |||
Accumulated Depreciation | $ (19,476) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vernon Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,626 | |||
Building and Improvements | 3,319 | |||
Costs capitalized subsequent to acquisition | 692 | |||
Carrying amount of land | 4,121 | |||
Carrying amount of buildings and improvements | 3,516 | |||
Carrying amount of land and buildings and improvements, Total | 7,637 | |||
Accumulated Depreciation | $ (2,993) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vista Distribution Center | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,150 | |||
Building and Improvements | 6,225 | |||
Costs capitalized subsequent to acquisition | 3,933 | |||
Carrying amount of land | 4,150 | |||
Carrying amount of buildings and improvements | 10,158 | |||
Carrying amount of land and buildings and improvements, Total | 14,308 | |||
Accumulated Depreciation | $ (3,274) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Walnut Drive | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (1,544) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Watson Industrial Center AFdII [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,944 | |||
Building and Improvements | 11,193 | |||
Costs capitalized subsequent to acquisition | 398 | |||
Carrying amount of land | 6,944 | |||
Carrying amount of buildings and improvements | 11,591 | |||
Carrying amount of land and buildings and improvements, Total | 18,535 | |||
Accumulated Depreciation | $ (2,345) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wilmington Avenue Warehouse | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,172 | |||
Building and Improvements | 34,723 | |||
Costs capitalized subsequent to acquisition | 2,952 | |||
Carrying amount of land | 11,172 | |||
Carrying amount of buildings and improvements | 37,675 | |||
Carrying amount of land and buildings and improvements, Total | 48,847 | |||
Accumulated Depreciation | $ (7,616) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Workman Mill Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 32,467 | |||
Building and Improvements | 56,672 | |||
Costs capitalized subsequent to acquisition | 768 | |||
Carrying amount of land | 32,470 | |||
Carrying amount of buildings and improvements | 57,437 | |||
Carrying amount of land and buildings and improvements, Total | 89,907 | |||
Accumulated Depreciation | $ (2,505) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corporate Center Tampa [Member] | Tampa, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 4,458 | |||
Building and Improvements | 19,166 | |||
Costs capitalized subsequent to acquisition | (429) | |||
Carrying amount of land | 4,458 | |||
Carrying amount of buildings and improvements | 18,737 | |||
Carrying amount of land and buildings and improvements, Total | 23,195 | |||
Accumulated Depreciation | $ (1,143) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport Road Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 22,447 | |||
Building and Improvements | 63,150 | |||
Costs capitalized subsequent to acquisition | 2,165 | |||
Carrying amount of land | 23,461 | |||
Carrying amount of buildings and improvements | 64,301 | |||
Carrying amount of land and buildings and improvements, Total | 87,762 | |||
Accumulated Depreciation | $ (10,661) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Annagem Distribution Center | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,028 | |||
Building and Improvements | 10,357 | |||
Costs capitalized subsequent to acquisition | 763 | |||
Carrying amount of land | 3,164 | |||
Carrying amount of buildings and improvements | 10,984 | |||
Carrying amount of land and buildings and improvements, Total | 14,148 | |||
Accumulated Depreciation | $ (1,870) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Annagem Distribution Centre II [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,705 | |||
Building and Improvements | 4,368 | |||
Costs capitalized subsequent to acquisition | 1,238 | |||
Carrying amount of land | 1,782 | |||
Carrying amount of buildings and improvements | 5,529 | |||
Carrying amount of land and buildings and improvements, Total | 7,311 | |||
Accumulated Depreciation | $ (945) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowvale Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 31,136 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 47,244 | |||
Carrying amount of land | 31,718 | |||
Carrying amount of buildings and improvements | 46,662 | |||
Carrying amount of land and buildings and improvements, Total | 78,380 | |||
Accumulated Depreciation | $ (2,118) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Millcreek Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,427 | |||
Building and Improvements | 28,251 | |||
Costs capitalized subsequent to acquisition | 850 | |||
Carrying amount of land | 7,762 | |||
Carrying amount of buildings and improvements | 28,766 | |||
Carrying amount of land and buildings and improvements, Total | 36,528 | |||
Accumulated Depreciation | $ (4,873) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milton 401 Business Park [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,794 | |||
Building and Improvements | 18,982 | |||
Costs capitalized subsequent to acquisition | 3,080 | |||
Carrying amount of land | 6,055 | |||
Carrying amount of buildings and improvements | 21,801 | |||
Carrying amount of land and buildings and improvements, Total | 27,856 | |||
Accumulated Depreciation | $ (4,627) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milton 402 Business Park [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 11,960 | |||
Building and Improvements | 32,582 | |||
Costs capitalized subsequent to acquisition | 8,882 | |||
Carrying amount of land | 12,262 | |||
Carrying amount of buildings and improvements | 41,162 | |||
Carrying amount of land and buildings and improvements, Total | 53,424 | |||
Accumulated Depreciation | $ (4,193) | |||
Date of Construction/ Acquisition | 2011, 2014, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milton Crossings Business Park [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 16,922 | |||
Building and Improvements | 41,190 | |||
Costs capitalized subsequent to acquisition | 4,588 | |||
Carrying amount of land | 17,686 | |||
Carrying amount of buildings and improvements | 45,014 | |||
Carrying amount of land and buildings and improvements, Total | 62,700 | |||
Accumulated Depreciation | $ (7,437) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bolton Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,861 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 21,418 | |||
Carrying amount of land | 7,171 | |||
Carrying amount of buildings and improvements | 21,108 | |||
Carrying amount of land and buildings and improvements, Total | 28,279 | |||
Accumulated Depreciation | $ (3,943) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Keele Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,066 | |||
Building and Improvements | 4,279 | |||
Costs capitalized subsequent to acquisition | 515 | |||
Carrying amount of land | 1,115 | |||
Carrying amount of buildings and improvements | 4,745 | |||
Carrying amount of land and buildings and improvements, Total | 5,860 | |||
Accumulated Depreciation | $ (1,214) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pearson Logistics Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 10,796 | |||
Building and Improvements | 38,698 | |||
Costs capitalized subsequent to acquisition | 1,526 | |||
Carrying amount of land | 11,283 | |||
Carrying amount of buildings and improvements | 39,737 | |||
Carrying amount of land and buildings and improvements, Total | 51,020 | |||
Accumulated Depreciation | $ (6,650) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mississauga Gateway Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 51,330 | |||
Building and Improvements | 118,855 | |||
Costs capitalized subsequent to acquisition | 532 | |||
Carrying amount of land | 51,673 | |||
Carrying amount of buildings and improvements | 119,044 | |||
Carrying amount of land and buildings and improvements, Total | 170,717 | |||
Accumulated Depreciation | $ (9,989) | |||
Date of Construction/ Acquisition | 2008, 2014, 2016 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tapscott Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,571 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 6,302 | |||
Carrying amount of land | 3,368 | |||
Carrying amount of buildings and improvements | 7,505 | |||
Carrying amount of land and buildings and improvements, Total | 10,873 | |||
Accumulated Depreciation | $ (241) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Parque Opcion [Member] | Guadalajara | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 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 | $ (802) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | El Puente Industrial Center [Member] | Reynosa [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 989 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 12,916 | |||
Carrying amount of land | 1,767 | |||
Carrying amount of buildings and improvements | 12,138 | |||
Carrying amount of land and buildings and improvements, Total | 13,905 | |||
Accumulated Depreciation | $ (314) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | European Markets | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 35 | |||
Land | $ 122,630 | |||
Building and Improvements | 166,707 | |||
Costs capitalized subsequent to acquisition | 224,304 | |||
Carrying amount of land | 134,011 | |||
Carrying amount of buildings and improvements | 379,630 | |||
Carrying amount of land and buildings and improvements, Total | 513,641 | |||
Accumulated Depreciation | $ (53,816) | |||
Industrial Operating Properties [Member] | European Markets | Austria | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,225 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,473 | |||
Carrying amount of land | 3,551 | |||
Carrying amount of buildings and improvements | 5,147 | |||
Carrying amount of land and buildings and improvements, Total | 8,698 | |||
Accumulated Depreciation | $ (786) | |||
Industrial Operating Properties [Member] | European Markets | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,604 | |||
Building and Improvements | 11,770 | |||
Costs capitalized subsequent to acquisition | 18,348 | |||
Carrying amount of land | 4,604 | |||
Carrying amount of buildings and improvements | 30,118 | |||
Carrying amount of land and buildings and improvements, Total | 34,722 | |||
Accumulated Depreciation | $ (4,955) | |||
Industrial Operating Properties [Member] | European Markets | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 13,617 | |||
Building and Improvements | 22,197 | |||
Costs capitalized subsequent to acquisition | 42,089 | |||
Carrying amount of land | 14,305 | |||
Carrying amount of buildings and improvements | 63,598 | |||
Carrying amount of land and buildings and improvements, Total | 77,903 | |||
Accumulated Depreciation | $ (7,606) | |||
Industrial Operating Properties [Member] | European Markets | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 34,647 | |||
Building and Improvements | 13,914 | |||
Costs capitalized subsequent to acquisition | 71,805 | |||
Carrying amount of land | 38,403 | |||
Carrying amount of buildings and improvements | 81,963 | |||
Carrying amount of land and buildings and improvements, Total | 120,366 | |||
Accumulated Depreciation | $ (5,014) | |||
Industrial Operating Properties [Member] | European Markets | Hungary [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 245 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 2,969 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 3,214 | |||
Carrying amount of land and buildings and improvements, Total | 3,214 | |||
Accumulated Depreciation | $ 0 | |||
Industrial Operating Properties [Member] | European Markets | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 19,709 | |||
Building and Improvements | 45,854 | |||
Costs capitalized subsequent to acquisition | 2,124 | |||
Carrying amount of land | 19,709 | |||
Carrying amount of buildings and improvements | 47,978 | |||
Carrying amount of land and buildings and improvements, Total | 67,687 | |||
Accumulated Depreciation | $ (10,500) | |||
Industrial Operating Properties [Member] | European Markets | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 4,639 | |||
Building and Improvements | 10,242 | |||
Costs capitalized subsequent to acquisition | 27,146 | |||
Carrying amount of land | 5,254 | |||
Carrying amount of buildings and improvements | 36,773 | |||
Carrying amount of land and buildings and improvements, Total | 42,027 | |||
Accumulated Depreciation | $ (5,748) | |||
Industrial Operating Properties [Member] | European Markets | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,105 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 11,559 | |||
Carrying amount of land | 2,105 | |||
Carrying amount of buildings and improvements | 11,559 | |||
Carrying amount of land and buildings and improvements, Total | 13,664 | |||
Accumulated Depreciation | $ (2,233) | |||
Industrial Operating Properties [Member] | European Markets | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 0 | |||
Building and Improvements | 34,100 | |||
Costs capitalized subsequent to acquisition | 1,040 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 35,140 | |||
Carrying amount of land and buildings and improvements, Total | 35,140 | |||
Accumulated Depreciation | $ (7,935) | |||
Industrial Operating Properties [Member] | European Markets | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 8,738 | |||
Building and Improvements | 19,104 | |||
Costs capitalized subsequent to acquisition | 2,230 | |||
Carrying amount of land | 8,738 | |||
Carrying amount of buildings and improvements | 21,334 | |||
Carrying amount of land and buildings and improvements, Total | 30,072 | |||
Accumulated Depreciation | $ (6,267) | |||
Industrial Operating Properties [Member] | European Markets | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 31,101 | |||
Building and Improvements | 9,526 | |||
Costs capitalized subsequent to acquisition | 39,521 | |||
Carrying amount of land | 37,342 | |||
Carrying amount of buildings and improvements | 42,806 | |||
Carrying amount of land and buildings and improvements, Total | 80,148 | |||
Accumulated Depreciation | $ (2,772) | |||
Industrial Operating Properties [Member] | European Markets | Himberg Distribution Center [Member] | Austria | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,225 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,473 | |||
Carrying amount of land | 3,551 | |||
Carrying amount of buildings and improvements | 5,147 | |||
Carrying amount of land and buildings and improvements, Total | 8,698 | |||
Accumulated Depreciation | $ (786) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Prague Rudna Distribution Center | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,259 | |||
Building and Improvements | 11,770 | |||
Costs capitalized subsequent to acquisition | 3,035 | |||
Carrying amount of land | 2,259 | |||
Carrying amount of buildings and improvements | 14,805 | |||
Carrying amount of land and buildings and improvements, Total | 17,064 | |||
Accumulated Depreciation | $ (825) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | European Markets | Uzice Distribution Center [Member] | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,345 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 15,313 | |||
Carrying amount of land | 2,345 | |||
Carrying amount of buildings and improvements | 15,313 | |||
Carrying amount of land and buildings and improvements, Total | 17,658 | |||
Accumulated Depreciation | $ (4,130) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | European Markets | Bonneuil Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 11,840 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 11,840 | |||
Carrying amount of land and buildings and improvements, Total | 11,840 | |||
Accumulated Depreciation | $ (1,293) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | European Markets | Le Havre Distribution Center [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 620 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 7,439 | |||
Carrying amount of land | 620 | |||
Carrying amount of buildings and improvements | 7,439 | |||
Carrying amount of land and buildings and improvements, Total | 8,059 | |||
Accumulated Depreciation | $ (178) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | European Markets | LGR Genevill. 1 SAS [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,942 | |||
Building and Improvements | 2,107 | |||
Costs capitalized subsequent to acquisition | 718 | |||
Carrying amount of land | 1,942 | |||
Carrying amount of buildings and improvements | 2,825 | |||
Carrying amount of land and buildings and improvements, Total | 4,767 | |||
Accumulated Depreciation | $ (442) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | LGR Genevill. 2 SAS [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,493 | |||
Building and Improvements | 3,095 | |||
Costs capitalized subsequent to acquisition | 44 | |||
Carrying amount of land | 1,493 | |||
Carrying amount of buildings and improvements | 3,139 | |||
Carrying amount of land and buildings and improvements, Total | 4,632 | |||
Accumulated Depreciation | $ (477) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Moissy Ii Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,562 | |||
Building and Improvements | 3,555 | |||
Costs capitalized subsequent to acquisition | 21,878 | |||
Carrying amount of land | 10,250 | |||
Carrying amount of buildings and improvements | 24,745 | |||
Carrying amount of land and buildings and improvements, Total | 34,995 | |||
Accumulated Depreciation | $ (2,425) | |||
Date of Construction/ Acquisition | 2014, 2016 | |||
Industrial Operating Properties [Member] | European Markets | Port of Rouen [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 13,440 | |||
Costs capitalized subsequent to acquisition | 170 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 13,610 | |||
Carrying amount of land and buildings and improvements, Total | 13,610 | |||
Accumulated Depreciation | $ (2,791) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Hausbruch Industrial Center 4-B [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,201 | |||
Building and Improvements | 4,684 | |||
Costs capitalized subsequent to acquisition | 222 | |||
Carrying amount of land | 7,201 | |||
Carrying amount of buildings and improvements | 4,906 | |||
Carrying amount of land and buildings and improvements, Total | 12,107 | |||
Accumulated Depreciation | $ (2,096) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Kolleda Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 223 | |||
Building and Improvements | 3,450 | |||
Costs capitalized subsequent to acquisition | (276) | |||
Carrying amount of land | 223 | |||
Carrying amount of buildings and improvements | 3,174 | |||
Carrying amount of land and buildings and improvements, Total | 3,397 | |||
Accumulated Depreciation | $ (605) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | European Markets | Hausbruch Industrial Center 5-650 [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,592 | |||
Building and Improvements | 400 | |||
Costs capitalized subsequent to acquisition | 292 | |||
Carrying amount of land | 2,592 | |||
Carrying amount of buildings and improvements | 692 | |||
Carrying amount of land and buildings and improvements, Total | 3,284 | |||
Accumulated Depreciation | $ (210) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Meerane Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 22,214 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 71,263 | |||
Carrying amount of land | 25,970 | |||
Carrying amount of buildings and improvements | 67,507 | |||
Carrying amount of land and buildings and improvements, Total | 93,477 | |||
Accumulated Depreciation | $ (983) | |||
Date of Construction/ Acquisition | 2,016 | |||
Industrial Operating Properties [Member] | European Markets | Lauenau Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,417 | |||
Building and Improvements | 5,380 | |||
Costs capitalized subsequent to acquisition | 304 | |||
Carrying amount of land | 2,417 | |||
Carrying amount of buildings and improvements | 5,684 | |||
Carrying amount of land and buildings and improvements, Total | 8,101 | |||
Accumulated Depreciation | $ (1,120) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Hegyeshalom Distribution Center [Member] | Hungary [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 245 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 2,969 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 3,214 | |||
Carrying amount of land and buildings and improvements, Total | 3,214 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | European Markets | Arena Po Distribution Center [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,185 | |||
Building and Improvements | 19,447 | |||
Costs capitalized subsequent to acquisition | 605 | |||
Carrying amount of land | 7,185 | |||
Carrying amount of buildings and improvements | 20,052 | |||
Carrying amount of land and buildings and improvements, Total | 27,237 | |||
Accumulated Depreciation | $ (5,360) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Castel San Giovanni Distribution Center [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,986 | |||
Building and Improvements | 9,117 | |||
Costs capitalized subsequent to acquisition | 321 | |||
Carrying amount of land | 2,986 | |||
Carrying amount of buildings and improvements | 9,438 | |||
Carrying amount of land and buildings and improvements, Total | 12,424 | |||
Accumulated Depreciation | $ (1,885) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Siziano Logistics Park [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,538 | |||
Building and Improvements | 17,290 | |||
Costs capitalized subsequent to acquisition | 1,198 | |||
Carrying amount of land | 9,538 | |||
Carrying amount of buildings and improvements | 18,488 | |||
Carrying amount of land and buildings and improvements, Total | 28,026 | |||
Accumulated Depreciation | $ (3,255) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Nadarzyn Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,180 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 6,905 | |||
Carrying amount of land | 2,180 | |||
Carrying amount of buildings and improvements | 6,905 | |||
Carrying amount of land and buildings and improvements, Total | 9,085 | |||
Accumulated Depreciation | $ (1,486) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | European Markets | Piotrkow II Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,418 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 4,864 | |||
Carrying amount of land | 1,396 | |||
Carrying amount of buildings and improvements | 4,886 | |||
Carrying amount of land and buildings and improvements, Total | 6,282 | |||
Accumulated Depreciation | $ (1,170) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | European Markets | Sochaczew Distribution Center | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 116 | |||
Building and Improvements | 10,242 | |||
Costs capitalized subsequent to acquisition | 2,214 | |||
Carrying amount of land | 750 | |||
Carrying amount of buildings and improvements | 11,822 | |||
Carrying amount of land and buildings and improvements, Total | 12,572 | |||
Accumulated Depreciation | $ (2,874) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | European Markets | Szczecin Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 925 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 13,163 | |||
Carrying amount of land | 928 | |||
Carrying amount of buildings and improvements | 13,160 | |||
Carrying amount of land and buildings and improvements, Total | 14,088 | |||
Accumulated Depreciation | $ (218) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | European Markets | Sered Distribution Center [Member] | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,105 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 11,559 | |||
Carrying amount of land | 2,105 | |||
Carrying amount of buildings and improvements | 11,559 | |||
Carrying amount of land and buildings and improvements, Total | 13,664 | |||
Accumulated Depreciation | $ (2,233) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | European Markets | Baraja MAD Logistics Center [Member] | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 0 | |||
Building and Improvements | 34,100 | |||
Costs capitalized subsequent to acquisition | 1,040 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 35,140 | |||
Carrying amount of land and buildings and improvements, Total | 35,140 | |||
Accumulated Depreciation | $ (7,935) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Orebro Distribution Center [Member] | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 8,738 | |||
Building and Improvements | 19,104 | |||
Costs capitalized subsequent to acquisition | 2,230 | |||
Carrying amount of land | 8,738 | |||
Carrying amount of buildings and improvements | 21,334 | |||
Carrying amount of land and buildings and improvements, Total | 30,072 | |||
Accumulated Depreciation | $ (6,267) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Grange Park [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 13,258 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,900 | |||
Carrying amount of land | 14,331 | |||
Carrying amount of buildings and improvements | 13,827 | |||
Carrying amount of land and buildings and improvements, Total | 28,158 | |||
Accumulated Depreciation | $ (519) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | European Markets | Midpoint Park [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 17,843 | |||
Building and Improvements | 9,526 | |||
Costs capitalized subsequent to acquisition | 24,621 | |||
Carrying amount of land | 23,011 | |||
Carrying amount of buildings and improvements | 28,979 | |||
Carrying amount of land and buildings and improvements, Total | 51,990 | |||
Accumulated Depreciation | $ (2,253) | |||
Date of Construction/ Acquisition | 2008, 2015 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 15 | |||
Land | $ 13,723 | |||
Building and Improvements | 170,781 | |||
Costs capitalized subsequent to acquisition | 17,021 | |||
Carrying amount of land | 11,864 | |||
Carrying amount of buildings and improvements | 189,661 | |||
Carrying amount of land and buildings and improvements, Total | 201,525 | |||
Accumulated Depreciation | $ (44,145) | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 0 | |||
Building and Improvements | 127,642 | |||
Costs capitalized subsequent to acquisition | 917 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 128,559 | |||
Carrying amount of land and buildings and improvements, Total | 128,559 | |||
Accumulated Depreciation | $ (32,799) | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Dalian Industrial Park Distribution Center [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,239 | |||
Building and Improvements | 12,828 | |||
Costs capitalized subsequent to acquisition | 30 | |||
Carrying amount of land | 2,052 | |||
Carrying amount of buildings and improvements | 13,045 | |||
Carrying amount of land and buildings and improvements, Total | 15,097 | |||
Accumulated Depreciation | $ (2,043) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Fengxian Logistics Center [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 0 | |||
Building and Improvements | 12,149 | |||
Costs capitalized subsequent to acquisition | 991 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 13,140 | |||
Carrying amount of land and buildings and improvements, Total | 13,140 | |||
Accumulated Depreciation | $ (5,073) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Jiaxing Distribution Center [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,104 | |||
Building and Improvements | 9,795 | |||
Costs capitalized subsequent to acquisition | 15,058 | |||
Carrying amount of land | 8,555 | |||
Carrying amount of buildings and improvements | 26,402 | |||
Carrying amount of land and buildings and improvements, Total | 34,957 | |||
Accumulated Depreciation | $ (2,715) | |||
Date of Construction/ Acquisition | 2011, 2013 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Tianjin Bonded Logistics Park [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,380 | |||
Building and Improvements | 8,367 | |||
Costs capitalized subsequent to acquisition | 25 | |||
Carrying amount of land | 1,257 | |||
Carrying amount of buildings and improvements | 8,515 | |||
Carrying amount of land and buildings and improvements, Total | 9,772 | |||
Accumulated Depreciation | $ (1,515) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | ProLogis Park Narita III [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 13,723 | |||
Building and Improvements | 43,139 | |||
Costs capitalized subsequent to acquisition | 16,104 | |||
Carrying amount of land | 11,864 | |||
Carrying amount of buildings and improvements | 61,102 | |||
Carrying amount of land and buildings and improvements, Total | 72,966 | |||
Accumulated Depreciation | $ (11,346) | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Changi South Distribution Center 1 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 38,384 | |||
Costs capitalized subsequent to acquisition | 104 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 38,488 | |||
Carrying amount of land and buildings and improvements, Total | 38,488 | |||
Accumulated Depreciation | $ (8,773) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Changi-North Distribution Center 1 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 14,276 | |||
Costs capitalized subsequent to acquisition | 140 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 14,416 | |||
Carrying amount of land and buildings and improvements, Total | 14,416 | |||
Accumulated Depreciation | $ (3,158) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Airport Logistics Center 2 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 34,105 | |||
Costs capitalized subsequent to acquisition | 194 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 34,299 | |||
Carrying amount of land and buildings and improvements, Total | 34,299 | |||
Accumulated Depreciation | $ (8,547) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Airport Logistics Center 3 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 23,553 | |||
Costs capitalized subsequent to acquisition | 201 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 23,754 | |||
Carrying amount of land and buildings and improvements, Total | 23,754 | |||
Accumulated Depreciation | $ (5,890) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Tuas Distribution Center [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 0 | |||
Building and Improvements | 17,324 | |||
Costs capitalized subsequent to acquisition | 278 | |||
Carrying amount of land | 0 | |||
Carrying amount of buildings and improvements | 17,602 | |||
Carrying amount of land and buildings and improvements, Total | 17,602 | |||
Accumulated Depreciation | $ (6,431) | |||
Date of Construction/ Acquisition | 2,011 | |||
Properties Under Development [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1,865 | |||
Land | $ 6,486,869 | |||
Building and Improvements | 14,473,118 | |||
Costs capitalized subsequent to acquisition | 4,415,552 | |||
Carrying amount of land | 6,590,782 | |||
Carrying amount of buildings and improvements | 18,784,757 | |||
Carrying amount of land and buildings and improvements, Total | 25,375,539 | |||
Accumulated Depreciation | $ (3,679,479) | |||
Properties Under Development [Member] | Total Development Portfolio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 89 | |||
Land | $ 553,239 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 878,843 | |||
Carrying amount of land | 553,239 | |||
Carrying amount of buildings and improvements | 878,843 | |||
Carrying amount of land and buildings and improvements, Total | 1,432,082 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 45 | |||
Land | $ 242,857 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 304,740 | |||
Carrying amount of land | 242,857 | |||
Carrying amount of buildings and improvements | 304,740 | |||
Carrying amount of land and buildings and improvements, Total | 547,597 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 34 | |||
Land | $ 186,337 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 221,777 | |||
Carrying amount of land | 186,337 | |||
Carrying amount of buildings and improvements | 221,777 | |||
Carrying amount of land and buildings and improvements, Total | 408,114 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 15,667 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 36,021 | |||
Carrying amount of land | 15,667 | |||
Carrying amount of buildings and improvements | 36,021 | |||
Carrying amount of land and buildings and improvements, Total | 51,688 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 40,853 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 46,942 | |||
Carrying amount of land | 40,853 | |||
Carrying amount of buildings and improvements | 46,942 | |||
Carrying amount of land and buildings and improvements, Total | 87,795 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,868 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 28,881 | |||
Carrying amount of land | 9,868 | |||
Carrying amount of buildings and improvements | 28,881 | |||
Carrying amount of land and buildings and improvements, Total | 38,749 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,970 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 11,362 | |||
Carrying amount of land | 5,970 | |||
Carrying amount of buildings and improvements | 11,362 | |||
Carrying amount of land and buildings and improvements, Total | 17,332 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,577 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 13,550 | |||
Carrying amount of land | 1,577 | |||
Carrying amount of buildings and improvements | 13,550 | |||
Carrying amount of land and buildings and improvements, Total | 15,127 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,546 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,874 | |||
Carrying amount of land | 8,546 | |||
Carrying amount of buildings and improvements | 5,874 | |||
Carrying amount of land and buildings and improvements, Total | 14,420 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,403 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,430 | |||
Carrying amount of land | 2,403 | |||
Carrying amount of buildings and improvements | 14,430 | |||
Carrying amount of land and buildings and improvements, Total | 16,833 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,246 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,477 | |||
Carrying amount of land | 1,246 | |||
Carrying amount of buildings and improvements | 14,477 | |||
Carrying amount of land and buildings and improvements, Total | 15,723 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 22,948 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 46,320 | |||
Carrying amount of land | 22,948 | |||
Carrying amount of buildings and improvements | 46,320 | |||
Carrying amount of land and buildings and improvements, Total | 69,268 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,140 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 21,382 | |||
Carrying amount of land | 4,140 | |||
Carrying amount of buildings and improvements | 21,382 | |||
Carrying amount of land and buildings and improvements, Total | 25,522 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,075 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 274 | |||
Carrying amount of land | 1,075 | |||
Carrying amount of buildings and improvements | 274 | |||
Carrying amount of land and buildings and improvements, Total | 1,349 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,599 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 20,594 | |||
Carrying amount of land | 1,599 | |||
Carrying amount of buildings and improvements | 20,594 | |||
Carrying amount of land and buildings and improvements, Total | 22,193 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 12,102 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 19,020 | |||
Carrying amount of land | 12,102 | |||
Carrying amount of buildings and improvements | 19,020 | |||
Carrying amount of land and buildings and improvements, Total | 31,122 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,528 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 681 | |||
Carrying amount of land | 2,528 | |||
Carrying amount of buildings and improvements | 681 | |||
Carrying amount of land and buildings and improvements, Total | 3,209 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 11,833 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 8,112 | |||
Carrying amount of land | 11,833 | |||
Carrying amount of buildings and improvements | 8,112 | |||
Carrying amount of land and buildings and improvements, Total | 19,945 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 50,668 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 13,675 | |||
Carrying amount of land | 50,668 | |||
Carrying amount of buildings and improvements | 13,675 | |||
Carrying amount of land and buildings and improvements, Total | 64,343 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | New Jersey [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 49,834 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 3,145 | |||
Carrying amount of land | 49,834 | |||
Carrying amount of buildings and improvements | 3,145 | |||
Carrying amount of land and buildings and improvements, Total | 52,979 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Park I-75 South [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,868 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 28,881 | |||
Carrying amount of land | 9,868 | |||
Carrying amount of buildings and improvements | 28,881 | |||
Carrying amount of land and buildings and improvements, Total | 38,749 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Patterson Pass Business Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,922 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 11,360 | |||
Carrying amount of land | 2,922 | |||
Carrying amount of buildings and improvements | 11,360 | |||
Carrying amount of land and buildings and improvements, Total | 14,282 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Glendale Heights Distribution Center | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 153 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 9,825 | |||
Carrying amount of land | 153 | |||
Carrying amount of buildings and improvements | 9,825 | |||
Carrying amount of land and buildings and improvements, Total | 9,978 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Woodridge Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,424 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 3,725 | |||
Carrying amount of land | 1,424 | |||
Carrying amount of buildings and improvements | 3,725 | |||
Carrying amount of land and buildings and improvements, Total | 5,149 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Park 121 Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,546 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,874 | |||
Carrying amount of land | 8,546 | |||
Carrying amount of buildings and improvements | 5,874 | |||
Carrying amount of land and buildings and improvements, Total | 14,420 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Stapleton Business Center North [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,403 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,430 | |||
Carrying amount of land | 2,403 | |||
Carrying amount of buildings and improvements | 14,430 | |||
Carrying amount of land and buildings and improvements, Total | 16,833 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Las Vegas Corporate Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,936 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 1,003 | |||
Carrying amount of land | 3,936 | |||
Carrying amount of buildings and improvements | 1,003 | |||
Carrying amount of land and buildings and improvements, Total | 4,939 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Sunrise Industrial Park [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,348 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 8,011 | |||
Carrying amount of land | 5,348 | |||
Carrying amount of buildings and improvements | 8,011 | |||
Carrying amount of land and buildings and improvements, Total | 13,359 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | DeSoto Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,140 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 21,382 | |||
Carrying amount of land | 4,140 | |||
Carrying amount of buildings and improvements | 21,382 | |||
Carrying amount of land and buildings and improvements, Total | 25,522 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Hayward Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 11,287 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,693 | |||
Carrying amount of land | 11,287 | |||
Carrying amount of buildings and improvements | 14,693 | |||
Carrying amount of land and buildings and improvements, Total | 25,980 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Beacon Lakes [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 11,833 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 8,112 | |||
Carrying amount of land | 11,833 | |||
Carrying amount of buildings and improvements | 8,112 | |||
Carrying amount of land and buildings and improvements, Total | 19,945 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Redlands Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 18,136 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,474 | |||
Carrying amount of land | 18,136 | |||
Carrying amount of buildings and improvements | 5,474 | |||
Carrying amount of land and buildings and improvements, Total | 23,610 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Milton 402 Business Park [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,792 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 20,390 | |||
Carrying amount of land | 7,792 | |||
Carrying amount of buildings and improvements | 20,390 | |||
Carrying amount of land and buildings and improvements, Total | 28,182 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Tapscott Distribution Center [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,875 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 15,631 | |||
Carrying amount of land | 7,875 | |||
Carrying amount of buildings and improvements | 15,631 | |||
Carrying amount of land and buildings and improvements, Total | 23,506 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | International Park of Commerce [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,048 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 2 | |||
Carrying amount of land | 3,048 | |||
Carrying amount of buildings and improvements | 2 | |||
Carrying amount of land and buildings and improvements, Total | 3,050 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Greens Parkway Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,246 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,477 | |||
Carrying amount of land | 1,246 | |||
Carrying amount of buildings and improvements | 14,477 | |||
Carrying amount of land and buildings and improvements, Total | 15,723 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Ann Rd-N Sloan LN Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,609 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 19,749 | |||
Carrying amount of land | 3,609 | |||
Carrying amount of buildings and improvements | 19,749 | |||
Carrying amount of land and buildings and improvements, Total | 23,358 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Las Vegas Beltway Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,321 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 7,443 | |||
Carrying amount of land | 7,321 | |||
Carrying amount of buildings and improvements | 7,443 | |||
Carrying amount of land and buildings and improvements, Total | 14,764 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | North 15 Freeway Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,734 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 10,114 | |||
Carrying amount of land | 2,734 | |||
Carrying amount of buildings and improvements | 10,114 | |||
Carrying amount of land and buildings and improvements, Total | 12,848 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Elizabeth Seaport [Member] | New Jersey [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,732 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 3,145 | |||
Carrying amount of land | 15,732 | |||
Carrying amount of buildings and improvements | 3,145 | |||
Carrying amount of land and buildings and improvements, Total | 18,877 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Tri-Port Distribution Center [Member] | New Jersey [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 34,102 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 0 | |||
Carrying amount of land | 34,102 | |||
Carrying amount of buildings and improvements | 0 | |||
Carrying amount of land and buildings and improvements, Total | 34,102 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Riverside Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,075 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 274 | |||
Carrying amount of land | 1,075 | |||
Carrying amount of buildings and improvements | 274 | |||
Carrying amount of land and buildings and improvements, Total | 1,349 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Southport Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,599 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 20,594 | |||
Carrying amount of land | 1,599 | |||
Carrying amount of buildings and improvements | 20,594 | |||
Carrying amount of land and buildings and improvements, Total | 22,193 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Oakland Logistics Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 815 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 4,327 | |||
Carrying amount of land | 815 | |||
Carrying amount of buildings and improvements | 4,327 | |||
Carrying amount of land and buildings and improvements, Total | 5,142 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Park Tacoma Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,528 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 681 | |||
Carrying amount of land | 2,528 | |||
Carrying amount of buildings and improvements | 681 | |||
Carrying amount of land and buildings and improvements, Total | 3,209 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Agua Mansa [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 15,511 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 1,250 | |||
Carrying amount of land | 15,511 | |||
Carrying amount of buildings and improvements | 1,250 | |||
Carrying amount of land and buildings and improvements, Total | 16,761 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Meridan Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 17,021 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 6,951 | |||
Carrying amount of land | 17,021 | |||
Carrying amount of buildings and improvements | 6,951 | |||
Carrying amount of land and buildings and improvements, Total | 23,972 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Agua Fria Industrial Park [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,912 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 10,941 | |||
Carrying amount of land | 4,912 | |||
Carrying amount of buildings and improvements | 10,941 | |||
Carrying amount of land and buildings and improvements, Total | 15,853 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Arrayanes Industrial Park [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,738 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 6,744 | |||
Carrying amount of land | 4,738 | |||
Carrying amount of buildings and improvements | 6,744 | |||
Carrying amount of land and buildings and improvements, Total | 11,482 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | North American Markets [Member] | Los Altos Industrial Park [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,726 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,712 | |||
Carrying amount of land | 3,726 | |||
Carrying amount of buildings and improvements | 5,712 | |||
Carrying amount of land and buildings and improvements, Total | 9,438 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | San Jose Distribution Center [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 24,303 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 19,060 | |||
Carrying amount of land | 24,303 | |||
Carrying amount of buildings and improvements | 19,060 | |||
Carrying amount of land and buildings and improvements, Total | 43,363 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | North American Markets [Member] | Toluca Distribution Center [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,174 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 4,485 | |||
Carrying amount of land | 3,174 | |||
Carrying amount of buildings and improvements | 4,485 | |||
Carrying amount of land and buildings and improvements, Total | 7,659 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 37 | |||
Land | $ 159,320 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 171,886 | |||
Carrying amount of land | 159,320 | |||
Carrying amount of buildings and improvements | 171,886 | |||
Carrying amount of land and buildings and improvements, Total | 331,206 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,398 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 10,415 | |||
Carrying amount of land | 8,398 | |||
Carrying amount of buildings and improvements | 10,415 | |||
Carrying amount of land and buildings and improvements, Total | 18,813 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,819 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 34,583 | |||
Carrying amount of land | 10,819 | |||
Carrying amount of buildings and improvements | 34,583 | |||
Carrying amount of land and buildings and improvements, Total | 45,402 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 7,346 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 8,576 | |||
Carrying amount of land | 7,346 | |||
Carrying amount of buildings and improvements | 8,576 | |||
Carrying amount of land and buildings and improvements, Total | 15,922 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Hungary [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,250 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 9,381 | |||
Carrying amount of land | 4,250 | |||
Carrying amount of buildings and improvements | 9,381 | |||
Carrying amount of land and buildings and improvements, Total | 13,631 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,291 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 961 | |||
Carrying amount of land | 2,291 | |||
Carrying amount of buildings and improvements | 961 | |||
Carrying amount of land and buildings and improvements, Total | 3,252 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 10,911 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 26,431 | |||
Carrying amount of land | 10,911 | |||
Carrying amount of buildings and improvements | 26,431 | |||
Carrying amount of land and buildings and improvements, Total | 37,342 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,769 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 8,510 | |||
Carrying amount of land | 7,769 | |||
Carrying amount of buildings and improvements | 8,510 | |||
Carrying amount of land and buildings and improvements, Total | 16,279 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,159 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 331 | |||
Carrying amount of land | 11,159 | |||
Carrying amount of buildings and improvements | 331 | |||
Carrying amount of land and buildings and improvements, Total | 11,490 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 13,142 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,638 | |||
Carrying amount of land | 13,142 | |||
Carrying amount of buildings and improvements | 14,638 | |||
Carrying amount of land and buildings and improvements, Total | 27,780 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 63,559 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 36,997 | |||
Carrying amount of land | 63,559 | |||
Carrying amount of buildings and improvements | 36,997 | |||
Carrying amount of land and buildings and improvements, Total | 100,556 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 19,676 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 21,063 | |||
Carrying amount of land | 19,676 | |||
Carrying amount of buildings and improvements | 21,063 | |||
Carrying amount of land and buildings and improvements, Total | 40,739 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Prague Rudna Distribution Center | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,540 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 8,971 | |||
Carrying amount of land | 6,540 | |||
Carrying amount of buildings and improvements | 8,971 | |||
Carrying amount of land and buildings and improvements, Total | 15,511 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | Le Havre Distribution Center [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 868 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 25,104 | |||
Carrying amount of land | 868 | |||
Carrying amount of buildings and improvements | 25,104 | |||
Carrying amount of land and buildings and improvements, Total | 25,972 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | Moissy Ii Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,459 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 2,131 | |||
Carrying amount of land | 2,459 | |||
Carrying amount of buildings and improvements | 2,131 | |||
Carrying amount of land and buildings and improvements, Total | 4,590 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Szczecin Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 329 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 2,666 | |||
Carrying amount of land | 329 | |||
Carrying amount of buildings and improvements | 2,666 | |||
Carrying amount of land and buildings and improvements, Total | 2,995 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Prague Airport Distribution Center | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,858 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 1,444 | |||
Carrying amount of land | 1,858 | |||
Carrying amount of buildings and improvements | 1,444 | |||
Carrying amount of land and buildings and improvements, Total | 3,302 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Isle d'Abeau Distribution Center [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,492 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 7,348 | |||
Carrying amount of land | 7,492 | |||
Carrying amount of buildings and improvements | 7,348 | |||
Carrying amount of land and buildings and improvements, Total | 14,840 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | Bremen Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,275 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,198 | |||
Carrying amount of land | 1,275 | |||
Carrying amount of buildings and improvements | 5,198 | |||
Carrying amount of land and buildings and improvements, Total | 6,473 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Hamm Distribution Center 1 [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,699 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 0 | |||
Carrying amount of land | 4,699 | |||
Carrying amount of buildings and improvements | 0 | |||
Carrying amount of land and buildings and improvements, Total | 4,699 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Krefeld Park | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,372 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 3,378 | |||
Carrying amount of land | 1,372 | |||
Carrying amount of buildings and improvements | 3,378 | |||
Carrying amount of land and buildings and improvements, Total | 4,750 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Budapest-Sziget Distribution Center [Member] | Hungary [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,250 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 9,381 | |||
Carrying amount of land | 4,250 | |||
Carrying amount of buildings and improvements | 9,381 | |||
Carrying amount of land and buildings and improvements, Total | 13,631 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | Bologna Distribution Center [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,291 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 961 | |||
Carrying amount of land | 2,291 | |||
Carrying amount of buildings and improvements | 961 | |||
Carrying amount of land and buildings and improvements, Total | 3,252 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Nieuwegein Distribution Center [Member] | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,551 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 7,766 | |||
Carrying amount of land | 6,551 | |||
Carrying amount of buildings and improvements | 7,766 | |||
Carrying amount of land and buildings and improvements, Total | 14,317 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Venlo Distribution Center [Member] | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 13,125 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 13,297 | |||
Carrying amount of land | 13,125 | |||
Carrying amount of buildings and improvements | 13,297 | |||
Carrying amount of land and buildings and improvements, Total | 26,422 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Chorzow Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,684 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 7,096 | |||
Carrying amount of land | 3,684 | |||
Carrying amount of buildings and improvements | 7,096 | |||
Carrying amount of land and buildings and improvements, Total | 10,780 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | Piotrkow II Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,252 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 9,880 | |||
Carrying amount of land | 2,252 | |||
Carrying amount of buildings and improvements | 9,880 | |||
Carrying amount of land and buildings and improvements, Total | 12,132 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Strykow [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,646 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 6,789 | |||
Carrying amount of land | 4,646 | |||
Carrying amount of buildings and improvements | 6,789 | |||
Carrying amount of land and buildings and improvements, Total | 11,435 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Galanta Distribution Center [Member] | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,296 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 2,569 | |||
Carrying amount of land | 5,296 | |||
Carrying amount of buildings and improvements | 2,569 | |||
Carrying amount of land and buildings and improvements, Total | 7,865 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | ProLogis Park Nove Mesto [Member] | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,473 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 5,941 | |||
Carrying amount of land | 2,473 | |||
Carrying amount of buildings and improvements | 5,941 | |||
Carrying amount of land and buildings and improvements, Total | 8,414 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Massalaves Distribution Center [Member] | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,809 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 303 | |||
Carrying amount of land | 4,809 | |||
Carrying amount of buildings and improvements | 303 | |||
Carrying amount of land and buildings and improvements, Total | 5,112 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | San Fernando Distribution Center [Member] | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,350 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 28 | |||
Carrying amount of land | 6,350 | |||
Carrying amount of buildings and improvements | 28 | |||
Carrying amount of land and buildings and improvements, Total | 6,378 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Gothenburg Distribution Center [Member] | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 13,142 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 14,638 | |||
Carrying amount of land | 13,142 | |||
Carrying amount of buildings and improvements | 14,638 | |||
Carrying amount of land and buildings and improvements, Total | 27,780 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Birmingham International Gateway Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 13,835 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 9,616 | |||
Carrying amount of land | 13,835 | |||
Carrying amount of buildings and improvements | 9,616 | |||
Carrying amount of land and buildings and improvements, Total | 23,451 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | Daventry Phase II Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,524 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 602 | |||
Carrying amount of land | 5,524 | |||
Carrying amount of buildings and improvements | 602 | |||
Carrying amount of land and buildings and improvements, Total | 6,126 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Dirft Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,945 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 123 | |||
Carrying amount of land | 3,945 | |||
Carrying amount of buildings and improvements | 123 | |||
Carrying amount of land and buildings and improvements, Total | 4,068 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | Stockly Park Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 24,153 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 16,910 | |||
Carrying amount of land | 24,153 | |||
Carrying amount of buildings and improvements | 16,910 | |||
Carrying amount of land and buildings and improvements, Total | 41,063 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | European Markets | Marston Gate Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 13,735 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 9,714 | |||
Carrying amount of land | 13,735 | |||
Carrying amount of buildings and improvements | 9,714 | |||
Carrying amount of land and buildings and improvements, Total | 23,449 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | European Markets | North Kettering Business Park [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,367 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 32 | |||
Carrying amount of land | 2,367 | |||
Carrying amount of buildings and improvements | 32 | |||
Carrying amount of land and buildings and improvements, Total | 2,399 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | Asian Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 151,062 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 402,217 | |||
Carrying amount of land | 151,062 | |||
Carrying amount of buildings and improvements | 402,217 | |||
Carrying amount of land and buildings and improvements, Total | 553,279 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 151,062 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 402,217 | |||
Carrying amount of land | 151,062 | |||
Carrying amount of buildings and improvements | 402,217 | |||
Carrying amount of land and buildings and improvements, Total | 553,279 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | Asian Markets [Member] | Chiba New Town Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 31,406 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 124,053 | |||
Carrying amount of land | 31,406 | |||
Carrying amount of buildings and improvements | 124,053 | |||
Carrying amount of land and buildings and improvements, Total | 155,459 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | Asian Markets [Member] | Higashi Matsuyama Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 13,402 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 7,841 | |||
Carrying amount of land | 13,402 | |||
Carrying amount of buildings and improvements | 7,841 | |||
Carrying amount of land and buildings and improvements, Total | 21,243 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | Asian Markets [Member] | Ibaraki Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 43,515 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 178,641 | |||
Carrying amount of land | 43,515 | |||
Carrying amount of buildings and improvements | 178,641 | |||
Carrying amount of land and buildings and improvements, Total | 222,156 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | Asian Markets [Member] | Koga Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,257 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 12,090 | |||
Carrying amount of land | 8,257 | |||
Carrying amount of buildings and improvements | 12,090 | |||
Carrying amount of land and buildings and improvements, Total | 20,347 | |||
Accumulated Depreciation | $ 0 | |||
Properties Under Development [Member] | Asian Markets [Member] | Narashino IV Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 19,424 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 66,114 | |||
Carrying amount of land | 19,424 | |||
Carrying amount of buildings and improvements | 66,114 | |||
Carrying amount of land and buildings and improvements, Total | 85,538 | |||
Accumulated Depreciation | $ 0 | |||
Date of Construction/ Acquisition | 2,016 | |||
Properties Under Development [Member] | Asian Markets [Member] | Shiohama Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 35,058 | |||
Building and Improvements | 0 | |||
Costs capitalized subsequent to acquisition | 13,478 | |||
Carrying amount of land | 35,058 | |||
Carrying amount of buildings and improvements | 13,478 | |||
Carrying amount of land and buildings and improvements, Total | 48,536 | |||
Accumulated Depreciation | $ 0 |
Real Estate and Accumulated 118
Real Estate and Accumulated Depreciation (Parenthetical) (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2016 | Dec. 31, 2015 | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Total per Schedule III | $ 25,375,539 | $ 25,608,648 | $ 20,109,432 | $ 25,375,539 | $ 25,608,648 |
Land | 1,218,904 | ||||
Other real estate investments | 524,887 | ||||
Total per consolidated balance sheet | 27,119,330 | 27,521,368 | |||
Aggregate cost for Federal tax purposes | 16,100,000 | ||||
Total accumulated depreciation per Schedule III | 3,679,479 | 3,207,855 | 2,748,835 | 3,679,479 | 3,207,855 |
Accumulated depreciation on other real estate investments | 78,893 | ||||
Less accumulated depreciation | 3,758,372 | $ 3,274,284 | |||
Amount secured of mortgage notes | 5,200,000 | ||||
Mortgage notes | 2,700,000 | ||||
Assessment bonds | $ 14,500 | ||||
Assessment bonds, aggregate undepreciated cost | 737,400 | ||||
Real estate assets: | |||||
Balance at beginning of year | 25,608,648 | 20,109,432 | 18,822,081 | ||
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 | 1,883,888 | 7,191,335 | 3,595,836 | ||
Basis of operating properties disposed of | (1,359,186) | (1,719,632) | (2,713,300) | ||
Change in the development portfolio balance, including the acquisition of properties | (440,821) | 398,923 | 452,963 | ||
Assets transferred to held-for-sale | (316,990) | (371,410) | (48,148) | ||
Balance at end year | 25,375,539 | 25,608,648 | 20,109,432 | ||
Accumulated depreciation: | |||||
Balance at beginning of year | 3,207,855 | 2,748,835 | 2,540,267 | ||
Depreciation expense | 668,686 | 617,258 | 490,298 | ||
Balances retired upon disposition of operating properties and net effect of changes in foreign exchange rates and other | (195,895) | (153,621) | (277,516) | ||
Assets transferred to held-for-sale | (1,167) | (4,617) | (4,214) | ||
Balance at end of year | $ 3,679,479 | $ 3,207,855 | $ 2,748,835 | ||
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 |