SAN FRANCISCO, July 31, 2017 /PRNewswire/ -- Prologis,
Inc. (NYSE: PLD), the global leader in industrial real estate, today announced that Japanese real estate investment trust Nippon
Prologis REIT, Inc. (NPR) priced investment units at 227,850 Japanese yen per unit, including
over-allotment option. The offering will comprise a domestic placement of 75,660 units and an international placement of 67,770
units. Prologis will retain its 15 percent ownership interest in NPR.
NPR will use the proceeds from the issuance to repay bridge loans used to acquire three Class-A properties for JPY 55.8 billion ($493.5 million). The assets, totaling approximately 2.6 million
square feet (239,434 square meters), were made available to NPR through its sponsor support agreement with Prologis. The issuance
is expected to close August 7, 2017 in Japan.
NPR is managed by a wholly owned subsidiary of Prologis.
This announcement is not an offer of securities for sale in the United States or any other
jurisdiction. Securities may not be offered or sold in the United States unless they are
registered or exempt from registration.
About Prologis
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of
June 30, 2017, the company owned or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects expected to total approximately 684 million square feet (64 million
square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers
across two major categories: business-to-business and retail/online fulfillment.
Forward-looking Statements
The statements in this release that are not historical facts are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which
Prologis operates, management's beliefs and assumptions made by management. Such statements involve uncertainties that could
significantly impact Prologis' financial results. Words such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements,
which generally are not historical in nature. All statements that address operating performance, events or developments that we
expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, development activity
and changes in sales or contribution volume of properties, disposition activity, general conditions in the geographic areas where
we operate, our debt and financial position, our ability to form new co-investment ventures and the availability of capital in
existing or new co-investment ventures — are forward-looking statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or
forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not
limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates
and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with
acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust ("REIT") status and tax
structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks
related to our investments in our co-investment ventures and funds, including our ability to establish new co-investment ventures
and funds, (viii) risks of doing business internationally, including currency risks, (ix) environmental uncertainties, including
risks of natural disasters, and (x) those additional factors discussed in reports filed with the Securities and Exchange
Commission by Prologis under the heading "Risk Factors." Prologis undertakes no duty to update any forward-looking statements
appearing in this release.
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SOURCE Prologis, Inc.